Company Formation in Abu Dhabi Free Zones
Avail the Advantages of Company Formation in Abu Dhabi, the Federal capital of the United Arab Emirates!
Why Abu Dhabi Free Zones for Company Formation?
Abu Dhabi, the federal capital of the UAE and the largest of the seven Emirates with 80% of the country's land area, is a popular business hub with a coastline that stretches over 700 kilometres. There are several free zones in Abu Dhabi which offer favorable environment for business setup in the Emirates and provide a gateway for foreign investors to tap its full potential.
Abu Dhabi free zones are a part of the Emirate's economic diversification initiative to boost local economy and spur foreign investment. The business setup in free zones comprises primarily of media and light companies, logistics companies, and medium and heavy industries. There are many incentives and facilities that shareholders receive by setting up operations in Abu Dhabi free zones, which is the key driving force behind company formation in Abu Dhabi.
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Advantages of setting operations in Abu Dhabi Free Zones:
- 100% foreign ownership
- Full exemption from profits and capital
- Exemption from taxes on personal or corporate income
- Exemption from import and export customs duty for goods and services
- Purpose built advanced infrastructure
- Business cluster environment where companies falling under similar industries share a work campus. This encourages friendly interaction and effective collaboration
Free Zone Company Formation in Abu Dhabi
The only purpose of company formation in Abu Dhabi freezones is to facilitate and promote foreign investment; therefore the procedures for business setup are simple, straight-forward, less time-consuming, and independent of bureaucratic barriers.
Free zones are established as independent jurisdictions which act as a single window administration and allow the expatriate entrepreneur to wholly own a company (100% share) without partnering with a UAE national. Abu Dhabi Free Zone Authority (FZA) is the independent government body that issues free zone operating licences, handles registration of non-resident companies, and provides assistance to companies in establishing their business.
Types of Legal Entities in Abu Dhabi Free Zones
A corporate or an individual entity can register their ventures in Abu Dhabi free zones, in any one of the following ways:
- Free Zone Companies (FZC) or Free Zone Limited Liability Company (FZ-LLC)
- Free Zone Establishments (FZE)
- Branch office or representative offices of a Foreign Company (where the applicant is a foreign national)
- Branch office or representative offices a UAE Company (where the applicant is a UAE national)
- Freelance License (An individual can work as a freelancer in Abu Dhabi Media Zone)
Free Zone Establishments and Companies are known as Limited Liability Companies, and have to follow the laws and regulations of the free zone where they are located.
List of Free Zones in Abu Dhabi
Free zones were developed in Abu Dhabi to promote industry specific clusters and initiate growth in the region. Abu Dhabi free zones are apt for companies that want to setup a base in the Middle East and have major business transactions outside the emirates.
List of free zones in Abu Dhabi :
Skycity, a subsidiary of Abu Dhabi Airports Company (ADAC) is responsible for developing Abu Dhabi Airport Free Zone, which is a comprehensive business park in the vicinity of Abu Dhabi International Airport. It offers regular free zone benefits, like, world-class infrastructural facilities, tax exemptions, and 100 per cent foreign company ownership, etc. to investors belonging to Aviation, Airport services, Aerospace, Logistics, Cargo and Freight sectors, apart from the infrastructural benefits like warehousing and logistic units, land plots, and commercial offices for business setup.
Masdar City is a special economic zone and the flagship project of Abu Dhabi Future Energy Company (Masdar), which focuses on the renewable energy and clean technology. It is an emerging global hub for investment, Research, Development and Implementation in the field of renewable energy, and houses companies that Initiate, Demonstrate, Develop, Refine, and commercialise these technologies.
Clean energy start-ups prefer setting up operations in Masdar city as it provides them not only with all the advantages of a free zone but also act as a one-stop-solution for all licensing, recruitment, and registration requirements.
Twofour54 is a Media free zone set up by the Media Zone Authority (MZA) to position Abu Dhabi as a regional centre of excellence and a prominent player in the Arabic media content creation industry. Abu Dhabi media free zone offers 100 per cent foreign ownership and all other financial benefits to media companies established in the region.
MZA aims to create a platform for inclusive development of Arabic media and entertainment content in all spheres (Events, Film, Digital Media and Publishing, Music, Broadcast, and Gaming, etc. Additionally, Twofour54 supervises implementation of the operational policies and strategies in the free zone. Prominent media houses like Thomson Reuters Foundation, CNN, Financial Times, BBC, etc. have setup their operations in Twofour54.
Khalifa Industrial Zone Abu Dhabi (Kizad)
Khalifa Industrial Zone Abu Dhabi, popularly known as Kizad is a significant visionary project for 2030 that aims at providing world class transportation infrastructure to regional, local, and international markets through rail, road, air and sea networks. Strategically located between in Al Taweela (a place between Abu Dhabi and Dubai), this project is believed to benefit more than 2 billion consumers. In order to ease company formation process in Kizad, 100 percent foreign ownership is provided in certain strategic economic sectors and getting permits and approvals from the government has been made easier.
Commitbiz for Free Zone Company Setup in Abu Dhabi
Company formation in Abu Dhabi free zones needs comprehensive business planning and decision making to ensure that appropriate infrastructure is chosen and all the necessary formalities are taken care of. One should be aware of all the legal procedures, licensing and registration requirements, types of ownership possible, funding requirements and have each and every document in place along with the minimum capital amount to be deposited in the bank as per the selected free zone.
Commitbiz has a specialized team of professionals having extensive knowledge of all company formation rules and regulations in Abu Dhabi free zones, and can help you setup your business in the commercial zone with ease in less time, and ensure huge tax savings. We help you form your company in the appropriate free zone by taking care of the visa, banking, licensing, registration, residential, and recruitment prerequisites.
We understand your company formation dreams in the Emirates, and strive to fulfill those with complete gusto. Contact us for company formation in Abu Dhabi free zone, and our specialized team will assist you at the earliest.
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