The Abu Dhabi Airport Free Zone (ADAFZ) was established by the Abu Dhabi Airports Company (ADAC) and ambitiously aims to finance its airport development programme, generating foreign investment.
Its creation marks a milestone in Abu Dhabi’s plans to establish itself as a dynamic business centre.
The Free Zone will take advantage of Abu Dhabi International Airport’s perfect geographical position on the crossroads between east and west, and the large-scale economic development of the Emirate.
While Abu Dhabi International is the capital’s primary airport for commercial airlines: Al Bateen Executive focuses on business jets and at Al Ain International, Adac and Mubadala Development are planning a cluster for aerospace manufacturing, training, maintenance and engineering.
Mubadala Development is a strategic investment company owned by the Abu Dhabi Government.
A company setting up outside the UAE’s Free Zones is required to enlist a local partner that has 51% ownership in the company. As a result, the seven emirates have sought to use Free Zones to stimulate foreign investment. The effort includes putting companies with similar activities in clusters.
While Dubai has dozens of free zones, Abu Dhabi has been more cautious in its approach, and ADAC is only the third entity in the capital to win Free-Zone approval.
ADAFZ owner, ADAC, was incorporated in March 2006 to spearhead a major redevelopment of the Emirate’s aviation infrastructure. ADAC’s creation was part of an ambitious restructuring initiative launched by the Government of Abu Dhabi, aimed at delivering better services to support the Emirate’s long-term economic and tourism strategies and to help build a more vibrant economy attracting and promoting private sector investment.
Abu Dhabi Airport Free Zone is a business and logistics park, which promotes business segments like Aviation, aerospace, logistics, cargo and freight, electronics, electrical, consultancy, computers, IT, Telecom etc.
ADAFZ provides three types of business licenses – trade license, service license & industrial license.
Abu Dhabi Airport Free Zone Advantages include:
• 100% foreign owned enterprise
• 100% repatriation of capital & profits
• 100% Corporate, Personal Income Tax exemptions
• Exemption of import & export taxes
• Fast and efficient cargo clearance services
• Onsite cargo inspection facility
• 24X7 with online customer support system
• Ready to use commercial offices
• Access to consumer markets of 5 billion people (Middle East, North Africa and Indian Subcontinent).
Benefits
The numerous benefits provided by the business park include congestion-free serviced facilities, enviable location within Abu Dhabi International Airport premises; fast and efficient cargo clearance services; easy access to international freight forwarders & logistics services; one-stop-shop solution for all investor-related services; and advanced ICT solutions.
To make things easier, there is also a single point of contact offered for all investors covering registration, licensing, leasing, employee services, business services, IT and telecommunication, utilities, plus of course the compliment of Free Zone offerings.
