If you have the workable business plan and want to start in the world’s growing market than Abu Dhabi is the right place to establish. If you are planning to start a business in Emirates or opening branch of a company outside the country, procedures are flexible.
In most cases, only a few days are required to complete the procedure. To do company set up in Abu Dhabi, you should firstly understand legal and practical requirements so there is less risk and you also have to know about their culture and especially laws and procedures. Company setup in Dubai is another choice for business owners giving them one good option.
When you think of a company set up in Abu Dhabi, you have to decide whether to set up on the mainland or in a free zone. Same for business setup in Abu Dhabi.
To do company setup in Abu Dhabi or company setup in Dubai, here are some key steps to follow:
To set up the company in Abu Dhabi or Dubai involves six steps, these should be followed by every person.
The first step is to obtain the license, exact nature of business should be identified. The rules, conditions, everything plus fees is different for every business, based on type and nature of it.
Legal forms to fill:
There are several legal forms that are appropriate for the nature of the business, such as establishment, Liability Company. To each legal form and type of ownership different rules and regulation are applied.
Trade name registration is also a step to follow. After selecting the activity and legal forms of business, a trade name which is different from other companies should be selected.
The initial approval enables the investor to proceed with formalities of business license, and approach authority to get approval for the required business activity. For the foreign investor (GDRFA) is compulsory. The owner can visit DED and relevant authorities to see if the site meets the conditions which are suitable for the activity type you have chosen.
Approvals from applicable authority:
After getting initial approval which designates that investor can now approach relevant authority, he can visit to have approval and fulfill requirements.
After having approval from relevant authority, the investor can go to the department of economic development, fulfill basic requirements and pay for starting business license.
The license is issued by many authorities in Abu Dhabi including vocational license, agriculture license, professional license, tourism license and industrial license.
Membership of chamber:
There is law in Abu Dhabi that requires all national and foreigners those engaged in any activity such as vocational, industrial, whether they are individual or companies should be the member of Abu Dhabi Chamber.
Free Zone Abu Dhabi:
Free Zone allows the entrepreneur to own company wholly. There no requirements of partner. Local business in Abu Dhabi has restriction, so free zone deals on international business trade. Free zones issue license for commercial trading, consultancy, and branch of any foreign company.
These steps you should follow for company setup in Abu Dhabi or company setup in Abu Dhabi. Rules and regulations are very strict in these areas; everyone has to follow it. Without following them or any mistake in it can be a reason for not issuing your business license.