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The Impact of IFZA on the Growth of Dubai and UAE

The impact of IFZA on the growth of Dubai has been quite significant to say the least. Here’s why you should consider setting up a business in the IFZA.

Published on
April 25, 2023

IFZA is improving to be a game-changer in the economic growth of Dubai and UAE. The Dubai Free Zone is attracting entrepreneurs and investors from across the globe to set up their businesses and contribute to the rapidly growing economy of the Middle East. 

The impact of IFZA has been tremendous and is contributing to the UAE Centennial Plan 2071, which aims for a future-focused government, high-end education, a diversified economy, and a cohesive society. Let’s take an in-depth look into the impact of IFZA on the growth of Dubai and the UAE

What Does IFZA Offer? 

There are various benefits of setting up a company in the IFZA. Some of them are the following: 

  • As an expat or foreign investor, you can get 100% ownership of your business. 
  • Companies in the Free zone can repatriate all the profits to their parent companies overseas. There are no requirements or prevention for transferring capital to the origin countries. 
  • Free zones are exempt from all customs duties. 
  • The IFZA is in a prime location in Dubai, with access to world-class facilities and global markets. 
  • IFZA allows businesses to connect with a multi-national community to grow their organisations. 
  • Free zones give the flexibility to engage in a multitude of business activities. 
  • No bureaucratic hurdles, as you can set up and register a company reasonably quickly. 

Impact of IFZA

IFZA, or the International Free Zone Authority, is significantly impacting the Dubai economy. It has become one of the leading investment hubs in the UAE, attracting foreign investment through its favourable business policies and robust economic environment. 

Due to its popularity, the IFZA has become an extensive global network of more than 800 international partners. It provides a platform where SMEs are encouraged to set up their businesses and become a part of the vibrant Dubai business community. 

IFZA empowers local and international businesses to thrive in an inclusive and corporate-friendly environment. With access to world-class facilities and amenities such as warehouses, residential apartments, and office spaces, IFZA has become a hotbed for overseas businesses looking to set up their organisations. 

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Setting Up Businesses in the IFZA

IFZA offers amazing opportunities to investors and strategic entrepreneurs across the globe. Even though it may seem easy to set up a business in the IFZA, Dubai, most expats entering their entrepreneurial journey seem to engage with a local business setup consultant who can help them understand the intricacies of setting up a company. 

If you plan to move to Dubai and set up your business, check out Capatt Services. We are one of the leading business setup consultants in UAE who can help you set the groundwork for your new venture in the city. 

With just 99 euros, you can set up an hour-long consultation where our experts will be more than happy to answer any questions regarding the IFZA business setup and registration process. We will guide you throughout your company setup journey and ensure you start on the right foot. 

Contact us today for more information! 

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