Abu Dhabi Free Zone Company Formation at Masdar City Free Zone
An Introduction to Masdar City Free Zone
Masdar is an Arabic word which means ‘The Source’. It was established in 2006. Masdar City is a global hub for registering new companies in Abu Dhabi. It is the destination for those involved in manufacturing, discovering, generating and developing energy products and future green technology goods and services in the Middle East.
Masdar City Free Zone is a leading name that provides a business-friendly and commercial environment to the entrepreneurs and companies related with clean and renewable energy and grants them every available benefit of the free zone to the companies who want to set up business in Abu Dhabi free zone.
As a free zone, Masdar City offers a business-friendly environment for companies to operate their business. The competitive pricing, thorough support system and infrastructure of the zone provide an ultimate ecosystem to the entrepreneurs.
New business set up in Abu Dhabi benefits from a wide spectrum of services offered by Masdar City Free Zone, including registrations and licensing.
Advantages of Setting up a Company in Masdar City Free Zone
Quite a big number of global players have already acknowledged the benefits of Masdar city and are practicing their business in a unique environment. The Free Zones provides advantages like
- 100% foreign ownership without any partnership in the UAE.
- Complete exemption from corporate tax.
- Complete exemption from Income tax.
- No Import and Export duty.
- State of the art Infrastructure.
- Easy and quick set up of Business.
- Proximity to roads, railways, ports and airports.
- Masdar Institute of Technology is partnering with Research and Development hub.
- Multiple connecting points to local and international markets.
- Repatriation of capital and profit.
- Availability of office space at very low rates.
Registration and Licensing Options at Masdar City Free Zone
There are many categories of business clusters and many business options available to the companies
- Renewable Energy
- Energy Industry
- Human Resource and Development
- Marketing and Events
- Property Development Services
- Health Care Services
- Clean Tech and Information and Communication Technology (ICT)
- Oil and Gas Services
How to Start a Business in Masdar City Free Zone?
The procedures to open a company in Masdar City Free Zone involve certain steps and related documents:
Filing of the name registration form is the first step required. It should be submitted to the Department of Economic Development of Abu Dhabi.
Upon receiving the certificate of the trade name, a license form is needed to be filled. The License form is submitted with the business’s blueprints and required documents. An Acceptance Letter is then issued by the Free Zone authorities.
Opening a Bank Account
After receiving the Acceptance Letter, the investor needs to open a corporate bank account. The authorities issue a Bank Induction Letter for the purpose.
Obtaining License and Signing Lease Contract
When all the above formalities are completed, a Memorandum and Article of Association are signed between the parties. You can now collect the License for setting up a company in Masdar City Free Zone.
Role of PMC Solutions FZCO in Free Zone Company Setup in Masdar City
Masdar City is an incompatible free zone for energy-based companies. PMC Solutions FZCO looks after the company registration and licensing right from the very beginning up to the formalities are finally completed. The team is highly professional and guide the investors throughout the process. PMC Solution DMCC assists you in opening of the corporate bank account. We make sure that setting up of the business in Masdar City is hassle-free for the client.