The Free Zone

 

 

 

 

 

 

 

Establishing Business within Free Zone

In each free zone, an independent Free Zone Authority (FZA) is responsible for issuing free zone operating licences and assisting companies to establish their business.

Investors can register their ventures as Free Zone Establishments (FZE) or Free Zone Companies (FZC), or branches or representative offices of the existing or the parent company based in the UAE or abroad. Free Zone establishments and companies are considered Limited Liability Companies, and are subject to the relevant laws and regulations of the free zone where it is established.

Advantages of Free Zones

Free Zones provides a multitude of incentives, such as 100% foreign ownership of companies eliminating the need for a local partner, low-cost operational environment, full repatriation of capital and profits and exemption from import, export, corporate and personal taxes. Additional support is provided through the One-Stop-Shop service to help companies expedite the process of obtaining necessary permits, licences, approvals and clearances from the relevant authorities and find skilled manpower and suitable accommodation.

Bringing in Merchandises to Free Zones

Foreign merchandise of different types or origin is allowed into UAE free zones and duty-free and is also allowed to exist abroad or into other free zones and duty-free without being subject to customs duties or taxes. Foreign merchandise re-exported from the UAE is allowed access to the free zones and duty free abroad provided that they comply with the export restrictions and customs procedures applicable to re-exports.

Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015.

Established by UAE Federal Decree as a broad-based financial centre, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance.

ADGM serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Based in Abu Dhabi, home to one of the world’s largest sovereign wealth funds and one of the highest concentrations of high-net-worth-individuals in the world, ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation.

Comprising three independent authorities: the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, it enables registered financial institutions, companies and entities to thrive and operate within an international regulatory framework based on Common Law.

Since its inception, ADGM has been awarded the "Financial Centre of the Year (MENA)" for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.

As part of its mandate, ADGM oversees and governs the Al Maryah Island, a designated financial free zone covering 114-hectares of financial and commercial services including residential, retail, leisure, hotel and office developments.

For more information, kindly visit the website of ADGM

Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi (Kizad), located in Al Taweela area between Abu Dhabi and Dubai, is a vital project within Abu Dhabi Economic Vision 2030.

It offers a world class transportation infrastructure including sea, air, roads and rail networks and easy access to local, regional and international markets with more than 2 billion consumers.

In addition, 100% foreign ownership will be allowed in certain strategic economic sectors.

Kizad has launched a One-Stop-Shop service aimed at helping businesses speed up the process of obtaining the necessary permits, licences, approvals and clearances from the government bodies and licensing authorities.

For more information, kindly visit Khalifa Industrial Zone Abu Dhabi (Kizad)

Establishing a business venture in one of the free zones in Abu Dhabi is an attractive option for foreign investors looking to tap into the huge potentials and excellent business environment offered by the Emirate.

These free zones are set up as part of the Emirate’s ambitious economic diversification pursuit, and intended for spurring further foreign investment in the local economy.

The free zones in Abu Dhabi mainly work in areas including logistics, media and light, medium and heavy industries.

Establishing Business within Free Zone 

In each free zone, an independent Free Zone Authority (FZA) is responsible for issuing free zone operating licences and assisting companies to establish their business.

Investors can register their ventures as Free Zone Establishments (FZE) or Free Zone Companies (FZC), or branches or representative offices of the existing or the parent company based in the UAE or abroad. Free Zone establishments and companies are considered Limited Liability Companies, and are subject to the relevant laws and regulations of the free zone where it is established.

Advantages of Free Zones

Free Zones provides a multitude of incentives, such as 100% foreign ownership of companies eliminating the need for a local partner, low-cost operational environment, full repatriation of capital and profits and exemption from import, export, corporate and personal taxes. Additional support is provided through the One-Stop-Shop service to help companies expedite the process of obtaining necessary permits, licences, approvals and clearances from the relevant authorities and find skilled manpower and suitable accommodation.

Bringing in Merchandises to Free Zones

Foreign merchandise of different types or origin is allowed into UAE free zones and duty-free and is also allowed to exist abroad or into other free zones and duty-free without being subject to customs duties or taxes. Foreign merchandise re-exported from the UAE is allowed access to the free zones and duty free abroad provided that they comply with the export restrictions and customs procedures applicable to re-exports. 

Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015.

Established by UAE Federal Decree as a broad-based financial centre, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance.

ADGM serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Based in Abu Dhabi, home to one of the world’s largest sovereign wealth funds and one of the highest concentrations of high-net-worth-individuals in the world, ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation.

Comprising three independent authorities: the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, it enables registered financial institutions, companies and entities to thrive and operate within an international regulatory framework based on Common Law.

Since its inception, ADGM has been awarded the "Financial Centre of the Year (MENA)" for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.

As part of its mandate, ADGM oversees and governs the Al Maryah Island, a designated financial free zone covering 114-hectares of financial and commercial services including residential, retail, leisure, hotel and office developments.

For more information, kindly visit the website of ADGM

Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi (Kizad), located in Al Taweela area between Abu Dhabi and Dubai, is a vital project within Abu Dhabi Economic Vision 2030.

It offers a world class transportation infrastructure including sea, air, roads and rail networks and easy access to local, regional and international markets with more than 2 billion consumers.

In addition, 100% foreign ownership will be allowed in certain strategic economic sectors.

Kizad has launched a One-Stop-Shop service aimed at helping businesses speed up the process of obtaining the necessary permits, licences, approvals and clearances from the government bodies and licensing authorities.

For more information, kindly visit Khalifa Industrial Zone Abu Dhabi (Kizad) 

Masdar City Free Zone

Masdar City, the flagship project of Abu Dhabi Future Energy Company (Masdar), operates as a special economic zone with a focus on clean technology and renewable energy.

As a test-bed for renewable energy, companies established in Masdar City Free Zone can pilot, demonstrate, refine, develop and commercialise their technologies.

The free zone offers several advantages for establishing clean energy start-ups including one stop shop service which facilitates easy registration, licensing and recruitment procedures. Companies are also offered benefits of free zones including 100% foreign ownership, full repatriation of capital and profits and exemption from import, export, corporate and personal taxes.

For more information, kindly visit Masdar City Free Zone

Abu Dhabi Airport Free Zone

The Abu Dhabi Airport Free Zone is a comprehensive business park being developed by Skycity, a subsidiary of Abu Dhabi Airports Company (ADAC), in the vicinity of Abu Dhabi International Airport. The free zone offers facilities and infrastructure such as commercial offices, plots of land for development, warehousing units and logistic services, and mainly targets aviation, aerospace, airport services, logistics, cargo and freight sectors.

It offers numerous benefits for investors such as tax exemptions, 100% foreign company ownership, world-class infrastructure and multiple facilities.

For more information, kindly visit Abu Dhabi Airport Free Zone

Twofour54

Twofour54 was set up as a media free zone in Abu Dhabi pursuant to the Law No. (12) of 2007 establishing the Media Zone Authority (MZA) to position the Emirate as a leading player in Arabic media content creation industry.

Twofour54 is responsible for developing and implementing the regulations, policies and strategies for the operation of the free zone.

The media free zone also provides attractive financial benefits for companies and allows 100% foreign ownership within an effective and clear regulatory framework.

Prominent names in the international media arena including BBC, CNN, Thomson Reuters Foundation, and Financial Times have operations in twofour54.

For more information, kindly visit Media Zone Authority (twofour54)

Establishing a Company in Media Free Zone

The Regulatory Affairs Department at twofour54 oversees the establishment, registration and licensing of companies within the free zone. 

There are 3 ways to set up a company in the free zone. An investor can set up a company as a Free Zone Limited Liability Company (FZLLC), or establish a branch of an existing company or licence as a Freelancer.