FAQFREQUENTLY ASKED QUESTIONS
The initial steps include selecting a business activity, determining the business structure, registering a trade name, obtaining initial approvals, securing office space, and applying for the necessary licenses.
The process can take anywhere from a few days to several weeks, depending on the type of business and required approvals.What types of business licenses are available in the UAE?
Business licenses can include commercial, professional, industrial, and free zone licenses. Each has specific requirements and permissible activities.
local sponsor is required for some mainland businesses to hold at least 51% of the shares, depending on the type of business.
Startup costs can vary widely based on business type and structure, typically ranging from AED 10,000 to AED 50,000 or more.
To obtain a residency visa, you need to provide proof of business ownership, valid passport, medical fitness test results, and security clearance.
Employers must comply with UAE labor laws, including issuing employment contracts, providing health insurance, and adhering to salary regulations.
Businesses are subject to corporate tax at 9% on profits exceeding AED 375,000 and VAT at
5% on most goods and services.
Startups can benefit from various incentives, including tax holidays, government grants, and access to incubator programs.
UBO regulations require businesses to disclose information about individuals who ultimately own or control the company, ensuring transparency and compliance with anti-money laundering laws.
The ESR requires certain businesses engaged in specific activities to demonstrate substantial activities in
the UAE. This aims to prevent base erosion and profit shifting. More information can be found on the ESR page.
goAML is the UAE’s financial intelligence platform that allows businesses to report suspicious transactions and activities to the authorities. It supports the country’s anti-money laundering efforts.
ICV is a policy aimed at increasing the local economic contribution of businesses in the UAE. Companies are encouraged to develop their local supply chains to enhance economic growth
Registration typically involves submitting documentation that demonstrates your commitment to local content and supply chain development.
The Supreme Petroleum Council regulates the oil and gas sector in Abu Dhabi. Businesses looking to operate in this industry must comply with its regulations and licensing requirements.
The Abu Dhabi Municipality requires permits for various business activities, including construction,
food services, and retail. It is essential to check specific requirements based on your business type.
The CICPA (Critical Infrastructure and Coastal Protection Authority) Pass is required for businesses operating in critical infrastructure sectors, including oil and gas. It ensures compliance with safety and security standard
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