LIMITED LIABILITY PARTNERSHIP

Limited Liability Partnership

What is a limited liability partnership company? What are the requirements, advantages and disadvantages of setting one up in Dubai? A limited liability partnership (LLP) is a corporate entity that is created under the laws of the United Arab Emirates. An LLP helps the investors to gain significant tax and business benefits, but it also comes with a number of limitations and restrictions. An LLP in Dubai offers two kinds: In the contemporary world, people always try to seek commercial success in whichever line of business they are associated with. The business firms go for all out efforts for maximizing the commercial trait.

Advantages of LLP

  • It's simple to create and run a business like an entrepreneur.
  • There is no necessity for a minimum amount of capital.
  • There is no limit on the number of entrepreneurs.
  • Reduced Registration Fees.
  • There is no obligation for a mandatory audit.
  • Cost savings as a result of a lower compliance load.
  • Aspects of LLP Taxation... (DDT) is not applicable
  • Only a few occupations are normally permitted in LLPs.
  • At least 2 parties are required in an LLP.
  • LLPs should have a general manager, but all members must participate in the management of the company.
  • Taxes are not due from the LLP. The LLP is exempt from paying tax on its partners' earnings and shares.

For best performance of your business, you need to choose a suitable business model. AIG Corporate Services Provider offers following services for business owners: 

  • Mainland, Free Zones or Offshore company registration services in all Emirates of UAE  
  • Opening bank account with all local leading banks 

Speak to our experts for assistance for registration of your company. We provide economical cost service, complete guidance and assist in completing all formalities. 

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