Situated in the Emirate of Abu Dhabi, Masdar City is a significant development. It is an innovative, environmentally friendly urban community that represents sustainability. The Masdar City free zone located in Abu Dhabi is among the free zones that have implemented strong tactics to attract foreign investors to register business in the UAE.
Cost-effective business setup packages have been introduced by the free zone to combat competition from mainland licensing authorities.
ADVANTAGES OF CHOOSING MASDAR CITY FREE ZONE FOR COMPANY FORMATION
COST-EFFECTIVE BUSINESS LICENSE PACKAGES
Due to a variety of company formation packages, businesses of all sizes can easily afford the cost of business setup in Masdar City. The launch of low-cost business setup packages by Masdar City caused investors to rush to the free zone. The “Package A” business license offered by the Masdar City free zone is its main attraction; it can be purchased for as little as AED 1000. Although there is a zero visa option included in the package, entrepreneurs can select up to two activities.
Additionally, the free zone offers a package called the Women Entrepreneurship Program that gives businesswomen an affordable way to form a company in Masdar City.
The cost of licensing the Women Entrepreneurship package is AED 6,000. With four activities and one visa, it is among the most affordable free zone licenses available in the United Arab Emirates.
AFFORDABLE BUSINESS & LEASING OPTIONS IN MASDAR CITY
Affordable Business & Rental Choices in Masdar City
Establishing a business in a free zone requires flexible office spaces and excellent amenities for foreign investors. World-class facilities and office spaces are available for companies of all sizes in the Masdar City free zone. Developers, investors, and occupiers can lease the modern infrastructure in the Masdar City free zone as per their business needs.
A variety of leasing options are available in the Masdar City free zone, including purchasing or renting development plots to create adaptable office and retail spaces. Using Abu Dhabi’s custom business setup services can simplify the leasing process. The best locations in Masdar City for forming a company are listed below:
- Bespoke Office Spaces
- Sizable Plots of Land
- Build-to-Suit Spaces
EASY BUSINESS SETUP PROCESS
Masdar City company incorporation is a simple process that can be completed without worrying about obtaining government approvals. If the applicants submit all required documents, the process can be finished in a few days.
MASDAR CITY TO HOST FIRST SPACE HUB
On January 20, 2022, the UAE Space Agency and Masdar City signed a contract to establish a Space Tech Hub, which will support entrepreneurship and research and development in the space industry. Benefits offered to Space Tech companies in Masdar City include office space, networking opportunities, mentorship, incubation, priority access to government contracts, and closer collaboration with top international research centers. In the future, businesses in the Masdar City free zone may benefit from being close to the Space Tech Hub.
ACCESS TO SKILLED WORKFORCE
Masdar City Free Zone offers access to a highly educated and skilled workforce due to its proximity to prestigious universities, research centers, and a multicultural talent pool.
Businesses located in the Masdar City Free Zone are eligible for up to 50 years of tax exemptions, which is a monetary benefit that may significantly boost your bottom line.
WIDE RANGE OF BUSINESS ACTIVITIES IN MASDAR CITY
A Broad Variety of Business Pursuits in Masdar City
Given the variety of business activities available in the free zone, foreign investors in Masdar City don’t need to worry about selecting a license. Because this is the most important part of setting up a business in the United Arab Emirates, foreign investors must choose their activity carefully. A business setup consultant in Abu Dhabi should be consulted if the incorrect activity is chosen as this could harm the plan. Some of the well-liked industry sectors for which Masdar City accepts license applications are listed below:
- Renewable Energy
- Clean Tech and ICT
- Marketing and Events
- Human Resources
- Service Providers
- Property Development Services
- Regional HQ, trading and holding companies
- Business Centre and Data Centres
- Oil and Gas Services
- Retail, Food and Beverage
- Energy Industry
- Healthcare Services
Masdar City is a center for green innovation, offering your company’s operations an environmentally friendly and sustainable backdrop. This is an excellent option for businesses hoping to have a positive impact in the future because it fits in well with current global environmental trends and concerns.
Reach out to us at Relin Consultants – Leading Global Business Set Up Partners for further assistance with your Masdar City Free Zone Company Formation.
What tax advantages are provided by establishing a business in the Masdar City Free Zone?
For a maximum of 50 years, businesses located in the Masdar City Free Zone are exempt from taxes, offering a substantial financial benefit.
Which major business activities are permitted in the Masdar City Free Zone?
The Masdar City Free Zone supports a variety of commercial activities, such as those in the fields of technology, renewable energy, and education, among many others.
Is it possible for me to own my business completely in the Masdar City Free Zone?
Yes, Masdar City Free Zone allows you to fully own your business without requiring a local partner, in contrast to certain other free zones in the United Arab Emirates.
How long does it take to get a business license for the Masdar City Free Zone?
The time it takes to issue a license can vary, but it can go quite quickly if the proper paperwork is submitted and regulations are followed.