Here’s How you can Setup your Business in Abu Dhabi ZonesCorp

by Zaara 13, Oct 2020

The Emirate of Abu Dhabi has a lot to offer to businesses from its varied free zones dedicated to different industrial sectors. Today we will be discussing on one such Abu Dhabi free zone – The Higher Corporation for Specialized Economic Zone (ZonesCorp).

ZonesCorp is the largest operator of purpose-built industrial zones in the United Arab Emirates, providing investors with a world-class, tax-free, platform that encourages business growth. The free zone is a prime location for businesses looking to form a strong presence in the MENA region and service markets in both Eastern and Western hemisphere. ZonesCorp has developed six first-class industrial zones that now account for half of Abu Dhabi’s manufacturing GDP.

Before diving into the procedure of registering your business in ZonesCorp, let us first understand the advantages it offers to the businesses.

Benefits of Business Formation in ZonesCorp

  • State-of-art, fit-for-purpose infrastructure with fully integrated utilities
  • End to end support from project conceptualization to operation
  • Fast-tracked governmental licenses and approvals
  • Perfectly positioned for export throughout the MENA region
  • Gateway to Europe from the east and Asia from the west
  • No restrictions on repatriation of profits and capital
  • Import duty exemption on raw materials and machinery
  • Tariff-free access to more than 22 countries
  • Competitive leasing and utility rates
  • 100% foreign ownership

Business Entities Allowed in Abu Dhabi ZonesCorp

If you want to set up your business in ZonesCorp, then you must know that only one license is permitted throughout the region which is an Industrial License. Under the Industrial License, there are a range of corporate entities that can be registered, they are –

  • General Partnership Company
  • Limited Partnership
  • Partnership Limited with Shares
  • Limited Liability Company
  • Private Joint Stock Company
  • Public Joint Stock Company
  • Branch
  • Local Establishment
  • Joint Venture Company

ZonesCorp’s Zones

There are mainly eight zones in the free zone of ZonesCorp. They are –

  1. ICAD I
  2. ICAD II
  3. ICAD III
  4. ICAD IV
  5. ICAD V
  6. Al-Ain Industrial City – AAIC (I and II)
  7. Construction and Building Material Zone
  8. Laborers Residential Cities

To get in-detail information on what is permitted and not permitted in these zones, click here.

Business Activities Permitted in Abu Dhabi ZonesCorp

  • Chemicals
  • Food and beverage
  • Oil and gas
  • Leather and textile products
  • Construction materials
  • Engineering and metals
  • Assembling products
  • Wood and paper products
  • Fibreglass and plastic products

Procedure to Start a Business in ZonesCorp

Like any other free zone in the UAE, the procedure to register your business in Abu Dhabi ZonesCorp is similar. The steps are mentioned below –

  1. The first step is to obtain an Industrial License from the authorities at Higher Corporation for Specialized Economic Zones
  2. Next step is to reserve land and prepare for the lease contract
  3. Then, obtain approval from the Environmental Department
  4. Arrange for a constriction permit after which you will get a preliminary approval
  5. The last step is to obtain the Industrial License by paying fees

The documents required to complete this process are –

  • Authorized company contract
  • Document of control modification registration in the Ministry of Economy
  • Environment license
  • A factory site plan indicating manufacturing and services areas
  • Land plan
  • Feasibility study
  • Membership Certificate of Abu Dhabi Chamber of Commerce
  • Valid lease contract
  • Passport copies of shareholders
  • Power of attorney
  • The Environment Agency – Abu Dhabi (EAD) technical information
  • Additional information for environment authority

If you need any help in completing this procedure, then we at Commitbiz can help you with it. Right from business incorporation to office space, we cover it all. Our specialists have years of experience in this field and can make the process hassle-free. Contact us today for more information.