Company Setup in IFZA – Easy, Profitable, Flexible

UAE and especially Dubai is reigning at the top of the business world today and there is a lot happening around. To add to its popularity quotient, here comes a novel business zone that has been gaining quite a lot of traction these days.

The International Free Zone Authority (IFZA) is a free zone in Dubai, located around 20 minutes away from the Dubai International airport. It is aimed at confirming that investors can find a good place to invest for their business. As an integral component of Dubai’s business plans, IFZA offers an innovation-based infrastructure to all business owners. It provides a range of free zone packages that offer many advantages to stakeholders, cost effectiveness being one of the major benefits.

Ranging from startups and small business units to large conglomerates, this facility of IFZA can be leveraged by all. It is a robust, reasonable, and highly popular business hub for all segments of business owners. Regulated by the Dubai Silicon Oasis, IFZA has come up as the cheapest free zone for company formation in Dubai and UAE. There are modern office spaces, corporate units, conference rooms, digital infrastructure, and great Internet connectivity available in IFZA.

This article attempts to unveil the different facets of IFZA, its associated features, benefits, process, licenses, documentation etc.

International Free Zone Authority (IFZA) – An Overview

IFZA Dubai offers businesses more than a free zone. We are a community where entrepreneurs and businesses are enabled to become part of an ever-evolving ecosystem in one of the world’s most forward-thinking cities. We have leveraged our strategic location and combined it with the highest levels of competence, customer-oriented service and regulatory knowledge to optimize company formation in Dubai.

IFZA has now become a leading investment business hub in Dubai and the rest of UAE. Dubai, as is, has become a business hotspot for foreign investment because of its salient advantages like 100% foreign ownership, investor-based benefits, 100% profit repatriation. Since IFZA offers modernized facilities, cost effective packages that follow standardized rules, there are many who want to avail this provision.

PRO Services Available in IFZA Free Zones

Work permit for taskforce
Trade name authorisation
Establishment of Card of Labour
Renewing trade license
Visa for business taskforce
Getting tenancy contract
Notary and legal verification

Different Facilities Available Here

Flexible desks and offices
Warehouses
Residential apartments
Retail outlets
Wi-Fi connections
Electricity, AC access
Furniture
Availability of printers, scanners
Meeting rooms and conference rooms
Digital infrastructure
Corporate units

Pre-requisites for Business Applicant

Business must be of legitimately acceptable nature and domain
Person must be an adult, over 18 years of age
There must not be any criminal offence registered under his/her name
Person must be an individual, commercial or both

License Alternatives in IFZA

IFZA provides different license options that cater to your needs, be it any business size or segment. Here are the various types of licenses for free zone company setup in IFZA:

Professional License – This is applicable for companies that offer professional services
Commercial License – This is mainly for those businesses who handle the authorization of import, export, and distribution of products
Industrial License – This is for those units that manage and monitor the import of material, packaging and processing, manufacturing of items
Consultancy License – This is meant for offering consultancy services to those who seek consultation
Service License – This is for those who handle the production and transportation of different services
General Trading License – This is for companies who indulge in a variety of service and trading in different business environments

You can even combine the commercial, professional, and industrial licenses under a single IFZA business license, if needed.

The Process of Company Formation in IFZA

Registering your company in IFZA is just a matter of a few clicks. It is an easy and smooth process which is why it is highly popular amongst aspiring business minds. You just need to go to its official website and do the following:

Finalize the company structure that you want to keep
Select the trade name for your business
Choose the apt business office type (flexible, shared, individual)
Fill the application for business registration
Submit all necessary documents
Pay the necessary license fees based on applicable licenses
Receive an e-agreement from the IFZA
Sign the e-agreement and receive the e-license
Get the IFZA Dubai License in 10 working days

Key Benefits of Company Formation in IFZA

You may wonder why IFZA has become so popular in the Gulf. There are evident reasons to prove its worth and here are they:

Powered by the Dubai Silicon Oasis Authority in Dubai
Special discount offers for three-year license
Customizable office solutions, flexible, modern, and affordable
Easy and quick company incorporation process
No limits on foreign currency
Competence to integrate holding businesses
Complete exemption from corporate and income taxes
Physical existence of shareholders not needed
Wide range of business methods – service oriented, consultancy, trading
100% foreign ownership
No need for investors to submit annual audit reports or any guaranteed deposit
Up to 3 years of visa available
World class access to global business avenues
Transparent and affordable costing schemes
Access to multiple visa packages
Variety of promotions and discounts
Multiple business activities
Complete online model of incorporation with digital signatures
Fast and flexible leasing options
Opportunities to collaborate with other free zone and mainland businesses

Costs Associated with IFZA Licenses

Here are the different costs associated with the various license types that are associated while company formation in IFZA:

A 1-year IFZA license with a single investor can be approx. 17000 AED to 27000 AED
A 3-year IFZA license can be approx. 43000 AED to 65000 AED
A 5-year IFZA license can be approx. 62000 AED to 85000 AED

List of Documents to be Submitted

The following documents must be submitted once you start registering for your company setup in IFZA:

Final application form duly filled
Passport copies of business owners
Copies of Visa and Emirates ID
Coloured passport size photos with a white background

Avail Our Company Services in IFZA

A company formation in IFZA is an easy job and a very fruitful one too. And it can be made most lucrative by taking consultancy from an expert organization. We @ Horizon Biz Consultancy offer the best of company formation services and take you through the entire process with perfection. Our skilled experts can manage all your administrative activities and help you focus on your business execution process.

Associate with us for any kind of company setup in IFZA, in Dubai or any part of UAE and leverage our fast, effective, and corporate services. Our team will manage the entire process of company creation with ease and take off the burden off your shoulders. It is time for you to start implementing your business and get results, leaving all business formalities to us!