Business Setup in Abu Dhabi
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WHY ABU DHABI FOR?
Advantages of business setup in Abu Dhabi
Process involved for business setup in Abu Dhabi:
How to Get a Business License in Abu Dhabi
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Company formation in Abu Dhabi Mainland
When you set up a business on the mainland of Abu Dhabi, you will have a number of options to choose from. However, one thing that is required across the board is a local sponsor. This is a requirement under UAE Company Law, requiring that 51% of shares be owned by a UAE national.
Company Formation in Abu Dhabi Free zone
Abu Dhabi is the largest emirate in the United Arab Emirates, which offers several prominent Free Zones for business. Economic stability, 100% ownership, tax incentives, and healthcare policies are just a few of several reasons why business setup is so popular in this location. The city is known for its luxury and attracts both entrepreneurs and tourists from around the world. Setting up a company in Abu Dhabi Free Zone requires some paperwork, but it can be done quickly if you enlist Legal House’s help.
Free Zone business setup in Abu Dhabi has numerous advantages. Entrepreneurs are exempt from certain government regulations, such as customs duties and income tax. The Free Zones are independent jurisdictions that can be fully owned without having to partner with a UAE national to serve as a local sponsor. The Abu Dhabi Free Zone Authority (FZA) issues Free Zone licenses and registration.
Abu Dhabi Free Zones:
Eight Free Zones have been established in Abu Dhabi to boost the economy, promote foreign investment and drive growth. Companies can register in the Abu Dhabi Free Zone even from outside the country. Three of these zones are particularly popular with investors:
• Twofour54 Free Zone
• Masdar City Free Zone
• Kizad Free Zone Abu Dhabi
The cost of setting up a business in Abu Dhabi is:
As per the government, the business setup cost in Abu Dhabi has been reduced to AED 1,000 (from AED 15,500). The new fee structure was announced in July 2014. This is a 94% reduction from the previous amount. The cost to set up a business varies according to factors like location and legal entity.
Documents required to get Abu Dhabi License are:
The following are the necessary documents required to get Abu Dhabi license.
- Memorandum of Association
- Trade name registration copy
- Tenancy contract copy
- Bank authentication letter
- No objection letter from the local sponsor
- Passport copy and resident permit
- Business plan copy
After you submit the required documents to the legal authorities, they will inspect them thoroughly. Once approved, you will receive a business license fee voucher. You must pay the fee and then obtain your Abu Dhabi Business License. The business consultant and legal experts at legal house will help you acquire your business license in Abu Dhabi. Our service is affordable, and we can assist you with the paperwork needed to obtain a business license within a few days.
Required For company Setup
Business plan sheet and legal Entity
Abu Dhabi , UAE
MOA, POA , Ejari
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Frequently Asked Questions
The legal requirements for setting up a business in Abu Dhabi vary depending on the type of business structure and the activity of the business. Generally, businesses in Abu Dhabi must be registered with the Abu Dhabi Department of Economic Development (DED), obtain necessary licenses and permits, and comply with local laws and regulations.
The different types of business structures available in Abu Dhabi include sole proprietorship, partnership, limited liability company (LLC), and branch or representative office of a foreign company. The most common business structure for foreign investors is an LLC.
The costs associated with setting up a business in Abu Dhabi vary depending on the type of business structure and the activity of the business. Costs may include fees for registration, licenses, permits, visas, and legal services. It is important to consult with a legal or financial advisor to understand the specific costs associated with setting up a business in Abu Dhabi.
It is possible for a foreign investor to own 100% of a business in Abu Dhabi in certain sectors, such as technology and renewable energy. In other sectors, such as oil and gas, certain restrictions may apply. It is important to consult with a legal advisor to understand the specific requirements and restrictions for foreign investment in Abu Dhabi.
A local sponsor is a UAE national or a company wholly owned by UAE nationals who acts as a sponsor for a foreign investor in setting up a business in Abu Dhabi. The local sponsor must hold at least 51% of the shares in the business and can provide assistance with obtaining necessary approvals and licenses. It is important to work with a reputable and tmstworthy local sponsor like us.i.
Business registered in Abu Dhabi can operate in other emirates or countries, but may require additional approvals and licenses depending on the activity and jurisdiction.
Common challenges faced by businesses in Abu Dhabi include navigating complex regulatory and legal requirements, finding qualified and skilled employees, and managing costs and competition