Abu Dhabi, the UAE's largest Emirate and capital, is situated on the Arabian Peninsula's south-eastern tip, adjacent to the Persian Gulf. The metropolis covers more than three-quarters of the UAE's land area and is the federation's second most populous Emirate, after Dubai. Despite having 10% of the world's oil reserves and being one of the world's largest oil producers, Abu Dhabi has been diversifying its economy since 2009. Real estate, industrial development, retail, and tourism have all received significant financing from the city.
In today's world, establishing a business in Abu Dhabi is simple and straightforward. The Abu Dhabi Department of Economic Development (DED) has launched a variety of new approaches to assist business owners in launching and expanding their operations without having to spend a lot of time on information and administrative processes. Company Formation in Abu Dhabi or business establishment in Abu Dhabi will now be a fantastic opportunity for entrepreneurs, as the Abu Dhabi government has made the process of forming a company easier than ever before. This is a laudable endeavour that began on December 1, 2018, and focuses on business growth as well as the country's economic development.
The Abu Dhabi executive council has also passed new resolutions exempting all new economic licences issued in Abu Dhabi from any local levies for a period of two years.
Abu Dhabi, as the UAE's administrative capital, is one of the most sought-after offshore destinations on the planet. It holds 95 percent of the country's total oil reserves and provides opportunities for practically all economic sectors to participate.
Apart from being affluent and safe, establishing a business in Abu Dhabi is highly recommended due to its straightforward and flexible business formation procedures. Unlike in some other countries, forming a new company or establishing an offshore branch of your existing company in Abu Dhabi only takes a few days. To do so, you must follow all of the necessary instructions.
ADDED is a federal agency that oversees the capital's economic and business sectors. The Department of Economic Development in Abu Dhabi, as its name suggests, provides trade and industry policies, leads economic initiatives, implements strategic plans, supervises budget distribution, and controls essential economic agencies for long-term economic progress.
DED Abu Dhabi is also responsible for producing analytical reports, recommending economic tariffs and levies, promoting economic competitiveness, and granting trade and industry licences to businesses and organisations.
To guarantee increased efficiency and effectiveness in each area of service, the Abu Dhabi Department of Economic Development collaborates with its four regulatory arms.
The Abu Dhabi Business Center (ADBC) has been dedicated to cultivating a business-friendly climate in the emirate since its inception in March 2013. The Abu Dhabi Business Council (ADBC) is in charge of launching initiatives and projects that support the Abu Dhabi Economic Vision 2030. ADBC supports and supports investors, entrepreneurs, and enterprises with a variety of services and permissions required for their operation, with ease of doing business as its top concern.
This ADDED department is in charge of achieving and sustaining Abu Dhabi's worldwide competitive advantage. To that end, the Competitiveness Office of Abu Dhabi (COAD) coordinates a number of economic initiatives and collaborates with stakeholders (private businesses and enterprises) to develop policies that enable the economy reach its full potential.
The Abu Dhabi Investment Office (ADIO) of ADDED is responsible for recruiting global investment and leveraging local investors to generate economic growth. To assist existing and prospective investors in establishing and expanding their business operations, the department employs a combination of integrated services and promotional initiatives.
The Abu Dhabi Department of Economic Development's Industrial Development Bureau controls and strengthens the industrial sector of the economy. The department regulates licencing and compliance, presents incentives for investors and entrepreneurs, analyses industrial operations, and devises strategies for industrial growth in the emirates, in addition to conducting data analysis and producing best-practices initiatives.
The DED services for enterprises in Abu Dhabi are divided into four categories. The relevant ADDED department provides these services. TAMM Abu Dhabi provides access to all DED Abu Dhabi E-services. Let's have a look at the services that have been ADDED.
Commercial and economic permits issued by DED Abu Dhabi include, but are not limited to:
Commercial and trade licences are also issued, cancelled, and verified by DED Abu Dhabi. These include, but are not limited to, the following:
The Abu Dhabi DED's services also include the issuance of industrial licences. The Industrial Development Bureau is in charge of issuing, amending, and renewing licences.
When it comes to founding a business, Abu Dhabi provides everything an investor might want. It is the ideal setting for any entrepreneur's ambitions. It not only provides the required services and infrastructure for company establishment, but it also attracts an increasing number of tourists from all over the world. Tourism has flourished in the Emirate in recent years, as is well known. Apart from that, there are two key commercial sectors that have met high-end in their pursuit of excellence. They're –
In order to achieve the UAE's goal of becoming a Smart Nation, Abu Dhabi's government has launched a number of projects in the region's IT sector. The Abu Dhabi Hyperloop was created with the goal of bringing about a significant economic revolution fuelled by technology and automation. The Information Technology Sector in Abu Dhabi is taking further measures to excel in the sphere of technology and innovation, and to integrate it into all business sectors feasible.
In terms of growth in the hospitality sector, the Middle East, particularly Dubai and Abu Dhabi, is regarded the GCC's leading city. Not only in terms of tourism and infrastructure, but also in terms of jobs and business in both the public and private sectors. The hospitality sector in Abu Dhabi has grown dramatically over the years as a result of government efforts, festivals, and strategic position, among other factors, and it will continue to grow in the future.
In Abu Dhabi, new licencing procedures have been implemented, with a significant variance in licence fees. The licence price used to be anything between AED 10,000 and AED 14,000 a year, but it has now been cut to 2,515 AED for two years. All commercial activities in Abu Dhabi are covered by this new licencing cost of a low amount and fee exemption from the local government.
The following are the goals of this major initiative:
Through company registration, incorporation, and legal advising services, DhanGuard assists businesspeople and organisations in forming a company in Abu Dhabi. Our professionals handle all banking, visa, legal, and licencing processes in accordance with UAE legislation. We guide you through the construction of your firm, with your goals at the centre of our ecosystem.
We assist you in establishing your company in this rising economy. It involves handling all legal procedures to assist your organisation in gaining a foothold, establishing open trade partnerships, and taking advantage of the region's cutting-edge amenities. Contact us for business setup services in Abu Dhabi; we'll be happy to help.
Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.
Dhanguard provides Mainland business setup services in Dubai and Abudhabi with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland in UAE.
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