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TwoFour54 Company Formation

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TwoFour54 Company Formation

twofour54, a subsidiary of the ADNEC Group, specializes in creating custom-designed hubs tailored for creative communities in media and entertainment. Located in Abu Dhabi, United Arab Emirates, twofour54 was established in 2008 with the objective of fostering a sustainable media and entertainment industry within the emirate. Today, twofour54 hosts globally recognized entities such as CNN, Unity Technologies, and Ubisoft, alongside a vibrant array of thriving local SMEs, solidifying its pivotal role in Abu Dhabi’s creative and media landscape.

At its flagship development, Yas Creative Hub, twofour54 has cultivated a leading creative community. Central to this hub is the Community Hub, a collaborative space that serves as a catalyst for new project ideas, supports creative enterprises, and nurtures emerging talent in the industry. twofour54 provides a comprehensive range of facilities designed to facilitate content creation across diverse platforms, including film, television, gaming, and digital media. This includes expansive resources such as a 300,000 square meter backlot, multiple sound stages, and studios. Complementing these infrastructure offerings are a suite of services available to production teams, ensuring seamless project execution, including government relations assistance, visa processing, filming permits, and more.

twofour54 has established a dynamic destination where individuals are encouraged to innovate, collaborate, and foster creativity. Our vibrant community comprises leading figures from the media and entertainment industry. With 0% corporate and income tax, 100% business ownership, and waived license and registration fees (for the initial 2 years), we not only offer compelling economic advantages but also unparalleled operational benefits and extensive support services aimed at ensuring the success of your business. There has never been a more opportune moment to launch your business in Abu Dhabi.

Advantages Of TwoFour54 Company Formation

Twofour54 Free Zone offers substantial benefits for businesses. Located in Abu Dhabi, it provides a strategic position with access to regional and international markets. The free zone supports 100% foreign ownership and full repatriation of profits, creating a favourable business environment. It specializes in media, entertainment, and creative industries, offering tailored facilities and infrastructure. Companies benefit from zero customs duties on imports and exports, as well as corporate tax exemptions. Twofour54 features flexible office solutions, including co-working spaces and private offices, and streamlined processes for company registration and visa applications. Additionally, it provides a supportive community and networking opportunities within the media and creative sectors, making it an attractive choice for businesses seeking growth and industry-specific advantages.

Process

01

Choose Business Activity
Determine the media, entertainment, or creative activities your business will focus on.

02

Select Company Structure
Decide on a Free Zone Company (FZC), Free Zone Establishment (FZE), or branch.

03

Register Company Name
Choose and register your company name with Twofour54.

04

Prepare Documents
Gather required documents, including passport copies, a business plan, and proof of address.

05

Submit Application
Submit your application and documents to Twofour54 for approval.

06

Lease Office Space
Select and secure office space within the Twofour54 Free Zone.

07

Obtain Business License
Receive your business license upon approval.

08

Open Bank Account
Establish a corporate bank account in the UAE.

09

Apply for Visas
Apply for residence and work visas for yourself and employees.

DOCUMENTS

3 -Optional Trade names of the company (on the basis of your preference)

Passports copy of Shareholder(s)

Visa page copy/entry page copy of shareholder(s)

Visa page copy / Entry page copy of Manager

List Of Activities

Price Package

  • To establish a business in TwoFour54, Abu Dhabi, the incorporation charges include an initial setup fee starting from 15,000 AED, along with an additional registration fee of 3,750 AED.
  • These fees cover the basic requirements for company registration and licensing. Additionally, you will need to invest in office space or a flexi desk to complete the setup and obtain your business license.
  • TwoFour54 provides a range of office solutions to support various business needs and ensure a productive working environment.

License Amendment Fees

Sr.No. Description Fees
1.
Amendment of activity
2500 AED
2.
Amendment of shareholder
2500 AED
3.
Amendment of manager
2500 AED
4.
Amendment of Visa package
2500 AED
5.
Amendment of MOA
2500 AED
6.
Amendment of Share Capital
2500 AED

Terms And Conditions Of Freezone

  1. All charges are expressed in UAE Dirhams.
  2. Charges for any services not mentioned in this schedule will be available on request.
  3. All fees and charges mentioned in this schedule are subject to change by twofour54 without prior notice. Any updates to the schedule will be published on this page.

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      Find the right font in the huge Google Font Library, then adjust size, color, line height, font weight, letter spacin The theme will only load the font and weights variant you choosed. Find the right font in the huge Google Font Library, then adjust size, color, line height, font weight