Set up a company in a Free Zone in Abu Dhabi
Abu Dhabi is the capital of the UAE and largest amongst the seven emirates in the UAE. The emirate is the seat of the Government of United Arab Emirates and is the location of several federal government offices.
Abu Dhabi is the industrial and cultural center of the UAE. It is one of the largest producers of oil in the world. Many important financial institutions such as the Abu Dhabi Securities Exchange and the Central Bank of the United Arab Emirates are headquartered here.
The emirate has recently started diversifying its revenue base and counts on industrial and tourism activities as the main sectors of future growth. Many high-profile events, such as the Formula 1 race at Yas Island, and bespoke projects in progress, such as the Louvre Abu Dhabi and Guggenheim Museum have brought Abu Dhabi into the limelight.
Abu Dhabi Department of Economic Development (ADDED) is mandated for achieving economic development in the emirate, and regulating economic and commercial affairs for the country. ADDED is the authority responsible for issuing and regulating licensing activities for LLC companies in Abu Dhabi.
Setting up a free zone company in Abu Dhabi is a great option for people looking to run a profitable business in the capital of the UAE.
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Advantages of a Free Zone Company in Abu Dhabi
Abu Dhabi has been successful in terms of economic growth, and in diversifying away from oil. Its free zones like twofour54 have risen to prominence by taking an active part in filmmaking activities in Hollywood. The Abu Dhabi Global Market (ADGM) has grown to be a financial centre of repute, and has started contributing to the economy of Abu Dhabi. To capitalize on this, many international clients are looking to form a free zone company in Abu Dhabi
Favourable Investment Climate
This is another reason many international clients are looking to form a free zone company in Abu Dhabi. Abu Dhabi’s Department of Economic Development (ADDED) has been instrumental in driving Abu Dhabi’s economic agenda. Their initiatives in making doing business in Abu Dhabi easier, and strong Government support, have resulted in Abu Dhabi being attractive to both local and international investors.
Free Zone network
A free zone company in Abu Dhabi can be setup in specialised Free Zones based on requirement like Masdar (for sustainability), twofour54 (for media) and ADGM (for financial) that attract investors from all over the world. These are organized into clusters and provide one-window clearance for business that setup and operate. Investors have 100% ownership of their assets, along with no restrictions on repatriation of profit and capital.
Forming a free zone company in Abu Dhabi incurs no personal or corporate income taxes. This enables companies in Abu Dhabi to deploy their capital and earnings to expand their businesses, and attract good talent from all parts of the world.
Abu Dhabi is located between Asia, Europe and Africa, a gateway to over 2 billion people. Setting up a free zone company in Abu Dhabi allows you to benefit from being strategically located.
A free zone company in Abu Dhabi will allow access to the business from an excellent network of roads and highways and exceptional ports and airport facilities.
Access to a pool of Human Resources
A free zone company in Abu Dhabi has access to a multicultural pool of talent from across the world. The local Emirati population is highly educated and seeks more active participation in the private sector.
The UAE has had a politically stable climate since inception and forming a free zone company in Abu Dhabi is preferred precisely for this reason. Abu Dhabi is known as one of the most tolerant, prosperous, secure and safe societies in the world and is ranked as the top Middle Eastern city in Mercer’s Quality of Life Index.
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Want to form a company in the Dubai Mainland?
Dubai offers multiple options for setting up your company. Over 2,000 business activities in a wide range of sectors are available at the Dubai Department of Economic Development (DED), which is the licensing authority for Dubai mainland companies. Of late, the DED has implemented various initiatives to help startups and entrepreneurs set up a company in Dubai at low costs. This includes instant general trading licenses, sustainability licenses on desk spaces (in lieu of a full office) and e-commerce licenses for social media businesses.
Forming a company in the UAE can be a daunting task, due to the multiple options available. Do you start a company in the Dubai mainland, or do you setup a free zone company? What are the laws and regulations governing your company? Answer these questions, and many more, through our Doing Business Guides that you can download for free!
We write on all aspects of doing business in the UAE. Read our blogs to understand more about company formation, advantages of various free zones,
typical issues that you may face when setting up a company in the UAE, or operating in the region, and much much more.