IFZA Company Formation new - Gloace Fintax

IFZA Company Formation and Registration

The International Free Zone Authority (IFZA) in Dubai is a leading free zone recognized for its advanced infrastructure, cost-effective setup options, and streamlined regulatory environment. It offers an ideal platform for international entrepreneurs and businesses seeking to establish a strong presence in the UAE market.

 Business Setup
 Trade License
 Tax Advisory
 Corporate Bank Account
 Compliance Management
 Residence Visa Support

IFZA Business Setup

The International Free Zone Authority (IFZA) in Dubai is a leading free zone offering an efficient and cost-effective business setup solution for entrepreneurs and companies across a wide range of industries.

Initially established in 2018 in Fujairah, IFZA relocated in 2020 to Dubai Silicon Oasis, strategically positioning itself near key business hubs in the city. This relocation has significantly enhanced its attractiveness, making IFZA an ideal choice for establishing a business presence in Dubai.

A key advantage of IFZA company formation is its flexibility. Unlike many other free zones that focus on specific sectors, IFZA accommodates businesses across over 800 approved activities. Whether your business is in trading, services, logistics, or manufacturing, IFZA offers a streamlined setup process, making it accessible to a diverse array of entrepreneurs.

IFZA is also renowned for its cost-effective pricing. With one of the most competitive license costs in Dubai, it stands out as one of the most affordable free zone options. This makes IFZA a compelling destination for both local and international businesses looking to capitalize on Dubai’s dynamic and thriving economy.

When considering the cost of an IFZA license, businesses benefit from exceptional value—combining high-quality infrastructure and comprehensive business support, all at an attractive price point. With one of the lowest business setup costs in the market, IFZA remains an excellent choice for entrepreneurs seeking to minimize initial expenses while gaining access to premium facilities.

Overall, IFZA offers a versatile, investor-friendly environment that ensures a quick, affordable, and efficient business setup process in Dubai.

Advantages of IFZA Business Setup

Full Foreign Ownership

International businesses operating in IFZA are not required to have a local Emirati sponsor, allowing for 100% foreign ownership and control of the company.

Full Profit Repatriation

There are no restrictions or taxes on repatriating profits to the business’s home country, ensuring financial flexibility.

Tax Incentives

IFZA businesses enjoy exemptions from corporate taxes, provided they do not engage in transactions with mainland companies, as well as relief from import and export excise duties.

No Physical Presence Requirement

Businesses operating under an IFZA license are not required to maintain a physical office or storefront in the UAE, offering greater operational flexibility.

Comprehensive Facilities & Amenities

IFZA offers a range of workspace options, including flexi-desks, private offices, and dedicated workspaces, equipped with essential amenities such as high-speed Wi-Fi, furniture, air conditioning, printers, scanners, and meeting rooms.

Multiple Business Activities

Under a single business license, companies can conduct multiple business activities, eliminating the need to update or amend the license for diverse operations.

Licenses Available in IFZA

The free zone provides commercial and professional licenses and they cover the following:

✅ E-commerce License✅ Green Buildings Consultant License
✅ Food & Beverages Trading License✅ Construction & Building Materials Trading License
✅ General Trading✅ IT Consultancy License
✅ Events Management License✅ Tyres & Accessories Trading License
✅ Tourism License✅ Advertising & Marketing License
✅ Human Resources Consultancy License✅ Auto Spares & Components Trading License
✅ Travel Agency License✅ Management Consultancy License
✅ Corporate Services Provider License✅ Real Estate License
✅ Computer Trading License✅ Accounting License
✅ Immigration Services License✅ Holding License
✅ Home Furniture Trading License

IFZA Business

Setup Process

Step 1: Choose Business Activity and License Type

Select the relevant business activity (commercial, industrial, professional) and the appropriate license type (e.g., trading, consultancy, services) that aligns with your business goals.

Step 2: Select Company Structure

Determine the company structure, including the number of shareholders and ownership requirements, based on your business needs.

Step 3: Reserve a Trade Name

Choose a unique trade name that complies with IFZA regulations and submit it for approval.
Estimated Time: 1–2 days

Step 4: Submit Required Documents

Provide the necessary documentation to support your business application.
Estimated Time: 2–5 days

Step 5: Receive Initial Approval

After submission, IFZA will review your application and grant initial approval to proceed.
Estimated Time: 2–5 days

Step 6: Sign and Submit Legal Documents

Upon receiving initial approval, sign the required legal documents, including the Articles of Association (AoA) and other necessary agreements.
Estimated Time: 1–3 days

Step 7: Choose Office Space

Select the office space that meets your business requirements and budget.
Estimated Time: 1–2 days

Step 8: Payment of Fees and License Issuance

Pay the applicable fees, and once payment is confirmed, IFZA will issue your trade license.
Estimated Time: 1–2 days

Step 9: Visa Application Process

Apply for UAE residency visas for owners, employees, and investors through IFZA.
Estimated Time: 2–4 weeks

Documents Required in IFZA

Required documents vary based on the legal structure of the business: FZE, FZCO and Branch Office.

Document TypeFZEFZCOBranch Office
Application FormRequiredRequiredRequired
Passport CopiesShareholder’s copyCopies of all shareholdersParent company's representatives' copies
Passport-Sized Photos2-4 photos2-4 photos of each shareholder2-4 photos of representatives
Proof of ResidenceRequiredRequiredRequired
Application FormRequiredRequiredRequired (local address)
Business PlanRequired (if applicable)Required (if applicable)NOC from parent company
MOA (Memorandum of Association)Draft MOA neededDraft MOA neededMOA from parent company
Shareholders’ ResolutionsNot applicableRequiredNot applicable
Corporate DocumentsNot applicableRequired (if corporate)Parent company's Certificate of Incorporation
Initial ApprovalRequired for specific activitiesRequired for specific activitiesNot typically required
Trade Name ReservationRequired (if applicable)Required (if applicable)Not applicable

Company Formation in IFZA Dubai

Establishing a company in IFZA, Dubai, is a streamlined and efficient process, designed to ensure a seamless experience for entrepreneurs. For a smooth and hassle-free setup, partnering with a registered agent like RadiantBiz is highly recommended. Our expert team offers comprehensive guidance and support throughout the entire company formation process and beyond.

We will assist you in selecting the most suitable and cost-effective business package tailored to bring your business vision to life in Dubai. IFZA is a preferred choice for foreign investors looking to establish their startups in the UAE.

IFZA Free Zone offers an array of state-of-the-art facilities, including office spaces, warehouses, residential apartments, hotels, and retail outlets. A wide range of license options is available to meet the needs of businesses of all sizes, including Consultancy, Service, Trading, General Trading, Industrial, and Holding Licenses, making it an ideal location for both small local businesses and large international enterprises.

Frequently Asked Questions (FAQs)

How much is the mainland license in Sharjah? +

The cost of obtaining a Sharjah mainland license typically ranges between AED 15,000 and AED 30,000. This variation is influenced by several factors, such as the business activity, office rent, visa fees, and additional government charges. For more specialized business activities or larger operations, the costs can be on the higher end of this range​.

Is it difficult to get a license in Sharjah?

Obtaining a business license in Sharjah is relatively straightforward due to the Emirate's business-friendly environment. However, factors like meeting regulatory requirements, securing an office, and completing paperwork can present challenges. For those seeking a driving license in Sharjah, the process involves passing driving tests, though driving schools provide adequate training to help applicants succeed​

How much does it cost to set up a mainland business in UAE?

The cost of setting up a mainland business in the UAE ranges between AED 15,000 to AED 35,000. This cost provides benefits like 100% foreign ownership for certain sectors, access to government contracts, and over 2,000 available business activities to choose from. The final cost depends on the business type and its location .

What is the minimum investment to start a business in Sharjah?

The minimum investment required to start a business in Sharjah depends on various factors such as the type of business, its size, and the location. Generally, the starting cost for setting up a business in Sharjah is around AED 20,000. This includes the essential fees and legal requirements for getting the business operational.
Open chat
Hello
Can we help you?

Get A Free Consultation!