Correct spelling for the English word "ADAFZ" is [ɐdˈafz], [ɐdˈafz], [ɐ_d_ˈa_f_z] (IPA phonetic alphabet).
ADAFZ is an abbreviation that stands for Abu Dhabi Airport Free Zone.
Abu Dhabi Airport Free Zone is a designated economic zone located within the vicinity of Abu Dhabi International Airport, in the capital city of the United Arab Emirates, Abu Dhabi. It is a specifically designed and regulated area that offers a wide range of incentives and benefits to both local and international businesses.
As a free zone, ADAFZ provides unique advantages and streamlined procedures to promote foreign direct investment and boost economic growth in the region. It offers an array of tax breaks, including 50 years exemption from corporate tax, import and export duties, and personal income tax. Companies operating within the ADAFZ enjoy 100% foreign ownership and can repatriate all capital and profits without any restrictions.
ADAFZ has state-of-the-art infrastructure and facilities to cater to various industries like aviation, logistics, aerospace, technology, retail, and more. It provides flexible office spaces, warehouses, and land plots for businesses to establish their operations. Moreover, ADAFZ offers a range of business support services, including simplified company formation, visa processing, and access to a skilled workforce.
Overall, ADAFZ serves as a business hub that encourages investment, innovation, and economic diversification. It aims to attract both established corporations and startups from around the world, fostering trade, investment, and technological advancements within the Emirate of Abu Dhabi.