COMPANy formation IN ABU DHABI
Abu Dhabi Mainland Company Formation:
A Guide for Entrepreneurs
Abu Dhabi is a thriving business hub in the Middle East and a preferred destination for entrepreneurs who want to start a business in the United Arab Emirates (UAE). Setting up a business in Abu Dhabi mainland is a popular option for entrepreneurs who want to establish a presence in the capital and take advantage of its many opportunities.
Company formation in Abu Dhabi, regulated by the Abu Dhabi Department of Economic Development (ADDED), will enjoy certain benefits such as longer licensing validity, easier renewal, cost savings, and fewer taxes.
Steps to Company Formation in Abu Dhabi
01
Determine the type of company
02
Choose a business activity and a name of the company
03
Obtain the initial approval
04
Draft the Memorandum of Association
05
Obtain a trade license
06
Register with Abu Dhabi Chamber of Commerce
07
Register for tax
Required Documentations
It is necessary to prepare and submit several documents to the relevant authorities when starting a business in Abu Dhabi mainland. The specific requirements may vary depending on the type of company you want to establish, but here are some of the common documents you will need:
Passport copies and residency visas of all shareholders and managers.
Emirates ID copies of all shareholders and managers.
No-Objection Certificate (NOC) from the sponsor, if any of the shareholders or managers are sponsored by their employer.
Memorandum of Association (MOA), which outlines the company’s objectives, activities, and ownership structure.
Articles of Association (AOA), which details the company’s internal regulations and management structure.
Proof of share capital deposit, such as bank statements or deposit slips.
Lease agreement or tenancy contract for the company’s office space.
Initial approval from the Abu Dhabi Department of Economic Development (ADDED).
Trade license application form.
Membership certificate from the Abu Dhabi Chamber of Commerce and Industry.
Federal Tax Authority (FTA) registration certificate, if your company is required to register for Value Added Tax (VAT).
Major Advantages of Setting up a Business in Abu Dhabi
- Strategically located between Europe, Asia, and Africa, making it an ideal location for international trade and business activities.
- Diversified economy with significant investments in various sectors, including oil and gas, finance, real estate, tourism, and technology.
- Low tax burden and entrepreneurs are not subjected to personal income tax.
- Well-developed financial system, including several local and international banks.
- Highly skilled and educated workforce, with a strong focus on education and training.
- World-class infrastructure, including modern airports, seaports, roads, and telecommunications networks, which makes it easy to do business and connect with the global market.
- The government of Abu Dhabi is committed to promoting business and economic development, and hence, offers various incentives and support programs for entrepreneurs and investors.