IFZA is located in Dubai and is expected to become one of the leading investment hubs soon and help the UAE’s economy thrive even more. It has been selected to be located in Dubai for booming markets to have easy access to IFZA.

Benefits of starting a business in IFZA

There are multiple reasons why IFZA is an ideal choice for foreign investors to set up their business at:

  • Lowest prices for trading
  • Streamlined and fast formation processes
  • open access to major shipping routes and ports
  • Minimum requirements for foreign investors
  • Cost-effective business options
  • Numerous options in terms of commercial, services, and trading activities
  • No physical presence request for corporates’ shareholders inside the UAE
  • IFZA free zone companies have limited liability
  • 100% repatriation of capital and profits
  • 100% foreign ownership possibility
  • Zero corporate or personal income tax
  • Various visa and non-visa packages available

Types of Licenses Available for Businesses In IFZA

There are various types of licenses available in the UAE for starting a business, based on the nature of the business itself:

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

Depending on your business activity, a trade license would normally cost from AED 11,000 and up. There is no physical presence requirement during the whole procedure and facilitated for foreign investors.

How to set up a free zone company with IFZA?

Company formation is an easy process with IFZA. Based on the business requirement, entrepreneurs need to apply for the suitable license their business is mainly focused on. There are various types of licenses issued by IFZA, such as commercial, professional, industrial, and general trading company licenses. The documents required for applying for the license are:

  • Colored, scanned passport copy of each shareholder
  • Latest UAE entry stamp or UAE visa of each shareholder (if applicable/available)
  • Emirates ID copy (if applicable)
  • Passport-sized photo of each shareholder with white background

Usually, it takes IFZA 4-5 working days to issue the license.

UAE visa issuance

Due to the Covid-19 restrictions, the visa applicants must be physically present in the UAE for visa issuance. The UAE e-visa will be issued within four to five (4-5) working days upon submitting the application to IFZA.

Smart Zone

Smart Zone, with its Governmental connections and well knowledgeable business setup experts, can guide you in setting up your company in IFZA or other jurisdiction. Call +97155 233 0077 to schedule a free consultation.