Things to be considered for setting up free Zone Company in Abu Dhabi

Posted by dunitzsantrino on July 9th, 2015

The GCC countries have their own set of defined rules that need to be strictly followed while thinking of setting up any business, In the case of Abu Dhabi business set up, the leading consultants enumerate systematic planning, coordination and abiding by the required policies that needs to be approved so as to get started. The most essential aspect in order to do business in Abu Dhabi is to get the Trade License or Commercial License. Getting this again is not as easy as it looks because of a lot of parameters and attested documents that is required to be submitted as a proof.

Of late the role of consultants is growing because they help in streamlining the process of getting the clearance for any business. The certificate for setting up any commercial business is issued by the highest authority namely Abu Dhabi Department of Economic Development (DED). The nature of business includes real estate, clinic, hospitals, general trading, transportation and many other areas. The success of any business should be well planned. In this regard, the Abu Dhabi company formation services help in understanding the business scope and the market trends so as to give the right strategic solution to the new business initiatives. The market in Abu Dhabi is very different unlike the other countries and requires a lot of strict rules or regulations to be followed by potential business partners or individual entrepreneurs.

The most popular trend for Abu Dhabi Business set up is in the free zones. There are a couple of advantages that any free zone company enjoys with respect to the others. An important point to be remembered at all the times is that the company should carry out its operations and business within the geographical limit or overseas as set in the terms of the agreement. However, there is some respite as the meetings can be scheduled outside the free zone as well.

Abu Dhabi company formation services are offered by many leading consultants in the country. The free zone company set up can enjoy complete foreign ownership without having to give a share to any authority in the country. The cent-percent corporate and income tax exemptions help to bask a lot of financial gain and profits. There are no customs duties imposed on such type of businesses coming in the free zone area. There are some restrictions while doing business with the local residents. Setting up a business is a little tedious but gives immense profits in Abu Dhabi.