When you decide to do company set up in Abu Dhabi, there are numbers of business setup from that you can choose from.
Here are following types setup in Abu Dhabi:
Free zone limited liability company:
Free zone limited liability company is the independent legal entity which can be with corporate shareholders, individual shareholders or mixtures of both.
Limited liability company:
Limited liability company or onshore company is the most common type of business registration. This license is obtained only when the complete right of operating from the country. This license has some requirements as having one real office within the country, and one shareholder of U.A.E. The ownership of foreign investor will be 49 percent.
The offshore company allows easy set up in the process when operating outside their own country. This has the easiest incorporation process, it requires no license, also free from corporate taxes and can be incorporated with virtual offices.
Free zones company:
They offer attractive opportunities for the business establishment to entrepreneurs and organizations. Free zones allow 100 percent foreign ownership, 100 percent import export exemptions and 100 percent capital and profit. For getting the licensed establishment of a real office in free zones.
The branch office is the expansion of an international company that conducts the business under their name. It can conduct all affairs of business other than the import export. These operations required a special license from the ministry of economy. Branch office should have a local person as a service agent.
Procedure to setup company in Dubai:
Determining economic activity:
Different business has different nature, so fees and legal procedures are different for every company. You should know the exact nature of business before initiating the procedures. So there should be no problem in the future.
Forms to fill:
There are several legal forms for the business such as liability and establishment. For every type of ownership and legal form, different rules and regulations are applied.
Trade name differentiates the business from others and represents the nature and legal form. After selecting the activity and legal form registration of trade name come. This is also the step one have to follow when doing company set up in Abu Dhabi.
Doing company setup in Abu Dhabi requires the foreign investor to get approval from the general directorate of residency and foreign affairs. This approval certificate required to continue with business license formalities and foreign investor to do their desired business activity in Abu Dhabi.
Various types of license are issued by Abu Dhabi licensing authority:
- Commercial license
- Industry License
- Tourism license
- Vocational license
- Tourism license
After getting the approval from the authority, they can go to the department of economic development, fulfill their all requirements and then pay for the business license.
Chamber membership in Abu Dhabi:
Law in Abu Dhabi requires all the foreign investor plus the national investors engaged in any activity such as industrial or vocational should be the member of Abu Dhabi Chamber.
These are the procedures the business owner should be followed when doing company setup in Abu Dhabi.