Masdar City Free Zone
Masdar City Free Zone is Abu Dhabi’s multi-phased renewable energy project with a mission to invest, incubate and establish a commercially feasible new-energy industry and cleantech hub in Abu Dhabi as well as around the globe. Masdar City is located near Abu Dhabi International Airport and it is emerging as a global hub for the promotion, marketing, sale, servicing and demonstration of renewable energy and sustainable technologies, as well as exploration and development, and investment in renewable energy.
Masdar City plays a very crucial role in encompassing Abu Dhabi’s leadership in sustainable environment and energy beyond hydrocarbons. The Masdar City services as a bridge between today’s fossil-fuel economy and the economy based on sustainability of the future. Masdar City is clean-tech centre and the first project of its kind in the world. It will be the most sustainable cnetre in the world. Masdar City is home to the Masdar Institute of Science and Technology and the International Renewable Energy Agency (IRENA).
As a business centre, Masdar City offers an environment that encourages innovation, offers business development opportunities, provides a lab and test facilities for new technologies, inspires knowledge sharing between likeminded professionals and serves as a magnet for excellent cleantech talent. Moreover, some of the most progressive laboratories in the world are placed at the Masdar Institute, and the existence of such graduate-level research institute provides opportunities to experiment new technologies and ideas. The institute, the world’s first graduate university focused on renewable energy and cleantech, provides a steady stream of some of the best graduates anywhere in the sector.
Masdar City is set to be home to numerous globally renowned companies in cleantech. Such companies include some of Fortune 500 multinationals and the most cutting-edge technology firms. MENA and Asian regions as fast-growing markets are in need of sustainable technology and renewable-energy products and services, driven by strong economic and demographic growth and as well as flexible and supportive regulatory environments and commitments on government levels to sustainable future.
As a free zone, Masdar City offers benefits such as 100% foreign company ownership without the need for a local sponsor or partner. At the same time, company setup process is hassle-free and straight forward.
At Masdar City, companies can:
Facilities and Features:
There are many facilities and features the Masdar City offers to its members, including:
Free Economic Zone Benefits:
Masdar City is developed as a Free Economic Zone and offers all the benefits that any other Free Zone in the UAE offers. Though Masdar City’s is focused on clean technology and development of renewable energy and sustainable economy.
As a Free Zone, Masdar City offers following benefits:
Areas of Focus
Investors or corporations looking to establish a presence in Masdar City should identify in which specific sector(s) they will operate:
Types of Company Legal Structures
There three types of company legal structures that one can select to incorporate:
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.