Dubai, known for its dynamic business environment and strategic location, is home to several free zones that attract entrepreneurs and investors from around the world. Among these, the International Free Zone Authority (IFZA) stands out as a premier destination for establishing businesses.
Originally launched in Fujairah in 2018, International Free Zone Authority has relocated to Dubai's heart. Its new home is within Dubai Digital Park, a zone overseen by Dubai Silicon Oasis (DSO).
IFZA boasts the title of Dubai's most affordable free zone for company setup. They offer a personalized approach for businesses, combining top-notch international service with cost-saving solutions.
IFZA is a renowned free zone located in the heart of Dubai, offering a wide range of benefits and opportunities for businesses. It provides a conducive environment for startups, SMEs, and multinational corporations to thrive and expand their operations.
One of the primary attractions of IFZA is its tax-friendly environment. Businesses operating within the free zone are exempt from corporate and personal income taxes, as well as customs duties on imports and exports.
Located in the heart of Dubai, IFZA offers easy access to key markets in the Middle East, Africa, and Asia. Its proximity to major transportation hubs, such as airports and seaports, facilitates international trade and logistics.
Setting up your business in the International Free Zone Authority is both cost-effective and time-efficient. The entire process can be completed remotely, eliminating the need for physical presence, and can be finalized in as little as two days.
IFZA provides a straightforward and efficient process for company formation and registration. With minimal bureaucratic hurdles and flexible company structures, entrepreneurs can set up their businesses quickly and cost-effectively.
This license empowers qualified professionals to provide specialized consulting services, catering to the unique needs of clients in any industry sector.
A General Trading License offers flexibility for businesses. It allows them to import, trade, and re-export a wide range of goods, with the option to obtain additional permits for specific regulated activities.
A Service License allows businesses to focus on their core competency – providing services. They can utilize any necessary goods as part of their service delivery.
A Holding License is for companies that invest in and manage other businesses. This allows them to own assets and shares in other companies without those companies being directly linked.
An Free Zone -Limited Liability Company is a separate legal entity with limited liability, allowing entrepreneurs to conduct business activities within International Free Zone Authority while enjoying full ownership and control over their company.
Foreign companies can establish a branch office in International Free Zone Authority to expand their presence in the region. Branch offices benefit from IFZA’s business-friendly environment and can engage in various commercial activities.
International Free Zone Authority also offers freelance permits for individuals seeking to work independently or provide professional services. Freelancers enjoy flexibility and autonomy while operating within the free zone.
The steps are quite simple. Here’s how to open your company in the IFZA Dubai
The free zone allows for a wide range of businesses to be set up with ease. Pick out the specific activities you wish to conduct, and we’ll help you choose the ideal IFZA Dubai license type and setup option.
The business name for your IFZA Dubai company must not already be in use by another firm. It also should not reference anything political or religious. Thus, it’s best to have at least a few options ready for a more hassle-free name registration process.
Prepare the IFZA Dubai license requirements needed for the entity type you’ve chosen and submit these to the Free Zone authority. They’ll examine your documents, get in touch for any discrepancies, and approve the license should you meet all the necessary criteria.
You may opt to open an account with either a local or an international UAE bank. Our team of experts will help you choose the best bank for your needs and guide you through the whole process.
The next crucial step will be to secure IFZA Dubai visas for your team, so you can begin your operations. We will be happy to assist you with the needed documents and the application process.