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Abu Dhabi Free Zone

Abu Dhabi Free Zone

SETUP YOUR BUSINESS IN ABU DHABI

Abu Dhabi Free Zone Company Formation

Abu Dhabi, the largest of the seven emirates, occupying more than 80% of the country’s total land, is the federal capital of the United Arab Emirates. Abu Dhabi has several free zones which serve as a gateway for foreign investors and also provides a favourable environment for the same.

The free zones in Abu Dhabi are part of the Emirates’ initiative to promote foreign investment, which in turn boosts the local economy. The business set up in free zones mainly encompasses logistics companies, media, and medium and heavy industries. By setting up a company in Abu Dhabi free zone, shareholders can receive many incentives and facilities; this serves the reason behind company formation in Abu Dhabi.

Legal entities in Abu Dhabi free zone

One can register their venture in Abu Dhabi free zones in any one of these ways

Free Zone Limited Liability Company

An LLC (Limited Liability Company) is an independent legal entity that consists of corporate share holders, individual share holders, or both. The type of business activity determines the minimum capital requirement.

    Foreign Company Branch

    A foreign company after procuring a license from the Ministry of Economy and Commerce carry out its main activity or establish an office or a branch or a business in the UAE.

    UAE Company branch

    A company set up in UAE can also open its branch or branches in the mainland, free zone or offshore.

      Freelance License

      Freelancers are granted the freelance permit. This enables them to be the sole practitioner and conduct business in one’s birth name.

      Free Zones in Abu Dhabi

      The free zone areas in UAE are set up with the intention to promote foreign investment, boost their economy, and drive growth. A free zone authority (a government body) registers and issues licenses to non-resident companies in UAE free zone. Abu Dhabi consists of eight free zones.

      Setting up a business in Abu Dhabi free zone.

      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.

      • License issuance

      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.

      The Advantages of setting a business in Abu Dhabi free zone

      Free zones offer much flexibility, along with the facility to set up a business. Also, starting a company in the free zone is always cheaper. The price too varies between free zones. The following are some of the advantages to start a company in the free zone.

      1. 100% ownership of the company
      2. Pre-built advanced infrastructure
      3.  Full repatriation of profits and capital
      4.  Exemption from import and export customs duty for goods and services
      5.  Exemption from taxes on personal or corporate income
      6. A business-friendly environment with the simplified company incorporation process
      7.  Business cluster environment where companies falling under similar industries share a work campus. This facilitates friendly interaction and effective collaboration.
      8. Business-friendly legal framework and company laws
      9.  A one-window operation for a wide range of government services like visa formalities, traffic, residential permits, licensing and postal services
      10.  Fast immigration process and quick access to skilled professionals

      The Abu Dhabi Free Zone Authority extends its support to the companies within its free zone. A company formation in Abu Dhabi free zone requires tremendous planning and decision making. The awareness of the necessary formalities, legal procedures, funding requirements, ownership types is needed while setting up a company. One should also be aware of the minimum capital amount to be deposited in the bank as per the free zone.

      We at have an expert team of professionals with vast knowledge in this matter. Our team can help you with company formation in Abu Dhabi and also ensure tax savings. We also take care of visa, licensing, banking, registration, recruitment, and residential prerequisites involved in company formation.

      We understand your dreams to establish a company in the emirates and help fulfil it. You can contact us for details regarding company formation in the Abu Dhabi free zone.

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