IFZA Company Formation With Shuraa
Every entrepreneur wants to grow their business. IFZA offers a variety of enticing opportunities and packages tailored to your needs.
World-class Business Opportunities at your ease.
An opportunity for entrepreneurs to grow, with packages offering benefits such as lifetime visas.
IFZA, also known as International Free Zone Authority, is a prevalent free zone in the UAE. It has established itself as a leading investment hub in the country and ranks high on the UAE’s list of attractive free zones. This is due to its strategic location, being only 20 minutes away from Dubai International Airport and Downtown Dubai, and its cost efficiency.
Dubai Silicon Oasis Authority regulates the jurisdiction and offers various IFZA free zone packages for entrepreneurs. These packages come with an array of benefits and are highly pocket-friendly. Entrepreneurs can choose between flexi-desk or office spaces upon setting up a company, and IFZA visa costs are one of the most economical in the UAE.
Overall, IFZA is an excellent choice for entrepreneurs looking for a cost-efficient and strategic location for their business in the UAE.
Essential documents for IFZA Business Setup
The documents needed for setting up an IFZA company include the following:
- Copies of the passport(s) belonging to the owner/owners of the company.
- A copy of the valid visa(s).
- Two passport-sized photographs with a white background
IFZA Business Setup Step-by-Step Process
The Dubai International Free Zone Authority (IFZA) has a systematic and simple approach to establishing your business there. To successfully launch your firm, follow these steps :
1. Meet the eligibility requirements
The eligibility requirements established by the authority must first be met in order to register a company in IFZA Dubai. These standards consist of :
- Compile and submit all required paperwork in accordance with IFZA specifications.
- Ensure you have paid the registration fees necessary for the chosen company type.
- Comply with the minimum capital requirements listed for your chosen company structure.
- Consider the type of organisation you want to partner with based on your business objectives.
- The registration process typically takes 3-5 days depending on the company type and business activities.
2. Types of Companies
The most popular option among entrepreneurs and small enterprises in IFZA Dubai is the Free Zone Company (FZCO).
Branch Offices are ideal for bigger businesses looking to expand into IFZA Dubai.
3. How to Register a Company in Dubai's IFZA
- Choose the particular business activity you desire to carry out within IFZA.
- Choose a unique business name, then request IFZA’s initial approval.
- As part of the registration process, submit all required documents.
- After the documentation is examined, get the necessary company licence.
- Complete the VAT registration process, if necessary.
Our IFZA free zone company formation experts offer a streamlined and efficient registration process to start your business operation swiftly.
The benefits of IFZA Business Setup
Full Ownership: Foreign investors are to have 100% ownership. They get complete control and authority over their ventures.
Full Profit Repatriation: Transfer all your profits back to your home country without any restrictions.
Less corporate tax: Exempt from paying corporate taxes if not dealing with mainland companies. Retain profits and reinvest as needed.
Access to global markets: Multicultural environment facilitating networking with a diverse global business community. Open doors to valuable partnerships.
No Physical Presence Required: Complete your IFZA company registration without needing to be physically present in the UAE.
Flexibility for Multiple Activities: Operate multiple activities under a single license. Diversify and expand your operations.
Get an IFZA business license for multiple opportunities and 100% ownership with Shuraa.
IFZA Business License Options
The IFZA provides various license options and business activities tailored to meet the requirements of small businesses and large international operations.
- General Trading License In IFZA In IFZA, the General Trading License enables companies to trade an array of products across different industries, both locally and globally. It provides flexibility by encompassing multiple activities within a single license. There is an exception of restricted items such as arms and alcohol. Additionally, IFZA offers a Commercial Trading License that permits up to three business activities under one General Trading License.
- Professional License This license is ideal for businesses engaged in providing professional consultancy and various types of services, such as technical, lifestyle, and other similar service categories.
- Commercial License This license grants authorisation for importing, exporting, distributing, and storing specified items.
- Branch Office Foreign companies incorporated outside the region may also establish a branch at IFZA.
A chance to make your vision a reality with SHURAA
Get your commercial/professional business license effortlessly. Prices start from as low as AED 14,900*!
Enjoy substantial discounts of up to 23% on new license registrations and renewals.
How to Get Started?
- Complete this form. Get your personal Shuraa assistant.
- Determine your preferred activity and submit the necessary documents.
- Receive your business license in less than 48 hours!
Together, let’s envision boundless opportunities.
International Free Zone License
IFZA license costs are also highly affordable. The business setup cost in IFZA starts from AED 14,900*. These packages range from zero visa packages all the way to 6 visa packages. All business activities permitted in IFZA are taken from the Dubai Department of Economic Development (DED).
IFZA Visa
IFZA visa costs start from AED 3750*. In addition, the free zone is constantly coming up with promotions and with improved pricing to help investors looking to get started with company formation in IFZA.
Licence renewal in International Free Zone Authority
The renewal process of businesses in the IFZA is highly cost-effective and straightforward. To complete the renewal process for your company, you must pay the renewal fee and submit the signed lease agreement for your facility. You can renew your license through an agent without being present in the UAE.
Business liquidation in IFZA free zone
Similar to renewal, company liquidation also does not need the owner’s physical presence and can be accomplished through an agent. You will be required to pay a government fee to complete the liquidation process. Investors will be required to submit a detailed audit report at the time of license liquidation.
Company liquidation takes about one month to be completed and involves the following steps:
- Cancellation of visas
- Termination of the lease agreement
- Closure of bank account
PRO Services Required in the IFZA Free Zone
- Trade Name Approval
- Labour Establishment Card issuance
- Trade Licenses Amendment
- Notary and Legal Authentication services
- Tenancy contract procurement
- Ejari registration and getting a unique Ejari code
- Trade license Renewal
- Residence visa processing for all employees and other business officials
- Work permit acquisition for employees
Frequently Asked Questions related to IFZA Business Setup.
Yes, you can renew your license remotely using a registered agent with just an authorisation letter and renewal fees.
Getting your licence to start your business in the IFZA takes less than a week.
No, you have 100 % ownership and do not require a local partner to start your company.
Transferring your company from one free zone to another is impossible. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you must liquidate your company in the current free zone and then open your company in a separate free zone.
Yes, office space is usually required to set up a business in the UAE. Some options and packages come with choosing the right office for the right amount to suit your company.
Let's Connect.
Explore the Industry
Recent Blogs
