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How to start a business in Abu Dhabi? ( 1 )

2017-03-27 09:01 PM

How to start a business in Abu Dhabi? The UAE is well aware of its advanced infrastructure and investment environment that encourages entrepreneurs and investors. If you want to conduct an economic activity and launch your business in Abu Dhabi, obtaining a license to practice this activity requires a number of simple steps to receive your business license within days. 1. Determine the economic activity and its legal form Before proceeding with the process of issuing a commercial license, the type of economic activity to be practiced must be determined. The legal form of the company should be determined whether it will be an individual institution or a limited liability company, or a branch of a foreign company, The laws, terms, conditions, requirements and fees vary according to the legal form, type and nature of the activity. - Commercial license : It is issued to the owners of companies or institutions engaged in commercial activities (such as general trade, construction, real estate, transport, clinics, hospitals, etc.). ( Department of Economic Development ) - Agricultural License: Are issued to owners of specialized farms in the field of agricultural, animal or marine production. ( Department of Economic Development ) - Craft license: (Such as carpentry, printing, blacksmithing, etc.) (Department of Economic Development) - Professional license: They are issued to professionals who depend on their studies, talents, potentials, intellectual, intellectual and scientific capabilities (such as consulting offices, audit offices, etc.). ( Department of Economic Development ) - Industrial License: It is issued to all kinds of factories and companies operating in the manufacturing sector. Higher Corporation for Specialized Economic Zones - Tourist license: (Such as hotels, travel offices, boat rentals, tourist camps, etc.), Abu Dhabi Tourism and Culture Authority (ADTA) Note Some commercial licenses are issued in free zones by government agencies such as Masdar City and Abu Dhabi Media Zone Authority. 2. Registration of the trade name After determining the type of business and its legal form, the business name of the establishment must be chosen taking into consideration the distinctiveness of the name from other establishments. The name must match the nature of the activity and the legal form. The registration of the trade name shall be subject to the following conditions: - Must not be registered or used for the same activity or for a similar type of activity. - Must conform to the nature of the activity and the legal form required. - Must not include sectarian or sectarian names or the names of the ruling authority or the names and logos of local, Arab and international bodies, institutions and organizations. - Must not be identical or similar to a local or international trademark registered with the Ministry of Economy. - Must not be contrary to public order and morals. - Should not mislead the consumer with regard to the type, importance, size or other matters of trade. - The trade name shall be automatically canceled at the end of the period of the reservation granted to him in the absence of obtaining the trade license during that period. - The Department of Economic Development reserves the right to cancel or change the trade name if it is found to be similar to an existing trade name or is not in compliance with the specified terms and conditions. 3 - Obtaining approvals: After obtaining the trade name registration certificate, it is possible to apply for initial approval from the Department of Economic Development and proceed with issuing the required approvals with complete ease and speed. Although most economic activities require preliminary approval only, others only require approvals from the Department of Economic Development (DED), while others require communication with various government agencies to obtain the required approvals after meeting the specific legal requirements and conditions according to the type of activity to be carried out.   Notes - Initial approval of the commercial license valid for three months from the date of issue. - If the initial approval expires, the investor must obtain a new initial approval.     The required documents : - Copy of the certificate of approval of the trade name (Non-objection certificate from the Naturalization and Residency Administration) for foreign investors only   Fees: AED 100

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