International Free Zone Authority IFZA

Overview of IFZA

The International Free Zone Authority (IFZA) is a premier investment hub in Dubai, United Arab Emirates, known for offering highly customized company formation packages tailored to meet entrepreneurs’ diverse needs. Co-branded with Dubai Silicon Oasis Authority, IFZA is an attractive option for setting up a free zone company due to its low-cost setup packages, international service standards, and world-class amenities.

IFZA provides various company license packages that cater to a wide range of business requirements. Starting with a cost-effective setup fee of AED 12,900 for a zero-visa quota, entrepreneurs can establish a company in IFZA with a three-year business license for just AED 43,470. The 100% foreign ownership, full profit repatriation, and top-tier infrastructure facilities make IFZA a favored choice among foreign investors.

Company Formation Process in IFZA Dubai

Setting up a company in IFZA is straightforward and efficient. To ensure a hassle-free experience, working with a registered agent like Aurion is advisable. Our expert team will assist you throughout the company formation process and beyond, helping you choose the right business package at the most affordable price.

Step-by-Step Company Setup Process in IFZA

Consultation: Connect with Aurion for a consultation on the available free zone company formation packages, license costs, and visa details.

Business Activity & Trade Name Reservation: Choose the appropriate business activity and reserve a trade name for your company.

Select a Business License Package: Opt for the most suitable license package (Flexi-Office, Shared Office, Exclusive Office) and visa quota for your business setup.

Submit Required Documents & Payment: Provide the necessary documents for review and make the required payment.

Obtain Company License & Residence Visa: Receive your company license and apply for a residence visa.

Corporate Bank Account & Clearances: Set up a corporate bank account and complete any additional clearances, such as customs registration.

IFZA Free Zone Company Setup Costs & Trade License Fees

IFZA offers competitively priced business setup packages in Dubai. Below is a breakdown of the license costs based on the visa quota:

License Packages (1 Year License) Standard Fee (AED)

Zero Visa – Commercial License 12,900

License with 1 Visa Quota of 14,900

License with 2 Visa Quota 16,900

License with 3 Visa Quota 18,900

License with 4 Visa Quota 20,900

Establishment Card & Visa Fees

Fee Description Cost (AED)

Establishment Card (1 year) 2,000

Resident Visa (2 years) 3,750

Medical Test 870

Emirates ID 370

Medical Insurance Fee 992

Types of Licenses Available in IFZA

Consultancy License: For providing expert and professional consultancy services.

Service License: For the production, transformation, and distribution of services.

Trading License: For trading specified items under the trade license.

General Trading License: For trading a broader range of items.

Industrial License: For the import of raw materials, production, manufacturing, packaging, and export of goods.

Holding License: For holding standalone assets and shares in other companies.

Features of IFZA Free Zone Company Setup

  • Regulated by Dubai Silicon Oasis Authority
  • Cost-effective business setup packages starting from AED 12,900
  • Special discounts available for 3-year licenses
  • Fast and easy free zone company incorporation
  • Customized office setup solutions: Flexi Desk, Executive Office
  • A comprehensive range of business activities
  • No physical presence is required for shareholders
  • No minimum share capital requirement
  • 100% exemption from corporate and income taxes
  • 100% foreign ownership
  • Full repatriation of profits and capital

What Makes IFZA Unique?

  • Two-year visa for owners and employees
  • No employee guarantee deposit is required
  • Only a passport copy is required for documentation
  • No physical office is required
  • Exemption from corporate and income tax
  • 100% profit repatriation

PRO Services in IFZA

Silver Oak Biz offers exclusive PRO services in IFZA to ensure a smooth company formation process. Our services cover all administrative tasks, including visa processing, immigration requirements, and document clearance, allowing you to focus on your business.

Company Liquidation in IFZA

  • Liquidating a company in IFZA is a straightforward process to follow in case of a business closure. The process involves:
  • Submitting a board resolution for company liquidation.
  • Filing a company closure request with the Free Zone one month before license cancellation.
  • Settling outstanding dues and canceling employee visas.
  • Submitting an auditor liquidation certificate to obtain the Trade License Cancellation Certificate.

Why Choose IFZA for Your Business Setup?

IFZA is an ideal location for businesses due to its cost-effective packages, streamlined procedures, and strategic location, which offers easy access to major shipping routes and ports. With a flexible workspace, no physical presence requirements, and a quick setup process, IFZA stands out as one of Dubai’s most reliable free zones.

Optional Office Space Solutions

IFZA offers a variety of office space solutions to suit different business needs:

Package Annual Price (AED)

  • Flexi Desk 5,760
  • Flexi Desk + 8,640
  • Dedicated Office 13,440
  • Private Office 18,240
  • Personalized Office 1,400 per sqm

Additional services, such as conference room usage, parking, and printing, are available based on your office package.

Documents Required for IFZA Company Formation

For individual shareholders:

  • Passport copy
  • Passport photo
  • Emirates ID (if applicable)
  • UAE visa copy (if applicable)

For corporate shareholders:

  • Notarized and attested board resolution
  • Notarized copy of memorandum and articles of association
  • Notarized trade license copy
  • Notarized certificate of incorporation

Key Features of IFZA

  • Type of Company: Limited liability company (LLC) with at least one shareholder.
  • No Accounting Requirements: No accounting or reporting requirements for free zone companies in IFZA.
  • Tax Exemption: Exempt from all corporate taxes in the UAE.
  • 100% Foreign Ownership: Full ownership of shares by foreign nationals.
  • No Paid-up Capital Requirement: No minimum paid-up capital is required.

Frequently Asked Questions

You do not need to be in the UAE to set up your company with IFZA. However, a visit to the UAE may be required for licenses with visa entitlements.

After obtaining your trade license, you can set up a corporate bank account.

No local sponsor is required; 100% foreign ownership is allowed.

The company setup process typically takes 4-5 working days.

IFZA offers various activities under consultancy, service, trading, and industrial licenses.

IFZA-International-Free-Zone-Authority

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