International Free Zone Authority (IFZA)
International Free Zone Authority (IFZA) is a freezone located in the heart of Dubai. It has developed into a prominent investment centre offering several advantages to investors. The freezone has been active and aided in the further growth of the UAE economy. The IFZA Freezone provides seamless access to a vibrant business environment.
In the United Arab Emirates, the International Free Zone Authority (IFZA) is becoming a major investment destination. This makes IFZA Dubai a preferred option for setting up a free zone corporation for investors.
IFZA Business Setup Activity List
IFZA offers a wide variety of business activities. One license may contain up to seven different activities, and it is possible to combine activities from many categories. The activities offered include:
- Management Consulting
- Service
- Trading
It is important to note that E-commerce is not a different activity in IFZA, but you can sell things online using a regular trade license.
Licenses Available for IFZA Free Zone Companies
There are many license categories for Free Zone Company Setup that IFZA issues. They include:
- Consulting License: The business can offer knowledgeable and competent consulting services under this license.
- Service License: The service license permits caters to the needs of service industries such as utility maintenance, house keeping, services etc.
- General Trading license: A general trading license in UAE enables a business to offer to trade, buy, and sell goods.
- Industrial License: An industrial license enables holders to import raw materials, produce, duplicate, manufacture, package, and export.
- Holding License: This license permits the possession of independent property and stock in other corporations.
- Trading License: You can do import and export and other trading activities with this.
Benefits of Business Setup in IFZA
It provides several benefits for entrepreneurs to get IFZA Business License.
IFZA has simple processes and minimal criteria.
It has the most affordable solution for company setup in the UAE.
Availability of various commercial, service, and trade operations.
No need for a physical presence to start a business.
Complete foreign ownership
No minimum paid-up capital demand.
The availability of various visa and non-visa packages.
A single IFZA License allows the integration of professional, commercial, and industrial activities.
IFZA Company Setup Process
You can choose and proceed with the business activities you want. Also, select the structure of your business.
Select three names for your business, out of which you can finalize one. Your company's name should be unique. Likewise, there are other rules and regulations in naming your business as defined by the Free zone authority.
We must submit all the details and the application form with the necessary documents to the free zone authority.
If your business needs any, get the necessary authorizations and approvals from the relevant authorities.
Make the payment towards IFZA Free zone license cost and get your license after authority successfully completes the necessary due diligence. You can start your business operations once you receive your license.
Open a corporate bank account in UAE for easier business transactions.
Documents Required for Business Setup in IFZA
- Identity Proof (Copy of Passport)
- Address Proof (Latest Bank Statement or Utility bills)
- Visa /Entry permit Copy (UAE Residents)
- Director/Shareholder passport photos
- Additional documents depending upon business activity
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
If you are an entrepreneur planning to set up a company in the IFZA Freezone. It may initially be challenging to continue alone on an uncharted route. That is where Gryffin Capitalist comes into the picture since we are familiar with the legal procedures.
Gryffin Capitalist offers specialized assistance with company formation. We have assisted several businesses in setting up businesses in the UAE freezone. Our knowledgeable business professionals take the necessary measures to comprehend your company's demands and provide services that meet those needs. Contact us for further queries.
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Yes, IFZA provides a more straightforward business setup process and encourages business owners to set up their companies.
Yes, you can start a trading business after obtaining a business license.
You have to register the company, after which you can apply to open a bank account.
You can open a company in six to eight business days.
You can have up to Seven activities.
