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Date added: 03.08.2022

Features of registering a company in the free economic zone "IFZA Dubai"

Freezone in the Emirates is a great place to organize a business. The UAE Free Trade Zone is a geographically defined area of the city where 100% foreign ownership of companies is allowed.

As a rule, a local partner or a local agent is not required to open a company in one of the SEZs in the UAE. You can conduct business only in the territory of the free economic zone (with some exceptions) or outside the UAE.

In other words, the UAE Free Zones are not governed by the trade laws established by the Ministry of Commerce to regulate the trading activities of mainland companies. Free zones offer foreign investors and entrepreneurs 100% freedom of business ownership in addition to tax and customs exemption.

To date, there are more than 20 free zones in the Emirate of Dubai, three in the Emirate of Sharjah, three in the Emirate of Ras Al Khaimah, three in the Emirate of Fujairah, two in the Emirate of Ajman, one in the Emirate of Umm Al Quwain, and one in the Emirate of Abu Dhabi - four.

Today we will tell you about the favorable conditions and advantages of opening companies in the IFZA free economic zone.

The IFZA Free Zone is based in the UAE in the heart of the emirate of Dubai. The Free Zone was created to become a leading investment center in the booming economy of the UAE.

IFZA offers a highly personalized approach combined with efficient international service standards and cost effective solutions. The goal of IFZA is to assist the client on his path to business success.

Main ADVANTAGES:

IFZA Dubai Freezone (INTERNATIONAL FREE ZONE AUTHORITY)

is a leading free zone strategically located in one of the fastest growing business centers in the UAE. IFZA provides both local and international companies with ideal venues, world-class infrastructure and prime business locations that optimize the UAE's geographic location and tax prosperous environment.

In addition to its favorable location, IFZA Dubai offers a wide range of license options such as professional, commercial, industrial or sectoral.

Profitable terms:

- Competitive free zone license packages;

- Fast and efficient registration;

- 100% ownership of commercial enterprises;

- 100% repatriation of capital and profits;

- 100% exemption from import and export tax;

- No personal income tax;

- Safe and business-friendly legal framework for licensees;

- Full flexibility to upgrade or downgrade an IFZA license;

- IFZA licenses may include a flexible number of visas, subject to approval by the authorities;

- Resident visas are valid for 3 years;

- Resident visas are available for shareholders and employees;

- Fast growing business network of registered companies from all over the world.

Profitable BUSINESS IN DUBAI

Dubai is part of a federation of 7 independent city-states that make up the United Arab Emirates. In this short period of time, the UAE has risen sharply to the position of a well-regulated and highly credible global economic power with its stable political leadership, diversified economy, strong capital flow, favorable tax environment and liberal trade policies.

The UAE consistently ranks among the most competitive economies in the region and the world:

— Doing Business 2020 Report (World Bank) — 1st in the region, 16th in the world;

— Global Competitiveness Report 2019 (World Economic Forum) — 1st in the region, 25th in the world;

— Global Innovation Index (INSEAD) — 1st in the region, 36th in the world;

- Global Competitiveness Yearbook (IMD) - 1st in the region, 9th in the world.

To start the process of registering a company, write to us at info@lawstrust.com and our experts will provide you with professional advice on starting a business in the UAE.