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IFZA: A Pioneering Business Hub in Dubai
IFZA, standing as a testament to innovation and business-friendly environments, has rapidly become the go-to choice for global investors seeking a dynamic presence in the UAE. What sets IFZA apart is not just its attractive company setup packages but also its commitment to providing a thriving ecosystem for businesses of all sizes.
Originally rooted in Fujairah in 2018, IFZA shifted its operations to Dubai Silicon Oasis (DSO), specifically the DSO Digital Park. This strategic move reflects IFZA's dedication to being at the heart of Dubai's technological and business advancements.
Low-Cost Company Formation at IFZA Free Zone
At the core of IFZA's appeal is its reputation as the most cost-effective free zone for setting up businesses in Dubai. This isn't merely a claim; it's a reflection of IFZA's commitment to facilitating a wide range of investors, from startups to established enterprises. The availability of multi-year license packages further enhances its attractiveness, providing flexibility that suits the diverse needs of businesses.
IFZA's physical infrastructure, including state-of-the-art offices and warehouses available for leasing at Dubai Silicon Oasis, ensures that businesses within the free zone operate in a cutting-edge environment.
Innovative License Options for Diverse Business Activities
IFZA stands out in offering a spectrum of licenses, each tailored to different business activities. One noteworthy offering is its General Trading License, renowned for its affordability compared to traditional setups in Dubai. While a general trading license typically demands substantial capital, IFZA breaks the mold by requiring a nominal fee of AED 10,000, making it accessible and appealing to a broader range of investors.
Furthermore, IFZA's business setup packages are meticulously designed to align with the needs of the modern entrepreneur. The ability to register companies and obtain licenses without the necessity of physical presence in the UAE reflects IFZA's commitment to fostering a business-friendly environment.
IFZA's Commitment to Business Networking and Engagement
Beyond its role as a facilitator of business setups, IFZA actively engages with its partners and client investors. An annual highlight is the month-long Polo event hosted at Dubai Al Habtoor Polo & Beach Resort. Not only does this event showcase the glamorous side of business, but it also provides a unique platform for client investors to network with high-net-worth individuals, owners of multinational companies, and international celebrities.
IFZA's commitment to excellence is further underscored by its recognition of top performers within its ecosystem. Aurion's receipt of the top corporate service provider plaque at the Polo event in February 2021 exemplifies IFZA's dedication to fostering a thriving business community.
A Gateway to Success in Dubai
IFZA isn't just a free zone; it's a gateway to success in Dubai. From its strategic location in Dubai Silicon Oasis to its innovative license structures and commitment to business engagement, IFZA sets the stage for businesses to thrive in a dynamic and globally connected marketplace. As a pioneer in business facilitation, IFZA continues to redefine the landscape for investors seeking growth opportunities in the heart of the UAE.
Mainland companies are restricted to a maximum foreign ownership of 49%, while Free Zones provide the unique advantage of allowing complete foreign ownership right from the inception of the business.
Mainland companies are obligated to maintain a physical office space of at least 200 sq ft. In contrast, some Free Zone companies have the flexibility to operate with virtual workplaces, providing a cost-effective alternative.
Establishing a mainland company involves navigating through various government agencies, each requiring clearance. In contrast, Free Zones operate under their own set of laws and regulations, simplifying the approval process for registered businesses.
Free Zones stand out as the cheapest, quickest, and easiest option for company formation. Enjoying 100% exemption from corporate and income taxes, businesses can establish themselves with minimal bureaucratic hurdles.
Unlike mainland companies, Free Zone entities are not mandated to have a physical office, providing additional cost savings and operational flexibility.
Free Zones offer a wide range of business activities, allowing entrepreneurs to choose and customize their ventures according to their expertise and market demands.
Free Zones do not impose a mandatory share capital, allowing businesses to allocate resources as per their operational needs.
Free Zone businesses are exempt from the requirement of an annual audit report, reducing the administrative burden associated with compliance.
Free Zones provide the option to establish holding companies, allowing for strategic and diversified business structures.
Business owners and employees in Free Zones can benefit from a 2-year UAE residency visa, facilitating ease of living and work continuity.
The documentation process for Free Zone establishment is streamlined, requiring only a passport copy without the need for extensive paperwork.
Free Zone businesses are not obligated to provide a guarantee deposit for employee visas, simplifying the process of workforce management
Required for businesses that manufacture or engage in industrial activities. Industrial licenses allow companies to assemble and process goods using imported or locally sourced raw materials.
For service-related businesses. Professional license holders can own 100% of the company's shares and can be the sole owner.
Allows production, re-production, transformation and distribution of services
For general trading businesses. Commercial licenses allow foreign investors to own up to 49% of the business's shares.
Allows the holding standalone assets and/or shares in other companies.
Enables the licensee to trade items specified on the trade license
Foreign incorporated companies may also register a branch at IFZA.
Our bookkeeping services ensure your financial records are accurate and up-to-date. We use the latest software and technology to handle all your bookkeeping needs, so you can focus on growing your business.
Our tax advisory services help you minimize your tax liability and take advantage of tax-saving opportunities. We have extensive experience working with businesses of all sizes and industries.
We offer personalized financial planning services to help you reach your financial goals. Our team takes a holistic approach to financial planning, considering all aspects of your financial situation.
Our team of financial analysts can help you gain insight into your business's financial performance. We provide customized financial analysis and reporting to help you make informed decisions and achieve your business goals.
We offer a variety of business consulting services to help small businesses succeed. From strategic planning to performance improvement, our team can help you achieve your business goals.
We offer comprehensive payroll services, including payroll processing, tax filing, and compliance management. Let us handle the details so you can focus on growing your business.
Leave your VAT Compliance in the able hands of our team. We will take care of the compliances while you focus on your core business activities
Do not let the new corporate tax regime of UAE intimidate you. We are here to help you navigate the intricacies of the corporate taxation compliances
Covers everything that makes a start up operational, including -