Dubai, officially referred to under the International Free Zone Authority, has quickly become the preferred option for entrepreneurs seeking to establish their businesses within the United Arab Emirates since its beginning in 2018. The area is inside Dubai, the Emirate of Dubai; IFZA provides entrepreneurs with a no-cost environment that offers advantages such as the flexibility of business licenses, easy legal procedures, and attractive benefits like zero income tax and no trade restrictions. This blog will outline why entrepreneurs should consider IFZA as a place to start a business.
Critical Advantages of IFZA Company Formation
Entrepreneurs who relocate their operations from other countries to the UAE have numerous advantages. Here are a few notable advantages to deciding to move to IFZA:
Strategic Central Location in Dubai
In the middle, in Dubai, Digital Park and IFZA Free Zone provide easy access to prominent business hubs and international transportation networks. This location is strategically placed to make it a perfect choice for businesses that want unimpeded global connectivity.
A low Corporate Tax system
One of the main benefits of operating in a free zone, like the IFZA Free Zone in Dubai, is the tax-friendly environment. Setting up your business in the IFZA Free Zone benefits you from a lower corporate tax, a zero personal income tax, and an exemption from the current VAT rate 5. Furthermore, Free Zone Companies benefit from the freedom to conduct currency transactions in addition to being free of export and import taxes.
FreeZoneMarket is the leading service provider that provides FREE consultation assistance to establish an IFZA Dubai firm.
Numerous Business Opportunities for IFZA Dubai
IFZA Dubai allows businesses to participate in many industries, including consulting, trading technology, media, etc. The broad range of options allows companies to pursue their passions and use their expertise by creating the most value in their chosen areas.
100% Foreign Ownership & Simplified Bank Account Setup:
The free zone status granted by IFZA allows for full foreign ownership, allowing entrepreneurs to have complete control over their companies without the need for local sponsors. Beyond the benefits of ownership, getting the IFZA business license simplifies the procedure of opening accounts with banks by eliminating the need for lengthy paperwork as well as other obligations.
Chances to network with IFZA Dubai
One of the main benefits of setting up your business within the IFZA Free Zone is its broad networking potential. Entrepreneurs can connect with their colleagues, learn from their experiences, and examine business strategies. It can be highly beneficial when deciding to start your own business.
Support of IFZA Free Zone
The IFZA’s appeal is further strengthened by the ongoing support provided by UAE government agencies for entrepreneurs who are just starting. Assistance is available 24/7 via assistance numbers and email addresses, ensuring that people, particularly those new to Dubai, are given guidance on navigating the many aspects of business setup.
Save More Money with Effective Desk
Are you searching for the best Business setup consulting company? Effective Desk is a platform that creates companies in Dubai where entrepreneurs can sign up, renew their company’s license, and receive assistance obtaining visas and bank accounts.
Suppose you need help locating your company’s activity at IFZA Dubai or to look for low-cost business setup options. In that case, another option may include the Meydan Free Zone or the Sharjah Free Zone.
We offer a range of business establishments in Dubai and throughout the UAE for both companies and businesses. We provide a vast array of services for our customers!
Please contact us at +971 567021618 or via email at admin@effectivedesk.com. We’re here to help you with the process.