Business Setup in Masdar City Free Zone – Incepted in 2006, Masdar City Free Zone is well-acclaimed as one of the most sustainable eco-development in the world. Masdar City Free Zone is focusing on renewable energy and sustainable technology industries. This strategic initiative to push non-conventional energy and related technology is guided by “The Abu Dhabi Economic Vision 2030” – a program to diversify the income stream of the emirate and to build a knowledge based economy.
Just in decade of operation, Masdar City Free Zone gained a lot of recognitions as one of the most exciting eco-developments. Masdar City Free Zone has been recognized by fDi Magazine of Financial Times as the “2016 Best Free Zone for R&D Partnerships and one of the Best Middle East Free Zones for Start Ups and Large Companies.” (Source: fDi Intelligence)
Masdar City Free Zone is located near to Abu Dhabi International Airport and 17 KM far from downtown (Abu Dhabi). The free zone is owned by Mubadala Development Company – a 100% Abu Dhabi Government-Owned entity. Masdar City Free Zone plays a significant role in materializing the vision of advancing the development, commercialization and deployment of renewable energy and clean technologies. In a few years, the Free Zone emerged as a clean energy cluster that catapulted the regions clean-tech industries to the growth orbit.
The exceptional infrastructure facilities, presence of a full-fledged clean energy industry value chain, business friendly environment and simple incorporation procedures make Masdar City Free Zone an attractive destination for setting up your renewable energy and clean technology business.
Benefits offered by Masdar City Free Zone
100% foreign ownership.
Full exemption from corporate tax and personal income taxes
Exemption from export and import duties
No restriction on capital and profit repatriation
Cost effective licensing and office packages
Presence of R&D Hub in partnership with Masdar Institute
Access to critical knowledge pool and talent
Access to local, regional and international markets
Facilities available in Masdar City Free Zone for Business Setup
Land – can be leased the for a period of 99 years to develop commercial, residential, school, shopping mall, and hotel projects.
Design-Construct-Lease (DCL) - investors can sign a long term lease with Masdar to design, develop and deliver a building that satisfies the specific requirements of their business.
Business Center – a wide range of “plug and play” offices are available for lease.
Office / Retail space (Shell & Core) – investors can lease the shell & core office or retail space and carry out the fit-out works that suit their operational requirements.
Types of companies (legal forms) permitted in Masdar City Free Zone
A Free Zone Limited Liability Company (FZ-LLC) with corporate and/or individual shareholders
A Branch of a foreign or offshore company
A Branch of a UAE-based company (including companies incorporated in other UAE Free Zones)
Business categories which are permitted in Masdar City Free Zone
The Free Zone issues license to a wide range of business activities. Following list includes the licensing segments in Masdar City:
Clean Tech & ICT
Marketing and Events
Human Resources Development
Property Development Services
Regional Head Quarters, Trading and Holding Companies
Business Centre and Data Centres
Community Services (Retail, Food and Beverage outlets) Oil and Gas Services
You may also be interested in the following related articles:
Mr. Baiju Masoodu is a Free Zone Business Setup Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Masdar City Free Zone and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: firstname.lastname@example.org