Dubai International Freezone
IFZA Provide Affordable Business Setup Solutions for SME’s
About Dubai International Freezone
International Free Zone Authority is a global trade and business hub located in Dubai Silicon Oasis. It was established in 2018 and is one of the most affordable Dubai free zones for company setup.
IFZA Free Zone is an excellent place for startups and SMEs to launch their business. Setting up a business in this free zone has plenty of benefits. These include complete ownership, low corporate tax, access to the global market, and no minimum capital requirement.
Furthermore, it provides easy access to networks through airports, ports, and routes. Therefore, there are many opportunities for investors in IFZA. It has various facilities such as offices, hotels, warehouses, residential apartments, and retail outlets.
Moreover, it offers more than 2000 business activities, including marketing, professional services, trading, education, logistics, information technology, and food and beverage.
Establishing your business in the International Free Zone Authority is a quick and easy process. Thus, it is the ideal place for investors to launch their businesses in IFZA Dubai.
BENEFITS OF SETTING UP A BUSINESS IN IFZA
1. 100% CONTROL AND OWNERSHIP
You can have full control of your business in this free zone. Furthermore, you will have 100% business ownership. This advantage encourages foreign investors to expand their business in Dubai
2. TAX RELAXATION
Companies can benefit from tax relaxation in the IFZA Free Zone. The businesses have to pay low corporate tax. However, there are no tax returns for personal income.
3. ACCESS TO THE INTERNATIONAL MARKET
Dubai is a hub for international trade. Its expansive airports and harbors connect it to many areas of the world, allowing businesses to reach international customers effortlessly.
4. NO PHYSICAL OFFICE SPACES NECESSARY
Businesses can set up virtual offices instead of physical ones in certain conditions in the International Free Zone Authority. It provides them with smart setup options.
5. Simple Company Registration process
There is no need to worry as the registration process for company formation is quick and simple in IFZA.
Types Of Licenses Available In Media City
There are various business license types for your business setup in the DMC Free Zone:
- Service License
- Industrial License
- Event Leisure License
- Commercial License
- Professional License
WHAT TYPES OF BUSINESS LICENSES OFFERED IN IFZA?
1. Professional License
This license is perfect for professionals providing advices, consultancies and multiple types of services. E.g. IT, creative services, media, etc.
2. Commercial License
Businesses can import, export, sell, distribute and store specified items with this license.
3. Industrial License
With this license, business owners can import raw materials, process, manufacture and export specified products within the UAE and internationally.
4. Branch
Foreign investors can also register a branch of their existing business at IFZA. The activity of the branch company must resemble the activity of the parent company.
How To Start A Business In IFZA?
It is easy to start your business in the International Free Zone Authority. The timeframe of registration processes may vary according to the legal structure of your business entity.
Here are the steps for an International Free Zone Authority company formation:
Step 1 : Select a Type of Company Formation
First, you must choose your business activities and legal entity type. There are two types of company formation in the IFZA Free Zone. One is Free Zone Company (FZCO), which is a limited liability company. The other is a branch office of a parent company. It must perform the same business activities as its parent company. Your business activities determined your license type.
Step 2 : Register a Company Name for Approval
The next step is to choose a non-offensive company name. It should align with the nature of your business. Once you choose it, you must reserve it with the International Free Zone Authority. Then, you can get the initial approval.
Step 3 : Gather the Required Documents for Submission
The next step is to prepare the necessary documents for company registration. You may require the following: Passport-sized photo Passport copy of shareholders
Step 4 : Submit Application
Submit the application of business registration to international freezone authority along with the required documents. The registration fee varies according to your company’s formation type.
Why Set up a Business in IFZA with RFZ?
The International Free Zone Authority offers many benefits to businesses. Get ready to simplify the business setup process with RFZ Corporate Services Provider. We provide exceptional services, including registration, licensing, UAE residency and business bank account opening assistance.
Our professional team will help you through the legal formalities of starting a business in IFZA.
Book a Free Consultation
FAQ - Business Setup in IFZA
Two company formation options are available in the International Free Zone Authority (IFZA).
One is Free Zone Company (FZCO), which is a limited liability company. The other is a branch office of a parent company. It must perform the same business activities as its parent company.
A minimum of one shareholder is required for company formation in an IFZA Free Zone. A limited liability company can have up to a maximum of 50 shareholders.
Getting your license to start your business operations in the IFZA Free Zone takes less than a week. However, the timeframe may vary according to your business activities and external approvals (if required).
A license with one visa quota (visa cost excluded) costs AED 14,900 in the IFZA Free Zone. However, the cost may vary according to the number of visas and license type.
