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Industrial City of Abu Dhabi (ICAD)

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Industrial City of Abu Dhabi (ICAD)

Welcome to the Industrial City of Abu Dhabi (ICAD) Free zone!

ICAD Free zone, strategically located in Abu Dhabi, UAE, is a thriving hub for businesses looking to establish their presence in the region. As one of the premier industrial zones in the country, ICAD offers numerous advantages and opportunities for companies across various sectors.

At Prodigy Corporate Services, we are proud to be your trusted partner in navigating the landscape of ICAD Freezone. With our extensive experience and expertise in business setup services, we provide comprehensive solutions tailored to meet your specific requirements.

Why Choose ICAD Freezone?

  1. Strategic Location: Situated in close proximity to major transportation hubs and key markets, ICAD Freezone offers unrivalled access to local, regional, and international markets. This strategic advantage enables businesses to enhance their supply chain efficiency and expand their reach with ease.
  2. World-Class Infrastructure: ICAD Freezone boasts state-of-the-art infrastructure designed to support a diverse range of industries. From advanced manufacturing facilities to cutting-edge technology parks, businesses can benefit from modern infrastructure and a supportive ecosystem conducive to growth and innovation.
  3. Investment Incentives: The Industrial City of Abu Dhabi Freezone Authority (ICAD) offers attractive incentives to promote business growth and investment. These incentives include tax exemptions, 100% foreign ownership, repatriation of capital and profits, and streamlined administrative processes. By establishing your business in ICAD Freezone, you can take advantage of these incentives to maximise your profitability.
  4. Industry-Specific Clusters: ICAD Freezone facilitates industry-specific clusters, bringing together companies from related sectors. This clustering approach promotes collaboration, knowledge sharing, and synergies among businesses, fostering a vibrant environment for growth and competitiveness.
  5. Prodigy Corporate Services: As your dedicated business setup partner, Prodigy Corporate Services offers a comprehensive range of services to streamline your entry into ICAD Freezone. From company registration and licensing to visa processing and corporate support, our experienced team provides personalised assistance at every step. We understand the unique needs of businesses in ICAD Freezone and are committed to ensuring a smooth and efficient setup process.

Take the Next Step with Prodigy Corporate Services

When it comes to setting up your business in the Industrial City of Abu Dhabi (ICAD) Freezone, Prodigy Corporate Services is here to guide you. Our in-depth knowledge of ICAD Freezone, coupled with our commitment to delivering exceptional service, makes us the ideal partner for your business expansion.

Benefits of setting up a Business In Industrial City of Abu Dhabi (ICAD) Free zone?

The Industrial City of Abu Dhabi (ICAD) Freezone offers several benefits to businesses looking to establish their presence in the region:

  1. Strategic Location: ICAD Free zone is strategically located in Abu Dhabi, the capital city of the United Arab Emirates (UAE). Its proximity to major transportation hubs, including airports, seaports, and highways, provides convenient access to local, regional, and international markets. This advantageous location enhances supply chain efficiency and facilitates business operations.
  2. 100% Foreign Ownership: One of the key advantages of ICAD Freezone is that it allows 100% foreign ownership of companies. This means that international investors can have full control and ownership of their business ventures without the need for a local partner or sponsor.
  3. Tax Exemptions: ICAD Freezone offers tax incentives to businesses operating within its premises. Companies registered in the freezone are exempted from corporate and personal income taxes, import and export duties, and capital gains taxes. This favorable tax environment enhances the profitability and competitiveness of businesses.
  4. Repatriation of Capital and Profits: ICAD Freezone allows unrestricted repatriation of capital and profits earned by businesses. This means that companies can freely transfer their funds back to their home countries without any restrictions, ensuring ease of financial operations and facilitating international business transactions.
  5. Streamlined Administrative Processes: ICAD Freezone provides a streamlined and efficient process for company formation and business setup. The freezone authority offers simplified administrative procedures, quick issuance of licenses, and a supportive regulatory framework, enabling businesses to establish their operations in a timely manner.
  6. State-of-the-Art Infrastructure: ICAD Freezone offers world-class infrastructure and modern facilities to support various industries. The freezone provides well-designed office spaces, warehouses, manufacturing facilities, and technology parks equipped with advanced amenities and utilities. This infrastructure enables businesses to operate efficiently and meet their specific operational needs.
  7. Industry-Specific Clusters: ICAD Freezone fosters industry-specific clusters, bringing together companies from related sectors. This clustering approach promotes collaboration, knowledge sharing, and synergies among businesses. It creates an environment conducive to innovation, research and development, and the exchange of ideas, ultimately driving growth and competitiveness.
  8. Skilled Workforce: Abu Dhabi, as a cosmopolitan city, has a diverse and skilled workforce. ICAD Freezone provides access to this talent pool, which includes professionals from various fields, such as engineering, technology, finance, and logistics. Businesses can tap into this pool of skilled workers to meet their staffing needs and drive their operations forward.
  9. Supportive Business Services: ICAD Freezone offers a range of business support services to assist companies in their operations. These services include legal and regulatory support, visa and immigration assistance, company registration and licensing support, and access to networking events and business development initiatives. These resources help businesses navigate the freezone ecosystem and maximize their growth potential.

What is the Process of setting up a Business in Industrial City of Abu Dhabi (ICAD) Free zone

The process of setting up a business in the Industrial City of Abu Dhabi (ICAD) Freezone typically involves the following steps:

  1. Initial Inquiry: The process begins with an initial inquiry to ICAD Freezone. You can reach out to the freezone authority to gather information, understand the requirements, and clarify any queries you may have.
  2. Business Plan: Prepare a comprehensive business plan that outlines your company’s activities, projected financials, and growth strategy. This plan will be essential for obtaining approvals and licences.
  3. Application Submission: Submit your application to ICAD Freezone, along with the required documents and the completed application form. The documents typically include your business plan, passport copies of shareholders and directors, and any other supporting documents as specified by the freezone authority.
  4. Review and Approval: ICAD Freezone will review your application and supporting documents. This process involves evaluating your business plan, financial viability, and compliance with the freezone’s regulations. Once your application is approved, you will receive an approval letter.
  5. Legal Documentation: Prepare the necessary legal documents, such as the Memorandum and Articles of Association, shareholder and director resolutions, and lease agreement for the office or warehouse space within ICAD Freezone. These documents will need to be notarized and submitted to the relevant authorities.
  6. License Issuance: Upon completion of the legal documentation, ICAD Freezone will issue the trade license and other permits required for your business operations. The license will specify the activities your company can undertake within the freezone.
  7. Visa Processing: If you require visas for your shareholders, directors, or employees, you can initiate the visa processing through ICAD Freezone. This involves submitting the necessary documents, such as passport copies, photographs, and medical fitness certificates.
  8. Office/Warehouse Setup: Secure the office or warehouse space within ICAD Freezone as per your business requirements. ICAD Freezone provides a range of options for workspace and facilities to accommodate various business needs.
  9. Company Registration: Complete the company registration process, which involves signing the legal documents, paying the required fees, and obtaining the company registration certificate from ICAD Freezone.
  10. Commence Operations: Once all the necessary approvals, licenses, and visas are obtained, you can officially commence your business operations within ICAD Freezone. Ensure compliance with the freezone regulations and any additional permits required for specific activities.

It’s important to note that the specific requirements and processes may vary depending on the type of company, business activities, and other factors. It is advisable to consult with a business setup service provider or ICAD Free zone directly to ensure accurate and up-to-date information for your particular case.

What are the Documents required to setting up a Business in Industrial City of Abu Dhabi (ICAD) Free zone

To set up a business in the Industrial City of Abu Dhabi (ICAD) Freezone, the following documents are typically required:

  1. Application Form: A completed application form provided by ICAD Freezone.
  2. Business Plan: A detailed business plan outlining your company’s activities, projected financials, and growth strategy.
  3. Passport Copies: Passport copies of all shareholders, directors, and authorized si