Business Setup in IFZA Free Zone
International Free Zone Authority - IFZA
IFZA is a new Business hub for the investors to setup company in UAE. Located in Dubai, Co-branded with Dubai Silicon Oasis, it is a favorite choice among global investors due to the attractive company setup packages it offers.
International Free Zone Authority has now become Business owner’s choice because of the affordable cost and being one of the cheapest free Zone to setup the business. IFZA provides the business with world class amenities with virtual office license facilities. Providing all the required benefits make IFZA an ideal free zone to all the investors who are planning to setup company in UAE, at cost effective fees structure.
This Free zone facilitates quick registration of company and issuance of licenses in 2 days. It is relevant to note that the cheapest general trading company license in UAE is issued from International Free Zone Authority. Other Licenses like Consultancy license, service license, commercial trading license, Industrial license and Holding License are also issued from IFZA (International Free Zone Authority Dubai). Being a new Free Zone, IFZA has designed its business setup packages to meet the demands of businessmen world wide. Investors can register company and obtain license without travelling to UAE. There is no requirement of Capital to be shown in the bank for incorporation of company.
MARKEF is certified as the authorized reseller of International Free Zone Authority and hence we can setup company without hassle to the investors. Having registered maximum number of companies in this Free zone within a year.
Benefits of IFZA Free Zone Company
- Company formation at the lowest cost, quickest and easiest
- 100% exemption from corporate and income taxes
- Physical presence of shareholder is not required
- 100% exemption from corporate and income Tax
- Wide range of business activities available
- 100% foreign ownership
- No Physical office is required
- No Share capital is required
- No annual audit report is required
- Ability to incorporate holding companies
- 2 year UAE Residency visa for Owner & Employees
- Easy bank account opening
- No documents except the passport copy is required
- No guarantee deposit is needed for employee visa
Company Formation in IFZA
Company incorporation in International Free Zone Authority is fast and easy and can be completed within 3-4 working days. The business set up can also be done remotely, personal presence is not required for the company formation.
The personal documents that are needed for the business set up in this Free Zone include:
- Passport copy
- Residential address and phone number
- Utility bill as proof of address
- Passport-size photo (for visa-eligible companies)
- Copy of entry stamp to UAE (for visa-eligible companies)
Types of Licenses in IFZA Free Zone Dubai
1. Consultancy License
This license is issued to the companies providing expert and professional consultancy services for professionals.
2. Service License
Service license allows production, re-production, transformation and distribution of services.
3. Trading License
This license allows the licensee to trade items specified on the trade license.
4. General Trading License
This license allows the licensee to trade wider range of items.
5. Industrial License
Industrial license allows to import raw materials, production, re-production, manufacture, package and export.
6. Holding License
This license allows the holding standalone assets and/or shares in other companies
General Trading License in IFZA
Any company planning to start the operation for trading multiple products which may or may not be related to a specific industry can opt for General Trading License. General trading license in UAE allows the company to trade, import and export wide range of goods and products in the specific Emirate where the license is issued as well as the other Emirates.
General Trading License allow import and export of goods like accessories, clothes, home appliances electronics, furniture etc. When you have multiple trading activities that are in different sectors, you can have a UAE general trading license that will cover all of it.
Companies are allowed to trade any number of products but with an exception in the type of products like arms and ammunitions, tobacco, alcohol etc. that are prohibited by the Government. General trading license in UAE is costlier when compared to other options but it has its own benefits like multiple activities can be covered under one umbrella. General trading license in UAE is issued from free Zones and mainland.
Entrepreneurs in IFZA Dubai can trade in up to three permitted business activities under a single General Trading License. The cost of a General Trading License from IFZA Dubai will include an additional 10,000 AED in General Trading License Fees.
Approximate Processing Time
License
5 - 7 Working Days
Establishment Card
3 - 4 Working Days (after issuing trade license)
Visa Application Process
7 - 10 Working Days
Frequently Asked Questions for IFZA Free Zone:
Need more information? Contact us
Are you excited to learn more about IFZA Company Formation? The International Free Zone Authority is a great location to Setup your business in Dubai. For more information on company formation at the IFZA Free Zone please contact MARKEF today!
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Quick Links
MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
- +971 50 105 4241
- E-mail : info@markef.com
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Mon - Sat : 8:00 - 18:00
Sunday Closed
