Abu Dhabi is the capital city of the UAE and over the years, the city has now become the global center of a wide range of businesses and investments. One of the main reasons is the free zones which have played a key role in making the emirate a hub for different activities. Here you will see numerous sectors from technology and tourism to oil and gas which provide a platform for numerous entrepreneurs. In this blog, we will take you through the best free zones which will help you decide on setting up a business in Abu Dhabi.
Abu Dhabi Global Market (ADGM)
This free zone was established on 21 October 2015 and it is an international financial center (IFC) in the capital city. Over the years, this has become the perfect free zone for financial activities such as private banking, asset management, and wealth management, and more. It stands out as a free zone dedicated to financial activities as it provides a robust regulatory framework for financial services, making it an attractive location for banks, asset managers, and fintech companies.
In addition to this, it offers 100% foreign ownership, zero corporate tax, and now personal income tax, enabling businesses to maximize their profits.
Abu Dhabi Airport Free Zone (ADAFZ)
This free zone is located near the Abu Dhabi International Airport, hence termed as the Abu Dhabi Airport Free Zone. It is ideal for businesses involved in aerospace, aviation, logistics, airport services, the freight sector, and cargo. This free zone provides certain advantages like providing plots of land for development, warehousing units, commercial offices, and logistics services.
Masdar City Free Zone
This was set up in 2006 as a joint venture by a subsidiary of Mubadala Development Company, Abu Dhabi Future Energy Company, and the Abu Dhabi government to make the area more energy-efficient and has now emerged as the global hub for renewable energy and clean technology that entirely depends on renewables. Hence this is the ideal location for businesses involved in clean technology, renewable energy, and sustainability-focused areas. The UAE government actively supports sustainability initiatives, providing incentives and resources for businesses committed to green practices.
Twofour54 Abu Dhabi
This is a free zone dedicated to the media, film, and entertainment industries, providing an ecosystem for content creators, producers, and media professionals. The zone hosts various studios, production companies, and creative agencies, fostering collaboration and networking within the media sector.
Khalifa Industrial Zone Abu Dhabi (KIZAD)
This is also called the Khalifa Economic Zone and is strategically located near Abu Dhabi’s port and airports, facilitating efficient logistics and transportation for businesses engaged in trade. It caters to various industries, including manufacturing, logistics, and technology, making it a versatile choice for businesses.
Conclusion
Abu Dhabi’s dynamic business landscape, coupled with its world-class infrastructure and supportive government policies, makes it an ideal destination for entrepreneurs and businesses. BLZ assists you in understanding the unique offerings of each free zone ensuring you make informed decisions on companies set up in Abu Dhabi and grow your business in this thriving metropolis.