IFZA Company Formation | IFZA Business Set Up

Strategically located in one of the developing hub of Dubai, International Free Zone Authority (IFZA) is set to swiftly turn out to be a principal investment hub within the flourishing UAE market. The free zone has easy access to all the Arabian Gulf Ports and the markets of Iran, Pakistan and India. IFZA is located at Control Tower near Motor City Dubai. Mainly its strategic location, with access to the world’s major shipping routes, port and airport, and its streamlined procedures make the free zone a perfect arena to set up a business in the UAE.

Business Activities You Can Indulge In After IFZA Company Formation

IFZA provides a wide range of activities including, but not limited to consulting, services and general trading. The free zone offers its investors the lowest price and minimum requirements and procedures to set up a business and hence IFZA is one of the cheapest free zones in UAE for any businessman to set up his/her own company.

IFZA’s aim is to operate in a way, which minimizes damage to the environment. As global warming is rapidly increasing and becoming an increasingly prevalent subject among the world governments, IFZA is doing their best part to become environmentally more responsible or “green”. IFZA is continually seeking best practices, which can help protect the environment and sustain its natural resources for future generations also.
IFZA emphasizes on 5 key initiatives that will support business sustainability and at the same time support its customers to manage their financial, social and environmental risks, obligations as well as opportunities. These initiatives are:

Utilize wind energy – Windmills

Insulation on the buildings

Solar panels on car park roofs and building roofs

Minimize the need for paper printing

Use suppliers who have documented green profile

Key Benefits of an IFZA Company Setup

100% corporate and income tax exemption

No foreign currency restrictions

Zero minimum share capital requirement

100% foreign ownership

Lucrative business incorporation solution

Low business set up cost

Multi-access to the regional and global markets by sea, land and air

100% repatriation of capital and profits

Facility to set up Virtual office

Allows incorporation of holding company

Sponsorship and visas for all staff.

The legal shape will be Limited Liability Company

Types of IFZA Licenses

The different types of licenses available in the IFZA are:

Consultancy License

This license allows the companies to involve in offering expert and professional consultancy services.

Service License

With this, companies can carry out the production, re-production, transformation and distribution of goods and services.

Trading License

This license allows the licensee to trade items stated in the trading license.

General Trading License

It enables a licensee to trade a wider range of items than with a trading license.

Industrial License

This license allows the import of raw materials, production, re-production, manufacture, package and export.

Holding License

This license enables the holding of separate assets and/or shares in other companies.

TYPE 1 - Consultancy/Service License

TYPE 2 – Trading/General Trading License

Facilities Provided by IFZA

A wide array of modern office solutions having,

European design

Modern, open interiors with ample natural light

Flexible usage options

Flexible rental duration

24/7 access

Warehouse facility comes in different size options, built based on the highest international logistics standards

Various sizes

Flexible rental duration

24/7 access

Numerous spacious and quality retail outlet options to selected brands

Large storefronts

Easy access

High-quality common areas

24/7 security

Procedure to Follow for IFZA Company Formation

Obtain Trade Name

You may choose a trade name as per the Free Zone guidelines and submit to the Free Zone authority for approval

Security Approval

Submit the passport copies of the shareholder/s for security approval

Licensing documents

Prepare the licensing documents and submit the same with verified passport copies and photographs of the shareholder to the Free Zone. The license will be issued in maximum of 2 business days.

All the documentation and licensing work of IFZA Free Zone can only be initiated through a registered reseller and all the documents should be verified by the reseller before initiating the process. Prime Global Business Services is a registered reseller of IFZA Free Zone.

Why Opt For an IFZA Business Setup?

IFZA offers multifarious advantages such as low tariff rates, minimized overhead costs and shorter start-up time. Facilities like Offices, Warehouses, Hotel, Shops & Retails and Residential Apartments are available in the IFZA. This free zone offers a robust business opportunity for logistics and trading related businesses in a future-oriented, environmentally friendly and attractive environment. You can enjoy Business, Working and Living—all in perfect balance.

IFZA leverages technology and business for the welfare of organizations. It is always advisable to seek expert advice from the professional consultants before commencing business activity. Prime Global handles business formalities and support services required for your business set up. Our well-experienced team will study your requirements and help you achieve your goal so conveniently. Contact us today for a free walkthrough through the entire procedure.

International Free Zone Authority