Khalifa Industrial Zone Free Zone
The Khalifa Industrial Zone Free Zone (KIZAD) is a project by the Abu Dhabi government that envisions revolutionising the industrial sector in Abu Dhabi. The Khalifa Industrial Zone Free Zone (KIZAD) project took form in November 2010 and began its operations by September 2012. The Abu Dhabi government set up this industrial park on a greenfield site in Taweelah. The aim of setting up the industrial park was to accomplish economic diversification by 2030. The crucial factors in this park’s attracting foreign investors are its geographic location and low operating costs.
KIZAD is spread across a 417-square-kilometre area, which is located between Abu Dhabi and Dubai. It is divided into two areas, Area A and Area B. Area A focuses on business people in the industrial sector, while Area B is much more into commerce-based companies. In KIZAD, both free zone-based and non-free zone-based companies are provided with freedom of operation. The free zone companies are registered under the Abu Dhabi Free Zone Authority’s regulations, and non-free zone companies are under the Abu Dhabi Companies Act.
Why is it advantageous to set up a business in KIZAD?
As with all other free zones, KIZAD also has its advantages for a business setup.
- The procedures for document screening and the provision of licenses are fast.
- No personal or corporate tax
- Provision of 100% repatriation of business profits and capital
- 100% foreign ownership
- Advantages of the location
- Efficient business operations
- Utilities and leases at low cost
- Customs duty on goods and services exemption
- Industrial synergy
- State-of-the art facility for offices and warehouse
- Easy banking
- Business park availability
- Outstanding transport connectivity by sea, air, and land
KIZAD free zone business license types
The free zone of KIZAD offers all types of business forms. This is possible due to the different kinds of business licenses provided by the free zones, like
How to start a business in KIZAD?
The main steps involved in setting up a business in Kizad are as follows:
Deciding on your economic activity
To start the company setup procedure, you will have to determine the type of economic activity under the regulations of the Department of Economic Development (DED) of Abu Dhabi. This is the ‘International Standard Industrial Classification’ adopted by DED Abu Dhabi as issued by the United Nations.
Legal Form of the Company
The next step involves defining the correct legal form for your company. You need to determine your legal form to adjust to the needs of the legal business requirements.
Registering the Business Name
The third step is registering the business name. It is vital to select an appropriate business name for your business entity before the initial approval. The chosen trade name should be parallel to your business nature.
Initial Approval
Initial approval from the authorities is obtained after getting your trade name certificate. This is mandatory to practise economic activity.
Acquisition of approvals from authorities
After acquiring the initial approvals, you will have to get all the required authorizations from the concerned authorities. Some economic activities require approval from the DED.
Procuring a business license
Before starting your business operations, you will have to obtain your business license. A business license differs based on the nature of the business, and you will have to choose the appropriate one.
Why Blackswan
KIZAD took shape with the primary goal of attracting foreign investors. This free zone is one of the best spots if you intend to start your industry or business. Blackswan Business Setup can help you by handling the company formation process. We assist our clients in entering the booming economy. We take care of all the banking, legal, and immigration formalities. Also ensure our clients low-cost and hassle-free company registration in KIZAD. To begin your business in Kizad, do contact us.
