Industrial City of Abu Dhabi Free Zone

ICAD is one of the specialised Economic Zones operated by the KEZAD Group (Khalifa Economic Zones Abu Dhabi), part of the AD Ports Group, reinforcing its strategic integration with Khalifa Port.

It is home to over 230 companies from all over the world, offering a variety of benefits such as tax exemptions, ownership advantages and access to world-class infrastructure. With its strategic location, ICAD offers great economic opportunities for businesses looking to start up or expand their operations in the Middle East region.

As part of its mission to create a conducive business environment, ICAD provides an extensive network of integrated facilities that allow companies to streamline their operations and maximise productivity. The free zone offers various incentives such as a fast company registration process, faster licensing procedures, and 100% foreign ownership privileges.

 

Business Sectors in the Industrial City of Abu Dhabi

The business setup landscape in ICAD is ideal for companies engaged in manufacturing and logistics. Reyson Badger has authorised a wide range of business activities in ICAD to meet the needs of such companies. The following are the business sectors that are permitted in ICAD:

• Metals & Engineering
• Industries in General
• Plastic and chemicals
• Services related to oil and gas
• Building Materials
• Industries of High Technology
• Advanced Manufacturing Units

Advantages of Establishing a Business in the Industrial City of Abu Dhabi

ICAD provides a strong industrial ecosystem that fosters synergies, improves efficiencies, value chain benefits, and business growth. The following advantages come with establishing a business in ICAD:

• Infrastructure that is world-class and purpose-built
• A diverse range of industrial plots is available.
• Excellent access to major highways, airports, ports, and railway lines (Etihad Railways)
• All industrial plots are serviced by telecommunications, water, gas, electricity, and sewage.
• A diverse range of logistics and service facilities
• Proximity to residential communities and facilities such as schools, universities, hospitals, and shopping malls
• Entities established in ICAD can benefit from 0% Corporate Tax on Qualifying Income (as a Qualifying Free Zone Person), and continue to enjoy 0% personal income tax.

Process of Business Set Up in the Industrial City of Abu Dhabi

For foreign investors, incorporating a business in ICAD is a relatively simple process. Obtaining an ICAD licence will not take long if all documentation is in order. Because documentation determines the speed with which a company is formed, it is best to seek advice from business setup consultants in Abu Dhabi. To open a company in ICAD, the following steps must be taken:

1. Determine the nature of the business. 

2. Select a legal structure. 

3. Reserve Trade Name and Apply for Initial Approval. (A combined step for efficiency) 

4. Choose a facility and sign the Lease Agreement. 

5. Submit final documents (MOA/AOA) and pay fees. 

6. Obtain Trade License.
 

Why You Need Auditing Service in the Industrial City of Abu Dhabi Free Zone?

Audit services are essential to any business, and their importance is only magnified in the industrial city of Abu Dhabi Free Zone. Companies located in this area must adhere to strict regulations and laws, making it necessary for an audit to be conducted at least annually. An auditing service will review a business’s financial records and provide assurance that the information presented is accurate, thus ensuring compliance with local laws.

• Businesses operating in Abu Dhabi Free Zone are required by law to maintain all financial transactions transparently and accurately by providing frequent updates on their cash flows, profits, investments, and expenditures.
• Audit firms help ensure that these regulations are being followed and provide businesses with a deeper understanding of their financial health.
• By conducting regular audits, companies can gain insights into their current performance as well as identify areas for improvement.
• This helps them detect fraud or mismanagement before it becomes too late.

Grab the best Auditing Services from Reyson Badger

Reyson Badger, a renowned and highly experienced auditor in the Industrial City of Abu Dhabi Free Zone, is known for providing the best auditing services in Industrial City. We have been providing our accounts and auditing services to many firms and private companies for the past several years.

Our expertise in Financial management and Accounting has earned the respect from all around. The team at Reyson Badger possesses exceptional skills that are reflected by the positive reviews we receive. Our commitment to delivering quality work is second to none. Furthermore, we offer customised solutions tailored to the individual needs of each client that help them achieve desired results without any hassle or additional cost. We always ensure that our clients get complete value for their money with accurate reports and audit processes.

Book a free consultation today to know more!!!