Twofour54 Free Zone

Twofour54 in Abu Dhabi was established in the year 2008 to provide a business hub for local, regional and international media companies. It is a media free zone set up by the Media Zone Authority (MZA) to position Abu Dhabi as a regional center of excellence and a prominent player in the Arabic media content creation industry. MZA aims to create a platform for the inclusive development of Arabic media and entertainment content in all spheres (Events, Film, Digital Media, Publishing, Music, Broadcast, Gaming, etc.). Additionally, Twofour54 supervises the implementation of the operational policies and strategies in the free zone. Prominent media houses like Thomson Reuters Foundation, CNN, Financial Times, BBC, etc. have set up their operations in Twofour54. It also has a talent pool of nearly 4,000 professionals, including 600 freelancers.

There are 3 major key pillars through which twofour54 delivers its advanced infrastructure for setting up business in Abu Dhabi free zones. They are:

• Twofour54 Tadreeb (the training academy)
• Twofour54 Ibtikar (innovation and support)
• Twofour54 Intaj (state-of-art production facilities)

It is supported by business enabler twofour54 Tawasol (one-stop-shop).

Types of Business Setup in TwoFour54

There are 4 types of business structures available at twofour54 Abu Dhabi media free zone:

1. Free Zone Limited Liability Company (FZ-LLC)

It is an independent legal entity which includes independent shareholder(s), corporate shareholder(s) or a mixture of both.

2. Freelancer

This allows individuals to operate as a freelance professional in the twofour54 media zone and entertainment hub.

3. Branch of a Company

A branch is a representation of an existing company in the UAE or a foreign company operating in one of the jurisdictions in the UAE.

4. Start-Up

A start-up can be chosen by an entrepreneur wanting to start a business in digital content creation and/or content production for TV, web and cinema.

Business Licensing Segments in twofour54

Twofour54 focuses on media and entertainment organizations and issues license primarily for the following segments:

• Mobile
• Gaming/Animation
• Production
• TV/Film
• Online
• Publishing

 Benefits of Setting Up a Business in twofour54

• Full foreign ownership
• No taxes on corporate income
• Full repatriation of capital and profits
• No taxes on import and personal income
• 30% cash allowance for international film and TV production
• A unique campus environment with facilitated business networking
• An on-site media training academy for media professionals
• On-site HD production and post-production facility

For more details, get in touch with us.