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Khalifa Industrial Zone Abu Dhabi (Kizad)

 

The Khalifa Industrial Zone or also called as KIZAD is a visionary project by the Abu Dhabi government to revolutionize the Industrial sector of the emirate. KIZAD project was revealed in November 2010 by Abu Dhabi Ports and officially began its operations in September 2012. On a greenfield site in Taweelah, Abu Dhabi, the government set up this multi-billion dollar industrial park with an aim to achieve economic diversification by 2030. This industrial park has 2 vital elements which attract foreign investors: one is its geographical location and the other its low operating cost.

KIZAD free zone in Abu Dhabi occupies a 417 square-kilometer area strategically located halfway between Abu Dhabi and Dubai. KIZAD is divided into 2 areas, Area A and Area B. While area A is focused on businessmen operating in the industrial sector, Area B is taken by commerce-based companies. KIZAD gives freedom for both free zone based companies as well as non-free zone-based companies. While the non-free zone-based companies come under the Abu Dhabi Companies Act, the free zone companies are registered under the Abu Dhabi Free Zone Authority’s regulations.

Advantages of Setting Up a Business in KIZAD

Like all other free zones, KIZAD also has its benefits of business setup:

  • - Speedy procedures of document screening and provision of license and certificates
  • - Zero personal and corporate tax
  • - 100% repatriation of business profits and capital
  • - Provision of 100% foreign ownership
  • - Efficiency in business operations
  • - A strategic location advantage
  • - Low cost of utilities and leases
  • - Complete exemption from customs duty on goods and services
  • - Pre-built office and warehouse facility
  • - Industrial synergy
  • - Hassle-free banking facility
  • - Great transport connectivity by air, sea, and land
  • - Availability of business parks

Types of Licenses for Businesses in KIZAD Free Zone

KIZAD free zone gives opportunities to all types of business forms by providing them different types business licenses like:

1. Industrial License

The most common form of business license in KIZAD is the industrial license, which many companies avail. For the purpose of importing raw materials, machinery, assembling, packaging purposes and exporting the finished and packed goods to other countries.

2. Trading License/General Trading License

Companies that are involved in trading of goods, importing and exporting opt for a trading license in KIZAD. A general trading license allows a company to trade in several goods and products. A general trading license allows a company to have 17 product categories under 3 different product groups.

3. Service License

Activities like marketing services, restaurant services, management consultancy, cargo/logistics services, warehousing services, travel, and tourism services fall under the category of a service license.

Types of Companies in KIZAD

Type of Company Free Zone-LLC Branch of Foreign Company Branch of Local Company
No. of Shareholders Min 1/Max5 Min 2/Max 5 Min 2/Max 5
Initial Capital Requirement AED 1,50,000 NIL NIL
Registration Fee AED 7,500 (one time) AED 5,000 (one time) AED 5,000 (one time)

Contact us to set up your business in Kizad, our team will be glad to assist you!

For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com

   

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