Top 5 Reasons Why You Should Setup An IFZA Free Zone Company
International free zone authority (IFZA) is now one of the UAE’s fastest-growing economic zones. Due to its cost-effectiveness and a wide choice of commercial activities to pick for company incorporation, it is a favorite free zone among existing and prospective entrepreneurs.
International Free Zone Authority (IFZA) is an attractive place to establish a business for various reasons. It is strategically located inside the UAE’s vibrant commercial gateways. Suppose you want to be a part of one of Dubai’s fastest expanding economic zones. In that case, the International Free Zone Authority (IFZA) is the best place for you!
Top 5 reasons why you should set up an IFZA free zone company:
1. Easy and Straightforward Corporate account opening
The simplicity with which a bank account may be created is a major advantage of IFZA Company setup. Business setup in IFZA provides a list of banks where business owners may create bank accounts. However, the bank’s compliance department must still approve a corporate bank account for a Freezone company formation.
2. No Physical Presence required
Business owners often face the difficulty of having to travel from one place to another frequently. Or that they want to set up a business somewhere where they can’t be physically present. Business setup in IFZA solves that problem. You don’t need to provide a physical presence in IFZA to set up a business there. You the opportunity to start even from the comfort of your home.
3. Cost-effective business setup
Compared with other free zones of UAE, IFZA company formation gives packages with the lowest costs of setting up your business. This makes the process more affordable, in contrast with other free zones with low prices but not the lowest. These services assist business owners in forming a corporation in Fujairah.
Business setup in IFZA offers you the ability to send back 100% of your profits to your homeland or accounts, have 0% tax of any corporate or personal kind, and no-paid-up capital stock.
4. Wide range of license and business activities
IFZA company formation does not impose any restrictions on firms’ ability to expand in UAE. They provide a diverse range of commercial services:
- Consultancy and service license
- Trading and general trading license
- Industrial license
Furthermore, they enable firms to get a Holding License, which is ideal for servicing businesses locally and globally.
IFZA company setup gives you the possibility to choose from more than 1000 business activities. Another perk is that IFZA is from one of the few free zones that allow you to integrate consulting, services, and trade operations under one license as long as they are all connected to the same firm.
5. LLC Packages
The Limited Liability Company (LLC) structure is one of the most popular alternatives for investors creating a company in the UAE. This corporate structure allows the firm to function as a separate entity, with the owners and stockholders separated. This also protects you from personal financial obligations in the future if things don’t work out. An LLC structure is not available in all freezones. The IFZA company setup, on the other hand, does, making it more desirable to firms interested in operating in this manner.
There are several business activities accessible, ranging from start-ups to global corporations for a Freezone company formation. However, because it is inexpensive and moderately priced compared to other free zones, IFZA is particularly appealing to start-up firms, remote workers, entrepreneurs, and SME’s.
BlueKryon is one of the first officially registered IFZA agents and has worked on diverse business setups, visas, labor, immigration, and different restructuring initiatives within the IFZA free zone. It might be intimidating for individuals to start a business in Dubai or the UAE for the first time. Freezone company setup is the best option for them to start from in UAE. Get in touch with our team today, who knows all the information & details and the right steps needed to be taken to ensure a successful path ahead of you.
