Company Formation in Masdar City

Company Formation in Masdar City
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Masdar is on a mission to advance the clean energy industry in Abu Dhabi and around the world and it is a catalyst for the economic diversification of the emirate. The Mubadala Development Company which is owned by the Abu Dhabi government established Masdar as a wholly owned subsidiary in 2006. Masdar is guided by The Abu Dhabi Economic Vision 2030, a programme that drives new sources of income for the emirate and strengthens its knowledge-based economic sectors. Masdar takes a holistic approach to its organization with four business units that are interconnected and a research arm that complements their work. The business units are Masdar Clean Energy, Masdar Special Projects and Masdar City. Masdar Institute an independent research-driven graduate university rounds out the organization. With each unit focused on a key component of the value chain Masdar operates with the broad scope needed to meet the most pressing sustainability challenges of tomorrow. This keeps Masdar at the global forefront of the clean energy industry as we pursue pioneering and commercially viable technologies and systems.

At the city’s core is an innovation engine. The city is growing its neighbourhoods around the Masdar Institute of Science and Technology, a research university dedicated to cutting-edge solutions in the fields of energy and sustainability. The institute is Masdar City’s nucleus which extends a spirit of innovation and entrepreneurship throughout the city. Companies can foster close ties with the university and partner to spark economic growth and accelerate breakthrough technologies to market. With a few thousand people living and working in Masdar City it is on its way to realizing its vision. But this is only the beginning. Masdar City continues to add new businesses, schools, restaurants, apartments and much more creating the diversity of any major modern city. When complete 40,000 people will live in Masdar City with an additional 50,000 commuting every day to work and study.

Key Benefits of Company Formation in Masdar City:

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Near Abu Dhabi International Airport, Khalifa City & Yas Island,
  • Quick and easy setup via a one – stop shop for registration, visa processing and government relations,
  • No currency restrictions,
  • Strong IP protection framework
Characteristics of Masdar City Company Setup:

Location:

Masdar City, Abu Dhabi (U.A.E.)

Proposed activity:

Renewable Energy/Clean Tech & ICT/Marketing And Events/Human Resources Development/ Property Management Services/Community Services Development/Holding Company/Trading Company/Business Centre/Data Centre/Onshore And Offshore Oil And Gas Field And Facilities Services/ Environment/Nuclear Energy/Outsource/General activities  can be carried out in Masdar City.

Type of entities:

FZ – LLC (single or multi shareholders with limited liability) and Branch

Shareholder:

Shareholder for Masdar City Company Can be Individuals or Corporate entity

Director: 

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- (50 shares of AED 1,000/- each) for FZ – LLC Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Annual audit report not to be filed in Masdar City.

Estimated time:

4 to 6 weeks to obtain license of the company and register a company in Masdar City.

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

Masdar City Company Setup Process:

  • Identify the legal form of company to be registered in Masdar City,
  • Select activity from Masdar city activity list,
  • Apply for name and initial approval,
  • Payment of fees related to Masdar City business set up,
  • Sign Masdar City company registration and incorporation documents,
  • Apply for Masdar City residence visa.

Documents Required for Masdar City Company Registration:

The documents required for business set up in Masdar City depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Utility bill copy,
  • CV/Resume,
  • NOC from existing sponsor,

To know more about the complete requirements for company formation in Masdar City call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in Masdar City:

Masdar City Company Setup begins from AED 43,250/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Masdar City.

Other Notes for Masdar City Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every three years
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in Masdar City. Our company acts as a one stop solution for Masdar City company incorporation services.

If you are looking for Masdar City company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Masdar City.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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