“Free Abu Dhabi Airports” reduces company incorporation fees by 65%

13-03-2019 Media in\ Abu Dhabi
The Abu Dhabi Airport Free Zone (ADEC) has announced a 65% reduction in company incorporation fees in a move to enhance and improve customer satisfaction that contributes to regional competitiveness, attracting foreign direct investment and supporting Abu Dhabi Government efforts to enhance the competitive environment.
The move includes the reduction of all license fees for new companies, as well as free zone access for the free zone and its customers from real estate registration “documentation” and the exclusion of VAT in specific areas of the property of its customers.
At the same time, Abu Dhabi Airport Free Zone is developing its operations and procedures to reduce the time required for registration, allowing customers to start their business at minimal cost and on time.
“This is a step towards reducing costs and time as part of the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, aimed at enhancing Abu Dhabi’s economic competitiveness through a number of initiatives, procedures and benefits,” said Brian Thompson, Chief Executive Officer of Abu Dhabi Airports. Which will encourage institutions and companies to establish a presence in Abu Dhabi to ensure sustainable growth in all economic sectors and establish the emirate’s position on the global economic map. ”
“The reduction in the cost of establishing companies and the exemption from real estate registration has been documented through a comprehensive comparison of the assessment of FTA services, their cost and business environment, and ensuring that they meet the needs and needs of existing investors,” said Rowan Michael Kelly, Senior Vice President, Abu Dhabi Airport Free Zone. And new investors competing in the Abu Dhabi Airport Free Zone. ”
“The Free Zone offers exceptional services that take into account the economic climate, providing customers with easier ways to establish a presence in order to enhance their business growth and contribute to the prosperity of the Emirate of Abu Dhabi in order to promote local economic growth and support the sustainability of FDI while increasing its contribution. In the gross domestic product of Abu Dhabi. ”
The Abu Dhabi Airport Free Zone has reduced the license fees for all new companies, both limited liability companies and corporate branches, in 2019 and 2020.