Masdar Free Zone was established in 2006 to attract companies and organizations operating in the renewable energy, clean technology, and sustainable development sectors. It offers a range of incentives and benefits to promote business growth and innovation in these industries. Masdar City Free Zone is widely recognized as one of the world’s most exhilarating eco-developments. It is also a Free Zone located near Abu Dhabi International Airport and 17km from downtown Abu Dhabi.
Company Set Up Options in Masdar Free Zone
Masdar Free Zone offers several company setup options to cater to different business needs and requirements. 100% foreign ownership is permitted in Masdar Free Zone. Company formation in Masdar City in Abu Dhabi has the following main types of entities that can be established:
- Free Zone Limited Liability Company (FZ-LLC): This is the most common type of entity formed in Masdar Free Zone. It allows individuals or corporate entities to set up a limited liability company with a single shareholder or multiple shareholders. FZ-LLCs can engage in various business activities within the free zone.
- Branch Office: Companies already established outside the UAE can establish a branch office in Masdar Free Zone. A branch office is an extension of the parent company and operates under its identity. It is not considered a separate legal entity and must engage in activities that are similar or complementary to those of the parent company.
- Representative Office: A representative office is a non-trading entity that allows foreign companies to have a presence in Masdar Free Zone for marketing, market research, and promoting their products or services. Representative offices cannot engage in commercial activities or generate revenue.
- Freelancer/Entrepreneur: Masdar Free Zone provides options for individual freelancers and entrepreneurs to set up their business. This option is suitable for individuals who provide professional services and operate as a sole proprietor.
Masdar city companies estimated incorporation timelines is between 2-3 weeks.
Types of Masdar City Licenses
The business licenses available in Masdar Freezone in Abu Dhabi include:
- Commercial/Trading
- General Trading
- Industrial
Office requirements in Masdar City
As a requirement by Masdar Free Zone Authority, commercial licenses are subject to leasing a facility/ space within Masdar City.
- Physical Offices (fitted and shell & cores)
- Build to suit spaces i.e. warehouse, big offices, etc.
- Retail Spaces
- Land
Why set up in Masdar Free Zone?
- Tax Benefits: Companies operating in Masdar Free Zone are exempt from corporate taxes and are not subject to import or export duties within the zone.
- Licensing and Registration: The free zone provides a streamlined process for company registration, licensing, and permits, making it easier for businesses to establish their operations.
- Infrastructure and Facilities: Masdar Free Zone offers state-of-the-art infrastructure, including office spaces, laboratories, research facilities, and shared services. It also provides access to advanced technology and research centers.
- Networking and Collaboration: The free zone fosters a collaborative environment, encouraging networking and knowledge-sharing among businesses and organizations operating in the renewable energy and clean technology sectors.
- Sustainability Focus: Masdar Free Zone aligns with the broader sustainability goals of Masdar City by encouraging environmentally friendly practices and providing access to renewable energy sources.