logo

Business Structure in Abu Dhabi Name of the University Author Note

12 Pages2307 Words372 Views
   

Added on  2020-05-28

About This Document

Introduction: 3 Discussion: 3 Branch of a UAE- Based Company better than the other prevailing options: 3 Other forms of company creation would not be permissible to legal entities: 4 Legal and government procedures along with DED in opening a business in UAE: 5 Conclusion: 7 References: 9 Introduction: For the purpose of determination of best business structure in Abu Dhabi the selection of a least expensive and simple legal form of company has been introduced. A branch office can be regarded as an extension of an

Business Structure in Abu Dhabi Name of the University Author Note

   Added on 2020-05-28

ShareRelated Documents
Running head: BUSINESS STRUCTURE IN ABU DHABIBusiness Structure in Abu DhabiName of the StudentName of the UniversityAuthor Note
Business Structure in Abu Dhabi Name of the University Author Note_1
1BUSINESS STRUCTURE IN ABU DHABIExecutive Summary:The report from the very beginning intends to provide a brief idea about the formation of abusiness in Abu Dhabi. In this regard the report highlights various legal and governmentprocedures along with the importance of the Department of Economics Development (DED) inthe formation of a new business in Abu Dhabi. In this context it has been described that in thepresence of various other forms of business entities why a business involving a Branch of a UAEbased company is best suited for a country like Abu Dhabi.
Business Structure in Abu Dhabi Name of the University Author Note_2
2BUSINESS STRUCTURE IN ABU DHABITable of ContentsIntroduction:..................................................................................................................................3Discussion:......................................................................................................................................3Branch of a UAE- Based Company better than the other prevailing options:....................3Other forms of company creation would not be permissible to legal entities:.....................4Legal and government procedures along with DED in opening a business in UAE:...........5Conclusion:.....................................................................................................................................7References:.....................................................................................................................................9
Business Structure in Abu Dhabi Name of the University Author Note_3
3BUSINESS STRUCTURE IN ABU DHABIIntroduction:For the purpose of determination of best business structure in Abu Dhabi the selection ofa least expensive and simple legal form of company has been introduced. In this regard for thepurpose of this report a business which carries on its activities through a branch office has beenselected. A branch office can be regarded as an extension of an international parent companywhich conducts business under its name and therefore it has been regarded as the best form oflegal company that can be created in Abu Dhabi (Aljifri et al. 2014). In this regard it isnoteworthy to mention here that an office is not allowed to import and export goods and servicesin its own name however other business affairs can be conducted within an established purview.In order to carry on such operations special licenses might be needed to be obtained from theMinistry of Economy (Desislava and Keith 2016). In case of establishment of a UAE- basedbranch office UAE national is required to be appointed as a service agent for such branch.Therefore according to the given question, in order to create a business advising company whichrequires physical presence and one hired staff member; the Branch of a UAE- based Company isconsidered to be the right choice. Discussion:Branch of a UAE- Based Company better than the other prevailing options:The provisions of Article 5 of the Commercial Companies Law No. (8) Of 1984categorizes the legal forms of companies as Limited Liability Company, Simple LimitedPartnership, Joint Participation or Venture, Private Joint Stock Company, Partnership CompanyLimited with Shares, Branch of a UAE- Based Company and Public Joint Stock Company(Desislava and Keith 2016). In this regard it can be stated that a branch of a UAE- based
Business Structure in Abu Dhabi Name of the University Author Note_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
BUSINESS IN ABU DHABI 4 Business In Abu Dhabi Name of the Student Name of the University Author Note
|12
|2508
|138

Report on Smal Business in Abi Dhabi
|11
|2264
|35

Mindful Execution and Relevant
|5
|590
|11

Introduction to Finance - PDF
|6
|1183
|61

Difference Between Civil Law Statute and Common Law
|7
|2089
|18

Legal Environment and Regulation
|6
|1354
|73