Abu Dhabi provides a mix of rich culture and a modern lifestyle. The strategic location and the various incentives offered by the government make it suitable for setting up a business for entrepreneurs and people in business all over the world.
One such beneficial place to set up a company is KIZAD of Khalifa Industrial Zone Abu Dhabi. This project was brought to light in November 2010 by the officials of the Abu Dhabi Ports and began its operations in September 2012.
The aim was to attract companies which wanted to have a presence in the United Arab Emirates and the rest of the Middle East. The huge size allows companies and businesses in various domains to setup up in the area.
Let's look at some of the benefits the free zone offers to entrepreneurs worldwide.
Advantages of Business Setup in Abu Dhabi Free Zone KIZAD
From state-of-the-art technologies to well-developed infrastructure, there are numerous advantages which are offered by the free zone, such as:
1. Excellent Connectivity
KIZAD has easy access to various international airports and can access almost sixty seaports via seaport. It has a well-knit system of railways and also possesses a four-lane highway.
There is also a separate Hot Metal road which is only utilized to transport liquid metal. This is the first free zone which is connected via Etihad Railways.
The modular paths developed port services and many required and feature-filled buildings and warehouses.
2. Digitalization
This free zone comprises all the new facilities and is embracing digitalization with open arms. Digitalizing the various processes will help quick and easy acquiring of the various licenses and smooth and easy registration of companies in the free zone.
3. Licenses
Abu Dhabi Department of Economic Development (DED) offers a dual licensing regime. The companies set up here do not need to have a separate physical space, and there is also no need for a local service agent.
KIZAD also has an option of forming a low-cost branch company on the Mainland.
4. Costing Advantages
No personal or corporate tax exists, and the companies set up in the zone need not pay customs duties on the goods. The free zone also has competitive lease rates and logistics costs.
The companies set up in the free zones can trade with the neighbouring GCC countries duty-free.
5. Supporting the Investors
According to the World Bank, Dubai is ranked number one in the middle east for the Ease of Doing Business. It also allows for 100% foreign ownership and even complete repatriation of capital and profits. According to the Economic Intelligence Unit, it is ranked number 1 for safety in the Middle East.
6. Advantage of Location
This free zone is located midway between Dubai and Abu Dhabi and is less than a one-hour flight from the capitals of all the emirates.
The free zone caters to the indigenous population of 55 million and can be accessed worldwide due to the easy connectivity.
Besides all these, there are various other benefits a company can avail of by setting up in the KIZAD free zone. These benefits make the free zone a very lucrative place to set up your business.
Commitbiz will take care of all your business setup queries and provide various other services such as VAT and TAX calculation, Visa Service, Intellectual Property services and many more. For more details on the services offered, contact us – We will be happy to help.
How does KIZAD support the investors?
It allows for 100% foreign ownership and even complete repatriation of capital and profits.
How is the location advantageous?
Kizad free zone is located midway between Dubai and Abu Dhabi and is less than a one-hour flight from the capitals of all the emirates.
What are the costing advantages present here?
No personal or corporate tax exists, and the companies set up in the zone need not pay customs duties on the goods. The free zone also has competitive lease rates and logistics costs.
How is the licensing system in this free zone?
Abu Dhabi Department of Economic Development offers a dual licensing regime. The companies set up here do not need to have a separate physical space, and there is also no need for a local service agent.
What is the benefit of digitalization in the Kizad free zone?
Digitalizing the various processes will help quick and easy acquiring of the various licenses and smooth and easy registration of companies in the free zone.
