The Abu Dhabi Business Center was organized in March 2006 with the end goal of bringing about major changes and betterment in the Emirates Aviation Centre. Abu Dhabi Airport Free Zone – (ADAFZ) is a comprehensive business park being developed by Skirty, a subsidiary of Abu Dhabi Airports Company (ADAC), on an area of over 12 square km. near Abu Dhabi International Airport. Abu Dhabi Airport Free Zone will accelerate Abu Dhabi’s economic diversification by offering numerous benefits for investors.
Abu Dhabi International Airport covering five commercial districts:
– Logistics Park
– Business Park
– Destination Village
– Al Falah District
– Airport City.
Benefits :
- 100% income and tax exemption
- 100% foreign ownership
- No duty on customs
- Present in closeness to the Abu Dhabi Airport which enables easy import and export routes
- 100% repatriation of profits and capital
- Access to world-class facilities (like any other free zone) and 24/7 security services
- Easy access to the regional market
- Independent regulations
- In-house Telecommunication and IT services
Legal Entities in ADAFZ :
Amongst the following entities, a business in ADAFZ can be established in any one:
- Free Zone Limited Liability Company (FZ-LLZ)
- Free Zone Limited Liability Company (FZ-LLC)
- Branch of a local or foreign company
Business Activities In ADAFZ :
The aim of welcoming foreign investors in ADAFZ and form related companies if to make it a favorable and desirable location for international and successful company setups. Following organizations can be established in ADAFZ :
✓ IT and Telecommunication
✓ Aviation
✓ Pharmaceuticals
✓ Trading
✓ Consultancy Management
✓ Light Industries
✓ Aerospace
✓ Airport Services
✓ Marketing and Event Management
✓ Defense
✓ Cargo & Freight
✓ Logistics
Types of Licenses :
There are 3 types of license provided by ADAFZ, they are as follows :
- Trading License
Allows the license holder to export, import, distribute and store according to the rules and regulations of ADAFZ.
- Service License
A service license permits license holders to carry out activities specified in the obtained inside the free zone. The type of services must be similar to the license obtained by the parent’s company.
- Industrial License
An industrial license holder is allowed to import certain product’s raw materials and export the end products to other countries
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com