Complete Guide on Setting Up New Business in Abu Dhabi UAE
When looking to start a business in the UAE, entrepreneurs often feel attracted to Dubai for the first time. However, it is only one of several prosperous emirates ready and waiting to welcome investors worldwide.
When looking to start a business in the UAE, entrepreneurs often feel attracted to Dubai for the first time. However, it is only one of several prosperous emirates ready and waiting to welcome investors worldwide.
With its tax rate of 0%, strategic central location, world-class infrastructure, and encouraging the business environment, it is the ideal base for companies of all sizes in various industries.
And that's not all. When configuring the help of an expert in trusting, starting a business, starting a business in Abu Dhabi is fast, affordable, and straightforward.
Benefits of Starting Business in Abu Dhabi
Abu Dhabi is among the fastest-growing economies globally, which represents around 65% of the total economic production of the UAE. As part of the UAE, it has a central location in the heart of Asia and Europe and direct trade links with Africa and America.
The Government of Abu Dhabi is focused on the business and provides a wide range of support measures that facilitate the initiation and growth of your company. The avant-garde shipping infrastructure of Emirate makes travel and commerce simple, while their time zone overlaps with all corners of the business world.
Outside the world of business, Abu Dhabi took first place in the 1st in the Crimes Index of the City of No. 2020 and was described as the second-best city to live in the Index of Main Cities Ipsos. Abu Dhabi also supports several accessible areas and industrial areas, such as Abu Dhabi Airport Business City and Khalifa Industrial Zone Abu Dhabi.
It allows companies to exemptions for customs taxes, Freedom of currencies, and repatriation of capital and profits. Free companies can also be 100% owned by foreign investors in most sectors.
Different Types of Jurisdiction You Can Start in Abu Dhabi
Two main types of companies that you can start in Abu Dhabi are Freezone and mainland companies.
Mainland companies can configure anywhere in Abu Dhabi. They are also allowed to trade with the local market without the assistance of a local agent.
The companies configured in the Free Zones of Abu Dhabi have the privilege of applying and obtaining a special license. It will allow companies to trade in Continental and use it for government offerings, etc., without the requirement of a local Sponsor.
There are several types of businesses within these categories, including unique owners, civil companies, limited liability companies (LLC), and branches of existing companies.
Process To Start Business in Abu Dhabi
There are several steps to follow before requesting your business license in Abu Dhabi. While no step is particularly complex by itself, each one requires a knowledge of the business incorporation process and, therefore, is best carried out with the assistance of an expert in the company's training.
Choose Business Activity
There are several steps to follow before requesting your business license in Abu Dhabi. While no step is particularly complex by itself, each one requires a knowledge of the business incorporation process and, therefore, is best carried out with the assistance of an expert in the company's training.
Decide Trade Name
A vital step for starting a new business in UAE is selecting and finalizing a trading name for your business.
In summary, the names of the UAE company should not contain any profane or offensive language, any reference to known institutions, or any abbreviation of its name, although its full name is acceptable.
Its name must also have a legal entity attached to him as a free or LLC. It should also be related to your commercial activity; it does not look like the name of any other company and be available to register.
Apply For Trade License
We are now arriving at the most crucial step - apply for your business license.
You should usually submit multiple documents with your application form, including:
1. A copy of your passport - and that of other shareholders
Your business plan
2. A copy of your signature
3. An objection certificate (NOC) of your current employer (if applicable)
4. A company training expert can help you with this step and handle the entire application process on your behalf.
Apply For Visa
Finally, you will need a residence visa to work in Abu Dhabi and through the water.
This process involves four steps, including a physical medical condition and biometric capture.
As a holder of a commercial water license, you can also sponsor other people such as children, spouses, or domestic staff for their visas, allowing you to meet the eligibility criteria.
Conclusion
It is wise to set up the business using the above steps. You can also take the help of a company to set up a consultant training agent to eliminate potential hassles that may occur.