Twofour54

The Twofour54 free trade economic zone owes its original name to the geographic values of the capital of the Emirate Abu Dhabi. This administrative and territorial unit, which has a special economic status, is designed to stimulate the development of the UAE national mass media and entertainment industry in general. The implementation of the project involves the creation of the international standards in the industry and the improvement of the methods of presenting the various entertainment content.

Twofour54 Free Zone: strategy and purpose

The platform is positioned as a regional centre, in the Abu Dhabi, the capital of the UAE, for the consolidation of the advanced experience in the field of production of entertainment content on the various platforms, including TV broadcasts, digital mass media and publishing houses. The strategic purpose of the project is to stimulate the creative and professional cooperation of the leading experts in this industry, and includes three main directions:

• educational and training component;
• support of innovative projects;
• provision of the necessary production equipment.

Both legal and private entities can serve as business partners and clients of the economic zone. Everyone can count on the legal and consulting business support and also on the assistance of the state agencies in the issues of company registration, business licenses obtaining, and issuing visas for shareholders and employees. The provision of the adequate support and creation of the most comfortable conditions for carrying on business are the main strategic objectives of the project.

Thus, the mission of the Twofour54 Free Trade Zone is the registration and housing of the leading industry companies in the jurisdiction, providing them with the legal support, tools and the appropriate infrastructure for the production of the qualitative media content which meets the highest international standards.

Twofour54: industry sectors

On the territory of the Twofour54 UAE free trade economic zone, the preferred treatment is available in the following industry areas:

• radio and television broadcasting;
• visual and audio reproduction (children's animation, television or radio programs, and etc.);
• printing and publishing activities;
• development of the new media technologies (various digital content, mobile apps and etc.);
• marketing and advertising services;
• organisation of public events;
• printing services;
• processing and transmission of information data;
• film industry;
• educational and training activities;
• web services and mobile content;
• entertainment and gaming industries.

Abu Dhabi Twofour54 Free Trade Zone: business advantages

The registration of a new company or incorporation of the foreign representative office on the territory of the Twofour54 economic zone implies, for your business, a number of competitive advantages. It is a great opportunity to make your business profitable by efficient optimization of all business processes. In particular, the special status of the jurisdiction provides the following possibilities for business in the UAE:

• profitable and favorable business climate: first of all, it is a simplified procedure for the registration and incorporation of the company, the possibility of 100% foreign ownership of business, minimal administrative costs, loyalty and support from the public agencies and exemption of the business from corporate taxation;
• strategically favorable location of the Free Trade Zone: free zone is located on the close proximity to the large regional markets and in the heart of the Emirates. It is actively developing new market with great prospects and opportunities;
• opportunities for business expansion: business atmosphere and the presence of the numerous industrial companies and enterprises, opens up the opportunities for new business partners and using the advanced experience and technologies;
• stable legal base: the norms which regulate the corporate relations correspond to the international standards and provide the guaranteed protection of the property rights and commercial interests of the business.

Infrastructure and services for business

The partners and the clients of the Twofour54 economic zone in UAE are offered the following technical supply and services:

• educational services: sectoral training courses and trainings, based on the practical application of gained knowledge and skills;
• business support: financial and legal support of the resources which are focused on the national Media industry;
• services in the manufacturing sector: technical supply and provision of the professional equipment for creation audio and video;
• commercial real estate: the investors are offered serviced office premises, which are equipped with the necessary engineering services and modern means of communication.

In conclusion, it should be noted that it is necessary, as well as in the other FTZ in the UAE, to obtain a state business license to carry out the legal economic activity. The state business license is valid only on the territory of the economic zone and is renewed annually.

Contact us and get a free consultation to get more information about the procedure of registration and licensing.