Business Set Up in Abu Dhabi nowadays is very easy and smooth. The Department of Economic Development (DED) in Abu Dhabi introduced a number of new methods to help the business owners to launch and expand their business operations without spending much time information process and administration processes. Company Formation in Abu Dhabi or business setup in Abu Dhabi will now be a brilliant opportunity for business enthusiasts, as now, the Government of Abu Dhabi has made the Company Formation set up seamless like never before. This is a commendable effort that has been initiated from 1st December 2018 focusing on the business growth as well as the economic development of the country. The executive council of Abu Dhabi has also approved new resolutions to exempt all the new economic licenses issued in Abu Dhabi from all the local fees for 2 years.
The new licensing procedures have been changed in Abu Dhabi and there is a huge difference in the license fee. Before the license fee was in between AED 10,000-AED 14,000 for a year, but now it has been reduced to 2,515 AED for two years. This new licensing fee for a minimal amount and exemption of fees from the local government includes all the commercial activities in Abu Dhabi.
The executive council of Abu Dhabi has also approved another resolution of exempting and reducing the fees of 98 basic services which are charged by the Municipalities of Abu Dhabi in private sectors. The authorities now have all are to cancel the fees of 75 basic services that are provided by the Abu Dhabi Municipality and lessen the fees of 23 services by 10-15 percent of the total fees of each service. Below are a few details mentioned?
This big initiative aims:
This new licensing procedure is an initiative that comes under the directives of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and the Deputy Commander of the UAE armed forces.
There are a few legal requirements that are to be fulfilled for business set up in Abu Dhabi. For Mainland Company set up, the company has to get a UAE Local Partner or a UAE National Agent.
What are the types of companies you can register for 100% ownership in Abu Dhabi?
For business persons and entrepreneurs who would like to opt for 100% foreign ownership, under this there are six types of companies you can register in Abu Dhabi:
Aside from 100% foreign-owned company licenses. There are four other company types of licenses that can be registered while setting your Business in Abu Dhabi which are as follows.
There different types of business licenses that can be obtained while Company Formation in Abu Abu Dhabi is as below:
Forming a company in Abu Dhabi at this time at such a low cost, which so many facilities is absolutely a great investment opportunity. Emirates Chartered Accountants Group provides clients with a seamless process of company formation in Abu Dhabi backed by a team of well-experienced Company formation professionals. If you are looking for our service in Bahrain click our website ecaBahrain For Mainland company formation in other Emirates please click below links.