Abu Dhabi Airports Free Zone (ADAFZ) has welcomed logistics firm GAC Abu Dhabi as the latest addition to its cargo terminal free zone site.
Moving to the ADAFZ free zone brings benefits of moving cargo to other free zones in the UAE without having to pay customs duties.
Other benefits include 100 per cent foreign ownership and zero per cent corporate or personal income tax.
Registered free zone companies pay no import or re-export duties, have no restrictions on capital repatriation and no currency restrictions, as well as being eligible for a full range of business activities licences.
Licenced companies operating from ADAFZ are eligible for a dual licence that enables them to operate from outside of the free zone.
ADAFZ acting general manager, Adel Al Taheri says: “Abu Dhabi Airports Free Zone is at the heart of diverse economic activity in the emirate of Abu Dhabi, with unrivalled services and facilities for logistics firms and many other vital industries that provide access to global markets. We are pleased to welcome GAC to ADAFZ, and are confident that its customer base will see the benefits.”
GAC Abu Dhabi managing director, Goran Eriksson says: “We are in business to help our customers achieve their strategic goals. We have been doing that by meeting their speed-to-market targets with our presence and 24/7 services at the airport since 1994. Now, we have now gone a step further by registering our free zone branch to help our customers further reduce costs.”