Nowadays, the United Arab Emirates is known worldwide as one of the topmost destinations for foreign entrepreneurs and startups. Among numerous special economic zones located in the UAE, one of the leaders is the Abu Dhabi Free Zone called twofour54. It specializes in various media fields, including games, digital content creation, film production, and more.
twofour54 Free Zone Background and Overview
The twofour54 Abu Dhabi Free Zone was established in 2008 with a goal of turning Abu Dhabi into one of the main centers of the global media industry. As part of its special economic zones, it provides foreign investors and independent contractors with a platform aimed at boosting media and creative industries.
Today, the twofour54 Free Zone hosts dozens of companies specializing in various media spheres.
twofour54: What It Is and What It Offers to Investors
twofour54 is a media-oriented free zone located in Abu Dhabi, UAE. The idea of the twofour54 Free Zone is to establish itself as a key player in terms of putting Abu Dhabi on the map of creative and entertainment media industries.
Therefore, its operations are organized under the supervision of the Abu Dhabi Creative Media Authority, dealing with the following types of businesses:
- Film and television production
- Broadcasting
- Gaming and esports
- Digital media
- Advertising and marketing
- Music and entertainment
- Publishing
- Content creation
In its turn, today the twofour54 Abu Dhabi Free Zone hosts dozens of companies and media specialists operating in different spheres related to media production.
Why Should You Set Up Business in twofour54?
Full 100% Foreign Ownership
One of the key advantages of establishing a company in the twofour54 Free Zone is the opportunity to be a 100%-foreign owned business entity.
Specialized Media Ecosystem
Compared to general economic free zones, the twofour54 Abu Dhabi Free Zone is completely devoted to the development of media and entertainment. This gives businesses more chances to network, collaborate and get connected with various production houses.
State-of-the-art Filming Infrastructure
Among other things, the twofour54 Free Zone offers companies opportunities such as access to modern studios, virtual production capabilities, editing facilities and filming infrastructure.
Moreover, the zone provides facilities for shooting major Hollywood films and productions from international media companies.
Multiple Business Setup Opportunities
Depending on each entrepreneur’s particular needs, it is possible to choose different licenses in the twofour54 Free Zone. Such licenses include freelancer licenses, startup packages, branch offices, and free zone LLCs.
Perfect Abu Dhabi Location
Another advantage of the twofour54 Free Zone is its convenient location in Abu Dhabi. Thus, companies receive access to the capital of the country, which has strong business opportunities and stable economic growth.
Big Companies and Media Production Projects in twofour54
The list of companies registered in the twofour54 Free Zone consists of internationally recognized brands such as CNN, BBC, Sky News Arabia, and Ubisoft.
In addition, twofour54 supports the work of major Hollywood film studios during the shooting of movies filmed in Abu Dhabi:
- Mission: Impossible
- Fast & Furious
- 6 Underground
- F1 productions
All of them help boost Abu Dhabi as a major location for international film production.
How to Start a Company in twofour54 Free Zone
Opening a company in Abu Dhabi in the twofour54 Free Zone implies following such procedures as:
- Choosing a field of activities
- Choosing a type of license
- Preparing and submitting required documents
- Getting all necessary approvals
- Getting office space in the zone
- Getting work visas in Abu Dhabi
Moreover, the twofour54 Abu Dhabi Free Zone offers services for supporting businesses with the process of opening.
How twofour54 Contributes to Developing the UAE Media Industry
Despite being traditionally oil and gas rich, the UAE seeks to diversify its economy. Among others, it means the development of media and technology industries.
In this respect, it plays an instrumental role in achieving these goals while supporting innovation, digital transformation, and creative technologies.
Final Words
The twofour54 Abu Dhabi Free Zone has already proved its effectiveness in terms of media and creative industries. In general, it offers various infrastructure facilities and opportunities to do business, as well as supports entrepreneurs and foreign businesses.
Considering ongoing investments in innovation, entertainment, and artificial intelligence made by Abu Dhabi, it will continue to grow successfully.
