Thinking about why should you prefer IFZA company formation in UAE? Well, there is a myriad of reasons you must prefer it. Do you want to know why? Let me give you an example.
Imagine you established your office in the UAE without spending a hefty budget on it. Doesn’t it sound like a perfect deal? It happens in the free trade zones of Dubai. And IFZA (International Freezone Authority) is one of them.
IFZA is gradually transforming into a leading investment hub for national and international business owners Thanks to the ample trading benefits for performing various business activities here. Let’s dive in to have a glance at a few of those benefits.
7 Explicit Benefits Of IFZA Company Formation In UAE
1. Affordable Setup Costs
The prior concern when it comes to setting up a Freezone business in UAE is the cost. It’s the palace where IFZA performs explicitly. Since the establishment of this zone, it’s introducing a plethora of highly attractive company formation packages at the most cost-friendly rates as compared to other UAE-free zones.
2. Comparatively Lower Annual Renewal Prices
Freezone Company Licenses usually demand annual renewals. This thing can further add to the cost of your business operations. Fortunately, the prices of renewing the IFZA’s licenses are comparatively lower. It can further help your business in reducing the cost of your company’s formation. All in all, being a business owner you can get advantages from low-cost company incorporation expenses and ongoing company renewal charges.
3. Faster Business Incorporation Procedure
Another advantage of IFZA Free Zone company formation is the swiftness of this process. You don’t need to be physically present in the IFZA area while registering your business. Moreover, IFZA provides an extremely convenient approval scheme in comparison to other authorities. Ultimately, it allows you to incorporate your business in this region within eyes’ blink.
4. Advantages of opening A LLC Business
An LLC (Limited Liability Company) structure has always been a preferred option for investors while starting a business. It’s the adaptability of this company formation structure that makes it possible. In IFZA Free Zones, you get the liberty of opening an LLC business for independent entity operations. As a result, it becomes appealing to run your business in the IFZA areas of UAE.
5. Accessibility of 1000+ Business Activities
The IFZA Freezone brings in six different license categories that cover over 1000 possible business activities. Wondering what it means? Basically, IFZA is among the free zones in UAE that lets investors combine activities like consulting, services, and trading under one license. However, these trading activities should belong to a related business field. Furthermore, each company license type allocates different visas resulting in future savings.
6. Adaptability in upgrading licenses
One more good thing about IFZA company formation in UAE is the adaptability you get in upgrading the licenses. The cost of setting up a company in the IFZA region depends on the allocated visas to the company licenses. Currently, the package splits according to the six visa allocation categories, starting from 0 and ending at 6. As per your business requirements, the IFZA Free Zones give you the flexibility to expand your visa packages later.
7. Ease to Open A Corporate Bank Account
Opening a corporate bank account is an inevitable step that businesses have to take while registering their business. But don’t you think this process needs to be hassle-free? Of course, you do. Well, it’s easy in the IFZA regions of UAE. IFZA offers a vast list of banks where business owners can effortlessly open their bank accounts.
Undeniably, forming your business in IFZA areas is an effective way to register your business in Dubai. It’s achievable with the help of professional business consultants. Are you ready for this life-changing step towards a successful business in the free zones? Get in touch with experts for IFZA Company Formation In UAE.