Setting up a company in Dubai would be a dream of many, but the question here would be where to start, the ideal location of the business. Dubai being the global hub for businesses, company set up in Dubai would be a great opportunity for investors to enter into the Middle East market. Both Freezones and mainlands offers a range of options based on your needs.
But apart from mainlands and free zones offer a hassle free and cost effective way to establish your business with benefits like 100% ownership, streamlined setup process, zero taxes and more. Having more than 40 free zones each free zones has its benefits and here we could look into Why IFZA has achieved growing popularity among them. We could analyse its unique advantages, and ease of doing business.
Benefits of IFZA
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Flexible Business Setup
IFZA is the only free zone in Dubai that offers most flexible business setup process. It gives a range of business activities and licenses, allowing entrepreneurs to setup their business as per their specific needs. The entire process can be done remotely from anywhere without being present in person.
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Economical Free zone
IFZA provides the most competitive business setup plan compared to other zones. The free zone offers monthly packages to attract young entrepreneurs. The packages are much lower in price and they introduces time to time seasonal packages to attract entrepreneurs.
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No No-Objection Certificate (NOC)
IFZA eliminates the need for an NOC from the relevant UAE authorities, making it easy for the company formation in dubai.
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100% Ownership
IFZA allows for full foreign ownership, giving complete control of the business to the entrepreneurs.
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No capital Requirements
IFZA doesn’t require minimum capital to setup, thereby reducing the financial burden of entrepreneurs. Therefore entrepreneurs can establish their business without showing any proof of deposit or capital, this helps in faster business setup and registration.
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Best in class Infrastructure
Ifza offers the world class infrastructure like modern and high quality office spaces, warehouses, cutting edge technology and other amenities. These provide all the fundamental requirements of operating a business.
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Strategic Location
IFZA has the nearest proximity to airports and seaports ensuring effective logistics and easy access to global markets.
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Dedicated Customer Support
IFZA provides personalized support services ensuring the smooth setup and operation of the business. Multi lingual support team to assist you with your concerns and queries. Dedicated relationship managers to provide expert advice.
Comparative analysis with other free zones
Here is the very simple analysis of IFZA with other free zones
IFZA
- Setup Time: 1 – 2 weeks
- Minimum Capital: No minimum requirement
- Ownership: 100% foreign ownership
- Taxes: 0% personal income tax
DMCC
- Setup Time: 2 – 4 weeks
- Minimum Capital: 50,000AED
- Ownership: 100% foreign ownership
- Taxes: 0% personal income tax
Dubai Airport Free Zone
- Setup Time: 2 – 4Â weeks
- Minimum Capital: 1,00,000 AED
- Ownership: 100% foreign ownership
- Taxes: 0% personal income tax
ADGM
- Setup Time: 2 – 4Â weeks
- Minimum Capital: 1,00,000 AED
- Ownership: 100% foreign ownership
- Taxes: 0% personal income tax
Ras Al Khaimah Free Zone
- Setup Time: 1 – 2 weeks
- Minimum Capital: 50,000 AED
- Ownership: 100% foreign ownership
- Taxes: 0% personal income tax
In conclusion, from the above comparison shows that IFZA stands out from other zones due to its quick setup time(1 – 2 weeks), lack of NOC, no minimum capital requirement, 100%foreign ownership and 0% personal income tax. This is the reason why IFZA is the favourite destination for investors for their business setup and expansion.
