Abu Dhabi Airport Free Zone (ADAFZ) has pushed through measures to reduce the registration and operation costs of companies active in the area. 

The ADAFZ has received a registration exemption for new companies setting up in the zone, the company disclosed in March. It is also waiving all licence fees for new companies. Overall, it expects these measures to cut all related set-up costs by 65%. 

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At the same time, the ADAFZ also has an exclusion for value added tax (VAT) in designated zones across its properties for its customers. 

“This new approach of reducing cost and time [will] boost Abu Dhabi’s economic competitiveness,” Bryan Thompson, chief executive officer of Abu Dhabi Airports told local newspaper Gulf News. 

“This is being done through a number of initiatives and incentives that aim to attract businesses and institutions to establish themselves in the emirate, ensuring sustainable growth across all economic sectors and strengthening Abu Dhabi’s status on the world economic stage.”

The ADAFZ is home of more than 200 companies active across aviation, airport services, IT, consultancy management, logistics and cargo, and freight sectors. The zone offer them a hub for all aviation-friendly and light industrial activities that seek to benefit from close proximity to the airport for import and export requirements.