Subscribe Free
in Airports

Abu Dhabi Airports Free Zone reduces business setup fees by more than 65%

Posted 13 March 2019 · Add Comment

Abu Dhabi Airports Free Zone (ADAFZ) has reduced business setup costs by more than 65%, with the aim of improving customer satisfaction, enhancing its regional competitiveness and attracting new sources of Foreign Direct Investment (FDI).

 

The business setup cost reduction also supports the government of Abu Dhabi’s latest initiatives aimed at strengthening the competitive business environment of the Emirate of Abu Dhabi.

In addition to waiving all license fees for new companies, ADAFZ has received a Tawtheeq registration exemption as well as an exclusion of VAT in designated zones across its properties for its customers. It is equally enhancing its processes to reduce the registration time, enabling clients to set up at its facilities at minimal time and cost.

Bryan Thompson, chief executive officer of Abu Dhabi Airports, said: “This new approach of reducing cost and time falls in line with the directions of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi to boost Abu Dhabi’s economic competitiveness. This is being done through a number of initiatives and incentives that aim to attract businesses and institutions to establish themselves in the Emirate, ensuring sustainable growth across all economic sectors and strengthening Abu Dhabi’s status on the world economic stage."

Rowan Michael Kelly, senior vice president of Abu Dhabi Airports Free Zone, said: “This reduction in setup costs and exemption from Tawtheeq registration were agreed upon following comprehensive benchmarking evaluating the free zone's services, costs and the business environment. This allows us to ensure ADAFZ meets our existing customer requirements and those of new foreign investors more competitively. We are offering special services that take into account the economic climate and allow new customers to establish themselves in the Emirate more easily in order to support business growth and prosperity. Our ultimate goal is to drive local economic development and support the sustainability of FDI, accelerating and increasing the contribution to Abu Dhabi’s GDP."

* required field

Post a comment

Other Stories
Advertisement
Latest News

UAE Space Agency announces details of 813 satellite

The UAE Space Agency has announced details of the new 813 satellite, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, as a gift from the UAE to the Arab

Oman Air ranks first in Heathrow Airport’s ‘Fly Quiet and Green’ Q4 2018 league table

Oman Air has been recognised as the cleanest and quietest carrier in contributing to the reduction of the noise footprint at UK’s Heathrow Airport, as per the Fly Quiet and Green chart published by LHR airport authorities.

Etihad Airways and Elenium to showcase voice activated self-service kiosk

Etihad Airways and Elenium, a provider of automation technology solutions, will together demonstrate how a newly developed voice activated self-service kiosk, bag drop and boarding gate facility will revolutionise the travel

Turkish Airlines becomes first airline to use new insurance-backed aircraft financing product

Turkish Airlines has become the first airline to use the brand new insurance-backed aircraft financing product “Balthazar” combined with French lease, with the financing of its A321 NEO aircraft arranged by BNP Paribas.

EgyptAir adds Washington D.C to its network

EgyptAir will operate three weekly direct flights to Washington (Dulles international airport) with its Boeing 787-9 aircraft.

Gulf Air and Etihad Airways sign codeshare

Gulf Air and Etihad Airways have signed a codeshare partnership for travel commencing with the summer schedule.

ACCA19_SK0201080919
See us at
Connect MEIA BT1402010519ACCA19_BT2141218280219