KIZAD – Khalifa Industrial Zone
KIZAD stands for Khalifa Industrial Zone Abu Dhabi. It is a state-of-the-art Free Zone located next to Khalifa port – one of the most developed ports in the world.
As of now, it is the most affordable Abu Dhabi Free Zone.
It came to the market quite recently, together with another popular zone in Fujairah called IFZA, however KIZAD offers more physical facilities, especially for storage, production and distribution.
OFFICES AND WAREHAUSES IN KIZAD
KIZAD industrial zone has one of the highest quality warehouses among all UAE free zones. They do not require high investments in order to move in and start working.
KIZAD master plan is designed to fit all the needs of manufacturing, trading and storage companies. Khalifa Port connects the free zone with more than 60 international destinations.
Apart from that, the free zone offers flexi-desks and offices to accommodate businesses with any business activity.
A good thing about this zone is if you are renting an executive office, the trade license is given free of charge.
KIZAD free zone offers a vast list of activities with its focus on the following sectors:
It has attractive tax conditions for manufacturers producing goods in the free zone and re-shipping them to other countries. You can claim tax exemption on raw materials as well.
KIZAD also have service activities related to:
- Freight forwarding support
- Travel agencies and many more
KIZAD license is allowed to have 5 similar business activities. The business activity will be added to your company name, for example: ABC food and beverages trading LTD.
Service activities require a proof of educational degree.
BUSINESS SETUP IN THE FREE ZONE
You can register both Free Zone and non Free Zone companies through KIZAD authority. KIZAD company can be a zero visa and visa eligible packages.
There is also an offer to get a dual license with Abu Dhabi Department of Economic Development. It will allow to operate within the free zone and in the mainland area as well.
Documents you need for the setup:
- Passport copy
- Passport size photo
- Bank reference or statement
- Business plan
KIZAD Khalifa industrial zone does not have a fully remote registration option, but you need to visit its office only once either in Abu Dhabi or Dubai.
Proof of minimum share capital of 26 000 AED is required to be deposited to your corporate account after 60 days from the date of company formation.
Renewal cost of the license will be exactly the same as its incorporation fee.
Financial audit is not required. Renewal can be done without the physical presence of the company owner.
Company amendments can be applied for only by the company’s shareholders or by a company representative with Power of Attorney.
As usual, amendments can be the following:
- Change of manager/director
- Shares transfer
- Name change
- Activity change
Company liquidation costs 2,625 AED and takes about 1 month.
The company needs to appoint auditors as liquidators and they have to issue confirmation that the company has no liabilities in the market.
All resident visas must be closed prior to the liquidation.
Corporate bank account needs to be closed as well.
KIZAD is a great option for those who need their business to be registered in Abu Dhabi or plan to set up a manufacturing activity next to a port.
Alternative solution can be business setup in Sharjah Airport Free Zone, which has a lot to offer for industrial companies too.