IFZA Dubai Business Set Up

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The International Free Zone Authority (IFZA), located in Dubai, is one of the most business-friendly free zones in the UAE, offering flexible solutions for startups, SMEs, and large corporations.

Steps to Form a Company in IFZA

1. Select a Business Activity

  • IFZA offers a broad range of activities such as trading, consulting, and professional services.
  • Choose from single or multiple activities under one license.

2. Choose a Legal Structure

  • IFZA Free Zone Establishment (FZE): Single shareholder.
  • IFZA Free Zone Company (FZC): Multiple shareholders.
  • Branch Office: Branch of an existing local or international company.

3. Register a Trade Name

  • Choose a unique and compliant trade name for your company. Ensure it adheres to the naming guidelines provided by IFZA.

4. Determine the License Type

  • Consultancy License: For professional and advisory services.
  • Trading License: For import, export, and trading of goods.
  • Industrial License: For light manufacturing or assembly.

5. Office Space Requirements

  • Choose from IFZA’s flexible office solutions:
  • Smart Desk (virtual office setup).
  • Shared or private office space.
  • Warehouse facilities (if applicable).

6. Submit Documentation

  • Basic documents required include:
  • Passport copies of shareholders and managers.
  • Proof of residential address (utility bill or tenancy contract).
  • Passport-sized photographs.
  • No Objection Certificate (NOC) if the shareholder is a UAE resident.

7. Capital Requirements

  • IFZA does not require a minimum paid-up share capital.

8. Obtain License and Registration Certificates

  • Once documents are approved, IFZA will issue your business license and Certificate of Incorporation.

9. Open a Corporate Bank Account

  • Use your IFZA company documents to open a corporate bank account with any UAE bank.

10. Apply for Visas (if required)

  • IFZA provides visa packages based on the license and office space chosen.

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Advantages of Setting Up a Company in IFZA

  • Cost-Effective Setup: One of the most affordable free zones in Dubai with low license and registration fees.
  • 100% Foreign Ownership: One of the most affordable free zones in Dubai with low license and registration fees.
  • Tax Benefits: 0% corporate tax and 0% personal income tax.
    Exemption from import/export duties.
  • Flexibility in Business Activities: Combine multiple business activities under one license, reducing administrative costs.
  • Simplified Procedures: Fast and efficient company registration process with minimal paperwork.
  • No Physical Office Requirement: Businesses can operate with virtual office options (Smart Desk) without the need for physical office space.
  • Visa Flexibility: Cost-effective visa options with eligibility for investors, employees, and dependents.
  • No Minimum Share Capital: Unlike other jurisdictions, IFZA does not mandate any minimum paid-up capital.
  • Ease of Banking: Companies established in IFZA are recognized by UAE banks, making it easier to open corporate accounts.
  • Strategic Location: Proximity to key business hubs and transport facilities in Dubai, enhancing accessibility for clients and partners.
  • Repatriation of Profits and Capital: 100% repatriation of profits and capital without restrictions.
  • No Auditing or Reporting Requirements: IFZA companies are not required to submit annual audits or financial reports.
  • Tailored Solutions for SMEs and Startups: Flexible packages catering to new businesses and entrepreneurs.

Popular Business Activities in IFZA

  1. Trading: Import, export, and distribution of goods.
  2. Consultancy: Business advisory and professional services.
  3. E-commerce: Online retail and services.
  4. Logistics and Warehousing: Storage and supply chain management.
  5. Media and Marketing: Creative and digital marketing services.

Setting up a company in IFZA provides businesses with flexibility, cost-efficiency, and a strategic base to operate in the UAE and beyond. It is an excellent choice for entrepreneurs, SMEs, and multinational companies aiming for an easy and streamlined setup in Dubai.