Business Setup in Abu Dhabi twofour54 Free Zone
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.
Suitable for Industries
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 / Advantages
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
Requirements for Business Registration in Abu Dhabi Twofour54
- Proof of tradename reservation (our firm’s task)
- Proof of initial approval for the activities (our firm’s task)
- Passport copies of the shareholders
- Passport copy and CV (resume) of the manager
- Personal information sheet of each shareholder and manager (template will be forwarded by our firm)
- Lease agreement (documents)—having a physical address for your business/office is mandatory in the UAE. The rent on average within the free zone area is USD 25 up to USD 45 per sq. ft. (USD 225 up to USD 400 per sq. m.). Our firm can assist you while searching for your physical address. You can learn more about leasing and rental cost here. (This item will be required only after we obtain the initial approval from the authority.)
- Notarized and attested Power of Attorney appointing our firm as your legal representative, so that we can act on your behalf and/or on behalf of the shareholders (template will be forwarded by our firm).
- There are some activities which might require third-party/authority pre-approval—accordingly, additional cost and professional fees might be applicable.
- Also during the process, the authorities might require a few other documents.
Additional Documents Required for a Corporate Shareholder
- Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin
- Board resolution must be resolute by the board of directors of your existing company/entity at the place of origin expressing the intent of establishing a new setup abroad. It must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).
- Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation must be attested and notarized by the UAE Embassy
The procedure of processing your business setup in Twofour54 Abu Dhabi will range from 2 to 4 weeks.
Our Services Covers
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.
As your business setup consultants in Abu Dhabi, we can provide the following services when you let us handle the setup for your big or small business in Abu Dhabi:
- Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
- Representing the client in front of the authorities
- Assisting the client in bank account opening
- Assisting the client in account opening with the Ministry of Labour
- Assisting the client in account opening with the UAE immigration
- Assisting the client in leasing a premise as an address for the business
Business Setup Cost in Abu Dhabi Twofour54
The below table shows the estimated cost of business setup in twofour54. If need be, you can contact us for further clarification and information.
|Business Setup||Amount in AED|
|For the 1st year||AED 15,000|
|For the following years||AED 12,500|
|Annual PO Box||1250 + VAT|
ATTENTION – NOTE