Business Setup in Abu Dhabi
Abu Dhabi is the biggest Emirate and the capital of the UAE, on the southeastern side of the Arabian Peninsula, next to the Persian Gulf. The city comprises over 75% of the region of the nation of UAE and is the second most crowded city in the league after Dubai. Despite the 10% of the world’s oil funds, plus is one of the biggest oil makers. In addition, Abu Dhabi has been growing its economy outside of the oil trade since 2009. However, the city has been investing completely in industrialized growth, land, retail, and also the travel industry.
Abu Dhabi is one of the quickest developing and also rich markets on the globe. Therefore, for a businessperson wishing to begin a company in the Middle East, Abu Dhabi is an area of choice. The corporate standards and business systems in the Emirate are straightforward; Besides, it takes just a couple of days for setting up a company in Abu Dhabi.
What are the Advantages of Setting up a Business in Abu Dhabi?
Abu Dhabi possesses a key area between Europe, Asia, as well as Africa–and in this manner has helpful access from the rest of the world. Moreover, the Emirate admits 100% foreign ownership and also gives an exception from corporate as well personal withholding tax. There are no foreign trade controls, shares or exchange barriers. The expectations for everyday comforts in Abu Dhabi are the first-rate, with excellent offices in medical management, residence, recreation, schooling, and also transportation.
Six Types of Business License
- Commercial License
- Agriculture License
- Professional License
- Crafts License
- Industrial License
- Tourism License
Procedure of Company Setup in Abu Dhabi
- Decide the type of economic activity
- Locate a local sponsor
- Decide the legal form of business
- Register the trade name
- Fill licensing requirements
- Get approvals of concerned authorities
- Get initial approval