Establishing The Company In The Abu Dhabi Free Zone
Abu Dhabi Free Zone, the largest of the seven emirates and the federal capital of the United Arab Emirates, covers more than 80% of the country’s total land area. There are a number of free zones in Abu Dhabi that provide an ideal environment for establishing companies in Abu Dubai and a way for international investors to access the country’s full potential.
As part of the emirate’s efforts to diversify its economy and encourage international investment, Abu Dhabi has established free zones such as Industrial City of Abu Dhabi, Zone 1 Abu Dhabi, Masdar Free Zone, Khalifa Industrial Zone, Free Port Abu Dhabi, and Abu Dhabi Airport Free Zone. The main reason for registering a company in Abu Dhabi is the many benefits and facilities that shareholders obtain by establishing a business in one of the free zones in the emirate.
Advantages Of Abu Dhabi Free Zone Company:
Each of Abu Dhabi free zones offers different types of benefits to different types of enterprises. This is because the free zone dedicated to IT companies immediately meets the needs of IT companies. However, there are some general advantages to setting up a business in the Abu Dhabi Free Zone. All free zones in Abu Dhabi offer the following benefits:
- There are many opportunities for communication and collaboration.
- With the help of consultants, the process of setting up a company has become simple.
- For skilled foreign professionals, visas and an expedited immigration process are available.
- Simple laws and regulations make running a business easier.
- Simple contact with authorities.
- There are many opportunities for communication and collaboration.
- With the help of consultants, the process of setting up a company has become simple.
- For skilled foreign professionals, visas and an expedited immigration process are available.
- Simple laws and regulations make running a business easier.
Legal Entities In Abu Dhabi Free Zone:
Free Zone Limited Liability Company:
LLC is a stand-alone legal corporation with one or more individuals, corporations, or a combination of both types of shareholders. Depending on the type of economic activity, different minimum capital requirements apply.
Branch of a foreign company:
After obtaining a license from the Ministry of Economy and Commerce a foreign company can do basic business in the United Arab Emirates or open an office or branch.
Branch of an Emirati company:
Companies in the UAE may also establish a branch in a free zone, the mainland or abroad.
Self-employment license:
A self-employment permit is granted to self-employed workers, identifying them as sole practitioners and allowing them to run a business using their own name rather than a brand name.
How Do You Create A Business Free Zone In Abu Dhabi?
To facilitate and encourage international investment, the government encourages the establishment of companies in the free zones in Abu Dhabi. As a result, the procedures for establishing a company are simple, uncomplicated, a short time taken process, and free of bureaucratic worries.
Determine the type of business activity:
As every company’s activity has its own set of rules and regulations, you must first decide which activity you will engage in and then implement it.
Trade name registration:
After completing the first step, you will need to register your company’s trade name. You can submit a list of potential names to the Abu Dhabi Free Zone Authority.
Obtaining approvals from the Free Zone Authority:
The investor must obtain approval to grant the commercial license when he gets the initial approval for the trade name..
Issuance of license:
Setting up a free zones business in Abu Dhabi requires the company registration. After obtaining approval, follow the company registration procedures and pay the license fees. The cost of obtaining a license varies depending on the type of license required.
Abu Dhabi Free Zone Compliance Requirements:
Companies operating in the UAE (land, sea and free zones) are subject to new and critical laws. Abu Dhabi free zones are also subject to legislation designed to tackle financial crimes such as money laundering, tax evasion, base resin, profit shifting, etc.
Companies licensed by free zones in Abu Dhabi must evaluate their compliance with all requirements. Even companies undergoing liquidation in Abu Dhabi free zones must follow the ESR, UBO and AML-CFT requirements. Failure to comply will result in harsh penalties and severe repercussions, such as suspension of business license and exchange of information with a competent foreign authority. Businesses with access to Abu Dhabi Free Zone business setup services can quickly ensure compliance and avoid severe fines.
While doing the Abu Dhabi Company Registration process investors will see that Abu Dhabi Company Register is not only a simple and convenient process but user-friendly as well. Many Freezone Companies in Abu Dhabi get advantage due to streamlined processes offered by these zones. Company formation in Dubai is offering robust support and infrastructure for new businesses for those interested in Company Formation in Dubai.
In addition to setting up in Abu Dhabi, investors avail opportunities for business setup in Al Ain and enjoy the Global Markets through the Abu Dhabi Global Market. The strategic location near Khalifa Port offers the best place for trade. The City of Abu Dhabi is a thriving hub for Oil and Gas industries other than all other industries. The availability of Office Space in Free Port areas give a lot of supporting options for business operations like Construction Material supply and Company Formation services along with Business License which ensures compliance and smooth operations.