ABU DHABI MAINLAND COMPANY FORMATION
Abu Dhabi mainland company formation refers to the process of setting up a business in the mainland area of Abu Dhabi, which is governed by the Abu Dhabi Department of Economic Development (ADDED). This type of company formation is a popular choice for businesses that want to operate in the local market and have access to a wider range of business activities. In conclusion, Abu Dhabi mainland company formation offers many advantages to businesses that want to operate in the local market and can have access to a wider range of business activities.
Abu Dhabi, the capital of the United Arab Emirates has been one of the fertile destinations for starting business ventures and opening new branches. The rulers of the emirates have been prudent to extend optimal support to expatriates and residents in setting up new businesses. In turn, benefiting the economy of the emirate.
Recognizing the impact foreign investors can have on the financial stability and growth of the emirate, the authority formulated an easy-to-pursue business set up process. Although this is the case, support from our experienced professionals will expedite the process. Further, we will provide you with guidance concerning the best business activity for you, the type of license required, the right location and so on.
Advantages Of Abu Dhabi Company Formation
- Access to a wider range of business activities: Companies formed in Abu Dhabi mainland have access to a wider range of business activities, including trading, manufacturing, and services.
- No restrictions on the location of business: Unlike free zones, companies formed in Abu Dhabi mainland can operate anywhere in the UAE, giving them greater flexibility in terms of location.
- No restrictions on the number of visas: Companies formed in Abu Dhabi mainland can apply for as many visas as required, subject to meeting the relevant criteria.
- No minimum capital requirement: There is no minimum capital requirement for companies formed in Abu Dhabi mainland, making it easier and more cost-effective to start a business.
- Access to local market: Companies formed in Abu Dhabi mainland have access to the local market and can trade with other companies in the UAE.
- Access to government tenders: Companies formed in Abu Dhabi mainland have access to government tenders and contracts, which can be a significant source of revenue.
- Greater credibility: Companies formed in Abu Dhabi mainland are seen as more credible and trustworthy by local customers and partners.
Services
How To Setup A Company in Abu Dhabi Mainland?
Choose A Business Activity
Choose A Legal Structure
Choose A Trade Name
Obtain Initial Approval
Draft the Memorandum of Association (MOA)
Obtain A Business License
Register for VAT
Register For Social Security
Get Additional Approvals
License Type and Business Activity under Abu Dhabi Mainland
Documents Required to Setup Business in Abu Dhabi
To set up a business in Abu Dhabi, the following documents are generally required:
- Passport copies of all shareholders and directors
- Emirates ID copies of all shareholders and directors
- No-objection certificate (NOC) from current employer (if applicable)
- Proof of residence for all shareholders and directors
- Tenancy contract for the business premises
- Memorandum of Association (MOA)
- Power of Attorney (POA) for company setup
- Trade name reservation certificate
- Initial approval certificate from the Department of Economic Development (DED)
- Bank reference letter
- Capital certificate from the bank
- Business plan
- Application form for business setup
It is important to note that the specific documents required may vary depending on the type of business and the legal structure chosen.
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Frequently Asked Questions (FAQ)
A Dubai mainland company is a business entity that is registered and operates within the boundaries of the Dubai mainland, as opposed to free zones or offshore areas.
The requirements for forming a company in Abu Dhabi include a minimum of two shareholders, a physical office space, a minimum share capital (depending on the type of company), and a business plan.
The timeline for forming a company in Abu Dhabi can vary depending on the type of company, but it usually takes between 2-4 weeks to complete all necessary steps and obtain the necessary approvals.
Legal structures include Limited Liability Company (LLC), Sole Proprietorship, Public Joint Stock Company (PJSC), and Private Joint Stock Company (PrJSC).
Yes, foreign companies can establish branches in Abu Dhabi Mainland, subject to certain conditions and approvals from the relevant authorities.
Yes, some sectors, such as oil and gas, may have restrictions on full foreign ownership.
Documentation requirements include passport copies, business plans, lease agreements, and other specific documents based on the business type.