The UAE’s extremely conducive business environment has made it one of the best places to set up if you’re an entrepreneur. Between tax benefits, public and private entrepreneurial support, and modern infrastructures, business leaders have an ideal starter pack towards success.
All these are already irresistible advantages for any business owner, but the best part is how easily attainable they are. In certain jurisdictions like Masdar City Free Zone, setting up a business is as easy as 1-2-3.
In as quick as five days, entrepreneurs can get the business licenses needed to start a business at Masdar City Free Zone. This process happens online too, reducing the legwork and logistics required during a company’s early stages.
Step one involves accessing Masdar City Free Zone’s e-services portal, where business owners must enter the necessary information about their business. From there they’ll have to choose and reserve a business name. Like in any other UAE jurisdiction, the company name must comply with the country’s strict naming rules. No offensive or vulgar names are allowed, and neither are those with religious or political significance.
Once a name has been chosen and reserved, the next step is to submit all the required documents and information. A few standard documents that should be submitted are the Articles of Association, the Memorandum of Association, and valid IDs of the business owners. Additionally, it is also during this step where any lease options are discussed and chosen.
Finally, entrepreneurs will have to sign relevant legal documents, as well as finalize any lease agreements and payments. The business license and certificate of recognition will be released via the Masdar City Free Zone e-services portal once all three steps are done.
As it stands, the steps for forming a company in Masdar City Free Zone are already immensely favorable for entrepreneurs. But because business-friendliness is a key priority for the free zone, they’ve also come up with an exclusive offer to make entering the entrepreneurial world even more affordable and convenient. An all-inclusive package offered alongside Creative Zone allows entrepreneurs to start a Masdar City Free Zone company with as low as AED 3,500 for a Zero-Visa Option, and AED 17,500 for a One-Visa Option.
The former, which is the Start-Lite Package, works best for single shareholders. It grants a license for up to two business activities, and a lease for shared business facilities. On the other hand, the larger Business One Package is ideal for companies with up to three shareholders. Besides having one free visa included in the package, it also comes with applications to any medical exams and Emirates IDs, as well as an establishment card and e-channel fees. A business license for up to three activities and a lease for shared office facilities are also part of the package.
These two options make entering Masdar City Free Zone a smart decision for any entrepreneur. Business leaders will be able to operate from a strategic, Abu Dhabi location that houses high-quality facilities, privileges like full foreign ownership and potential exemptions from corporate tax or personal tax, and a booming hub made up of leading start-ups, SMEs, and large firms. It’s the perfect environment to ride towards entrepreneurial success.
For more information, visit us at masdarcity.ae or contact one of our business specialists.
