Q: Can an LLC company in Dubai mainland make a foreign company wholly owned by a UAE national 51% shareholder in lieu of appointing a 51% Emarati sponsor? A: This is a widespread practice. There are certain restrictions that must be thoroughly considered. Compliance directives must be implemented.…

Dubai, UAE

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Can the UAE national partner in an LLC be a company instead of an individual?

Can an LLC company in Dubai mainland make a foreign company wholly owned by a UAE national 51% shareholder in lieu of appointing a 51% Emarati sponsor?

Hayyan Khan

Avrio Legal Group

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5 Jun 2021, 20:41

Hi,

Although this is a widespread practice, there are certain restrictions that must be thoroughly considered.

Items such as the UAE's latest compliance directives must be implemented.

For further information, please contact us at our email.

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Khaled Mahmoud Shibl

MIO Law Firm (Abu Baker Salem Advocates & Legal Consultants)

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6 Jun 2021, 08:36

Answer-

Yes, as per the provision of the Limited Liability Company, an Emirati can form a full foreign company as LLC other than the Representative or Branch office. However, we need more details for the same.

Please call or email us.

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