3 Reasons Why IFZA Free Zone is Considered to be the Cheapest Free Zone in UAE?

Ever since its inauguration as one of the youngest free zones in the UAE, International Free Zone (IFZA) has introduced ground-breaking packages for the new and upcoming businesses which have attracted entrepreneurs and seasoned businessmen towards this free zone. We have witnessed a sharp rise in the number of free zone companies incorporated with IFZA in the last year. There are various reasons for the ever-increasing number of shareholders moving towards this IFZA on a regular basis.

We have noticed that the following are the three (3) primary reasons for which the number of company formations with IFZA has increased in the recent past.

Related: 4 Reasons Why IFZA Free Zone May be the Best Choice in UAE

1. Cost of Setting Up Free Zone Company in UAE

The cost of setting up a free zone company in the UAE has always been at the forefront of everyone minds while considering any free zone company set-up in the UAE. We have seen that IFZA Free Zone has introduced highly attractive company formation packages for everyone which happen to be at the lower end amongst all free zones in the UAE.

The company formations are offered in six (6) different license categories under which IFZA offers more than 1,000 possible business activities. Other than the holding company license, each company license type is offered with visa allocations ranging from zero (0) visas to six (6) visas. This provides a lot of flexibility to the founders in terms of starting the company from the basic minimum requirements. The visa allocations can always be changed depending upon the requirements of the founders.

2. Cost of Annual Renewal

The cost of annual renewal of a company license with a free zone has always been a major concern for anyone setting-up a free zone company in the UAE. As IFZA has been offering highly attractive company formation packages for its clients, the yearly renewal pricing matches with the packages. This means that the founders not only take advantage of the lower company incorporation costs, they also pay a lower company renewal annual fee on an on-going basis.

3. Company Formation Packages

IFZA has structured its packages in a manner that is easy for anyone to understand. Other than the holding company license type, each of the packages offered by the free zone have the same pricing. The pricing varies only based on the number of visas to be allocated to the company license. This makes it easier for everyone to quickly make a decision on the company formation with the free zone.

The costs related to the issuance of the immigration cards and the UAE residence visas with this free zone are also considered to be lower than other free zones in the UAE.
The above considerations has given IFZA a significant edge over its competitors in the recent past. The rise in the number of company formations with the free zone evidences that cost model has been appreciated by everyone looking to set-up a free zone company in the UAE.