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Abu Dhabi Free Zones: These are designated areas where foreign investors can establish businesses with full ownership and enjoy tax exemptions, customs duty benefits, and streamlined procedures. Some of the prominent free zones in Abu Dhabi include:
- Abu Dhabi Global Market (ADGM): This is an international financial center offering a wide range of financial and professional services. It operates as an independent jurisdiction with its own regulations and courts.
- Khalifa Industrial Zone Abu Dhabi (KIZAD): Focused on industrial and logistics activities, KIZAD provides state-of-the-art infrastructure and business support services.
- Masdar City Free Zone: Specializing in clean technology and renewable energy, Masdar City Free Zone promotes sustainable business practices and research in renewable energy.
- Abu Dhabi Global Market (ADGM): This is an international financial center offering a wide range of financial and professional services. It operates as an independent jurisdiction with its own regulations and courts.
- Mainland Abu Dhabi: Businesses established on the mainland operate under the jurisdiction of the UAE’s federal laws and regulations. They require a local sponsor (either an individual or a company) who holds at least 51% ownership in the company, while the foreign investor can hold up to 49% ownership. Mainland businesses have the advantage of being able to operate anywhere in Abu Dhabi, including government projects.
- Offshore Companies: Abu Dhabi also offers offshore company formation through jurisdictions like Abu Dhabi Global Market (ADGM) and Ras Al Khaimah (RAK) International Corporate Centre. Offshore companies provide tax optimization, privacy, and asset protection benefits. They are often used for holding assets, international trading, and wealth management purposes.
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