Benefits of Starting Your Business in IFZA Free Zone

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Benefits of Starting Your Business in IFZA Free Zone

Benefits of Starting Your Business in IFZA Free Zone

The United Arab Emirates has been ranked first in the region when it comes to ease of doing business, according to the World Bank Doing Business 2020 Report. The World Economic Forum ranks the economy of the United Arab Emirates as the most competitive in the region, according to its Global Competitiveness Report 2019. Dubai, for its part, ranks as the seventh safest city in the world, according to Numbeo, which relies on crowdsourced information.
Ease of doing business in a competitive economy with a stable local currency and a favourable business climate in one of the safest cities in the world – what more could you ask for?
The International Free Zone, run by the International Free Zone Authority or IFZA, only tries to make things easier. It is located at Dubai Digital Park, where sunlight streams in through the windows and lends itself to a most comfortable working environment. IFZA company formation is an easy affair, and you do not even have to be physically present for the incorporation process. IFZA offers multiple business activities to be carried out with a single Business License.

Strategic Location

The International Free Zone is strategically located in Dubai, which is home to international air carrier Emirates that flies to 161 destinations across 85 countries in six continents. Two-thirds of the world’s destinations can be reached by means of a flight that takes eight hours or less from Dubai. The Dubai International Airport is also officially the busiest airport in the world in terms of international passenger traffic. Dubai is now considered to be at par with the likes of New York, London, and Singapore.

Dubai is home to 3.4 million residents who belong to 200 nationalities from across the world. So you will have no difficulty finding the right talent for your company.

The International Free Zone has an added advantage – it is located close to the International City in Dubai, which is a planned 800-hectare urban development that houses 60,000 residential units. The International City is also home to a mall with 4500 parking spaces and in the vicinity of several hospitals and clinics. So if you set up your company in the International Free Zone, it will be very easy for your employees to come in to the office. The free zone is located only 20 minutes from the Dubai International Airport.

Different Business Activities Possible

At IFZA Dubai, you can avail yourself of a Professional License if you wish to offer consultancy services. You could get a Commercial License if you plan to engage in the import/export of items, as well as distribution and/or storage. An Industrial License is also available upon request, and the International Free Zone, Dubai allows you to combine Professional, Commercial, and Industrial activities under one Business License. You can also incorporate the Branch of a foreign company at IFZA Dubai.

IFZA Dubai has also partnered with Dubai Silicon Oasis, which is another UAE free zone that is home to several emerging technology companies. Under the terms of the agreement, companies incorporated in the International Free Zone, Dubai can operate out of Dubai Silicon Oasis. This gives you the opportunity to collaborate with technology companies. The Dubai Silicon Oasis is also located in a planned urban development that is loaded with amenities and very popular with couples and families.

Advantages of Starting Your Business in IFZA Free Zone

Advantages of Starting Your Business in IFZA Free Zone

In the United Arab Emirates, the local currency UAE Dirham is pegged to the US Dollar at the rate of 1 USD = 3.67 AED. This means that those who deal with international consignments will find it easy to accept payment in global currency USD without worrying about local currency fluctuations. The United Arab Emirates also has a strong legal framework and ranks first in the entire Middle East-North Africa region for law enforcement according to the World Justice Project Rule of Law Index 2020.

Why Choose a Business Setup Consultant for Starting Your Company in IFZA Dubai?

SetUpACompany.ae is a provider of corporate services in Dubai, United Arab Emirates. We have been officially recognized by IFZA Dubai as one of their Professional Partners. We have assisted thousands of entrepreneurs with company formation in Dubai, and we have an excellent client satisfaction rate so far. Our team speaks multiple languages, and their cross-functional expertise spans Business Consulting, Tax Advisory, Legal, and Corporate Finance. For more details, get in touch with us at +971 50 427 3503

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