Report on Business in Abu Dhabi

Added on - 28 May 2020

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Running head: BUSINESS IN ABU DHABIBusiness in Abu DhabiName of the StudentName of the UniversityAuthor Note
1BUSINESS IN ABU DHABIExecutive Summary:The intention of this report is to provide a brief idea about the formation of a business in AbuDhabi. In this regard the legal and government procedures have been briefly emphasized alongwith the importance of the Department of Economics Development (DED) in the creation of anew business. However in this context it has been emphasized that in the prevalence of variousother forms of business entities why a business involving a Limited Liability Company is bestsuited for the country. In this regard the report is commissioned to examine the traditionalrequirements that can be applied while creating a business in Abu Dhabi.
2BUSINESS IN ABU DHABITable of ContentsIntroduction:..................................................................................................................................3Discussion:......................................................................................................................................3Limited Liability 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:..........5Name of the Company:..........................................................................................................6Registration:...........................................................................................................................6Issuance of Commercial License:.........................................................................................7Conclusion:.....................................................................................................................................8References:.....................................................................................................................................9
3BUSINESS IN ABU DHABIIntroduction:In order to determine best business structure in Abu Dhabi for the purpose of creating abusiness in Abu Dhabi a least expensive and simple legal form of company has to be selected. Inthis regard for the purpose of this report a limited liability company has been selected which isthe best legal form of company that can be created in Abu Dhabi. A limited liability companycomprises of two to fifty shareholders and each of the shareholders is accountable to the extentof their shares in the organization (Desislava and Keith 2016).In this regard it is noteworthy tomention that a limited liability company can be established with multiple shareholders.In thepresent case study it is required that in order to create a computer repair company with a homedelivery service along with three friends the best option is a Limited Liability Company.Discussion:Limited Liability Company better than the other prevailing options:In recent trends limited liability companies has been considered as best option nattracting small businesses however such businesses can have several owners (Aljifriet al.2014). In UAE other types of business entities exists for instance sole proprietorship business,limited partnership business, non-profit corporation and general partnership business (French2014).In case of the companies mentioned above the owners are personally accountable for thedebts of the company. Therefore according to the case study it is noteworthy to mention here thatthough 300,000 AED has been raised; all the shareholders are equally liable for it. If it isrequired to take a personal loan in order to cover 2 million AED, then in such case all theshareholders are liable. In case of a Limited Liability Company all the shareholders are equally
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