Kizad or the Khalifa Industrial Zone was developed in November 2010 by Abu Dhabi Ports in Abu Dhabi. A Business Setup agent in Abu Dhabi can help you to successfully perform the Business Setup in Abu Dhabi Airports Free Zone or the Khalifa Industrial Zone. By hiring a Consultancy in Abu Dhabi, you can make the process of obtaining a trade license in Abu Dhabi and company formation in Abu Dhabi a hassle-free process. KIZAD free zone in Abu Dhabi was officially opened in September 2012. KIZAD free zone, strategically located halfway between Abu Dhabi and Dubai, occupies a 417 square-kilometer area. Khalifa Industrial Zone is divided into 2 parts, Area A and Area B. Area B is taken by commerce-based companies whereas, area A is focused on businessmen operating in the industrial sector. KIZAD gives freedom for both non-free zone-based companies and free zone-based companies. The free zone companies are registered under the regulations of the Abu Dhabi Free Zone Authority while the non-free zone-based companies come under the Abu Dhabi Companies Act.
☛• Low cost of utilities and leases
☛• 100% repatriation of business profits and capital
☛• Provision of 100% foreign ownership
☛• Pre-built office and warehouse facility
☛• Industrial synergy
☛• Hassle-free banking facility
☛• Great transport connectivity by air, sea, and land
☛• Availability of business parks
☛• A strategic location advantages
☛• Efficiency in business operations
☛• Complete exemption from customs duty on services and goods
☛• Speedy procedures of document screening
☛• provision of license and certificates
☛• Zero personal and corporate tax
• Service License – Activities like tourism services, warehousing services, marketing services, management consultancy, restaurant services, travel, and cargo/logistics services fall under the category of a service license.
• Trading / General Trading License – Companies that are involved in trading goods, importing, and exporting opt for a trading license in KIZAD
• Industrial License – The most common form of business license in KIZAD is the industrial license, which many companies avail. To import raw materials, machinery, assembling, packaging purposes, and exporting the finished and packed goods to other countries.
The business set up in KIZAD Abu Dhabi can benefit from no export tax and several customs exemptions on:
• Imported machinery or equipment for production
• Joint venture companies
• Imported raw materials
Work Station Packages – Eligible for 1/2/3/4 Visa & package includes registration, license (up to 5 activities), facility and establishment Card. Each workstation package cost details are given below.
*KIZAD clients are exempted from VAT and E-Channels security deposit (AED 5,000).
1. Determining Your Economic Activity
You need to determine your economic activity type under the regulations of the DED or Department of Economic Development for starting your company setup procedure in Abu Dhabi. This is adopted as an ‘International Standard Industrial Classification’ by the Department of Economic Development of Abu Dhabi issued by the United Nations.
2. Determining the Legal Form of the Company
Defining the right legal form for your company would be the second step. You need to determine your legal form for adjusting to the needs of your legal business requirements. The legal forms might vary from company to company basedon their business nature.
3. Registration of Business Name
registration of your business name would be the next step. One of the important steps before your initial approval is selecting an appropriate business name for your business entity. Your trade name cannot be concurrent with your business nature.
4. Initial Approval
The next step would be getting initial approval from the authorities after getting a certificate of the trade name. For practicing the economic activity, this is important.
5. Acquiring Approvals from Authorities
You need to get all the required approvals from all the concerned authorities after getting your initial approvals. Apart from that, one should fulfill all the terms and conditions. Some of the economic activities require approval only from the DED..
HELEN AND SONS assist our clients in penetrating this booming economy by taking care of all the immigration, legal, and banking formalities. Apart from that, it can handle your company formation process for you as well as ensure a hassle-free, safe, and low-cost company registration in KIZAD.