International Free Zone Authority now in Dubai

International Free Zone Authority (IFZA) is a competitive free zone in Dubai that was originally founded in Fujairah.  The free zone is equipped with an expert team who keep themselves updated on the latest rules and regulations along with ensuring a flexible environment to set up business. The vast choice of business packages that extends from zero visa companies to multiple visa options and the cost-effective fees make IFZA a promising free zone.

Benefits of setting up a company in IFZA

  • Easily accessible location
  • Transparent and competitive pricing
  • Physical presence not required while setting up business
  • Availability of competitive general trading license
  • Paid-up shared capital not needed
  • Wide range of business activities
  • Establishment card with a validity of 3 years
  • 3 year visa
  • NOC not required for UAE visa holders

IFZA Licenses

At IFZA, professional, commercial and industrial business activities can be combined under one license. The free zone offers the below licenses;

  • Consultancy License

Business professionals who engage in professional consultancy services across various industries can avail this license.

  • Service License

Service license enables the production, re-production, transformation and distribution of services.

  • Trading License

With the help of trading license, businesses can import, export, distribute and store items that are included in this license.

  • General Trading License

With a general trading license, a licensee can trade in diverse activities and commodities that are permitted in the country.

  • Industrial License

Industrial license makes it possible to import raw material and manufacture, process, package and export specified products.

  • Holding License

This license permits holding standalone assets and/or shares in other entities.

How to Setup a company at IFZA

A completed license application form along with supporting documents must be submitted at IFZA as a primary step to incorporate your entity in this free zone. The documents will be different for residents, corporate shareholders and applicants who are located outside the country.

As the next step, applicant will be required to electronically sign e-legal documents mailed to them. Pre-filled MOA/AOA will also be sent to the applicant.

Following the initial processes, a soft copy of the Trade License and Certificate of Formation will be emailed to the applicant. The original incorporation pack can be collected from the IFZA Office.

Documents provided following the company incorporation process

  • Trade License
  • Certificate of Incorporation
  • Share Certificate
  • Memorandum of Association
  • Articles of Association

Timelines

ActivityTimeline
   Security clearance of shareholder(s)   Average of 48 hours
   Incorporation documents issuance    24 hours (after security clearance)
   Establishment Card    2 to 3 business days
   Employment Visa (e-VISA)   2 to 3 business days
   Status adjustment, medical test results    2 business days
   Visa stamping   3 business days
   Emirates ID     10 to 12 business days

IFZA promises a vast range of modern office solutions that vary from individual desks and private spaces to customized executive suites. Licenses can choose the one of their choice depending on their requirements.

If you have a reliable consultancy that can help you setup business at IFZA, then go for it. Jumeira Consultants has helped thousands of companies incorporate their company in various free zones across the country that include IFZA as well. We will assist you through the entire incorporation process.

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