Named after the geographical co-ordinates of Abu Dhabi (24° North, 54° East), twofour54 offers competitive economic benefits for companies such as simple
licensing and business set-up services, and 100% company ownership in a stable environment.
One of the fastest-growing economies in the world, Abu Dhabi is the hot spot for creative industries. Its central location between Asia and Europe with direct flights to all major cities make it easily accessible and the ideal location
for business.
The purpose of twofour54 Freezone is to improve Arabic media and entertainment for Arabs and to make regionally Abu Dhabi Media Zone as center of perfection in all fields of media and entertainment like movie, music,
broadcast, digital media, gaming, publishing and events.
Some of the biggest names in the industry already call twofour54 Free Zone their home. It attracts businessmen and investors with its benefits that range from 100% ownership, easy setup, to stable environment.
Free Zone Limited Liability Company (FZ-LLC) – An FZ-LLC is an independent legal entity that allows for individual shareholders/corporate shareholders or a mixture of both.
Branch – A Branch Company is a legally dependent part of a foreign company or existing free zone entity, which must therefore follow the business activity/licence of its parent company.
Sole Proprietor (Freelancer) – This low cost licensing option allows an individual to work in his/her personal capacity as a freelance media professional within the Free Zone. Individuals may take the licence for
either six or 12-month periods.
Start-Up – This unique scheme allows individual entrepreneurs and start-ups to accelerate their growth whilst minimising costs. Companies can obtain a licence within the Free Zone without the need to rent a physical
office.
The companies established in Dubai Free Zones are governed by the rules of the respective free zones. To get the necessary approvals, you need to apply with the documents. The list of documents depends on the type of business activity,
the type of company and the requirements of the free zone authority.
Just like any other free zone, the company registration procedure in twofour54 is simple and straight-forward. The steps include:
- Submitting the Business Form
- Approval of Proposed Name & Activity
- Submitting the first installment of Security Deposit
- Completing Legal & Regulatory Signature with MZA
- Issuance of License
- Mobile
- Gaming/Animation
- Production
- TV/Film
- Online Publishing
- Advice and consultancy - what corporate structure best suits your current and future plans;
- Draft documents, assemble files and manage submissions, translations and legalisations;
- Visa and work permit processing with Emirates ID;
- Partnership options for Professional, Branch Office and UAE Offshore Company;
- Seek approvals from Economic Department, Ministries, Department of Planning and Civil Defence;
- Set up Company Bank Accounts.
Ready to set up your business with twofour54?
Our business advisors have been setting up new businesses in Twofour54 for years and know all the ins and outs.
Business setup in UAE is not an easy task and therefore it is advised to have assistance from business experts who will guide you through every part of the application, ultimately ensuring the entire process requires
little more than few hours of your time.
Our team of experts is ready to get your company established in an efficient and timely manner. We are always open for your comments and suggestions that may help us serve you in a better way.
We look forward to doing business with you!