The Middle East has been the international hub where the cultures of multiple countries come together. The Middle East on top of being a tourist destination loved throughout the world, is also one of the biggest international markets of the world.
Due to such reasons, business in Abu Dhabi and the rest of the UAE is ever-growing and booming. More variety is always welcome and appreciated in the market. But one has to go through certain steps to set up their business in Abu Dhabi or other states of the UAE.
Business set-up in Abu Dhabi
Abu Dhabi is one of the states in the United Arab Emirates and comparatively is cheaper, pays better, and has lesser competition than Dubai. One can start a business with not much competition around as a threat to their business.
Business set-up can be tricky when moving to Abu Dhabi, so choosing a business set-up service provider in Abu Dhabi or in the whole of UAE would be a good option to do so.
There are many processes that a business set-up service provider may assist in, before starting your own business in Abu Dhabi. Most of them are:
- Choosing your business activity
- Choosing your company name
- Finalizing incorporation paperwork
- Getting your license
- Opening a bank account
- Processing your visa
Choosing your business activity means knowing the kind of business you are planning to operate in Abu Dhabi. There are many business ideas to choose from, Food, Clothing, Fabric, Fashion, Beauty products, Automobile spare parts, technological devices, industrial machinery, are some of the businesses that one may choose from to operate.
The activity you have to choose is linked with the place you choose for your office, outlet, or storage facility. If you have a business that has to rely upon imports from other countries, choosing a location near the port would be beneficial and cost-efficient.
UAE is very strict when it comes to choosing a name for your business. The name should not be offensive to any religion or associated with any Mafia or organization of such sorts.
Getting your license is one of the last parts when it comes to starting a business. After you have submitted all the right paperwork, with the assistance of your business set-up service provider, the license is issued without any further process and once you have got the license, you are almost done with setting up your business in Abu Dhabi.
Opening a bank account is a rather easy step that you have to take after you have received your license and many banks would be obliged to help you in this regard. Central Bank of Dubai, HSBC, and Barclays, are some of the banks you might choose from to open a bank account for your company.
Processing your visa is also very essential to ensure your stay in the UAE is not cut short because of any problem with the visa rules. Make sure your business set-up provider assists you in the matter, and you can apply for a visa with sufficient time for you to perform your business operations.
