International Free Zone Authority, frequently known as IFZA, is one of the most famous free zones in the UAE. It is without a doubt a leading investment hub in the country that has developed over time.

IFZA takes a high positioning in the rundown of the most alluring free zones in the UAE. This is on the grounds that it isn’t just situated in perhaps of the most sought-after objective in the nation yet it is additionally profoundly cost-proficient. The purview is decisively found, being just 20 minutes from Dubai Global Air terminal and Downtown Dubai.

The Dubai Silicon Oasis Authority oversees the jurisdiction. Additionally, the free zone offers various IFZA free zone packages for business owners. There are a lot of advantages to these packages, and they are also very affordable. When starting a business, entrepreneurs can choose from flexi-desk or office spaces through IFZA.

Additionally, the free zone constantly provides entrepreneurs with growth and expansion opportunities. For instance, it offers numerous packages with numerous advantages. The package that provided the investor with an IFZA lifetime visa is one such example. Additionally, numerous budget-friendly Ifza visa packages are available. Additionally, IFZA visa costs are among the lowest in the UAE.

Over time, IFZA has established itself as Dubai’s most cost-effective free zone. The free zone’s potential for expansion and opportunities for entrepreneurs are endless with additional plans in the works.

The following are the steps you need to take to establish your business in Dubai International Free Zone Authority:

• Decide on the best business structure
• Apply for business registration
• Submission of all required documents
• Pay the required license fee
• Issuance of e-agreement from IFZA
• Sign e-agreement and share capital letter (only applicable for FZE & FZCO)
• Issuance of e-license

The required documents for setting up a company are as follows:

• Complete application form
• Passport copy of owner/owners
• Visa copy
• Emirates ID copy
• Two coloured passport sized photographs with white background

Advantages of IFZA company setup

Some of the advantages of business setup in IFZA include the following:

• 100% foreign ownership
• No personal, income, or corporate taxes
• Full repatriation of capital and profits
• Strategic location boosting opportunities
• No paid-up share capital required
• Wide range of business activities
• Simple and quick set up process
• World-class infrastructures
• Leasing options
• Global connectivity
• Exemption from all import and export duties; however, you can’t import into mainland

Unique features about IFZA business setup

One of the few free zones in the UAE that stands out for its distinctive advantages and investment opportunities is IFZA. These include:

• The IFZA authorities do not require the investor to submit an annual audit report.
• The jurisdiction provides owners and employees with visas for up to three years.
• The free zone does not require an employee guarantee deposit.
• The physical presence of the investor is not required for company formation.

Licenses offered in IFZA Dubai

The establishment of a business in IFZA comes with a number of advantages, as previously stated. Furthermore, one of the significant benefits is that IFZA permits up to 7 exercises under one permit. The following licenses have been granted by the jurisdiction:

• Consultancy license
• General license
• Service license
• Trading license
• Industrial license
• Holding license

One of the few free zones in the United Arab Emirates that permits activities from different categories to be combined is the IFZA. E-commerce is also not considered a separate activity by this policy. However, an IFZA general trading license is still required to sell goods on online platforms.

International Free Zone License

The cost of an IFZA license is also very affordable. In IFZA, the cost of starting a business starts at AED 13,900. These packages start at nothing and go all the way up to six visa packages. The Dubai Department of Economic Development (DED) is responsible for all business activities permitted within IFZA.

IFZA Visa

The cost of an IFZA visa starts at AED 3750. In addition, the free zone is constantly offering discounts and more competitive pricing to investors who want to start a business in IFZA.

License renewal in International Free Zone Authority

Businesses operating in an IFZA-free zone can easily and economically renew their licenses.You will need to pay the renewal fee and send in the signed lease agreement for your facility to complete the renewal process for your business. Without having to be physically present in the UAE, you can renew your license through an agent.

Business liquidation in IFZA free zone

Company liquidation, like renewal, does not require the owner’s physical presence and can be carried out through an agent. To complete the liquidation process, you will be required to pay a fee to the government. At license liquidation, investors will be required to submit a comprehensive audit report.

The following steps must be completed before a company can be liquidated:

• Cancellation of visas
• Termination of lease agreement
• Closure of bank account

To figure out additional about different choices accessible to set up IFZA organization, contact AceTax — one of the most mind-blowing business arrangement organizations in Dubai.

Contact our knowledgeable consultants at +971 553 810 715 or send a WhatsApp message to +91-9899795588 to get started on your business journey and learn more. You can also send an email to info@acetaxuae.com to get answers to your questions quickly.