twofour54 (Abu Dhabi Media Zone)
Media Zone Authority – Abu Dhabi, Abu Dhabi
Description
Established in 2008, twofour54 is Abu Dhabi's media and entertainment free zone, named after the geographical coordinates of Abu Dhabi. It serves as a hub for content creation, media, and entertainment industries, offering state-of-the-art infrastructure and a collaborative environment for businesses and freelancers.
| Emirate | Abu Dhabi |
| Website | https://www.twofour54.com/en/ |
| Contact Email | info@twofour54.com |
| Contact Info |
Phone: +971 2 401 2454
Address: twofour54, Khalifa Park, Abu Dhabi, UAE
|
| Year Established | 2008 |
| License Types | Commercial License, Professional/Service License, Freelance Permit |
| License Cost | AED 11,750.00 - License fees start from USD 11,750 annually, varying based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No minimum share capital requirement is specified; however, it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Content Production, Publishing, Broadcasting, Branding Agency, Exhibitions, Events and Conferences, Festivals, Information Services, Marketing Communications, Media Content Management, Public Relations, Post Production, Professional Association, Rights Management, Training |
| Company Legal Structures | Free Zone Limited Liability Company (FZ-LLC), Branch of an Existing Company, Freelance Permit |
| Allowed Activities | Media and Entertainment Services, Advertising, Digital Content Creation, Event Management, Public Relations, Training and Development |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | AED 1,500.00 - Visa costs start from USD 1,500 per person, including medical and Emirates ID. |
| Employee Visa Cost | AED 1,500.00 - Visa costs start from USD 1,500 per person, including medical and Emirates ID. |
| Processing Time (Days) | The timeframe to start a business in twofour54 typically ranges from a few weeks to a few months, depending on factors such as documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Office Spaces, Production Studios, Backlot Facilities, Edit Suites, Screening Rooms, Meeting Rooms |
| 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 | AED 11,750.00 - Annual renewal fees start at USD 11,750, varying by business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, 0% corporate and personal income tax, No minimum share capital requirement, Access to state-of-the-art production facilities, Strong intellectual property protection framework, Strategic location with access to Middle East markets, Proximity to Abu Dhabi International Airport |
| Drawbacks | Potentially higher setup and operational costs compared to other free zones |
| Specific Compliance Requirements | Compliance with UAE federal laws and Abu Dhabi regulations, Adherence to media content guidelines |
