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How to start business in Abu Dhabi ?

UAE is a well-known for its business climate.This presentation describes important information which should be remembered while starting a business in Abu Dhabi.

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How to start business in Abu Dhabi ?

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  1. HOW TO START A BUSINESS IN ABU DHABI

  2. Introduction • The UAE is an ideal place to start a business, given the number of free trade zones and generous government support. • Abu Dhabi Airport Business City (ADABC) is a free trade zone known for its nurturing business climate.

  3. The transparent procedures involved in business formation means the entire process, from application to incorporation, is completed in just a few days. • ADABC requires businesses to complete a few essential steps, following which business licenses are issued.

  4. Here are the steps are involved in forming a company in Abu Dhabi:

  5. 1.Decide the type of business activity • The first step in setting up a company is to decide the type of business activity/activities. • After that, the process for obtaining a business license will be initiated. NOTE: The fees and licensing requirements for company formation change according to the type of business activity.

  6. 2. Decide the legal form Different legal forms: • Public shareholding company • Private shareholding company • Limited liability company • Partnerships NOTE: The legal form of the company is decided based on the type of business activity.

  7. 3. Register the trade name After finalizing the activity and the legal form of the company, a trade name must be chosen to distinguish it from other businesses in the region. Trade name should be: • Unique • Suit the nature of activity • Conform with company’s legal form

  8. 4. Issuing initial approval • The initial approval certificate can be obtained by paying the required fees and submitting a specified set of documents. • The initial approval certificate allows the business to initiate proceedings toward obtaining a business license.

  9. 5. Approval from concerned authorities • Licensing procedures can be set in motion after receiving the initial approval from the concerned authorities. • The application status can be checked online.

  10. 6. Issuance of license: • The business license is a certificate that enables an individual or company to practice a business activity as stipulated by law. • Business licenses are issued by the Department of Economic Development after approvals by the concerned authorities.

  11. Major Types of Business Licenses • Commercial License - Issued to company owners practicing general business activities • Agricultural License - Issued to companies engaging in agricultural activities

  12. Professional License - Issued to individuals who practice a particular profession, or create and sell items on their own • Occupational License - Issued to professionals who rely on their physical, mental or intellectual abilities to run their business

  13. Contact Us • Need a helping hand to guide you through the process, or have any enquires to make? • Visit us at http://www.worldwideformations.com/abu-dhabi-airport-business-city.php

  14. THANK YOU

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