What you need to know about starting a single owner company UAE
Thinking about starting your own Single Owner Company UAE? Learn what’s involved in setting up your business, from costs to documentation, and how this structure can benefit you as a sole proprietor.
A Single Owner Company UAE is a limited liability company (LLC) that offers several advantages to entrepreneurs. With this structure, the government recognizes your company as a separate entity, which helps protect your assets from liabilities or litigation.
Why Choose a Single Owner Company in the UAE?
The UAE is known for its dynamic business environment and innovation. You can now establish a Limited Liability Company with just a single member—perfect for entrepreneurs who wish to limit their personal liability while benefiting from favorable tax treatments.
In this guide, we’ll cover:
- What is a Single Owner Company in the UAE?
- The Ownership Structure of a Single Owner Business in Dubai
- Choosing a Commercial Name for Your Sole Proprietorship
- Key Documents Required for Setting Up a Single Owner Company
- Costs of Starting a Personal Company in Dubai
- Partnering with Crosslink International for Seamless Business Setup
What is a Single Owner Company in the UAE?
A Single Owner Company in Dubai is a type of Limited Liability Company (LLC) where the business is owned and operated by a single individual. Unlike other business models, this structure allows sole proprietors to fully control their operations while limiting their liability.
However, the company must comply with the same legal regulations as other LLCs in Dubai. It’s an ideal choice for many types of businesses, such as tourism, retail, and most professional industries, excluding consultancy services.
Crosslink International—a trusted Dubai-based business consultancy—helps clients navigate the setup process for Single Owner Companies, ensuring that all legal requirements are met and your business gets off to the right start.
Benefits of a Single Owner Company in the UAE
Starting a Single Owner Company in the UAE offers several advantages, including:
- Complete Control: You retain full authority over the business operations.
- Limited Liability: Protect your personal assets from business-related risks.
- Scalability: Hire staff as needed without losing control of your company.
- Tax Flexibility: Choose to file taxes as either a sole proprietor or a corporation.
- Ownership Transfer: Transfer ownership to others, including family members, if needed.
Ownership of a Single Owner Company in the UAE
In Dubai, only UAE nationals or GCC citizens can own a Single Owner Company. Additionally, a corporate entity wholly owned by a UAE resident can also hold the license on behalf of an individual.
If you hold the license for a One-Person LLC, you are the sole shareholder of the company. You also have the flexibility to appoint a manager—either yourself or someone else—who will manage day-to-day operations. However, managers are limited to a maximum of 11 people.
What Does It Cost to Set Up a Single Owner Company in Dubai?
Costs to establish a Single Owner Company in Dubai range between AED 10,000 and AED 30,000, depending on the type of business and office space requirements. Other factors, such as government fees, vary depending on your specific needs.
At Crosslink International, we offer free consultations to help you understand the latest rates and provide you with a customized quote based on your business type.
How to Choose a Commercial Name for Your Single Owner Company
When selecting a business name for your Single Owner Company, adhere to these regulations set by the Department of Economic Development (DED):
- Include the shareholder’s name and business activity.
- Add “LLC” at the end of the name.
- If the name doesn’t include the shareholder’s name, use “owned by” in the description.
Required Documents for Starting Your Single Owner Company
To establish your Single Owner Company in Dubai, you’ll need the following documents:
- A notarized copy of your passport
- Proof of residency
- Personal details of the owner
- The Memorandum of Association (authenticated by a notary public)
- Proposed company name and activity
Get Started with Crosslink International
When starting your Single Owner Company in the UAE, it’s essential to partner with an experienced consultancy like Crosslink International. We can help you navigate the entire process, from business setup to obtaining necessary permits and licenses.
As the leading business setup consultant in Dubai, we have assisted over 4,000 clients since 2014. Our expertise ensures you get your business up and running with minimal hassle.
Why Choose Crosslink International?
- Expert Guidance: Our experienced consultants offer clear and timely assistance tailored to your needs.
- Comprehensive Services: From business setup to tax preparation, legal support, and HR management, we cover all your business needs.
- Ongoing Support: When you partner with us, you become part of a community of successful entrepreneurs.
Get Your Business Established Today
Contact us for a free consultation and learn how you can start your Single Owner Company in the UAE. We’ll guide you through every step of the process and ensure you’re ready for success.
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