Frequently Asked Questions about Abu Dhabi |
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| Below are some frequently asked questions about Abu Dhabi Company Incorporation: | |||||||||||||||||
| How long does it take to incorporate an Abu Dhabi Company? | |||||||||||||||||
| What is the minimum number of directors/shareholders required for an Abu Dhabi Company? | |||||||||||||||||
| Are there any restrictions on ownership of an Abu Dhabi Company? | |||||||||||||||||
| Does an Abu Dhabi Company require a company Secretary? | |||||||||||||||||
| Is the company’s register available for public viewing? | |||||||||||||||||
| Is an Abu Dhabi Company subject to an annual audit? | |||||||||||||||||
| What are the requirements for setting up a LLC in Abu Dhabi? | |||||||||||||||||
| What are the minimum capital requirements for an Abu Dhabi Company? | |||||||||||||||||
| Are there any restrictions on the business an Abu Dhabi company can purse? | |||||||||||||||||
| What are the tax implications of an Abu Dhabi Company formation? | |||||||||||||||||
| Is there customs tariff when trading with other Gulf countries? | |||||||||||||||||
| How long does it take to incorporate an Abu Dhabi Company? Healy Consultants can legally complete Abu Dhabi Company registration within four weeks. |
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| What is the minimum number of directors/shareholders required for an Abu Dhabi Company? In order to set up an Abu Dhabi LLC, a minimum of 2 shareholders and 1 director is required. However the director does not need to be a resident of Abu Dhabi. |
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| Are there any restrictions on ownership of an Abu Dhabi Company? For a LLC, the foreign investor cannot currently hold more than 49% of the shares. At least one or more UAE nationals must hold 51% of the share capital of the company. However plans are being considered to allow for higher % foreign ownership. |
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| Does an Abu Dhabi Company require a company Secretary? Yes, a Company secretary is required for an Abu Dhabi Company. |
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| Is the company’s register available for public viewing? Yes, the public can view the company’s register at the Abu Dhabi Chamber of Commerce. |
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| Is an Abu Dhabi Company subject to an annual audit? All entities are required to submit annual audited accounts to the UAE authorities. However an Annual return is not required. |
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| What are the requirements for setting up a LLC in Abu Dhabi? Abu Dhabi LLCs need a trade/commercial license (as well as other licenses and registrations) to enable them to carry on business in Abu Dhabi. In addition the company should be registered with the Abu Dhabi Chamber of Commerce and Industry. The minimum required capital should be deposited into a bank account, prior to company incorporation. |
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| What are the minimum capital requirements for an Abu Dhabi Company? The LLC is a popular form of company registration in Abu Dhabi and requires a minimum of two and a maximum of 50 members and minimum capitalization of Dh150,000 (approx US$41,000). |
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| Are there any restrictions on the business an Abu Dhabi company can purse? An LLC is not permitted to carry on the business of insurance, banking or the investment of money for third parties. |
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| What are the tax implications of an Abu Dhabi Company formation? Abu Dhabi Company is not subject to tax. |
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| Is there customs tariff when trading with other Gulf countries? As a legal entity incorporated in a member state of the Gulf Cooperation Council (GCC), an Abu Dhabi LLC is not subject to customs tariffs when trading with other GCC states (Bahrain, Kuwait, Oman, Qatar and Saudi Arabia). |
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| Contact Us | |||||||||||||||||
| For more information on any of our Abu Dhabi corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. | |||||||||||||||||
| Back to Abu Dhabi Company Formation page. | |||||||||||||||||
Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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