Starting a business can be confusing, especially when it involves overseas expansion. Abu Dhabi Airport Free Zone (ADAFZ) offers an attractive hub for businesses looking to establish a presence in the UAE with many advantages.
We’ll guide you through the benefits and steps involved in the Abu Dhabi airport free zone company setup. Keep reading to discover how simple company formation in Abu Dhabi Airport can be!
Key Takeaways
- No Custom Duties: Companies in ADAFZ save money on imports. They don’t pay custom duties.
- Fast Licensing and Registration: It takes 2-3 weeks to set up a company. Costs start at AED 16,605*.
- Various License Options: Choose from General Trading, Commercial, Industrial, or Service licenses. Fees range from AED 15,000* to AED 50,000*.
- Close Proximity to the Airport: The free zone is located around Abu Dhabi International Airport. This helps with quick cargo clearance and saves time on logistics.
- Full Foreign Ownership: Businesses can have full foreign ownership. No corporate taxes apply either.
Key Benefits of Business Setup in Abu Dhabi Airport Free Zone
Setting up a business in Abu Dhabi airport business city offers its customers full spectrum of free zone services. These include zero custom duties and easy access to the airport, saving time and money.
No Custom Duties
No customs duties are applicable in the Abu Dhabi Airport Free Zone (ADAFZ). Companies can import goods without extra charges within the free zone. This benefit helps reduce costs for everyday businesses, especially those that rely on imported materials. Close proximity to Abu Dhabi’s airport city enhances logistics operations and saves time.
Close Proximity to the Airport
Abu Dhabi Airport Free Zone Company Setup means your business is near Abu Dhabi International Airport. This ensures swift imports and exports with fast cargo clearance. The close location helps to fulfill immediate business requirements and save time and money on logistics.
ADAFZ includes three airports: Abu Dhabi International Airport, Al Ain International and Al Bateen Executive Airport. Business centers are set to benefit from quick access to these major hubs for air travel and transport services.
This strategic location supports efficient operations for companies involved in aircraft maintenance checks, warehousing units, and more. In addition to this, plots of land are available in the freezone for long-term lease, which allows to establish of purpose-built or built-to-suit facilities.
Easy, Quick Registration and Licensing Process of Company
Abu Dhabi Airport Free Zone (ADAFZ) makes registration and licensing simple. The process takes about fourteen working days. Standard company set up costs start at AED 16,605*.
Businesses benefit from a fast setup time of 2-3 weeks. This quick turnaround helps companies start their operations without delays. The free zone also offers airport services that ease logistics for setting up.
Types of Licenses Available in ADAFZ
Different licenses cater to varying business needs. Each type supports specific business activities permitted and offers a wide range of facilities.
General Trading License
A General Trading License in Abu Dhabi Airport Free Zone (ADAFZ) allows businesses to trade many goods. It covers a wide range of business activities. Companies can import and export products without custom duties.
The license fee ranges from AED 15,000* to AED 50,000*. The cost depends on the type of business activity. Located near the airport, this free zone offers quick access for logistics and suppliers. Companies also enjoy benefits like full foreign ownership and no corporate tax.
Commercial License
A Commercial License in Abu Dhabi Airport Free Zone (ADAFZ) lets businesses trade goods. The minimum share capital for corporate shareholders is AED 500,000*. Individual shareholders must have a minimum of AED 1,000,000*. This license covers activities like importing and exporting.
Businesses with a commercial license benefit from no custom duties. They also enjoy the airport’s close proximity. This speeds up shipping and logistics tasks. The process for registration and licensing is quick and easy.
Industrial License
An Industrial License in the Abu Dhabi Airport Free Zone (ADAFZ) allows companies to conduct manufacturing activities. It is perfect for light industries and production firms. The minimum capital requirement for this license is AED 5,000*.
ADAFZ offers several benefits to industrial firms. These include no custom duties on imports and exports and easy access to shipping channels through the airport’s logistics park. “Setting up in ADAFZ can streamline operations,” said an industry expert.
Service License
A Service License in the Abu Dhabi Airport Free Zone (ADAFZ) allows businesses to provide a wide range of services. These may include consulting, IT, marketing, and events planning. The license fees range from AED 15,000* to AED 50,000* depending on the type of service.
Businesses with this license benefit from no customs duties and easy access to the airport. This can be helpful for logistics parks and business centers that rely on quick transport options. To apply for a Service License, companies must provide passport copies and other required documents during the registration process.
Step-by-Step Guide for Abu Dhabi Airport Free Zone Company Formation
Start with getting initial approval from the authorities. Then, proceed with company registration and obtain your business license. Here are the key steps involved in the Abu Dhabi Airport Free Zone company setup:
Initial Approval of Business in Abu Dhabi Airport
The first step involved in the Abu Dhabi Airport Free Zone Company Setup is to get initial approval from the Abu Dhabi Airport Free Zone (ADAFZ). Submit your business plan and passport copies. Check if you meet the share capital requirements: AED 50,000* for FZC-LLC setup and AED 0* for branch offices. Pay a small fee to start this initial process of company formation in Abu Dhabi.
Next, ADAFZ reviews your documents. Approval usually takes a few days. It ensures all legal aspects are clear before moving forward with the registration of the Abu Dhabi free zone company. This step is crucial for setting up any free zone business in the United Arab Emirates.
Note – fees are subject to change and are at discretion of authorities. The above fees are for illustrative purposes only.
Company Registration in Abu Dhabi Airport
Company registration in the Abu Dhabi Airport Free Zone costs AED 7,500*. Companies registered need key documents like a business plan and passport copies of shareholders and directors. Also, submit the Memorandum of Association (MoA) and a Board Resolution.
The estimated setup time is about 3-4 weeks for getting a trade license. It might take an extra 7-10 working days for your immigration card and visa. ADAFZ makes this process simple by reducing paperwork and speeding up approval times. Setting up in ADAFZ brings efficiency to your business. Businesses set up in free zones offer great opportunities without custom duties.
Licensing and Visa Process
Once you register your company, you need to get a license from ADAFZ. License fees range from AED 15,000* to AED 50,000* depending on the type. You can choose between General Trading, Commercial, Industrial, or Service licenses.
Getting work permits involves several steps. First, obtain the address of registered company offices available at Abu Dhabi. Next, complete both labor and immigration processes. This includes medical tests and setting up Emirates ID appointments for employees. Fees apply at each stage of this process.
Conclusion
Setting up a company in the Abu Dhabi Airport Free Zone (ADAFZ) is smart. You get many perks like no taxes and full foreign ownership. Plus, it’s close to the airport for easy travel. Fast registration and many license types make it even better. Start your business journey with ADAFZ today!
FAQs
1. What types of companies can be set up in the Abu Dhabi Airport Free Zone?
Abu Dhabi Airport Business City, a subsidiary of Abu Dhabi Airports, enables company incorporation within its Free Zone, allowing for setups such as limited liability companies (LLCs).
2. What are some benefits of the Abu Dhabi Airport Free Zone Company setup?
The free zone offers access to world-class business parks, advanced infrastructure, privacy for mncs, and proximity to key areas like Masdar City and Kizad.All these world-class facilities come with a full range of essential ancillary amenities to help the investors meet their everyday business requirements.
3. Do I need specific documents to establish my company here?
Yes, you will need notarized passports, articles of association, and a memorandum and articles of association for your set up in Abu Dhabi.
4. How does this free zone compare with other zones like DIFC or DMCC?
Abu Dhabi Airport Free Zone provides unique advantages such as direct access to telecom services and marketing opportunities not found in DIFC or DMCC.
5. Are there any special sectors supported by the Abu Dhabi Airport Free Zone?
Yes! The zone supports diverse sectors including broadcast media, securities trading under regulations from the Central Bank of the United Arab Emirates.
