I and my partners are looking to create a company in UAE. Abu Dhabi is our location of choice. Can anyone help with key information to do this?
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The UAE’s policies on business opening are flexible and friendly; the government welcomes local and global investors alike. That said, to start a company in Abu Dhabi is straightforward, beginning with identifying your business activity and its legal requirements. The UAE has more than 2,000 business streams of activities to choose from. The next step is choosing your business’s ownership structure, whether general partnership, limited partnership, LLC, or civil company – the list is long.
The next stage is trading name registration; once you’ve decided upon a business name, you need to register it at the Department of Economic Development. You may want to research the requirements and criteria for approving a business name to avoid yours being rejected. The next thing is to obtain a trade name certificate; this allows you to apply for a business license. After that, obtain approvals from relevant entities after fulfilling all requirements; some business models only need the approval of the Department of Economic Development.
After that, you need to obtain a Memorandum of Association (MOA) if your business is a limited partnership, LLC, Public joint-stock company, or private joint-stock company. After that, obtain membership of the Abu Dhabi Chamber of Commerce and Industry; this is compulsory for native and foreign entrepreneurs. Finally, you’ll pay a fee to fulfill all other legal criteria and get your license; once you have your license, your business is ready for work.
Alternatively, you can ask for help from Freecompany.ae, especially if you are running the process remotely. Freecompany.ae takes care of all the governmental and regulatory issues for you. It offers fast company registration and doesn’t require you to travel down to the UAE.