International Free Zone Authority (IFZA) has undeniably become one of the most popular free zones in the UAE. It is strategically located in Dubai and offers numerous advantages for investors who want to start their business.
If you want to start your business in the free zone, read to find more about the various IFZA services.
Licenses offered by IFZA
The free zone offers the option for investors to have up to 3 activities under one IFZA license. You do have the option to have more than 3 activities, however, there will be an additional charge. Moreover, an advantage of starting a company in the free zone is that entrepreneurs and investors have the opportunity to mix professional and commercial activities under one license.
IFZA is also one of the few free zones in the UAE that does not consider e-commerce as a separate activity. However, the entrepreneur has the option to sell goods on online platforms with a general trading license. Additionally, you also do not require to have a warehouse in free zones and can proceed with just a virtual office.
The licenses issued by the jurisdiction are as follows:
- Consultancy license
Investors who are in business fields such as accounting or marketing can obtain consultancy license.
- General trading license
Investors who want to sell, distribute, store, import, export and re-export goods under a single license can obtain general trading license. An added advantage is that you can trade multiple kinds of goods under one general trading license with no additional costs.
Investors who obtain this license are authorised to trade almost any kind of goods such as furniture, electronics and more. However, there is an exception for certain types of goods which are not permitted to be traded or require special permission from various municipalities. Some of these exceptions include weaponry, alcohol, and medical drugs.
- IFZA Service license
This license is issued to investors who want to conduct service-oriented business. It is given to individuals who are either holding a professional degree or have a heavily significant experience in a particular field.
- Trading license
Trading license is almost the same as a general trading license. Although in this case, the investor can only trade one type of commodity under trading license.
IFZA also offer additional services such as license upgrades or downgrades, license amendments as well as document attestation.
Visa
IFZA visa costs start from AED 3,750. In addition, the free zone is constantly coming up with promotions and with improved pricing to help investors looking to start a company.
One of the biggest advantages of starting a business in IFZA is that investors have the opportunity to obtain 1 free lifetime investor visa upon free zone company formation. They also offer VIP visa stamping to investors.
Facilities
- Virtual Office
It is also known as digital office. Virtual offices are a part of a flexible workspace. It provides businesses with a combination of services without the need for a physical space. These services include business address, phone number, call handling, e-mail, and access to other office facilities.
- Smart Desk/Flexi-desk
Flexi-desk or smart desk comprises a desk and a chair set up in a shared office space. Having a flexi desk facility would mean that the company has a physical address.
- Warehouses
Businesses who need to store raw or manufactured goods can make use of warehousing facilities.
- Full Office
A full office space would provide companies with a fully established space to accommodate the number of employees, meeting rooms, etc.
Packages
One of the biggest perks when it comes to company formation in IFZA is that it offers an array of packages to entrepreneurs who want to advance in the field of entrepreneurship and to set them up on the right path. IFZA is also the only free zone in the UAE that offers ‘lifetime visas’ to investors who set up a company.
To know more about IFZA packages, click here.
There are also additional IFZA services including real estate office solutions as well as training and educational services.
Start your free zone business in IFZA with Shuraa
It comes as no surprise that countless investors want to start a business in Dubai given the many advantages. If you are an investor who wants to start your journey in the city of opportunities, free zones are the right pick for you.
IFZA in particular is one of the most popular choices for its unique advantages. If you want to set up your business in this jurisdiction, contact Shuraa.
Shuraa Business Setup has been one of the leaders when it comes to ‘all things business setup’. With over 2 decades of expertise in this industry, they are the ideal option to ensure that the process of setting up your company runs seamlessly.
Our expert team will ensure that all your priorities are sorted so you can build a foundation in the UAE’s thriving economy without any hassle.
To approach our expert business consultants, call us on +97144081900. Send a WhatsApp message for a chat query on +971507775554. You can also email us at [email protected]
