The IFZA is a significant free zone if you are a business person or investor looking to expand your business into one of the free zones in Dubai. Still, why IFZA? What advantages would forming the company in the IFZA provide?
The benefits of setting up a business in the UAE are many.? These are listed below:
- Tax system- The main argument in favour of a free zone is its tax system. If you establish your business in a free zone, you will be freed from VAT, which is currently set at 5%. The corporation tax rates range from 0% to 9%. Businesses operating in a free zone are not subject to import or export taxes or restrictions on the currency.
- ?Low-Cost Business Setup- ??IFZA Free zone Company Formation is an affordable and straightforward process. However, working with business setup experts makes the process considerably simpler.
- A Flexible List of Business Activities- The IFZA Free Zone is one of the few economic jurisdictions in the United Arab Emirates that permits the conduct of commercial, service, and industrial business operations under a single licence. According to IFZA officials, four business trade licences cover all potential commercial activities.
- Easy Bank Account Setup- When you obtain a business trade licence from the IFZA, opening a business bank account in UAE is rather uncomplicated.
- Aid and Assistance- The FZ authorities can help you with the setting. Most FZs provide financial support for any dependents, such as spouses or domestic help who need to apply for visas. Additionally, many professionals will help you create business bank accounts, recommend the best bank for your needs, and even arrange in-branch meetings for you. To help new businesses get off the ground, it is typical for free zones to provide networking opportunities, business advice, access to startup centres, and development programmes. To aid with this, we also provide business consulting services.
- Strategic Location- The IFZA Free Zone is strategically located within Dubai, as was already said, and this offers various advantages to businesses that operate there. The connection of the place to the entire world via the land, water and air route adds to the many benefits of setting up a business here.
You can get assistance from RadiantBiz at every stage of the process. Business incorporation and helping customers with their business even after the setup is our speciality. Get in touch with us if you need assistance with your business in IFZA.
