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Is forming a company in IFZA is a good idea for business?

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Shuraa Management & Consultancy LLC, UAE Company Formation Simplified verified
Answered on October 19,2023

One of the best things about forming a company in the IFZA is that it provides a variety of packages to business owners who want to grow in their careers and put them on the proper track.  

Furthermore, the jurisdiction is advantageously situated close to a number of important markets. The benefits of establishing a business here likewise much exceed the drawbacks of forming an IFZA firm. The laws and restrictions that apply to businesses founded on the mainland do not apply to the jurisdiction. 

Branch companies, holding companies, and Limited Liability Companies (LLC) with one or more shareholders are among the several business structures in IFZA. One of the key advantages of forming an LLC in the IFZA is that you are only liable for losses up to the amount you put in your business.

Characteristics of the IFZA business structure 

Because of its distinctive advantages and the prospects, it offers investors, IFZA is one of the few free zones in the UAE that distinguishes out. These consist of: 

  • No necessity for paid-up share capital. 
  • For owners and workers, a two-year visa is available. 
  • No employee guarantee deposit is necessary for the free zone. 
  • Permission to work from home. 
  • Investors are not required to be present in person when a company is formed. 
  • There is no need for a NOC from the present visa sponsor. 

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