“Never invest in a business you can’t understand”

~Warren Buffet

When it comes to investing in a business, investors these days make smart choices. Among such competitive situations, Dubai Silicon Oasis recently put forward the International Free Zone Authority (IFZA) Company Formation. 

In a short span of time, the IFZA has become a popular choice among investors from across the globe. This reputation has been highly gained for being the cheapest free zone for company formation in Dubai. 

The Major Reason That Has Attracted The Investors:

As mentioned above, the major reason that has attracted the investors is the company formation package it offers. Along with that, the Dubai Free Zone offers 3-year & 5-year IFZA Dubai licensed packages. 

For an investor making a smart investment, the right location is a prioritized factor. Owing to the same, IFZA offers modern and corporate high tech offices, including storage spaces for renting at the Dubai Silicon Oasis. 

Talking about the corporate spaces, the company formation in IFZA Dubai offers various facilities. These facilities include vast conference rooms, digitized equipment, superior connectivity, and highly discounted business licenses in IFZA.

The Reasons To Choose Company Formation In Dubai Over Other Free Zones:

Choosing to go for IFZA free company setup can help you establish a strong presence in the UAE Market. Having said that benefits of IFZA company formation are not limited to a strong presence but also include the following:

• Low cost licensing
• Easy-to-follow process
• Minimum paperwork
• Cost-efficient business setup
• Limited liabilities
• High discount on several visa and non-visa packages
• Business with other free zone and mainland companies
• 0% Income tax
• The physical presence of shareholders is not required
• Business Operation from outside UAE
• Expanded availability of commercial and trading services. 
• 100% Ownership
• 100% repatriation of profits and capital permitted
• The quick and remote registration process
• A single license offers up to 6 activities
• Hassle-free bank account opening

The above-mentioned benefits along with no compulsory physical office space requirement and no guarantee deposit for an employment visa are what makes the IFZA company formation all the more attractive to investors.

Compared to other free zones the International Free Zone Authority (IFZA) also issues several types of licenses.

The Types Of License Issued By IFZA:

1) Commercial

By obtaining a commercial license one is provided with the necessary legal rights to initiate business activities such as import, export, storage, and distribution. 

2) Industrial

For companies that wish to import raw materials in their vicinity, an industrial license is provided. The processing and manufacturing of a few selected goods are only made legal if you have an industrial license.

3) Professional

Services and consultancy providing business are expected to have professional licenses. These professional licenses are generally issued by the DED.

4) Consultancy

An expert consultancy services provider for professionals must have a consultancy license in IFZA

5) Service

Having a service license issued under the company’s name allows the company to perform key service activities such as production, manufacturing, and transportation. 

6) General Trading

An IFZA general trading license provides a wide range of services and trading opportunities. This license allows you to initiate trading in a B2C, B2B & C2B business model for your goods and services.

The various facilities and benefits offered by the International Free Zone Authority (IFZA) company formation have attracted investors throughout the globe to set up their business in UAE.