IFZA, The International Free Zone Authority was formed in 2018, and since then it has been a perfect choice for businessmen and entrepreneurs to start their businesses. IFZA stands out from other free zones in the case of services they provide, and these services are regarded as international and effective standards. It is a very well-focused ecosystem for innovations. It is located at just a 20-minute drive from Dubai international airport and downtown Dubai. Besides its services and effectiveness, it provides better opportunities for new entrepreneurs. Today, we will look into why IFZA company formation is so appealing to entrepreneurs and businessmen from all over the world. Dubai has a strategic location with the world in case of shipping ports and as well as air travel, Hence it makes Dubai one of the top destinations in the world for business. Along with that, the government is providing a lot of benefits to the business in all sectors, and most important of those happens to be in free zones.
Benefits of Starting a Business in IFZA Free Zone
• Cost-Effectiveness
Business setup in IFZA Free Zone is easy and cost-effective. The company formation process is effortless when done with the expert assistance of Company Setup consultants like RKHBC. Even after the assistance of a company formation consultant, setting up a company is very much affordable.
• Adaptable Business Activities
The IFZA Free Zone allows you to perform trading, service, and industrial business activities under one license. The IFZA officials have listed all the possible business activities under four business trade licenses. there are very few economic jurisdictions in the UAE that allow adaptive business activities.
• Easy Bank Account Setup
Opening a bank account becomes very easy in the UAE When you own a business trade license from the IFZA. The usual process of opening a bank account in the UAE is complicated and the IFZA trade license makes the entire process much easier.
• Availability of Limited Liability Company
The IFZA Free Zone allows businesses to select the Limited Liability Company option along with a wide range of company structures for new and existing businesses.
• Advantageous Geographic Location
The strategic location of the IFZA Free Zone inside Dubai also aids in a lot of benefits. Easy accessible and supportive environments aid your business in multiple ways.
• Available Skilled Talents
You can hire from anywhere in the world and find the perfect fit for your company. Dubai attracts talents and laborers from all over the world and you can hire them as per your requirement.
• 100% Foreign Ownership Allowed
When you are starting a business in the IFZA Free Zone, you can own 100% of any business that you start here. The government of the UAE usually does not allow 100% in sectors that are important.
• Excellent Standard of Living
The Standard of living in Dubai is compared to that of world nations and is best UAE. you can have all kinds of amenities and can raise your family here.
there are many free zones situated all over UAE and IFZA holds a special position in it. In the overall business development of UAE and in ensuring a bring future for companies across the world and people coming here to make a living. If you have any queries regarding building up your business in UAE kindly contact the best Business setup consultant in UAE, RKHBC. which is backed up by the business experience of Mr.Rashid al Habtoor
