How to start a business in Abu Dhabi? (2) 4. Obtaining a commercial license After obtaining all necessary approvals from the concerned authorities, the applicant can go to the Department of Economic Development to complete the legal procedures and pay the applicable fees for issuing the license. The required documents may vary depending on the nature of the business and the legal form of the enterprise. Institution: An entity owned by only one person (individual proprietorship) licensed to engage in economic activity (whether commercial, literal, industrial, agricultural or professional). It is a legal form of the most common commercial activities in the Emirate of Abu Dhabi. Financial responsibility lies with the owner who bears all the financial obligations of the institution. If the owner is a foreigner, he must have an Emirati service agent. The Foundation shall take one of the following legal forms: - Individual institution (owned by a citizen) - Individual institution (owned by a citizen of the GCC) - Individual institution (owned by foreign investor) - an individual institution (according to an innovative program, one of the main initiatives launched by the Abu Dhabi Businesswomen Council) Company: An enterprise owned by two or more partners, whose owners are legal persons or entities. The company shall take one of the following legal forms: - A limited liability company - Simple Recommendation Company - A private joint stock company Public Shareholding Company - Solidarity Company Branch: A branch of a major local company (s) registered in Abu Dhabi or in another Emirate or in any foreign country. The branch shall take one of the following legal forms: - A branch of a local institution with individual ownership (registered in Abu Dhabi) - Branch of a local institution with individual ownership (registered in another Emirate) - A branch of a local company (registered in Abu Dhabi) - Branch of a local company (registered in another Emirate) - Branch of a foreign company - Branch of a Gulf company - A branch of a Gulf company (with a foreign investor) - Branch of a local company (in the free zone) - Branch of a foreign company (in the free zone) Notes : - All required documents issued in foreign languages must be translated into Arabic by a legal translator and certified by the Ministry of Justice. - Car rental offices must obtain further approval from the car rental and exhibition committee of the Department of Economic Development. - The capital of branches of foreign companies and institutions must not be less than AED 250,000.
العربية