Company Formation Service in Abu Dhabi
Over a trillion dollars have been invested in Abu Dhabi by entrepreneurs and investors worldwide looking to establish new businesses. Furthermore, we offer comprehensive assistance at every phase of Company Formation in Abu Dhabi.
UAE’s economy is very strong, and it has the second-largest economy among GCC countries. Abu Dhabi is one of the best places to start a business because it is easy to reach markets in other countries, and its market is growing quickly.
The process of company formation in Abu Dhabi is fairly easy and straightforward. In fact, with streamlined procedures, it only takes a few days to complete. Depending on the type of business and the location, you may need the help of a business setup in Dubai consultant at the start of the business, though.
Company Formation Service Provider in Abu Dhabi
Company Formation in Abu Dhabi can be a very good idea because the business will have access to markets in many different areas, and there will be a large number of skilled workers to help set up the business in the Emirate. However, a mistake during the setup process can cause problems for the business in the future.
Jurisdiction of the Company
In UAE, a company can be set up in one of three places: the Mainland, the Free Zone, or the Offshore. The Department of Economic Development of each emirate is in charge of giving licences on the mainland. In Free Zones, the relevant Free Zone Authority will be in charge of licencing, and if there is offshore jurisdiction, the Offshore Authority will be in charge.
Mainland Company Formation
Limited Liability Companies (LLC) are one of the most popular form of commercial entities that entrepreneurs and corporate can establish in the UAE. We help you in End-to-End Business Setup in Sharjah
Free Zone Company Formation
Free zones are geographically demarcated areas within the UAE (even if most of them are not fenced or gated) permitting 100% foreign ownership and are in most cases, dedicated to a specific industry. Request multiple options
Off Shore Company Formation
UAE Offshore Company’s are any legal entity established with the purpose of making a profit, outside the country of residence is an offshore company. No physical office required for Off Shore Company in UAE.
Business Structures for Company Formation in Abu Dhabi
Choosing the legal form of the business is one of the most important steps in setting up a business in Abu Dhabi. Here is a list of the different business entities available in Abu Dhabi to help you decide which one to use for your business.
Limited Liability Company (LLC)
This business needs 50 to 2 partners. It's the most popular among investors because the partner's responsibility is limited to the company's investment.
Partnership Company
This includes partnerships between two or more people, where each person is only responsible for their share of the company's debts.
Joint Venture
A joint venture company is an agreement between two or more people or legal entities. Its goals and terms are set by the joint venture contract. There is no need to put this agreement in the Commercial Register.
Public/Private Shareholding
The share capital of a public shareholding company is split into equal parts that can be traded. A private company with shares must follow the same rules as a public company with shares.
Sole Proprietorship
In Abu Dhabi, a sole proprietorship is a business that is owned by just one person. Anyone from any country can start up this kind of organisation.
Branch Office in Abu Dhabi
A company's business grows when it opens a branch office in Abu Dhabi. A UAE company or a company from another country can both have a branch office in Abu Dhabi.
Business licenses for Company Formation in Abu Dhabi
Major licenses get issued to operate in Abu Dhabi These licenses have business endeavors like
Professional License
Professional License is for firms undertaking service-oriented endeavours. It is needed for activities like consulting. The cost of professional license issuance is less.
001
Commercial License
Commercial License – is for business establishments undertaking selling and buying goods, services or trading. These licenses are common in the UAE
002
Industrial License
Its for Firms involving the manufacture of goods also for industries and factories. Get approval from government departments and external ministries for your industrial activity.
003
Frequently Asked Questions
What are the types of business entities available in Abu Dhabi?
Mainly, there are Limited Liability Company (LLC), as well as the Branch of Foreign Company, Representative Office, and Free Zone Company.
What is the minimum capital requirement for company formation?
The minimum capital requirement for an LLC varies significantly depending on the type of business activity involved. However, for some activities, there might not be any minimum capital requirements.
What are the steps involved in setting up a company in Abu Dhabi?
General steps include choosing a business activity. Subsequently, selecting a company name follows. Then, obtaining necessary approvals becomes essential. After that, drafting the Memorandum of Association is required. Following this, obtaining a trade license is the next step. Finally, registering with the relevant authorities completes the process.
Do I need a local sponsor or partner to establish a business in Abu Dhabi?
For an LLC, a local sponsor or partner is required who holds at least 51% ownership. However, in certain free zones, full foreign ownership is permitted.
What are the tax implications for companies in Abu Dhabi?
Abu Dhabi, in fact, does not impose corporate or personal income taxes on most businesses. However, there might be specific taxes or fees related to certain activities.
How long does it take to set up a company in Abu Dhabi?
The duration can vary significantly depending on the type of business activity, as well as the completeness of documentation. Consequently, it can take anywhere from a few weeks to a few months, with the timeline being influenced by these factors.
Are there any specific requirements for hiring local employees?
Companies are encouraged to employ local talent, and there might be certain quotas or requirements for hiring Emirati nationals, especially in government-related projects.
What are the main benefits of setting up a company in Abu Dhabi?
Strategic location aside, in addition to a stable economy, access to international markets, and tax advantages are among the main benefits. Additionally, supportive government initiatives further contribute to its appeal.
What are the main industries thriving in Abu Dhabi?
Abu Dhabi boasts a diverse economy with thriving sectors. Specifically, these sectors include oil and gas, finance, tourism, healthcare, education, and technology. Each of these industries contributes significantly to the region’s economic growth and stability.
What are the types of business entities available in Abu Dhabi?
“While initiating company formation, both the Abu Dhabi Department of Economic Development (ADDED) and various free zone authorities play pivotal roles in guiding and facilitating the process. As a result, they are instrumental in providing detailed information and guidance to facilitate a seamless establishment process. Additionally, they serve as key resources for businesses seeking comprehensive assistance and support during the establishment process.
