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Company Formation in Twofour54 Abu Dhabi Media Zone Authority

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Company Formation in Twofour54 Abu Dhabi Media Zone Authority

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.

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Twofour54 Abu Dhabi Media Zone Authority

Key Benefits of Company Formation in Twofour54

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income 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
Company Formation in Twofour54 Abu Dhabi Media Zone Authority Benefits

Characteristics of Twofour54 Company Setup

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

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.

Commercial license is only option for Twofour54 Company Setup.

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

Shareholder for Twofour54 Company Can be Individuals or Corporate entity

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

No minimum capital required

Annual audit report not to be filed in Twofour54 (licensing authority)

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.

Required Documents for Application

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,

Twofour54 Company Setup Process

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

To know more about the complete requirements for company formation in Twofour54 call us now on +971 50 8992852 or drop an email to sagar.mehta@gbsei.com

Procedure

Company Formation Cost in Twofour54

Twofour54 Company Setup begins from AED 22,900/-

Call us now on +971 50 8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Twofour54.

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note

Important Note

  • 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.
  • Company Immigration/Establishment card to be renewed every three years
  • 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/-

How GBS Helps

Global Business Services FZCO 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 +971 50 8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in Twofour54.

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Alert
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.
Why Choose GBS for Company Formation Services in UAE?

Why Choose GBS for Company Formation Services in UAE?

Understanding Clients’ Needs

Understanding Clients’ Needs

As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.

Flexible Pricing & Cost Transparency

Flexible Pricing & Cost Transparency

For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers

Years of Expertise

Years of Expertise

Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.

Work Track Record

Work Track Record

As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.

We Work With Government Bodies

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    I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.

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