Business Setup in Abu Dhabi twofour54 Free Zone
Company Formation in Abu Dhabi Twofour54
Twofour54 is located in the UAE capital Abu Dhabi. It attracts businessmen and investors with its benefits that range from 100% ownership, easy setup, to stable environment.
Home of the Biggest Names
The aforementioned details above are simply just some of the reasons why this location is full of big names in the media industry. Big companies have this their home as it continues to help the world of media industry to thrive. Twofour54 does not fail in delivering.
The Mystery Behind the Name
Many wonders where their name was coined from. It was merely from the geographical co-ordinates of Abu Dhabi (24° North, 54° East). From a simple beginning of a name, it is now a well-known media zone in the UAE.
Types of Business Setup in Abu Dhabi twofour54 free zone
There are four business setup options that are available for businessmen in twofour54:
- Free Zone Limited Liability Company (FZ-LLC)—This is a legal entity wherein individual and/or corporate shareholders can both be shareholders in a company.
- Branch—This can be either a local branch or an international one that wants to expand in twofour54.
- Freelancers (for individuals only)—This kind of license is for individuals who are interested to operate as a freelancer in twofour54.
- Startups—This kind of business setup is intended for those companies that are focused on of digital content creation and A/V content production for TV, web, and cinema.
Business Setup Consultants in twofour54
Dealing with the preparation of papers and obtaining the needed approvals when required are both not an easy job. This is why business setup consultants in twofour54 are available to help you in order for you to simply provide the general papers that you have and let them take care of the rest. You will only need to wait for the needed documentation for you to start operating.
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Following industries you can setup in Twofour54
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
Benefits of Business Setup in Twofour54
Startups and other entrepreneurs who are looking for a media free zone can put twofour54 in their list of choices. This is a place that any content creator can feel welcome in.
Fast setup: A quick and easy business setup in twofour54 can be expected because this authority is connected with the government other kinds of services that allow them to process visas quickly.
No minimum share capital: For startups that are looking to budget everything as they begin, they can do so as there is no minimum share capital required in a business setup in twofour54.
Location: TwoFour54 is near to logistics means. It is close to international airports, ports, and even just 50 minutes away from Dubai.
Other benefits and more that can be obtained in setting up a business in twofour54 are listed below:
- 100% company ownership in a stable environment with no restrictions on capital movements
- 0% import tariffs
- 100% exemption from personal income tax
- 100% exemption from corporate taxes
- Access to Abu Dhabi Film Commission’s 30% cash rebate on production spend
- No security deposit per employee visa required
- Strong IP protection framework
- Hassle free company registration, laws and legal framework
- On-site vocational media training academy offering media related courses as well as tailored training solutions for your organization
- World-class studio production and post-production facilities supported by technical staff, all available for hire during your productions
- Status of free zone with ability to bid, contract and receive payments directly with UAE government entities
Business Setup Requirements & Procedure
Basic requirements to be furnished to free zone authority for Business Registration in Abu Dhabi Twofour54
- Certificate of trade name reservation
- Initial Approval from Media Zone Authority
- Passports of shareholders (copies)
- Resume/CV and copy of passport of general manager
- Office leasing contract
- Completed personal information sheet (details must be filled by all shareholders and the company manager)
- Attested and notarized Power of Attorney for legal representative appointment
For Free Zone Limited Liability Companies and Representative Offices, addt’l requirements include:
- Legal corporate documents, including Memorandum of Association
- If applicable, certificate of registration (for parent company of a representative office)
- Board resolution stating intent of business setup in Twofour54
The procedure of processing your business setup in Twofour54 Abu Dhabi will range from 2 to 4 weeks.
Support Services Offered in Abu Dhabi Twofour54
FAR Consulting Middle East is one of the leading consulting companies in Abu Dhabi that deals with company formation Abu Dhabi and other things that a firm may need. We assist people who have questions about how to start a business in Abu Dhabi and anything that they are keen to know.
Our Abu Dhabi Twofour54 company formation service includes:
- Application for issuance of business registration certificate
- Account opening from Ministry of Labor
- UAE Immigration account opening
- Assistance in leasing a business facility to acquire a business address
- Business setup requirements processing
Business Setup Cost in Abu Dhabi Twofour54
Abu Dhabi TwoFour54 offers flexible facilities and allows company formation for various business activities. Business consultants in Farahat & Co are qualified and professional to help in the process of setting up a business in Abu Dhabi TwoFour54. The fee table below represents the cost of business setup in Abu Dhabi twofour54 free zone. Please do contact us for a more detailed information on cost of setting up business in Abu Dhabi twofour54.
Cost for Business setup in TwoFour54 Free Zone Costs
Business Registration and Licensing Cost Fees Application Fee AED 525.00 Registration Fee for LLC Free Registration Fee for Branch Free Cost by Trade Licence Type (Select one of the following) Business License Fee Free Sole Proprietor License (freelancer) Free Dissemination Licenses (Starting from) AED 5,000.00 Setting up a branch office, Dissemination Licenses (Starting from) AED 5,000.00 Setting up a Branch of a Foreign Company, Dissemination Licenses (Starting from) AED 5,000.00 Fee for Any Additional Activity (if applicable) AED 1,000.00 Additional Fees for Business Registration Establishment Card AED 755.00 E-Channel Registration AED 2,080.00 E-Channel Refundable Deposit AED 5,000.00 Visa Processing Cost Bank Guarantee / Employee Visa deposit AED 2,500.00 Employment / Residence Visa (Select one of the following) Employment / Residence Visa – In Country AED 4,140.00 Employment / Residence Visa – Out of the Country AED 4,140.00 Postal Services Cost Normal Process AED 1,312.50