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Establishment of a company in the Abu Dhabi Airports Free Zone

Establishment of a company in the Abu Dhabi Airports Free Zone

١٠ فبراير Establishment of a company in the Abu Dhabi Airports Free Zone

Establishing a company in the Abu Dhabi Airports Free Zone represents an important strategic step for investors seeking to capitalize on the opportunities available in one of the fastest growing markets in the region. The Abu Dhabi Airports Free Zone, which includes a group of free zones distributed around the airports of the UAE capital, provides a distinctive investment environment that combines advanced infrastructure and a strategic location that links the East and the West.

Abu Dhabi Airports Free Zone is an ideal destination for international and local companies looking to establish an integrated operating base in the Middle East, thanks to its unique location near Abu Dhabi International Airport, one of the most efficient and logistical airports in the region. The free zone also offers many advantages such as 100% foreign ownership, tax exemptions, and fast and flexible set-up procedures, making it an attractive option for companies of all sizes and sectors.

Establishing a company in the Abu Dhabi Airports Free Zone provides investors with access to global markets thanks to the extensive network of flights and advanced logistics infrastructure. The zone also allows companies to benefit from a range of support services that include administrative support, legal services, and visas, which contribute to facilitating the process of establishing and operating companies.

Setting up a company in this free zone means joining a dynamic business community with diverse sectors and activities, including companies operating in areas such as trade, logistics, technology, energy, and more. The zone also provides a supportive regulatory environment that seeks to promote innovation and economic growth, making it an ideal environment for companies looking to expand and develop in the Middle East and North Africa region.

In this article, we will discuss in detail the steps and procedures required to establish a company in the Abu Dhabi Airports Free Zone, in addition to reviewing the advantages and benefits that this free zone offers to investors and businessmen.

 

Establishment of a company in the Abu Dhabi Airports Free Zone
Establishment of a company in the Abu Dhabi Airports Free Zone

How to establish a company in Abu Dhabi Airports Free Zone

Establishing a company in a free zone such as the Abu Dhabi Airports Free Zone requires following certain procedures. Here are the general steps that can be followed to establish a company in this free zone:

  1. Exploratory Study: Conduct an exploratory study to understand the requirements for company formation in Abu Dhabi Airports Free Zone and the benefits available.
  2. Choose the type of company: Decide what type of company you want to set up, such as a limited company, partnership, or sole proprietorship.
  3. Select Business Activity: Select the business activity and ensure that it is permitted in the Abu Dhabi Airports Free Zone.
  4. Determine the trade name: Choose a trade name for the company and make sure it complies with local laws and regulations.
  5. Identify shareholders and capital: Identify the shareholders of the company and the capital required to establish the company.
  6. Submit an application for incorporation: Submit an application to establish the company in the Abu Dhabi Airports Free Zone and fill out the required forms.
  7. Obtain licenses and approvals: Obtain the necessary licenses and approvals from the relevant authorities and local authorities.
  8. Open a bank account: Open a bank account in the name of the company and deposit the required capital.
  9. Residence and Work Visas: Apply for residence and work visas for foreign employees if required.
  10. Tax registration of the company: Register the company for tax and comply with all tax obligations.
  11. Starting Business: After completing the previous steps, you can start your business in the Abu Dhabi Airports Free Zone.

Documents required to establish a company in the Abu Dhabi Airports Free Zone

Establishing a company in the Abu Dhabi Airports Free Zone requires submitting a set of papers and documents to ensure compliance with legal and regulatory requirements. Here is a list of the documents usually required to establish a company in this free zone:

  1. Establishment application form: Fill out the establishment application form available on the free zone website or through its offices.
  2. Copies of Passports: Submit valid copies of passports of all partners, shareholders and directors of the company.
  3. Personal Photograph: Provide a recent passport size photograph of all shareholders and directors.
  4. Articles of Association and Memorandum of Association: Prepare and submit the company’s articles of association and memorandum of association, which outline the company’s structure and business activity.
  5. Trade Name Identification Certificate: Submit a Trade Name Identification Certificate, which proves that the company’s trade name has been reserved.
  6. Business Plan: Provide a detailed business plan that outlines the company’s objectives, type of activity, and financial and operational plans.
  7. Lease Contract: Submit a lease contract for the office or warehouse location within the free zone, from which the company will be operated.
  8. No Objection Letter: If one of the partners or managers is working in the UAE, it may be necessary to submit a No Objection Letter from the current sponsor.
  9. Administrative decision: Submitting an administrative decision from the parent company (in case of subsidiaries) stating the intention to establish a branch in the free zone.
  10. Certificate of Good Conduct: A certificate of good conduct may be requested by the security authorities in some cases.
  11. Proof of Address: Provide proof of current address for partners and shareholders, such as a utility bill or bank statement.
  12. Power of Attorney: If a legal representative is appointed, a power of attorney must be provided specifying his powers.
  13. Shareholder Details: A list of the names, nationalities and contact details of all shareholders.
  14. Capital Details: Submit a statement showing the capital contributed by the partners.

Advantages of Abu Dhabi Airports Free Zone

Abu Dhabi Airports Free Zone offers a range of benefits that make it an ideal destination for investors and businesses. Here are some of the most important of these benefits:

  • Strategic location: The free zone is located near Abu Dhabi International Airport, allowing companies easy access to global markets, and enhancing the efficiency of export and import operations.
  • Full Foreign Ownership: The free zone allows foreign investors to own companies 100% without the need for a local partner, providing greater flexibility in running the business.
  • Tax Exemptions: Companies in the free zone enjoy full tax exemptions on income and profits for up to 50 years, in addition to exemptions from customs duties on goods and merchandise.
  • Free transfer of profits and capital: Companies can transfer profits and capital without any restrictions, ensuring complete freedom in managing financial resources.
  • Advanced Infrastructure: The free zone provides modern infrastructure and integrated facilities including warehouses, offices, and fully equipped industrial spaces, which contribute to enhancing the efficiency of business operations.
  • Integrated Logistics Services: The zone offers integrated logistics services including warehousing, distribution, and shipping, making it easier for companies to manage supply chains efficiently.
  • Simplified establishment procedures: The free zone offers quick and simple procedures for establishing companies, with continuous support from the zone’s management to facilitate the process for investors.
  • Ease of obtaining visas: The free zone provides facilities in obtaining work and residence visas for investors and employees, which facilitates the recruitment of talent and the management of operations.
  • Supportive Business Environment: The free zone has flexible and supportive regulatory policies that help businesses grow and thrive in a competitive and dynamic environment.
  • Multiple business advantages: In addition to tax and customs exemptions, the free zone provides investors with opportunities to obtain government contracts and expand businesses easily within and outside the UAE.

In conclusion, establishing a company in the Abu Dhabi Airports Free Zone is a strategic and smart move for investors looking to benefit from the unique location and tremendous potential that this area offers. With its prime location near Abu Dhabi International Airport and strategic connectivity to global markets, the Airports Free Zone is an ideal choice for companies operating in the trade, logistics and diversified industries sectors.

The Abu Dhabi Airports Free Zone offers many advantages that make it attractive to investors, including 100% foreign ownership of companies, comprehensive tax exemptions, and no restrictions on capital transfers. In addition, the zone provides advanced infrastructure and integrated logistics support services, allowing companies to operate with high efficiency and flexibility.

Establishing a company in this free zone requires adherence to a series of procedures that begin with determining the type of company and business activity, and submitting the required documents such as passports, business plan, and office lease contract. New companies can also benefit from ongoing support from the free zone management that provides guidance on all steps of establishment and operation.

The most important frequently asked questions about establishing a company in Abu Dhabi Airports

What types of companies can be established in Abu Dhabi Airports Free Zone?

Several types of companies can be established, including limited liability companies (LLCs), domestic and international branches of companies, and sole proprietorships.

Can foreigners fully own companies in the free zone?

Yes, Abu Dhabi Airports Free Zone allows 100% foreign ownership of companies without the need for a local partner.

What are the basic steps to establish a company in the free zone?

The basic steps include: choosing the type of company and business activity, preparing the required documents such as passports and business plan, submitting the incorporation application, and obtaining the necessary approvals from the free zone administration.

How long does it take to set up a company in the free zone?

The incorporation process typically takes two to four weeks, but time can vary depending on the type of business and additional requirements.