{"id":4622,"date":"2022-07-06T08:29:24","date_gmt":"2022-07-06T06:29:24","guid":{"rendered":"https:\/\/alexandererber.com\/en\/?p=4622"},"modified":"2022-07-06T08:38:25","modified_gmt":"2022-07-06T06:38:25","slug":"10-reasons-why-you-should-choose-ifza-dubai-for-your-company-formation","status":"publish","type":"post","link":"https:\/\/alexandererber.com\/en\/10-reasons-why-you-should-choose-ifza-dubai-for-your-company-formation\/","title":{"rendered":"10 Reasons Why You Should Choose IFZA Dubai for Your Company Formation"},"content":{"rendered":"<p>Introduced in 2018, IFZA (the<a href=\"https:\/\/ifza.com\/en\/\" target=\"_blank\" rel=\"noopener\">\u00a0International Freezone Authority<\/a>) has become one of the most popular free zones to set up a free zone company in the UAE, and for good reason. As the UAE shifts the country\u2019s focus away from gas and oil, they\u2019re investing heavily in other areas and encouraging entrepreneurs to invest in the country, and that\u2019s clear with IFZA. IFZA offers businesses more than just a place to do business in one of the best cities in the world, it offers a creative, aspirational space where businesses succeed.<\/p>\n<p>If you\u2019re thinking about forming a business in the UAE, IFZA Dubai should be at the top of your consideration list \u2013 here are 10 reasons why:<\/p>\n<h5>10 Reasons Why You Should Choose IFZA for Your Company Formation<\/h5>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>It\u2019s Time &amp; Cost-Effective<\/strong><\/li>\n<\/ul>\n<p>The two biggest concerns when setting up a company in a UAE free zone is the time and cost involved. IFZA Dubai offers fast, affordable company formation (starting at just AED 13,900), all of which can be implemented in Dubai. Other free zones are more expensive, often slower, and require more documentation from you prior to formation. As in other countries, there is an annual license fee, but the good news is that annual company renewal is also competitive, keeping your ongoing costs down. Costs related to getting residence visas are also generally lower here than in other free zones.<\/p>\n<ul>\n<li><strong>High-Quality Service Standards<\/strong><\/li>\n<\/ul>\n<p>We at Global Success Consulting love IFZA as a free zone setup as we work with European partners here and high-quality standards are maintained. Many believe IFZA is the next big investment hub for international businesses, and the benefits and standards of service reflect their ambition to meet these expectations.<\/p>\n<ul>\n<li><strong>Modern Infrastructure<\/strong><\/li>\n<\/ul>\n<p>IFZA enjoys all the modern amenities Dubai has to offer, a modern infrastructure, and you get your own flexi-desk or office in the free zone. IFZA\u2019s state-of-the-art facilities will meet any new entrepreneur\u2019s needs who can operate from an office. The free zone really is a hub of superior business activity that will allow you to make global connections.<\/p>\n<p>IFZA offers foreigners to retain 100% ownership of their business, while many other areas require a native shareholder to have at least 50% ownership. You can also send all your profits to your home country, without any restrictions or requirements. It of course benefits from the generous tax benefits the UAE offers.<\/p>\n<ul>\n<li><strong>Easy Reach of Downtown<\/strong><\/li>\n<\/ul>\n<p>IFZA is easy to reach from downtown Dubai, which means you don\u2019t have much traveling to do and can access all the world-class opportunities in Dubai. IFZA Business Park is approximately a 20-minute drive from downtown (about 20km). Dubai is a multicultural city and the IFZA Business Park brings together business owners from all over the world.<\/p>\n<p>Living in Dubai offers an incredibly high standard of living, with the majority of people experiencing prosperity. You can easily establish family life here, and once you\u2019re established, you can sponsor your family\u2019s visas.<\/p>\n<ul>\n<li><strong>It\u2019s Surprisingly Fast<\/strong><\/li>\n<\/ul>\n<p>Dubai being the most popular free zones, it naturally has more applications to process than other emirates when issuing work visas, but you\u2019d be surprised how quickly they process applications. Urgent applications can be applied for as little as 1-3 days with IFZA as a part of our VIP service. You don\u2019t need to be present to set up your company, and the approval process is also simpler (and more convenient) than in other free zones.<\/p>\n<ul>\n<li><strong>Wide Range of Business Activity Options<\/strong><\/li>\n<\/ul>\n<p>IFZA offers a large pool of activities you can choose from; there are six license categories, which cover more than 1,000 business activities. This means you have plenty of room to grow and expand. The 6 license categories are:<\/p>\n<ul>\n<li><strong>Trading License:<\/strong>\u00a0this allows you to engage in e-commerce and retail activities, such as import and export of items specified on the license \u2013 this is the most versatile license because you can also engage in packaging and white-labeling\/rebranding<\/li>\n<li><strong>General Trading License<\/strong>: trade a wide range of items<\/li>\n<li><strong>Industrial License:<\/strong>\u00a0production, manufacture, packaging, and export \u2013 you can sell within the UAE with the help of a local service agent<\/li>\n<li><strong>Holding License:<\/strong>\u00a0hold assets such as real estate, patents, and trademarks<\/li>\n<li><strong>Service License:<\/strong>\u00a0allows you to provide services \u2013 you must demonstrate that you\u2019re educated in the field, and they may request educational certificates or letters of recommendation \u2013 we can guide you here<\/li>\n<\/ul>\n<p>IFZA is one of the only free zones in the UAE that allows you to combine up to 7 trading activities, services, and consulting under one license (though note they do need to be in related fields). Other free zones require you to have different licenses for trading and consulting, which can drive up costs or limit the ways in which you do business.<\/p>\n<p>Choosing the right activities is crucial, as it will impact how successfully you can obtain a Corporate Account for your free zone company, so make sure you get proper incorporation advice from an expert in Dubai to help you choose the correct activities \u2013 we\u2019re happy to guide you on this.<\/p>\n<ul>\n<li><strong>Banks are Enthusiastic<\/strong><br \/>\nWhen you incorporate a company in IFZA, opening a corporate bank account is incredibly easy. IFZA provides a long list of banks that are enthusiastic about new IFZA-incorporated businesses and will assist you in opening an account with them without hassle.<\/li>\n<\/ul>\n<ul>\n<li><strong>Offers an LLC Structure<\/strong><br \/>\nIFZA offers a Limited Liability Company (LLC) structure, which is one of the most popular types of company structure for businesses all over the world but isn\u2019t offered by all free zones. If you want to operate under this type of structure, IFZA will be an ideal choice.<\/li>\n<\/ul>\n<ul>\n<li><strong>You Can Upgrade Licenses Easily<\/strong><br \/>\nHow much IFZA company formation costs depends on the visa allocation to the company license, which ranges from 0 to 6. This means you can start with a lower visa allocation package and upgrade later, should you need to.<\/li>\n<\/ul>\n<ul>\n<li><strong>Privacy<\/strong><br \/>\nThere\u2019s no open directory of company ownership in IFZA Dubai, so you don\u2019t need to worry about receiving unsolicited marketing materials or having your information disclosed to the public. If you are privacy conscious, this is particularly beneficial as you don\u2019t need to find workarounds or risk your information being disclosed.<\/li>\n<\/ul>\n<p><strong>How do I get a residence visa through the formation of an IFZA company?<\/strong><br \/>\nGetting your residence visa through the formation of an IFZA company is straightforward, but if you want it to be a stress-free process, it\u2019s best to allow an experienced consultant to guide you through the process. Here\u2019s a basic overview of the steps involved:<\/p>\n<ul>\n<li>Get your IFZA business license and apply for your company\u2019s establishment card within the following week (5-7 days)<\/li>\n<li>Complete your visa application form and submit it to IFZA<\/li>\n<li>Pay the associated fees<\/li>\n<li>They\u2019ll issue your visa and give you an appointment for your medical examination (this takes 2-3 working days)<\/li>\n<li>Get your medical exam and apply for your Emirates ID<\/li>\n<li>Once your medical exam results have been approved, go through the biometric scanning process<\/li>\n<li>Submit all the required documents to the IFZA office<\/li>\n<li>Within 10 days, your Emirates ID and visa will be ready<\/li>\n<\/ul>\n<p><strong>Dubai Company Formation with IFZA<\/strong><br \/>\nYou need a professional partner to help you set up your company with IFZA and get that all-important residence visa \u2013 without a consultant to guide you, you\u2019ll struggle to take advantage of all the great benefits forming with IFZA offers.<\/p>\n<p>We understand your needs and can assist you in the successful establishment of your company in Dubai, and have helped many people make the move to Dubai to enjoy the business and lifestyle benefits.<\/p>\n<p>Many people are tempted to look only at the cost of formation, but here in Dubai, you need the assistance of a company formation consultant to successfully incorporate your company and get the necessary visas. There are cheap options available from companies outside Dubai, but cutting corners in this way nearly always leads to challenges down the road. Working with us means you have someone on the ground in Dubai who can help you at any stage in the process.<\/p>\n<p>If you\u2019re ready to start the formation of your company in Dubai, we\u2019re here to guide you to success. We provide a range of packages that can either provide you with someone to lean on when you need them, or give you the uncompromising support of our team.\u00a0<a href=\"https:\/\/alexandererber.com\/company-formation-ifza\/\">Click here to find out more about how Global Success Consulting can help you take your next steps toward success.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduced in 2018, IFZA (the\u00a0International Freezone Authority) has become one of the most popular free zones to set up a free zone company in the UAE, and for good reason. As the UAE shifts the country\u2019s focus away from gas and oil, they\u2019re investing heavily in other areas and encouraging entrepreneurs to invest in the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[88],"tags":[],"class_list":["post-4622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-formation"],"_links":{"self":[{"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/posts\/4622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/comments?post=4622"}],"version-history":[{"count":0,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/posts\/4622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/media\/4623"}],"wp:attachment":[{"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/media?parent=4622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/categories?post=4622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alexandererber.com\/en\/wp-json\/wp\/v2\/tags?post=4622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}