Are you planning to start or expand your business in the Dubai Free Zone Market? The IFZA Free Zone could be the perfect destination for you.
Let us tell you why:
The International Free Zone Authority, also called IFZA, established in 2018, is one of the most cost-effective and flourishing free zones among all other free zones in Dubai. Moreover, IFZA stands out as a distinctive business area as it is not governed by the Federal Commercial Companies Law which is applicable to Dubai mainland. Exclusive benefits like world-class infrastructure, straightforward legal procedures, flexible licensing, etc., make it an ideal location for foreign investors and global business owners who aspire to set up a company in the Dubai Free Zone.
Benefits of IFZA Free Zone Business Set-Up
The IFZA Free Zone offers exclusive benefits like a Lifetime Visa, tax benefits, networking possibilities, and more with endless opportunities for budding entrepreneurs, growing startups, global establishments, and anyone who desires to set up a business in the thriving market of the UAE.
Beneficial Geographic Location
IFZA is situated at the heart of Dubai, i.e., the centralized position of Dubai, with supreme connectivity to major business hubs and key global transportation including airports and seaports. This makes it a significant location for businesses that require access to the worldwide market for export and import activities and to easily engage with their global clients & partners.
100% Business Ownership
In IFZA, businesses will have 100 % ownership with full control over their operations, profits, and decision-making processes. IFZA does not require a local sponsor to set up a business.
Tax Benefits
The major advantage of starting a business in the UAE Free Zone is the tax exemption. Yes, the businesses in the IFZA freezone will enjoy 100% tax exemption on corporate income. Also, personal income tax is also not applicable in the IFZA Free Zone.
For most business activities in the IFZA, there are no VAT requirements which is particularly advantageous for startups and entrepreneurs.
World-class Infrastructure
IFZA has the best infrastructure for a wide range of industries like trading, logistics, manufacturing, healthcare, digital services, and many more. From startups to large establishments, there are multiple facilities like shared workspaces, private offices, state-of-the-art warehouses, and the IFZA businesses park has exclusive amenities with spaces for events, conferences, and business meetings, etc.
Cost-effective Business Solutions
If you’re planning to start a business in Dubai IFZA Free Zone, you can find cost-effective business solutions tailored to your business. Based on your business nature, IFZA offers a wide range of packages for business setup including licensing options and office locations with competitive pricing structures. As there are flexible options available for business setup in Dubai IFZA Free Zone, you’ll be able to choose a solution that suits your needs and budget.
Minimal bureaucracy
IFZA’s buregulations and trade license for different business activities make it stand out from other free zones. Various distinct businesses in IFZA have the flexibility to operate under a single trade license. The business setup process in IFZA is straightforward with less paperwork and the bank account opening process can be done quickly. To make the business setup process even easier and for a smooth & efficient business setup process, you can approach a company setup professional who will help you set up your company in the IFZA free zone quickly without any hassle.
No Currency Restrictions
One of the highlighting benefits of having a business in IFZA is they do not have any currency restrictions. IFZA offers flexibility to make transactions in any currency i.e. euros, dollars, or any other currency, making it convenient for effective financial management and international trading. With this flexibility, financial operations got much easier for businesses operating in the IFZA Free Zone.
Networking Opportunities
IFZA boasts strategic location along with a thriving business community, which provides plenty of opportunities for networking. Whether you are a startup or an established business, IFZA creates a vibrant environment for collaboration. IFZA is the best place for businesses to connect with leading businesses, find potential opportunities, and strengthen their operations through effective collaborations.
Set up your business in Dubai IFZA Free Zone Today!
Starting a business in Dubai will substantially benefit businesses with its strategic location, tax advantages, business-friendly regulations, and many more. If you’re considering launching your business in the UAE Free Zone, IFZA will be the ideal location that presents a vibrant community and dynamic environment for a range of businesses and activities.
With the right guidance at the right time, you can set up your Company in the IFZA Free Zone confidently! Our expert team of professionals will help you choose the right business activity, open a bank account, obtain a license, office setup, and more. Experience smooth and hassle-free company formation in Dubai, Contact KGRN Chartered Accountants for expert guidance. Let’s turn your vision into reality!
FAQ
What is IFZA?
IFZA is a free zone community particularly designed for business growth with specific privileges for investors and business owners.
Why should you set up a business with IFZA free zone?
IFZA boasts a flexible regulatory framework with inexpensive business solutions offering unparalleled opportunities and benefits to entrepreneurs and global businesses looking to start a business in the UAE free zone.
What are the business activities available in the IFZA free zone?
IFZA promotes several business activities, including trading, consulting, computer trading, tourism, travel, real estate, e-commerce, and more, making it a versatile location for businesses operating in different domains.
What are the entity types allowed to be registered in IFZA?
A wide range of entity types can be registered in IFZA, such as including sole proprietorships, limited liability companies, and branch offices.
