Company Formation in Abu Dhabi

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LLC Company Formation in Abu Dhabi

Guide to LLC Company Formation in Abu Dhabi

LLC Company Formation in Abu Dhabi with 100% Ownership. Abu Dhabi, the capital of the UAE, is a prime location for businesses due to its strategic location, stable economy, and investor-friendly policies. Here’s a detailed guide to starting a company in Abu Dhabi:

Types of Business Licenses in Abu Dhabi

  1. Commercial License: For trading activities (import/export, retail, etc.).
  2. Industrial License: For manufacturing and industrial activities.
  3. Professional License: For service-based activities (consulting, IT, healthcare, etc.).
  4. Tourism License: For travel agencies, hotels, and other tourism-related businesses.

Key Benefits of LLC Company Formation in Abu Dhabi

  1. Strategic Location: Proximity to global markets in Europe, Asia, and Africa.
  2. Diverse Economy: Opportunities across oil, gas, real estate, tourism, technology, and more.
  3. Tax Benefits: No corporate or personal income tax, and the UAE’s corporate tax (9%) applies only above AED 375,000 in profit.
  4. Ease of Doing Business: Modern infrastructure and government initiatives simplify processes.
  5. Free Zone Advantages: 100% foreign ownership and tax exemptions in designated zones.

Steps to Set Up LLC Company Formation in Abu Dhabi

1. Determine the Business Activity

  • Decide the nature of your business to identify the appropriate license and legal structure.

2. Choose the Legal Structure

  • Common structures include:
    • Limited Liability Company (LLC): Requires a local partner if outside a free zone.
    • Sole Proprietorship: Full ownership for UAE nationals or GCC citizens.
    • Branch Office: For foreign companies wanting a UAE presence.

3. Select the Location

  • Mainland: Access to the local market but requires a UAE national as a local service agent or partner.
  • Free Zones: Full ownership with tax benefits (e.g., Abu Dhabi Global Market, Khalifa Industrial Zone Abu Dhabi).

4. Register the Trade Name

  • Choose a unique and relevant trade name. Ensure it adheres to UAE naming guidelines.

5. Obtain Initial Approval

  • Apply to the Department of Economic Development (DED) for approval to proceed with the company setup.

6. Draft and Notarize Legal Documents

  • For LLCs: Draft a Memorandum of Association (MoA) and notarize it.
  • For Free Zone Companies: Submit Articles of Association and other required documents.

7. Secure Office Space

  • Lease an office in the mainland or free zone. A tenancy agreement may be required.

8. Obtain Necessary Approvals

  • Some businesses require additional approvals from regulatory authorities (e.g., healthcare, education).

9. Pay the Fees

  • Pay the required license, registration, and service fees.

10. Receive the Business License

  • Once all steps are completed, your business license is issued, and you can officially operate.