Business Setup in IFZA Free Zone Dubai
The International Free Zone Authority (IFZA) in Dubai has quickly become a preferred destination for entrepreneurs and investors seeking a cost-effective, business-friendly environment.Read More
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Why Choose IFZA Free Zone for Business Setup?
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- Strategic Location
IFZA is strategically positioned in the heart of Dubai, offering seamless connectivity to global markets via Dubai’s world-class transportation infrastructure. Its location makes it ideal for businesses reliant on international trade and logistics. - Cost-Effective Business Environment
IFZA is renowned for its affordable company formation packages, making it one of the most cost-effective free zones in UAE. Entrepreneurs benefit from competitive setup fees and minimal operational costs. - 100% Foreign Ownership
Unlike mainland companies, businesses in IFZA enjoy 100% foreign ownership, providing entrepreneurs full control over their operations without the need for a local sponsor.
- Strategic Location
Types of IFZA Licenses
Key Benefits of Setting Up a Business in IFZA
Step-by-Step Process to Set Up a Business in IFZA
Costs of Business Setup in IFZA
PRO Services in IFZA
How to Obtain a UAE Residence Visa Through IFZA
Why Choose IFZA for Your Business?
Disclaimer
Types of IFZA Licenses
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
Key Benefits of Setting Up a Business in IFZA
- Streamlined Operations
Businesses in IFZA benefit from easy-to-navigate regulatory processes, saving time and effort.
- Global Networking Opportunities
Entrepreneurs in IFZA have access to a thriving business community, fostering partnerships and collaborations across industries.
- Modern Infrastructure
State-of-the-art facilities, including corporate offices and storage spaces, ensure businesses have access to the resources needed to thrive.
- Access to Skilled Workforce
Dubai’s diverse talent pool allows businesses in IFZA to hire qualified professionals across various fields.
- 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
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:
- 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.
- Select a Business Activity
Identify the primary activity for your business. IFZA offers a broad range of options to suit various industries.
- Choose a Trade Name
Reserve a unique trade name that complies with IFZA’s naming guidelines.
- 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
- Obtain Initial Approval
Receive preliminary approval for your business activity and trade name.
- Sign E-Agreement and Capital Letter
Sign the electronic agreement and share capital letter (if applicable) to proceed with the registration process.
- Pay Licensing Fees
Pay the required fees for your selected license type. Fees vary based on the license and visa requirements.
- 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
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
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
How to Obtain a UAE Residence Visa Through IFZA
Follow these steps to secure a UAE residence visa:
- Apply for the establishment card.
- Fill out the visa application form and pay the fees.
- Undergo a medical check-up and biometric scanning.
- Submit Emirates ID application.
Receive your residence visa and Emirates ID within 10 working days.
Why Choose IFZA for Your Business?
Why Choose IFZA for Your Business?
- Flexible Business Solutions
IFZA’s diverse licensing options and legal structures cater to businesses of all sizes and industries.
- Financial Independence
100% foreign ownership and tax benefits empower entrepreneurs to retain full control of their business and finances.
- Convenient Banking
IFZA’s streamlined procedures simplify the process of opening corporate bank accounts.
- Comprehensive Support
From setup to operations, IFZA provides end-to-end support, ensuring a smooth journey for entrepreneurs.
Disclaimer
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!
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Cost of Registering Business in IFZA Free Zone
Dubai Mainland Company Setup
AED 18,000
Dubai Mainland Company Setup
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- Global Operations.
- No Local Sponsor Fees.
- No Paid-Up Share Capital Required.
- Complimentary P.O. Box in Dubai.
- Diverse Professional Activities.
- Get Started Today.
Free Zone Company Setup
AED 12,900
Free Zone Company Setup
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- Prime Locations.
- 100% Foreign Ownership.
- Flexible Shareholding.
- Tax Benefits.
- Personalized Support.
- Start Your Journey.
Offshore Company Setup
AED 18,500
Offshore Company Setup
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- Operate Internationally.
- Full Ownership.
- Tax Exemptions.
- Financial Flexibility.
- Cost-Efficient Energy.
- Launch Your Offshore Venture.
Our USPs
FAQs Setting Up Business in IFZA Free Zone
What kind of companies am I allowed to establish in a free zone?
You may run companies in the areas of finance, education, trade, services, media, etc Knowing the permitted types of businesses allowed in the free zone areas refer to the free zone authorities.
What should I do for a freezone business setup in dubai?
Free Zones requires little paperwork and takes some time to process the application. Follow these steps to establish a business in a free zone:
- Choose the nature of the legal structure
- Select a name for the entity
- Apply for a trade license
- Locate an office space
- Get pre-approvals, incorporate the business, and therefore get the license.
What are the policies for naming businesses in Dubai free zones?
The trading name will be one of the considerations you will need to make when choosing the type of business entity. Perhaps, it is already registered with the free zone authority or with the Department of Economic Development (DED).
Which three free zones are the cheapest in the UAE?
The cheapest free zones for establishing a business are:
- Global Free Zone Management
- Ajman Media City Free Zone
- Ras Al Khaimah Economic Free Zone also known as RAKEZ.
Does the company registered in Dubai Free Zones have to file an audit report?
Yes, companies registered in the free zones and having the free zone trade license are required to provide an annual audit report for getting the renewal of the free zone trade license. BrightVision uses only accredited auditors for all Free Zones all over the United Arab Emirates.
What is the cost of setting up a business in Dubai Free Zone?
The amount that you are required to pay to register a firm in Dubai ranges from AED 25000 to AED 29000 for a Civil Company that comes with a Virtual Office and the Trade License expires one year from the time of issuance. BrightVision is particularly involved in providing affordable company formation services to investors in Dubai.
How do I form a company in Dubai free zone?
First of all, decide what kind of business you will do and the type of license you need for your business. Identify the free zone that provides the relevant incentives to your kind of business. Determine the way of the company’s organization (ownership, management). Next, choose a catchy and easy-to-remember name, and gather all the necessary paperwork. After that, once all documents are ready, request primary consent from the free zone. Then, file the incorporation documents to make it official out of which you are planning. Find an area of the free zone where you would like to start your business or your office. Finally, obtain your business license – this legal permit allows you to conduct business in the free zone. Please note, that this is a simplified model, and it is always recommended to consult with a professional.
Which are the best Free Zones Business Setup Consultants in Dubai?
Being one of the most recognized business consultants in UAE, BrightVision offers the best business setup solutions, which help you to start a business in UAE Free Zones.
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