Abu Dhabi airport free zone
Company set up in Abu Dhabi airport free zone
Largest Emirate in UAE
Abu Dhabi being the capital and also the largest emirate of the UAE, attracts a large number of investors for many reasons. Also being the capital of UAE also has the advantage of proximity and hence attracts higher investments, especially in Oil & Energy industry apart from other industries. Also with EXPO 2020 around the corner, there will be huge business potential for new investors across various sectors like – Tourism, Construction, hospitality etc.,
Abu Dhabi Airport Free Zone
Abu Dhabi Airport Free Zone is promoted by Sky City which is a subsidiary of Abu Dhabi Airports Company. Abu Dhabi Airport Free Zone is located near Abu Dhabi Airport. Abu Dhabi Airport free zone offers fully furnished offices apart from flexi desk space.
Legal Structure
Below are Legal entities which are allowed in Abu Dhabi Airport Free Zone:
Branch of a Foreign of Local Company
Free Zone Limited Liability Company (FZ-LLC) –Individual
Free Zone Limited Liability Company (FZ-LLC) – Corporate
Activities:
Activities for Abu Dhabi Airport free zone falls under 4 segments. They are
- Aviation
- Trading
- Industrial
- Service
Below are the activities details which can be offered under Abu Dhabi Airport Free zone:-
- Aviation
- Logistics
- Freight
- Real Estate
- IT & Telecommunication
- Consultancy
- Events Marketing
- Defence sector
- Light Industries
Advantages
Below are few advantages which are enjoyed by the company who establish in Abu Dhabi Airport free zone:
Proximity to the airport – Since it is located close to the airport it facilitates imports and exports
Independent regulations – They have autonomous authority which is independent to take their decisions
Authority have own in house IT, Telecommunications industry
The registration process is normal and simple
100% ownership
Office Space:-
ADAC provides below office facilities:-
Warehousing units
Commercial offices
Flexi desk offices
Furnished offices with Executive options
Partially fitted-out offices
Plots of land for development
Documents required:
Below is the list of documents required to start the process:
a)Passport copy
b)Visa page copy/ Visit visa page copy
c)Signed Application
Time frame for set up
The estimated time required to complete the registration process is 14-20 working days
Process
Below are the stages for license process
a)Initial approval – Stage 1
Here complete application form signed is submitted along with business plan. Also copy of color passport size photo copies of shareholders is required
In case applicant is individual then reference from bank of individual shareholder, in case the applicant is corporate then 2 years of audited financial reports need to submitted.
b)Registration – Stage 2
In the second stage payment of registration fee needs to be paid. In case of service license it will be AED 5,000 for trading license it will be AED 7,500, AED 15,000 it will be manufacturing license. Board resolution appointing manager needs to be submitted, POA needs to be submitted appointing manager.
c)Licensing & Visa Process – Stage 3
In this process Lease agreement will be signed and the visa process will be started immediately.
Role of Flying colour Business Set up Services
Flying colour Business Set up Services will assist the client in understanding the business requirements and accordingly providing optimal solution. We will assist in company formation ( Licensing, Visa assistance of investors and employees), VAT registration along with Accounting and book Keeping services.
This blog post is written by Mr. Ashwin. Feel free to call our Business Adviser today for a quality consultation relating your queries. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.
