Mainland

Limited Liability Company

A limited liability company has two to 50 shareholders, each of whom is liable only to the extent of his or her share in the company.

Accords

• No professional or consultancy activities can be conducted by this form of company except banking, insurance or investment.
• An LLC can conduct any industrial or commercial activity.
• 51 per cent ownership should be with UAE nationals but profits can be accorded in a different ratio.
• LLC’s require a UAE-accredited auditor.