HomeCompany Formation in Twofour54 Abu Dhabi Media Zone Authority - GBS

Company Formation in Twofour54 Abu Dhabi Media Zone Authority
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Twofour54 Abu Dhabi is a tax-free media 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 and tax-free environment. Named after the geographical co-ordinates of Abu Dhabi (24° North, 54° East), Twofour54 is a unique media zone dedicated to helping like-minded companies and professionals take full advantage of the Middle East & North Africa region’s current and future offerings in media sector. Our mission is to nurture media businesses and professionals by means of a fully integrated and supportive tax-free ecosystem that delivers world-class production services and talent development ensuring the growth and sustainability of the region’s media industry.

Vision is to be a globally recognized hub for the media industry and a sustainable catalyst and platform for the authenticity, diversity and creativity of media from Abu Dhabi. That’s what Abu Dhabi’s 2030 Vision is all about. It creates a long-term destination for our business and provides us with a mission to drive the media and entertainment industry forward in the region.

Key Benefits of Company Formation in Twofour54:

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • No currency restrictions,
  • Enjoying the benefit of brand name Twofour54 as this free zone is exclusively focused on media related sector and activities
  • Strong IP protection framework
  • No Security deposit required for employment visa
Characteristics of Twofour54 Company Setup:

Location:

Twofour54, Abu Dhabi, (U.A.E.)

Proposed activity:

Content Production/Publishing/Broadcasting/BrandingAgency
/Exhibitions/Conferences/Events/Festivals/InformationServices/ MarketingCommunications/Media Content Management/Public Relations/Post Production/Professional Association/Rights Management/Training related activities can be carried out in Twofour54.

License available:

Commercial license is only option for Twofour54 Company Setup.

Type of entities:

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

Shareholder:

Shareholder for Twofour54 Company Can be Individuals or Corporate entity

Director:

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

Share capital:

We Suggests AED 50,000/- (50 share of AED 1,000/- each) for FZC – LLC Company Setup & 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 Twofour54 (licensing authority)

Estimated time:

4 to 6 weeks to obtain license of the company and register a company in Twofour54.

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

Twofour54 Company Setup Process:

  • Identify the legal form of company to be registered in Twofour54
  • Select activity from Twofour54 4activity list,
  • Apply for name and initial approval,
  • Payment of fees related to Twofour54 business set up,
  • Sign Twofour54 company registration and incorporation documents,
  • Apply for Twofour54 residence visa.

Documents Required for Twofour54 Company Registration:

The documents required for business set up in Twofour54 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,
  • Business Plan,
  • CV/Resume,
  • NOC from existing sponsor,

To know more about the complete requirements for company formation in Twofour54 call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in Twofour54:

Twofour54 Company Setup begins from AED 22,585/-.

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 Twofour54.

Other Notes for Twofour54:

  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 Twofour54. Our company acts as a one stop solution for Twofour54 company incorporation services.

If you are looking for Twofour54 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 Twofour54.

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.

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Copyright © 2020 Global Business Services.

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