- August 20, 2020
- Posted by: DBS Editorial Team
- Category: Business Setup in UAE
Why is it beneficial to start an LLC company in Abu Dhabi?
LLC companies are one of the most preferred forms of company setup in the UAE. Limited Liability Company (LLC) is basically a company where the liability of the shareholders is restricted up to the extent of their share in the business capital. However, it is a separate and distinct legal entity.
This indicates that an UAE LLC company can get Tax Registration Number (TRN), open a bank account and do their business all under the company’s name.
Limited Liability Company in Abu Dhabi are popular amongst businesses of all sizes. This is because it allows them to form a company with multiple shareholders; it can be anywhere between 2 and 50. These shareholders can be either individual or corporate entities or a combination of these two.
Are you planning to set up a business in Abu Dhabi and still considering different options? Then here are the reasons why LLC company formation in Abu Dhabi will be beneficial for you.
Reasons why LLC company formation in Abu Dhabi is beneficial:
Limited Liability Protection
The most significant reasons behind the popularity of LLC company setup in all over the UAE is that it provides complete protection to the entrepreneurs. If in case anything goes wrong and the business gets into trouble, you will not be personally liable as the owner or shareholder. In total, your liability is limited up to the amount that you’ve invested in the business. This protects you from liabilities arising due to any bad debts or court injunctions incurred by the limited company.
Low Start-up Costs
Limited liability company setup is also attractive to first-time entrepreneurs; this is because of the low cost of business set up. Also, there is no need to retain or pay upfront to share capital.
Amazing Tax Benefits
While talking about the different methods of company formation in Abu Dhabi, you just cannot miss out mentioning the incredible tax environment of the UAE. LLC company formation in Abu Dhabi provide an advantageous tax environment and benefits.
Wide-range of Permitted Business Activities
Unlike some other types of company formations, LLC company setup enables you to undertake a broad and extensive range of business activities. Business owners can apply for a license for trading in any of the 2,000 plus activities that are permitted by the Department of Economic Development, ranging from agriculture to finance.
Book A Free Consultation
Forming an LLC company in Abu Dhabi is an effective ways of gaining a foothold in the UAE. You can build your business not just in Abu Dhabi but in the entire UAE. Once your business is established, you can not only trade directly with the local market, but also you can open additional branch offices all over the Emirates for building a greater presence across the mainland.
To know more simply book a free consultation with our business setup advisors in Dubai at DBS Business Setup.
Call us on +97145667485 or WhatsApp +971555813673 to request a call back. For more information send us your enquiry here https://www.dubaibusinessservices.com/contact-us/