Setting up a company in Abu Dhabi free zone is simple, hassle-free, less time consuming, straightforward, and free from bureaucratic barriers. This is to promote company formation in free zones.
Free zones allow 100% ownership to an expatriate entrepreneur without partnering with a UAE National. The Abu Dhabi free zone Authority is an independent government body that handles registration, issues operating license, and provides assistance to establish their business.
The setting up of a business in Abu Dhabi free zone follows the following steps.
- Type of business activity
You will have to first decide on the type of business activity as each business activity has its own rules and regulations.
- Registering the trade name
After completing the first step, the next step is to register the trade name of your company. You can give the list of selected names to the Abu Dhabi free zone authority, and in case the name is not already registered by any existing company in the UAE, it will be approved by the authorities and duly registered.
- Obtaining approvals from the free zone authority<
After obtaining the initial approvals, and fulfilling the requirement, the next step is to get approval for issuance of business license.
After obtaining the approvals from concerned authorities, the investors can proceed to fulfil the legal requirements of business license issuance from the free zone authority.
Documents Required
- Company Application Form
- Passport size photographs with white background
- Passport copies of the shareholders
- Specifications of the business activity
- 2-3 suggested names for the new company.
- Number of visas required.
- 2 x Proofs of Address (dated within three months)
- Bank or Professional Reference Letter
- Curriculum Vitae (summary of professional history), for freelance license
- Certain free zones also require a copy of the proper business plan.