WLL Abbreviation

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Popular abbreviations of WLL:

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What does WLL mean?

WLL stands for With Limited Liability. It refers to businesses in which the liability of investors is restricted to the amount invested. It, also known as a Limited Liability Company, is a popular business structure for foreign investors in Bahrain. It allows for full foreign ownership of most business activities. A WLL Company is a legal business entity composed of two or more,

• shareholders
• partners
• investors

They are solely liable for the company’s debts and liabilities to the extent of their shareholding in the capital. They are not permitted to issue public shares, negotiable warrants, or debentures.

“WLL” is generally used in Bahrain, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates.

What are the advantages of WLL?

The advantages of a WLL are:

• The company can sell an unlimited number of goods and services.
• The WLL corporation is recognized as a local business and frequently participates in government and commercial bids.
• The WLL firm will not be liable to withhold taxes.
• There is no requirement for a local sponsor, implying that foreign ownership might be 100 percent.
• It is necessary to have at least two directors and two stockholders.
• A WLL may not conduct banking or insurance operations or invest funds on behalf of third parties.
• Annual audited financial accounts must be submitted by a WLL.

Why should you set up a WLL?

For both local and foreign investors, it offers several advantages to launching a business. An investor wanting to invest in a foreign nation should take advantage of this chance and set up a shop. It takes skilled personnel who can cut through the paperwork to create a small business rapidly.