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Opening a company in Abu Dhabi – Investing in Dubai

٠٢ أبريل Opening a company in Abu Dhabi – Investing in Dubai

Some people wonder how to open a company in Abu Dhabi because Abu Dhabi, the capital of the United Arab Emirates, is considered one of the most important economic and commercial centers in the region, as it provides a fruitful investment environment and wide opportunities for entrepreneurship. This emirate enjoys tremendous economic diversity, including industrial sectors, financial services, tourism, and trade, making it an ideal home for launching new and successful projects.

In this article, we will provide you with a comprehensive guide on how to Opening a company in Abu Dhabifocusing on the essential steps to follow and the aspects to consider to ensure the success of your new business. We will also highlight the vast opportunities that await entrepreneurs in this dynamic emirate, which include access to a growing local market, presence in a sophisticated business environment, in addition to the government support and facilities provided by local authorities to investors and businessmen.

With this article you will be able to explore the promising opportunities that Abu Dhabi offers and start your journey towards building a successful and thriving business in this dynamic and growing market.

Opening a company in Abu Dhabi

Opening a company in Abu Dhabi

Costs of opening a company in Abu Dhabi

Opening a company in Abu Dhabi involves various costs depending on the type of company and the chosen business activity. Below is an overview of the costs: Opening a company in Abu Dhabi Without mentioning prices:

  1. License fees: Includes costs of obtaining a company license from the relevant authorities in Abu Dhabi. These fees vary depending on the type of company and the chosen business activity.
  2. Rental costs: Opening a business in Abu Dhabi requires renting an office or commercial space. Rental costs vary depending on location, size of space, and business district.
  3. Other permit and license fees: There may be additional fees for other permits and licenses such as building permits, health and safety licenses, and advertising licenses.
  4. Legal and accounting fees: Costs include legal and accounting consultations to assist in preparing contracts and legal documents and managing the company’s financial accounts.
  5. Insurance costs: You may need to pay for the company’s insurance costs, such as property insurance, employee insurance, and medical insurance.
  6. Annual renewal fees: You need to pay an annual fee to renew your company license and maintain its validity.

This is just an overview of some of the potential costs of starting a business in Abu Dhabi. You can now contact us for more detailed information and to customize it for your particular business.

Company formation in Dubai

Company formation in Dubai In collaboration with Etqan, it represents an amazing opportunity to benefit from the dynamic and advanced economic environment in the Emirate of Dubai. Dubai is one of the most important economic and commercial centers in the world, attracting investments and innovative projects from all over the world.

In collaboration with Itqan, investors can benefit from specialized local expertise and knowledge in company formation procedures and local legal legislation. Itqan provides comprehensive support including advice and assistance in all steps necessary to establish a company, starting from choosing the appropriate legal structure and ending with completing administrative and regulatory procedures.

With a free economic environment and flexible legislation, setting up businesses in Dubai offers significant advantages, including access to a global market, tax facilities, and advanced infrastructure, making Dubai an ideal destination for investors looking to expand their businesses and achieve success.

In short, establishing a company in Dubai in cooperation with Itqan represents a smart and innovative strategic step for investors seeking to exploit the available economic opportunities and build a prosperous future for their businesses.

Types of Legal Structures for Companies in Abu Dhabi

Type of Companythe description
Sole ProprietorshipIt is managed by one person who is responsible for all the debts and obligations of the company. The person in charge of the company must be a UAE national or resident with a local agent.
Shareholding companyIt is run by a group of shareholders who own shares in the company. It can have limited or unlimited liability, and shareholders are liable for debts in proportion to their share in the company.
Limited Liability CompanyIt consists of partners who bear liability for debts and obligations up to a certain limit specified in the contract. There must be a general partner who bears full liability and there may be limited partners who bear liability according to their shares.
subsidiary of a foreign companyIt is managed by a foreign company and is considered an independent company from the parent company. It must be registered and licensed by the relevant government authorities in the emirate. There must be a limited liability company or a sole proprietorship as a major shareholder in the subsidiary.
subsidiary of a foreign companyIt is managed by a foreign company and operates in the emirate as a branch of the parent company. It must be registered and licensed by the relevant government authorities in the emirate. Liability depends on the structure of the parent company.

Conditions for opening a company in Abu Dhabi

Company formation in Abu Dhabi Compliance with a number of conditions and procedures specified by the local authorities is required, and this includes dealing with many legal and administrative aspects. In this context, the services of “Etqan” Company can be the cornerstone to help achieve this goal. Here are some of the main conditions to consider when opening a company in Abu Dhabi in cooperation with Etqan:

  • Type of Company: Investors must determine the type of company that best suits their needs and business objectives, whether it is a sole proprietorship, joint stock company or limited liability company, in accordance with the emirate’s guidelines and laws.
  • capital: The required capital must be provided according to the specified conditions. The required amount is determined based on the type of company and the chosen business activity.
  • Licenses and Permits: The necessary licenses and permits must be obtained from the local authorities in Abu Dhabi to practice the chosen business activity, and Itqan Services can assist with this aspect of the process.
  • legal procedures: Opening a company requires compliance with several specific legal procedures, such as preparing required contracts and legal documents.
  • Financial and tax issues: Investors should understand the financial and tax issues involved in setting up and operating a company in Abu Dhabi, which can vary depending on the type, size and business activity of the company.

By working in cooperation with Itqan, investors can overcome these conditions and challenges with ease and simplicity, as the company provides multiple services including legal, administrative and financial consultations, to facilitate the process of opening a company and ensure its compliance with all legal conditions and requirements in Abu Dhabi.

Establishing a company to work in Abu Dhabi

Establishing a company to work in Abu Dhabi

Steps to establish a company in Abu Dhabi

When you think of Company formation in Abu DhabiThere are several steps to follow. First, you must develop a business plan that outlines the company’s activity, business goals, and financial plans. Then, you can follow the following steps to establish the company:

  1. Specify the type of company: Determine the type of company you want to establish, such as a limited liability company (LLC), a public joint-stock company (PJSC), or a private joint-stock company (PSC), and be sure to comply with applicable laws and regulations.
  2. Choosing a company name: Choose a suitable name for your company and make sure it complies with local laws and regulations. You may need to make sure the name is available and officially registered.
  3. Identify stakeholders and responsibilities: Identify the shareholders and the financial and administrative responsibilities of each partner in the company. You may need to prepare and sign shareholding contracts between all parties involved.
  4. Establishment of the company: You may need to obtain an establishment license from the relevant authorities in Abu Dhabi. This involves submitting the required documents, completing the appropriate forms, and paying the required fees.
  5. Site and office security: Lease the office or commercial space needed for the company and ensure compliance with legal and building requirements.
    Staff and workers arrangements: Register the employees and workers that the company will employ and ensure compliance with local labor and immigration laws.
  6. Obtaining the necessary licenses: Depending on the nature of the work you do, you may need to obtain additional licenses related to your business activity, such as health and safety and environmental licenses.
  7. Compliance with accounting and tax regulations: Ensure compliance with Abu Dhabi accounting and tax requirements and arrange financial documents and prepare required reports.

These are just general steps and their details vary depending on the type of company and the chosen business activity. It is best to contact our company experts for specific guidance and customization to your individual situation.

Establishment License in Abu Dhabi

Establishment License in Abu Dhabi

Licenses and permits required to start a business in Abu Dhabi

Commercial license To establish in Abu Dhabi is the official license that a person or company obtains to start a business in the Emirate of Abu Dhabi. The conditions for obtaining this license vary depending on the type of business activity and the legal structure of the company in order to obtain an establishment license in Abu Dhabi, so you need to submit the following documents:

  1. Establishment License Application Form: The incorporation license application form must be filled out with the necessary information about the proposed company, such as its name, type and business activity.
  2. Copy of the Articles of Association: You may need to provide a copy of the company’s articles of incorporation or memorandum of association, which outlines the shareholding structure, responsibilities and financial rights of partners.
  3. Copy of shareholder’s passport: A copy of the passports of all shareholders of the proposed company must be submitted.
  4. Business plan and financial reports: You may be asked to submit a detailed business plan explaining the company’s vision, goals, and future strategies. You may also be asked to submit financial reports such as financial projections, cash flow, and income projections.
  5. Health License Form: If you intend to establish a company in the healthcare or pharmacy field, you may need to submit a health license form in accordance with legal requirements.
  6. Environmental License Form: If you intend to establish a company in the environmental or industrial sector, you may need to submit an environmental license form in accordance with local environmental requirements.
  7. Insurance Certificate: You may be required to provide a certificate of insurance covering civil liability or occupational risks.

Itqan Company Services in Establishing Companies in Abu Dhabi

Itqan Company provides a comprehensive range of services to help entrepreneurs open companies in Abu Dhabi. These services include, but are not limited to:

  1. Company formation consulting: Our company provides comprehensive consultations to investors to help them understand the steps and requirements needed to establish a company in Abu Dhabi, including choosing the appropriate type of company and determining the necessary procedures for registration.
  2. Preparing documents and papers: Our company team helps in preparing all legal and administrative documents and papers required to establish the company, including contracts, agreements and official forms.
  3. Licensing and Permitting Arrangements: Our company team deals with the relevant government agencies to obtain all the necessary licenses and permits to start working efficiently and effectively.
  4. Management and Operation Services: After the company is established, our company can provide ongoing business management and operation services, including accounting, taxes, payroll and marketing, to facilitate the process of running the company.
  5. Legal and financial consultations: Our firm provides customized legal and financial advice to help clients understand local laws and regulations, and provide professional advice for full compliance and success in their business.
  6. General support and follow-up: Our company provides continuous support to its clients after the company is established, by providing professional guidance, advice and periodic follow-up to ensure continued success and growth in the market.

Company in Abu Dhabi

At the end of this article, we can say that Opening a company in Abu Dhabi Requiring good planning and financial and legal preparation, those wishing to invest in this dynamic market must adhere to official procedures and local laws to maintain the legitimacy of their operation and ensure the success of their business.

The costs of starting a business vary and depend on many factors such as the type of business, its size, and the services you need. It is essential to check each cost and its requirements in advance to avoid unwanted surprises.

As one of the most important economic cities in the region, Abu Dhabi provides a favorable environment for investment and economic growth. The government provides many supports and incentives to attract entrepreneurs, making it an ideal destination for starting up businesses and expanding existing ones.

With the right guidance and planning, business people can achieve success in Abu Dhabi and take advantage of the vast growth opportunities offered by this modern and thriving city.

The most important frequently asked questions about opening a company in Abu Dhabi

What types of legal structures can I choose to open a company in Abu Dhabi?

You can choose a sole proprietorship, joint stock company, limited liability company, or partnership.

What are the basic steps to take to open a company in Abu Dhabi?

Determine the type of business activity, determine the company name, submit an application to register the company with the Department of Economic Development, and determine the required capital.

What licenses and permits do I need to start working?

Local licenses from the Department of Economic Development and the Ministry of Commerce and Industry, as well as work and residence permits, are required.

Can I have full ownership of my company as a foreigner in Abu Dhabi?

Yes, foreigners can fully own their company in some specific activities according to local laws.