Abu Dhabi, the largest Emirate and the capital of the UAE, is a much sought-after destination for foreign investors planning company formation. Besides the oil industry being its biggest boon, the city has been funding heavily in real estate business, tourism, and industrial development. Due to the flexible company setup procedures, Abu Dhabi Mainland offers diverse investment opportunities in all economic sectors. First Idea Consultancy, the best business setup consultant in the UAE, offers you a secured business setup formation by availing of essential business licenses.
Yes it is now possible to have 100% ownership of mainland companies as an expat.
If your documentation gets approved and verified by the concerned authorities, you will receive you license within 15 days.
Abu Dhabi, in its quest to be one of the leading business-friendly destinations, has introduced many incentives and programs in recent years for new company setups, namely: A)Tajer license wherein you can start a company without office space for the first 2 years B)Reduced license costs and license validity for 2 years C)No minimum share capital requirement, 100% repatriation of profits, and many more.
A corporate bank account can be opened after issuance of Company license and after the Company’s Power of Attorney holder has taken residence in UAE.
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