Thursday, October 22, 2020

Masdar City Free Zone, Abu Dhabi

 


Masdar City Free Zone, Masdar City Free Zone, Abu Dhabi

Driven by the Abu Dhabi Economic Vision of 2030, Masdar City Free Zone (MCFZ) is a business community in Masdar City. It houses companies ranging from start-ups to SMEs and multinationals. It is a prime destination for global business, and Abu Dhabi International Airport is in its proximity. Furthermore, it offers direct connectivity to all areas of Abu Dhabi and the UAE. 

It offers a comfortable environment for businesses to

operate. The competitive pricing, comprehensive support system, and synergy springing from the City’s unique innovation ecosystem together combine to offer a great deal of value-add to all its partners.

It’s e-portal allows investors to set up a business with a completely online process. A plethora of support services are provided to tenants, which include One-Stop-Shop, registration, licensing, and various other development and leasing options. 


Unique benefits Offered by Masdar City Free Zone 


It is an emerging global destination where businesses can thrive and flourish.

  1. Quick Setup: It takes just five working days to obtain a license to start operations. 
  2. One-Stop-Shop: It offers a quick and easy setup. 
  3. 100% Foreign Ownership: There is no need for local sponsors.
  4. 100% Tax-Free: There are no corporate and personal taxes. 
  5. Freedom of Repatriation: The investor can freely take away capital and profits to his country.
  6. Research and Development Hub: Partnership with Khalifa University. 
  7. Knowledge and Talent: A critical mass of sector-related expertise and talent. 
  8. Cost-Effective: Economic licensing and office space. 
  9. Strategic Location: Strategically located between Abu Dhabi and Dubai. 
  10.  No import duties: 0% duties on goods imported.

Legal Structure 

Masdar City Free Zone offers quick and straightforward company incorporation options to entrepreneurs and accordingly, as per the Masdar City Company’s Registration Regulations, one can opt for any of the following legal structures: 

1. Free Zone Limited Liability Company 

2. Branch of a foreign/offshore company 

3. Branch of a UAE based company 

Services offered by Masdar City Free Zone for Business


Registration and Licensing 

Masdar City Free Zone, Masdar City Free Zone, Abu Dhabi

Masdar City Free Zone, through its One-Stop-Shop, offers a wide range of services, which include registration and licensing services, business and leasing opportunities, and numerous other support services. It also provides a variety of licensing tariff options that can be selected according to the activities and financial plans of the company.

The following are the various broad categories which are eligible for the issuance of a license: 

Renewable Energy

Clean Tech and ICT

Marketing and Events

Human Resources

Energy Industry

Healthcare Services

Service Providers

Property Development Services

Regional HQ, Trading and Holding Companies

Business Centre and Data Centres

Oil and Gas Services

Retail, Food, and Beverage

Support Services include 

Visa Services along with medical checks

Dependents Sponsorships

Emirates ID Card processing

Customs administration

PO Box Set-up

Facilities and Property Management

Abu Dhabi Chamber of Commerce membership

Document Authentication

Meeting room and conference facilities

Business and Leasing Services 

Office Space : 

It offers office space catering to the needs of all sizes of business. Be it Flexidesks in a shared workspace, serviced and executive offices, or a larger core and shell unit, it has it all. 

Land :

It offers a mixed-use community living along with sustainability. The land is available for both buying and leasing for developers. 

Build to Suit :

Large organizations can partner with Masdar City Free Zone to engineer bespoke commercial, retail, residential, recreational, educational, healthcare, and corporate spaces. 


Masdar City Free Zone Company Formation Process

Company Name Reservation 


An investor needs to reserve the company name with an initial online payment of AED 2,000. The Free Zone will submit the form for approval to the Abu Dhabi Department of Economic Development. Upon approval of the name, an email will be sent by the free zone to the investor.  

The investor then needs to complete the application for a license and provide the business plan of the company and legal documents.  

Masdar City Free Zone will check the completed application, and any shortcomings will be informed and followed up. 

Documents Submission


Then the e-services platform has to be accessed, and submission of the required detailed information and documents has to be done. 

All submitted information and documents and reviewed and accordingly approved. Then the organization’s legal documentation is issued through the system (Resolution, Articles of Association, Memorandum of Association). The advisors also reach out to the client to present their existing lease options. 

License Issuance 

Then the legal documentation is needed to be signed, and the lease process and payments are finalized, either through a personal visit or courier service. 

After all this, the license and certificate of registration/incorporation are finally issued, which can be accessed online. 


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