How to Open an LLC in the Emirate of Abu Dhabi
How to Open an LLC in the Emirate
If you’re considering establishing your business in the UAE, the guidelines for opening an LLC in the Emirate of Abu Dhabi are the same. The main differences are the initial start-up costs and provisions for office space and license duration. The best way to open an LLC in Abu Dhabi is to work with an experienced company formation attorney. Below are the steps for setting up an LLC in the Emirate of Dubai.
The first step is to prepare and submit the incorporation documents. This includes the articles of association. These documents must be notarised. The second step is to open a corporate bank account in the Emirate of Abu Dhabi and deposit an initial capital. Once these steps are completed, the LLC must apply for a business license. If it’s a foreign company, it must have at least 51 percent of its shares owned by UAE nationals. The rules for opening an LLC in the Emirate of Abu Dhabi depend on the industry. The UAE is a tax-free jurisdiction, which means the profits generated by your business are tax-free. Further, there are no definite capital requirements for opening an LLC in the Emirate.
In order to open an LLC in the Emirate of Abu Dhabi, you need to obtain an investor visa and obtain investor status in the Emirates. Moreover, an LLC company is exempted from the standard 5% customs duty on imported goods. Furthermore, the LLC is not restricted from owning real estate. To open an LLC in Abu Dhabi, you must have at least two shareholders, but you can also be the sole owner of the company.
LLC Company Setup in Abu Dhabi
How to Open an LLC in the Emirate of Abu Dhabi
When setting up an LLC in the Emirate of Abu Dhabi, you must ensure that you have the minimum share capital of US$37,000. The other essential step for an LLC is appointing a local agent for your branch office. This person will carry out the activities of the parent company and will be the main contact for all the business’s marketing activities. Then, you’re done.
To open an LLC in the Emirate of Abu Dhabi, you must have at least two shareholders. Generally, an LLC must have at least two shareholders. An owner of a corporation cannot have more than 50 percent of the company. In addition, you should also list the name of the owner of the company in your LLC’s articles of incorporation. It is important to note that the articles of incorporation should indicate the birth dates of the shareholders.
When you want to open an LLC in the UAE, you should follow all legal procedures. For example, you should not incorporate a sole company. The LLC should have no more than two shareholders. You should list the names of these shareholders in the articles of incorporation. The articles of incorporation should list the names of the shareholders. An LLC may be owned by an individual, a corporation, or an organization.