Professional Company
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Professional Company
Professional Company Formation in Abu Dhabi Mainland is a business structure designed for licensed professionals seeking to offer specialized services in fields such as medicine, law, engineering, consulting, and more.
This unique business setup stands out due to its specialization in accommodating licensed professionals, flexibility in ownership and management, and alignment with the specific needs of professionals across various domains.
It also provides a solid foundation for professionals to deliver their specialized services in UAE.
Mainland Company Setup in Abu Dhabi – Benefits
Full Ownership
Those opting for a Professional Company in Abu Dhabi can retain 100% ownership of their business. This grants them complete control over management and decision-making, facilitating efficient service delivery.
No Minimum Capital Needed!
Professional companies in Abu Dhabi do not face a minimum capital requirement. This accessibility makes it feasible for a diverse range of professionals to establish their presence in the emirate without significant financial constraints.
Location Advantage
Abu Dhabi’s strategic location within the UAE positions it as an exceptional gateway to access not only the opportunities within the emirate but also across the entire nation.
Minimal Taxation
Another benefit of a business setup is that minimal tax obligations imposed on professionals. This can significantly enhance profitability and financial sustainability.
Steps for Professional Company Setup in Abu Dhabi
- Identify the specific professional activity you intend to engage in, as different activities may require specific licenses and approvals.
- Obtain all necessary licenses and approvals from the relevant regulatory authorities to kickstart your professional venture.
- Choose a unique trade name for your professional company and register it with the Department of Economic Development (DED) in Abu Dhabi.
- Draft and notarize the Memorandum of Association (MOA) for your professional company. This document should comprehensively outline your company’s activities, ownership structure, and other essential details.
- Acquire a physical office space that aligns with the requirements of your professional activity, located within Abu Dhabi.
- Submit your license application along with all required documents to the DED, including your MOA, trade name registration, and other necessary supporting documents.
- Pay the applicable licensing fees and obtain your professional license from the DED.
- Register your professional company with the relevant authorities, such as the Ministry of Health, Ministry of Justice, or other pertinent bodies, depending on your field of expertise.
- Process the necessary visas and immigration requirements for yourself, your employees, or partners involved in the company.
- Open a business bank account in Abu Dhabi to streamline financial transactions and operations.
Documents Required
For Professional Company Formation in Abu Dhabi, specific documents are essential to complete the process:
- Memorandum of Association (MOA): This document outlines your company’s objectives, ownership structure, and other critical details.
- Trade Name Registration Certificate: This certificate confirms the approval and reservation of your chosen trade name.
- Office Lease Agreement: Proof of a physical office space in Abu Dhabi is required, meeting the regulatory standards.
- Licensing Applications: Various licenses and approvals from relevant regulatory authorities, depending on your field of expertise.
- Capital Certificate: A certificate from a local bank indicating the deposit of the required share capital.
- Approvals and Permits: Any industry-specific approvals, permits, or licenses required for your professional activity.
Fees
The fees associated with Professional Company Formation in Abu Dhabi may vary based on factors such as the type of professional activity and specific licensing requirements. These fees will differ and typically include:
- Trade Name Reservation: A fee for reserving your chosen trade name.
- Licensing Fees: Charges for obtaining the professional license and other necessary permits.
- Office Space Rental: Costs associated with leasing a physical office space.
- Legal Fees: Expenses related to document drafting, notarization, and legal assistance.
- Bank Account Opening: Fees related to opening a business bank account in Abu Dhabi.
Time Required for Mainland Company Setup
The time required for mainland company setup can vary based on several factors, including the efficiency of document preparation, the complexity of licensing, and regulatory approvals. On average, the process may take approximately 2 to 4 weeks, but it could be shorter or longer depending on the specific circumstances.
Actualize Your Professional Ambitions in Abu Dhabi with Insight 360!
Professional Company Formation in Abu Dhabi unlocks abundant opportunities for licensed professionals. From complete ownership and financial advantages to a seamless setup process, this business structure offers the ideal platform to establish a successful professional venture in the dynamic UAE.
With Insight 360, Professional Company Formation in Abu Dhabi becomes a streamlined and efficient process. Our expertise, knowledge of local regulations, and commitment to your success ensure that you can focus on delivering your specialized services while we handle the intricacies of setup and compliance. Reach out to us today to start your professional success in Abu Dhabi with confidence and ease.
