Why twofour54 Abu Dhabi free zone?
Twofour54, Abu Dhabi's premier free zone, was established with the vision of transforming the emirate into a hub for content creators and media-related enterprises. The remarkable expansion of this free zone is a testament to its success in accomplishing this objective, drawing in a substantial influx of foreign investors annually. Twofour54's business setup process is characterized by remarkable flexibility, making it a magnet for international investors who are drawn to its forward-looking regulations, strategic positioning, and top-notch business support services.
Key media players like CNN, Sky News Arabia, Image Nation, Bidaya Media, and Flash Entertainment have chosen Twofour54 for its cutting-edge facilities. It's not just an industry hub but also a space for startups and SMEs to network. Plus, it's an ideal location to set up a company in Abu Dhabi with business setup consultants readily available.
Advantages of Business setup in twofour54 Abu Dhabi
- Complete company ownership
- No income tax
- No corporate tax
- No obligatory minimum share capital
- State-of-the-art production facilities
- Robust Intellectual Property (IP) framework
- Prestigious location in Abu Dhabi
- Prime positioning offering direct entry to Middle East markets
- Only a 20-minute drive from Abu Dhabi airport and 50 minutes from Dubai
License Types offered by twofour54 Abu Dhabi
To initiate your business setup at Twofour54, entrepreneurs should begin by familiarizing themselves with the accepted legal entity options in this free zone. Your choice of legal structure will determine the number of shareholders your company can have. Twofour54 allows for various types of businesses, and here are the approved options:
Free Zone Limited Liability Company
The prevalent business structure in the Twofour54 free zone is the Free Zone Limited Liability Company (FZ-LLC), which allows 2-50 shareholders comprising individuals, corporate entities, or a combination of both. If you have any uncertainties, it's advisable to seek guidance from Abu Dhabi business setup experts to clarify legal aspects.
Branch Offices
Twofour54 welcomes the establishment of branch offices on its premises for businesses looking to expand into Abu Dhabi. Companies, both local and international, have the opportunity to set up branches in the Twofour54 free zone, provided their activities align with those of the parent company. Simplify the branch formation process by utilizing top-tier business setup services in Abu Dhabi.
Freelance Permit
Those seeking self-employment in Twofour54 can secure a freelance permit, allowing them to operate under their personal name instead of a company title. Freelancers here enjoy access to state-of-the-art Flexi-desk amenities and networking opportunities with fellow professionals. Expert business setup advisors in Abu Dhabi are available to assist with the necessary legal procedures for obtaining the freelance permit.
Allowed Business Activities in Twofour54 Free Zone
Selecting a business activity is the pivotal step in establishing your venture within the Twofour54 free zone. This zone encompasses profitable sectors like content production, publishing, and various media-related services. Expert consultants in Abu Dhabi can assist investors in making the right choice from a diverse range of available activities.
- Music Production and Recording Services
- Advertising Services
- TV Production Services
- Graphic Design Solutions
- Illustration Services
- Film Production Services
- Corporate Film Production
- Online Electronic Content Production
- Gaming Development
- Events and Festivals Planning
- Photography and Videography
- Exhibitions and Conferences Management
- Branding Agency Services
- Print Content Production
- Music Videos Production
- Animation Creation
- Post-Production Services
- Radio Content Production Services
- Web Design and Development
- Mobile Media Development
- Performing Arts and Theatre Services
- Publishing Services
Setting Up a Business in Twofour54 Abu Dhabi Free Zone
Company formation in Twofour54 is straightforward, with the option to consult business setup advisors in Abu Dhabi for a smooth process, which involves the following steps:
- Submit the business form
- Get approval for the company name and activity from Twofour54
- Obtain regulatory signature from Media Zone Authority, Abu Dhabi
- Receive the issuance of the license
Looking for a seamless business setup experience? Trust Smart Zones® Dubai to pave the way.
Twofour54 Free Zone allows a wide range of business activities, including:
- Media and entertainment
- Creative and digital industries
- Information and communication technology
- Education and training
- Research and development
There are many benefits to setting up a business in Twofour54 Free Zone, including:
- 100% foreign ownership
- 0% corporate tax
- 0% income tax
- No customs duties on imports and exports
- Easy access to capital
- Skilled workforce
- State-of-the-art infrastructure
- Supportive business ecosystem
There are two types of business licenses available in Twofour54 Free Zone:
- Commercial license: This type of license is for businesses that conduct commercial activities, such as trading, manufacturing, and services.
- Media license: This type of license is for businesses that operate in the media and entertainment industry.
The steps involved in setting up a business in Twofour54 Free Zone are as follows:
- Choose a business activity and name.
- Submit a business application and supporting documents to Twofour54.
- Obtain a business license.
- Open a corporate bank account.
- Obtain visas for employees.
The cost of setting up a business in Twofour54 Free Zone depends on the type of business license and the size of the business. However, the initial setup costs are relatively low, and there are a number of waivers and discounts available for new businesses.
Yes, Twofour54 provides a range of services to help businesses set up and operate in the free zone. These services include:
- Business setup consultancy
- Visa processing
- Corporate banking assistance
- Office space rental
- Networking events
Want to know more, talk to Smart Zones® Dubai advisory team they will be happy to help. Ready to invest in your future?
