International Free Zone Authority iFZA

International Free Zone Authority IFZA

International Free Zone Authority (IFZA) Dubai

International Free Zone Authority IFZA is based in Dubai. It is a new free zone business hub for new businesses in the UAE. A Trade license is available at affordable prices. IFZA is a global attraction for new business setups and easy access to other nearby emirates like Dubai, Sharjah, and Rasul al Khaimah. It is one of the cheapest free zones in the United Arab Emirates for businesses to set up.

International Free zone Authority provides the industry with world-class amenities and optional virtual office license facilities. It delivers all the required and unique benefits for company formation with a cost-effective fee structure.

Fast-track investors can get a Trade License within 2 working days. A general trading license is the cheapest in IFZA and allows the business to be run within a day. IFZA has other permits, such as consultant, commercial trading, service, industrial, and holding licenses.

Ajman Business Setup is a certified Agent for Company Formation in IFZA (International Freezone Authority), and we can assist Setup companies without any hassle to investors. Due to the new free zone, IFZA designed many business setup packages in UAE business people and worldwide demand.

We are always ready to Assist you

“We’re here 24/7 to assist with business formation in Dubai, auditing, accounting, and tax services in UAE. Contact us:  +971 565539955.”

International Free Zone Authority IFZA

Advantages Of Company Formation In IFZA Free Zone

  • 100% foreign ownership
  • 100% exemption from corporate and income tax
  • 100% exemption from corporate and income taxes
  • Company setup in just one day
  • The physical presence of shareholders is not required
  • Cheapest, quickest, and easiest company formation
  • A wide range of business activities are available
  • No Physical office is required
  • No Share capital is required
  • No annual audit report is required
  • Ability to incorporate holding companies
  • No documents except a passport copy are required
  • A company with the suffix “LLC” (Limited Liability Company)
  • An employee visa does not require a guaranteed deposit.
  • Three-year UAE Residency visa for Owner & Employees
  • Easy bank account opening
ifza-workstations

Types Of Licenses In Dubai Ifza Freezone

The following licenses are available in IFZA (International Free Zone Authority):

1. A Consultancy License is granted to companies providing expert and professional consultancy services.

2. Service License allows service production, re-production, transformation, and distribution.

3. A Trading License allows the licensee to trade items specified on the trade license.

4. A General Trading License allows the licensee to trade a more comprehensive range of items.

5. An Industrial License allows the importation of raw materials, production, re-production, manufacture, packaging, and export of goods.

6. Holding License allows holding standalone assets and shares in other companies.

IFZA Dubai Free Zone Company Formation Cost: Commercial License Packages

Commercial License – No Visa
AED 11,999

1 shareholder.
No visa.
Trade license.
Dedicated account manager.

Yearly Fee from the second year: AED 11,999 (all-inclusive)

Commercial License – 1 Visa
AED 16,999
Multiple shareholders.
1 visa.
Trade license.
Office rental agreement.
P.O. box.
Dedicated account manager.
Yearly Fee from the second year: AED 16,999 (all-inclusive)

Commercial License – 3 Visas
AED 20,999
Multiple shareholders.
3 visas.
Trade license.
Office rental agreement.
P.O. box.
Dedicated account manager.
Yearly Fee from the second year: AED 20,999 (all-inclusive)

Trading License Packages

General Trading License – No Visa
AED 13,999
1 shareholder.
No visa.
Trade license.
Dedicated account manager.
Yearly Fee from the second year: AED 13,999 (all-inclusive)

General Trading License – 1 Visa
AED 19,999
1 shareholder.
1 visa.
Trade license.
Office rental agreement.
P.O. box.
Dedicated account manager.
Yearly Fee from the second year: AED 19,999 (all-inclusive)

General Trading License – 3 Visas
AED 23,999
Multiple shareholders.
3 visas.
Trade license.
Office rental agreement.
P.O. box.
Dedicated account manager.
Yearly Fee from the second year: AED 23,999 (all-inclusive)

Terms and conditions for visa-related packages:

  • Two (2) business activities are already included in every trading license.
  • General trading activity is only available with a visa package.
  • All visa license packages include an office rental agreement.
  • eChannel registration for visa: The E-channel registration fee (AED 5,000, a refundable security deposit) is payable for all visa packages.
  • The cost of an investor/employment visa is AED 4,700 per person. The residence visa is valid for three (3) years.
  • The medical fitness fee (AED 300 for standard and AED 875 for express service) is payable directly.
  • The Emirates ID application fee (AED 370) is payable directly.
  • The establishment card cost is AED 1,500 for three years.
  • Visa status change cost: AED 800 payable at the change of visa status, if required.

Here are the timelines for establishing a free zone company in IFZA Free Zone, UAE.

Day 1 – Application submission

You will sign and submit your application.

Day 3 – Reservation of name

We will reserve your company’s name with the IFZA Free Zone.

Day 4 – Submit documents to IFZA.

We will submit your application along with the required documents to IFZA.

Day 6 – Trade license is issued

IFZA will issue your trade license. We will send you a scanned copy to start your business activity.

Day 7

Original company documents will be available for collection at our offices.

Day 21

Immigration will issue the Immigration Card. It will enable you to apply for your visa.

Day 21

You will need to submit your visa application forms and the required documents.

Day 26

Your UAE entry visa will be issued and sent to you by email.

Day 27

Once the blood test report has been issued, you can proceed with the blood test and stamp the residence visa on your passport.

Business Setup Services in iFZA by Mehar Business Solutions LLC

Are you looking to establish your business in the UAE, specifically in one of the most advantageous free zones? At Mehar Business Solutions LLC, a Dubai-based company, we specialize in providing comprehensive business setup services in the International Free Zone Authority (iFZA). Our expert team is dedicated to making your business setup process seamless and efficient, ensuring you take full advantage of iFZA benefits.

The International Free Zone Authority (iFZA) is renowned for its conducive environment for foreign entrepreneurs. One significant advantage of setting up a business in iFZA is that it provides 100% foreign ownership, allowing you to retain complete control of your venture. iFZA also offers zero local taxation and no import and export duties, making it an attractive option for startups and established businesses.

At Mehar Business Solutions LLC, we understand that navigating the legal and administrative requirements can be daunting. That’s why our team offers personalized assistance in every step of the business setup process. From selecting the right business activity to ensuring compliance with local regulations, we provide tailored solutions to your needs.

Our services include:

  • Business License Application: We help you choose the right type of business license, whether it’s for trading, service, or professional business activity, and handle all applications with iFZA.
  • Document Preparation: Our team will assist you in preparing and organizing all necessary documentation, ensuring a smooth application process.
  • Office Space Solutions: iFZA requires a physical office space for your business. We can help you find the perfect office or flexi-desk solution that meets your requirements and budget.
  • Visa Services: Assisting you in obtaining UAE residence visas and work permits for you and your employees.
  • Ongoing Support: Once your business is established, we continue to provide services like bookkeeping, accounting, and compliance management.

Setting up a business in iFZA opens doors to unparalleled growth opportunities and provides access to a robust network of entrepreneurs and businesses in the region.
With years of experience and a deep understanding of the UAE market, Mehar Business Solutions LLC is your trusted partner for business setup in iFZA. Let us help you turn your business vision into reality and take advantage of the myriad benefits of establishing your company in one of the world’s most dynamic environments.

FAQ

Questions and Answers about International Free Zone Authority (iFZA)

The International Free Zone Authority (IFZA) is a regulatory authority in the UAE that was established to provide a streamlined and cost-effective platform for business setup in an international free zone. It facilitates incorporating businesses in various sectors, offering 100% foreign ownership and tax exemptions.

IFZA offers numerous benefits, including 100% foreign ownership, 0% corporate tax, no import or export duties, minimal office space requirements, the ability to conduct business internationally, and access to a wide array of business services and support.

IFZA allows for registering various types of businesses, including trading, service-based companies, and professional services. It will enable entrepreneurs across multiple industries to establish their operations in a tax-free environment.

The process typically involves:

  • Selecting a business activity and type of company.
  • Choosing a business name and submitting it for approval.
  • Preparing the required documents (such as passport copies).
  • Applying for a business license through iFZA.
  • Leasing office space, if necessary.
  • Complete the registration and receive your business license.

The company registration process with IFZA can be completed in as little as 1-3 business days, provided all documentation is in order and submitted correctly.

Costs can vary depending on the business license type, office space requirements, and additional services. However, setup costs are generally competitive, and various packages are available to accommodate different budgets.

Yes, IFZA requires businesses to have physical office space. Depending on your business needs and the selected package, this can be a flexi-desk or a dedicated office.

Yes, iFZA offers many additional services, including visa services, accounting support, legal assistance, and networking opportunities, ensuring businesses have the necessary resources to achieve business goals.

Yes, iFZA allows international entrepreneurs worldwide to set up businesses, providing an inviting environment for foreign investment and company formation.

To apply for a business license with iFZA, you can visit their official website, fill out the application form, and submit the required documentation. Additionally, businesses can seek assistance from corporate service providers specializing in iFZA registrations.

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Contact us today to learn more about our services and kickstart your journey towards business success in the UAE! other services are business setup in Dubai, pro services in Dubai, and other free zones we assist, Ajman free zone, Meydan free zone, etc

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