Business Setup in IFZA | Company Setup in IFZA

Business Setup in IFZA

Fujairah is one of the seven emirates in the United Arab Emirates, and it’s a commercial hub having iconic high-rise buildings and beautiful mountains. International Free Zone Authority (IFZA) is a Fujairah-based free zone significantly offering business setup opportunities to logistic and trading companies in an environment-friendly and futuristic atmosphere. Because of the strategic location of IFZA’s, delivery is easy to businesses. There are three thriving ports as well as an international airport in Fujairah. IFZA Free Zone offers several benefits to entrepreneurs who significantly wish to form a company in the vibrant economy of the UAE

Business Setup in IFZA Free Zone: Benefits

International Free Zone Authority in Fujairah significantly offers economical business setup solutions with streamlined processes enabling a hassle-free company formation. IFZA Free Zone also provides a highly customized solution to choose from over 1000 activities across 108 sectors to match the type of business a person wants to go to for a business setup in IFZA Free Zone.

IFZA Free Zone has an excellent customer-friendly service team that assists in every step of business setup in IFZA Free Zone and management. Further, it is highly beneficial for foreign nationals to set up a limited liability company in IFZA, allowing 100% foreign ownership. Not only that, it is possible to form a company without even entering the UAE as the physical presence is not required during the company formation process in IFZA Free Zone.

Businesses operating from IFZA Free Zone are 100% exempted from corporate as well as income tax. This makes forming as well as running a company from IFZA a highly tax-efficient decision. Therefore are no restrictions on foreign currency transactions, and the profits and capital of the IFZA Offshore Company are fully repatriable.

IFZA Free Zone offers a very low-cost solution as businesses operating out of IFZA need not have a physical office. Further, there’s no minimum share capital requirement, making it very attractive from the stakeholder’s point of view. Furthermore, one also has the freedom to incorporate holding companies.

Business Setup in IFZA Company Setup in IFZA: Key Benefits

  • 1000 business activities, including Consultancy, Service, Trading, as well as Industrial
  • Cost-effective company incorporation in the UAE
  • LLC License
  • 100% exemption from corporate as well as income taxes
  • 100% foreign Ownership
  • Minimal record keeping as well as reporting requirements
  • Most flexible free zone allowing license upgrades and downgrades
  • Company Incorporation does not require the physical presence of the business owners
  • Fully repatriable company profits and capital
  • There’s no physical office requirement or minimum share capital requirement.
  • Holding companies can also be incorporated.
  • There’s no restriction on foreign currency transactions
  • Prime location – Proximity to three ports as well as one International airport
  • Various visa and non-visa packages to choose from
  • Lastly, environment-friendly structures and facilities

Facilities Offered

Offices

IFZA Free Zone offers state-of-the-art office solutions per a business’s unique needs. Depending upon your requirements for office space, you have an option to go for shared office space as well as private and executive offices. Moreover, all offices have a European design. The interior is also modern, allowing ample natural light, flexible usage, rental options, and 24×7 access.

Warehouses

IFZA provides warehousing facilities with various size options, flexible rental duration, and 24×7 access for logistics-related necessities.

Residential Apartments

IFZA recognizes the need for proximity between the residence and the place of work. Accordingly, it offers modern residential apartments with European-style modern interiors.

Hotel

A world-class 5-star hotel brand with rooms as well as suites, a business center, an international restaurant, gym, pool, and spa is present in the free zone.

Retail Shops

You can choose amongst a wide range of rental options having large storefronts, easy access, high-quality common areas, and 24×7 security.

License Options

IFZA offers various license options to choose from depending upon the nature and size of your business

Consultancy License

A consultancy License is most suitable for the professionals who provide their expert professional consulting services.

Service License

A service License is intended for service providers engaged in the business of production, re-production, transformation, as well as distribution services.

Trading License

A trading license is best suited to businesses intending to import, export, distribute, as well as stock items specified in the license.

General Trading License

General Trading License allows a business person to trade in a wide range of activities as well as commodities permitted within the UAE.

Industrial License

Industrial License is intended for the industrialists who want to import raw materials. It is also intended when industrialists engage in the production, re-production, manufacturing, and packaging of the products for export purposes.

Holding License

Holding License is intended for someone who wants to control other companies & entities, property & real estate, stock, assets, trademarks, and patents by holding standalone assets and/or shares in other companies.

Company Setup in IFZA: FAQs

1. How long would it certainly take to obtain a business license in an International Free Zone?
After submitting the application and required documents, it usually takes 4-5 working days to obtain a business license.

2. When can I open my bank account?
A bank account in particular can be opened for your business with a bank of your choice in the UAE after incorporating your International Free Zone Authority company.

3. Is there a requirement of having a local sponsor for setting up a company in IFZA?
An IFZA company can enjoy the benefit of having 100% foreign ownership. Hence, one can incorporate a company without having a local sponsor.

4. Do I need a physical office to set up a company with IFZA?
No, you don’t need a physical office space for company setup in IFZA.

5. If I have a trading license, can I trade in all items?
Yes, you can trade all items as far as those items are specified in the license.

6. Is the income generated through an IFZA Company taxable?
No. An IFZA company is exempt from Income and Corporate taxes.

N R Doshi & Partners is specialized in providing business setup services in the UAE. From starting a business to incorporating a company, we provide the best advisory services to help you achieve your goals.

We have a team of dedicated company incorporation professionals who will process your application quickly where as can also maintain complete confidentiality. We also offer accounting, auditing, and management consultancy services to help you succeed every step of the way.

Start typing to search

Shopping Cart
Translate »