IFZA FREEZONE

The International Free Zone Authority (IFZA) is a popular choice for company formation in the UAE. IFZA offers the UAE’s most affordable general trading company license, as well as licenses for consulting, service, commercial trade, industrial, and holding permits. The free zone authorities are helpful and maintain complete transparency in the process. The company registration process with IFZA is quick and permits are typically issued within 2-3 working days, making it an attractive option for entrepreneurs looking to establish their businesses quickly.

Advantages of a IFZA licence

1.

Conveniently located in Dubai, UAE

2.

FZCOs or branch offices can be registered to obtain business licenses

3.

Single IFZA License allows for professional, commercial, and industrial operations

4.

Competitive General Trading License available

5.

Remote registration is available; no need for business owners to be physically present during the incorporation

6.

No paid-up share capital required

7.

No requirement for a physical office

8.

No need for a yearly audit report

9.

Holding companies can be formed

10.

Owners and employees can apply for a two-year UAE residency visa

11.

Minimal paperwork is required; only a passport copy needed

12.

No guarantee deposit is needed for an employment visa



IFZA LICENSE TYPES

IFZA (International Free Zone Authority) freezone company formation offers a diverse range of licenses, providing businesses with flexibility and options to suit their specific needs. These licenses cater to various industries and activities, allowing entrepreneurs to choose the most suitable license for their business operations within the free zone. The availability of different license types ensures that companies in IFZA can engage in a wide array of business activities, fostering a dynamic and thriving business environment within the free zone.

Professional License: Designed for consultancy and service-oriented businesses.

Commercial License: Geared towards companies involved in import, export, storage, and distribution.

Industrial License: Granted for the import of raw materials, as well as the manufacturing and processing of specific goods.

IFZA allows businesses to amalgamate up to seven activities under a single license, irrespective of the license types involved.

Crucially, IFZA expedites the licensing process, ensuring that licenses are issued within four days and company registration is swift. Since its inception, IFZA has tailored business setup packages to meet the diverse needs of entrepreneurs globally. Investors benefit from the convenience of obtaining licenses and registering companies without the necessity of traveling to the United Arab Emirates.

IFZA freezone company formation facilitates the following types of companies:

Limited Liability Company (LLC): In this legal structure, the company's liabilities are distinct from those of its shareholders, and shareholder liability is limited to their investment in the company. Assets are acquired in the company's name, not the shareholder's.

Branch: Existing companies have the option to establish a branch in IFZA, provided the branch and the parent company engage in the same activities. The branch is treated as unified with the parent company concerning profits, losses, returns, expenses, debts, and liabilities.

Both LLCs and branches established in IFZA are denoted by the term ‘FZCO'

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    It is crucial to comprehend the distinction between obtaining a license with a visa quota and acquiring residency in the UAE. A license with a visa quota solely covers the expenses related to a business license and visa quota, with the possibility of including a Flexi office lease in certain Freezones. However, possessing a visa quota does not automatically grant you UAE residency; additional steps must be completed. If you wish to apply for a partner/investor visa, there are supplementary costs involved. These include obtaining an immigration card, registering for E-channel (NE Only), and paying fees for visa, visa processing, medical examination and Emirates ID typing. To effectively plan your business expenses, it is imperative to ask the right questions from the beginning to avoid surprises and hidden costs.