Company Formation in Twofour54
Named after the geographical coordinates of Abu Dhabi (24° North, 54° East), Twofour54 in Abu Dhabi is a business hub for regional and global media organizations and it is home to over 400 enterprises. Leading media firms such as BBC, CNN, FOX, National Geographic, Sky, Cartoon Network Studios and the Financial Times have established their base in Twofour54. Starting a media firm in Twofour54 is relatively easy and it offers a complete range of services.
Benefits of setting up a company in Twofour54;
- 100% company ownership
- 0% import tariffs
- 100% direct tax-free
- Abu Dhabi Film Commission’s 30% cash rebate on production cost
- Security deposit per employee visa not required
- Minimum share capital not required
- Transparent licensing with Media Zone Authority
Twofour54 which operates under Media Zone Authority offers a safe, stable and friendly working environment and it is centrally located at the crossroads of the Middle East, European and Asian markets.
Services offered at Twofour54
- On-site vocational media training
- academy that offers media related courses and customized training services
- World-class studio facilities for production and post-production work
- Strong IP protection framework
- Free access to twofour54 Briefing Room, an online service that connects clients with media agencies and specialists at twofour54.
Types of business set-up available at twofour54
- Free Zone Limited Liability Company (FZ-LLC)
- Professional/ Service
A dissemination license is required along with a business license, if a company’s work process includes terrestrial or satellite broadcasting and publishing newspapers, magazines or books. For annual renewal of license, one must pay the same amount that has been remitted at the time of registration.
Company Formation in Twofour54 might look like a long, tiring journey, but with the help of our rich expertise at HLB HAMT, you don’t have to take any tension. We can assist you in getting visa, license, do all necessary paperwork and take care of legal requirements.
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