TWOFOUR54 ABU DHABI
COMPANY FORMATION
TWOFOUR54 ABU DHABI COMPANY FORMATION
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Twofour54, which is part of Abu Dhabi Free Zones, is a media free zone located at the heart of one of the fastest growing media markets in the world with attractive economic benefits for companies such as an easy licensing and business set-up services, 100% company ownership in a stable environment. A place where some of the biggest names in the industry call home and the perfect location for your business, big or small, to thrive and prosper.
Twofour54 provides office space, production facilities, talent development initiatives and training, and business support services for media companies.
Core Sectors: Themed free zone with focus on services related to IT and media.
- Central location
- State of the art facilities
- 100% company ownership
- 0% import tariffs
- 100% exemption from personal income tax
- 0% Corporate Tax provided they comply with all regulatory requirements
- No bureaucracy and transparent licensing with Media Zone Authority – Abu Dhabi and quick and easy set-up with twofour54 government & travel services which offers government relations and visa processing for your business and staff
- Highly cost effective office space solutions for your business needs and size
- No security deposit per employee visa required
- No minimum share capital requirements for the entity to be registered in twofour54
- Hassle free company registration, laws and legal framework
- Commercial
- Professional
- Freelance
- Serviced offices
- Fitted offices or shell and core options
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- Twofour54 Abu Dhabi
- Sheikh Zayed Street, Opposite Khalifa Park
- 100% company ownership
- Not required
- 6-8 weeks
- 0% Corporate Tax provided they comply with all regulatory requirements
- Required for trade license renewal
TWOFOUR54 ABU DHABI FAQS
The fees to set up a company in twofour54 depends on the company’s legal structure, business activities. The government fees for establishing a twofour54 company start at USD 11,750, which includes the company license, registration, establishment card, one (1) activity (Digital/Marcom), and virtual desk space, along with two visa eligibility. For more information, contact Creation Business Consultants for your free company setup consultation on [email protected] or call +971 4 878 6240.
twofour54 Abu Dhabi Media Zone offers cost-effective office space solutions within the media zone from private office space to virtual desk options.
The time it takes to set up a company in twofour54 averages 1-2 weeks. Once a client provides all the relevant information our team can complete and submit the company application to the free zone twofour54 for processing. Once the company is established you will receive the full suite of company documents. Next, it will take 3-5 working days for the establishment card to be issued. After receiving the company establishment card, the twofour54 company can begin applying for a UAE resident visa.
Once the setup of your twofour54 Abu Dhabi Media Zone company is completed, the next stage is to apply for the company establishment card. The establishment card enables the company to sponsor employee visas under your twofour54 company.
The initial process to obtain residence visa is to complete the visa application and apply for the employment permit, when the employment permit is issued, the new visa applicant can either visit the UAE (applicable to visa applicants from outside the country – UAE) or apply for a change of status (applies for visa applicants inside the country – UAE). The visa applicant’s original passport, medical test report, Emirates ID registration form along with the UAE medical insurance policy must be submitted to the authorities for the issuance of the visa.
The license types available at twofour54 Abu Dhabi Media Zone are:
- Commercial
- Professional/ Service
- Freelance
Type of entities that are available to set up in twofour54 Abu Dhabi Media Zone include:
- Free Zone Limited Liability Company (FZLLC) – This is an independent legal entity with individual shareholder(s), or corporate shareholders, or mixture of both individual and corporate shareholders.
- Set up a branch of a pre-existing company – A Branch can be a representative of an existing UAE-based company or foreign company incorporate in another jurisdiction or free zone.
- Freelancers – The Freelancer license offers individuals the ability to operate as a freelance media professional (sole proprietor) within the twofour54 media and entertainment hub.
- Start-ups – This set up is offered to content creation entrepreneurial start-ups within the business of digital content creation (online, mobile, device content) and A/V content production for TV, web, and cinema.
Contact Creation Business Consultants to discuss the correct license type for your twofour54 Abu Dhabi Media Zone consultation email [email protected] or call +971 4 878 6240.
The amenities within twofour54 Abu Dhabi Media Zone includes state of the art infrastructure, grade A offices and office fit-out quality, uplink and fiber connectivity to buildings, support with cleaning and maintenance of offices, and a convenient location close to Abu Dhabi airport. Additional facilities accessible twofour54 companies are:
- Studios
- Backlot
- Edit suites
- Screening room
- Meeting rooms
- Shop and eat
- #thelab
The available business activities on offer at twofour54are:
- Content production
- Publishing
- Broadcasting branding agency
- Exhibitions
- Events and conferences
- Festivals
- Information services
- Marketing communications
- Media content management
- Public relations
- Postproduction professional association
- Rights management and training
The renewal cost of a company in twofour54 depends on the company’s legal structure, business activity and office type. The government fees for renewal will start at USD $11,750, and this includes the renewal of license, registration, establishment card, and virtual desk space. For more information, please feel free to contact Creation Business Consultants for assistance with your twofour54 company renewal email [email protected] or call +971 4 878 6240.
A twofour54 company can conduct changes to its business, shareholders, directors and general managers, activity, and company name etc. Creation can assist with your service request to complete the amendments accurately, on-time and with your business goals. For more information contact Creation Business Consultants on [email protected] or call +971 4 878 6240.
To formally liquidate a twofour54 company there is a process to follow. A resolution to dissolve the company and completing the relevant closure formalities associated to your company is mandatory.
We recommend seeking assistance from a professional who can manage the entire process on your behalf. Our dedicated consultants can provide a free consultation and quotation for this service request. Reach out to Creation Business Consultants on [email protected] or call +971 4 878 6240.
UAE resident visa fees will vary, depending on the visa applicant. The average cost of a UAE resident visa application in twofour54 starts from:
- USD $1,500 (inside country applicant with medical test and Emirates ID)
- USD $1,000 (outside country applicant with medical test and Emirates ID)
twofour54 is a specialized media-free zone. This Abu Dhabi free zone offers world-class infrastructure and 360° support services helping the creative community bringing their ideas to reality.
Founded in 2008, twofour54 free zone is named after Abu Dhabi’s geographic coordinates. twofour54 is symbolic with the ambition of establishing Abu Dhabi as the capital of content creators and with the aim to accelerate Abu Dhabi’s media economy.
Yes, you can establish your twofour54 company from abroad provided you supply all the necessary information regarding your company to our team. Creation Business Consultants are experts at incorporating the company remotely without the need to travel to Abu Dhabi. For remote free zone company setup email [email protected] or call +971 4 878 6240 and a member of our team will assist.
This is possible however, it will depend on the license type, shareholding structure and business activity. If you want to know your options to have a DED branch licence at twofour54 you will need to speak with our corporate structing team. Email your service request to [email protected] or call +971 4 878 6240 today.
twofour54 provide freelance license in over 60 media-related categories, from pre-production, production, and post-production to public relations, marketing, and creative design.
No, twofour54 is an Abu Dhabi free zone which is regulated by the Media Zone Authority.