Do you want to start your own business in Abu Dhabi? If so, then read on. This blog post will provide some helpful tips for starting your new company in the UAE.
If you’re looking to start a business in Abu Dhabi, there are many things that need to be taken into consideration before launching it- from getting all of the legal paperwork done and setting up an office space, to hiring employees and making sure they have their visas set up correctly.
With so much going on at once, it can become difficult to manage everything effectively if you don’t know what steps need to be taken first. To help alleviate this stress, we’ve put together 5 simple steps that will make startup easier for any entrepreneur who is considering launching their own company in Abu Dhabi.
These steps are meant to guide you through the process of starting your business and should help inform you on what needs to be completed first if you’re new to doing business here. It is important to keep in mind that this list contains general information only- it’s not intended as legal advice, nor should it be taken as such.
So, without further ado, here are the five steps you should take before business setup in AbuDhabi:
1. Check if your profession is regulated or not
To do this, check with the regulatory authority of Abu Dhabi. This is usually the Ministry of Labour and Social Affairs or the Ministry of Human Resources and Emiratisation (MOHRE). These authorities should be able to provide you with all of the information you need. There are also online databases that list professions that require a license to practice, but they don’t always reflect the most up-to-date information.
2. Make sure you’re aware of any regional content requirements for your product/services
The Abu Dhabi government enforces mandatory requirements for all businesses operating in the emirate to ensure that everything they produce or sell adheres to UAE laws and regulations. The goal of these guidelines is to support the development of the local industry while meeting international standards, so if your product/services do not comply then it may be difficult to get them approved here.
3. Know what kind of company structure you will need
There are two main types of company structures in Abu Dhabi, which are the sole-proprietorship and the limited liability legal entity (LLC). Your business may choose to incorporate in either way, but be aware that there are several factors involved when deciding which structure is best for you, one of which is tax.
4. Consider the applicable UAE employment laws
If you’re hiring employees in Abu Dhabi then it’s essential that you know what kinds of benefits you are expected to provide them with and whether there are any restrictions regarding their work hours, overtime pay, etc. Another thing to keep in mind is that it is illegal to terminate an employee without first receiving approval from the Ministry of Labour. The process for doing this can take some time, so make sure you’re aware of it if you’re planning on hiring new employees soon.
5. Make sure your proposed business activity is permitted by regulations applicable in Abu Dhabi
When thinking about starting a business in Abu Dhabi, it’s important to do some research beforehand and learn the specific regulations that apply here. This will help to prevent issues down the road and ensure you’re following all of the rules correctly.
There are several resources available online where you can find this information, such as the Dubai Business Advisors website. However, if you have any questions about these tips or the specifics of starting a business in Abu Dhabi, feel free to reach out to us at www.dubaibusinessadvisors.com. We are here to help you succeed and have years of experience doing just that!