CIVIL COMPANY FORMATION
1st June 2021 onwards, Service Providing companies can be established only under Professional license. Now foreign investors can own 100% shares in such companies situated in the mainland jurisdiction however, a local service agent is required for the documentation process, unlike LLC Companies.In matters related to governmental applications with the government authorities, the signature of the Local Service Agent is required.
- Memorandum of Association
The MOA details the profit-sharing between the partners and is an important tool in protecting the interests of all partners. It must contain the signature of all the partners of the LLC.
- Procedure
| DESCRIPYION | ORIGINAL PRICE | REMARKS | TIMELIENE |
| License Fees (Gov) | AED 6000 | Approx. charges. Actual price will be charged as per invoice. | 1-2 days post signing the MoA agreement. |
| Trade Name Reservation | AED 620 | ||
| Initial Approval Typing | AED 231 | ||
| DED Service Fee for Trade Name Reservation | AED 117 | ||
| Initial Approval | AED 120 | ||
| DED Service Fee for Initial Approval | AED 117 | ||
| Local Service Agent Fee | AED 6000 | ||
| Local Service Agent Agreement | AED 350 | ||
| 13555 |
Terms and Conditions
The government process listed in the preceding table is an estimate for the services discussed. This summary is not a warranty of the final price. Estimates are subject to change if setup specifications are changed.
The above-listed charges are for 1 shareholder. For more than 1 shareholder, an additional AED 2000 (Gov Fee) will be added to the payment voucher or final Gov invoice.
