Types of IFZA Licenses

IFZA offers a variety of licenses tailored to different business activities:

1. Commercial License

• Permits trading activities, including import, export, and distribution.
• Suitable for businesses dealing in goods and commodities.

2. Industrial License

• For businesses involved in manufacturing, processing, and production.
• Requires approval from relevant authorities for specialized activities.

3. Professional License

• For service-based businesses, such as consultancy, IT services, and other professional activities.

4. Consultancy License

• Enables businesses to provide expert consultancy services across various industries.

5. General Trading License

• Allows businesses to trade a wide range of goods without restrictions on product categories.

6. Service License

• Designed for businesses offering services, including production, transportation, and more.

Key Benefits of Setting Up a Business in IFZA

1. Streamlined Operations

Businesses in IFZA benefit from easy-to-navigate regulatory processes, saving time and effort.

2. Global Networking Opportunities

Entrepreneurs in IFZA have access to a thriving business community, fostering partnerships and collaborations across industries.

3. Modern Infrastructure

State-of-the-art facilities, including corporate offices and storage spaces, ensure businesses have access to the resources needed to thrive.

4. Access to Skilled Workforce

Dubai’s diverse talent pool allows businesses in IFZA to hire qualified professionals across various fields.

5. Supportive Business Environment

IFZA’s authorities provide continuous support to entrepreneurs, offering guidance and assistance whenever needed.

Step-by-Step Process to Set Up a Business in IFZA

Setting up a business in IFZA is a straightforward process. Here’s how to get started:

1. Decide on the Legal Structure

Choose a suitable legal structure, such as a Limited Liability Company (LLC), sole proprietorship, or branch office, based on your business needs.

2. Select a Business Activity

Identify the primary activity for your business. IFZA offers a broad range of options to suit various industries.

3. Choose a Trade Name

Reserve a unique trade name that complies with IFZA’s naming guidelines.

4. Submit Required Documents

Prepare and submit the necessary documents, including:

• Passport copy
• Digital passport photo
• Emirates ID (for UAE residents)
• Proof of address
• Completed application form

5. Obtain Initial Approval

Receive preliminary approval for your business activity and trade name.

6. Sign E-Agreement and Capital Letter

Sign the electronic agreement and share capital letter (if applicable) to proceed with the registration process.

7. Pay Licensing Fees

Pay the required fees for your selected license type. Fees vary based on the license and visa requirements.

8. Receive Your Business License

Once all requirements are met, IFZA issues the business license, allowing you to commence operations.

Costs of Business Setup in IFZA

The cost of setting up a business in IFZA depends on the chosen license and additional requirements. Here are the approximate costs:

• 1-Year Business License (0 visas): AED 12,900
• 2-Year Business License: AED 20,000
• License Renewal: AED 12,900

Additional costs may apply for visas, office space, and other services.

PRO Services in IFZA

Professional services offered in IFZA include:

• Trade name approval
• Visa processing for employees
• Work permits and labor establishment cards
• Notary and legal documentation
• Ejari registration and tenancy contracts

How to Obtain a UAE Residence Visa Through IFZA

Follow these steps to secure a UAE residence visa:

1. Apply for the establishment card.
2. Fill out the visa application form and pay the fees.
3. Undergo a medical check-up and biometric scanning.
4. Submit Emirates ID application.

Receive your residence visa and Emirates ID within 10 working days.

Why Choose IFZA for Your Business?

1. Flexible Business Solutions

IFZA’s diverse licensing options and legal structures cater to businesses of all sizes and industries.

2. Financial Independence

100% foreign ownership and tax benefits empower entrepreneurs to retain full control of their business and finances.

3. Convenient Banking

IFZA’s streamlined procedures simplify the process of opening corporate bank accounts.

4. Comprehensive Support

From setup to operations, IFZA provides end-to-end support, ensuring a smooth journey for entrepreneurs.

Disclaimer

This content is for informational purposes only. Regulations and processes may change, and individual circumstances may vary. Consult a professional business setup advisor for personalized guidance.

With its strategic location, cost-effective packages, and business-friendly policies, IFZA Free Zone Dubai is an excellent choice for entrepreneurs looking to establish a successful venture in the UAE. Connect with experienced consultants to get started on your IFZA business setup today!