Looking to start a business in Dubai? Look no further than IFZA – Dubai Free Zone, the newest business hub at Dubai Silicon Oasis. Within a short period, IFZA Free Zone Company Formation has become a famous option among foreign investors from across the world, thanks to its appealing company formation packages.
IFZA – Dubai Free Zone offers 3-year and 5-year IFZA Dubai license packages, making it a flexible and affordable choice for businesses of all sizes. Plus, with contemporary and high-tech corporate offices and storehouse spaces for rent, IFZA UAE Free Zone provides everything you need to run your business smoothly.
Not only is IFZA UAE Free Zone affordable, but it also offers a range of facilities for Company Formation in IFZA, including spacious conference rooms, cutting-edge digital equipment, and good connectivity. Additionally, investors can enjoy high discounts on business licenses in IFZA, making it an even more attractive option.
At IFZA – Dubai Free Zone, we are committed to making the company registration process as smooth and easy as possible. So if you’re curious about starting a company in Dubai, we highly suggest IFZA free zone company setup.
Why Choose IFZA Free Zone Company Formation Dubai Over Other Free Zones?
1. Affordable and flexible company setup packages
One of the main advantages of IFZA Dubai is its affordable and flexible company setup packages. IFZA UAE Free Zone offers 3-year and 5-year IFZA Dubai license packages, making it a flexible and cost-effective choice for businesses of all sizes. In addition, IFZA free zone license cost is one of the lowest among all free zones in Dubai, making it a highly attractive option for investors.
2. Wide range of business activities
IFZA – Dubai Free Zone presents a broad array of business activities, making it a versatile choice for entrepreneurs from various industries. Whether you’re in manufacturing, trading, services, or consulting, IFZA Dubai has something to offer. Plus, with its modern and high-tech corporate offices and storage spaces, IFZA UAE Free Zone provides everything you need to run your business smoothly.
3. 100% foreign ownership
Another advantage of IFZA Dubai is that it permits 100% foreign ownership. This means that investors from all over the world can set up their businesses in Dubai without the need for a local partner. This is a considerable benefit, as it gives investors full control over their business operations.
4. No personal income tax and currency restrictions
IFZA Dubai also offers the advantage of no personal income tax and no currency constraints. This makes it easier for investors to manage their finances and grow their businesses without having to worry about currency exchange rates or taxation.
5. Modern infrastructure and facilities
IFZA – Dubai Free Zone has modern and high-tech infrastructure and facilities that are on par with the best in the world. It offers various facilities for Company Formation in IFZA, comprising huge gathering rooms, digital equipment, high-speed internet connectivity, and more. Additionally, IFZA UAE Free Zone provides a range of services and amenities for businesses, such as banking facilities, insurance services, logistics support, and more.
6. The efficient company registration process
The process of IFZA free zone company formation is fast and efficient. With the help of experienced professionals, investors can complete the company registration process within a matter of days. This means that entrepreneurs can begin their business operations quickly and without any hassle.
7. Excellent location
IFZA Dubai is located at Dubai Silicon Oasis, one of the most prominent business hubs in the UAE. This location provides easy access to major highways and airports, making it easy to connect with the rest of the world. Additionally, Dubai Silicon Oasis offers a wide range of amenities, including restaurants, cafes, retail stores, and more.
Types of Licenses for IFZA Free Zone Company Formation
1. Commercial license
A commercial license is needed for businesses that engage in trading activities, such as buying and selling goods. This license allows businesses to import and export goods, as well as carry out trading activities within the UAE and internationally.
2. Service license
A service license is required for businesses that provide services, such as consultancy, marketing, and management services. This license allows businesses to provide services within the UAE and internationally.
3. Industrial license
An industrial license is needed for businesses that engage in manufacturing or industrial activities, such as production, assembly, and packaging. This license allows businesses to import and export raw materials, as well as carry out manufacturing activities within the UAE and internationally.
4. Freelance permit
IFZA Dubai free zone also offers a freelance permit for individuals who wish to work as freelancers in the UAE. This permit allows individuals to work as independent contractors and provide services to clients within the UAE and internationally.
5. E-commerce license
An e-commerce license is required for businesses that engage in online sales activities, such as e-commerce websites and online marketplaces. This license allows businesses to carry out online sales activities within the UAE and internationally.
6. General trading license
A general trading license is required for businesses that engage in a variety of trading activities, such as buying and selling different types of goods. This license allows businesses to import and export different types of goods, as well as carry out trading activities within the UAE and internationally.
Steps for IFZA Free Zone Company Formation
The process for IFZA free zone company formation is clear and can be done within a few days with the help of experienced professionals. Here are the steps involved in the IFZA free zone company formation process –
1. Choose a company name
The first step in the IFZA free zone company formation process is to choose a company name. The name must be unique and should not be identical or similar to any other existing company in the UAE. Once you have selected a name, you can proceed to the next step.
2. Decide on the business activity
Next, you need to decide on the business activity you want to carry out. IFZA – Dubai Free Zone offers a wide range of business activities to choose from, so you can select the one that best suits your business requirements.
3. Choose a company type
There are several company types to choose from when setting up a business in IFZA Dubai. You can opt for a Free Zone Establishment (FZE), a Free Zone Company (FZC), or a branch of a foreign company.
4. Prepare the documents
After deciding on the business activity and company type, you need to prepare the necessary documents for IFZA free zone company formation. These documents typically include a copy of your passport, proof of address, business plan, and other relevant documents.
5. Obtain the initial approval
Once the documents are ready, you need to submit them to the IFZA Dubai authorities for initial approval. If the papers are sanctioned, you will receive an initial approval within a few days.
6. Obtain the trade license
After receiving the initial approval, you can proceed to obtain the trade license. IFZA – Dubai Free Zone offers 3-year and 5-year IFZA Dubai license packages, so you can select the one that best suits your business requirements.
7. Sign the lease agreement
Next, you need to sign the lease agreement for your office or warehouse space. IFZA – Dubai Free Zone offers modern and high-tech corporate offices and storage spaces for rent at Dubai Silicon Oasis.
8. Get the final approval
Once the lease agreement is signed, you need to submit it to the IFZA Dubai authorities for final approval. If everything is fine, you will get the final approval within a few days.
9. Register with other authorities
After obtaining the final approval, you need to register with other authorities, such as the Dubai Chamber of Commerce and Industry, the Ministry of Labor, and the Department of Economic Development.
10. Obtain visas
Finally, you can apply for visas for yourself and your employees. IFZA Dubai offers a range of visa options, including employment visas, investor visas, and dependent visas.
Cost of IFZA Free Zone License in 2023
The cost of an IFZA free zone license in Dubai varies relying on the duration of the license and the type of business activity. The cost includes various factors such as government fees, registration charges, and other associated costs. Here is a breakdown of the IFZA free zone license cost for different durations:
1. 1-year business license package with 1 investor visa: The cost can range from AED 17,900 to AED 27,900.
2. 3-year business license package: The cost can range from AED 43,700 to AED 65,000.
3. 5-year business license package: The cost can range from AED 62,500 to AED 85,300.
It is essential to mention that these costs include the cost of the business licenses. Additionally, the cost of the IFZA free zone license covers various benefits and services. Moreover, IFZA Dubai free zone offers a range of business setup packages that include additional services like visa processing, bank account opening, and assistance with government approvals.
Start IFZA Free Zone Company Formation
If you’re considering IFZA free zone company formation and obtaining a business license, the registration process is made easy through their official website. However, if you need assistance, the team of expert business consultants at Start Any Business UAE is here to help.
Our team will guide you through the registration process and assist with the paperwork required to obtain your business license in IFZA at a competitive rate. To get started, simply connect with us over the phone, share your requirements, and we’ll handle the rest.
Our experienced consultants are knowledgeable about the registration process and can offer valuable insights into the various business setup packages available at IFZA Dubai free zone. We also offer additional services such as visa processing and bank account opening to help streamline your business setup process.
