Business Setup in Abu Dhabi Mainland
Business setup in Abu Dhabi mainland
Are you planning to establish your business setup in Abu Dhabi? If so, Prodigy Corporate Services is here to assist you with our comprehensive business setup services.
Abu Dhabi is the capital city of the United Arab Emirates and a thriving economic hub with a rapidly growing business landscape. Abu Dhabi mainland is the most popular location for business setup due to its strategic location, world-class infrastructure, and easy access to a vast market of consumers.
At Prodigy Corporate Services, we provide end-to-end business setup services in Abu Dhabi mainland, ensuring that our clients can focus on their core business activities while we take care of the administrative procedures. We offer a wide range of services, including company formation, trade license registration, visa processing, and other legal procedures required to establish your business in Abu Dhabi mainland.
Our team of business setup consultants in Abu Dhabi has extensive knowledge of the local laws and regulations, which enables us to provide customized solutions to our clients, based on their unique business requirements. Our goal is to help our clients achieve their business objectives, and we strive to ensure that their business setup process is seamless and hassle-free.
In addition to business setup services in Abu Dhabi, we also provide ongoing support and advisory services to our clients, helping them navigate the complex business environment in Abu Dhabi mainland. Our experienced team provides valuable insights and guidance on various aspects of business operations, such as accounting, tax, and compliance.
Partner with Prodigy Corporate Services for your business setup in Abu Dhabi Mainland, and we guarantee a smooth and successful establishment of your business. Contact us today to learn more about our services and how we can help you achieve your business goals.business setup services in abu dhabi
Process to register the company in Abu Dhabi mainland
Here is some content about the process to register a company in Abu Dhabi mainland:
Starting a business in Abu Dhabi mainland requires several steps to be followed to ensure compliance with local laws and regulations. The following is an overview of the process to register a company in Abu Dhabi mainland:
- Determine the legal structure of your company: Before registering your company, you need to decide on the legal structure that best suits your business needs. The most common types of legal structures in Abu Dhabi are Limited Liability Company (LLC), Branch Office, Representative Office, and Sole Proprietorship.
- Choose a trade name: You need to select a unique trade name that reflects your business activities and complies with the naming regulations set by the Department of Economic Development (DED).
- Obtain initial approval: After choosing a trade name, you need to obtain initial approval from the DED to ensure that your business activities comply with local laws and regulations.
- Prepare legal documents: You need to prepare the necessary legal documents, such as the Memorandum of Association (MOA), Articles of Association (AOA), and other relevant documents, depending on the legal structure of your company.
- Obtain a trade license: You need to apply for a trade license from the DED, which allows you to conduct business activities in Abu Dhabi mainland.
- Register with other authorities: Depending on your business activities, you may need to register with other authorities, such as the Abu Dhabi Chamber of Commerce and Industry, the Ministry of Economy, and the Federal Tax Authority.
- Obtain visas: You need to apply for visas for your employees and dependents from the General Directorate of Residency and Foreigners Affairs (GDRFA).
The process of registering a company in Abu Dhabi Mainland can be time-consuming and complex. Working with a professional business setup company like Prodigy Corporate Services can help you streamline the process and ensure compliance with local laws and regulations. We provide end-to-end business setup services, from initial approval to visa processing, and ongoing support to ensure your business remains compliant and successful. Contact us today to learn more about our business setup services in Abu Dhabi mainland.
Documents required to register a company in Abu Dhabi mainland
To register a company in Abu Dhabi Mainland, you need to submit certain documents to the Department of Economic Development (DED). The required documents may vary depending on the legal structure of your company. Here are some of the common documents required for company registration in Abu Dhabi mainland:
- Memorandum of Association (MOA): This document outlines the company’s objectives, business activities, and the rights and responsibilities of shareholders. The MOA must be notarized and translated into Arabic.
- Articles of Association (AOA): This document outlines the internal management structure of the company, including the roles and responsibilities of directors and the distribution of profits. The AOA must be notarized and translated into Arabic.
- Passport copies: You need to provide passport copies of all shareholders and directors.
- No-Objection Certificate (NOC): If the shareholders or directors of the company are sponsored by their employers, a NOC is required from their current employer.
- Initial approval certificate: This certificate is issued by the DED, confirming that the proposed business activities are permitted in Abu Dhabi mainland.
- Lease agreement: You need to provide a copy of the lease agreement for the office space in Abu Dhabi mainland.
- Bank reference letter: You need to provide a bank reference letter confirming your financial standing.
- Power of Attorney: If you are appointing a representative to act on your behalf, you need to provide a Power of Attorney document.
- Trade name reservation certificate: This certificate is issued by the DED, confirming that the proposed trade name is available for use.
- Share capital certificate: If you are setting up a Limited Liability Company (LLC), you need to provide a share capital certificate issued by the bank.
Working with a professional business setup company like Prodigy Corporate Services can help you ensure that all the required documents are prepared and submitted correctly, which can save you time and money. Our team of experts can guide you through the entire company registration process in Abu Dhabi mainland and ensure that your business complies with local laws and regulations.
Advantages of registering a company in Abu Dhabi mainland
Registering a company in Abu Dhabi Mainland offers several advantages for businesses looking to expand their operations in the UAE. Here are some of the key benefits
- Strategic location: Abu Dhabi is strategically located at the crossroads of Asia, Europe, and Africa, making it an ideal location for businesses looking to access these markets.
- Strong economic growth: Abu Dhabi is the capital of the UAE and has a strong economy driven by the oil and gas sector, as well as a thriving tourism industry. The government of Abu Dhabi is also investing heavily in infrastructure, healthcare, education, and other key sectors to drive economic growth.
- Favorable business environment: Abu Dhabi offers a favorable business environment, with tax incentives, low trade barriers, and a supportive regulatory framework that encourages entrepreneurship and innovation.
- Access to talent: Abu Dhabi is home to a diverse and skilled workforce, with a large expatriate community and a strong education system that produces highly qualified professionals.
- Infrastructure and logistics: Abu Dhabi has a modern infrastructure and logistics network, including world-class airports, seaports, and highways, making it easy to transport goods and services.
- Strong legal system: Abu Dhabi has a strong and transparent legal system, with clear laws and regulations that protect the rights of businesses and individuals.
- Political stability: The UAE is a politically stable country with a peaceful and safe environment, which is an attractive feature for businesses looking to operate in the region.
These are just some of the advantages of registering a company in Abu Dhabi mainland. By working with a professional business setup company like Prodigy Corporate Services, you can take advantage of these benefits and ensure that your business complies with local laws and regulations. Contact us today to learn more about our business setup services in Abu Dhabi mainland.
Exact cost of registering a company in Abu Dhabi mainland
The exact cost of registering a company in Abu Dhabi mainland can vary depending on several factors such as the legal structure of the company, the size of the share capital, and the type of business activities that the company will undertake. The costs can include:
- Trade name reservation fee: AED 1,000 (one-time fee).
- Initial approval fee: AED 2,000 (one-time fee).
- Memorandum of Association (MOA) drafting and notarization fees: AED 5,000 to AED 10,000 (one-time fee).
- Commercial license fee: AED 15,000 to AED 20,000 (annual fee).
- Lease agreement for office space: varies depending on the location and size of the office.
- Local sponsor or local service agent fees: varies depending on the agreement with the sponsor or agent.
- Visa fees: varies depending on the number and type of visas required for the company’s employees
It is important to note that the costs mentioned above are only approximate and may vary depending on the specific requirements of your company. Working with a professional business setup company like Prodigy Corporate Services can help you get a clear understanding of the costs involved in registering a company in Abu Dhabi mainland and ensure that you meet all the legal and regulatory requirements. Contact us today to learn more about our business setup services.
FAQ'S
Frequently Asked Questions
What is the minimum share capital required to register a company in Abu Dhabi mainland?
The minimum share capital required to register a company in Abu Dhabi mainland depends on the legal structure of your company. For example, the minimum share capital for a Limited Liability Company (LLC) is AED 150,000.
How long does it take to register a company in Abu Dhabi mainland?
The time it takes to register a company in Abu Dhabi mainland can vary depending on the legal structure of your company and the completeness of the required documents. However, it typically takes around 2-3 weeks to complete the registration process.
Do I need a local sponsor to register a company in Abu Dhabi mainland?
Yes, for most legal structures, you need to have a local sponsor or a local service agent to register a company in Abu Dhabi mainland. The local sponsor or agent can hold a maximum of 51% of the shares in the company, while the remaining 49% can be owned by foreign investors.
Do I need to have an office in Abu Dhabi mainland to register a company?
Yes, you need to have a physical office in Abu Dhabi mainland to register a company. The office can be leased or owned by the company, and it must meet certain requirements set by the Department of Economic Development (DED).
What are the taxes and fees associated with registering a company in Abu Dhabi mainland?
Abu Dhabi mainland offers a favorable tax environment for businesses, with no corporate income tax or personal income tax. However, there are certain fees associated with company registration, such as license fees and registration fees.
By working with a professional business setup company like Prodigy Corporate Services, you can get answers to all your questions related to company registration in Abu Dhabi mainland and ensure that your business complies with local laws and regulations. Contact us today to learn more about our business setup services.
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