Business setup in Abu Dhabi Freezone is the federal capital of the United Arab Emirates and there are many free zones in Abu Dhabi, occupying more than 80% of the country’s total land. There are several free zones in the United Arab Emirates, which offer a favorable environment for Business setup in Abu Dhabi Freezone and provide a gateway for foreign investors to tap its full potential.
Abu Dhabi free zones are a part of the Emirate’s economy to boost the local economy and promote foreign investment. Business setup in Abu Dhabi Freezone comprises primarily media and small companies, logistics companies, and medium & heavy industries. There are many facilities that shareholders receive by setting up a company in Abu Dhabi free zones, which is the key driving force behind company formation in Abu Dhabi...
Most of the United Arab Emirates have set up free zones to boost the economy in the region, promote foreign investment, and drive growth. United Arab Emirates Free Zone Authority is the government body that registers business licenses to non-resident companies in the United Arab Emirates free zone. There are 8 free zones in Abu Dhabi:Dhabi:
Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Ports Company Free Zone (ADPC)
Industrial City of Abu Dhabi
Masdar City Free Zone
Abu Dhabi Global Markets Free Zone (ADGMFZ)
Khalifa Industrial Zone Abu Dhabi (KIZAD)
Higher Corporation for Specialized Economic Zones (ZonesCorp)
Here are the key steps to set up a business in a free zone.
Determine the type of legal entity.
Choose a trading name.
Apply for a business license.
Choose an office space.
Get pre-approvals, register your business and get your license.
Free zones are established as independent jurisdictions that act as a single-window administration and allow an expatriate entrepreneur to wholly own a company (100% shares), without partnering with a UAE national. Abu Dhabi Free Zone Authority is the independent government body that issues free zone operating licenses, handles the registration of non-resident companies, and provides assistance to companies in establishing their business.
Free trade zones offer a variety of incentives for investors Business setup in Abu Dhabi free zones. In any free trade zone, one's can startup our business with flexible-facility as well. The price will vary with different free zones. Apart from these, there are many more advantages of starting a business in Abu Dhabi free zones:
100% foreign ownership
Full repatriation of profits and capital
Exemption from taxes on personal or corporate income
Exemption from import and export customs duty for goods and services
Pre-built advanced infrastructure
Business cluster environment where companies falling under similar industries share a work campus. This encourages friendly interaction and effective collaboration
A business-friendly environment with the simplified company incorporation process
Business-friendly legal framework and company laws
Fast immigration process and quick access to skilled professionals
A one-window operation for a wide range of government services like visa formalities, traffic, residential permits, licensing, and postal services
Company Application Form
Passport copies of the shareholders
Passport size photographs with white background
2-3 suggested names for the new company
Specifications of the business activity
2 x Proofs of Address (dated within 3 months)
Bank or Professional Reference Letter