The International Freezone Authority (IFZA) is a renowned free zone in the United Arab Emirates (UAE) known for its attractive features and advantages for businesses. IFZA offers a business-friendly environment with a progressive regulatory framework, making it an ideal destination for global enterprises. Key features include a diverse range of business activities, flexible company structures, and modern infrastructure.
Companies in IFZA benefit from 100% foreign ownership, no currency restrictions, and full repatriation of profits and capital. The free zone’s strategic location and connectivity contribute to its appeal, providing businesses with access to regional and international markets. IFZA’s commitment to innovation, efficiency, and streamlined processes positions it as a preferred choice for entrepreneurs and corporations seeking growth and success in the dynamic business landscape of the UAE.
Unique Features of IFZA
- IFZA offers a variety of business activities to choose from, allowing businesses and entrepreneurs flexibility with different business models
- IFZA offers different legal company structures such as Free Zone Company (FZCO), Branch of a Foreign Company, and Branch of a UAE Company
- IFZA provides additional benefits to its partners such as IFZA Academy, IFZA Cares, IFZA Elite, IFZA Events, IFZA Life, IFZA Offshore and IFZA Property
- IFZA offers modern offices, warehouses and logistics facilities enabling businesses from different industries to operate and grow in the zone
Types of licenses available in IFZA
IFZA offers six types of licenses:
- Commercial License
- Professional License
- Branch Office
- General Trading License
Benefits of setting up a business in IFZA
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- World-class infrastructure and facilities
- Access to a network of business support services
- Cheapest, quickest and easiest company formation
- Physical presence of shareholder is not required
- Ability to incorporate holding companies
- Access to private offices, individual desks, and specialised office suites
- No paid-up capital is needed
The process of setting up a company in IFZA mainly includes:
- Choose a company name and structure
- Obtain initial approval from the authority
- Obtain commercial registration (CR)
- Obtain additional licenses (if applicable)
- Open a corporate bank account
- Comply with tax regulations
For Individual shareholder, the requirements include:
- Passport copy
- Passport-size photograph
- Copies of the Emirates ID and residence visa (if the shareholder is a UAE resident)
For corporate shareholders, the requirements include:
- Notarised and attested board resolution
- Memorandum of Association (MoA)
- Articles of Association (AoA) of the corporate shareholder
- Valid trade license
- Certificate of incorporation
- Copies of the passport, photo, and emirates ID of the shareholders (if the shareholder is a UAE resident)
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- World-class infrastructure and facilities
- Access to a network of business support services
- Cheapest, quickest and easiest company formation
- Physical presence of shareholder is not required
- Ability to incorporate holding companies
- Access to private offices, individual desks, and specialised office suites
- No paid-up capital is needed
No, you do not need a local partner to set up a company in IFZA. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in IFZA, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in IFZA can take an average of 3-4 weeks. Empower your business success in IFZA with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
IFZA has several regulations that businesses must comply with. These regulations cover areas such as taxation, labor law, and environmental protection. Unleash the potential of your business in IFZA with Gatestone Group’s comprehensive company formation and post-incorporation services via [email protected] or call +971 4 450 1023.
The penalties for non-compliance with IFZA regulations can be severe, including fines and imprisonment. To ensure your company is compliant with IFZA regulations, contact the legal advisors at Gatestone Group via [email protected] or call +971 4 450 1023.
There is no paid-up capital requirement to form a company in IFZA. This means that you do not need to deposit any money into a company bank account before you can start operating. This is a major advantage of doing business in IFZA, as it makes it easier for businesses to get started and save on initial costs. Contact Gatestone Group for more information via [email protected] or call +971 4 451 1023.