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Abu Dhabi allows its citizens and residents of Gulf Cooperation Council (GCC) nations to establish single trade firms in the Emirate. These firms are called sole proprietorships as they are owned by a single person who holds a valid trade license in their own name. Therefore, the owner is solely responsible for all of the entity's financial duties and liabilities. Unlike a Limited Liability Company (LLC) which requires at least 51% of shares registered to a UAE sponsor, a sole proprietorship LLC Abu Dhabi allows its foreign owner to own 100% shares of the company. Need assistance with setting up a business in the UAE? Connect with Shuraa Business Setup.
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