What is the government’s support for businesses in Kizad?

The government of Abu Dhabi and the Khalifa Industrial Zone Abu Dhabi (Kizad) administration offer comprehensive support to businesses operating within the zone. This support is aimed at promoting economic growth, attracting investment, and creating a favorable business environment.

The government of Abu Dhabi provides a number of support measures for businesses in Khalifa Industrial Zone Abu Dhabi (KIZAD). These include:

Free zone registration and licensing:

Businesses in KIZAD can register and obtain a license in a simplified and expedited manner. There are no corporate taxes or personal income taxes in KIZAD.

Tax breaks:

Businesses in KIZAD can benefit from a number of tax breaks, including a 100% exemption on customs duty and excise tax on imported raw materials and equipment.

Financial assistance:

The government of Abu Dhabi provides financial assistance to businesses in KIZAD through a variety of schemes, such as loans, grants, and equity investments.

Infrastructure:

KIZAD has world-class infrastructure, including roads, railways, ports, and airports. This infrastructure provides businesses with easy access to markets and suppliers.

Training and development:

KIZAD offers a variety of training and development programs for businesses, including workshops, seminars, and online courses. These programs help businesses to develop their skills and knowledge.

Business support services:

KIZAD provides a range of business support services, such as legal advice, accounting services, and marketing assistance. These services help businesses to operate effectively in KIZAD.

In addition to these measures, the government of Abu Dhabi is also working to create a favorable business environment in KIZAD. This includes measures to improve the ease of doing business, attract foreign investment, and promote innovation.

Here are some specific examples of government support for businesses in KIZAD:

In 2020, KIZAD launched a relief package for businesses that was designed to help them cope with the economic impact of the COVID-19 pandemic. The package included savings of up to 36% on new registrations and renewals, a waiver on the security deposit, and two months free on renewals.

In 2021, KIZAD launched a program to support SMEs in the automotive sector. The program provides SMEs with access to land, financing, and training.

In 2022, KIZAD launched a new business incubator to support startups in the food and beverage sector. The incubator provides startups with access to workspace, mentorship, and funding.

The government’s support for businesses in KIZAD is designed to create a vibrant and competitive business environment that attracts investment and creates jobs.

While the government’s support offers numerous benefits to businesses in Kizad, successfully navigating these opportunities requires strategic planning and comprehensive knowledge of the local business landscape. To ensure that your business effectively leverages the government’s support initiatives and optimizes the available incentives, I highly recommend seeking the expertise of BizDaddy, the top business consultant in the UAE.