Set Up Your Business in Abu Dhabi Free Zone
The visionary political leadership in Abu Dhabi envisages a quantum leap in the economy in a decade from 2020. All the focus has been given to identifying the growth prospects of different business regimes and formulating processes supporting those.
Consequently, you will find the business set up procedure in Abu Dhabi Free Zone comprehensive and convenient. The authorities and departments will process the correctly filled applications without any delay.
You can select the type of entity that will be advantageous for you from the permissible business setup in Abu Dhabi. The four types of companies that are allowed in Abu Dhabi Free Zone are Free Zone LLC, Freelance Firm, Branch Office of a Foreign Company and Branch Office of a UAE Company.
We are detailing the generic procedure for setting up a business in Abu Dhabi Free Zone.
Finalize the Basics
Before starting the process, you must be sure about the type of business activity, the Free Zone where you want to establish the business, the license you require and so on. There may be slight variations in the procedure or the approvals necessary. Once you have finalized these all aspects, you can proceed ahead. Assigning the task to Kiltons Business Setup Services will be a foolproof way ahead.
Reserve a Trade Name
The trade name has to be registered with the Abu Dhabi Free Zone authority. All the approvals and licenses will be issued in the name of the business. Apply for the trade name in the laid down format. The authority will approve the trade name only if it meets the stipulated regulations. Further, no other entity should have registered the same name.
Form a Legal Structure
It is compulsory to have a legal structure covering the aspects including details of the shareholders, director board, authority provided to each member, business policies, and internal regulations. This will act as a constitution for the company. You need to submit this along with the application for initial approval.
Obtaining Initial Approval
Apply for initial approval with all the necessary documents including the approval for trade name. The Free Zone authority will peruse the documents and issue initial approval.
Apply for Business License
All legal and administrative procedures have to be completed before applying for a business license. You can start full-fledged business operations post receipt of business license.
Benefits of Business Set Up in Abu Dhabi Free Zone
The benefits of setting up a business in Abu Dhabi Free Zone are:
- 100% ownership of the firm permissible to expats
- Investor-friendly policies
- Easy and quick setting up
- 100% repatriation of capital and profit
- Zero personal and corporate tax
- Excellent infrastructure
- Conducive environment
- Optimum possibility for growth
- Single-window approval process. Every government service and approval can be accessed through a single centre
Required Documents for Business Formation in Abu Dhabi Free Zone
The application for a Free Zone business license should be accompanied with adequate documents and approvals. The documents required are:
- Copies of passports of the shareholders
- Finalized trade name (may give 2 to 3 options too)
- Proposed business activity
- Firm business plan (for some of the Free Zone domains)
- Letter from the bank
- Address proof
- Details of visa required
- Approvals obtained
- Additional documents sought from time to time
Cost of Setting Up a Business in Abu Dhabi Free Zone
The business setting up process in Free Zone jurisdiction involves a different type of cost. However, it is cost-effective and cheaper compared to other jurisdictions. The fees we mentioned are for reference purposes only. The actual charges may vary depending upon government policies. You may consult us to know more about the fee structure and the setting up costs.
* Approximate charges. For reference purpose only.
Abu Dhabi Free Zone Company Formation with Kiltons
Nothing can replace expertise achieved through experience. Kiltons have been helping expatriates and residents to realize their business dreams since 1999. The experience we have achieved over two decades of persistent performance has been instrumental in making us the leading business setup services in the UAE.
We will provide you with a conclusive service according to your need. Our professionals undertake exhaustive studies and analysis before submitting you a comprehensive report. Thereby ensuring better growth prospects for your firm. If you are thinking of setting up a business in Abu Dhabi Free Zone, consult us today.