twofour54 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.
The twofour54 Free Zone currently encompasses over 400 companies operating in the creative industries, from international brands such as the CNN, Sky News Arabia and Cartoon Network Studios through to a wide range of small to medium size companies.
Benefits of setting up at twofour54 Abu Dhabi
- 100% company ownership in a stable environment with no restrictions on capital movements
- 0% import tariffs
- 100% exemption from personal income tax
- 100% exemption from corporate taxes
Convenience and Cost Efficiency
- Licensing and registration fees by the Media Zone Authority – Abu Dhabi have been waived for the first two years, which considerably reduces the set up cost.
- 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
- On-site vocational media training academy offering media related courses as well as tailored training solutions for your organisation
- World-class studio production and post-production facilities supported by technical staff, all available for hire during your productions
- Status of free zone with ability to bid, contract and receive payments directly with UAE government entities
- Strong IP protection framework
- Critical mass of sector knowledge, talent and large pool of freelancers
- Safe, stable and friendly working environment
- Centrally located at the crossroads of the Middle East, European and Asian markets, with a strong global logistics and transport network. Only 5 hours from 25% of the world’s population
- Proximity to Downtown Abu Dhabi, International Airports, Port, Yas Island; just 50 minutes away from Dubai.
Networking and Business Opportunities
- Unique campus environment with facilitated business networking
- Quarterly networking events with partners and stakeholders in Abu Dhabi
- Introductions and referrals facilitated to other twofour54 partners
- Access to industry news and market research by twofour54
- Access to other business facilitation services such as on-campus seminars and roadshows etc.
- Inclusion in twofour54 marketing and promotion campaigns across Abu Dhabi, the region and global campaigns>.
Types of business entity available for set-up
There are four options to set up in the twofour54 Free Zone:
- Free Zone Limited Liability Company (FZ-LLC) – An FZ-LLC is an independent legal entity that allows for individual shareholders/corporate shareholders or a mixture of both.
- Branch – A Branch Company is a legally dependent part of a foreign company or existing free zone entity, which must therefore follow the business activity/licence of its parent company.
- Sole Proprietor (Freelancer) – This low cost licensing option allows an individual to work in his/her personal capacity as a freelance media professional within the Free Zone. Individuals may take the licence for either six or 12-month periods.
- Start-Up – This unique scheme allows individual entrepreneurs and start-ups to accelerate their growth whilst minimising costs. Companies can obtain a licence within the Free Zone without the need to rent a physical office.