You can Start Conversation on WhatsApp   Start Conversation with Reganantconsultancy on WhatsApp  +971528678740

Limited Liability Company (LLC) in Abu Dhabi - ChoiceUAE.com


Limited Liability Company - Abu Dhabi

LLC company in Abu Dhabi

Abu Dhabhi is the capital city of the UAE; the city ranks itself as one of the richest city in the world. With an area of 67340 Sq. KM Abu Dhabi is the largest of the Seven Emirates and is second most populous city in the UAE. Having a population of above 9 lacs the city occupies above 86% of the total land area of the nation. The capital city contributes over 55% of the total GDP of the emirates.

Being one of the biggest producers of Oil and Natural Gas, Abu Dhabi has been majorly dependent on Oil exports.

Traditionally the only source of revenue was Oil but in recent times it has branched itself in various other businesses and successfully established itself in fields of Finance, Investments and Real estate, off lately the government has focused on tourism sector.

Following are the most frequent places in the city:
• Sheikh Zayed Mosque
• Yas Links Golf Course
• Sheikh Zayed Palace Museum (Al Ain)
• Arabian Wildlife Park
• Ferrari World (Indoor Theme Park)
• Emirates Palace
• Yas Marina F1 track

If Dubai is the ultimate destination for commercial purpose, Abu Dhabi is the first preference for a Head Quarters due to the corporate setup and massive infrastructure.

A stable economy, strong currency and an investor encouraging environment makes it ideal for the major business houses to be anchored here. Banking on the success of its neighbouring emirate ‘The Dubai’, Abu Dhabi has chosen its projects wisely, it has also planned an ‘Economic Vision 2030’ wherein it intends to increase its revenue from non oil based sector and necessary planning has already being initiated.

Establishing a Limited Liability Company in the Emirate of Abu Dhabi

The registration procedures consist of numerous phases described as below:

Initial approval from Department of Economic Development, Abu Dhabi [DED]

The first and foremost step is to obtain a necessary trade name approval and submit the Registration & Licensing Application Form [duly completed and signed by all partners] with DED, Abu Dhabi for obtaining their initial activity approval for the LLC along with the following documents:
• Passport and family book copy of the UAE national partner
• Passport copy of the expatriate partner.
• NOC for the expatriate partner (in case he has an existing UAE residence visa)
• Passport copy of the expatriate manager [in case different from the partner]
• NOC from the sponsor for the manager [in case he has an existing UAE residence visa]
• If a company will be the 49% partner in the LLC, then corporate documents would be required including Memorandum & Articles of Association, Certificate of Incorporation, Share Certificate and a Board Resolution resolving to set up business operations in Abu Dhabi and for appointment of the representative and power of attorney for signing the documents on behalf of the company
• Passport copy of the representative of the Company.

Note:
Corporate documents listed above including Memorandum of Association, certificate of Incorporation, Board resolution and Power of Attorney of the corporate entity need to be notarized and attested by the UAE Embassy in the country of origin. These documents will further need to be attested by the Ministry of Foreign Affairs, Abu Dhabi. All corporate documents should be duly translated into Arabic and attested by the Ministry of Justice in Abu Dhabi.

Notarisation of Memorandum of Association
Subsequent to the initial trade name and activity approval from DED one would need to prepare and notarize the Memorandum of Association. It is pertinent to note that all the partners or representatives of partners should be present before a Notary Public, Abu Dhabi to sign such Memorandum.

Obtaining a tenancy contract
Once the initial trade name and activity approval from DED is obtained, you can simultaneously locate an appropriate commercial premise for carrying out the activity. It is always advisable to obtain a preliminary approval from the Planning Section before signing the tenancy contract and making the payments Furthermore, all lease agreement should be registered with EJARI under Real Estate Regulatory Authority (RERA). Typically the registration with EJARI is processed by the landlord at the time of signing the tenancy contract.

Submission to DED for obtaining license
Thereafter, the business premises are inspected, if relevant. Subsequently, the following papers along with the documents mentioned for activity approval, needs to be submitted to DED, Abu Dhabi:

• Approved Registration & Licensing Application Form
• Initial trade name and activity approval provided by the DED
• Notarised Memorandum of Association of the LLC
• Copy of the tenancy contract, Affection Plan, DEWA receipt for the office premises and EJARI Registration

Once all documents and papers are accepted and verified, the DED will issue the payment voucher for obtaining the commercial license for the LLC.

Set up costs

The cost for setting up a LLC in the Emirate of Abu Dhabi is mentioned in Annexure A.

Time Frame for formation of the LLC
We estimate a time frame of about 10 to 12 working days from the date of receiving the relevant documents to complete the entire process and obtain the license for the LLC.

Fill Your Instant Callback Details


Contact Details * :