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The Emirate of Abu Dhabi, one of seven that constitute the United Arab Emirates, governs its affairs based on a comprehensive legal framework, out of which Licensing Laws form a substantial part. These regulations oversee how business activities (Commercial, Professional, Industrial, etc.) are conducted within the Emirate. All businesses need to obtain relevant permits and licenses from the authorities and adhere strictly to guidelines, failure to which may lead to punitive measures including, but not limited to, monetary fines or revocation of licenses.
Every business operating in Abu Dhabi is subject to numerous laws and administrative regulations. Changes to these regulations can often be complex and hard to keep track of. An experienced lawyer can help you ensure your business stays compliant with any new changes. Instances where you may require a lawyer include initiating a new business, regulatory compliance, renewing licenses, handling disputes or appeals against regulatory bodies, or even when closing a business.
Abu Dhabi’s Department of Economic Development (DED) is the chief body responsible for issuing and managing business licenses in the Emirate. The legal stipulations are stringent requiring businesses to re-register or renew their licenses annually. Rate structures and license requirements vary depending upon industry, size of business, nature of activity, and whether one is a national or a foreign individual or company. Companies also need to comply with Federal laws including those related to Anti-Money Laundering(AML), Consumer Protection, and data privacy, among others.
There are primarily three types of licenses issued in Abu Dhabi: commercial, professional, and industrial. Each license type covers various activities under its realm.
Failure to renew your business license can lead to penalties and fines, and in extreme cases, it could result in the closure of your business.
Yes, foreign individuals or companies can obtain a license, subject to meeting requirements that differ from those of UAE nationals or companies.
No, operating a business without a legitimate license is deemed illegal, attracts stiff penalties and can lead to business closure.
Yes, it is possible to amend a license after it has been issued, subject to approval from the licensing authorities.
The official website of the DED can provide valuable information about licensing requirements. Other resources include the Abu Dhabi Chamber of Commerce and Industry, the Ministry of Economy, the Abu Dhabi Global Market, and the Abu Dhabi Securities Exchange.
If you need legal assistance in Licensing, the starting point would be to reach out to a legal professional or a local law firm experienced in business laws in Abu Dhabi. Additionally, hiring a local research firm that understands the laws and can provide a detailed analysis of how regulatory changes can impact your business could be beneficial. Lastly, it is also recommended to engage with a business consultant familiar with legal requirements and the process of license application and renewal in Abu Dhabi.
