IFZA FREEZONE

The International Free Zone Authority (IFZA) offers companies 100% exemption from corporate and income tax and zero restrictions on remittance payments back to home territories. The International Free Zone Authority (IFZA) also allows caters to a wide range of business activities and allows expatriates to retain complete ownership of their businesses. We can assist you with all aspects of your IFZA Free Zone company formation and the processing of your 3 year residence visa in the UAE.

If you are considering residency in the UAE we will:

• Incorporate your Freezone Company

• Apply for and process establishment Card

• Apply for Entry permit

• Collect and take client for Medical and Emirates ID Card processing

• Return Passport complete with 3 year residence visa

• Assist client in the opening of local bank accounts for company and individual.

IFZA is only one of many UAE freezones, please contact us for the most suitable free zone for your needs.

IFZA Company Formation

The International Free Zone Authority (IFZA), regulated by Dubai Silicon Oasis, is a rapidly emerging business hub. Since its establishment, IFZA has gained popularity due to its cost-effective business setup options and the availability of multi-year license packages. Additionally, IFZA supports a diverse array of business activities, offering over 1,000 options for companies incorporated within the free zone. This makes it an attractive destination for both small start-ups and multinational corporations.

Situated in Digital Park, Dubai Silicon Oasis, IFZA offers state-of-the-art high-tech offices and warehouses for lease. Its strategic location provides convenient access to all Arabian Gulf Ports, enhancing its appeal. With vast expansion opportunities, IFZA ranks among the world’s premier trade zones, offering extensive networking possibilities to tap into new global markets. GLEEFINITY is available to assist with all aspects of IFZA company formation, ensuring you maximize the benefits of this Free Zone.

Benefits of IFZA Company Formation

• Low setup costs

• Cost-effective business incorporation

• No minimum share capital requirement

• 100% exemption from corporate and income taxes

• 100% foreign ownership

• Zero foreign currency restrictions

• A wide range of business activities available

• Access to neighboring and global markets via sea, land, and air

• No requirement for a physical presence of shareholders

• No need for a physical office

• No annual audit submission requirement

• Ability to incorporate holding companies

• Companies have limited liability

• Three-year UAE residency visa for owners and employees

• Access to Dubai COVID-19 vaccination

• Ability to combine activity license types

Licences available in IFZA Free Zone

IFZA offers various licenses for investors seeking to establish a company. To register a company, it is essential to adhere to specific guidelines at each stage of the process. GLEEFINITY is available to assist you through each step and facilitate the registration of your Free Zone company. The following trade and services licenses are available in IFZA:

• Professional Consultancy License – Issued to companies offering professional consultancy services to businesses and professionals.

• Services License – Granted to companies engaged in the production, reproduction, transformation, and distribution of services.

• Management License – Provided to companies delivering management services to businesses and professionals.

• IT Services License – Offered to companies involved in providing IT services to businesses and professionals.

• Specified Items Trading License – Required for companies trading items specified on the trade license.

• General Trading License – Necessary for companies trading a broader range of items as specified on the trade license.

• Holding License – Permits the holding of standalone assets and/or shares in other companies.

Few Reasons Why you should Consider IFZA Company Formation.

Since its establishment in 2018, the International Freezone Authority (IFZA) has emerged as a preferred option for establishing a freezone company in the UAE. IFZA distinguishes itself among freezones with its efficient international service standards and cost-effective solutions. To learn more about the appeal of IFZA company formation for business owners and entrepreneurs, please continue reading Here are the top 7 reasons why you should consider IFZA company formation.

IFZA Company Formation Benefits :-

Establishment Costs - A primary consideration when establishing a freezone company in the UAE is cost, and IFZA excels in this regard. Since its inception, IFZA has launched several appealing company formation packages, often offering rates that are more competitive than those of other UAE freezones.

Annual Renewal Fees - Freezone Company Licenses require annual renewal, which may incur additional expenses for your business operations. However, IFZA offers competitively priced annual renewal fees, aligning with the low costs associated with company formation. This ensures that owners enjoy both low initial incorporation costs and sustainable renewal expenses for their free zone companies.

Swift Company Registration - A primary advantage of incorporating a company in the IFZA freezone is the expedited process. Establishing an IFZA freezone company does not necessitate a physical presence, simplifying the procedure for businesses. Furthermore, IFZA provides a more streamlined approval process compared to other authorities, ensuring that company incorporation is both quicker and more convenient.

Limited Liability Company Packages - The Limited Liability Company (LLC) structure is a preferred choice for investors establishing a company in the UAE. This structure allows the business to function as an independent entity, distinct from its owners and shareholders, thereby limiting personal financial liability and providing protection in the event of future challenges. While not all freezones offer the LLC structure, the IFZA Freezone does, making it an attractive option for businesses seeking this form of operation.

Over 100 Business Activities - The IFZA Freezone provides six distinct license categories, encompassing over 1,000 potential business activities. Notably, IFZA is among the few freezones that permit investors to integrate consulting, services, and trading activities under a single license, provided they are within a related business field. In contrast, other freezones necessitate separate consulting and trading licenses, which can increase costs and restrict business offerings. Additionally, each company license type includes visa allocations up to six visas, offering enhanced flexibility and potential savings.

License Upgrade Flexibility - The pricing for IFZA company formation packages is contingent upon the number of visas assigned to the company license. These packages are categorized from zero (0) to six (6) visa allocations, offering shareholders the flexibility to begin with zero (0) or one (1) visa package and subsequently upgrade based on their business needs. Additionally, the expenses associated with issuing residence visas are generally lower with IFZA compared to other free zones in the UAE.

Simplified Corporate Bank Account Opening - A significant advantage of incorporating a company with IFZA is the streamlined process for opening a bank account. IFZA offers a list of banks where company owners can conveniently open their accounts. However, it is important to note that opening a corporate bank account still requires approval from the bank for compliance.