Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Airport Free Zone (ADAFZ)
Welcome to Prodigy Corporate Services, your trusted partner for business setup and consultancy in Dubai, UAE. As a premier business setup company, we are excited to introduce you to the remarkable opportunities offered by the Abu Dhabi Airport Free Zone (ADAFZ).
Abu Dhabi Airport Free Zone (ADAFZ) is a thriving economic hub strategically located in the heart of the United Arab Emirates. With its state-of-the-art infrastructure, world-class facilities, and investor-friendly policies, ADAFZ provides an ideal environment for businesses to flourish and grow.
At Prodigy Corporate Services, we understand the importance of finding the perfect location for your business. ADAFZ offers a range of benefits that make it an attractive choice for entrepreneurs and established companies alike. With its proximity to Abu Dhabi International Airport, easy access to major highways, and excellent connectivity, ADAFZ ensures seamless global connectivity for your business operations.
By establishing your business in ADAFZ, you gain access to a wide range of industry sectors, including aviation, aerospace, logistics, technology, and more. The free zone provides a supportive ecosystem that encourages innovation, collaboration, and growth. As your trusted partner, Prodigy Corporate Services will guide you through every step of the setup process, ensuring a smooth and hassle-free experience.
Our team of experienced professionals possesses in-depth knowledge of ADAFZ regulations, procedures, and requirements. We provide comprehensive services tailored to meet your specific business needs, including company registration, licensing, visa processing, PRO services, and ongoing business support. Our expertise and dedication enable you to focus on your core business activities while we take care of the administrative aspects.
When you choose Prodigy Corporate Services, you benefit from our commitment to excellence and customer satisfaction. We are proud to have helped numerous businesses establish their presence in ADAFZ and achieve their goals. Our personalised approach, attention to detail, and efficient service delivery have earned us a reputation as a trusted partner in the business setup industry.
Experience the countless advantages of Abu Dhabi Airport Free Zone (ADAFZ) with Prodigy Corporate Services by your side. Contact us today to explore how we can assist you in realising your business ambitions and unlocking the immense potential that ADAFZ has to offer.
What is the Process of Registering a Company In Abu Dhabi Airport Free Zone (ADAFZ)
The process of setting up a business in Abu Dhabi Airport Free Zone (ADAFZ) involves several steps. Here is an overview of the process:
- Initial Consultation: The first step is to have an initial consultation with a business setup consultant, like Prodigy Corporate Services, who can guide you through the process. During this consultation, you can discuss your business requirements, objectives, and the types of licences available in ADAFZ.
- Business Activity Selection: Next, you need to determine the type of business activity you want to undertake in ADAFZ. The free zone offers a wide range of activities across various industries. It is important to choose the most suitable activity for your business.
- Legal Structure Selection: Based on your business activity, you need to select the appropriate legal structure for your company in ADAFZ. This can be a Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign or UAE Company, or a Freelancer Licence, depending on your business needs.
- Company Name Reservation: Once the legal structure is decided, you need to reserve a unique company name for your business. The name should comply with ADA FZs naming guidelines and be available for registration.
- Licence Application: After name reservation, you can proceed with the licence application. You will need to provide necessary documents such as passport copies, business plan, and proof of address. Prodigy Corporate Services can assist you in preparing and submitting the application.
- Office Space Selection: ADAFZ offers a variety of office spaces, including flexi desks, executive offices, and warehouses, to cater to different business requirements. You can choose the most suitable option based on your needs and budget.
- Lease Agreement and Ejari Registration: Once the office space is selected, you will enter into a lease agreement with ADAFZ and complete the Ejari registration process. This ensures legal compliance and allows you to operate your business within the free zone.
- Visa Processing: If you require residency visas for yourself and your employees, you can initiate the visa processing after obtaining the licence and completing the office space formalities. Prodigy Corporate Services can assist you in the visa application and renewal process.
- Company Bank Account Opening: To conduct business transactions, you will need to open a corporate bank account in a bank of your choice. ADAFZ has partnerships with leading banks, simplifying the account opening process.
- Operational Support: Once your business is set up in ADAFZ, Prodigy Corporate Services can continue to provide ongoing support for various services such as accounting, bookkeeping, VAT registration, and compliance with local regulations.
It’s important to note that the process may vary depending on the specific business requirements and changes in ADAFZ regulations. It is recommended to consult with a business setup expert for detailed and up-to-date information regarding the process.
Please remember that while I strive to provide accurate and up-to-date information, it’s always a good idea to verify the specific requirements and procedures with official sources or consult with a professional business setup consultant.
What are the Documents required to get the License of Abu Dhabi Airport Free Zone (ADAFZ)
To set up a business in Abu Dhabi Airport Free Zone (ADAFZ), you will need to prepare and submit certain documents. The specific requirements may vary depending on the type of company you are establishing (FZ-LLC, Branch, Freelancer) and the nature of your business activity. Here is a general list of documents typically required for company formation in ADAFZ:
- Application Form: A completed application form provided by ADAFZ, which includes details about the company, shareholders, directors, and activities.
- Passport Copies: Clear and coloured copies of passports for all shareholders, directors, and the appointed manager. The passport copies should have a minimum validity of six months.
- Business Plan: A comprehensive business plan outlining the nature of your business, proposed activities, market analysis, and financial projections.
- No Objection Certificate (NOC): If one of the shareholders or directors is an existing UAE resident or employed in the UAE, a No Objection Certificate from their current sponsor may be required.
- Memorandum of Association (MOA) or Articles of Association (AOA): For a Free Zone Limited Liability Company (FZ-LLC), you will need to prepare the MOA or AOA, which outlines the company’s structure, share capital, and internal regulations.
- Board Resolution: In the case of a branch, a board resolution from the parent company authorising the establishment of the branch and appointing a manager to represent it.
- Bank Reference Letter: A bank reference letter for each shareholder and director confirming their financial standing and good standing with the bank.
- Proof of Address: Copies of recent utility bills or a lease agreement for the office space in ADAFZ.
- Specimen Signature: Specimen signatures of shareholders, directors, and the appointed manager.
- Power of Attorney: If you appoint a representative or a business setup consultant like Prodigy Corporate Services to handle the formation process, a power of attorney authorising them to act on your behalf may be required.
It’s important to note that the specific document requirements may vary based on your company’s structure and business activity. It’s recommended to consult with a business setup expert or refer to the official ADAFZ guidelines for the most accurate and up-to-date information.
Advantages of Registering a company in Abu Dhabi Airport Free Zone (ADAFZ)
Abu Dhabi Airport Free Zone (ADAFZ) offers numerous advantages for businesses looking to establish their presence in the United Arab Emirates. Here are some key advantages of ADAFZ:
- Strategic Location: ADAFZ is strategically located adjacent to Abu Dhabi International Airport, providing easy access to air and sea ports. This proximity ensures efficient logistics and excellent connectivity to global markets, making it an ideal hub for import-export and international trade.
- State-of-the-Art Infrastructure: ADAFZ boasts modern infrastructure and world-class facilities, including office spaces, warehouses, showrooms, and logistics centres. The free zone is designed to meet the specific requirements of various industries, providing businesses with a conducive environment to thrive.
- Tax-Free Environment: One of the most significant advantages of ADAFZ is the absence of corporate and personal income taxes, import and export duties, and capital repatriation restrictions. This tax-free environment allows businesses to maximise their profitability and reinvest their earnings into business growth.
- 100% Foreign Ownership: ADAFZ allows 100% foreign ownership of companies without the need for a local partner or sponsor. This provides investors with complete control over their businesses and decision-making processes.
- Wide Range of Business Activities: ADAFZ offers a diverse range of business activities across various sectors, including aviation, aerospace, logistics, technology, IT services, consulting, media, and more. This allows businesses to explore new opportunities and diversify their operations within a single free zone.
- Simple Company Setup Process: The setup process in ADAFZ is streamlined and efficient, with simplified procedures and fast-track services. It offers a one-stop-shop approach, where investors can complete all necessary licensing and administrative procedures in one place, saving time and effort.
- Investor-Friendly Regulations: ADAFZ has investor-friendly regulations and a supportive business ecosystem. It provides flexible lease terms, allows multiple visas, and offers various business support services such as visa processing, PRO services, and legal assistance, making it easier for businesses to operate and expand.
- Access to Skilled Workforce: ADAFZ benefits from the availability of a skilled and multicultural workforce in Abu Dhabi. The region has a strong education system and attracts professionals from around the world, providing businesses with access to a talent pool to support their growth and operations.
- Networking and Collaboration Opportunities: Being part of ADAFZ opens doors to networking and collaboration opportunities. Businesses can connect with like-minded companies, industry experts, and potential partners or clients, fostering innovation and growth.
- Strong Government Support: ADAFZ operates under the umbrella of Abu Dhabi Airports, which ensures strong government support and commitment to the development and success of the free zone. The government provides a stable and secure business environment, promoting investor confidence.
What is the cost of Registering a Company In Abu Dhabi Airport Free Zone (ADAFZ)
The cost of setting up a business in Abu Dhabi Airport Free Zone (ADAFZ) can vary depending on several factors such as the type of company, office space requirements, business activities, and additional services needed. Here is a general overview of the costs associated with ADAFZ:
- Licence Fees: The licence fees in ADAFZ depend on the type of licence you require, such as Commercial, Service, or Industrial licence. These fees can range from AED 10,000 to AED 35,000 or more, depending on the business activity and licence duration.
- Office Space Rental: ADAFZ offers a range of office spaces to cater to different business needs. The cost of office space rental depends on factors such as size, location, and facilities provided. Rental prices can start from AED 15,000 per year for flexi desks and vary for executive offices and warehouses.
- Registration and Incorporation Fees: There are registration and incorporation fees associated with setting up a company in ADAFZ. These fees cover the administrative and legal processes involved in establishing the business. The exact fees depend on the type of company you choose (FZ-LLC, Branch, Freelancer) and the specific services provided by the business setup consultant.
- Visa Fees: If you require residency visas for yourself and your employees, there will be visa processing fees. These fees cover the application, medical tests, Emirates ID, and visa stamping charges. Visa fees can vary depending on the number of visas required and any additional services availed.
- Additional Services: Additional services such as PRO services, legal assistance, accounting, and bookkeeping may have associated costs. These services are optional but can be valuable in ensuring compliance and smooth operations.
It’s important to note that the above costs are approximate and subject to change. It is recommended to consult with a business setup consultant or ADAFZ authorities for accurate and up-to-date information on the specific costs applicable to your business requirements.
FAQ'S
Frequently Asked Questions
What is Abu Dhabi Airport Free Zone (ADAFZ)?
Abu Dhabi Airport Free Zone (ADAFZ) is a dynamic business hub located next to Abu Dhabi International Airport. It offers a strategic location, world-class infrastructure, and investor-friendly regulations to facilitate business setup and growth.
What are the advantages of setting up a business in ADAFZ?
ADAFZ provides advantages such as a tax-free environment, 100% foreign ownership, strategic location, state-of-the-art infrastructure, access to a skilled workforce, and a supportive business ecosystem. It offers a range of benefits for businesses across various sectors.
What types of licences are available in ADAFZ?
ADAFZ offers licences for various business activities, including Commercial, Service, and Industrial licences. The specific licence type depends on the nature of your business activity.
How long does it take to set up a business in ADAFZ?
The timeline for setting up a business in ADAFZ can vary depending on factors such as the type of company, the completeness of documentation, and the approval process. It typically takes a few weeks to a few months to complete the setup process.
Can I have 100% ownership of my company in ADAFZ?
Yes, ADAFZ allows 100% foreign ownership of companies. You do not require a local partner or sponsor to establish your business, providing you with full control over your company.
What support services are available in ADAFZ?
ADAFZ provides a range of support services, including visa processing, PRO services, legal assistance, and business consulting. These services assist businesses with their ongoing operations and compliance requirements.
Can I operate my business outside of ADAFZ if I establish it there?
No, a company established in ADAFZ is required to operate within the free zone. However, it can conduct business with entities outside the free zone and internationally.
Can I lease an office space in ADAFZ even if I don't have a company there?
Yes, ADAFZ offers office spaces for lease to businesses even if they don’t have a company registered in the free zone. This allows companies to have a presence in ADAFZ and access its benefits.
Can I apply for visas for myself and my employees through ADAFZ?
Yes, ADAFZ facilitates visa processing for investors, employees, and their dependents. It offers services for visa application, medical tests, Emirates ID, and visa stamping.
Are there any restrictions on capital repatriation from ADAFZ?
No, there are no restrictions on capital repatriation from ADAFZ. You can repatriate your capital and profits without any limitations.
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