By HKM Business / May 1, 2023
Setting up a business in Abu Dhabi, United Arab Emirates (UAE) requires several steps and procedures to be followed. Here is an overview of the process:
- Determine the type of company you want to set up: You can choose to establish a limited liability company (LLC), a sole proprietorship, or a branch office.
- Choose a business name: You need to select a unique name for your business and get it approved by the Department of Economic Development (DED).
- Obtain initial approval: You need to obtain initial approval from the DED, which involves submitting the required documents such as passport copies, a business plan, and other relevant documents.
- Lease business premises: You need to lease a physical location for your business, and the lease agreement must be registered with the Abu Dhabi Municipality.
- Obtain necessary licenses and permits: Depending on your business activities, you may need to obtain additional licenses and permits from various government agencies.
- Register with the Abu Dhabi Chamber of Commerce: You need to register your company with the Abu Dhabi Chamber of Commerce and Industry.
- Obtain a trade license: You need to obtain a trade license from the DED, which allows you to legally conduct business in Abu Dhabi.
- Register with the Abu Dhabi Tax Authority: You need to register your company with the Abu Dhabi Tax Authority and obtain a Tax Identification Number (TIN).
- Hire employees: You may need to hire employees and apply for their work visas.
- Open a bank account: You need to open a bank account for your business in Abu Dhabi.
The process of setting up a business in Abu Dhabi can be complex, and it is recommended to seek the assistance of a local business consultant or law firm to guide you through the process.HKM business is a business consultancy that helps in setting up new business ventures for local and international business investors in Abu Dhabi, United Arab Emirates (UAE), HKM business also providing business services in Dubai. We will provide all kinds of business services and consultation which includes sponsorship based on a fixed annual fee that does not interfere with any kind of profits of the company.