7 Reasons Why you should Consider IFZA Company Formation

7 Reasons Why you should Consider IFZA Company Formation

IFZA Company Formation

Ever since its establishment in 2018, the International Freezone Authority (IFZA) has quickly risen to become a preferred option for entrepreneurs seeking to establish a company in the UAE. IFZA is a free zone located in the UAE’s Emirate of Dubai. With flexible business licenses, simplified legal procedures, and a range of benefits such as no income taxes and no trade barriers, it is the perfect destination for many entrepreneurs.

7 Major Benefits of Company Formation in IFZA

There are a number of advantages for entrepreneurs who are moving their companies from another country to the UAE. Here are some of them: 1. Located in the heart of Dubai 2. Tax exemption by the UAE government 3. Multiple Business Activities Opportunities 4. Unlimited Networking Possibilities 5. Continuous support from the authorities 6. 100% Foreign Ownership & Easy Setup of a Bank Account 7. Option to open an LLC company

Other important features of the IFZA free zone

Here is a list of some common but equally important features that you’ll enjoy with IFZA company formation: Exemption from submitting an annual audit report, which can save investors both time and money.

No requirement for paid-up share capital, allowing investors to use their funds more flexibly.

The ability to apply for up to 3 years of visas for both owners and employees, gives businesses the time and resources to establish themselves in the market.

Types of licenses Available in IFZA 1. Service Licence: Suitable for businesses offering services such as consultancy, advertising, or IT. 2. Industrial License: Ideal for manufacturing or industrial companies that want to set up their operations in IFZA. 3. Trade License: Suitable for companies engaged in trading activities, such as import and export.

4. Commercial License: Designed for businesses that engage in commercial activities, such as retail or wholesale trading.

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