Abu Dhabi is a home to several companies and businesses now where both foreign and national entrepreneurs participate. However, establishing your own business at this homeland requires more than just an idea. For giving it a practical approach, you must have a valid business license. Acquiring a business license is compulsory if you are planning to run a business in Dubai, United Arab Emirates. It holds the value of legal requirement for any commercial activity that you are pursuing in this city.
Following this article, You will discover the entire process of how to get business license in Abu Dhabi, advantages of starting a business in Abu Dhabi, steps to get a business license in Abu Dhabi. How much does a business license in Abu Dhabi cost? This guide will help you get started with your business idea.
Benefits of starting a business in Abu Dhabi
Starting a business in Abu Dhabi has many benefits, such as:
Setting up business here ensures diverse economy that comes with a lot of opportunities for growth. This way, you will gain access to a wide-ranging market of consumers and consumers for your product or services.
Secondly, the strategic location of this city links East and West with the efficient transportation and logistics networks. With this convenience, you will be able to reach out to billions of consumers and countless corporate clients.
Besides, it offers a suitable environment for investors. The registration and operation of the company is assisted with the policies for carefree investment.
Abu Dhabi has low income and corporation tax rates except import and export taxes.. This means you can enjoy as much as the profit you are generating and can invest later for further growth.
Additionally, you can avail the foreign ownership in the free zone of the country. This convenience offers additional incentives like support services, security and quality infrastructure. All of this benefits and opportunity make the business in the city as a suitable option.
So, rental of large facilities that will help you easily rent large facilities and warehouses to manage your business or store large inventories. This will give you access to better infrastructure and more space to grow your business.
Besides, Obtaining a residence visa. This allows the businessman and his family to live in the city and benefit from its services, such as healthcare, education and banking.
Likewise, a high quality of life, with a multicultural, tolerant and stable society.
Steps to get a business license in Abu Dhabi
The correct business permit in Abu Dhabi. Is essential when establishing a company in Abu Dhabi or the United Arab Emirates. A valid Abu Dhabi business license allows your newly formed company to operate legally. In the city and conduct business activities with greater security and confidence.
Also, without a valid license, your business may be subject to fines or even closure by authorities. Si, obtaining a trade license in Abu Dhabi is usually relatively easy if you follow the steps below to do so.
Choose a Company Name
Finalizing the name for your business is the foremost step before anything else. Select the suitable name that complies with the imposed regulations related to business naming in the United Arab Emirates.
As well, one of the requirements is that your company name clearly describes what your company does. You should avoid potentially offensive terms. As well, as titles that may be misleading or sound similar to other existing businesses.
Apply for an Abu Dhabi Business License
Abu Dhabi mainland and Free zone license are the two types of business license options for all entrepreneurs and investors to choose from. If you opt for free zone license, you will get the convenience of paying 0% income, quick and easy office setup and 100% foreign ownership of your business.
Submit all the Documents
So, you will need to submit a variety of business documents as part of the business establishment process, including:
An application for registration with the Department of Economic Development or the competent authority of the free zone.
- Your Passport copy
- A copy of your business plan
- Your company name approval certificate copy
- Copy of your local sponsor’s passport (if required)
- A copy of Emirates ID
- Your memorandum of association
- Your office lease
- Copies employee visas
- A Business License will be issued
A Business License will be issued
If all documents and paperwork are submitted correctly. Your Abu Dhabi business license will generally be issued within a few days. To get your business license the first time, we recommend hiring specialist. Who can advise you on all the documents required for your particular type of business and make sure they are completed correctly.
How much does a business license cost in Abu Dhabi?
A trade permit in Abu Dhabi usually depends on the complexity of your business application. The number of visas you apply for and the location of your business (free zone or mainland).
Also, the cost of a business license in Abu Dhabi generally starts from 10,000 to 30,000 DRH. But can vary depending on the type of business, structure and location. Also, it depends on the type of license required for your business activity.
That is why, it is cheaper to go with a free zone license in Abu Dhabi. But in some cases it will be more practical to apply for a continental license. Also, there are six types of business license in Abu Dhabi available:
- Industrial
- Tourism
- Professional
- Commercial
- Agricultural
- Occupational
Moreover, the costs of registration, sponsorship, office rental and other operating expenses are must to take in considerations. For a carefree guidance and authentic information, we suggest you to consult our business experts in Abu Dhabi. Hence, get the appropriate breakdown of this important procedure and make your own observation. For this, visit our website and connect to us.
On the other hand, we offer you to have a look at our insights and tap into the topics like small business license in Abu Dhabi, home business license in Abu Dhabi, and food business license in Abu Dhabi or other articles that you might interesting.
