International Free Zone Authority (IFZA)
International Free Zone Authority (IFZA) commenced its operations in 2018 in Fujairah. IFZA inked a deal with Dubai Silicon Oasis Authority (DSOA) in 2020 for facilitating flexibility and ease of doing business. Based in the dynamic business and commercial hubs of the UAE, IFZA has a lot to offer. Its location is both favorable and strategic. The International Free Zone Authority in Dubai offers a multitude of business activities that range from over 1000. You can take advantage of their competitive packages and flexible business setup solutions. The authority gets you covered for 360-degree solutions for all the business setup requirements. If you wish to set up an IFZA Free Zone Company in Dubai, you can bank on Golden Fortune’s reliable Company Formation Services.
Salient features and advantages of IFZA Business Setup
- Multi-currency Corporate bank accounts
- It allows 100% foreign ownership.
- Absence of income tax.
- No physical presence in the UAE is required to incorporate your company.
- Cost-effective Business Setup Packages
- Fast & easy Freezone company incorporation
- Offers Customized Office Setup Solutions including Flexi Desk, Executive Office
- Multi-currency Corporate bank accounts
- Diverse business activities
- Consultancy, Service and Trading options
- No requirement for the physical presence of shareholders
- No physical office requirements
- No need to present evidence of share capital
- 100% exemption from corporate and income taxes
- Zero foreign currency restrictions
- Full repatriation of company profits and capital
- Ability to incorporate holding companies
Company registration in IFZA (International Free Zone Authority) involves a set of processes and requirements that must be met for IFZA Dubai Business setup. The process typically involves the following steps:
- Choosing a company name: The first step in the company registration process is to select a name for the business. The name must be unique and comply with the IFZA’s naming guidelines.
- Choosing a legal structure: The next step is to choose a legal structure for the business below:
- Free Zone Company (FZCO) – will be owned by individual shareholders.
- Branch of a Foreign Company – will be owned by the foreign entity.
- The branch of a UAE/Dubai Company- will be owned by the local entity.
The chosen structure will determine the ownership and shareholding structure of the business.
- Submitting the application: The next step is to present the company registration application along with the required documents, such as:
- Valid Passport copy
- Passport photo (white background)
- Submit a business plan to the Golden Fortune Team.
4. Obtaining approvals: After submitting the application, the IFZA authorities will send a link to get the digital signatures of the shareholders and the general manager. Upon reviewing the application, IFZA may request additional information or documentation. Once all the required data is submitted, IFZA will issue the necessary approvals for your company setup.
- Paying the registration fees: The final step is to deliver the registration fees, which will depend on the chosen legal structure and other factors, such as the required size of the office space.
It’s important to note that the exact requirements for company registration in IFZA may vary depending on the chosen legal structure and other factors, and it’s always advisable to check with the Golden Fortune team for the latest information and guidance.
IFZA (International Free Zone Authority) offers a wide range of business activities for investors to set up their businesses in the free zone. The free zone allows for both commercial and industrial activities, and companies can operate in various sectors, including:
- Trading activities: IFZA allows companies to engage in various trading activities, such as import/export, re-export, and distribution of goods. This includes wholesale and retail trade and electronics, garments, and machinery trading.
- Manufacturing activities: IFZA provides opportunities for manufacturing activities, such as food processing, packaging, and assembly. The free zone offers world-class infrastructure and modern facilities to help businesses establish a production line that meets international standards.
- Services activities: IFZA offers a wide range of service activities that include professional, technical, and support services. This includes services such as consulting, IT services, legal services, accounting, and auditing services.
- Logistics activities: The free zone provides excellent infrastructure and logistics support that enables companies to engage in warehousing, distribution, and freight forwarding activities.
- Media and entertainment activities: IFZA provides a creative platform for media and entertainment companies to operate in the free zone. This includes activities such as film production, broadcasting, and publishing.
- Education and training activities: IFZA offers opportunities for companies engaged in education and training activities. This includes language training, professional development, and vocational training.
It’s important to note that the exact types of business activities permitted in IFZA may vary depending on the chosen legal structure and other factors, and it’s always advisable to check with the Golden Fortune team for the latest information and guidance.