IFZA Free Zone Business Setup
Start your business in Dubai today with Solutions FZCO, an IFZA Free Zone partner!
The International Free Zone Authority (IFZA) is one of the most dynamic and rapidly growing free zones in Dubai. IFZA offers a strategic location for businesses seeking to establish a strong presence in the UAE and beyond.
IFZA Free Zone has become a business hub in the UAE and it ranks high on the list of attractive free zones in UAE. This is because of its strategic location, just 20 minutes from Dubai International Airport, and its cost-effective business solutions.
IFZA is regulated by Dubai Silicon Oasis Authority, and it offers plenty of packages for entrepreneurs. Overall, IFZA is a great choice for investors looking to establish their business in the UAE on a tight budget.
Solutions FZCO is a leading partner of IFZA, helping companies set up their stronghold in the region. We have helped more than 50+ businesses set up in IFZA.
Why Set Up a Business in the IFZA Free Zone?
IFZA Free Zone offers a unique combination of benefits that make it an ideal choice for business setup. Its strategic location in Dubai provides easy access to international markets, while its business-friendly environment fosters growth and innovation.
It stands out from other free zones in Dubai for its competitive pricing, pocket-friendly business setup, and streamlined processes, making it an attractive destination for businesses of all sizes.
One of the key attractions of IFZA is its cost-effective business packages and transparent pricing, which makes it accessible for entrepreneurs and businesses with diverse budgets.
Benefits of Setting Up a Company in IFZA Free Zone
- Most cost-effective free zone
- 100% foreign ownership
- 100% Exemption on imports and exports
- 0% corporate and personal income tax
- No minimum paid-up capital requirement
- IFZA companies have limited liability
- No physical presence of shareholders required
- Wide range of business activities
- Various visa packages are available
- Strategic location
- Low-cost labor force
- Quick company set up
IFZA Business License Options
IFZA provides various business license options that cater to different business activities in the region. Here are some of the licenses offered:
- General Trading License: For businesses engaging in a wide range of trading activities both locally and globally. There is a commercial trading license as well that allows three business activities under one license.
- Consultancy License: For businesses providing professional or consultancy services.
- Professional License: For service-oriented businesses such as consultancies, lifestyle, technical, etc.
- Commercial License: For businesses involved in trading and distribution. It includes importing, exporting, and storage of goods.
- Industrial License: For manufacturing and industrial activities.
- Tourism License: This license is for businesses in the tourism sector such as travel agencies, recreational centers, and more.
Best Businesses To Start in IFZA Free Zone
International Free Zone Authority offers comprehensive business activities across different sectors. It gives a lot of room to entrepreneurs and single investors to set up their companies.
Here are some of the best businesses you can start in IFZA:
- Trading
- Retail
- Consultancy (IT, Finance, Legal, etc)
- Marketing and Media Agency
- Logistics, Distribution, and Warehousing
- PR, Publishing, and Advertising
- Software Development House
- Medical Centres and Healthcare
- Wellness Institutions (Clinics, Parlors, Gyms, Spa, etc)
- Cafes, Restaurants, and Hotels
- Real Estate Development and Brokerage
- Business Management
- Event Management
- Education and Training Institutes
- Banking and Financial Services
Types of Legal Entities in IFZA Free Zone
When setting up a business in the IFZA Free Zone, you can choose from different types of legal entities based on your business needs and structure. Each entity type has its own characteristics and requirements:
- Free Zone Establishment (FZE): It is a legal entity owned by a single shareholder. It is ideal for sole proprietors or single investors who want full control over their business.
- Free Zone Company (FZC): An FZC is a legal entity that can have between 2 to 50 shareholders. It is owned by multiple shareholders and is suitable for partnerships that require multiple investors.
- Branch Office: A branch office is an extension of an existing company, either foreign or UAE-based. It is suitable for companies that want to expand their operations into the IFZA Free Zone without forming a new legal entity.
How to Setup a Business in IFZA Free Zone [Steps]
Here’s a brief guide on how you can set up your company in International Free Zone Authority:
Choose Your Business Activity
The first step is to determine the business activity you with to conduct in the free zone. thankfully IFZA allows you to combine 7 different activities under one license, broadening your perspectives.
Register Your Company Name
Choose a name for your company and register it with the free zone authority. To avoid rejection, make sure the trade name you choose is unique and follows the regulations of DED.
Apply For the Trade License
Choose a trade license you wish to acquire and submit an application to the free zone, along with all the required documents and fees.
Bank Account Opening
Open a corporate bank account and deposit the minimum required capital according to your free zone. It is mandatory for secure business transactions.
Get Initial Approval
Once your application is approved, you will get an initial license approval from the free zone authority. At this point, you should complete your company registration process.
Acquire Your Trade License
Receive your IFZA Trade License and begin your operations. Start your business operations from day one in IFZA.
Apply for Visas
Apply for visas and work permits for shareholders and employees. IFZA offers a three-year visa policy for you, removing the need for constant renewals.
IFZA Free Zone PRO Services Offered by Solutions FZCO
- Trade Name Approval
- Trade License Amendment
- Procurement of Tenancy Contract
- Issuance of Labour Establishment Card
- Notary and Legal Authentication Services
- Trade License Renewal
- Residency Visa Processing
- Work Permit Acquisition
- Ejari Registration
- Business Liquidation
- Closure of Bank Accounts
- Acquiring Lease Agreements
Solutions FZCO – IFZA Leading Partner
Make your vision a reality in IFZA with Solutions FZCO.
At Solutions FZCO, we specialize in facilitating seamless business setups in IFZA Free Zone. We have helped more than 600+ businesses make a name in the UAE.
Our experts offer comprehensive business setup consultation and take care of the application processes. Use our local contacts in IFZA to receive your business license within 24 hours.
Contact us and get your free personal assistance with Solutions FZCO and initiate your IFZA company formation today!
