IFZA Free Zone (or IFZA) is one of the leading free zones in the UAE. It is managed and regulated by the government regulatory body known as the International Free Zone Authority. IFZA has quickly gained outstanding reputation and won the respect of the business community as one of the most promising and fastest growing free zones in the UAE. IFZA is located in the Emirate of Dubai with offices in Dubai.
Why IFZA ?
IFZA Free Zone has proven to become the cheapest free zone in the UAE. IFZA is now a free zone of choice for a vast majority of the entrepreneurs and news businesses being established in the UAE.
IFZA emerges as one of the most reliable and cheapest free zones in Dubai, UAE. With a range of benefits to offer, it is all set to become a leading, state-of-the-art investment hub that is sure to help the UAE economy thrive further. The free zone is strategically located to offer easy access to the booming markets. The advantages of setting up a free zone company here include streamlined procedures and open access to major shipping routes and ports.
Benefits of setting up a company with IFZA :
IFZA offers the lowest prices, easy-to-follow procedures and minimum requirements to investors who wish to establish their business in the UAE. Some of the key benefits that IFZA offers includes :
IFZA – YUGA
- Cost-Effective business set-up options in the UAE.
- Quick registration and license issuance.
- Wide range of business activities.
- 100% foreign ownership.
- 100% repatriation of capital and profits.
- 0% corporate or personal income tax.
- No physical presence of the business owners required during company formation.
- No physical office requirements.
- No minimum paid up capital requirement.
- Professional, Commercial and Industrial activities can be combined under one IFZA License.
- IFZA companies can do business with free zone and mainland companies.
- IFZA companies can also operate outside of UAE.
Types of Business licenses :
IFZA Dubai offers more than 1,000 business activities to the companies incorporated in the free zone. IFZA allows combining up to 7 activities that may belong to a single license or different license types. The types of licenses offered by the IFZA includes:
- Professional License
For businesses providing professional consultancy and multiple types of services, for example technical, lifestyle and similar types of services.
- Commercial License
This includes activities for trading in goods. It is recommended for the import, export, distribution and storing of goods specified on the license.
- Industrial License
This type of License allows the import of raw material, manufacture, process, packaging, and export of specified products. This License is available upon request.
Types of Companies :
IFZA permits incorporation of follow types of companies;
- Limited liability company (LLC)
This is a legal form wherein the liabilities of the company are its own and do not become the personal liabilities of the company’s shareholder(s). The shareholder’s liability is restricted to the extent of his investment in the company. The assets of an LLC are purchased in the name of the company and not in the name of the shareholder.
- Branch
Foreign incorporated companies may also register a branch at IFZA Dubai. The activity of the proposed branch needs to correspond to the activity conducted by the parent company.
An LLC and a branch established at IFZA is suffixed by the term ‘FZCO’.
Office Spaces in IFZA :
IFZA offers a premium range of office spaces for rent. Here are the different types office space which is located at IFZA DUBAI Headquarters at the Dubai Digital Park.
- FLEXI DESK (DESK SPACE)
- FLEXI DESK+ (DESK SPACE)
- DEDICATED WORKSPACE (1 WORKSTATION)
- PRIVATE OFFICE (1 EXECUTIVE DESK OR 2 WORKSTATIONS)
- PERSONALIZED OFFICE (20 SQM AND ABOVE)