The Middle East has become one of the best places to set up a business. There has been a considerable increase in the number of companies coming into the country. Many different types are being set up in the United Arab Emirates. The Emirates such as Abu Dhabi, Dubai and Sharjah are at the forefront of the business setup located in the United Arab Emirates.
Abu Dhabi, with its strategic location and its proximity to the Emirate of Dubai, is regarded as one of the best spots to set up a business. Abu Dhabi is the capital of the United Arab Emirates and is one of the most sought after place to set up and offshore company. Abu Dhabi has some of the most transparent and flexible business setup regulations and setting up a business does not take much time. Just a couple of weeks and you are ready to go.
Before Starting a Business
Certain things need to be kept in the mind while setting up a business in Abu Dhabi. These requirements are given below:
·Determine the activity to be performed
It is indispensable to determine the type of business activity which will be shown. The time is taken to set up a business, and the fees will depend highly on the action which will be shown.
·Find a Local Sponsor
According to the law, all foreign companies require the services of a local sponsor to be set up in the United Arab Emirates. A local sponsor can be a local company or a services agent. This local sponsor will help the foreigner to understand the laws of this country. For details of setting up a business in the free zone, click here.
·Determine the Structure of the Business
There are different types of business structure, and each of the different types of business structure has different rules and regulations. The type of business activity will be a very crucial factor in determining which business activity.
·Obtain the necessary licenses and approvals from the government
Many different licenses are available in Abu Dhabi. According to business activity, the management should procure the relevant permit. In many cases, the licenses will not deal with all the business activities, and then the business must acquire the approvals from the relevant departments of the government.
·Registration of the Trade name
The name of the business will be the distinguishing factor through which the people will differentiate the company from its competitors. Care should be taken of not using the same name for the company which is in use already.
After making sure that the points as mentioned above are taken care of, two more things need to be performed to set up a business in Abu Dhabi.
1.Membership of the Abu Dhabi Chamber of Commerce and Industry
According to the Law Number 7 of 1998, every national and foreigner who is involved in any commercial, professional, vocational or industrial activity must become a member of the Abu Dhabi Chamber of Commerce and Industry.
2.Service of a Public Relation Officer
The PRO services refer to activities which relate to the processing of government documents and also include various other business setup services such as:
- Document Attestation
- Trade License
- Clearance of documents
- Cancellation and Renewal of License
- UAE certified Legal Translation
These are some essential factors which should be kept in mind of the administration before setting up a business in Abu Dhabi. If all the factors mentioned above are taken care of, there will be no problem in the incorporation of the company.
The location of the emirate of Abu Dhabi is very fortunate because of which more and more companies from all around the world are coming to Abu Dhabi and are incorporating a business in the emirate. The government has also taken steps which will reduce the red tape and allow the companies from all over the world to come to the United Arab Emirates and set up their business.
Are you looking to set up a business in Abu Dhabi? Then you must avail the services of Business Setup Worldwide. BSW will not only take care of your business but will also provide a solution for any problem the company faces in the future. For any details, contact us, we will be glad to help you.