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Higher Corporation for Specialized Economic Zones – AbuDhabi

Higher Corporation for Specialized Economic Zones – AbuDhabi

SETUP YOUR BUSINESS IN ABU DHABI

Higher Corporation for Specialized Economic Zones

ZonesCorp of Abu Dhabi is home to many (more than 600) global companies from many different sectors. It was established in the year 2004 with the intention to develop the industrial cities that are situated across Abu Dhabi. There are six first-class industrial zones, which account for half of Abu Dhabi’s manufacturing GDP. ZoneCorp has helped in the development of the industrial landscape of the Emirate, attracting substantial foreign investment. ZonesCorp is a favourable place attracting investors with its visionary leadership, state-of-art infrastructure, attractive government incentives, and pro-business environment. At present companies registering at Abu Dhabi ZonesCorp are assured with skilled, trained staff and team members as there are many training centres.

Types of Entities in ZonesCorp

Unlike other free zones in Abu Dhabi, the ZonesCorp free zone provides only Industrial License. There are different kinds of entities one can form in ZonesCorp:

General Partnership Company
  • Partnership is limited
  • Limited with shares partnership
Limited Liability Company
  • Full repatriation of profits and capitals
  • Private joint stock company
  • 0% tax
  • Duty-free import of raw materials and machinery
  • Favourable business environment
  • Operational synergies from the co-location of similar industries
  • Hassle-free labour procedures
  • Public joint stock company
Branch Company
  • Local Establishment
Joint Venture Company

Benefits of a Business Set Up in ZonesCorp

ZonesCorp, like many other free zones, also provides many services to the investors. These include

  • Strong investment advice provided to clients
  • Vicinity to Jebel Ali Airport and Abu Dhabi Airport
  • Cluster-based zoning model which allows full integration within the industry value chain, deriving synergy benefits.

Business Activities in ZonesCorp

There is a need to be aware of the business activities at ZonesCorp. Activities accommodated at ZonesCorp is as follows

  • Metals and Engineering
  • Chemicals
  • Paper and wood products
  • Construction materials
  • Food and Beverage
  • Assembling products
  • Oil and gas
  • Plastic and fibreglass products
  • Leather and textile products

The industries falling other than these sectors are considered after an environmental, economic, and synergy perspective at the application stage.

List of Zones in ZonesCorp

The different zones found in ZonesCorp is as follows.

ICAD I
  • ICAD I is ideal for heavy to medium processing, manufacturing, and engineering activities, and covers an area of 14 sq. km.
  • The investment volume is over AED 6 million. It is located close to Musafah Sea Port, Abu Dhabi City Centre, and Abu Dhabi International Airport.
  • The warehouses and infrastructure are according to international standards.
  • For enhancing swift and simple business set up, government departments are located together.
ICAD II
  • ICAD II is involved in medium to light manufacturing, processing, and engineering activities.
  • It covers a total area of 11 sq. km.
  • AED 11 billion investment volume
  • A road network of 27 km, gas piping of 21 km, drainage of 21 km, and 60 km of rainwater piping
ICAD III
  • This zone comprises construction materials, oil and gas, and wood and engineering.
  • A total area of 12 sq. km is covered.
  • Warehouses and infrastructure built according to international standards.
  • Al Ain Industrial City AAIC (I and II)
  • Situated on the eastern borders of the UAE
  • Infrastructure costs of about 125 million
  • Covers a total area of 10 sq. km
  • It is well connected with Abu Dhabi, Dubai, and Sharjah compassing a network of modern highways.
ICAD IV (to be set up)
  • Placed on the west side of Mussafah Industrial City
  • Covers total area of 24 sq. km
  • The zone is devoted to technology and light industries.
  • This zone is consigned specifically to the Logistics Hub Support Services area while linked to the upcoming freight railway network.
ICAD V (to be set up)
  • This zone satisfies the automotive value chain of Abu Dhabi by creating a central contact point for the automobile-related services and products.
  • This zone covers a total area of 11 sq. km.
  • This cluster aims at resolving the Emirates’ parking congestion. This is achieved by providing an alternate hub for taxis, used cars, rental cars, buses and cars displayed and parked in the city centre.
Construction and Building material Zone (to be built up)
  • This zone is situated in Al Faya.
  • It covers a total area of 34 sq. km.
  • An ideal zone for construction and building industries

Setting Up a Business In ZonesCorp

Setting up a business in the Abu Dhabi free zone is very simple. A relevant license needs to be procured to start a business in Higher Corporation for Specialized Economic Zones. The first step involves filling up an application form done online or visiting the ZonesCorp office. The other process is completed by the ZonesCorp authorities which includes

  • Application forward to the relevant department
  • Reserve the land and prepare the lease contract
  • Procuring approval from the Environment Department
  • Arrange for a construction permit and issue a preliminary approval
  • Industrial license issuance

And to get these process done, the necessary documents are to be submitted along with the application form. They are as follows.

Necessary Documents to set up a business in ZonesCorp

  • Authorized company contract
  • Environmental license
  • Document of contract modification registration in the Ministry of Economy
  • Factory site plan which indicates the manufacturing and services area
  • Feasible study
  • Land plan
  • Abu Dhabi Chamber of Commerce and Industry membership certificate
  • Power of Attorney (if obtainable)
  • Passport copies of the partners
  • Valid and approved trade name
  • Valid lease contract
  • The Environment Agency - Abu Dhabi (EAD) technical information
  • Additional information for environment authority

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