- January 5, 2019
- Posted by: MSZ Consultant
- Category: Business Setup, FREEZONES IN UAE
International Free Zone Authority (IFZA)
IFZA Fujairah Free Zone is set to rapidly become a leading investment hub in the United Arab Emirates. The IFZA is located near to the Port of Fujairah and Fujairah International Airport. So, it’s a perfect location for the businesses and also offers a business opportunity for logistic and trading related companies in a future oriented and attractive environment.
What are the types of Licenses available in IFZA Fujairah Free zone?
- Consultancy License
- Service License
- Trading License
- General Trading License
- Industrial License
- Holding License
What are the facilities available in IFZA Fujairah Free zone?
Following is the facilities available in IFZA Fujairah Freezone
Offices – Select from wide range of office solution which have European design, Modern and also open interiors with ample natural light, Flexible usage options, Flexible rental duration and 24/7 access.
Warehouses – It includes various size options, build on the highest international logistics standards, Flexible rental duration and also 24/7 access.
Residential Apartments – It includes wide range of classy, comfortable and modern residential options, high-level interior design, European style and also Use of hotel amenities.
Hotels – Its include world fame 5-star hotel brand with modern facilities, completely equipped Business Center, International restaurant and also catering services, gym, pool and spa.
Shops and Retail – It typically includes large storefronts, easy access, high-quality common areas and also 24/7 securities
What are the benefits of setting up a company in IFZA Fujairah Free zone?
Following is the benefits of setting up a business in IFZA
- Fast and easy free zone company incorporation
- Low set-up cost
- Wide-range of business activities
- 100% foreign ownership
- Full repatriation of company profits and capital
- 100% exemption from corporate and income taxes
- Companies have limited liability.
- No physical office requirements
- No share capital requirement
- Zero foreign currency restrictions
- Ability to incorporate holding companies
IFZA Fujairah Free zone Company Cost and Trade License Packages
|License Type||License package||Fee in AED|
|Consultancy and Service License||Zero Visa – Commercial License||11,500|
|One Visa License||16,500|
|Three Visa License||20,500|
|Six Visa License||25,000|
|Trade License||Zero Visa – Commercial License||13,500|
|One Visa License||19,500|
|Three Visa License||23,500|
|Six Visa License||28,500|
|Note: General Trading activity only available with Visa License packages|
|IFZA Company Establishment Card and Visa fees
|Establishment Card (3 years)||1,500|
|Resident Visa (3 years)||3,750|
How to Setup a Business in IFZA?
Following is the steps for starting a business in IFZA.
Step 1: Get an initial approval for the trade name and also business activity from the Municipality of the Fujairah free zone.
Step 2: Get approval from concerned Department. (in case the business activity is of special nature)
Step 3: Then type the MOA and have it notarized from the courts.
Step 4: Then obtain a Capital Contribution Certificate from the banks for cash shares; and the Auditor certificate for both cash shares and kind shares.
Step 5: Submit the application form and initial approval along with related documents such as notarized copy of MOA, capital contribution certificate and tenancy contract to the Municipality.
Step 6: Finally, the municipality will issue the license after inspection by the legal department.
We at MSZ Consultancy, We can help you to incorporate your Business in IFZA Fujairah Free Zone and also, we can provide you complete assistance on Corporate PRO services for the Translation, Documentation, submission of your application, and obtaining the necessary approvals.
If you want to register a company in IFZA free zone and visa processing then contact us: +971589827842/+97142297508 or Email us: email@example.com