Facilities Available for Company Formation in ICAD
The industrial clusters in ICAD are strengthened with world-class infrastructure and reliable and robust utility and communication networks. The investors benefit from highly developed roads, storage hubs, and logistics hubs which makes the company formation in ICAD an attractive prospect. The companies operating in ICAD enjoy faster and easy access to multiple ports and airports. ICAD is blessed with easy connectivity by sea, land, and air, especially over 200 air routes from Abu Dhabi and Dubai.
The business set up in ICAD is perfect for industries ranging from steel & metals to construction material, logistics, food, and oil and gas.
The cost-effective and flexible plot size appeals to a wide variety of investors. Just as appealing is the mix of heavy and light industries that range from Planned, constructed, and operated under the highest technical and environmental standards, ICAD complements existing and planned initiatives featuring adequate scalability to accommodate future demand and growth.
Industrial Zones in ICAD
Around 400 manufacturing companies have set up businesses in ICAD that employ 30,000 employees. ICAD currently has mainly five industrial clusters that bolster the manufacturing business setup in Abu Dhabi. Each of the clusters caters to specific forms of industries and the best business setup consultants in Abu Dhabi offer valuable insights into which cluster is better for the investors.
a) ICAD I
The ICAD I cluster has been developed for companies that operate in sectors such as heavy to medium manufacturing, engineering, and processing.
b) ICAD II
Company formation in ICAD II cluster is suitable for light to medium manufacturing, engineering, and processing industries.
c) ICAD III
This is for the industries that focus on light to medium engineering and processing with an international focus. The target sectors of ICAD III are wood processing and engineering, chemicals and plastics, construction materials, high-tech industries, food, and textiles.
d) ICAD IV
This is for industries that focus on technology and light manufacturing.
e) ICAD V
This is for industries that focus on automotive or automobile manufacturing.
Why Choose Jitendra Business Consultants?
The Industrial City of Abu Dhabi is a globally known industrial hub that facilitates the formation of manufacturing companies. ICAD boasts of highly developed infrastructure, robust plots of land for lease, and excellent connectivity by sea, air, and land. The company formation in Abu Dhabi is generally an easy process but the lack of sound knowledge in local laws and regulations may lead to delays in the process. Further, initiating the process of manufacturing business setup in Abu Dhabi involves the requirement of obtaining approvals from concerned authorities and ministries. This is where the services of reputed business setup consultants in Abu Dhabi such as Jitendra Business Consultants (JBC) come in handy for the investors.
The Process of Business Setup in ICAD
The process of setting up a business in ICAD is pretty straightforward but involves approvals from authorities. Consulting reputed business setup consultants in Abu Dhabi is the most effective way for a hassle-free company formation process. The process of business setup in ICAD can be initiated through the following steps:
- Determine Business Activity
- Choose a Legal Structure
- Reserve a Trade Name
- Secure Initial Approval
- Obtain External Approvals from Relevant Ministries
- Obtain License
The Process of Obtaining Industrial License in ICAD
The investors need to apply for the license with the completed application form and valid documents. The ZonesCorp will review the application and will be considered for offering the land plot for constructing the manufacturing facility. The investors can get the land of the plot within two weeks of submitting the completed application. Upon approval of the application, the investor can sign a pre-lease agreement with the ICAD authority.
After entering into the pre-lease agreement, the investors need to apply for a preliminary industrial license. The preliminary industrial license enables the investor to enter into a land lease agreement for constructing the facility. After completing the facility, the investor can apply for the permanent industrial license to start the production.
The Preliminary Industrial License also enables the investor to import equipment and raw materials. It must be noted that the land cannot be purchased for business setup in Abu Dhabi but ICAD will grant the plot of land for 30 years lease.
Why You Should Choose to Set up a Business in Abu Dhabi?
By setting up a business in Abu Dhabi, the investors can easily cater to an international client base. Abu Dhabi is in close reach of the world’s best business destinations, especially the markets in the Middle East North Africa (MENA) region.
Company formation in Abu Dhabi lets the investors excellent connectivity options as the Mussaffah port is only a 10-minute drive from ICAD. Zayed Port, which is located on Abu Dhabi Island is a 20-minute drive from ICAD. The Khalifa port is only 40 minutes away and the award-winning Jebel Ali Port is just one hour away. ICAD also provides investors with access to two world-class international airports in Abu Dhabi and another two in Dubai.
JBC is one of the most experienced business setup consultants in Abu Dhabi providing business setup services in all the seven emirates in the UAE. JBC has a team of highly qualified business setup consultants who are well-versed in the laws and regulations especially the labour laws and immigration laws. The JBC consultants are also experienced in dealing with the authorities which makes the process of business setup in Abu Dhabi much faster.