IFZA Free Zone

Setting up a business in the UAE is now a lot easier. The procedure is becoming more accessible since the government has introduced a flurry of laws and regulations. In addition, the country has a number of trade free zones that offer a variety of incentives to businesses, making it easier and more profitable to start a business.

IFZA Dubai (The International Free Zone Authority) emerges as one of the most dependable and affordable free zones. The jurisdiction is recognized for tailoring packages to meet the demands of anybody wishing to establish a Dubai free zone company formation at a low cost. Aside from the cost, IFZA offers the finest quality Dubai free zone business creation. IFZA also provides a variety of workspace choices, including workstations, private offices, and office suites.

Characteristics of IFZA Free Zone

Characteristic Type Characteristic Trait
Company Type Free Zone Company (FZCO)
Governing Body Dubai Silicon Oasis Authority
Minimum Number of Shareholders 1
Minimum Number of Managers 1
Accounting and Book Keeping Requirements No
Renewal Date Annual Date of Incorporation
Corporate Taxation 0%
Visa Type Investor and Employment Visa
Ownership 100 Percent Foreign Ownership
Type of Activities Professional and Commercial
VAT Percentage 0%
Duty for Import and Export 0%
Duration For Company Formation 7-8 days
Paid Up Capital 0
Local Partner Required No

Documents Required

  • Color Passport Copy
  • Visa status copy / Entry stamp copy
  • Passport Size Photo
  • Other documents depending on the business activity

Banking Partners

Advantages of The Free Zone

Most cost-effective

100% foreign ownership

No personal or business income tax

No amount of paid-up capital

100% capital repatriation

Statistics

IFZA is also adjacent to Dubai International Airport. The free zone's strategic position, proximity to the world's major shipping routes, ports, airports, and streamlined processes, make it a perfect site for Dubai free zone company formation.

International free zone authority Dubai also offers a highly personalized solution. Dubai's free zones will contribute $68 billion to the UAE's GDP by 2030. Here have a look at statistical information of the free zone:

Founded in the Year 2018
Population 9.8 million
Governing Authority Dubai Silicon Oasis Authority
No. of Companies 400
No. of Business Activities 1000
No. of Business Sectors 180

Company Formation in Free zones Ideal for

General Trading

E-Commerce

Information Technology

Consultancy

Registration Process

Complete the Application Form

Complete the Application Form

Submit Your Documents to the Authority

Submit Your Documents to the Authority

Obtain Your License

Obtain Your License

Obtain Your Residency Visa

Obtain Your Residency Visa

Open Your Bank Account

Open Your Bank Account

Terms and Conditions

*Duration is subject to the constraints of the due diligence procedure.

**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.

***The required documents must be provided for every individual related to the company.

Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.

Why Choose BSW

It might be difficult for foreigners to understand the free zone's company registration process. Therefore, you should seek assistance from a professional who can supply you with the relevant information. We have a team of experts at Business Setup Worldwide that can provide you with the necessary knowledge and manage the entire end-to-end procedure, allowing you to focus on growing your business. Contact us for more details.

FAQs

1. What is the cost of business setup in IFZA?

AED 10,700

What is the available license for businesses in IFZA?

  • Service License
  • Consultancy license
  • Trading license
  • Industrial license
  • Holding license
  • General trading license

Is it necessary to have a physical office to register with IFZA?

No, a virtual office will do the job. 

How long will it take to open a company in IFZA?

 7-8 working days.

What are the facilities available in IFZA?

  • Offices
  • Warehouses
  • Hotel
  • Residential apartments
  • Retail