Company Formation Abu Dhabi
Incorp International also provides Abu Dhabi Limited Liability Company formation services. You can register Abu Dhabi LLC
We at Incorp International will not need your physical presence in Abu Dhabi to set up your company. We will assist you every step of the way to set up your limited liability company in Abu Dhabi.
Advantages of Abu Dhabi Company Registration
In addition to being the fifth biggest oil exporter in the word, Abu Dhabi not only owns 9% of global oil reserves, but also 5% of natural gas in the world. As the world’s fifth largest oil exporter, Abu Dhabi is an affluent city and there is a large usage for international goods and services.
The UAE government is in charge of evaluation and amendment of Abu Dhabi business laws. New amendments are targeted at eliminating needless power emburdenments, for the aim of forming a more liberated legal structure.
Foreign businesses looking to land big contracts prefer incorporating companies in Abu Dhabi, due to the fact that its economy has a growth rate of 7.5% on an annual basis. Abu Dhabi’s GDP is also forecasted to grow fivefold by the year 2030.
Change in Economy
Abu Dhabi is shifting its focus from oil towards building upon its industrial and service sectors, following Dubai’s success in doing the same. Abu Dhabi is already expanding its industrial free zones. This huge economic transformation will offer a lesser cost substitute to Dubai.
Abu Dhabi is competing against the tourism industry in Dubai, by rapidly setting up hotels, amusement parks, museums, malls, hi-cost and lavish residential projects, etc. Abu Dhabi will invest US$230 billion in the pursuit of developing and nurturing its tourism sector over the course of the next five years. It has estimated to attract 3 million tourists by 2015-16, which signals a huge opportunity for foreign investors to set up shop there.
International investors are being encouraged by the Abu Dhabi government to develop and improve its business industry by investing in different industries, such as real estate, financial services, tourism, health care, services and industrial sectors.
There are no corporate taxes, personal income taxes, withholding taxes, VAT or capital gains taxes imposed in Abu Dhabi. This gives foreign investors the opportunity to reserve global profits while reducing international taxes.
The only exceptions to this rule are oil and gas companies which have to pay corporate taxes (55% for oil companies and 20% for gas companies).
More tax advantages come as a result of the 66 double tax avoidance agreements with Canada, China, India, Germany and Singapore.
Abu Dhabi is estimated to becoming the second largest financial center of Middle East and Africa. This financial hub will give rise to scores of financial, insurance, and asset management companies and banks. For foreign investors, the advantages of earning zero tax profits in a liberal and progressive economic climate is a huge opportunity to capitalize upon.
UAE is considered a safe and dependable oasis to store huge cash deposits, whereas around the world, bank secrecy is being deliberated upon as unsafe and unreliable.
Entrance to the Middle East and Africa
Following Dubai, Abu Dhabi stands as the second most important passage to Middle East and Africa:
Preferred Location for Entrepreneurs
Abu Dhabi is building state-of-the-art industrial zones to propel the economic modification development, with great emphasis upon petrochemicals, building resources, chemical, metal and food industries, oil and gas services, and transportation segments. Minimal labor, rental and utility costs are huge advantages for foreign investors.
Disadvantages of Abu Dhabi Company Registration
Abu Dhabi business incorporation process is costly and consists of manifold government charges, obligatory office rentals and staff employment, as well as a lofty paid up share capital.
Goods sold in the UAE are allowed only with the appointment of a UAE national as a shareholder or agent. 51% of company shares have to be owned by a UAE national.
Since UAE nationals are required to sponsor a large part of company visas and licenses, the control and management of the business is indirectly in their hands as well.
Abu Dhabi’s laws are in favor of the nationals and any disputes between a foreign investor and a national can make running a venture in Abu Dhabi very testing and challenging,
Government tenders have been backing UAE nationals and Abu Dhabi companies, since the previous few years.
In case creditors appeal folding up of an Abu Dhabi company, and if inadequate accounting records pointing towards insolvency are discovered by court auditors, then directors and shareholders are liable for outstanding company dues.