IFZA One of the Leading Free Zones in the UAE
IFZA, or The International Free Zone Authority, remains one of the most cost-effective solutions for business setup in the UAE. Their focus on hosting a wide variety of business activities under a single license while cutting out income and corporate taxes make this free zone stand out among the rest found in the Emirates.
The IFZA free zone offers regular promotions and incentives aimed at driving new business to the market.
IFZA: A Free Zone with Untapped Potential
So why pick International Free Zone Authority? Each of the over 20 free zones throughout the UAE offers something different for various businesses, but IFZA specializes in being the most inexpensive option with the quickest methods of company formation in all the Emirates. Some of the advantages are:
1. The Cheapest and the Quickest
License Trade fees are inexpensive, and all setup procedures are conducted online for a fast and straightforward process.
2. Company Setup in Just One Day
Most businesses can apply for and receive their business license in one day!
3. 100% Exemption from Corporate and Income Taxes
This is an excellent method of ensuring your business keeps all the profits of your enterprise.
4. Physical Presence of Shareholder is Not Required
Your shareholders don’t have to be present to form your business!
5. 100% Foreign Ownership
Your business can be owned by entities outside the UAE.
6. Expansive Business Activities
The range of possible activities in IFZA is expansive. From the industrial sector that handles manufacturing and production to the service industry. There’s something for businesses of every type!
7. No Physical Office Required
You don’t have to be physically present to conduct business in IFZA!
8. No Share Capital Requirement
Businesses are not required to submit to this banking regulation like other free zones.
9. No Annual Audit Report Required
You are not required to submit an annual audit report to governing authorities.
10. Ability to Incorporate Holding Companies
You are free to incorporate a holding company with very few regulations surrounding it.
11. 3 Year UAE Residency
IFZA offers three-year residency visas for both company owners and their employees.
12. Easy Banking
In IFZA, banking services are streamlined, giving you the freedom to operate without a ton of red tape.
13. Very Little Documentation Required
You’ll only need proof of address, a copy of your Visa or passport, a reference letter, and a business plan to start your company!
14. No Guarantee Deposit Required for Employee Visa
You’re not required to place a deposit for each of your employee’s visa applications.
Office Solutions Provided in IFZA Free Zone
IFZA offers a wide variety of solutions when it comes to your office space needs. These can range from actual physical offices to online workspaces. The Silicone Business Park offers some of the newest facilities in the area:
This option allows you to use a particular office area that is continuously shared with other businesses.
A more dedicated solution for your business needs, this option gives you access to a full office space. This package offers:
- Air Conditioning
- Access to printers, copiers, and scanners
- Usage of meeting rooms
IFZA Free Zone Business Activities and Licenses
As mentioned previously, there are several options for businesses seeking to establish themselves in the IFZA free zone. Depending on what type of business you hope to conduct, there will be an option for you!
1. Consultancy License
This license allows for the operation of advisors, bankers, and business professionals seeking to provide advice to other entities.
2. Service License
Service Licenses cover any businesses that operate as a service, such as retail, restaurants, and distribution.
3. Trading License
For those that operate in the trade of a specific item.
4. General Trading License
A broader license that governs those trading a wide range of items.
5. Industrial License
This license is offered for businesses that specialize in importing raw materials, manufacturing and production, and exporting goods.
6. Holding License
This option is given to companies that operate as holding companies.
The Cost of Obtaining a Business License in IFZA
Obtaining a business license in IFZA is one of the most cost-effective solutions for company formation in the UAE. Most popular business packages start with a 3-year license at a 30% discount. Here are some options below for business licensing:
|Package||Visa Quota||Standard Fee||Discount|
|Option 1:||1||AED 53,700||AED 37,600|
|Option 2:||2||AED 65,700||AED 46,000|
|Option 3:||3||AED 71,700||AED 50,200|
|Option 4:||4||AED 77,700||AED 54,400|
|Option 5:||5||AED 83,700||AED 58,600|
|Option 6:||6||AED 89,700||AED 62,800|
Company Formation in IFZA is a Simple, Straightforward Process
Forming a company in the UAE has never been easier! As with any application process, you’ll need to have the proper documents handy when the time comes to apply!
- Copy of Passport or Visa
- Proof of Address
- Professional Reference Letter
- No Objection Certificate (if required)
- Curriculum Vitae
Once you have the documents prepared, it’s a simple process to submit your information and receive your licensing permits.
UAE Success Stories
Across the Emirates, businesses are making their mark on the world economy. And with great incentives, IFZA is quickly growing into one of the most popular free zones in the UAE. Here are a few success stories from some of IFZA’s businesses:
Noshaad Khiljee, Partner & Director of Sales and Marketing, Squadlead Management:
“Squadlead Management Consultant has offices in London and Doha. Due to high demand for our immigration services in the UAE, we planned to open our immigration consultancy company in Dubai and thought that it would be really very difficult to form a company during the current situation.
After discussing with my partners who are in different countries, we decided to go ahead with IFZA. Every process was done online within five working days. It was just an amazing experience. We received expert support, quick business incorporation processes, and a cost-effective business license package that allowed us to set up business from Dubai quickly. Moving forward, we foresee success in the near future.”
Taha Tercan, Founder of Red Spades Creative Agency & Red Spades FZCO
“IFZA simply made our life easier with their pain-free licensing process. The team was extremely helpful and the whole process took less than a week. I am happy how fast, efficient and friendly they are.”
Start Your Company in the IFZA Free Zone!
MSZ Consultancy has over 12 years of experience as business setup consultants in Dubai, serving businesses large and small with their consulting, banking, and legal needs.
MSZ works closely with all government agencies, ensuring a fast, effective, streamlined process no matter where you choose to start your business! We specialize in serving:
- Real estate Investors
- Technology Sectors
- Fashion Industries
- E-commerce markets
And many more!
Why pick MSZ? Our consultancy has served over 32 thousand customers worldwide, offering so many services that we’re now a veritable one-stop shop for all your business needs. Visa and Business Applications? We handle it! Bank account assistance? That too! Product and company registrations? No sweat! We specialize in it all!
Call us today at +971 52 544 1248, and let our expert business consultants assist you so you can focus on your business!