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 +971506696299  [email protected] Home About Us Blog Contacts Single Blog HOME  BLOG  START A BUSINESS IN ABU DHABI Search …  Recent Posts UNCATEGORIZED ADNOC Awards $744 Million Contract for Full Field _ August 14, 2020 _ Admin _ 0 Comments Development of the Belbazem Offshore Block Start a business in Abu Dhabi Masdar Free Zone Company Setup Kizad Free Zone Company Setup in UAE Business Advisory Services at Abu Dhabi, UAE EMPLOYMENT VISA SERVICES IN ABU DHABI, UAE Fed up working for someone else? Find out how to become your own boss. Recent Comments Step 1 Plan ahead Categories Regardless of the business type you want to start, it is imperative to follow up your idea with a market study. Doing market research will help you quantify the needs of the city and ultimately BUSINESS NEWS (3) help you decide if your venture is worth the risk. There are a number of companies available to UNCATEGORIZED (4) help you with this step (see box below), however it is always a good idea to research rival companies before commissioning a market study. Recent Posts If you don’t have the cash for an official market study, you can always do one yourself. For example, if you wanted to open a food and beverage outlet in a mall, you could visit the mall and ADNOC take notes of how many people visit their food court and determine how much traffic each outlet Awards $744 gets. There are numerous ways of getting the necessary information. Million Contract for Step 2 Full Field Development of the Belbazem Offshore You can’t drive your business without a license Block Most start-ups look to obtain a Limited Liability Company (LLC) license. An excellent resource can be found on the Abu Dhabi e-government page, under the business section May 26, 2021 (www.abudhabi.ae or call 800 555). We sought legal advice from Ziad Salloum, a lawyer working in Abu Dhabi. ‘The license requirements change according to what type of business you Masdar Free are opening and where you are opening it. A business in the Free Zone will have different rules Zone English ▼ for functioning than an onshore one; or one opened on the mainland.’ Company Setup

Step 3 May 7, 2021 Get an address Kizad Free Depending on your type of business, you might need an office space, work address or a PO Box. Zone In the case of office spaces, there is a bit of a legal paradox at play in terms of getting the Company necessary documentation. To obtain your license for business, you first need a lease. But you Setup in UAE can’t get an office lease without already having a license! ‘In order to solve this problem, the way to proceed is to register their company first as an ‘Incorporation’ as opposed to an actual May 7, 2021 company and obtain the tawtheeq,’ says Ziad. ‘The tawtheeq is a file that will contain all your details concerning the business venture and the lease requirements. In most cases, if you are Tags renting an office space in a building, the landlord will obtain this document for you for a specific fee.’ If all you require is a postal address, then setting up a PO Box with Emirates Post will business setup agency in suffice. abu dhabi business setup consultants Find an Emirati in abu dhabi So you’re ready to be your own boss. But a word of advice. Any expat living in Abu Dhabi needs business setup in dubai and to have an Emirati partner to register a company. ‘Sole proprietorship of businesses here can abu dhabi only be done by locals,’ says Ziad. ‘In any company started by an expat, 51 percent of shares business setup services abu should belong to one or several locals. However, this does not mean that 51 percent of profits dhabi go to the local; the business setup services in agreement could be tailored so that the expat gets the majority of the profits.’ abu dhabi Step 5 Money, money, money Everyone knows that you can’t start a business without some capital. In the past, a person needed to have Dhs150,000 in the bank in order to be able to get a license for a small business but this rule was removed in 2009. ‘Although this law was officially removed, it is still common practice to require that sum before granting a business the right to operate,’ Ziad informs us. Step 6 Protect yourself A key part of your business will be patenting your ideas and copyrighting your material. After all, you don’t want people copying your idea. The UAE follows stringent copyright laws that are in line with international standards, such as Federal law No. 7 of 2002. Abu Dhabi has many mechanisms and resources for helping people succeed at their careers. A notable case was Mosa Isa Mosa, a UAE national, versus Etisalat. In 2010, Mosa sued Etisalat for using his mobile TV invention without his permission, and subsequently won Dhs30 million. business setup agency in abu dhabi business setup consultants in abu dhabi 435 business setup in dubai and abu dhabi business setup services abu dhabi business setup services in abu dhabi     Author admin Nine ways to become EMPLOYMENT VISA millionaire in UAE SERVICES IN ABU DHABI, August 14, 2020 UAE English ▼ August 14, 2020

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