Abu Dhabi is an open sea port city, the capital of the United Arab Emirates. It offers many opportunities for businesses to develop, especially within its Free Zones. These zones are business friendly environments for easier start-up and growth of businesses by entrepreneurs. If you intend to register a company in any of Abu Dhabi Free Zones, this article will guide you on the preliminary steps and benefits.
What are Abu Dhabi Free Zones?
The Abu Dhabi Free Zones are specific zones that attract foreign investors by giving them tax exemption benefits and 100% ownership, among other provisions, while being less regulated than the mainland. There are several Free Zones in Abu Dhabi and each caters to specific industries. Some of the most popular include the Khalifa Industrial Zone (KIZAD), twofour54 (media and entertainment), and the Abu Dhabi Airport Free Zone (ADAFZ), among others. Get details about Business Setup Service in Abu Dhabi.
Why Choose Abu Dhabi Free Zones?
100% Foreign Ownership
In Free Zones, they can totally own their companies without a local sponsor. This is one of the major reasons why many entrepreneurs prefer the Free Zone route.
Tax Exemptions
These exemptions are sometimes offered to companies registered under Abu Dhabi Free Zones in terms of income and corporate taxes for a limited amount of time, mostly of up to 50 years.
Simplified Processes
Registering a company in a Free Zone needs less hassle when compared with mainland businesses. The above-mentioned application process is made easy and quick for setting up your business.
Strategic Location
Abu Dhabi Free Zones are centrally located close to local and international markets. Such positioning benefits import/export businesses in particularly great ways. Know about Company Registration Service in Abu Dhabi.
Steps to Register a Company in Abu Dhabi Free Zones
Choose the Right Free Zone
Choosing the right Free Zone that matches your company is critical before proceeding with registration. Each of these zone offers its unique advantages, therefore, make sure you align your business goals with these advantages facility-wise and incentive-wise provided by the zone.
Decide the Business Activity
All free zones support different business activities. In case you would like to set up a trading, consulting, or manufacturing business, ensure that the business activity corresponds with the regulations of the selected free zone.
Prepare the Required Documents
The documentation process is simple but can vary from one Free Zone to another: usually, you’ll need:
- A copy of your passport
- Proof of address
- Business plan (in some cases)
- CV of company directors
- No-objection letter (if applicable)
Apply for a License
After you have chosen the Free Zone and prepared all the necessary documents, it is high time to submit your application. The authority of the Free Zone will evaluate your submission and provide you with the corresponding business license, which could be a trading, industrial, or service license as per the nature of your business. Know about Establishing a Company in Abu Dhabi.
Open a Corporate Bank Account
It will be followed by opening a corporate bank account post-licensing. Most of the Free Zones in Abu Dhabi have such partnerships with local banks to make this step easier.
Secure Office Space
You will need to rent an office in the Free Zone. Many Free Zones offer models for office use, such as virtual offices, shared offices, and fully fitted-out areas to suit varying needs.
Finalize Legal Requirements
When it’s all done setting up your office, the last thing would be completing the remaining legal formalities. You may need to register your employees with the appropriate authorities and get any permits or visas that are specific to your endeavors. Get details about Company Formation Service in Abu Dhabi.
Call +971 56 658 2477 for Registering a Company in Abu Dhabi Free Zones
Setting up a company in Abu Dhabi Free Zones will give you a golden opportunity, as this includes 100% foreign ownership, tax exemptions, and easy access to the global markets. Simply follow the easy steps above and get your business registered at evidence-backed strategic locations turning potential into performance factors. Whether starting or an already established company, Abu Dhabi Free Zones can provide the perfect venue for expanding operations and garnering success in the UAE market.