twofour54 Free Zone
Key features of twofour54 Free Zone
100% company ownership
No restriction on capital repatriation
0% import tariffs
100% exemption from personal income tax and corporate taxes
30% cash rebate on international film and TV production spends
No minimum share capital requirements for the entity to be registered
No security deposit payable for required visas.
Types of business entity available for set-up
Free Zone Limited Liability Company (FZ-LLC) – An FZ-LLC is an independent legal entity that allows for individual shareholders/corporate shareholders or a mixture of both.
Branch – A Branch Company is a legally dependent part of a foreign company or existing free zone entity, which must therefore follow the business activity/licence of its parent company.
Sole Proprietor (Freelancer) – This low cost licensing option allows an individual to work in his/her personal capacity as a freelance media professional within the Free Zone. Individuals may take the licence for either six or 12-month periods.
Start-Up – This unique scheme allows individual entrepreneurs and start-ups to accelerate their growth whilst minimising costs. Companies can obtain a licence within the Free Zone without the need to rent a physical office.
Types of business premises available
Flexi Desk (Shared Office) – Hot desks that provide companies with everything needed to run their business from the Free Zone (Visa allocation - 2).
Serviced Offices – Fully operational offices of 10m2 and above that are suited to small and start-up companies of up to eight employees. Each office is a self-contained unit with full access to the twofour54 facilities (Visa allocation - 2).
White Label/Fitted-Out Offices – Offices of 35m2 and above with basic fit-out permitting occupiers to provide their own furniture and equipment (Visa allocation – 1 per 10m2).
Core and Shell Offices – Offices of 200m2 and above permitting companies to create their own unique office environment, which can be tailored to meet their specific business needs (Visa allocation – 1 per 10m2).