Abu Dhabi Mainland
Abu Dhabi being the capital city offers a very lucrative space for businesses and startups. Over the years it has become one of the fastest-growing economies with expansions across multiple sectors. Being one of the most important cities for oil production Abu Dhabi has a wealthy market that could offer great services to the upcoming growing businesses. Abu Dhabi is one of the best locations when it comes to setting up as it provides a vast and free economy without hindrance in trading. The mainland companies can easily flow business with other Mainland companies in Dubai or UAE.
The method to set up is quite quick and straightforward. Similar to in Dubai, here as well there are no corporate and personal taxes along with the same ease to recruit and employ. Unlike port companies, mainland companies in Abu Dhabi are allowed to undertake government projects along with private ones. Establishing a business in the UAE allows a free flow within the UAE as well as outside the UAE. Like in Dubai an area sponsor or a local sponsor is mandatory who will own 51% of the shares while the leftover can be taken by the foreign investors. Apart from this all foreigners and nationals must become a member of the Abu Dhabi Chamber of Commerce and Industry to gather a business license.
Every business in Abu Dhabi requires the services of a Government Liaison Officer, otherwise referred to as a PR Officer. A PRO takes care of all activities linked to processing governmental paperwork and documents, like company trade licensing documentation and approvals, labor cards, and visa applications.PRO services in Abu Dhabi include-
- Document attestation
- Visa renewals and cancellation
- Trade license
- Regulatory approvals
- General document clearance
- UAE certified legal translation
There is no constraint on the visa eligibility for a mainland company; An Electronic Quota is issued to each mainland company by the Ministry of Labor which displays the eligibility of their visa. This can be expanded by increasing the dimensions of your working space. Per every 80 sq ft of office area, the govt gives you the allocation of 1 visa. Adding thereto if you’ve got a salesman in your office, then you’ll apply for a separate allotment for them, which will not affect your office space quota.