Abu Dhabi Airports Free Zone, ADAFZ, has reduced business setup costs by more than 65 percent, 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.
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.”
ADAFZ has waived payment of all new license fees during 2019 and 2020 for new company startups, both limited liability companies and branches.
Visit http://www.adafz.ae to know more.