Easy Steps to Start your Business in Masdar City Abu Dhabi

by Zaara 30, Oct 2020

Easy Steps to Start your Business in Masdar City Abu Dhabi

Sustainable urban growth and economic free zone, Masdar City Free Zone Abu Dhabi serves as a “green print” for cities of the future. It seamlessly blends traditional Arabic architecture with state-of-art technology to maximize energy efficiency. It was founded in the year 2006 as an eco-project itself. It is emerging as an international hub for companies focusing on clean technologies and renewable energy. It is intended at providing the infrastructure amenities to develop commercially viable renewable energy projects in the MENA and International markets.

Masdar City in Abu Dhabi acts as a test-bed for businesses fixated on renewable energy research and development of products and services that helps in conserving energy and reducing the worldwide Carbon footprints. The Abu Dhabi Masdar City is made up of four interconnected business units, comprising research-driven Masdar Institute University to promote research, development, and innovation in the region.

  • Masdar Power - Handles the energy projects in Masdar City and other projects in the Seychelles  and UK
  • Masdar Institute of Science and Technologies - Non-Profit making education institution that concentrates on alternative energy sources and clean energy
  • Masdar Carbon - Focused on clean development mechanism projects and carbon capture and store
  • Masdar Venture Capital - An investment that supports creating clean energy and environment services

Before getting in-depth, let us first know the benefits of setting up a company in Masdar City Abu Dhabi.

Advantages of Business Setup in Masdar City Free Zone

  • 100% foreign ownership
  • 100% tax-free – from corporate and personal income taxes
  • 0% import tariffs
  • Freedom of capital and profit repatriation
  • One-stop-shop for quick and easy business setup
  • Strategic location between Dubai and Abu Dhabi
  • R&D hub – partnering with Khalifa University
  • Highly cost-effective licensing and office space
  • One of the world’s most beautiful, sustainable living and working business clusters
  • The critical mass of sector knowledge and talent

Licensing Segments

There is a wide array of business types for which a license may be issued at Masdar City. The business segments for which license applications are accepted in Masdar City comprise:

  • Renewable Energy
  • Clean Tech & ICT
  • Marketing and Events
  • Human Resources Development
  • Energy Industry
  • Healthcare Services
  • Service Providers
  • Property Development Services
  • Regional Head Quarters, Trading and Holding Companies
  • Data Centres and Business Centre
  • Community Services (Food, Retail, and Beverage outlets) Oil and Gas Services

Types of Corporate Entities in Masdar City Abu Dhabi

There are three types of business structures, foreign investors may establish in the Masdar City Free Zone:

  • Limited liability companies with a corporate shareholder
  • Limited liability companies with a natural shareholder
  • Branch offices

Process of Starting a Business in Masdar City Free Zone

Entrepreneurs wanting to establish a business in Masdar City are required to abide by the company registration regulations of the free zone authority. The first step you need to do is get a business license before starting business operations. Commercial licenses are issued by the Masdar Free Zone Authority. Also, enterprisers are required to conclude a leasing contract for a property in Masdar City before the license is issued.

You need to submit a set of documents for your business registration. They are –

  • A business plan
  • The company’s memorandum and articles of association
  • Submit a bank reference letter as proof of the deposited share capital
  • Copy of the lease agreement

The steps to register your business in Masdar free zone are simple and straight-forward. It includes –

  1. Filling up the business name Registration Form and pay fees
  2. License form to be filled and submitted with obligatory documents
  3. Receiving the confirmation letter
  4. Opening a business bank account
  5. Obtaining the business license and signing the lease

We at Commitbiz can help you with this process. Our business setup consultants in the UAE have years of experience in this field and can make the procedure hassle-free. Contact us today for more information.