Our comprehensive business setup services in Abu Dhabi and Dubai offer seamless support throughout the entire setup process.
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As a full-service accounting firm, we offer a wide range of professional business services and individual financial services that include Business Setup Services, Accounting & Tax Services and Business Services. Our comprehensive corporate services streamline your operations helping you focus more on your business. Let's simplify your business together.
We offer a comprehensive suite of cost-effective financial solutions tailored to your business needs.
We offer registration, deregistration, return filing, accounting, and expert advice to minimize your tax liability and maximize profits.
We offer expert tax advice to ensure full compliance with Corporate Tax and VAT regulations imposed by the Federal Tax Authority.
We take care of everything related to business finances. From managing cash flow & future planning to handling any accounting tasks, we provide all the support you need.
Open business or personal UAE bank accounts effortlessly with our help.
Our expert team offers comprehensive ICV certification services from data collection to certification.
Our liquidation services handle asset valuation, creditor management, legal compliance, and final closure.
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Is it possible to start a company in Abu Dhabi by yourself? Yes. However, starting a company without expert guidance will not be easy. From licensing and legal intricacies to financial planning and market research, the tasks can be overwhelming. You gotta ask yourself if you're ready to tackle all that while also building your business. Here are some things you need to know before making the decision.
Abu Dhabi has its own set of business rules. Trying to understand them all can be like learning a new language. A local service provider knows the ropes and can guide you through the process.
There are countless details to consider when starting a business. A service provider can help you identify potential pitfalls and maximize your chances of success.
Setting up a business means tackling a lot of paperwork. Licenses, permits, registrations – it can feel like a lot to manage.
Setting up a business takes time – precious time you could be spending on growing your business. A service provider can speed things up and get you operational faster.
Our team of experts will help you answer this in minutes. We have helped more than 100+ individuals with business setup in Abu Dhabi & Dubai.
Planning to set up your company in the free zone in UAE? Then you've come to the right place. Let's find the perfect free zone for your business.
Ready to establish your mainland company in Abu Dhabi? Setup your mainland company with Trust Accounts Management and enjoy the freedom to operate anywhere in the UAE.
We're not just consultants; we're your partners in building a successful business in the UAE. With our deep understanding of the UAE's economic and regulatory environment, we'll be your guide through the growth journey.
We offer a wide range of services that help you set up and run your business effectively and efficiently in the UAE.
"Empowering financial excellence, driving growth through strategic insights, and safeguarding sustainable success is what we do best at Trust."
From the Chief Financial Officer
We’re proud of our ability to work across a wide range of industries. No matter the sector, we provide financial solutions that are customized to meet the unique challenges and opportunities each business faces.
We're not just consultants; we're your partners in building a successful business in the UAE. With our deep understanding of the UAE's economic and regulatory environment, we'll be your guide through the growth journey.
Trust Accounts Management has been a reliable partner for all our financial needs. Their expertise and guidance have made running our business so much easier.
From setting up our company to managing our finances since 2018, I Have to say Thank you to Mr. Belal and his team.
Thanks to Trust Accounts, our accounting and taxes are always handled smoothly. We can focus more on growing our business.
The team at Trust Accounts is professional, efficient, and always available when we need them. We couldn’t ask for better support.
The procedures to start a business are not the same for all. It may change according to the type of your business. But the usual procedures are as follows:
Business Idea: Determining your business idea and target market.
Choose a Business Structure: Decide whether you want to set up a sole proprietorship, a limited liability company (LLC), or a public limited company. Each structure has its own advantages and disadvantages.
Business Plan: Come up with a comprehensive business plan. A well-crafted business plan outlines your goals, strategies, and financial projections.
Select a Business Name: Ensure your chosen name is unique and doesn't conflict with existing businesses. Check with the Department of Economic Development (DED) for availability.
Obtain a Business License: Apply for a business license from the DED. The specific requirements may vary depending on your business activity.
Find a Suitable Location: Locate a suitable premises for your business, considering factors like zoning regulations and accessibility.
Hire Employees: If you plan to hire employees, comply with local labor laws and obtain the necessary work permits.
Open a Bank Account: Set up a corporate bank account to manage your business finances.
Comply with Tax Regulations: Familiarize yourself with Abu Dhabi's tax laws and ensure timely compliance.
Register for VAT: If your business exceeds the VAT registration threshold, register for Value-Added Tax (VAT).
Obtain Necessary Permits and Approvals: Depending on your business sector, you may need additional permits or approvals from relevant government agencies.
It's advisable to seek professional advice from local business consultants or lawyers to ensure compliance with all legal requirements.
Is it tough? Not really, but it requires some planning and paperwork. Here’s a breakdown:
Choose your business activity: Choose what kind of business you want to do. There’s a wide range of business activities to choose from.
Select a legal structure: Consider factors like ownership, liability, and tax implications. Common options are sole proprietorship, limited liability company (LLC), and public joint stock company.
Find a local sponsor: If you're not a UAE national, you'll need a local sponsor. They can be an individual or a company.
Get a visa: Depending on your business activity, you might need a visa to stay and work in the UAE.
Obtain necessary licenses and permits: Different activities require different permits. Check with the relevant government departments.
Register your company: Submit the required documents to the Department of Economic Development (DED) in the emirate where you want to set up.
Open a corporate bank account: You'll need a bank account for your business transactions.
Remember: The process can vary slightly depending on the emirate and the specific nature of your business. It's always a good idea to consult with a local business setup specialist for personalized guidance
Mainland and Free Zone are two primary business setup options in the UAE. Each has its unique advantages and drawbacks. Here's a brief overview to help you decide:
Mainland Business Setup
Free Zone Business Setup
While free zones in the UAE offer a host of benefits for businesses, it also has some limitations. Here are some of them:
Limited Scope of Operations: Free zone companies are typically restricted to conducting business within the designated free zone.
No Ownership of Property: Free zone companies cannot own real estate within the UAE.
Restrictions on Hiring Local Employees: While free zone companies can hire foreign employees, they often have restrictions on hiring local Emirati staff. These restrictions vary depending on the specific free zone.
Limited Tax Benefits: While free zone companies enjoy corporate tax exemptions, they may still be subject to other taxes, such as import/export duties or fees charged by the free zone authority.
Regulatory Compliance: Free zone companies are subject to the regulations and rules of the specific free zone in which they operate. This can sometimes be more complex than complying with general UAE business laws.
Limited Liability: While free zone companies offer limited liability protection, the extent of this protection can vary depending on the specific free zone laws and the company's activities.
Well, for starters, the UAE government is super supportive of businesses. They've created a fantastic environment where entrepreneurs can thrive. Here are more reasons why should start your business in Dubai:
Tax-friendly: No corporate tax? Yep, you heard that right! Plus, the labor and financing costs are pretty competitive.
No red tape: Forget about those pesky trade barriers and foreign exchange controls. It's a smooth sailing experience.
Strategic location: The UAE is like a hub for business, connecting you to billions of customers in Africa, West Asia, Eastern Europe, and the Middle East. And with world-class transport links, it's easy to get around and do business.
Easy setup: Setting up a business here is a breeze. It's straightforward and won't break the bank.
Talent and infrastructure: You'll find a pool of highly skilled people and top-notch infrastructure. Perfect for startups and established businesses alike.
Lifestyle: Dubai offers a high quality of life, with unparalleled safety and security. It's a magnet for global talent.
Market research made easy: Conducting market research is a breeze thanks to clear procedures and a solid legal framework.
You will need a license to run a business in Dubai. Here are the different types of business licenses you might need in the UAE, explained in a simple way:
Commercial License: This is for businesses that buy, sell, or trade goods. Think of it as a license to run a store or a wholesale business.
Industrial License: If you're planning to manufacture products or process raw materials, you'll need this license. Factories and workshops usually require this.
Professional License: This is for businesses that offer professional services like consulting, accounting, or legal advice. Think of it as a license to practice your profession.
Tourism License: If you're in the tourism industry, such as running a hotel or a travel agency, you'll need this license.
Agricultural License: For businesses involved in farming, agriculture, or livestock, this license is necessary.
Service License: This covers a wide range of businesses that provide services, like cleaning, maintenance, or transportation.
Setting up a business in the UAE requires you to follow certain legal requirements. Here's a quick overview:
Choose a business activity: Decide what your business will do. The UAE has a wide range of business activities you can choose from.
Select a legal structure: The most common options are sole proprietorship, limited liability company (LLC), and public joint stock company. Each has its own benefits and drawbacks.
Obtain a business license: This is essential for operating legally in the UAE. The specific requirements will depend on your business activity and legal structure.
Register your company name: Your company name must be unique and comply with local regulations.
Obtain visas and permits: If you're planning to hire employees or work in the UAE yourself, you'll need to obtain the necessary visas and permits.
Comply with local laws and regulations: This includes tax laws, labor laws, and other relevant regulations.
Remember: This is just a general overview, the specific requirements can vary depending on your business type, location, and other factors. It's always a good idea to consult with a local business setup specialist for personalized advice.
Absolutely! Foreigners are indeed welcome to own businesses in Abu Dhabi. There are a few different ways to do this:
100% Foreign Ownership: For certain sectors and activities, foreigners can establish companies with complete ownership. This often includes technology, healthcare, and specialized industries.
Free Zone Companies: These are special economic zones where foreign investors can set up businesses with 100% owners
Setting up a business in Abu Dhabi has many procedures. Here's a general outline of the steps you'll need to take:
Choose Your Business Structure: Decide whether you want a sole proprietorship, a limited liability company (LLC), or a public limited company. Each has its own benefits and drawbacks.
Get Your Business Name Approved: Make sure your chosen name isn't already taken and that it complies with local regulations.
Obtain Necessary Licenses and Permits: Depending on your business type, you may need various licenses and permits. Research what's required for your specific industry.
Finding a Local Sponsor: If you're not a UAE national, you'll need a local sponsor to set up a business. This sponsor can be an individual or a company.
Open a Corporate Bank Account: Once you have your business license, you can open a corporate bank account to handle your business finances.
Register with Relevant Authorities: Make sure you're registered with the Department of Economic Development (DED) and any other relevant government agencies.
Remember: This is just a general overview, the specific requirements can vary depending on your business type, location, and other factors. It's always a good idea to consult with a local business setup specialist for personalized advice.
A free zone, also known as a special economic zone (SEZ), are business-friendly locations in the UAE where businesses can operate with minimal government interference. These zones often offer tax breaks, customs exemptions, and simplified regulatory procedures. Think of it as a business-friendly oasis where companies can thrive without the usual red tape.
Should you set up your business in the UAE free zone? Absolutely. Setting up a business in a UAE free zone can be a fantastic choice for the following reasons:
Tax-free environment: Enjoy zero corporate tax, personal income tax, and capital gains tax.
100% foreign ownership: Have full control over your business without the need for a local partner.
Simplified procedures: Benefit from streamlined company registration and visa processes.
Strategic location: Access a thriving global market with excellent connectivity.
World-class infrastructure: Enjoy modern facilities and support services.
Setting up a company in the UAE can be done relatively quickly, but the exact timeline can vary depending on several factors, such as the type of company and the specific legal requirements for your business. Generally, the process can take anywhere from a few weeks to a couple of months.
It's mandatory to have the following documents before starting your business.
Identification documents: Passport and visa copies.
Business plan: A detailed outline of your business concept, goals, and financial projections.
Memorandum of Association (MOA): A legal document outlining the company's objectives, structure, and shareholders.
Articles of Association (AOA): A document that defines the internal rules and regulations of the company.
License application: The specific type of license you need will depend on your business activity.
Proof of funds: Evidence of sufficient funds to support your business operations.
Office space: A registered address in the UAE.
Abu Dhabi, the capital of the United Arab Emirates, has been a thriving business hub for years all thanks to its strategic location, stable economy, and government support. Some of the most promising business sectors in Abu Dhabi are Technology and Innovation, Healthcare, Tourism and Hospitality, Renewable Energy, Logistics and Transportation etc.
Starting your own business will need you to secure a visa. Here's a breakdown of the general process:
Choose Your Business Activity: The UAE has a wide range of business activities you can choose from. Decide which one aligns best with your goals and expertise.
Select a Visa Type: The visa type you'll need depends on your business activity and nationality. Common options include:
Prepare Required Documents: Gather the necessary documents, which typically include:
Submit Your Application: You can submit your visa application through the UAE government's online portals or by visiting a visa processing center.
Await Approval: The processing time for visas can vary, so be patient. Once your application is approved, you'll receive a visa stamp in your passport.
The tax regime of UAE is favorable for businesses, making it an attractive destination for entrepreneurs and investors. Here are some of the key tax advantages:
No Corporate Tax: One of the most significant benefits is the absence of corporate tax. This means businesses can retain a higher proportion of their profits, which can be reinvested into growth or distributed to shareholders.
No Personal Income Tax: The UAE also doesn't have a personal income tax, making it a popular choice for expatriates and individuals looking to establish a business.
Value-Added Tax (VAT): While the UAE does have a VAT system, it's generally considered relatively low compared to other countries. Additionally, there are various VAT exemptions and refunds available for businesses, which can help reduce their overall tax burden.
Double Taxation Avoidance Agreements: The UAE has signed double taxation avoidance agreements with numerous countries. This helps prevent businesses from being taxed twice on the same income, making it easier to operate internationally.
Absolutely not. While having a local sponsor might have been a requirement in the past, it's no longer the case. The UAE has significantly eased its business setup process, making it more accessible to foreign investors. You can now establish a business in the UAE without the need for a local partner.
Our team of experts will help you answer this in minutes. We have helped more than 2200+ businesses in Abu Dhabi & Dubai.
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