The importance of free zones for UAE’s economy is not unknown. It is the reason that all the emirates of UAE are trying their best to introduce more and more free zones and provide exceptional facilities to companies setting up their business there. Like other major business activities, Dubai is ahead of other emirates by far regarding number of free zones. More than half of total 45 free zones in UAE are present in Dubai. But other emirates are also taking steps to provide better facilities to local and foreign entrepreneurs through free zones. This process has been accelerated after adoption of new foreign policy few years ago with the aim to reduce reliance on oil sector.
After Dubai, most of the free zones are present in Abu Dhabi and an important one is ADAFZ (Abu Dhabi Airports Free Zone). This free zone is under the authority of Abu Dhabi airports. This designated free zone is present around Abu Dhabi International Airport and spread across area of more than 10.6 km2. Due to its functionality under Abu Dhabi Airports, most of the businesses supported by this free zone are related to same sector including:
- Aircraft Chartering
- Aerospace, Airlines & Carriers Aircraft Interiors & Airport Services
- In-Flight Catering
- Flight Support Services
- Cold Storage
- Logistics, Transportation, Warehousing Distribution & Storage
- MRO (maintenance, repair & operations)
But ADAFZ is not limited to airline and cargo companies. It is also supporting other types of companies also like:
- Marketing and Events
- Technology & ICT (information & communication technology)
- Consultancy Management
- Pharmaceuticals
- Retailers
- Luxury Goods
- Trading
- Light Manufacturing
Companies setting up their business in ADAFZ get several such advantages exclusive to free zones. Along with that, few such advantages are also available here that are not present in many other free zones. Important benefits of setting up your company in ADAFZ include:
- 100% exemption from corporate, income and several other taxes
- 100% repatriation of profits
- 100% foreign ownership
- Proximity of airport to assist import and export of goods
- “One Stop Shop” that provides quick and simple registration and licensing processes
- Easy access to regional markets
After knowing these advantages and facilities provided by the free zone, it becomes evident that ADAFZ is one of the best places in UAE for companies related to aviation industry. But opportunities are also available to other industries as well. For further details and assistance in setting up your company in ADAFZ, you can contact us (Riz & Mona Consultancy) via our WhatsApp # 971-56-9971225 or email address info@rizmona.com.
