Business Setup in Abu Dhabi Mainland
Abu Dhabi, the largest emirate and the capital of the UAE, is globally recognized for its abundant oil reserves, playing a pivotal role in the UAE's economic strength. However, the emirate has steadily diversified its economy over the years to reduce dependence on oil. As of 2023, more than 143,000 active businesses were operating in Abu Dhabi, a significant milestone that showcases its commitment to fostering a diverse and robust business environment.
Abu Dhabi's economic diversification is evident in its expansion into industries such as tourism, finance, technology, and manufacturing. The non-oil sector has grown to comprise over 50% of the emirate's GDP, signaling a shift towards a knowledge-based economy. Notably, Abu Dhabi ranks as the second-largest economy in the Middle East, trailing only Saudi Arabia. The city's competitive edge is further bolstered by its rank at 16th on the global Ease of Doing Business Index.
The Abu Dhabi Mainland, governed by the Abu Dhabi Department of Economic Development (ADDED), provides entrepreneurs and investors with a streamlined business setup process. With over 3,000 business activities available across various sectors, companies can choose from a wide range of industries such as healthcare, renewable energy, and real estate. This flexibility has made Abu Dhabi a prime destination for both regional and international companies looking to establish a presence in the Middle East
In recent years, Abu Dhabi has also seen a remarkable increase in foreign investment, growing by over 300% since 2011. This surge is attributed to the city's favorable regulatory framework, robust infrastructure, and investor-friendly policies like the Golden Visa program, which has attracted global talent and innovation-driven businesses. The ADDED plays a critical role in supporting the business community by offering services such as business licensing, investment facilitation, and legal guidance