Everyone wants to do a company set up in Abu Dhabi because of its location and business opportunities’. There are more chances of success in UAE as compared to other business areas. There are multiple international companies from China, USA, UK and Europe shifting their operational setup to Abu Dhabi. Reasons for company setup in Abu Dhabi include taxation, documentation, legal security, low cost of operations and availability of skilled labor. However, this article will let you explore the important things required to register a firm and continue business operations in Abu Dhabi. It is preferred to open a service concern business because of the increasing scope. Multiple men’s are also interested in opening their service concern business operations around Abu Dhabi.
Unlike other states, Abu Dhabi follows proper taxation system. The government and taxation authority has defined rules for all the new startups and companies. It is better to consult with an accountancy and legal firm before you setup a company in Abu Dhabi. There are some businesses that have less taxation strictness, and one can easily launch the venture. However, the corporations should ensure the compliance of their accounts with Abu Dhabi taxation authorities.
For a limited liability company setup in Abu Dhabi, you must have
- Company legal registered name.
- UAE identification or a registered person.
- Passports of the person who is doing a company setup in Abu Dhabi.
- The trade sign must be approved and signed by the concerned authority.
- Lease contract (if any)
- A registration certificate issued the Ministry of Economy.
- Letter of no objection by competent authorities of Abu Dhabi.
- The license or commercial registration is also very important requirements.
- Other documents may be required depending on the nature of business and company.
There are multiple courts and authorities across Abu Dhabi that needs to be involved before starting any company. It should be kept in mind that every legal authority has its significance and should not be bypassed. For an instance, if you are setting up an important business, then it is important to see the list of items allowed to import in Abu Dhabi. Similarly, the production and pricing standards are issues by the authorities too.
Operations In Accordance With SOPs
For a good company setup in Abu Dhabi, SOPs must be made in accordance with the local laws. These standard operating procedures are strictly required for both service and manufacturing concern business. It helps taxation and registration authorities to see the authenticity of a company. Also, a good operational capacity may help in getting appropriate finance from banks.
Proper Safety and Security Standards
There are various health and safety hazards in manufacturing business. Make sure one must have required equipment for dealing with security issues. It is very easy to do a company setup in Dubai is security standards are met. Do not forget to share this article with your friends who are interested in starting a venture in Abu Dhabi.