Company Formation in Masdar City

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

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.