1. What are the permitted activities in IFZA?
As one of the most dynamic Free Zones in the UAE, IFZA Dubai provides local and international businesses with the ideal platforms and location to fully optimise the benefits of the UAE’s strategic geographic position and world-class infrastructure in a business and tax-friendly environment.
Working through a global network of Professional Partners, IFZA’s multinational team of experts are on hand to assist and provide up-to-date advice on the perfect fit for company formation from over 2,000 business activities within the following types of Licenses:
For businesses providing professional consultancy and multiple types of services, for example technical, lifestyle, and similar types of services.
Authorizes the import, export, distribution & storage of specified items.
Foreign incorporated companies may also register a branch at IFZA Dubai.
IFZA Dubai gives the unique flexibility to combine both professional and commercial activities under one License, for an additional fee. We also offer full flexibility for IFZA License upgrades and downgrades at any time.
2. What is the cost of renewals in IFZA?
IFZA Dubai offers businesses transparent and competitive pricing of Business Licenses.
3. How long will it take to set- up a company in IFZA?
The streamlined IFZA Incorporation Process involves 5 steps:
STEP 1: CONSULTATION & PROPOSAL to establish the type of license, business activities, visa package, and office solutions.
STEP 2: Submission of DOCUMENTATION, including the License Application Form.
STEP 3: Registering submitted documents for PROCESSING. Once approved, the Authority will issue E-legal forms, to be signed prior to issuance of incorporation documents.
STEP 4: LICENSE APPROVAL & ISSUANCE. A soft copy of the Business License will be sent through email, with the printed License available for collection from the IFZA Office upon request
STEP 5: The IFZA team will provide CONTINUING CLIENT SUPPORT, if required, in terms of visa processing, office solutions, license upgrades or downgrades, license amendments, and license renewals.
On average, incorporating a business at IFZA takes anywhere from 4 to 5 business days, excluding the time required for third-party processes that include security verification, external approvals, and others. After company formation, the new businesses may now proceed with visa application processes for its shareholders and employees.
4. What is the procedure for a family visa?
UAE residency visas are available for shareholders and employees of IFZA-incorporated companies, with each visa valid for 3 years. The shareholders and employees may, in turn, sponsor their family members and dependents directly with the General Directorate of Residency & Foreigners Affairs.
5. How many employees can I hire in my free zone company?
Each IFZA Business License can accommodate a flexible number of employee visas, subject to approval by relevant UAE Authorities. This allows our Free Zone companies to scale their business size up or down at any time, in response to market conditions.
6. Is there a minimum capital requirement for company formation in IFZA?
One of the advantages that businesses enjoy when they incorporate at IFZA Dubai is that there is no minimum paid-up share capital requirement, which helps ease the financial burden of a startup venture. This is over and above the additional benefits of having 100% ownership, and 100% repatriation of capital and profits.
7. What type of business licenses does IFZA provide?
IFZA Dubai offers license options and business activities that are designed to effectively serve a wide number of requirements, whether you’re a small local venture or a large international business.
IFZA Free Zone Business Licenses are available through the incorporation of FZCOs or the registration of branch offices that enjoy the full benefits of the safe and business-friendly legal framework that IFZA Dubai provides.
8. What facilities are provided by IFZA?
IFZA exists to attract international investors to Dubai, to contribute to its economic prosperity, to optimize the benefits of its business-friendly environment, and to serve the wider community of the UAE.
As part of that commitment, we are more than a Free Zone. We want to create a community where people and business are motivated to create and inspired to succeed.
Beyond company formation, IFZA Dubai also offers a range of modern office solutions that are tailored to create the right environment for business, regardless of their stage of growth.
Our range of office solutions includes flexi desks, shared workstations, private workstations, private offices to personalized offices that are complemented by a menu of business services and facilities that makes IFZA the perfect location in Dubai.
IFZA also sets itself apart as a hub of knowledge through the IFZA Academy, the first and currently the only dedicated learning institution in the Free Zone sector.
Committed to the training of free zone industry specialists, the IFZA Academy provides consultancy, human capital development, and a diverse range of specialized training and assessment solutions.
This information has been provided by – IFZA