Freezones in Abu Dhabi2 min read

How are freezones in Abu Dhabi attractive for businesses?

Free zones in Abu Dhabi offer several advantages that make them attractive for businesses:

  1. 100% Foreign Ownership: Businesses established in Abu Dhabi’s free zones can typically enjoy full foreign ownership, providing an attractive option for international investors and companies.
  2. Tax Benefits: Free zones often provide tax incentives, including exemptions from corporate and personal income taxes for a specific period, contributing to cost savings for businesses.
  3. Customs Duty Exemptions: Companies operating in free zones may benefit from exemptions on import and export duties, making it cost-effective for businesses involved in international trade.
  4. Infrastructure and Facilities: Abu Dhabi’s free zones are equipped with modern infrastructure, state-of-the-art facilities, and a business-friendly environment, providing businesses with the necessary resources to thrive.
  5. Business Support Services: Free zones typically offer a range of business support services, including administrative assistance, licensing support, and access to networking opportunities. This facilitates a smoother setup and operation for businesses.
  6. Streamlined Processes: The establishment and licensing processes in free zones are often streamlined, reducing bureaucratic hurdles and enabling businesses to set up quickly and efficiently.
  7. Access to Global Markets: Businesses in Abu Dhabi’s free zones may benefit from strategic geographical locations, allowing them easy access to regional and international markets.
  8. Sector-Specific Free Zones: Abu Dhabi has free zones tailored to specific industries, such as technology, media, healthcare, and manufacturing. This specialization can attract businesses looking for an environment conducive to their specific sector.
  9. Flexible Legal Framework: Free zones often operate under a flexible legal framework, providing businesses with the freedom to structure their operations in a way that best suits their needs.
  10. No Currency Restrictions: Free zones in Abu Dhabi typically allow businesses to transact in various currencies without restrictions, facilitating international trade and transactions.
  11. Skilled Workforce: Access to a skilled and diverse workforce is often available in and around free zones, making it easier for businesses to find the talent they need.

These factors collectively make Abu Dhabi’s free zones attractive for businesses seeking a favorable environment for investment, growth, and international expansion.

Here are the free zones which operate differently than in mainland Abu Dhabi:

  1. Abu Dhabi Airport Free Zone (ADAFZ)
  2. Abu Dhabi Global Markets (ADGM)
  3. ADPC – Khalifa Port and Industrial Zone (KPIZ)
  4. Industrial City of Abu Dhabi
  5. Higher Corporation for Specialized Economic Zones / Zones Corporation
  6. Masdar City Free Zone
  7. twofour54