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

Quarantine measures threaten aviation restart in Middle East

The International Air Transport Association (IATA) urged governments in the Middle Africa and the Middle East (AME) to implement alternatives to quarantine on arrival that would allow economies to re-start while avoiding the

Etihad supports the UAE’s humanitarian aid missions

Etihad Airways, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations.

Emirates delivers on customer promise

In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers.

Qatar Airways reinstates 11 destinations

Qatar Airways is continuing to work closely with governments around the world to resume commercial flights in line with entry restrictions.

Marhaba reopens popular airport lounges at DXB

Marhaba, Dnata's airport hospitality brand, has reopened two of its popular airport lounges at Dubai International's (DXB) Terminal 2 and Terminal 3 (Concourse "B") with enhanced safety measures.

UAE firm in bid to buy Jet Airways

UAE-based Imperial Capital Investments is bidding to buy India’s failed airline, Jet Airways. It is one of four companies to have been shortlisted .

See us at
SaudiAirshow21BT2011180221MAPS2020 BT1102171120