Business Setup In TwoFour54 Free Zone
Business Licenses Available in TwoFour54 Free Zone
Businesses operating in the TwoFour54 Free Zone are typically separated into one of several categories:
Limited Liability Company (LLC)
An LLC license allows entrepreneurs to establish a separate legal entity with limited liability protection. This structure is suitable for businesses planning to operate as a company with multiple shareholders, offering flexibility and autonomy in business operations within the TwoFour54 Free Zone.
Freelance Media Professional License
Ideal for individuals working in the media and creative industries, the Freelance Media Professional License allows freelancers to legally conduct media-related activities within the TwoFour54 Free Zone.
Commercial License
A Commercial License enables businesses to engage in commercial activities such as trading, import-export, retail, and distribution within the TwoFour54 Free Zone. Whether you're operating a retail store, trading company, or distribution center, this license facilitates a wide range of commercial ventures.
Required Documents and Steps to Obtain Your Business License
Securing your business license in Abu Dhabi’s TwoFour54 Free Zone is designed to be easy and transparent. Here are the steps you’ll want to take to apply and the documents you’ll need to have ready:
- Initial Approvals from Media Zone Authority
- Copies of Passports for Shareholders
- CV
- Proof of address of the share holder o
- Office Leasing Contract
- Attested and Notarized Power of Attorney
For LLC Companies and Representative Offices:
- Legal Corporate Documents
- Memorandum of Association
- Certificate of Registration for Parent Company (If Applicable)
- Board Resolution Stating Intent to Form a Branch
- Submit Application with Documentation and Completed Business Plan
- Choose Your Business Name
- Sign Required Regulatory and Legal Documents
- Pay All Fees and Obtain License
- Open Bank Account
Business Opportunities in TwoFour54 Free Zone
When starting a business in the TwoFour54 Free Zone, you’ll have the opportunity to choose between a wide range of business activities, including:
Advertising
Engage in advertising activities, including creative campaigns, branding, and marketing services for a wide range of clients and industries.
Film Production
Enjoy state-of-the-art film production facilities, allowing your business to produce feature films, documentaries, TV shows, and commercials within the Free Zone.
Educational Content Production
Companies in TwoFour54 can create educational content such as e-learning modules, educational videos, and interactive learning materials.
Animation
Produce animated content for television, film, advertising, and digital platforms, ranging from 2D and 3D animation to motion graphics and visual effects.
Corporate Film Production
Specialize in producing corporate films, including promotional videos, training videos, internal communications, and corporate documentaries for organizations.
Corporate Print Production
Dive into corporate print production services, including graphic design, printing, and publishing for corporate materials such as brochures, flyers, and magazines.
Gaming Development
Produce innovative and engaging games for various platforms, including mobile, PC, and consoles.
Experience
MSZ Consultancy Can Help Get Your Business Started
Whether it's business formation in the TwoFour54 Free Zone or help with visa applications, MSZ Consultancy has the experience to help entrepreneurs get their businesses up and running. We help with renewals, licensing, PRO services, and much more.
It doesn’t matter whether you’re a single investor or part of a larger branch; our experts can help you cut through the red tape, maximize efficiency, and guide you to financial success.
Call MSZ Consultancy today at +971 50 487 2208 to start your business in the TwoFour54 Free Zone, and let us guide the way.
Frequently Asked Questions (FAQs)
In most cases, the cost to start your business should be roughly AED 5,000, depending on your company size, your chosen license, and any other applicable fees.
There are no specific minimum share requirements to start a business in the TwoFour54 Free Zone.
Yes, you can set up a branch office in the TwoFour54 Free Zone. Branches of existing companies can expand their operations into the free zone, operating as extensions of the parent company and conducting business under its name.
The timeframe to start a business in the TwoFour54 Free Zone typically ranges from a few weeks to a few months, depending on factors such as documentation, approvals, and compliance with regulatory requirements.
The renewal cost of a Media Zone license in TwoFour54 Free Zone varies depending on factors such as the type of license and any additional services or facilities required. It's advisable to contact TwoFour54 authorities or check their website for updated renewal fee information.