IFZA in the UAE presents significant business opportunities for entrepreneurs. This article explores the advantages of registering a business in this thriving economic zone.
IFZA stands for International Free Zone Authority. In most cases, this particular solution is attractive to potential investors and businessmen.
The idea of creating IFZA was first voiced in Fujairah. The implementation of the project into reality happened not so long ago, in 2020. DSO signed an agreement with IFZA. This led to transactions being carried out using the above-mentioned regulator. The main goal of this project: business expansion and assistance in establishing connections between entrepreneurs and potential investors (which is carried out within the framework of the DSO, Dtec, or DSOA systems).
IFZA is a unique project as it offers complete freedom to foreign investors. The system does not interfere in the affairs of entrepreneurs, which ensures a maximum of freedom. This is something that some marketing directions cannot boast of, which can take up to 49% of the investor’s property.
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Unlike mainland requirements that require office space larger than 18 square meters, IFZA offers flexibility through virtual office rentals for legal entity formation.
IFZA streamlines the licensing process and provides simplified requirements for obtaining professional, commercial, or industrial licenses. Additionally, companies can establish branches within the zone, further facilitating business expansion.
Profits can be repatriated without deductions so that 100% of the income can be withdrawn from the free economic zone.
Entrepreneurs are not required to be physically present in the UAE for business registration within the IFZA, making the incorporation process much easier.
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IFZA companies are located within the Dubai Silicon Oasis and benefit from exemption from customs duties, increasing their cost efficiency.
Foreign shareholders and employees are eligible for residence visas, which facilitates a comfortable living environment in Dubai and enables financing of visas for family members.
IFZA is considered Dubai’s leading free trade zone, offering its partners world-class infrastructure and a conducive business environment. Here, let’s explore the key options available to investors when starting a business:
Despite the advantages of special economic zones (SEZs), investors may encounter certain challenges. Significant operating costs, including royalties and rent, can be a financial burden. Additionally, varying regulations can make it difficult to navigate local laws, potentially leading to fines and other consequences.
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In today’s global economy, being tied to a single location can prove unjustified. IFZA offers an attractive option for companies operating in the areas of trading, consulting, marketing, and information technology.
