Masdar City, located in Abu Dhabi, UAE, is a hub for innovation and sustainability, offering foreign investors and entrepreneurs a prime opportunity to establish their businesses. As a leading business setup consultancy, Unicorn Global Solutions is here to guide you through the process of company formation in Masdar City. This article outlines the types of businesses allowed, benefits, and process of setting up a company in this free zone.
Types of Legal Entities in Masdar City
1. Free Zone Limited Liability Company (FZ LLC):
- Minimum of two shareholders required (individuals or corporate entities).
- Ideal for businesses seeking 100% ownership and flexibility.
2. Branch of a Foreign Company:
- Easiest route for foreign companies to establish their presence in the Middle East.
- Activities must match the parent company.
3.Branch of a UAE Company:
- UAE-based companies can expand their operations by setting up a branch in Masdar City.
- Branch offices can perform activities aligned with the parent company.
Popular Business Activities in Masdar City
Masdar City offers a wide array of business activities focused on sustainability and innovation. Some of the key segments include:
- Renewable Energy: Solar, wind, and other sustainable energy solutions.
- Clean Technology: Eco-friendly products and services.
- Healthcare and Biotechnology: Medical research and healthcare innovations.
- Water and Energy Efficiency: Waste reduction and resource optimization.
- Sustainable Development: Green infrastructure and environment-friendly projects.
- Research and Development (R&D): Labs and innovation centers.
- Education and Training: Institutions focused on clean energy and sustainability.
- Information Technology (IT): Data centers and IT services.
- Retail and Food & Beverage: Modern retail spaces and food establishments.
Business Setup Packages in Masdar City
Masdar City offers cost-effective licensing packages to suit businesses of all sizes:
1. Package A:
- Cost: AED 1,000
- Includes two business activities and zero visas.
2.Package B:
- Cost: AED 7,000
- Allows up to four activities and one visa.
3.Package C:
- Cost: AED 12,000
- Permits five activities and two visas.
4.Women Entrepreneurship Program:
- Cost: AED 6,000
- Designed for women entrepreneurs, includes up to four activities and one visa.
Process of Business Setup in Masdar City
Setting up a business in Masdar City involves a few straightforward steps:
- Select a business activity.
- Determine a legal structure.
- Propose a company name.
- Submit mandatory documents.
- Sign the leasing agreement.
- Receive a trade license and access to facilities.
- Apply for visas.
- Open a corporate bank account.
Benefits of Setting Up a Business in Masdar City
Masdar City offers numerous advantages for businesses:
- 100% foreign ownership
- Zero corporate and personal income taxes
- Full repatriation of capital and profits
- Strategic location near Abu Dhabi International Airport
- Access to cutting-edge infrastructure and R&D hubs
- No import duties
- Cost-effective licensing and office spaces
Compliance Requirements
Businesses operating in Masdar City must adhere to:
- Economic Substance Regulations (ESR): Ensuring business operations align with UAE requirements.
- Ultimate Beneficial Ownership (UBO): Transparency in ownership.
- Anti-Money Laundering (AML-CFT): Compliance with anti-financial crime regulations.
Unicorn Global Solutions ensures all compliance requirements are met to avoid penalties and maintain smooth operations.
Why Choose Unicorn Global Solutions?
At Unicorn Global Solutions, we specialize in providing comprehensive business setup services in Abu Dhabi, including:
- Company registration and licensing
- Visa processing and immigration clearance
- Bank account opening
- VAT and ESR compliance
With 4 years of experience, our team of experts helps you navigate the complexities of UAE laws, ensuring a hassle-free setup process.
Take the First Step with Unicorn Global Solutions
Masdar City offers unparalleled opportunities for businesses to thrive in a sustainable and innovative environment. Let Unicorn Global Solutions help you establish your presence in this prestigious free zone. Contact us today to get started!
Frequently Asked Questions (FAQs)
- The cost varies depending on the package chosen, starting as low as AED 1,000. Custom packages are available to suit different business needs.
- Yes, Masdar City allows 100% foreign ownership for businesses established in the free zone.
- Activities range from renewable energy and clean technology to healthcare, IT, and sustainable development.
The setup process is straightforward and can typically be completed in a few weeks with the right documentation.
- Consultants like Unicorn Global Solutions streamline the process, ensuring compliance with UAE laws and reducing setup time.
Need assistance with your UAE visa application? Unicorn Global Solutions is here to help! Text us on whatsApp or call us today .
