Twofour54 Free Zone in Abu Dhabi
Twofour54 free zone is located in Abu Dhabi and serves media and entertainment companies in the area. This free zone is supported by the Government in order to become one of the largest media and entertainment hubs in the region.
Twofour54 is divided into two areas, one in Khalifa Park, where all corporate offices are located, and other next to the National Theater, where production sets and post-production facilities are located. Companies established in the Twofour54 free zone can obtain different media licenses among which television, radio, film and publishing licenses. In order to start a business in Twofour54 free zone, foreign investors must address the Media Zone Authority (MZA) in Abu Dhabi.
Opening a Company in Twofour54 free zone
Foreign enterprises seeking an advantageous location to establish a Company in will be interested to know that opening a business in Twofour54 free zone is quite simple. The first step to set up a business in this free zone is to select one of the types of structures available for registration:
- Free zone limited liability companies
- Branch offices
Freelancers may also apply for a license which will grant them the right to operate as a freelance media professional. Additionally, the Media Zone Authority issues a special license to foreign enterprisers who want to start a digital content creation and audio/video production Company.
Why start a business in Twofour54 free zone?
Registering a Company in Twofour54 free zone in Abu Dhabi offers many advantages to foreign businessmen. Among these, there are financial benefits such as:
- Full foreign ownership and no taxes on corporate income and repatriation of profits,
- No taxes on imports,
- No taxes on personal incomes,
- 30% cash allowance for international film and TV productions.
Foreign investors will also benefit from one-stop shop for Company registration and business licensing with the Media Zone Authority. Additionally, companies operating in Twofour54 free zone and employing foreign citizens are not required to deposit a security fee when applying for the work visa.
Our specialists in Company incorporation in Dubai will help you set up a business in Twofour54 free zone and will guide you through the business licensing procedure.