Every year many people come to the UAE which is the land of opportunities in the east to explore the robust market and expand their business. The atmosphere of the country welcomes expatriates from all over the world. In the winter season many people from the western countries visit the UAE and therefore businesses boom in the winter season as well. Many entrepreneurs from all over the world prefer to invest here because of its vibrant culture, welcoming gesture to the world and business friendly laws. To setup the business in the IFZA free zone can be a viable option.
What is a Free Zone in Dubai?
A free zone is a specific area, usually a specially constructed building which is located in the Emirate of Dubai. In the rest of the country which is called mainland you need to add a local partner with you and also the tax rate is slightly higher. In the free zone you legally own the company and can get visas and open up the bank account. This makes the free zone the most ideal location to invest in the MENA (Middle East and North Africa) region.
Location of IFZA Free Zone
In Dubai there are many free zones available but IFZA enjoys unique features. The IFZA authority invites you to register your business in IFZA freezone and this is the best option for the entrepreneurs to set up the business of their choice. The IFZA is located on the main highway that enjoins the emirates. The complete name of the IFZA is IFZA Business Park. The location makes it the apple of the eyes of the investors because the park is located at the lifeline of Dubai.
Benefits of Business Setup in IFZA Free Zone
There are numerous benefits of setting up the business in IFZA but we will discuss a little in the following lines.
- You get the 100% ownership of the company.
- No need to present physically to register the company.
- You are from any nation and speaking any language, you can get the advisors to communicate to you in your language.
- You can add multiple activities under one IFZA license.
- Approval usually on the same day but no later than 2 to 5 days maximum.
How to Register Business in IFZA Free Zone?
After getting to know so much about this very free zone. It is obligatory to know how to register your business here. Setting up business in the IFZA free zone is always a great idea but no idea can turn into reality if we do not know the process. For this purpose we have to follow the following steps.
Choose and Register the Name
One has to choose the name available for the business because it is necessary to distinguish your brand from the competitors. Usually many people come to register the business here so it is possible that your intended name may not be available. So choose the name with great care. Remember your name may be the domain of your website. Therefore it is necessary to check if the domain is available with your intended name. Once you choose the name then registering the name is the next and a business set up consultant in Dubai can do the miracle for you.
Choose the Business Activity
In IFZA there are a limited number of the businesses available. Choose your business types available. There are categories and sub-categories. It is not a condition to break your heart because there are a large number of the activities available to start the business and you can choose any of them.
Provide the Documents
Provide the documents to the concerned authority. This is the most important and crucial step of all. You can get the information about the documents required through the help desk of IFZA or the business consultants as well. The documents are submitted entirely online to prevent any hustle and bustle in the office. Mainly your passport, photographs, and the visa copy are required, but you can contact the professional business consultant in Dubai for the rest. Pay the fees and enjoy the status of a businessman in the UAE.
Apply for Visas
After you get your business registered in the IFZA freezone, you can apply for the visa for you, your family and employees and land straight to the United Arab Emirates through any airport of the country. The main thing that must be remembered is that you can only get the number of visas that you applied for on the initial basis but the limit can be increased after paying the fees.
Conclusion
All in all, to setup business in IFZA Free zone you have the option to incorporate from your home country or you can come to the UAE to visit the IFZA first of all. The process is pretty much straight forward and easy. You only need to submit the documents as it is the only crucial step after payment of the dues for registrations. For all the given purposes you can hire a business consultant in IFZA free zone for a smooth process.
