Company Registration in the Media Zone "twofour54" Abu Dhabi, the UAE

Want to set up a firm in a Media Zone “twofour54”, Abu Dhabi? We can assist you in starting a business or in buying a shelf company in Media Zone with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in “twofour54” Media Zone includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of the UAE. The total price of company registration includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).

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Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
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Apostilled bound set of incorporation documents
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Nominee service per year
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Bank Account Pre-approval
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Price
5 500 USD

5 500 USD

6 110 USD

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Company registration in Media Zone “twofour54”

The twofour54 media zone gets its name from the geographical coordinates of Abu Dhabi. Established in 2008, twoofour54 aims to develop Abu Dhabi's media industry. Its goal is to develop the media industry in Abu Dhabi and turn the UAE capital into a global media hub. a global media hub. Twofour54 is a fast-growing media zone, providing the infrastructure to attract international, regional and local media companies.

Twofour54 welcomes companies whose core business is whose main activity is the realization of media projects. Media Zone provides a wide range of licenses for content creators, advertising Media Zone provides a wide range of licenses to content creators, advertising agencies, media resellers, etc. Twofour54 actively licenses companies involved in the gaming industry, including cyber sports.

Company registration

To register a company in Media Zone twofour54 needs:

1. Define a company name to check for uniqueness (at least 3 variants):

  • must not be identical or similar to the name of an existing company;
  • Latin alphabet characters are allowed;
  • the company name must end in "Free Zone Limited Liability Company" or "FZ-LLC".

2. Determine the structure of the company (director, shareholders, manager).

3. Define the type of license.

In the twofour54 media area, there are two twofour54 media zone has two main types of licenses:

  • General licence - allows the owner to operate in different fields of media activities.

Examples of general licences are: animation, Examples of general licenses are: animation, streaming service management, social network management, event management, etc. events, etc.

  • Gaming license - allows the owner to conduct activities in the field of gaming.

Examples of gaming licenses: development content development in the gaming industry, the organization of cyber-sports events, the provision of cybersecurity services.

4. Pay for the services.

5. Submit the documents for the directors / shareholders / attorneys (either originals or notarized copies):

  • Internal and foreign passports;
  • a document confirming the address (if the registration is not stamped in the internal passport);
  • CV (curriculum vitae).

For the shareholders it is additionally necessary to submit:

CV in the form of a letter:

  • telephone number, e-mail address, residential address, country of residence, mother's name, marital status, religion, nationality;
  • no legalised documents are required in relation to the founder/shareholder of the company.

7. Prepare and submit a set of documents for company registration, sign the documents with the officers and shareholders of the company.

The following documents are prepared for filing with the registration authority:

  • Application for company registration (signed by shareholder);
  • No Objection Letter (letter from sponsor) - if there is a valid UAE visa issued by another company;
  • Charter and Memorandum of Association;
  • Business plan for the next 3 years;
  • Power of Attorney for representative (if registration is done remotely);
  • Copies of passports and CV of director, manager, shareholder.

8. Receive the registration documents and stamp.

Upon registration, the Media Zone Administration will issue the following documents:

  • Certificate of registration, indicating the number and date of registration, type of license, information about company's shareholder and shareholders' equity;
  • Register of shareholders;
  • License for company activity (license is valid for 1 year);
  • Office rent agreement (valid for 1 year);
  • Shares certificate;
  • Charter and memorandum of incorporation.

A seal of the company is also issued.

The total term of the company registration in Media Zone “twofour54” is on the average 15 working days.

Registered office

At the time of registration, an office rental agreement is drawn up between the company and The media zone administration shall draw up an office rental agreement. The address of this office is considered to be the official legal address of the company.

As office space twofour54 offers a variety of office space options from a hot desk (analog of a co-working space) up to a fully-fledged office. The choice of office space influences the number of visas and the types of licenses issued.

Seal

Companies are required to have a seal.

Redomiciliation

Redomiciliation of companies to and from the UAE is permitted.

Company structure

Director

Only a natural person may act as a director. There are no residency requirements for directors.

The minimum number of directors is 2.

Information on the directors is not publicly available publicly available.

There is a possibility to appoint one of the directors as the Chairman of the company of the directors as the Chairman of the company.

Secretary

The company secretary can be a natural person.

The minimum number of secretaries is 1.

Information on the secretaries is not publicly available publicly available.

Manager

The manager can only act as natural person. There are no residency requirements for managers.

Minimum number of managers - 1.

May coincide with a director / shareholder.

Information about managers is not publicly available publicly available.

Shareholders

Individuals and legal entities are allowed, there are no residency requirements. The minimum age of a shareholder is 18 years old and the maximum age is 60.

Minimum number of shareholders - 1, the maximum number is 50.

In the twofour54 media area, there is no requirement for obligatory presence of a local shareholder in the company structure.

Information on shareholders is not publicly available publicly available.

Beneficiary

Although many jurisdictions are discussing the creation of a public register of beneficial owners, the UAE does not yet have one. This means that there is no public access to beneficial owner information. It is held by the registration agent. Beneficiary information can only be disclosed to regulators (e.g. during inspections for its availability) or by court order.

Share capital and shares

There is no minimum share capital requirement.

A company may issue shares of different classes.

There is no requirement to provide proof of payment of share capital in order to register the company.

Core Services

Incorporation

Price5 500 USD

company registration services (name check, collection, preparation and submission of documents for registration, licence selection, transfer of original corporate documents; communication with government authorities on all company matters; maintenance of company portal in freeson and in migration; keeping track of legislative changes, informing on changes and the need to adjust company activities/ structure); compliance checks; postal services (collection/transfer of documents and other correspondence); company printing

Corporate legal services

Price4 500 USD

communication with state authorities on all company matters; maintenance of the company portal in the freezone and in migration; monitoring changes in the law, informing about changes and the need to adjust the activities / structure of the company); compliance checks; monitoring deadlines and making payments for company renewal and office lease agreement; postal services (collection / handover of documents and other correspondence)

Obtaining a residence visa

Price4 200 USD

Costs per investor visa, including: payment of all government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport); necessary documentation services; escort services and travel costs (travel to the clinic, to the immigration office)

Bank account opening support services

Price2 500 USD

Regardless of the outcome

Delivery of documents by courier mail

Price250 USD

DHL or TNT, at cost of a Courier Service

Nominee Director

Paid-up “nominee director” set includes the following documents

Nominee Shareholder

Paid-up “nominee shareholder” set includes the following documents

Compliance fee

Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder), signing of documents

Basic

Price350 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price150 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price200 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price450 USD

Signing of documents

Price100 USD

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