Of late, the United Arab Emirates (UAE) has emerged as a leading destination for starting a business. The rapidly evolving industrial landscape offers entrepreneurs and businesses strategic advantages, and given this fact, the country has emerged as a favourite.
While all the Emirates have seen an uptick in business setups, the capital, Abu Dhab, i gets more attention from entrepreneurs. In that regard, Khalifa Industrial Zone Abu Dhabi (KIZAD) plays a vital role in UAE's journey towards economic diversification. It offers a vibrant and integrated space where manufacturing, logistics, and trade come together effortlessly.
KIZAD free zone allows a business to access the two largest markets of the UAE. Planning for a business setup in Abu Dhabi? Khalifa Industrial Zone Abu Dhabi can be an option. Read this article for more information before getting started.
What is KIZAD?
Khalifa Industrial Zone Abu Dhabi is one of the largest free zones in the world and consists of two areas. While ‘Area A’ is primarily designed for industrial activities, ‘Area B’ is assigned for commerce-based companies. It operates under the umbrella of Abu Dhabi Ports and is strategically positioned adjacent to Khalifa Port, one of the world's most advanced deep-sea ports.
Benefits of Business Setup in Khalifa Industrial Zone Abu Dhabi
Before setting up a business, it is important to learn about the advantages. Some of the benefits of establishing KIZAD free zone companies are mentioned below:
- 100 percent foreign ownership is permitted, allowing entrepreneurs to have complete control of business operations.
- For KIZAD company setup, there is no import/export duty, and businesses can enjoy competitive tax rates.
- Licensing and visa processing procedures are fast-paced to ensure business efficiency. Authorities make use of advanced digital systems for streamlined customs and administrative procedures.
- Businesses can access state-of-the-art infrastructure and reliable utilities and benefit from a strong logistics network.
- With plenty of skilled labor available, hiring and coming up with the best teams can help the business in achieving its goals.
- Business setup in the KIZAD free zone enables you to access the Middle Eastern, African, and Asian markets.
- Khalifa Industrial Zone Abu Dhabi offers long-term land leases at competitive rates to foster innovation and operational efficiency.
Process of Business Setup in KEZAD Free Zone
For starting a company in Khailfa Industrial Zone Abu Dhabi, the process is mentioned below:
Step 1 - Select a business structure for company formation in KIZAD.
Step 2 - Decide on the business activity that the company engages in.
Step 3 - Determine a name for the company and apply for trade name registration in Abu Dhabi with the relevant authorities.
Step 4 - Prepare the necessary documents to obtain the appropriate trade license.
Step 5 - Register the business with the relevant free zone authorities by submitting the required documents and paying the registration fees.
Step 6 - Apply for the relevant business license in Abu Dhabi. You must opt for the license based on the business activities conducted in the Emirate.
Documents Required for Starting a Business in KIZAD Free Zone
While incorporating a business in Khalifa Industrial Zone Abu Dhabi, you may be required to submit the following documents:
- Copy of business plan
- Copies of Articles of Association (AoA) and Memorandum of Association (MoA)
- Copy of No Objection Certificate (NOC)
- Copies of shareholder(s) passport and visa
- Passport-sized photograph of all shareholder(s)
How Can Commitbiz Help?
Commitbiz, a leading corporate service provider, can be a trusted partner in navigating the opportunities presented by KIZAD. We offer comprehensive business setup services tailored as per your specific needs. Our team of business setup experts possess extensive knowledge of KIZAD's regulatory framework and operational requirements, enabling smooth company formation.
We handle all aspects of the business setup journey. From obtaining initial approvals and license to visa processing and ongoing compliance management, contact us to get started with business setup in Khalifa Industrial Zone Abu Dhabi!
Which trade licenses are available in the KIZAD free zone?
Several trade licenses, including industrial, general trading, and service licenses, are available in the Khalifa Industrial Zone Abu Dhabi.
Which business structures can be used to incorporate a company in KIZAD?
Some of the business structures available in KIZAD include a limited liability company, a branch office, free zone establishment, and free zone company.
What is the minimum capital required for company formation in the KIZAD free zone?
The minimum capital requirement varies based on the type of business which is to be established.
Can I conduct business outside of the KIZAD free zone when setting up a business?
Yes, you can operate both within and outside the free zone. However, businesses may be required to obtain an additional license.
Are banking services available in KIZAD?
Yes, banking services are available in KIZAD, as it has good partnerships with various banks.