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Documents For Starting a Business in Abu Dhabi
There are several documents required for starting a business in Abu Dhabi, including:
1. Business plan: A detailed business plan outlining your company’s objectives, procedures, and financial predictions.
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2. Memorandum of Association (MOA): This document outlines the terms and conditions of the company, including its name, registered office, and activities.
3. Trade license: This document is issued by the Abu Dhabi Department of Economic Development and is required to legally operate a business in the city.
4. Commercial registration: This document is issued by the Abu Dhabi Department of Economic Development and is required to register your company and obtain a trade license.
5. VAT registration certificate: If your business has a taxable turnover of more than AED 375,000, you’ll need to register for Value Added Tax (VAT) and obtain a VAT registration certificate.
6. Emirates ID: All company owners and employees will need to obtain an Emirates ID, which is required for various business-related activities, such as opening a bank account.
7. Passport and visa: If you’re a foreign national, you require to have a valid passport and visa to legally reside in Abu Dhabi.
8. Local sponsor’s documents: As a foreign national, you’ll need to hire a local sponsor who will need to provide their Emirates ID, passport, and visa.
9. NOC letter: Depending on the type of business, you may also need to obtain a No Objection Certificate (NOC) from the relevant authorities, such as the Abu Dhabi Municipality or the Department of Health.
Remember that the documentation requirements may vary depending on the type of business, the industry sector, and the location. It is always most helpful to check with the relevant authorities before starting the process.
Cost of Starting a Business in Abu Dhabi
The cost of a business setup in Abu Dhabi can differ relying on the type of business, the industry sector, and the location. However, here are some general estimates of the costs you can expect when setting up a business in Abu Dhabi:
