Why Setup a Company in International Free Zone Authority (IFZA) ?
Established as the leading investment hub in the UAE, International Free Zone Authority (IFZA) is one of the most popular free zones in the UAE. Strategically located 20 minutes from the Dubai International Airport and 20 minutes from Downtown Dubai, IFZA is the most cost-efficient jurisdiction; and takes a top ranking in the list of the most attractive Free Zones in the UAE. Company setup in IFZA is quick and cost-effective for ensuring that investors reap the returns on their investment efficiently.
Skwer Group Experts will guide you through the company setup in IFZA process from bank account opening in UAE, submission of required documents, to all the approval process, and other value added services like Digital Marketing Services, Accounting and Audit services, we have you covered!
Benefits of Company Setup in IFZA
100% Business Ownership and Capital Repatriation
Up to 6 Activities in 1 License
Simplify Your UAE Business Setup: License Categories and Activities in IFZA Free Zone
In the UAE’s International Free Zone Authority (IFZA), the category of your license varies based on your business setup.
For IFZA licenses and activities, your license category is linked to your business type. The list of activities available is extensive, and IFZA offers the following license:
For businesses with a service activity, registration is possible only as a branch of an existing UAE Mainland entity.
Service and Trading licenses are further divided into 2 and 3 types respectively. These types differ based on the number of activities permitted under the license:
1st type: Up to 7 activities from the same group
2nd type: Up to 12 activities from two or more groups
3rd type: No restrictions on the number of activities from 3 or more groups
The 3rd type of Trading license essentially constitutes the General Trading license.
Activities from various categories can be combined for greater versatility. While E-commerce isn’t listed as an independent activity, you can engage in online product sales using a regular trading license. It’s worth noting that all business activities within IFZA are sourced from the Dubai Department of Economic Development.
Quick & Easy Company Setup Process
Get Your IFZA Free Zone Company Register with Skwer Group!
Business Licenses Offered by IFZA Free Zone
License for import of raw material, and manufacturing and processing of certain goods.
License for providing services in logistics & supply chain
License for import, export, storage, and distribution.
License for consultancy and services businesses.
License for services offering manufacture of goods.
Types of Ownership
Limited Liability Company (LLC)
This entity type, known as a Free Zone Limited Liability Company, is established by multiple shareholders, which can encompass both individuals and non-individuals (companies).
Branch of Local Company
A Branch denotes an extension initiated by a parent company within IFZA, featuring complete ownership by the parent company and governed by its name and activities.
Main Characteristics of a IFZA Free Zone Company
|Company Legislation||International Free Zone Authority|
|Time to Incorporate||
3-4 working days for company license|
7-10 working days for immigration card
|Possibility of Migration||No|
|Share Capital||No minimum share capital|
|Beneficial Ownership Disclosure||No|
|Director||One minimum and no limit for maximum (individual)|
|Local Presence Requirements||No|
|Availability of Shelf Companies||No|
|Annual General Meetings||Yes|
|Filing of Accounts||No|
|Registered Office Required||No|
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Documents Required for Company Formation in IFZA
Documents required for company setup in IFZA depends on the shareholder is an individual or corporate entity. Basic requirements are:
|IFZA application form|
|Copy of shareholder(s) passport and CV copy|
|UAE Residence visa and Emirates ID copy|
|Utility bill copy|