Industrial City of Abu Dhabi (ICAD)
ZonesCorp, Abu Dhabi
Description
Established to bolster Abu Dhabi's industrial sector, ICAD is a vast industrial zone spanning approximately 40 square kilometers on the outskirts of Abu Dhabi city. It comprises multiple clusters, each tailored to specific industries such as engineering, metals, chemicals, and high-tech industries.
| Emirate | Abu Dhabi |
| Website | https://www.zonescorp.com/ |
| Contact Email | info@zonescorp.com |
| Contact Info |
Phone: +971 2 497 1111
Address: Musaffah, Abu Dhabi, UAE
|
| Year Established | 2004 |
| License Types | Industrial License, Commercial License, Service License |
| License Cost | License fees vary based on business activity and facility requirements. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | Minimum capital requirements vary depending on the business activity and legal structure. |
| Allowed Business Activities | Engineering & Metals, General Industries, Chemical and Plastic, Oil and Gas services, Construction Materials, High Tech Industries, Advanced Factory Units |
| Company Legal Structures | Limited Liability Company (LLC), Branch of a Foreign Company |
| Allowed Activities | Manufacturing, Processing, Assembly, Warehousing, Distribution |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | Processing times vary depending on the business activity and compliance with regulatory requirements. |
| Physical Office Required | Yes |
| Office Space Options | Industrial Land Plots, Pre-Built Warehouses, Office Spaces |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), HSBC |
| Governing Laws | Operates under UAE federal laws and Abu Dhabi regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees vary depending on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | Up to 100% foreign ownership, depending on the business activity and legal structure. |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | Strategic location with access to major transport networks, World-class infrastructure and facilities, Proximity to Musaffah Port and major airports, Clusters tailored to specific industries, Access to skilled labor and support services |
| Drawbacks | Potentially higher setup and operational costs compared to other industrial zones |
| Specific Compliance Requirements | Compliance with environmental and safety standards, Adherence to UAE labor laws and regulations |
