Masdar City, a global hub for clean technologies and renewable energy, is a 6 sq. km free zone located beside Abu Dhabi International Airport. It was established in 2006 with the aim of fostering sustainable economic development and related research. Masdar City offers a business-friendly atmosphere for companies looking to venture into the field of clean technology, while providing all the benefits typically associated with a free zone.
Benefits of Setting Up a Company in Masdar City Free Zone
Masdar City is both a creator of and a market for technology products in sustainable development. It makes for an excellent testing ground for pioneering technologies. The advantages of setting up a company in Masdar City are:
- Provision of 100% foreign ownership
- No restriction on the repatriation of capital or profits
- Full exemption from income and corporate taxes
- No currency restrictions
- No import tariffs
- State-of-the-art infrastructure with a highly progressive and research-oriented environment
Masdar City – Legal Entities
A corporate or individual entity may register one’s company in Masdar City through one of the following legal entity types:
- Free Zone Establishment (for a company with a single shareholder)
- Free Zone Company (for a company with 2-5 shareholders)
- Branch Office of a Foreign Company (where the applicant is a foreign national)
- Branch Office of a Local Company (where the applicant is a UAE national)
Setting Up a Business in Masdar City Free Zone
For setting up a company in Masdar City, the following steps are to be undertaken:
- Determining the legal business structure suitable to one’s business, based on the type of activity to be performed
- Consulting with a local attorney to become aware of one’s rights and duties on registering an organization in Masdar City
- Opening a bank account for the company in a local bank
- Rounding up the legal documentation and company registration
Should you think of opening a business in Masdar City, Business Setup Worldwide is at your disposal from the very beginning. We have it all covered for you, be it the business plan or the legal documentation formalities. Our team of experts are there to make sure you get the ideal environment for setting up your business.
Your business vision and objectives are at the centre of what we do. Extensive domain know-how, regional knowledge, cutting-edge infrastructure, client-centric systems and operational transparency are the hallmarks of the company formation process at Business Setup Worldwide, and we strive to provide the most congruous business solution for your needs.