08 Apr Introduction to Twofour54 Free Zone
Twofour54 in Abu Dhabi was built up in the year 2008 to give a business centre point to nearby, provincial and global media organizations. It is a media free zone set up by the Media Zone Authority (MZA) to position Abu Dhabi as a provincial focal point of magnificence and an unmistakable player in the Arabic media content creation industry. MZA intends to make a stage for the comprehensive improvement of Arabic media and stimulation content in all circles (Events, Film, Digital Media, Publishing, Music, Broadcast, Gaming, and so forth.). Also, Twofour54 administers the usage of the operational arrangements and methodologies in the free zone. Unmistakable media houses like Thomson Reuters Foundation, CNN, Financial Times, BBC, and so forth have set up their activities in Twofour54. It additionally has an ability pool of about 4,000 experts, including 600 consultants.
There are 3 noteworthy key columns through which twofour54 convey its propelled framework for setting up a business in Abu Dhabi free zones. They are:
- Twofour54 Tadreeb (the preparation foundation)
- Twofour54 Ibtikar (advancement and support)
- Twofour54 Intaj (condition of-craftsmanship creation offices)
It is upheld by business empowering influence twofour54 Tawasol (one-stop-shop).
Types of Business Setup in TwoFour54 Free Zone
There are 4 sorts of business structures accessible at twofour54 Abu Dhabi media free zone:
1. Free Zone Limited Liability Company (FZ-LLC)
It is an autonomous lawful substance which incorporates free shareholder(s), corporate shareholder(s) or a blend of both.
This enables people to work as an independent expert in the twofour54 media zone and amusement centre point.
3. Branch of a Company
A branch is a portrayal of a current organization in the UAE or an outside organization working in one of the wards in the UAE.
A start-up can be picked by a business visionary needing to begin a business in advanced substance creation and additionally content generation for TV, web and silver screen.
Business Licensing at twofour54
Twofour54 spotlights on media and excitement associations and issues permit basically for the accompanying portions:
Advantages of Business Setup in TwoFour54 Free Zone
- Full remote possession
- No charges on corporate pay
- Full repatriation of capital and benefits
- No assesses on import and individual salary
- 30% money recompense for global film and TV generation
- An interesting grounds condition with encouraged business organizing
- On-site media preparing foundation for media experts
- On-site HD creation and after generation office