Are You Looking for IFZA Free Zone Business Setup in Dubai?

The International Free Zone Authority(IFZA) was founded by Dubai Silicon Oasis in August of 2018 in Fujairah. However, in August 2020, it has moved to Dubai which significantly increased its popularity among the free zone authorities in the UAE.

Since it provides opportunities for free zone Business setup in Dubai with various lucrative packages, investors from all over the world recommend IFZA Dubai. This is not the only reason they recommend Dubai free zone company formation in IFZA.

Free Zone Company formation in Dubai  is itself a good choice. However, IFZA Dubai provides certain benefits and incentives that keep it ahead of the curve. Even though it is one of the youngest free zones in the UAE, entrepreneurs and investors still choose IFZA business setup in Dubai. Some of their most popular packages offer 3-year and 5-year IFZA Dubai license packages.

Why IFZA Dubai is a Leading Choice For Business Setup?

IFZA Dubai offers a global quality business hub for all types of businesses, and different license options to effectively cover all activities and needs. Our Company Setup consultants are here to support you through a cost-effective setup process and sufficient business consultation solutions.

What are the Business Trade Licenses offered by the IFZA Dubai?

Based on the business activities you want to perform in the International Free Zone Authority, you need to apply for one of the six business trade licenses they offer. For  IFZA Business Setup in Dubai, you must select one of these licenses since it is a mandatory step in the business setup process.

Here are the business trade licenses offered by the IFZA:

Commercial License

The commercial license allows business activities such as importing, exporting, storage, and distribution of products. The commercial license is perfect for businesses that want to become suppliers here in Dubai or want to export supplies from the UAE.

Professional License

The professional license is issued by the Department of Economic Development in Dubai. This license allows business activities that are commonly pursued by service providers here in Dubai. Businesses that need to apply for the professional license include healthcare institutions, care service provides, security services providers, etc.

Industrial License

The industrial license allows the business activities that you need to perform to manufacture goods in the UAE. These activities include importing raw materials, processing raw material, producing final products, packaging the finished products, distribution of the products, and export of the finished products.

General Trading License

The general trading license is one of the most flexible business trade licenses provided by the IFZA Dubai. It allows a wide range of business activities including service activities and trading activities. All businesses following the B2B, B2C, and C2B models can apply for the general trading license.

Consultancy License

The consultancy license allows business activities that various consultancies in the UAE need to perform. For obtaining the consultancy license, you need expertise and experience in the particular field you want to provide consultancy services in. For example, if you want to provide construction consultancy, you need to be sufficiently experienced in the construction industry.

Service License

The service license allows the business activities a business needs to perform for adding in the production and distribution of products in the UAE. For example, if you want to provide transportation services for manufacturers or producers, you need to apply for a service license.

IFZA Freezone Business Setup Package & IFZA License Cost

Consultancy & Services License

IFZA Packages IFZA License Cost
Zero Visa – Commercial License AED 11,500
License with 1 Visa Quota AED 15,700
License with 2 Visa Quota AED 17,900
License with 3 Visa Quota AED 19,700
License with 4 Visa Quota AED 21,300
License with 5 Visa Quota AED 22,900
License with 6 Visa Quota AED 24,700

Trading License

License Packages Fee in AED
Zero Visa – Commercial License AED 11,500
License with 1 Visa Quota AED 15,700
License with 2 Visa Quota AED 17,900
License with 3 Visa Quota AED 19,700
License with 4 Visa Quota AED 21,300
License with 5 Visa Quota AED 22,900
License with 6 Visa Quota AED 24,700

Card & VISA Fees

Cards & VISA Fees Fee in AED
Establishment Card (3 years) AED 1,500
Resident Visa (3 years) AED 3,750
Medical test AED 870
Emirates ID AED 370

IFZA Business Setup: Complete Process

As the world moves towards the internet more and more every day, free zone company formation in Dubai is just a few clicks away thanks to the International Free Zone Authority. You can do it from the comfort of your home in a few minutes. Besides the ease of company formation in  IFZA free zone , they are also one of the most cost-effective free zones in the UAE.

Here are the steps you need to follow in order to set up your free zone company in IFZA:

    • Decide the ideal company structure
    • Apply for business registration
    • Submission of all required documents
    • Pay the required license fee
    • Issuance of e-agreement from IFZA
    • Sign e-agreement and share capital letter (only applicable for FZE & FZCO)
    • Issuance of e-license

Documents Required for Business Setup in IFZA Free Zone

Here are the documents required by the IFZA free zone company formation in Dubai:

  • Copies of the passports of all the shareholders of the company.
  • Passport-sized photos of all the shareholders of the company.
  • UAE visit visa or proof of entry of all the shareholders of the company.
How to Obtain a UAE Residence Visa After Dubai Free Zone Company Formation in IFZA

After company formation in Dubai free zone, you can obtain a UAE residence visa for staying in Dubai for managing and running your business. Even if you will run your business through a manager, you can still obtain a UAE residence visa after Dubai free zone company formation in IFZA.

Here are the steps you need to follow to obtain the UAE residence visa:

  1. Apply for the established card of your company after getting the IFZA business trade license.
  2. Wait for 5 to 7 days to obtain the established card of your company.
  3. Fill the UAE residence visa application form to the IFZA.
  4. Submit the required fees to the IFZA.
  5. Once you receive the visa, you need to go take a medical test within two to three days of the mentioned date.
  6. After the medical test is complete, apply for the Emirates ID.
  7. Complete the Emirates Biometric Scanning process.
  8. Submit the required documents to the IFZA office and wait for the Emirates ID.
  9. Collect your visa Emirates ID and Visa.

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YOUR BUSINESS SETUP IS

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All you need to do is fill up the form or leave us a chat and we will get
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What Makes IFZA Dubai Free Zone Company Setup Unique?

Here are the features that make IFZA Dubai Free Zone so unique:

      • The only document required is a copy of your passport.
      • Your presence in Dubai is not required to open your business through Company Setup consultants.
      • Your business can be incorporated within one day through Company Setup Consultants.
      • They provide affordable, cost-effective free zone licenses.
      • You can open a Limited Liability Company so that your personal assets are protected in case of bankruptcy.
      • It is easy to open a bank account.
      • No minimum requirement for share capital when getting started.
      • No requirement for a physical office space.
      • 100% exemption from taxes on corporate and personal incomes.
      • 100% repatriation of capital and profits.
How much does it cost to start a free zone company in Dubai through IFZA?

The cost of the IFZA company setup Dubai free zone will depend on the license and package you select for your business. The cost also increases with the number of visas you apply for. An IFZA company formation can cost you anywhere from AED 11,500 to AED 24,700.

If you want to get started with your own free zone company formation in Dubai, then you are in the right place. Company Setup experts are here to help you start your Dubai free zone company. Contact us today and hit the ground running.