The IFZA free zone was created in Fujairah but move to the state of Dubai. It offer a range of benefits, it is all set to become a leading, state of the art investment hub; that is sure to help the UAE economy thrive further. This free zone is well located to offer easy access to the growing markets. The benefits of IFZA business setup include well run procedures; and open access to major shipping routes as well as ports.
The Benefits of Your IFZA Business setup
IFZA can easily be considered the best location for business to setup their presence in the UAE market. IFZA business setup offers the lowest prices, easy to follow processes; and minimum requirements to investors who wish to start their business in this booming market.
Other benefits of a business setup in IFZA free zone include:
IFZA business setup is the most cost effective options in the UAE.
For business setup in IFZA free zone a wide range of commercial, services and trading activities available.
The physical presence of the shareholders is not needed in the UAE for IFZA business setup.
IFZA free zone companies have limited liability.
100% repatriation of capital as well as profits.
100% foreign ownership allowed. Also there is 0% corporate or personal income tax.
No minimum paid up capital requirement as well as Quick business setup process.
Various visa as well as no visa packages available in this free zone.
Two third of the world’s population is easily accessible by flight routes.
You can cater to a population of 9.8 million.
IFZA companies can do business with free zone and mainland companies.
Business setup in IFZA can also operate outside of UAE.
IFZA does not require NOC from your employer.
Professional, commercial as well as industrial activities can be combining under one IFZA License.
Types of IFZA licenses and companies
The different types of licenses issued by the IFZA Free Zone in Dubai are:
Professional: License for consultancy as well as services businesses.
Commercial: License for import, export, storage as well as distribution.
Industrial: License for import of raw material, and manufacturing as well as processing of certain goods.
IFZA allows joining up to seven (7) activities that may belong to either a single license or different license types.
Most essentially, the IFZA free zone helps investors by allowing them to get their license in just four (4) days. Along with quick setup process it also offers business setup packages; which is aiming at full fill your needs and demands. The investors can easily obtain license and register their business without having to travel to the United Arab Emirates.
The type of business setup in IFZA free zone
Limited liability Company (LLC): This is a legal form in which the liabilities of the company are its own; and it does not become the personal liabilities of the shareholder. The shareholder’s liability is restricted to the extent of his share in the company. The assets of an LLC are picking up in the name of the company and not in the name of the shareholder.
Branch: Existing enterprises can open a branch in IFZA free zone. The branch and the parent company will carry out the same activity. The liability of the branch is the liability of the parent company.
An LLC and a branch setup in IFZA free zone is suffixed by the term ‘FZCO’.
Office Space for an IFZA free zone business setup
IFZA free zone offer the following office options:
Flexi desk option for IFZA business setup
It is an equipped shared desk which you can use for a maximum of ten (10) hours per week; that is from Sundays to Thursdays from 9:00 A.M to 6:00 P.M. The flexi desk includes a company address at the IFZA free zone; wifi connection, meeting room usage of one hour per month. But note that you can also use a conference room on additional payment.
It is a fully prepare desk locate in the business center of an IFZA free zone. The beauty of this disk is that there is no time limit on the usage of these desks. In this option you will get a free wifi connection; one parking space as well as meeting room access for 5 hour per month. But note that like flexi desk you can also use a conference room on additional payment.
Dedicated office option for IFZA business setup
This is a permanent office space of 9 square meters in a joint space. The office space will contain of one workstation and you will have an access to wifi; also a meeting rooms for 5 hours per month; conference room which will be used for one (1) hour per month, and one parking space.
Private office option for IFZA business setup
IFZA free zone offers private offices of 12.5 square meters fitted with one executive desk or two workstations. This office can be used 24 X 7. This type of option you can also get wifi connection, meeting rooms for 7 hours per month; and a conference room for two hours per month, and one (1) parking space. Private offices can be used 24*7.
Personalized office option for IFZA business setup
A personalized office at IFZA free zone is an unfurnished space of twenty (20) square meters and above. In this option you can also gets access to wifi, meeting rooms for seven hours per month; conference rooms for five (5) hours per month, as well as two parking spaces. Like private offices, this type of a offices can be use 24×7.
How to setup a business in IFZA free zone
Setting up a business in IFZA free zone is an easy process. You just need to place the order on this website; and select your preferred package base on your business requirement. We offer various packages for all license types; which include commercial, professional, industrial as well as general trading company license.
Here is the step by step process for setting up an IFZA company:
Step 1: Select a package as well as place your order on the website.
Step 2: provide the following documents for the starting of the procedure:
Color as well as clear scans passport copy of each shareholder.
Latest UAE entry stamp or UAE visa of each shareholder (if available).
Emirates ID copy (if applicable).
Passport size photo of each owner of the company with white background.
Step 3: We will finalize the application as well as process the same with IFZA free zone. IFZA free zone will issue the license in four to five (4-5) working days.
We are professional Business setup consultants in Fujairah. Our main office is in Fujairah. Our firm is established in the year of 2014, we are offering integrated business setup explanations for entrepreneur to form a business in Fujairah and as well as in UAE.