KIZAD will be the first industrial zone in the region which offers both Free Zone and Non – Free Zone status. This model provides opportunities for both types of business to maximise the benefits of their customs schemes.
1- Companies established outside the Free Zone area are governed by the rules and regulations stipulated in the Commercial Companies Law (CCL) and the prevailing laws in the emirate of Abu Dhabi.
2- Companies established within KIZAD are governed by the rules and regulations of the free zone authority being Abu Dhabi Free Zone Authority (ADFZA). As such, the industrial licenses will be issued by ADFZA.
However, whether you chose the Free Zone or the Non Free Zone, the whole of KIZAD is an investment zone meaning that non UAE nationals can have greater property rights than is normally possible including the right to take a Musataha.
No comments:
Post a Comment