Regarding business structures in Dubai, two standard options are a Limited Liability Company (LLC) and a Limited Liability Partnership (LLP). While both offer limited liability protection, they have distinct characteristics:

• LLC:
  • Sole ownership or multiple shareholders
  • Requires a minimum of three shareholders if owned by individuals
  • More flexible in terms of profit distribution and management
  • Can engage in a broader range of activities
• LLP:
  • Partnership structure with at least two partners
  • Partners have limited liability for each other’s debts and liabilities
  • Suitable for professionals like lawyers, doctors, and accountants
  • Typically used for service-based businesses

The best choice for your business depends on factors such as ownership structure, nature of activities, and desired level of control. Consulting with a legal professional can help you make an informed decision tailored to your needs.

Learn about LLC in Dubai, it’s benefits, process of setting up an LLC in Dubai and more