Setup Your Company at TwoFour 54 | UAE Free Zones
Be a Part of twofour54 - The Tax-Free Gateway and the Media & Entertainment Hub in the Middle East!
Twofour54 Free Zone - At a Glance
Twofour54 Free Zone, is named after the geographical co-ordinates of Abu Dhabi, and is the commercial arm of the Abu Dhabi's Media Zone Authority.
Twofour54's vision is to enable the development of world-class Arabic media and entertainment content by Arabs for the Arabs, and has been ranked as one of the top free zones in the Middle East by the Foreign Direct Investment Magazine.
It aims to position Abu Dhabi as a regional centre of excellence in content creation across all media platforms including animation, film, broadcast, music, television, mobile, digital media, events, gaming, publishing, radio, and events.
Twofour54 is a collaborative environment specifically designed to provide attractive economic benefits like 100% foreign ownership and tax-free environment to allow your media and entertainment business to flourish in the Abu Dhabi media zone. Twofour54 consists of three key business pillars that help companies capitalise on the opportunities across all media platforms in this content creation ecosystem. These include, twofour54 tadreeb, twofour54 ibtikar and twofour54 intaj superbly supported by business enabler twofour54 tawasol.
Why Setting up Business in twofour54 Makes Sense
Setting up a business in Abu Dhabi Media Free Zone makes a perfect business sense, as it is the world's fastest growing media market with a population of 340 million, half of which is below 25 years of age. Moreover, twofour54 accounts for more numbers of internet users than the whole MENA and Europe region combined, and has over 400 free-to-air channels, making it an ideal business destination in case you are planning to expand your company operations or set up a new business in the Middle East.
TwoFour54 free zone offers new media opportunities or business licenses to media and entertainment organizations in multiple segments like Animation, Film, Gaming, Mobile, Online, Production, Publishing, Television and many more. 300 million Arab audiences, advanced ecosystem, and unmatched infrastructure, training & production facilities of twofour54 make it the media and entertainment business incubator in the Middle East region.
As a result of multiple investor incentives in this media free zone, many regional and international content and media companies (small, mid-sized and big) have opted for business setup in twofour54 zone. These include prestigious names like Thomson Reuters Foundation, CNN, BBC, Abu Dhabi Media Company, The Financial Times, C Sky Pictures, Rotana, Flash, Image Nation, Enjaz and Pyramedia among others.
Advantages of Setting up Business in Twofour54
Business setup in Twofour54 Zone is dream come true for entrepreneurs, corporates or anyone associated with the media and entertainment industry due to the following reasons:
- Campus-style Environment that encourages establishment, strategic alliances and business networking of creative professionals and businesses by bringing the right people together at the right time, thereby facilitating business partnerships
- One-stop Shop to support the relocation & establishment of content organizations with 3 integrated business pillars offering latest training, project funding, and innovation support and streamlined licensing and business set up services
- Strategically Location in the heart of one of the fastest growing cities in the world
- Supportive and Tax-Free Environment, offering:
- 100% company ownership
- No tax on personal income or corporate gains
- 100% repatriation of capital and profits
- Exemption from import and export customs duties
- On-going support from the Abu Dhabi Government
- World-Class Regulatory Framework with transparent licensing and cost structure without any hidden costs
- World-class Technology and Investment Facilities with specialised training programs
- Excellent Business infrastructure, comprising:
- Fully serviced basic fit-out for companies with furniture and equipment
- A media hub with world-class infrastructure & facilities
- Customized office space solutions
- Media training academy
- High-tech facilities for communication
Types of Legal Entities in TwoFour54
An individual or a corporate entity can perform business activity in Abu Dhabi Media Zone in any of the following legal forms:
- Free Zone Limited Liability Company (FZ-LLC)
- Branch Office of a Foreign Company, where the applicant is a foreign national
- Branch Office of a UAE Company, where the applicant is a UAE national
- An individual or a Freelance License
Business Set Up Process in Twofour54 Free Zone
Business setup in twofour54 zone is bound by predetermined rules and regulations, and team at Commitbiz can help you sail through the entire process with ease. Our business development team takes time to understand your company incorporation plans and guides you on the business licensing and registration procedures, production facilities, office setup, accommodation, etc. Additionally, we apply for the business Licence on your behalf and avail all the licenses to get your company registered by the Media Zone Authority. Once that's done, your new company can start operating in twofour54 free zone.
Here's is the five-step-process you need to follow for company setup in twofour54
- Get In Touch With Us - If you are planning to start a business in the Middle East, Commitbiz can act as your first point of contact for company incorporation in Abu Dhabi
- Define Your Business - Commitbiz's business development team will understand your business setup requirements and make you aware of the business licensing procedures of the region. Additionally, we will assist you in incorporating your company as a branch office with the Media Zone Authority or help you join twofour54's content creation community
- Finalise Your Requirements - As soon as company registration and licensing is done, we will search for your office space among the following options:
- Fully serviced: Available immediately
- White label: Basic fit-out, with companies providing furniture and equipment
- Shell and Core: Requires full fit-out (our property managers will guide you on approvals, contractors, regulations, and timelines
- Company Registration and Business Licensing – Our team of legal advisors will take care that the documentation is submitted correctly and apply for a Business Licence or a Dissemination Licence while your company is being registered. Additionally, they will help you in opening the bank account in the UAE
- Move In and Get Started – We will get in touch with the twofour54 tawasol to ensure that you and your staff has everything (visas, medical cover, bank accounts, etc.) to get your business up and running
Licensing and Company Registration with twofour54
- Company and personal set-up services for your business and staff
- Customised office space solutions for your business needs
- World-class studio production and post-production facilities supported by technical staff. All available for hire for your production needs in the region
- Broadcast services - Play out Centre, Uplink and Downlink teleport services and digital asset management centre
- Vocational media training. Our Academy offers over 200 industry courses as well as tailored training solutions for your organisation
- Industry investment and business support for Arab entrepreneurs and fledgling media and entertainment content businesses from the region
Commitbiz for Company Incorporation in Twofour54 Free Zone
Commitbiz has been facilitating businesses of all sizes setup their operations in Twofour54 Free Zone, the unparalleled media and entertainment destination in the Abu Dhabi. We take care of your business setup from start to finish and provide a structure that works best for your company. We provide strategic inputs, work upon your business plan, handle documentation formalities, and ensure that you get perfect amenities for unhindered business growth.
Client centric procedures, vast industry experience, world-class infrastructure and operational transparency are the hallmarks of the business incorporation procedures at Commitbiz, that help us understand your requirements precisely and provide the best solution. Our specialized team ensures that company formation experience is completely hassle-free for our clients. Contact us for business setup in Twofour54 Free Zone, our team will be glad to assist you.