Company Formation Services
Business structure in Abu Dhabi is broadly divided into Companies, Sole proprietorships, and partnerships. All of these have their pros and cons. Most people prefer a company organization. Because it is a separate legal entity. This means that the owners don’t have to worry about other parts of the organization, they can spend their most time building company accountability to extend their ownership of the company. In UAE there are seven independent regions know as Emirates. Each having their own terms and condition for setting up a business. One of the most famous emirates is Abu Dhabi
Abu Dhabi is the largest emirate in the UAE, that contains more than three-quarters of the countries area. The City has been investing a huge amount of money to extend the economy in all region of the country. Despite holding almost 10% of the worlds oil reserves, Abu Dhabi is also investing heavily in tourism, local and international companies developments, retail and real estate.
Advantages of Company Formation in Abu Dhabi
Each emirate in the UAE has its own features and benefits that share unique functionalities among others. Here are some features that will benefit your organization in Abu Dhabi.
Strategic Location of the country
Located at the center of the worlds most developed regions like Asia, Africa, and Europe, UAE enjoys excellent trading conditions. Every third party country uses the UAE as their way of transportation. Like China uses UAE to reach Africa, Latin America uses UAE to reach South Asia and Western Countries uses UAE to reach out the Middle East. This is the perfect spot for company formation in Abu Dhabi
0% Corporate and Personal Taxes
A company located in UAE’s Free Zones are required not to pay any corporate or Personal Taxes. They can enjoy their complete profit and capital.
Low Import Duties
Most of the companies are paying very cheap import duties for their goods arriving in the UAE. Also if your goods are arriving in the Free Trade Zone region, then you don’t have to pay any import duties at all. This is the reason Abu Dhabi is considered as a major company formation in Abu Dhabi.
Global Trade Hub
Abu Dhabi opens the door for every foreign legal entity to extend its organization in the city. The average tariff rate for good importing in UAE is 5% but the company is packed with tons of features like Free Trade Zones that offers quality benefits.
No Double Taxation
The best part about the UAE is that there are no hidden taxation feeses that you have to pay later. The UAE has signed a Double Taxation Agreement with many countries around the globe.
Company Formation in Abu Dhabi
Abu Dhabi occupies a premium location between Asia, Europe, Africa, and Latin Amerca. This is the reason why it has access to the rest of the world. Setting up a business in Abu Dhabi has a flexible procedure. Unlike any other country, it takes a matter of days to complete your organization documents and getting a business license if you complete all the legal steps.
Types of Companies that can be registered in Abu Dhabi
There is a number of options available for setting up a business in Abu Dhabi. For a company stated in the UAE, they must engage either a UAE national Agent or UAE local partner. For a company stated outside the UAE that want 100% ownership, here are the names of the countries that you can register in Abu Dhabi
- Civil Work Company
- Foreign GCC Branch
- Representative Office
- Branch of Foreign Company
- Branch of Freezone Company
For a company that doesn’t want full foreign ownership can register as:
- Sole Establishment
- A Limited Liability Company
- Local Branch
- Sole Partnership L.L.C
- Public/Private Shareholding Company
Steps for Company Formation In Abu Dhabi
Here we have listed the most important steps to set up your business in Abu Dhabi.
1. Determine The Legal Form
It includes a clear understanding of the nature of your business and how it is evolving in the country. Since all the legal procedure and fee may vary for every nature of the business.
2. Find a Local Sponsor
As per by the rules, a foreign company must have a service agent which is a national of UAE. This will facilitate all the necessary licenses and legal agreement of the company.
3. Registration of Activities and Trade Name
A trade name is the most common step in the business industry. A trade name should be registered from the Department of Economic Development.
4. Business License
Now is the step to apply for a Business license. Here are the names of the business license that are issued by the Abu Dhabi Licensing Authority:
- Vocational License
- Tourism License
- Industrial License
- Commercial License
- Agricultural License
- Professional License
5. Getting Approvals from Government Authorities
A foreign investor is required to get approval from the following Government Authorities:
- Abu Dhabi Customs Authority
- Ministry of Agriculture and the Department of Health
- Ministry of Economy
- Ministry of Civil Aviation
- Central Bank
- Medical Council
- Supreme Petroleum Council
- Telecommunications Regulatory Authority
- Abu Dhabi Distribution Company
- Abu Dhabi Education Council
- Abu Dhabi Customs Authority
- Abu Dhabi Food Control Authority
6. Initial Approval
An initial Approval from General Directorate of Residency and Foreign Affairs(GDRFA) is required for foreign investors. This allows them to practice their desired business activities in Abu Dhabi.
Want to Set Up Your Abu Dhabi Company Formation?
We at SetupAbuDhabi Business helps our clients to get all the required documents, approvals and legal agreement from the business and Government individuals. Our firm has helped many potential clients for setting up their company formation in Abu Dhabi Free Zones and Mainland Company. Our team of dedicated individuals has expertise in:
- Company Incorporation
- Tax consulting
- Legal Advisory
- PRO services
- Company Registration
- VAT Registration
- Branch Office in Abu Dhabi
- Legal Sponsorship
- Intellectual Property Protection
We will assist you to plant your very own first business organization in Abu Dhabi with all the legal and 100% government approved documents and will ensure that you will get all the facilities in the region.