Things to Know for Setting up a Business in Abu Dhabi Mainland When business planning starts, there are many factors that you have to remember for a successful establishment and the most important amongst them is the location. You should set up your business in such a place where it will attract maximum customers and will you will get maximum revenue in return. As per the current trend, investors and budding entrepreneurs are very much inclined to start their business in UAE. There e various emirates in the country but the one where the investors keep their eyes is Abu Dhabi mainland. Do you know why are they interested in the Abu Dhabi mainland business setup? There are a few advantages that they get to enjoy:
It is a prominent location and easily accessible from the rest of the world. Unlike other emirates, the commercial license in Abu Dhabi is valid for 2 years. 100% foreign ownership and exemption from personal and corporate income tax Business set-up cost is much cheaper as compared to other emirates Top-notch living standards with world-class facilities No foreign exchange controls, trade barriers and quotas Easy company registration with less stress on renewals
So, if you are planning to set up your business, we recommend Abu Dhabi mainland. You will get what you dream for. We know it is a bit challenging so we have mentioned steps for Abu Dhabi mainland business set up to make it easy for you. Select the type of business activity- The first step does not have any relation with location; it is you who has to decide on the type of business activity that you wish to run. You should select the one in which you have maximum knowledge and understanding. Also, remember that the fee for legal proceedings and other related expenses depend on the nature of the business. Hunt and confirm a local sponsor- Your Abu Dhabi mainland business setup process will be incomplete if you do not have a local sponsor. The local sponsor will handle the licenses of the branch office and will not be part of any losses or capital contributions. Be specific with the legal form of your business- The rules and regulations are different for different types of business so you have to decide under which legal entity, you wish to run your organization. You cannot jump from one to another as it will disturb your business operations. Register your trade name- You are well aware that a company can never work without the name so you do have to select one that will get the best with the nature of the business. Selecting a name is not enough; you gave it to get it registered so that you can represent it worldwide.