Masdar City is a hub for sustainability and innovation in Abu Dhabi. As a sustainable free zone, it is ideal for businesses looking to establish themselves in an environment-friendly area. The Masdar City Free Zone is home to many startups and large firms specialising in the clean-tech and renewable energy sectors. It also supports a range of business activities, including life sciences, energy, artificial intelligence (AI), and smart mobility.
If you are considering setting up a company in one of the Abu Dhabi free zones, obtaining the right business license is essential. This article will guide you through the process, requirements, and benefits of securing a Masdar free zone license for your business.
Why Choose Masdar City Free Zone?
Masdar City offers numerous advantages for entrepreneurs and businesses, making it an ideal location to start or expand operations. Here are some key benefits:
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Global Reach
The free zone is strategically located near major trade routes, an international airport, and other key business hubs. Businesses in this free zone can leverage easy access to both regional and international markets. This also gives businesses a competitive edge when it comes to connecting with suppliers, collaborating with global companies, and utilising skilled talent.
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Advanced and Sustainable Infrastructure
Masdar City is home to sustainable infrastructure. It provides a business with eco-friendly office space that aligns with environmental standards set by the government. With sustainable infrastructure, including Leadership in Energy and Environmental Design (LEED) buildings, the free zone is revolutionising the sustainable ecosystem in the UAE.
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Accelerator Programmes for Startups
Masdar City’s incubation and accelerator programmes encourage innovation, collaboration, and success. These programmes provide entrepreneurs with mentorship, networking, and access to funding opportunities.
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Corporate Tax Exemption
Companies in Masdar City get corporate tax exemptions. It makes the free zone a financially attractive option.
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Easy Business Setup
Masdar City’s free zone has a ‘One-stop-Shop Services’ option, which makes the licensing and registration process smooth, with minimal bureaucracy and fast-tracked approvals.
Steps to Obtain a Masdar City Free Zone License
Getting a business license in Masdar City is a straightforward process involving a few essential steps:
Step 1: Choose the Right Business Activity
Find the business activity that defines the company. Masdar City Free Zone offers the following business activities to choose from:
- Clean technology
- Renewable energy
- Environmental consultancy
- IT and software development
- Marketing and media
- Smart mobility and life sciences
Choose the right Masdar free zone license based on the chosen business activity, ensuring that it aligns with your operations.
Step 2: Choose a Legal Structure
You can choose from the following legal structures in Masdar City:
- A Limited Liability Company (LLC)
- Branch of a foreign or offshore company
- Branch of a UAE-based company
You can choose the legal structure that best suits your business and ownership requirements.
Step 3: Reserve the Trade Name
You can access Masdar City’s e-services portal to propose a company name and make an initial online payment for name reservation. The Masar City authorities will review your information and offer approval for trade name registration from the Abu Dhabi Department of Economic Development.
Step 4: Get the Contractual Agreements
Access the e-services platform to submit required information and documents to get the contractual agreements. Based on the information, the Masdar City authorities will issue the company’s legal documents through the system. The documents include copies of board resolution, Memorandum of Association (MoA), and Articles of Association (AoA).
Step 5: Choose Office Space
Offering everything from virtual offices to private studios, the Masdar City Free Zone provides sustainable solutions for office space. Selecting the right workspace ensures compliance with licensing requirements and also enhances business credibility.
Step 6: Pay Fees
In the next step, Masdar City free zone’s One-Stop-Shop will help you sign the legal documentation and finalise the lease process and make the payment of the requisite fees.
Step 7: Get the License
Once all the paperwork and payments are completed, the relevant free zone authorities will issue your license and certificate of incorporation. These documents will be available on the e-services platform.
Partner with Commitbiz
Masdar City offers a seamless registration process and a host of business incentives. It is the best free zone for companies looking to establish their presence in the Abu Dhabi market. If you are considering business setup in Abu Dhabi, Masdar City Free Zone offers an excellent platform for success.
You can reach out to Commitbiz, a corporate service provider that specialises in offering services for seamless business setup in Dubai, UAE, and the broader Middle East region. Contact us today to begin your journey and unlock the benefits of operating in one of the world’s most sustainable economic zones.
Source: FG Newswire