Business Setup in Abu Dhabi Mainland
Abu Dhabi is the capital of the United Arab Emirates and second to Dubai for being the most populous Emirate. It is seen as safe and clean. This is a crime-free destination that attracts a lot of people. Besides those things, businessmen are also looking at Abu Dhabi as a home for commercial and industrial businesses.
When it comes to its Gross Domestic Product (GDP) and per capita income, it is considered to be the richest in the UAE. It has improved its facets when it comes to catering businesses in their Emirate, making it an advanced metropolis. Because of this, new companies in Abu Dhabi are rising. Developments that this Emirate has accomplished can be seen through the activities that are being done by international companies in Abu Dhabi with different industries, such as trading companies in Abu Dhabi, proving its economic diversity. Abu Dhabi mainland is a business hub as well with many buildings rich with Business Setup In Abu Dhabi by business owners with different nationalities.
To start off, Abu Dhabi is near to the airport and 45 minutes to an hour to Dubai. If you decide to conduct a business setup in Abu Dhabi, opportunities are offered to business owners who are eyeing a different location or other options that best suit the industry that they’re planning to establish in. This Emirate is known to have flexible procedures when it comes to company formation Abu Dhabi.
Investment opportunities in Abu Dhabi
Abu Dhabi is also known to have investment opportunities that business owners can enjoy. This is the place where businesses are aided to thrive. The government gives its support to the businesses that are established for they believe that this can help in achieving economic development even further.
The supportive aura that is given off by this Emirate will ensure that your choice to start a company will definitely help your business to thrive. With the aid of business setup consultants in Abu Dhabi, you can easily have your papers processed and have your trade license Abu Dhabi in no time. If you are planning to have a company setup Abu Dhabi, it is best to speak with these business setup consultants Abu Dhabi who can tell you the step-by-step procedure and even let you know if your business is best suited there.
LLC company formation in Abu Dhabi is quite a well-known choice of businessmen. It should be noted though those expatriates who wish to start a business in Abu Dhabi must have a local sponsor in Abu Dhabi who will take up 51% of your shares. This is the rules when big or small business in Abu Dhabi is set up in the mainland.
Abu Dhabi business setup consultants
Since even just the idea of building a new business in Abu Dhabi seems strenuous, consulting companies in Abu Dhabi come into the picture. They do not simply ensure that you obtain your trade license Abu Dhabi in the right time frame but ensure as well that you do not need to process papers at the concerned authorities, like Abu Dhabi Chamber of Commerce or DED Abu Dhabi. Calling one of the leading business consultants in Abu Dhabi means that you wouldn’t need to work hard on your side to have your company setup Abu Dhabi or even have your trade license renewal Abu Dhabi that usually takes time. Their job is to make the process lighter for you.
Aside from finding out how to start a business in Abu Dhabi, consultants can also help you in giving you the Abu Dhabi trade license details and Abu Dhabi commercial license details. Even before that, you can discuss with them all of your plans, such as your business ideas in Abu Dhabi. Whether you would like to know how to start a restaurant business in Abu Dhabi or even how to start a Baqala in Abu Dhabi (which is a grocery store), consultants would lend their hand to ensure that you are on the right track.
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Following industries you can setup in Abu Dhabi Mainland
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Benefits of Setting up Business in Abu Dhabi Mainland
There are a lot of business opportunities in Abu Dhabi. With these opportunities come the benefits with it. Company formation Abu Dhabi brings a list of advantages that can put your business on edge. Even if your Abu Dhabi business won’t be owned by you 100%, there are still a lot of benefits that should not be looked over simply because of that.
When it comes to business setup in Abu Dhabi, the following should be noted by business owners:
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Zero taxEven with the arrival of value-added tax (VAT) in the UAE, income and corporate taxes are still nonexistent in the country. Therefore, starting a business in Abu Dhabi is still a good option as companies are still free to not pay taxes to the government, aside from VAT.
No limitation on the number of visas
There are limits in some free zones with regard to the number of visas that you can obtain. Having an Abu Dhabi company registration in the mainland means that organizations can have as many visas as they can as long as the office space is reasonable. This can give the companies a space for growth as their businesses continue to expand.
Minimum capital requirement limited restrictions
Some free zones are requiring business setup companies in Abu Dhabi to prepare a certain amount of money. But in the mainland, there is little to no capital requirements. This is a way of doing business in an affordable way.
Taking on government work
Unlike the companies in the free zones, you are free to pitch for government contracts when you are in the mainland. Government projects are considered to be big in the UAE since they spend a lot on those projects. Therefore, it is a great advantage to conduct a company formation Abu Dhabi mainland.
Starting a business in Abu Dhabi
You are allowed to set up your office wherever you like in the UAE. Being on the mainland also gives you the opportunity to set up branches of your company anywhere you like.
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Business Setup Requirements & Procedure
Requirements for Abu Dhabi Company Registration:
- Local Service Agent (UAE National) Appointment Contract (notarized and attested);
- Leasing agreement – minimum of 550 sq. ft. for office space;
- Approval from Ministry of Labor (MoL), Department of Economic Development (DED), Ministry of Interior (MoI), and all other related authorities;
- Special Approval from concerned authority for businesses undertaking RTA activities, engineering consultancy, travel and tourism activities, foreign exchange, health care activities, and educational services;
- Business trade license;
- Memorandum of Association for Abu Dhabi Limited Liability Companies (LLCs);
- Bank account from an established UAE bank;
- Visa for foreign shareholders, directors, and manager
The aforementioned are some of the crucial requirements for Abu Dhabi mainland business setup. FAR Consulting Middle East provides assistance in the drafting, review, legalization, and submission of legal documents to secure approvals from concerned government agencies.
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- The procedure of processing the company setup would range from 2 to 4 weeks.
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Support Services Offered in Abu Dhabi
FAR Consulting Middle East helps entrepreneurs and firms in setting up a company in Abu Dhabi through company registration and legal consulting services. We can assist you to plant your company by handling all the legal formalities in accordance to UAE law.
We can offer you services like
- Assistance is processing labor cards and other immigration requirements
- Coordination with various government authority for license renewal
- Introduce our clients to open bank accounts in number of jurisdictions
- Assistance in finding a local sponsor for the legalization of business setup
- Essential guidance on preparation of documents and legal formalities that would be required to submit to authority
- Proper advice on selection of office spaces
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Business Setup Cost in Abu Dhabi
Below is a table that consists the cost of setting up a company in Abu Dhabi, including the Abu Dhabi trade license fees. You can contact us for further information or clarification.
Fees/Cost/Receiver Narration Cycle Cost (AED) Payment Comments Trade Name Reservation Govt. Agency One time 610 100% Adv. View Initial Approval for Your Business Govt. Agency One time 110 100% Adv. Local Citizen – Sponsorship Fee Your Business’ Local Sponsor Yearly 15,000 100% Later View MOA – Legal Translation Services Translation Services One time 1,280 100% Adv. View Notarization of MOA Govt. Agency One time 960 100% Adv. View Licensing & Certificate of Incorporation Fees (for specific business activity) Govt. Agency Yearly 7,000 100% Adv. View File Opening – Immigration (Establishment Card) Govt. Agency One time 860 100% Adv. File Opening – Ministry of Labor (Establishment Card) Govt. Agency One time 2,053 100% Adv. E-Signature Card – Ministry of Labor Govt. Agency One time 1,000 100% Adv. FAR Consulting Middle East. Fees – Your Business Registration Consultant’s Professional Fees All Following Services are Included: » MOA drafting – Arabic/English » Power of Attorney drafting – A/E » Side Agreement drafting – A/E Professional Fees/Farhat Office & Co. One time 15,000 100% Adv. TOTAL 43,873 View ATTENTION – NOTEAll fees for government and related authorities are an estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.