Abu Dhabi, the capital of the United Arab Emirates (UAE), has established itself as a major player in the global investment arena. It has successfully created a diversified economy that attracts investors from all over the world. The pro-business policies have paved the way for foreign investors to capitalise on the numerous business opportunities in Abu Dhabi.
Are you also looking to invest in Abu Dhabi? The initial and one of the most crucial steps is to obtain a commercial license. The process involves multiple steps, including acquiring a Commercial Registration Certificate in Abu Dhabi and fulfilling regulatory requirements. This guide will take you through the essential steps to obtain a commercial license in Abu Dhabi.
What is a Commercial License in Abu Dhabi?
A commercial license in Abu Dhabi is required for businesses involved in trading activities such as importing, exporting, and selling goods and services. This license is issued by the Abu Dhabi Department of Economic Development (ADDED) and helps in company formation in Abu Dhabi.
Steps to Acquire a Commercial License in Abu Dhabi
If planning a company formation in Abu Dhabi, you have to go through the following essential steps to acquire a commercial license:
Step 1: Select a Business Activity
The first step is to select an appropriate business activity that suits your needs. You can choose from a wide range of commercial activities, such as retail, trading, general contracting, logistics, and real estate, among others. The chosen business activity must be compliant with the classifications as per ADDED.
Step 2: Choose a Legal Structure
The next step is to identify the appropriate legal structure for your company. The Emirate offers options such as sole proprietorship, limited liability company (LLC), limited liability partnership, branch of a foreign company, and private or public joint stock company.
Step 3: Reserve a Trade Name
Choosing the trade name of your company is a crucial step. The name must be unique and relevant to your business activity. It should comply with the naming regulations under ADDED. Check the availability of your trade name and register it through ADDED’s online portal.
Step 4: Get Initial Approval
After your trade name registration in Abu Dhabi is complete, you need to apply for the initial approval from the ADDED. The approval certifies you with a no-objection permit. It means that there are no objections from relevant authorities and you can proceed further with your setup process.
Step 5: Secure a Business Location
The next step is to secure an office space. You must also decide whether you want your business to be in the mainland or free zones.
Step 6: Apply for the Commercial License
Arrange all the necessary documents and attach them with your application for the license. Make the necessary fee payment and submit your application. Upon approval, you will receive the commercial license, allowing you to commence business operations.
If you are planning a business setup in Abu Dhabi, it is a straightforward process if you follow the necessary steps and ensure compliance with local regulations. By securing a commercial registration certificate in Abu Dhabi, you can take advantage of the Emirate’s vibrant business environment. Reach out to Commitbiz to acquire a commercial license in Abu Dhabi in a hassle-free manner. Our experts will ensure a smooth licensing journey for your business.