Company Setup in Abu Dhabi, UAE
Abu Dhabi is the capital and the largest emirate of the UAE, located on the south-eastern side of the Arabian Peninsula, besides the Persian Gulf. Abu Dhabi is one of the fastest growing and opulent markets in the world. For an entrepreneur wishing to start a business in the Middle East, Abu Dhabi is a viable location of choice. Abu Dhabi, being the political capital of the UAE, is one of the most preferred offshoring destinations in the world. Horizon Biz Consultancy helps entrepreneurs and firms in Business setup of company in Abu Dhabi through company registration, incorporation and legal consulting services. We are professional experts who takes care of every single formality be it banking, visa, legal, and licensing formalities, in accordance with the UAE laws.
Apart from the fact that it is affluent and safe, setting up a business in Abu Dhabi is much sought-after due to its transparent and flexible procedures. Unlike in most countries, it just takes a few days to set up a new business or open an offshore branch of your company in Abu Dhabi if you fulfill the required formalities correctly.
Depending on the budget, you can choose from starting in the heart of the city or stick to the Free Zone.
You need a local sponsor who, on paper, will have 51% shares in a business. You can have an internal MoU and have it attested by Al-Barsha Court to ensure it is effective. A regular piece of paper is of no value if it is not attested by the court. The internal MoU will define that you will pay the sponsor a fixed sum of some AED per year and he/she will not be part of the business activities or the profits/loss.
If you stick to a free zone, you get to retain 100% of your business. However, your business will be limited to the Free zone only.
Let’s talk about the Technical Steps to Setup a Company in Abu Dhabi:
Step 1: Determine the legal form and activities of the business
Step 2: Register the trade name and obtain the initial approval
Step 3: Arrange an office lease
Step 4: Apply for a trade license and regulatory approvals
Step 5: Obtain the DED Trade License
Step 6: Register the Company with Labor and Immigration
Step 7: Open a business bank account
Step 8: Apply for employee visas
Let’s have a look about the understanding you need to focus on.
Things to Understand:
- Do not hire anyone just because you know him/her. Have a background check from the local police station firstly to avoid future mishaps.
- Ensure that all documents are first made in English and then Legally translated by authorized and recognized translators. You can find them outside the court. This way, your text, and terms will remain the same.
- Manage the bank account yourself or hire a professional accounting company who can do that for you.
- Define Job Duties for each member of the office immediately and have an active organogram in place.
You can contact us for further information about Company Setup in Abu Dhabi. We are a complete company setup service provider, working since 6 decades. And years of experience will never let you down.
If you still have any doubts or confusion about company setup, you can contact us directly. Our Experts will help you out!
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