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Company set up in kizad

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KIZAD, one of the largest industrial zone in the world is providing an opportunity to set up industrial business in Abudhabi.KIZAD is a part of Abudhabi’s economic vision 2030.KIZAD aims at improving the economic life style of people.KIZAD is meant as a hub for manufacturing, logistics and trade, across a number of sectors. KIZAD is located in Taweelah, midway between Dubai and Abu Dhabi.Lot of benefits are provided for doing business in KIZAD .For more details contact us
Morison Menon Chartered Accountants
Level 15, Lake Central - At The Bay,
Business Bay, Al Abraj Street,
P. O. Box : 55535, Dubai, UAE
You can call us
+97142762233
+97144221680

Published in: Business
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Company set up in kizad

  1. 1. Do you want to set up business in KIZAD http://www.morisonmenon.com
  2. 2. ABOUT KIZAD The Khalifa Industrial Zone Abu Dhabi, KIZAD has become one of the largest industrial zone in the world. It is a part of Abu Dhabi Ports Company(ADPC). KIZAD offers an opportunity to set up an industrial business with so many benefits. There by improving the economic life style of people. It is aimed to have its contribution 15% by 2030 http://www.morisonmenon.com
  3. 3. STRUCTURE OF KIZAD KIZAD is located at Taweelah, midway between Abu Dhabi and Dubai, consists of eight industry clusters which attracts world-class companies. These clusters include: Aluminium ,Steel, Engineered Metal Products, Petrochemicals & Chemicals, Pharmaceuticals & Healthcare equipments, Food, Paper, and Printing & Packaging http://www.morisonmenon.com
  4. 4. TOP VIEW OF KIZAD http://www.morisonmenon.com
  5. 5. http://www.morisonmenon.com Provides an outstanding access to global markets Offers a low cost environment Offers both Free Zone and Non-Free Zone options Provides world class transport and communication facilities too  An integrated rail network is present to link all tenant plots to the GCC and Europe  It has three international airports
  6. 6. http://www.morisonmenon.com Road and Transport facilities
  7. 7. BENEFITS IN SETTING UP OF BUSINESS IN KIZAD Kizad’s strategic location had a major role in having 2.4 billion consumers within four time zones. It offers low cost in power, water and gas and also no custom duties and no tax to pay here http://www.morisonmenon.com
  8. 8. ABOUT RENT KIZAD offers plots of land at various sizes. There is no standard minimum incase of leasing land. If the land is below 10,000 m2 there is an opportunity to get application for pre-built space rental Rental range depends upon mainly industry, location and utilization of added value services we prefer http://www.morisonmenon.com
  9. 9. What is Pre-Built warehouse facility • Size of unit - 2,362 m2 in Free Zone area and 1,133 m2 in Non- Free Zone area. • Base Rent: Free Zone: AED 400 per m2 Non - Free Zone : AED 350 per m2 • Lease Term: Minimum 3 years. • Units with offices and loading to the front or offices to front and loading to the rear. • 7m clear internal height to eaves http://www.morisonmenon.com
  10. 10. continue Have 1.3m raised floors for ease of loading. Provide up to 10% office content. Have either two or three loading doors plus a separate ramp and loading door for fork-lifts.  Fitted WCs and Kitchenette.  Fire sprinkler system. Integrated fire alarm system.  Ample parking.  Power capacity for full comfort cooling and the option to boost power for cold storage. http://www.morisonmenon.com
  11. 11. PROCEDURES TO START BUSINESS HERE Fill up and submit the Industrial Project Application Review of the project by KIZAD technical team Payment of registration fee - AED 5,000 Fill up a Non- disclosure agreement http://www.morisonmenon.com
  12. 12. KIZAD shall send a confirmed offer on the plot of land with exact area and location along with terms of lease, regulations, compliance requirements etc. Formal lease agreement to be signed within 90 days Formation of entity (free zone or non-free zone)http://www.morisonmenon.com CONTINUE
  13. 13. TERMS AND CONDITIONS Industries in KIZAD must be wholly owned subsidary or branch of a foreign company in the Free Zone area or a Limited Liability Company registered as per UAE Commercial Companies Act 1984.  Industries in Free Zone area is considered as foreign company and wont have any duty exemption on products while exporting to GCC countries. http://www.morisonmenon.com
  14. 14. continue GCC countries includes Saudi Arabia  Oman Bahrain  Kuwait  UAE and Qatar http://www.morisonmenon.com
  15. 15. continue GCC countries must be the major market for the products and the investor prefers to take advantage of duty exemption, then the entity can be formed as a local company. In such an entity (a Limited Liability Company – LLC) 51% of the shares must be held by a UAE national. http://www.morisonmenon.com
  16. 16. ABOUT CAPITAL REQUIREMENT 1. Branch of foreign company - no capital requirement 2. Branch of UAE company - no capital requirement 3. Limited Liability Company - minimum capital requirement AED 150,000 http://www.morisonmenon.com
  17. 17. ABOUT LICENSE FEE License fee including formation fee [Limited Liability Company] 1. Industrial license AED 12,500 up to 5 activities. 2. Trading license AED 12,500 up to 5 activities. 3. Service license AED 12,500 up to 5 activities. Renewal fee is AED 5,000 up to 5 activities. Fee for General Trading License: AED 15,000. http://www.morisonmenon.com
  18. 18. CONTACT US Morison Menon Chartered Accountants Level 15, Lake Central - At The Bay, Business Bay, Al Abraj Street, P. O. Box : 55535, Dubai, UAE www.morisonmenon.com CALL US : +97142762233 or Email id: dubai@morisonmenon.com

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