Tuesday, 19 July 2016

Starting a company in Abu Dhabi or Dubai

Starting a company in Abu Dhabi or Dubai


Starting a business in Abu Dhabi, United Arab Emirates can be tricky. Abu Dhabi is located strategically between Europe, Asia and Africa which makes it one of the best places to build a business or create your corporate headquarters.
Since Abu Dhabi doesn't charge any personal or company taxes unless you're dealing with oil or banks, it makes it a good opportunity to build a business here, if you can find people to work with that you trust.
Abu Dhabi also offers low duties and some imported good are tax exempt also indicated a possibly lucrative market if you have the right products.

Buying or Renting a Place of Business


Firstly, always use a lawyer who understands the law of United Arab Emirates. They will also know how to structure your business properly.
They will review all contracts for buying or renting property and will keep you out of trouble with the law in Abu Dhabi. If you do run a foul of the law, contact legal advice immediately!
Have all your protections in place before you purchase any property in Abu Dhabi or in any of United Arab Emirates. They will take the side of the locals in most cases.
Ensure you have an adequate will in place to deal with the wishes of your successions in case of the unexpected.
Useful Abu Dhabi Government websites with details on licensing and registration are www.business.abudhabi.ae and http://www.almashora.ae/services/company-formationabudhabidubai/

Types of UAE Companies

Individual Emirates have their own laws you'll need to understand, but most of them are regulated by Commercial Companies Law and the Trade Agencies Law.
The UAE has various types of companies reconciled by Commercial Companies Law 
• A Free Zone Company
• A Limited Liabilities Company
• A Limited Liability Partnership
• A Public Joint Stock Company
• A Private Joint Stock Company
• A Representative or a Branch Office
• A Professional Firm
Enterprises/Establishments
If you setup a company outside of the free trade zone the locals have to own at least 51% of the company including the chairman, general partners, etc. That means they have to be citizens of Abu Dhabi.
You can establish a business with Arab nationals with either : a representative office of an overseas company, partnerships, free-zone companies or as a limited liability establishment.
You will need a contract with a citizen of Abu Dhabi to create any of these:
• A nationally registered branch
• A nationally registered representative office
• A local registered representative office
Limited-Liability Companies
It's easier to form a commercial company as a limited liability company. Fifty one percent still needs to be owned by a local of Abu Dhabi. The exception is real-estate business, where as it can be 100% owned locally.
Professional Partnership
"Work based on investing mental talents and acquired information" is the official definition of a professional business in Abu Dhabi.
All businesses are ruled with Local Orders for each Emirate. You must have a local national to serve as an agent for the business.
Free Zones
There are a few free zones for business in Abu Dhabi. This means you don't need local employees nor does half the business have to belong to a local national. It also guarantees investors are not liable for business taxes but only for a certain time period. You also aren't responsible for import/export duty for goods sent in and out of a FreeZone.

4 comments:

  1. A one stop consultancy answer for all your business and promoting needs to productively connect with your focused on clients. edurar giving rundown of Companies in Dubai, Business Directory in Dubai, Services in Dubai, Products in Dubai and Brands in Dubai.

    ReplyDelete


  2. الاول سيو شركة الاول لخدمات التنظيف
    ومن اقسام الاول سيو قسم الخدمات المنزليه مثل افضل شركة تنظيف بالرياض
    وافضل شركة تنظيف شرق الرياض بالاضافة الى افضل شركة مكافحة الحشرات بالرياض وتغطى خدماتها شرق وشمال الرياض فالاول افضل شركة مكافحة حشرات شرق الرياض تستخدم اقوى المبيدات الحشرية
    شركة تنظيف منازل بالقطيف
    شركة تنظيف منازل بينبع


    شركة غسيل كنب بالرياض - شركة ترميم بالرياض
    الاول شركات تخزين اثاث بالرياض
    توفر افضل المستودعات لتخزين الاثاث والعفش التى تتوفر بها كل عوامل الامن للحفاظ على الاثاث وتقوم بتغليف الاثاث قبل تخزينه للمحافظة عليها فالاول افضل شركات تخزين العفش بالرياض ونوفر سيارات لنقل الاثاث من اى مكان داخل المملكة .

    شركة صيانة مكيفات بالرياض
    بالاضافة الى خدمة نقل اثاث بالرياض فنحن نمتلك اكبر اسطول نقل بالرياض يوفر لك افضل خدمة نقل اثاث بالرياض
    بالاضافة الى ان اسعارها في متناول الجميع فهى فالاول شركة نقل اثاث بالرياض رخصية بالمقارنة مع باقي الشركات بالرغم من جودة عملها ودقة المواعيد فهى تقوم بتغليف العفش للحفاظ عليه اثناء النقل وتقوم باستخدام سيارات مغطاه مخصصة لنقل العفش للحفاظ عليه من اضرار الشمس والامطار والاتربة فالاول افضل شركة نقل اثاث بالرياض وتغطى كافة مدن المملكة
    نقل اثاث بالرياض - ارقام شراء اثاث مستعمل بالرياض
    شركة تنظيف اثاث بالرياض - تخزين العفش بالرياض
    وان كنت بحاجة الى شركة شراء اثاثك القديم المستعمل فباتصالك بنا تحصل على افضل شركة شراء اثاث مستعمل بالرياض والخرج
    حقين شراء اثاث مستعمل بالرياض

    ReplyDelete
  3. The single-most important factor responsible for this explosive growth is the exceedingly investor friendly and favourable laws and policies that govern the setup of new businesse in Dubai.

    ReplyDelete

Related Posts Plugin for WordPress, Blogger...
Business setup in abu dhabi,company formation in abu dhabi,business setup in abu dhabi,UAE