LLC Company Setup in Abu Dhabi
Limited Liability Company (LLC) is one of the most widely recognized incorporate commercial entities that business people as well as corporations can build up in the UAE. With a fast and simple procedure and a wide scope of business motivations, Business people favor LLCs as well as corporations that need to enter the UAE market and also build up a strong balance in the Middle East region.
The present law on commercial entities in UAE requires limited liability companies to have at least one Emirati partner. Therefore, this implies that the local partner must claim 51% of the shares and expatriate will claim 49% of the shares in the LLC.
Required documents for LLC Company Set up in Abu Dhabi
- Brief project description
- 5 Proposed name for the company
- Office tenancy contract (Attested by the RERA /Land Department)
- Passport copy of shareholder (s)
- Passport-size photo of shareholder (with a white background)
- Visa page or UAE entry stamp page of the proposed shareholder (s)
- Shareholder (s) background (CV)
- No objection certificate (NOC) from the current sponsor if the shareholder or manager is working in the UAE
- POA in our favor (optional)
- UAE nationals passport copy/Emirates ID copy and also a Family Book
Advantages of LLC Company in Abu Dhabi
- No local corporate tax.
- Complete repatriation of capital funds as well as profits.
- No particular least amount required for capital investment.
- The investor will get a UAE residence visa.
- The company can set up several offices.
- Investors can gain a UAE residence visa for the family.
- Open worldwide and also corporate banks effectively.
How MSZ will assist you
We will use our full ability and experience to deal with every single required document to set up your LLC Company in Abu Dhabi. At MSZ Consultancy, we provide you with fair answers, straightforwardness, reliability, and also viable timelines, so you are completely updated.
For further information call us +971 52 544 1248 or email us at info@mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Dubai Influencer Licenses: Everything You Need to Know to Get Started
You will need to know the steps to secure a social media influencer licnes
Dubai Businesses Embrace Crypto as a Payment System
In February, Law No. 4 of 2022 was enacted, regulating the use of virtual assets in the Emirate. This law works to begin the lengthy process of establishing a legal framework for handling virtual tender, including cryptocurrency and non-fungible tokens, or NFTs. Part...
Everything You Need to Know About Abu Dhabi Dual License Initiative
In 2018, Abu Dhabi’s Department of Economic Development, or ADDED, set forth plans for the initial phase of what is now referred to as the dual license program. This plan aims to ease the difficulties of conducting business in the region and promote overall economic...
Visa Reforms in the UAE Are Set to Drive Foreign Direct Investments
The UAE has long been a promising business destination for foreign investors and entrepreneurs. With progressive laws and regulations that promote a business-friendly economy, it's no surprise that people from all over the world travel to the region to take advantage...
How to Create a Winning Culture for Your Business Startup
Planning to Start a Business in Dubai? Make Sure to Get Your Company Culture Right! Creating the right company culture from the get-go will give your startup a much better chance of success in Dubai and in the UAE – and anywhere else, for that matter. And it’s MUCH...
Guide to Buying a Ready-Made Offshore Company in Dubai
Are you an investor looking to form a business in Dubai's offshore? You're not alone! Many business owners and entrepreneurs travel to the UAE to take advantage of the region's growing business potential. And while company setup in Dubai is built to be a...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news