LLC Company Formation in Abu Dhabi

Starting a business in Abu Dhabi can take multiple legal forms to include: Limited Liability Company, Branch Office, Representative Trade Office, Professional Service License, Free Zones, and Exclusive Distributor.

LLC Company Formation in Abu Dhabi is the most widely adopted entity for businesses intending to enter the UAE outside a Free Zone.

A minimum of 51 percent of a limited liability company's total shareholding must be retained by a UAE national or a firm entirely owned by UAE nationals.

Business Setup in Abu Dhabi

Step 1: Determine the legal form and activities of the business.

Step 2: Register the trade name and obtain the initial approval.

Step 3: Arrange an office for rent.

Step 4: Apply for a trade license and regulatory approvals.

Step 5: Obtain the DED Trade Licence Abu Dhabi.

Step 6: Register the Business with Labour and Immigration.

Step 7: Open a corporate bank account

Step 8: Employee visas application

Limited Liability Company Formation Abu Dhabi

It may seem really interesting to set up a company in Abu Dhabi mainland, but it's not as easy as it is in the free zones.

That is why individuals need to be very precise, taking measures to form a mainland company in Abu Dhabi while following the business process, in order to prevent any delays.

Before proceeding with the company registration in UAE, everyone concerned should understand about all the legal and administrative processes. It is as essential to carry out these processes as it would be to run a good company.

Before beginning a company in the UAE mainland, there are various steps to be taken. For an insight into these processes, read below.

What is an LLC

The most popular type of business in UAE is Limited Liability Company (LLC). A Limited Liability Company can be founded by a minimum of 2 shareholders and a maximum of 50 shareholders whose liability is restricted to their shares in the business capital.

If you are an expat planning to establish an LLC in UAE, then a local agent is mandatory. 51 % of the business will be owned by the sponsor, hence choosing the right partner is crucial. Local sposors usually act as sleeping partners and will not participate in the operation of your business. They help you deal with various paperwork with ministries and government.

The incredible flexibility it offers is what makes LLC unique and one of the most preferred kinds of business. An LLC company is allowed to trade anywhere in UAE and GCC.

Benefits of an LLC Company Formation in Abu Dhabi

An LLC can perform any type of business activity that does not include insurance, banking and investment. The amount of visas that can be acquired is not restricted. 

An LLC company's shareholders can take advantage of an investor's visa under which they and their family can acquire investor status in the Emirates.

An LLC is exempted from paying the standard 5% customs duty on imported goods. Also, restrictions are not imposed on real estate ownership.

How will PMC Solutions DMCC help in register a company in Abu Dhabi

Preparing the application forms as required by the DED;

Advising with the Business plan strategy;

Drafting of company’s Memorandum of Association;

Trade Name Registration and acquiring Initial Approval;

Assisting you with the visa for investors and employees;

Guiding you with the VAT registration, implementation, and return filing;

Guidance and support for e-channel registration;

Securing required approvals and permissions from various government authorities;

Provide other required value added service like Book Keeping, Auditing.

UAE Commercial Companies Law Changes in Limited Liability Company

Here are the latest regulations concerning the registration of an LLC company in Abu Dhabi, UAE

Shareholder Information :

Articles should list the birth date with the information of the LLC's shareholders. In the previous law, this was not a necessity.

Sole shareholder

The sole shareholder of an LLC may be a individual or a corporate entity. The old law requires at least two shareholders to form an LLC in Abu Dhabi, UAE.

Managers / Directors

More than 5 executives or directors can now be appointed by LLC's in Abu Dhabi. They should also alter the articles according to the increase in governance positions.

Share pledges

Shareholders in companies with limited liability are permitted to pledge their shares. The pledges need to be made by the establishments memorandum and articles of association, and be notarized.

Accounting

A Limited liability company must comply with International Accounting Standards in Abu Dhabi. The old CCL permitted the use of any standard to be used in the past.

For more information on Limited Liability Company (LLC) Formation in Abu Dhabi kindly contact us to arrange for a Free Consultation

Ready to setup a company in Abu Dhabi? Get in touch with PMC Solutions DMCC – Business setup Consultants in Abu Dhabi today, and let us guide you through it.

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