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Prodigy

Abu Dhabi Ports Free zone

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Abu Dhabi Ports Free zone

Welcome to Abu Dhabi Ports Free zone, UAE: A Hub of Global Business Opportunities

At Prodigy Corporate Services, we are proud to provide comprehensive business setup solutions in the dynamic landscape of Abu Dhabi Ports Free zone. Located in the heart of the United Arab Emirates, Abu Dhabi Ports Free zone is a thriving business hub that offers unparalleled advantages to entrepreneurs and investors seeking growth and success.

Abu Dhabi Ports Free zone serves as a strategic gateway for businesses looking to establish a presence in the region. Its strategic location, world-class infrastructure, and investor-friendly policies make it an ideal destination for companies across various industries. Whether you are a startup, an SME, or a multinational corporation, this free zone provides an ecosystem that nurtures innovation, collaboration, and sustainable growth.

What sets Abu Dhabi Ports Free zone apart is its commitment to facilitating seamless operations and enabling businesses to thrive. With state-of-the-art facilities, modern infrastructure, and advanced logistics capabilities, the free zone offers a conducive environment for companies to establish their operations and expand their reach across global markets.

As a leading business setup company in Dubai, UAE, Prodigy Corporate Services is your trusted partner in navigating the opportunities available at Abu Dhabi Ports Free zone. Our team of experienced professionals is well-versed in the legal, regulatory, and administrative processes involved in setting up and operating a business within the free zone. We understand the unique requirements of each industry and offer tailored solutions to ensure a smooth and efficient setup process.

Our comprehensive range of services includes company registration, licensing, visa assistance, accounting and bookkeeping, corporate banking, and more. With Prodigy Corporate Services by your side, you can focus on your core business activities while we take care of the complex procedures, ensuring compliance with local laws and regulations.

Join hands with Prodigy Corporate Services and unlock the vast potential of Abu Dhabi Ports Free zone. Experience the benefits of a strategic location, a supportive business environment, and a dedicated team that is committed to your success.

Contact us today to explore the possibilities and embark on a remarkable journey of growth and prosperity with Abu Dhabi Ports Free zone and Prodigy Corporate Services.

Advantages of setting up a business in Abu Dhabi Ports Free Zone

Abu Dhabi Ports Freezone offers several advantages for businesses looking to establish their presence in the region. Here are some key benefits:

  1. Strategic Location: Abu Dhabi Ports Freezone is strategically located in the heart of the United Arab Emirates, providing easy access to global markets. Its proximity to major shipping routes and airports allows for efficient transportation and logistics operations.
  2. World-Class Infrastructure: The freezone boasts state-of-the-art infrastructure, including modern office spaces, advanced telecommunications systems, and cutting-edge facilities. This infrastructure enables businesses to operate smoothly and efficiently.
  3. Investor-Friendly Environment: Abu Dhabi Ports Freezone offers a business-friendly environment with investor-focused policies and regulations. The freezone provides a streamlined setup process, transparent procedures, and a supportive regulatory framework that encourages investment and business growth.
  4. 100% Foreign Ownership: One of the major advantages of the freezone is that it allows 100% foreign ownership. This means that international investors can have full control and ownership of their businesses, providing them with flexibility and autonomy in decision-making.
  5. Tax Benefits: Businesses operating within Abu Dhabi Ports Freezone enjoy tax advantages, including zero corporate and personal income taxes. This provides significant cost savings and enhances the overall competitiveness of companies based in the freezone.
  6. Customs Benefits: The freezone offers customs advantages, including exemption from customs duties for goods and materials imported for the purpose of production, assembly, or re-export. This facilitates international trade and reduces operational costs for businesses.
  7. Skilled Workforce: Abu Dhabi Ports Freezone provides access to a pool of skilled and diverse talent. The freezone’s strategic location, combined with the attractive working and living conditions in Abu Dhabi, attracts professionals from around the world, offering businesses a skilled workforce to support their operations.
  8. Business Support Services: The freezone offers a range of business support services, including legal, administrative, and consultancy services. This includes assistance with company registration, licensing, visa processing, accounting, and more. These services help streamline operations and ensure compliance with local regulations.
  9. Networking and Collaboration Opportunities: Abu Dhabi Ports Freezone serves as a hub for various industries, fostering a collaborative business environment. The freezone hosts networking events, conferences, and industry-specific initiatives that provide opportunities for businesses to connect, collaborate, and explore potential partnerships.
  10. Access to Value-Added Services: Businesses operating in Abu Dhabi Ports Freezone can benefit from a range of value-added services, such as banking and financial services, insurance, healthcare, and educational facilities. These services contribute to the overall ease of doing business and enhance the quality of life for employees.

By choosing Abu Dhabi Ports Freezone as your business destination and partnering with Prodigy Corporate Services, you can leverage these advantages to accelerate your company’s growth, expand your market reach, and maximize your business potential.

What is the Process of setting up a business in Abu Dhabi Ports Free Zone?

The process of setting up a business in Abu Dhabi Ports Free zone involves several key steps. Here is an overview of the process:

  1. Initial Inquiry: The first step is to express your interest in establishing a business in Abu Dhabi Ports Free zone. You can reach out to Prodigy Corporate Services, your trusted business setup partner, who will guide you through the process and provide you with the necessary information.
  2. Consultation and Planning: Our team will conduct a detailed consultation to understand your business requirements, objectives, and industry-specific considerations. We will assist you in selecting the appropriate business activity and legal structure for your company.
  3. Application Submission: Once the consultation is complete, we will assist you in preparing and submitting the necessary application and documents to the relevant authorities. This includes providing detailed information about your business, shareholders, and financial projections.
  4. Legal Documentation: Upon receiving the initial approval, the legal documentation process begins. This involves drafting and reviewing the Memorandum of Association, Articles of Association, and other required agreements. Prodigy Corporate Services will ensure that all legal requirements are met and that the documentation reflects your business goals.
  5. License and Registration: After the legal documentation is completed, the license and registration process follows. This involves obtaining the necessary permits, licenses, and approvals from the relevant authorities. Prodigy Corporate Services will handle the entire process on your behalf, saving you time and effort.
  6. Visa Processing: If you require visas for your employees or partners, Prodigy Corporate Services will assist you in obtaining the necessary visas and permits. We will guide you through the visa application process, ensuring compliance with immigration regulations.
  7. Office Space and Setup: Abu Dhabi Ports Free zone offers a wide range of modern and flexible office spaces to choose from. Prodigy Corporate Services can help you select the most suitable office space for your business needs. We will also assist you in setting up the infrastructure, utilities, and other facilities required for your operations.
  8. Post-Setup Support: Once your business is set up, Prodigy Corporate Services will continue to provide ongoing support and assistance. This includes accounting and bookkeeping services, VAT registration and compliance, corporate banking, and other essential services to ensure the smooth running of your business.

By partnering with Prodigy Corporate Services, you can streamline the entire process of setting up your business in Abu Dhabi Ports Free zone. Our experienced team will guide you at every step, ensuring compliance with regulations and maximizing the potential for your business to thrive.

What are the Documents required to set up a business in Abu Dhabi Ports Free Zone?

To set up a business in Abu Dhabi Ports Free Zone, the following documents are typically required:

  1. Application Form: A completed application form provided by the free zone authority.
  2. Business Plan: A detailed business plan outlining your company’s objectives, activities, market analysis, and financial projections.
  3. Passport Copies: Copies of passports of all shareholders, directors, and authorized signatories.
  4. Proof of Address: Address proof for all shareholders, directors, and authorized signatories. This can include utility bills or bank statements.
  5. No Objection Certificate (NOC): If the shareholder or director is employed in another company, a No Objection Certificate from the current employer may be required.
  6. Board Resolution: A board resolution signed by the shareholders, authorizing the establishment of the company and designating the authorized signatories.
  7. Memorandum of Association (MOA) and Articles of Association (AOA): These documents outline the company’s structure, ownership, and internal regulations.
  8. Power of Attorney (POA): A Power of Attorney document may be required if any authorized signatory will not be present during the setup process.
  9. Financial Statements: For existing companies, audited financial statements for the last two years may be required.
  10. Bank Reference Letter: A bank reference letter or bank statement to demonstrate the financial standing and credibility of the shareholders and directors.
  11. Lease Agreement: A copy of the lease agreement for the office space in Abu Dhabi Ports Free zone.

Please note that additional documents may be required based on the specific nature of your business activity and the free zone’s regulations. It is recommended to consult with Prodigy Corporate Services or the relevant authorities for the most accurate and up-to-date information regarding document requirements.

What is the cost of setting up a business in Abu Dhabi Ports Free Zone?

  1. License Fees: The license fees for Abu Dhabi Ports Freezone can range from AED 15,000 to AED 35,000, depending on the type of license and business activity.
  2. Office Space: The cost of office space in Abu Dhabi Ports Free zone varies based on factors such as size, location, and facilities. Rental prices typically start from AED 50,000 per year for a small office space, but it can go higher depending on the requirements and preferences.
  3. Visa Fees: The visa fees for employees or partners can vary depending on the visa type and duration. The approximate cost for employment visas can range from AED 3,000 to AED 5,000 per visa.
  4. Additional Services: The cost of additional services such as company formation assistance, document attestation, banking services, accounting and bookkeeping, and other support services may vary based on the specific requirements. It is advisable to discuss these services with Prodigy Corporate Services for accurate cost estimates.

FAQ'S

Frequently Asked Questions

Abu Dhabi Ports Free zone is a thriving business hub located in the United Arab Emirates. It offers a range of advantages, including strategic location, world-class infrastructure, and investor-friendly policies, making it an attractive destination for businesses.

The benefits include 100% foreign ownership, tax advantages, customs benefits, a skilled workforce, investor-friendly regulations, and access to business support services. These advantages contribute to a favorable environment for business growth and expansion.

Abu Dhabi Ports Freezone accommodates a wide range of business activities, including trading, manufacturing, logistics, assembly, distribution, and various service-oriented industries. Specific activities can be checked with the freezone authorities.

Yes, Abu Dhabi Ports Free zone allows 100% foreign ownership, enabling international investors to have full control and ownership of their businesses without the need for local partners.

The requirements typically include submitting the necessary application forms, providing passport copies, a business plan, proof of address, MOA and AOA, and fulfilling any specific criteria related to the chosen business activity.

The timeframe for setting up a business can vary based on several factors, including the type of license, the completeness of documentation, and the approval process. On average, it can take approximately 2 to 4 weeks to complete the setup process.

bu Dhabi Ports Freezone requires businesses to have physical office space. However, the freezone offers a range of office spaces that can cater to different business needs and sizes.

Abu Dhabi Ports Free zone allows businesses to hire employees from outside the UAE, subject to the necessary employment visa requirements and regulations set by the UAE immigration authorities.

Abu Dhabi Ports Free zone is designed to support businesses operating within its premises. However, businesses can conduct activities outside the free zone as per the regulations and approvals required by the relevant authorities.

Prodigy Corporate Services provides comprehensive business setup services, including assistance with company registration, licensing, visa processing, office space selection, and ongoing support services. Their expertise ensures a smooth and efficient setup process.

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Kevin Andrew Assitant Manager

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