International Free Zone Authority
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International Free Zone Authority (IFZA)
The International Free Zone Authority (IFZA) situated within the Emirate of Dubai, stands as a catalyst for fostering economic growth. Being strategically located, just 20 minutes’ drive away from Downtown Dubai and Dubai International airport, it offers a spectrum of advantages to entrepreneurs.
IFZA Dubai provides convenient access to burgeoning markets, complemented by streamlined processes and direct connectivity to major shipping routes and ports. This favorable location augments the appeal of establishing a company formation in IFZA.
Why opt for company formation in IFZA?
IFZA takes the lead as a reliable and cost-effective choice among Dubai’s free zones. Renowned for its tailored packages designed to accommodate diverse budget requirements for a Dubai free zone company setup, IFZA Dubai prioritizes both competitive pricing and high-quality services. Moreover, IFZA offers a range of workspace options, ranging from private offices to office suites, accommodating the varying needs of businesses.
IFZA dubai free zone company setup – The Advantages
Evidently, IFZA Dubai presents itself as an optimal destination for businesses seeking to establish their presence in the UAE market. Noteworthy advantages of IFZA’s offerings include:
- Exceptionally Competitive Setup Costs: IFZA boasts the lowest prices, making it an economically viable choice for entrepreneurs aspiring for company formation in IFZA
- Streamlined Procedures: The setup process is characterized by straightforward and efficient procedures, reducing unnecessary complexities.
- Minimal Requirements: IFZA imposes minimal prerequisites on investors intending to establish their businesses in the UAE.
- Versatile Workspace Solutions: Businesses can choose from flexible workspace options, including desks, private offices, and office suites, catering to diverse needs.
Benefits of Company Formation in IFZA
- Cost-Effective Options: IFZA offers the most cost-effective business setup solutions in the UAE.
- Diverse Activities: A wide array of commercial, service, and trading activities are available for selection.
- Remote Shareholder Setup: Physical presence of shareholders in the UAE is not obligatory for IFZA company formation.
- Limited Liability: Companies established in IFZA operate with limited liability.
- Capital and Profits Repatriation: Enjoy the freedom of 100% capital and profit repatriation.
- Foreign Ownership: 100% foreign ownership is permissible.
- Tax Advantages: IFZA boasts 0% corporate and personal income tax.
- Flexible Capital Requirements: No minimum paid-up capital requirement applies.
- Swift Formation Process: Companies can be established quickly, and various visa and non-visa packages are available.
- Global Accessibility: The strategic flight routes from IFZA facilitate access to two-thirds of the global population.
- Vast Market Reach: You can cater to a population of 9.8 million, expanding your market potential.
- Versatile Business Operations: IFZA companies can engage with both free zone and mainland entities, operating within and outside the UAE.
- No NOC Requirement: An NOC from an employer is not mandatory for company setup in IFZA.
- Combined Activities: One IFZA License can encompass a combination of professional, commercial, and industrial activities.
Types of IFZA Licenses and Companies
Entrepreneurs get distinct license options for various business activities in IFZA Dubai.
- Professional License: Designed for consultancy and service-oriented businesses.
- Commercial License: Suited for import, export, storage, and distribution activities.
- Industrial License: Tailored for import of raw materials and manufacturing and processing of specific goods.
IFZA permits combining up to seven activities under a single license or across different license types. Crucially, IFZA facilitates swift license issuance within four days and seamless company registration, eliminating the need for investors to physically travel to the UAE.
Necessary Documents for IFZA Company Formation
For Individual Shareholders:
- Passport copy.
- Passport photo for each shareholder.
- Emirates ID (for UAE residents).
- Visa copy (for UAE residents).
For Corporate Shareholders:
- Notarized and attested board resolution copy.
- Notarized copy of memorandum
- Notarized copy of articles of association.
- Notarized copy of trade license.
- Notarized copy of certificate of incorporation.
IFZA Dubai free zone company setup Process
Selecting IFZA for your company setup is an astute choice. To initiate a company formation in IFZA, follow the below process:
- Select a Package: Choose a package that aligns with your business requirements from the website.
- Submit Documents: Submit essential documents including passport copies, UAE entry stamp or visa copies, Emirates ID copies (if applicable), and passport-sized photos.
- Application Processing: The application is processed by IFZA, leading to license issuance within four to five working days.
Embrace IFZA as your gateway to establishing a thriving business in Dubai. To explore the diverse possibilities, get in touch with LINKS CORPORATE CONSULTANTS, a reputable business setup firm based in Dubai. Our dedicated team is committed to addressing your business inquiries and providing tailored solutions for a seamless company formation in IFZA.