In addition to the services provided through the One Stop Shop, entrepreneurs and investors based at ADAFZ
will continue to benefit from unparalleled business incentives including waivers for corporate tax, personal income tax, and import or re-export duties.
In addition to waiving all license fees for new companies, ADAFZ
has received a Tawtheeq registration exemption as well as an exclusion of VAT in designated zones across its properties for its customers.
Serving as a strategic hub and gateway to Abu Dhabi, ADAFZ
provides access to a quarter of the world's population and has attracted businesses from more than 38 countries, offering them the full spectrum of premium free zone services.
In addition to the business setup cost reductions, ADAFZ
has received a Tawtheeq registration exemption for itself and its customers from the Department of Urban Planning and Municipalities (DPM) in Abu Dhabi.
"Our operations in ADAFZ
will allow us to better serve those we are already working with, as well as those we hope to work with in the future, as Abu Dhabi expands and develops its aerospace ecosystem," said Ben Kiff, Director of NATS Middle East.
"While oil exports continue to underpin the Emirates' connectedness to the global economy, the establishment of free trade zones like the ADAFZ
has attracted businesses worldwide, serving as a strategic hub and gateway to Abu Dhabi, the UAE and the wider region," said Nour Suliman, CEO Middle East and North Africa, DHL Express.
The agreement addresses several important areas of cooperation aimed at increasing benefits for customers where ADAFZ
will be facilitating the provision of warehouse facilities for ADGM entities and both parties will promote legal structures available at each of their respective free zones to investors.
Abu Dhabi Airports Free Zone (ADAFZ
) is the UAE's gateway to a future free zone aerotropolis, making Abu Dhabi a thriving destination of choice for local and international businesses.
The move to the ADAFZ
free zone also brings new benefits of 100% foreign ownership and 0% corporate or personal income tax.
The move to the Adafz
free zone also brings new benefits of 100 per cent foreign ownership and 0 per cent corporate or personal income tax.
"The new company, which is operating from the Abu Dhabi Airport Free Zone (ADAFZ
), is the result of a strategic partnership between Abu Dhabi Aviation company and AgustaWestland company," said Nadder Ahmed Al Hamadi, chief executive of Abu Dhabi Aviation.
The new status of the office located within Abu Dhabi Airports Free Zone's (ADAFZ
) cargo terminal is also expected to attract new clients, said a statement from the company.