Abu Dhabi is well known for the business opportunities it provides and setting up a company in Abu Dhabi can act as an entry point to the markets of the MENA (Middle East and North Africa) region. It provides a business-friendly environment and supports entrepreneurs and businesses who wish to set foot into the Middle Eastern Markets. The government also helps upcoming businesses in rapid expansion and growth which will in turn support the economy of Abu Dhabi.
If you wish to proceed with the company formation in Abu Dhabi, then you must explore the following steps.
Major Benefits of Setting up a Company in Abu Dhabi
When you register a company in Abu Dhabi, you must know the following benefits:
- 100% Foreign Ownership: Most of the companies in Abu Dhabi are allowed for complete foreign ownership.
- Availability of Free Zones and Mainland: One can start a business in Abu Dhabi by opting for either mainland or free zone locations as per the requirements of the business.
- Affordable Company Setup Cost: Abu Dhabi provides an affordable company setup cost based on your choice of business activity.
- Time Taken for Company Incorporation: Setting up a company in Abu Dhabi takes 7-8 working days. This time period can vary depending on the business activity.
- Minimum Paid-up Capital: The paid capital varies depending on the company's requirements.
Types of Licenses Available in Abu Dhabi
While incorporating a business setup, you must know about the types of trade licenses available in Abu Dhabi.
- Commercial License
- Industrial License
- Agriculture License
- Professional License
- Tourism License
Procedure to Register a Company in Abu Dhabi
Company formation in Abu Dhabi can be done straightforwardly by following these basic steps.
Choose a Strategic Business Location
When thinking about business setup in Abu Dhabi, choosing a strategic business location is the primary consideration. There are numerous free zones, such as Khalifa Industrial Free Zone and mainland company formations, available in Abu Dhabi. It is always good to seek the assistance of a business setup consultant. The business expert in Abu Dhabi will provide you with adequate information about the rules and regulations to be followed for company incorporation.
Finalize a Business Structure
Company structure is very important when incorporating your company. Before choosing a company structure, make sure you have enough knowledge about it. If you want to know more then you can contact Business Setup Worldwide.
Following are the legal structures followed for company formation in Abu Dhabi
- Limited Liability Corporation (LLC)
- Representative Office
- Branch Office
- Sole Proprietorship
- Free Zone Establishment
- Free zone company
Naming the company is an essential part of company incorporation. When you are ready to start a business in Abu Dhabi, you must know the naming rules. The basic guidelines for selecting the name of the company are:
- The name should be unique
- Do not use any religious name
- Should not use any abusive words
- It should not violate any rules or hurt others' beliefs
Also, make sure to check with the Department of Economic Development (Abu Dhabi) to confirm that the company names are available and not in use by another entity.
Submit the Essential Business Documents
After choosing the business name, make sure you have submitted the following documents to proceed with your business formation.
- Memorandum of Association and Articles of Association
- Shareholders Agreement
- Board Resolution Copy
- Notarized Documents
- Certificate of paid-up Share Capital
- Deposit Slip
- Name Approval Certificate
- Lease Agreement of the Office Premises
Open a Business Bank Account
Once your company is incorporated, you have to open a bank account. Opening a bank account seems to be a little complicated. In order to save your time and money, you can get in touch with Business Setup Worldwide.
Business Setup Worldwide is a consultancy which will provide you with the right business solutions and will ensure compliance with the rules and regulations of the jurisdiction. The methods and strategies followed for company incorporation is very simplified to make company incorporation a hassle-free process. In order to proceed with our service, contact us. We will be happy to assist you in your business journey.
