A Guide to LLC company formation in Abu Dhabi
Abu Dhabi is not only the capital of the UAE, but also boasts the title of the richest emirate. It is famous for being an investor-friendly haven. This is why, Abu Dhabi has one of the highest numbers of LLC company formation in UAE. Entrepreneurs can also get an LLC license at an affordable cost in Abu Dhabi.
Limited Liability Companies (LLCs) are among the most common categories of corporate commercial entities in the UAE. LLC company formation takes place mostly in UAE mainland and is most popular among entrepreneurs & investors. LLC business setup process in Abu Dhabi is easy & hassle-free, that also allows a wide range of business activities.
Abu Dhabi LLC company formation: Benefits
An Abu Dhabi LLC business setup is the first choice for many entrepreneurs and corporations that want to break through the UAE market and establish their foothold in the GCC & MENA region. Additionally, a Limited Liability Company (LLC) in Abu dhabi allows for 100% foreign ownership for over 1029 business activities.
Benefits of LLC
- No minimum capital investment required
- Easy integration with government entities
- Zero taxation policy on income
- Lower operational cost for business incorporation & renewals
- No restriction on acquiring property or offices
- Ease of trade within & out of UAE
- Easy corporate account setup
- Proportional distribution of profit & losses
- Flexibility of office location and employee visa allocation
Requirements to open an LLC company in Abu Dhabi
The UAE government seeks to provide a conducive environment for business setup in Abu Dhabi. Therefore, as its capital, there are stringent regulations put in place to ensure that businesspeople and entrepreneurs have a stable platform to conduct their commercial activities. Some regulations that entrepreneurs setting up their business in Abu Dhabi need to know are:
- Even though Abu Dhabi allows 100% ownership of business, it is advisable to have a national sponsor for ADNOC related activities.
- It is mandatory to rent office space and recruit employees
- The managerial authority is the operational head of the corporate entity
- Highly regulated activities like insurance, legal consultancy, labour recruitment, etc. still require UAE national partnership
LLC license cost in Abu Dhabi
Abu Dhabi is famous for its cost-effective business setup process in all the United Arab Emirates. An LLC license in Abu Dhabi can cost as low as AED 5,500*, for any business activity including general trading. Based on your office needs and visa requirements, you will incur further costs. Unlike other emirates, Abu Dhabi DED allows corporations to combine multiple business activities.
In accordance with the vision of the Abu Dhabi government, all external government entities support less expensive regulatory systems. The Abu Dhabi government, in its effort to increase foreign investment, offers generous subsidies & discounts for new business registrations.
LLC company formation in Abu Dhabi: Process
Most foreign entities prefer to form an LLC company in Abu Dhabi due to its hassle-free business setup process. LLC company registration in Abu Dhabi has a seamless process that is as follows:
Step 1. Approvals
Every application for new business registration in Abu Dhabi must also go through internal security approval. The Abu Dhabi Department of Economic Development issues the initial approval for the trade name & business activity. If the chosen activity requires further approvals, Shuraa helps you get the permissions from the relevant government authorities.
Step 2. Tenancy contract (Towteekh)
Corporate entities forming LLC company in Abu Dhabi must mandatorily rent office space. The Real Estate Regulatory Agency (RERA) finalises the office tenancy contract & attests it.
Step 3. Memorandum of Association
Get the draft of your MOA ready and then the UAE courts will notarise it.
Step 4. Document submission
It is important to ensure that all your documents are in order before submission to DED Abu Dhabi.
Step 5. Registration
First, the legal department examines the trade name after which it is entered into the Commercial Register. Then, the Memorandum of Association is published in the Ministry of Economy bulletin. Once the fees are paid, the DED Abu Dhabi issues the license. Finally, the company is registered with the Ministry of Labour & Department of Immigration.
Shuraa Business Setup helps you make the right choice
Trust. Assurance. Security. These are the factors that help build good faith among humanity. Shuraa Business Setup offers complete assistance when it comes to Abu Dhabi LLC company formation. Get expert services at the hands of our legal corporate advisors.
The LLC company formation process in Abi Dhabi is easy and can be seamless with the help of renowned business setup experts. In fact, you can get your LLC license in Abu Dhabi within 1 week. Additionally, get exciting benefits like free lifetime residency, bank account assistance, dedicated advisor, and much more. We are available on:
Phone: +971 44081900
WhatsApp: +971 507775554
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