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COMPANY FORMATION IN ABU DHABI

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Title: COMPANY FORMATION IN ABU DHABI


1
COMPANY FORMATION IN ABU DHABI
  • Visit www.indexauh.com

2
COMPANY REGISTRATION IN ABU DHABI
  • One of the Middle East's most advanced cities is
    Abu Dhabi. This city is the second-largest in
    terms of geographic area, right behind Dubai.
    More businesses are establishing their operations
    in the city as a result of the abundance of free
    trade zones and investment opportunities.
    Investors want to register their companies in Abu
    Dhabi as a result. In Abu Dhabi, conducting
    business is very easy. However, conducting
    business in this city necessitates adherence to
    local laws. Read on to know more about company
    formation in Abu Dhabi.
  • An Abu Dhabi-based company cannot have a foreign
    ownership percentage of 100. It is necessary for
    an Abu Dhabi national to be named as the
    company's 51 owner. The person can also be a
    local UAE citizen who resides in the UAE. There
    are several types of free trade zones in the
    nation that enable investors to consider various
    forms of opportunities.
  • Companies in all industries may be fully owned
    by a foreign entity. However, it is necessary to
    appoint an Abu Dhabi national for conducting
    business activities when it comes to a particular
    amount of shareholding and control.

3
BENEFITS OF COMPANY FORMATION IN ABU DHABI
  • There are many benefits of starting a business in
    Abu Dhabi. Here are the top 5 advantages of
    company formation in Abu Dhabi.
  • 1. No corporate or personal tax
  • Many foreign businesses form new or branch
    entities in Abu Dhabi, taking advantage of the
    city's tax-free status. With only a few
    exceptions, Abu Dhabi is characterized by an
    almost entirely free of taxation.
  • No corporate income tax is imposed at the
    federal or emirate level except for international
    bank branches at the emirate level and courier
    companies. Petroleum concession holders are
    subject to Emirates-level taxes at the rates
    specified in the applicable concession
    agreements. Personal income taxes are
    nonexistent.
  • 2. Easy recruitment process with unlimited
    employment visa
  • In Abu Dhabi, it is against the law to work on a
    visa that is not an approved employment visa. You
    might, however, travel to Abu Dhabi on a visitor
    or tourist visa and look for work there.
    Successful job applicants who are employed by
    companies are compelled to leave the UAE while
    waiting for the release of their work visas under
    recent rules governing employment visas.

4
BENEFITS OF COMPANY FORMATION IN ABU DHABI
  • 3. Low import duty
  • Customs taxes are levied on products coming into
    or going out of any country's air, land, or
    seaports. A 5 value-added tax in addition to the
    Cost Freight Insurance (CIF) is imposed on goods
    and commodities imported into Abu Dhabi from
    nations outside the GCC. A duty of 50 and 100
    is placed on alcohol and cigarette products,
    respectively. The UAE's free-trade zones,
    including those in Dubai, Abu Dhabi, Sharjah,
    Fujairah, Ajman, Ras Al Khaimah, and Umm Al
    Quwain, are exempt from taxes.
  • 4. The formation of a mainland company does not
    require any minimum capital.
  • The UAE Companies Law does not specify a minimum
    share capital, but the business should have
    enough money to carry out the objectives for
    which it was formed, and the capital should be
    made up of equally valued shares. The share
    capital does not currently need to be deposited
    in a UAE-registered bank. However, this excludes
    several jurisdictions.
  • 5. No yearly audits
  • No matter which developed country you are in,
    audits of companies are typically expected. But
    it all depends on the jurisdiction. Enterprises
    in the Abu Dhabi Free Zone authorities may be
    audited if they comply with the authorities' laws
    and regulations or legal framework, however,
    businesses on the Abu Dhabi mainland are not
    required to undergo an annual audit.

5
CONTACT US
  • How can Index Office Services help?
  • We provide the highest record for optimal
    customer satisfaction and significance in a fast
    and efficient way. Our services are available
    worldwide and our experts can provide you with
    fast and effective solutions for company
    formation in Abu Dhabi which includes licensing,
    registration, etc.
  • Call us now for a free consultation.
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