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Commercial Companies
One-Person Company (OPC)
One-Person Company (OPC) Services in Abu Dhabi
The One-Person Company (OPC) is a type of business entity available in the United Arab Emirates. This company is considered a form of personal business and is founded and owned by a single individual known as the sole proprietor.
Features of One-Person Company (OPC)
Individual Ownership
The sole proprietor is the only individual responsible for establishing and operating the company and owns all its assets while bearing all its obligations.
Personal Liability
The sole proprietor is personally liable for the company’s debts without limitation, and their personal assets may be used to cover business obligations if necessary.
Simplicity and Flexibility
The One-Person Company (OPC) is characterized by its simple management and decision-making processes, allowing the sole proprietor to determine the company’s goals and policies according to their needs.
Confidentiality and Privacy
The One-Person Company (OPC) is treated as a personal matter and is not subject to public disclosure of its business information.
Independence from Shareholder Withdrawals
The company is owned by the individual founder, and the withdrawal or death of other shareholders does not affect its continuity.
At Abeer Al-Dahmani Advocates & Legal Consultancy, we provide the necessary legal support for the establishment and management of One-Person Companies (OPCs). We assist our clients in understanding the requirements for setting up this type of company and complying with the applicable laws and regulations in the United Arab Emirates.
Our aim is to provide individual proprietors with the legal advice needed to safeguard their rights and mitigate potential business risks, ensuring success and stability in their individual business endeavors.
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FAQ
One-Person Company (OPC) Services Frequently Asked Questions
What is a One-Person Company (OPC) and what is its nature?
A One-Person Company (OPC) is a type of business entity where the ownership is vested in a single individual. The sole proprietorship model allows one person to own and operate the company, with limited liability for its debts.
What are the advantages provided by a One-Person Company (OPC)?
One-Person Company (OPC) offers several advantages, such as ease of establishment and management. With a single owner, decision-making processes are streamlined, enabling quicker responses to business needs.
Can a One-Person Company (OPC) be a shareholder in other companies?
Yes, a One-Person Company (OPC) can hold shares in other companies or invest in them. However, compliance with relevant laws and regulations pertaining to shareholding must be followed.
Does the sole proprietor of a One-Person Company (OPC) bear personal liability for the company's debts?
No, the sole proprietor of a One-Person Company (OPC) enjoys limited liability, ensuring that their personal assets are not at risk beyond the extent of their investment in the company.
What are the initial steps to establish a One-Person Company (OPC)?
The initial steps to establish a One-Person Company (OPC) may vary depending on the country and local regulations. Typically, they involve selecting the company structure, choosing a name, providing the required capital, and submitting the necessary documents for official registration and approval.
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