Abu Dhabi, the capital city of the United Arab Emirates, has been attracting businesses from around the world due to its strategic location, robust economy, and business-friendly environment. One of the key drivers of its economic growth is the establishment of free zones, such as the Khalifa Industrial Zone Abu Dhabi (KIZAD). This blog post will explore the advantages of setting up a company in KIZAD and shed light on the associated licence costs.
KIZAD enjoys a prime location adjacent to Khalifa Port, one of the largest deep-water ports in the region. This strategic position provides easy access to global markets and facilitates seamless import and export activities. By establishing a company here, businesses can tap into the flourishing trade routes of the Middle East, Asia, and beyond.
The free zone offers state-of-the-art infrastructure and modern amenities to support various industries. From advanced logistics facilities and warehouses to purpose-built manufacturing units and office spaces, KIZAD provides businesses with the necessary infrastructure to thrive. This well-planned and well-maintained environment fosters efficiency and productivity, enhancing the overall competitiveness of companies operating within the zone.
KIZAD offers a range of investment incentives designed to attract businesses from diverse sectors. These incentives include tax exemptions, 100% foreign ownership, full repatriation of capital and profits, and no currency restrictions. Furthermore, companies established in KIZAD benefit from a 50-year tax holiday, ensuring a favourable and stable business environment for long-term growth and profitability.
KIZAD provides comprehensive business support services to facilitate the establishment and operation of companies. These services include simplified and streamlined company registration procedures, efficient visa processing, and a dedicated customer service team to address queries or concerns. The free zone authorities work closely with businesses, offering guidance and assistance at every step, ensuring a smooth and hassle-free experience.
Abu Dhabi boasts a diverse and skilled workforce, with professionals from various sectors readily available. KIZAD benefits from this talent pool, making it easier for businesses to recruit qualified personnel. Additionally, KIZAD collaborates with educational institutions and training centres to offer specialised programs and skill development initiatives, ensuring a continuous supply of skilled workers in line with industry demands.
When considering setting up a business in Abu Dhabi, understanding the cost of a free zone license is essential. Abu Dhabi offers several free zones that provide a business-friendly environment and numerous advantages for entrepreneurs. The cost of a free zone license in Abu Dhabi depends on various factors, including the type of license, business activities, office space requirements, and additional services needed.
The licence cost in KIZAD, Khalifa Industrial Zone Abu Dhabi, can be considered one of the most affordable in the UAE. Starting from 11,000 AED, businesses can obtain a licence that includes eligibility for one resident visa. This cost-effective package also encompasses flexi-desk rent, providing businesses with a flexible workspace solution. Additionally, for companies in need of an office or warehouse, KIZAD offers ready-to-move-in customised solutions. With warehouses starting from 350 AED per square metre per year, businesses can find cost-effective options to meet their storage and operational needs. These competitive licence costs, along with the customizable workspace solutions, make KIZAD an attractive choice for entrepreneurs and businesses seeking affordability and flexibility in Abu Dhabi’s free zones.
To conclude, setting up a company in KIZAD, Abu Dhabi Free Zone, presents numerous advantages for businesses seeking to establish a strong regional presence. The strategic location, world-class infrastructure, attractive investment incentives, business support services, and access to a skilled workforce make KIZAD an ideal destination for companies from diverse industries. With competitive licence costs and a favourable business environment, KIZAD offers an opportunity for growth, expansion, and success in the thriving Abu Dhabi market.