Thursday, 4 October 2018

What Are The Legal Requirements For The Establishment Of A Company In Abu Dhabi?

Establishing a company in Abu Dhabi is just like a dream come true. If you are also living up your dream then make sure you are walking as per the laws of UAE. As we all are very much aware of the seriousness of the business laws here so to help you here are the details. 
establishment company in Abu Dhabi
Establishment Company in Abu Dhabi : Alpha
Let us discuss about the legal requirements for Establishment Company in Abu Dhabi;

Local Sponsor:

In UAE, it is a mandatory requirement for any foreign business set up to appoint a local sponsor. A local sponsor will help you in commercial dealing in the market of UAE and will result in 100% tax-free and 100% repatriation of profits. Plus the local sponsor is paid either a fixed fee or a part of the profit.

Legal Documents:

The below-listed documents are required with regard to the Parents’ establishment company in Abu Dhabi.
  • Certificate of incorporation (registration)
  • Memorandum of Association
  • Article of Association
  • Board resolution – In order to open a foreign branch in Abu Dhabi
  • Undertaking letter – this letter specifies that the parent's company undertakes the complete guarantee with regard to the financial commitment.
  • Power of attorney – In this document, the signature rights are given to the General Manager of the respective company or establishment.
All these documents require certification and legalisation. 

Certified and legalisations:

Once the documents are ready, the next step is to get these certified then only it will come out on workable front. For this follow the mentioned procedure – with regard to Establishment Company in Abu Dhabi.
  • Notary public of the origin – certification of the documents
  • Ministry of Foreign affairs of the origin – legalisation of the documents
  • UAE Embassy of the origin - legalisation of the documents

Other things:

Now you are not done yet as there are other documents that are also required but without certification and legalisation.
  • General Manager’ passport copy
  • Abu Dhabi auditor’s appointment letter
  • Identification documents of national service agents
For companies where 51% share is being held by the individual or local sponsors - the above lists of documents are required along with the following additional documents
  • Passport copy
  • Visa copy (with last entry date) along with cancelled visa page if any
  • Non-objection certificate issued by the current employer
So, now you ready with all the necessary documents. In case you are a little bit anxious about the legal procedure and requirements then approach the renowned legal firm for help. 
For more information Alpha T.F in UAE.

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