Starting a new business offers the opportunity to explore a variety of markets, customer bases, and innovative solutions. The journey allows you to identify unique niches, understand diverse consumer needs, and develop products and services that can make a real impact in the chosen industry.
The United Arab Emirates (UAE) has always been at the forefront of business setups, and Abu Dhabi contributes significantly towards it. The Gulf State has prioritised a pro-business environment to attract foreign investment and foster economic growth through various initiatives and reforms.
Read on to understand why you should set up a new business in Abu Dhabi.
Back to topBenefits of Doing Business in Abu Dhabi
Some of the benefits why entrepreneurs plan to set up a new business in Abu Dhabi are listed below:
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Tax Structure
The Emirate follows a friendly tax structure, which allows entrepreneurs to enjoy a low corporate tax of 9 per cent and no personal income tax. It gives businesses the opportunity to save money and expand operations. Additionally, Abu Dhabi charges other taxes like VAT, which is a nominal 5 percent.
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Policies
With the Abu Dhabi Vision 2030 in place, the Gulf State has been actively diversifying its economy, focusing on sustainable development and innovation. This helps in creating a business-friendly environment and attracts global investors, thereby paving the path for various new business opportunities and long-term growth of the Emirate.
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Advanced Infrastructure
Infrastructure plays an important role in the development of a business. Abu Dhabi offers a state-of-the-art infrastructure that supports businesses. From transportation networks, modern telecommunications systems, and world-class commercial facilities, key infrastructure elements make Abu Dhabi an attractive destination for businesses.
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Access to Resources
Business setup in Abu Dhabi enables you to access a variety of services like financial aid, business development support, training programs, networking opportunities, and more. You can also access a skilled and talented workforce to improve business efficiency.
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Variety of Free Zones
Abu Dhabi is home to plenty of specially designed free zones that cater to the needs of different business sectors. Each zone is regulated by a specific free zone authority, which is responsible for overseeing companies in the Abu Dhabi free zones. Some free zones located in the Emirate include Masdar City, Abu Dhabi Global Market, Abu Dhabi Airport Free Zone, Khalifa Industrial Zone, and Twofour54.
Back to topHow Can Commitbiz Help?
Commitbiz LLC, a Corporate Service Provider (CSP), is an entrepreneurial favourite due to its comprehensive business setup solutions and dedicated support services. Our team ensures a seamless journey for entrepreneurs by offering tailored solutions to meet unique business needs. From company formation and licensing services to ongoing compliance and advisory services, we provide end-to-end support, allowing you to focus on business growth. Contact us to set up a new business in Abu Dhabi.
Back to topWhat are some of the most promising new business ideas in Abu Dhabi for entrepreneurs?
Some of the business activities that you can engage in include trading, manufacturing, media, consultancy, and green energy.
How long does it take to set up a new business in Abu Dhabi?
The process of starting a business in the Gulf State can take up to 3 weeks.
What is the foreign ownership structure for business setup in Abu Dhabi?
Entrepreneurs who set up a business in the free zone can have complete control over business operations, whereas certain activities in the Abu Dhabi mainland require you to onboard a local sponsor.
Can a business established in an Abu Dhabi free zone operate on the mainland?
Yes, by availing the dual license in Abu Dhabi entrepreneurs can conduct business operations in both Abu Dhabi mainland and the free zones.
