What is twofour54?
What is twofour54?
Twofour54 Abu Dhabi – subsidiary of Media Zone Authority – Abu Dhabi (MZA), is a media free zone established in 2008 to provide a business hub for local, regional and international media companies; start-ups and media professionals. As of May 2017, twofour54 encompasses 450 companies operating in the creative industries including international brands such as the CNN, Sky News Arabia and Cartoon Network Studios. It also has a talent pool of nearly 4,000 professionals including over 600 freelancers.
Media Zone Authority – Abu Dhabi (MZA) approves the establishment and registration of companies in the media free zone and regulates all related procedures and matters.
Key Pillars in twofour54:
Twofour54 delivers its advanced solid infrastructure through three key pillars: twofour54 Tadreeb (the training academy), twofour54 Ibtikar (innovation and support) and twofour54 Intaj (state-of-the-art production facilities) supported by business enabler twofour54 Tawasol (one-stop-shop).
Types of set-up available in twofour54:
- Free Zone Limited Liability Company (FZ-LLC)
A FZ-LLC is an independent legal entity, with individual shareholder(s), corporate shareholders or a mixture of both individual and corporate shareholders.
- Freelancers (for individuals only)
The Freelancer Licensing offers individuals the ability to operate as a freelance media professional (sole proprietor) within the twofour54 media & entertainment hub.
A Branch is a representation of an existing UAE-based or foreign company incorporated in another jurisdiction or free zone.
This option is only offered to content creation entrepreneurial start-ups which are in the business of digital content creation (mobile, online, device content) and A/V content production for TV, web and cinema.
Licensing Segments in twofour54:
- Professional/ Service
As it is imperative to first seek professional advice and guidance if you are considering establishing a company in twofour54 Media Free Zone, appointing a company formation specialist such as PRO Partner Group will remove the complexity of setting up your business, ensuring that the process is handled correctly to save time and resources.
Patricia Tan is the Client Relationship Executive – Free Zone specialist at PRO Partner Group. For further information about setting up a business in the UAE please contact Patricia on firstname.lastname@example.org or call a member of the team on: +971 (0)4 456 1761 (Dubai) +971 (0) 2 448 5120 (Abu Dhabi) www.propartnergroup.com