Khalifa Industrial Zone Abu Dhabi (KIZAD)
Khalifa Industrial Zone Abu Dhabi (KIZAD) is multi-billion dollar industrial park located in Abu Dhabi and adjacent to Khalifa Port. It is located on a 417 sq km greenfield site. KIZAD was initiated in 2010 by Abu Dhabi Ports Operating Company and started operations in September 2012. KIZAD is part of Abu Dhabi Government’s plan to attain economic diversification by 2030. By 2030, Kizad is projected to contribute up to 15 percent of the emirate's non-oil GDP.
KIZAD is strategically positioned between Abu Dhabi and Dubai that gives investors smooth access to markets within the region and the world through road, sea and airports in these cities. For instance, KIZAD is located in the vicinity to three large international airports: Abu Dhabi International Airport, Al Maktoum International Airport and Dubai International Airport.
KIZAD offers a well-developed word class infrastructure, office facilities, industrial units, warehouses as well as roads, ports and rail networks that facilitate easy accessibility to and from the industrial zone.
Types of Companies in KIZAD
In KIZAD you have the choice of setting up your company either as a free zone company or a non-free zone company, depending on your business objectives.
Companies registered as free zone entity enjoy tax-free environment, 100% foreign ownership, exemption from customs duties for importing into and exporting from the zone. Free Zone Company is the best solution for export-oriented companies whose primary market is beyond the Gulf Cooperation Council (GCC) region. Companies established within KIZAD free zone area are governed by the rules and regulations of the Abu Dhabi Free Zone Authority (ADFZA).
Non-free zone entity is an ideal solution for manufacturing businesses whose primary market is within the Gulf Cooperation Council as those products manufactured in the Non Free Zone can be exported to all Gulf Cooperation Council countries without any customs duties. However, as per the laws, such products will be required to have a minimum of 40% value addition to benefit from such exemption. In addition, up to 49% of shares of a non-free zone entity can be foreign owned. Companies established outside the free zone area are subject to the general rules and regulations stipulated in the Commercial Companies Law (CCL) and the laws applicable to the mainland companies in the emirate of Abu Dhabi.
Our Expertise
At Mimo Legal Consulting we have the expertise you need to setup your business in the UAE. We will help you to choose the right legal structure and license based on your requirements and business objectives. We also assist you in opening your bank account and acquiring residency visas in the UAE. If you are interested in setting up your business in the UAE, please contact us for further information.
