Abu Dhabi is a promising market for economic activities

Media In – Abu Dhabi

Abu Dhabi offers many promising opportunities to launch a successful business in one of the fastest growing, safest and most stable markets in the world. The procedures are transparent and flexible, and transactions are easy and fast to obtain a license for economic activity through a range of eServices.
The procedures for establishing any business in the Emirate of Abu Dhabi include:
Determining the type of economic activity: Before proceeding with the process of issuing commercial licenses, it is important for the investor to determine the activity to be practiced, as the legal conditions and activities fees vary according to their nature.
Determining the legal form of the establishment: A set of legal forms that suit the needs of the project, such as an institution and a limited liability company, are available. The requirements and laws of each form vary according to their nature.
Registration of the trade name: After selecting the type of activity and legal form of the project, a commercial name should be chosen that distinguishes the establishment from other establishments and is consistent with the nature of the activity and the legal form.
Obtaining initial approval: After obtaining the trade name certificate, the investor can start the procedure of obtaining the preliminary approval, which allows to proceed with the procedures for issuance of the license, and address the relevant authorities to obtain their approval to practice the required economic activity.
At this stage, the investor can also rent a site to conduct his business, after reviewing the Department of Trade Protection in the Department of Economic Development and related parties to determine whether the proposed site meets the conditions and specifications, as well as its suitability for the activity.
Obtaining the approvals of the relevant parties: After obtaining the preliminary approval, which allows the investor to address the relevant authorities, to obtain their approvals after meeting the requirements and legal conditions.
Issuing the Commercial License: After obtaining the approval of the relevant parties, if any, the investor may approach the Department of Economic Development and meet all the legal requirements and pay the fees for issuing commercial licenses.