Saturday, 30 April 2016

Business Setup Services in Abu Dhabi

Business Setup Services in Abu Dhabi

business setup in abu dhabi

We Help You Setup Business In One of the Most Prosperous, Secure, and Fastest Growing Markets in the World!
Why Setting up Business in Abu Dhabi is A Smart Decision?
Abu Dhabi, being the political capital of United Arab Emirates, is one of the most preferred offshoring destinations in the world. It accounts for 96% of the country's total oil reserve, and offers wide investment opportunities to almost all economic sectors.
Apart from the fact that it is affluent and safe, setting up a business in Abu Dhabi is much sought-after due to its transparent and flexible procedures. Unlike most countries, it just takes few days to set up a new business or open an offshore branch of your company in Abu Dhabi if you fulfill the required formalities correctly.
Almashora is a leading company that offers business setup services in Abu Dhabi and is well aware of all the legal and practical requirements for business setup in the area. We make our clients aware of the local culture, relevant business setup laws and procedures, and ensure that the setup process is efficient and risk free.
Prominent Categories of Business Setup in Abu Dhabi
If you plan to create contacts, develop long-term customer relationships, and get orders in the Middle East, setting up a business in Abu Dhabi should be one of yours top priorities. 

There are 2 categories of business setup in Abu Dhabi:

1.   Free Zone Company
2.   Mainland Company
Abu Dhabi Economic Department is the licensing authority which issues licenses for all kinds of business in Abu Dhabi except for the free zones. The licenses issued in Abu Dhabi are:
LLC (Limited Liability Company)
Branch of Foreign Company
Branch of Local (UAE) Company
Establishment (Only for UAE nationals)
Public Joint Stock Company/Private Stock Company
Free Zones
An Expatriate can choose either Mainland or Free Zone to set up his new Company according to his/her requirements.
Free Zone CompanyFree zones offer single window administration, and are established as independent jurisdictions that allow the expatriate entrepreneur to own a company wholly (100%). There is no requirement to appoint a UAE national as a service agent of a branch or as a partner if the business is setup in Free zones. Setting up local business in UAE has some restrictions, so, Free Zones act as a window to carry on international business trade. However, local (UAE) supply of goods has to be channeled through local distributors, and the company is supposed to pay 5% customs duty for it.
Free Zones issue licenses for:Commercial trading
Branch of Foreign Company
Mainland Company
Abu Dhabi has a list of Mainlands (commercialized geographical areas that fall under UAE Government and its authorities), with regularized policies and legal structures that make it one of the most developed economies. Almashora has expertise and experience in setting up Mainland companies in Abu Dhabi, and can help you set up your dream company without any hassles. Read more about the Mainland companies in Abu Dhabi.

8 Procedures to Setup a Business in Abu Dhabi

Some procedures and legal requirements need to be fulfilled for setting up business in Abu Dhabi.Almashora is well aware with the formalities required to set up a business, and can help you take care of all the below mentioned procedures:
1. Determining the Type of Economic Activity:Legal procedures and fee may vary depending on the nature of your business activity. We help you gain clear understanding of your intended business activity before initiating the procedures, so that there are no confusions at the later stage.
2. Finding a Local Sponsor:As per the UAE jurisdiction, foreign companies need a local sponsor (service agent / company comprising of UAE nationals) to open a branch office in Abu Dhabi, who will facilitate necessary licenses for the branch office without bearing any liability to capital contribution or losses.
3. Determining the Legal Form of Business:Rules and regulations are different for different ownership types and business establishments. We help our clients determine which type of legal structure is appropriate for their business needs.
4. Registering Trade Name:Trade name distinguishes businesses and represents their nature and legal form. We help our clients not only in setting up business in Abu Dhabi but also help them in registering trade name from the list of registered trade names provided by Department of Economic Development (DED).
5. Obtaining the Initial Approval:The approval from General Directorate of Residency and Foreigners Affairs - Abu Dhabi (GDRFA) is compulsory for foreign investors before getting the initial approval. Initial approval certificate is required to continue with the business license formalities that permit foreign nationals to practise desired business activity in Abu Dhabi. We help our clients get all required approvals from the concerned authorities including DED, and help them pay legal fee for issuing business license.
6. Fulfilling Licensing RequirementsVarious types of licences issued by the Abu Dhabi licensing authorities are:
Agricultural Licence
Commercial Licence
Industrial Licence
Professional Licence
Tourism Licence
Vocational Licence
We help our clients get all the licenses, avail No Objection Letter from the deemed authority, and also get their legal documents translated into Arabic by the legal translator.
7. Getting Special ApprovalsAdditionally, Almashora helps foreign investors get special approvals from desired departments of Ministries like:
Abu Dhabi Customs Authority
Abu Dhabi Distribution Company
Abu Dhabi Education Council (ADEC)
Abu Dhabi Food Control Authority
Central Bank
Medical council
Ministry of Agriculture and Department of Health
Ministry of Civil Aviation
Ministry of Economy
Supreme Petroleum Council
Telecommunications Regulatory Authority

Setup your Dream Business in Abu Dhabi with Almashora
We support companies setup a business in Abu Dhabi, a leading international trading hub in the Middle East. We assist our clients penetrate into this booming economy by taking care of all the legal formalities, help their business gain a foothold, establish free trade agreements, and ensure that they avail all state-of-the-art facilities of the region.
For business setup services in Abu Dhabi, contact us. Our experts will be glad to assist you.

Tuesday, 26 April 2016

Business setup in abu dhabi,Dubai

How to Setup business in Abu Dhabi, Dubai, UAE?

business setup in abudhabi

To start business in Abu dhabi, Dubai you shall know a couple of core matters which are worth to consider:
First of all there are seven Emirates in the UAE and each of such Emirates has its own procedures to start business. Even though there are federal laws which, clearly, have the power along all UAE, different Emirates have different additional rules and regulations which apply. Thus, for example, the procedure and requirements to start business in Dubai and the procedure to start the same business in Abu Dhabi would be rather different.
Moreover in each Emirate there are different options for the company formation – as the Free Trade Zone onshore or offshore company as well as the Non-Free Trade Zone Company with the local sponsor or local agent in Dubai or other Emirate.
Another important point to consider to start business in Dubai or other Emirates is to define the exact scope of the services the company would provide. For example, if you do the company formation with the local sponsor in Dubai and decide to participate in governmental tenders in Abu Dhabi, most likely your company would be rejected from such tenders in Abu Dhabi as it must be, for such cases, be formed in Adu Dhabi .
Another sample – you do the company formation and start the business in Free Trade Zone in, for example, Emirate Ras Al Khaimah, and then realize that you need the office in Dubai: In such case you would not be able to have the office of your company in Dubai unless you would make its branch which would cost you additional time and money.

company formation in Abu dhabi,Dubai In UAE

Many think about Dubai when they decide to start business in Abudhabi UAE. However, to start business in UAE, along Dubai there are a number of other options in the United Arab Emirates for the company formation. Generally if you are not linked to Dubai, other Emirates of UAE may be the more cost-efficient  option for the company set up as well as the office and land / storage facilities lease.
What are the most common difficulties faced when starting business in Dubai and other Emirates?
  1. Definition of the right type of the company and right type of its license and place (Emirate, Free Trade zone) of the company  formation / registration.
  2. Finding a local sponsor.
  3. Preparing and filing all the documents for the company formation with the respective authorities.
  4. For the licenses which require some professional qualifications – preparing and filing all the necessary documents to receive the respective approvals for the license.
  5. Opening bank account. Even though it does not seems to be hard to open a bank account, sometimes, without the knowledge on how the banks work, opening a bank account in Dubai can be quite complicated and time-consuming.

On the company types in Dubai and other Emirates –

 The business in Dubai and other Emirates of UAE can be formed in a number of different ways with different costs and requirements. In total the options are as follows:
  • 3 types of offshore companies;
  • Around 30 Free Trade Zones having different types of companies in each of such Free Trade Zones with fairly  different requirements depending on the Free Trade Zone and the company type and its business activities.
  • Non-Free Trade Zone companies which can be formed as professional or commercial companies and depending on that the local would act as the local partner or local sponsor
On top of the above there are different regulatory authorities  which shall provide respective permissions for the business activities which require such permissions, for example, for travel agency, depending on scope of its services , the approvals may be required from the aviation authority, immigration authority etc.
Finding a local sponsor – finding the right local sponsor or local agent, if such one is required, is one of the core issues to start business in Dubai or other Emirates of UAE. If you do not choose the right sponsor and make the company formation ion Dubai with the randomly chosen sponsor, you can be totally blocked for the further business. The signatures which you may require from the local sponsor / agent, for example, to register the company’s new employees or to receive some additional permissions to start business and, when such signature is missing as you cannot reach you sponsor / agent, can totally block your business.
Preparing and filing all the documents for the company formation with the respective authorities – when you start business in Dubai and shall resolve the company formation issues, quite often you face the scenario that it takes you a lot of time and efforts to find out all the procedures and requirements for the business set up. Due to the missing experience you may lose quite a lot of time at the stage of the company formation and, instead of starting the business itself, struggle with administrative matters.
Opening Offshore bank account and Onshore bank account in Dubai. Opening bank account for offshore as well as onshore companies in Dubai and other Emirates as well as foreign companies can cost you quite a lot of time and energy if you do not know the specifics of the banks in UAE.
Summary: to start business in Abu Dhabi Dubai you need to plan sufficient time to figure out all the details you may need. Before starting company formation in United Arab Emirates you shall define the exact company activities and the legal requirements for such. To start business in Dubai is not harder that in any other county which is new for you. In fact, thanks to its highly business-friendly environment and  absence of taxes on most of the type of the business, opening business in Dubai is quite  straight forward and easy if you have the experienced professional business management consultants in UAE on your side whereby such consultants can save a lot of time and money for you.
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