Undoubtedly, Abu Dhabi is a fast-developing economy with wonderful opportunities for entrepreneurs to grow and expand. Entrepreneurs from all over the world prefer Abu Dhabi for business setup. But what makes the Abu Dhabi mainland business setup so attractive and appealing for businessmen all over the world? The advantages involved. 

The advantages of mainland business set in Abu Dhabi are as follows:

• Absence of corporate or personal taxation 

This tax-free city encourages several foreign corporations to set up new or branch offices to enjoy this exclusive benefit. Few exceptions made; Abu Dhabi is distinguished for the benefit of almost complete absence of taxation. 

except for overseas branches of banks and firms dealing in courier services, there is no corporate income tax charged at the federal or emirate levels. Petroleum concession holders are subject to Emirates-level taxes at amounts specifically agreed upon in the respective concession agreements. Personal income tax is not levied.

• Hassle-free recruitments With No Employment Visa Restrictions

It is unlawful in Abu Dhabi to work on any other visa than an employment visa. However, a tourist visa allows you to visit Abu Dhabi while actively searching for employment.  According to recent employment visa regulations, successful applicants who are employed by businesses are compelled to leave the UAE before the issuance of their Employment Visas.

• Lower import duty 

Customs duties are taxes levied on products entering or departing a country via air, land, or sea routes. Items and commodities imported from non-GCC nations to Abu Dhabi are chargeable for 5% tax on their total cost over the CIF. alcoholic beverages and cigarettes are subject to 50% and 100% taxes respectively. And the free trade zones are exempted from any taxation in UAE. 

• Minimum capital is not a restriction in mainland business setup

There is no specific minimum share capital defined in the UAE Companies Law. The only requirement is that the company must have sufficient capital to carry out the purposes for which it was formed. Currently, share capital needs not to be necessarily deposited with a UAE-registered bank.

• There are no annual audits

Companies are generally required to be audited, regardless of where they are in the globe. But this is entirely dependent on the jurisdiction. Business setup in Abu Dhabi mainland is not obliged to be audited annually. 

• Affordable and flexible rentals for offices

Space is a major problem faced in the business setup anywhere. However, the lease and rental plans in Abu Dhabi are very flexible and affordable which solves a big issue for the entrepreneurs. 

• Easy registrations 

The simple and hassle-free registration process for setting up business in the mainland makes mainland Abu Dhabi ideal for business setup.

Planning for a business setup in Abu Dhabi mainland and enjoying the above-mentioned advantages?  Contact a consultancy service today wisely invest for the best returns.