Abu dhabi llc formation- Plus UAE
Abu Dhabi LLC (Limited Liability Company) formation is the process of establishing a business entity in Abu Dhabi with a legal structure that limits the owners' liability. This type of company structure is common in the UAE and is popular among foreign investors who want to do business in Abu Dhabi.
To form an Abu Dhabi LLC, the owners must have at least two shareholders and a maximum of fifty shareholders. At least 51% of the shares must be held by a UAE national or a company wholly owned by UAE nationals, while the remaining 49% can be owned by foreign investors.
The LLC formation process involves several steps, including choosing a company name, obtaining necessary approvals from the relevant authorities, drafting and notarizing the LLC's Memorandum and Articles of Association, and obtaining the necessary licenses and permits.
Once the LLC is registered, it can operate as a separate legal entity, and the shareholders are not personally liable for the company's debts and obligations beyond their investment in the company.
LLCs in Abu Dhabi are subject to UAE's laws and regulations, including those related to taxes, employment, and immigration. They must also follow the guidelines and regulations set by the Abu Dhabi authorities.
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