UAE’s IFZA & CBD unite to offer exclusive banking solutions

By Shilpa Annie Joseph, Desk Reporter
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IFZA Dubai
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UAE’s most dynamic and truly international Free Zone, IFZA Dubai has entered into a partnership agreement with the region’s leading financial institution Commercial Bank of Dubai (CBD) in order to provide exclusive banking solutions for IFZA partners and licensees.

The alliance intends to provide quick and convenient access to banking services and financial solutions to the IFZA Free Zone companies, according to the statement.

Through this partnership, these companies will be able to conveniently and efficiently open special corporate bank accounts as well as obtain personalized services through dedicated onsite CBD relationship managers.

Dr. Bernd van Linder
Dr. Bernd van Linder

“Small businesses play an essential role as drivers of growth for the UAE economy, and CBD is committed to supporting business owners and empowering entrepreneurs to achieve their ambitions. Through this partnership, IFZA Free Zone companies will have access to a range of CBD’s innovative banking services to help them fulfill their financial and business requirements and make doing business easier. With dedicated assistance, we aim to support and ensure Licensees achieve their vision and complement Dubai’s growing business hub.”

Commenting on the announcement, Mr. Jochen Knecht, CEO of IFZA Dubai said that, “At IFZA, we are actively engaged in listening to the needs of the IFZA Free Zone community, to help strengthen their growth and alleviate any obstacles entrepreneurs may face when setting up a business. We are pleased to announce our partnership with CBD, providing our global network of Professional Partners with an additional layer of support to IFZA Licensees through curated packages tailored to meet their needs and assist them in efficiently setting up their corporate bank accounts in Dubai.”

“This service is designed for IFZA Partners to provide more services to their own clients. As we continue expanding our business ecosystem, this partnership will further enhance our value-added services for our Partners and Licensees and support the Dubai economy by attracting foreign entrepreneurs to seamlessly commence business operations in Dubai,” Mr. Knecht added.

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