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Why Businesses Come To Abu Dhabi

Why Businesses Come To Abu Dhabi

Why Businesses Come To Abu Dhabi

As the global economy continues to slow, oil-rich Abu Dhabi has emerged as one of the most affluent and fastest growing markets in the world. It therefore makes sense for international businesses who are seeing a slowdown in their home markets to expand their operations to the UAE’s capital city Abu Dhabi.
Furthermore, today it has never been easier to start up your business in the United Arab Emirates thanks to the plethora of new consultancies in Abu Dhabi now offering a range of services for starting a business from organizing work visas to helping you find the right industrial or office space for your business.
Another key factor is the recent abolition of laws requiring businesses to have at least AED150, 000 ($40,000) start-up capitals has resulted in a doubling of company registrations. Previously, entrepreneurs would only be granted business licenses if they had a bank balance of at least AED150, 000 (US$41,000). This was designed to ensure that the company had sufficient assets to get off the ground.
Finally, with the presence of free zones, international businesses now no longer need to enlist a local partner that has 51 per cent ownership in the company.
(ADBHUB is a premium business park in Mussafah, Abu Dhabi, offering ready-made and built-to-suit office and warehouse space. For more information on leasing in ADBHUB please call Arush Jean D’Souza, Property/ FM Manager, on +971 2 4475335 or email [email protected])

 

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