Investors would like to know how to establish a company in Abu Dhabi because the Emirate of Abu Dhabi is famous for its diversity and economic dynamism, which enhances its position as one of the most prominent investment destinations in the world. Abu Dhabi is characterized by an advanced business environment that encourages innovation, and is considered an ideal destination for entrepreneurs seeking to establish their companies in this vibrant market.
Establishing a company in Abu Dhabi is both an exciting challenge and a wonderful opportunity. There are many compelling reasons that make this picturesque emirate an ideal destination for business and investment. Abu Dhabi\\\’s advanced legal system and political stability provide a favorable and reliable environment for corporate success, in addition to attractive financial and tax facilities that provide companies with the opportunity to grow and expand.
Abu Dhabi has advanced infrastructure and modern facilities that meet the needs of various companies. Various offices, commercial spaces and malls provide a modern and comfortable working environment for companies, helping them achieve their goals efficiently and effectively.
Steps to establish a business in Abu Dhabi
If you want to establish a business in Abu Dhabi, here are general steps that can be followed to achieve this goal:
- Market study and idea formulation: Study the market in Abu Dhabi to understand the market needs and available business opportunities. Carefully formulate your idea and define your target group and competitive advantage.
- Formulate the practical plan: Prepare a detailed business plan that includes the goal of the business, and the marketing, financial, and administrative steps to achieve this goal.
- Determine the legal structure: Decide whether you will set up a sole proprietorship, partnership or limited company, and choose the structure that best suits your business needs.
- Obtaining licenses and permits: Apply for the necessary licenses and permits from the relevant government agencies in Abu Dhabi, such as the Abu Dhabi Department of Economic Development.
- Search for a geographical location: Select a suitable location for your business in Abu Dhabi, that is compatible with your business and provides easy access to customers and suppliers.
- Registration in the Commercial Registry: Register your business in the Commercial Registry in Abu Dhabi, and be sure to implement all required legal procedures.
- Human Resource Insurance: Hire and secure the necessary labor for your business in accordance with labor laws in Abu Dhabi.
- Marketing your business: Create an effective marketing plan to promote your business and attract new customers.
- Starting work: After meeting all requirements and licenses, you can start work and implement your business plan.
Establishing a business in Abu Dhabi requires compliance with local legal and regulatory procedures, so it is important to obtain appropriate legal and advisory advice from Itqan before starting any business activity.
The difference between establishing a company in Abu Dhabi and the free zone
Please note that this comparison is general and the actual laws and regulations may differ depending on the type of establishing a company in the free zone and establishing a company in Abu Dhabi. The differences are represented in the following points:
| Possession | Ownership can be 100% local or foreign. | Full ownership by foreign companies and individuals is permitted. |
| Licenses and permits | Regulations and requirements vary depending on the type of company and activity. | The process of obtaining licenses may be less complicated and faster. |
| Tax exemptions | Income is subject to taxes according to local tax laws. | Free zones often provide certain tax breaks. |
| Freedom to transfer profits | Profits can be transferred freely but taxes may apply to the transfer. | Profits are allowed to be transferred freely without being taxed. |
| Customs facilities | Customs duties may apply to import and export. | Free zones often provide customs facilities such as exemptions. |
| Administrative procedures | Administrative procedures may be more complex and time consuming. | Administrative procedures are usually simpler and more effective. |
| Access to infrastructure | It depends on the location and can be volatile. | Free zones provide advanced and integrated infrastructure. |
| Freedom to hire workers | Subject to local labor laws and procedures. | Free zones often provide greater freedom in hiring labor. |
Obtaining a license to establish a company in Abu Dhabi
To obtain a license to establish a company in Abu Dhabi, you must follow the following steps:
- Choosing a company type: Licensing requirements may vary depending on the type of company you want to create, such as a sole proprietorship, limited liability company, or joint stock company.
- Determine the economic activity: You must determine the activity you intend to practice, as licenses and permits vary based on the type of activity.
- Choosing a name and ensuring its availability: You must choose a name for your company and ensure that it is available and not similar to the names of other companies.
- Preparing the required documents: These documents may include a passport, personal photo, lease contract, and others depending on the type of company.
- Submitting the application: After preparing all the required documents, the application must be submitted to the relevant authorities such as the Department of Economic Development in Abu Dhabi.
- Waiting for approval: After submitting the application, it will be reviewed by the relevant authorities and you will be notified of approval or rejection.
- Payment: Once approved, you must pay the required fees to obtain the license.
You should always check current and updated licensing requirements by contacting Itqan before starting the process.
Obtaining a license to establish a company in Abu Dhabi
Commercial license to establish companies
A commercial license is an official permit issued by the relevant agency in the country or region to individuals or companies wishing to engage in commercial activity. The types of commercial licenses and the requirements for obtaining them vary from one country to another and even from one free zone to another in the same country. In the UAE, for example, the type of license needed to establish companies is determined based on the type of activity and the location of the company. The commercial license in some free zones may include company licenses and permits necessary to start and operate the business. Therefore, individuals and companies wishing to establish a company should familiarize themselves with the exact requirements for obtaining a business license in the region in which they intend to operate.
Obtaining a commercial license usually requires specific procedures and procedures, such as submitting the required documents, paying the necessary fees, and submitting to the relevant government agencies. Businesses may also need to determine the location of the business and obtain appropriate approval before issuing a licence.
It is worth noting that a commercial license may include certain conditions and restrictions that vary depending on the business activity and geographical location. Therefore, it is highly recommended to contact the experts of Itqan Company to obtain accurate and updated information on how to obtain a commercial license to establish your company in the specified region.
In conclusion, establishing a business in Abu Dhabi in cooperation with Itqan Company is a wise step for those who want to succeed and excel in the business world. Itqan Company provides the necessary support and services to facilitate the establishment and operation process, from defining the idea to obtaining the necessary licenses and permits, and providing the advice and guidance you need to make your business successful.
Abu Dhabi is an ideal environment for establishing a business, as it provides advanced infrastructure and strong government support for emerging and medium-sized companies. In cooperation with Itqan Company, you can benefit from all the advantages provided by this wonderful environment, and transform your idea into a tangible reality that contributes to achieving success and profitability.
If you are looking for a reliable and efficient partner to help you establish your business in Abu Dhabi, Itqan Company is the perfect choice. Relying on its experience and competence will contribute greatly to building a successful and sustainable business in this modern and developed city.
Frequently asked questions about establishing a business in Abu Dhabi
What are the basic steps to establish a business in Abu Dhabi?
- Choose the type of company and determine the economic activity.
- Determine the partners and shareholders if the company is a joint-stock company.
- Specify the name and ensure its availability.
- Prepare the required documents and submit them to the competent authorities.
- Pay the fees and receive the license.
What types of licenses can be obtained in Abu Dhabi?
- Licensing of commercial companies.
- Licensing industrial companies.
- Licensing service companies.
- Licensing real estate companies.
- Licensing tourism and hotel companies.
What are the advantages offered by establishing a business in the free zones in Abu Dhabi?
- Tax exemption.
- Full ownership by foreigners.
- Easy and quick registration procedures.
- Advanced infrastructure and integrated services.
