The UAE, specifically Abu Dhabi, is considered to be a prime destination for entrepreneurs all over the world looking to set up their company in a booming and profitable economy. Being the capital of the UAE, it is known to be one of the most rapidly growing and most wealthy markets in the entire world.
What makes Abu Dhabi a great choice for setting up a business is its great location combined with the ever so diverse and expanding economy. The process of setting up a new business is quite easy and quick as it only takes a few days to set up. By hiring the right consultancy service, this task can be made a whole lot easier so that you can have a hassle-free experience. If you decide on Abu Dhabi mainland for your business setup, you are likely to have a large number of options to choose from. However, you are required to have a local sponsor across the board. There are other rules and regulations that you must understand and follow before you can set up your mainland business in Abu Dhabi, some of them are mentioned below.
- Determine the economic activity:
If you wish to get a business license, it is essential for you to determine the economic activity of your proposed business. After all, it is known that different business activities tend to have different requirements such as the size and location of the company. - Determine the legal form of business:
One of the most important things you must determine is the type of legal structure your business will have. This tends to include determining the partners and shareholders you require for your business. In total, there are nine different kinds of legal forms that you must choose from for your mainland business. - Registration of your trade name:
Your next step is to choose an appropriate and professional name for your company and get it registered. You would be required to fill out an application form and submit all the required documents, depending on the type of business activity you choose to have. - Obtain initial approval:
This is the step where you request an initial approval certificate from the respective authorities. After you receive the certificate, you will be allowed to proceed with applying for your business license. Furthermore, you would have to get approval from the Commercial of Residency and Foreign Affairs and General Directorate of Residency and Foreigners Affairs. - Obtain the final approvals:
As for your next step, you would have to get final approval from the Department of Economic Development and other government authorities that are needed for your particular business activity. - Issuing your business license:
Your final step after getting the approval is to pay the required fees and obtain your much-anticipated business license. After that, you would be able to start your business in Abu Dhabi mainland.
By following these steps with the help of a consultancy firm, you would make sure that the process goes smoothly, without any hassle whatsoever, and start with your business as soon as possible.