Your Ultimate Free Zone Guide: International Free Zone Authority (IFZA)

International Free Zone Authority (IFZA) was established by Dubai Silicon Oasis in August 2018 in Fujairah and moved to Dubai in August 2020. Ever since, this freezone is becoming one of the prominent investment hubs in the UAE due to its tax benefits, lucrative packages and international service standards. It is known to be the cheapest freezone for company formation in Dubai. IFZA offers customized packages to serve the needs of any entrepreneur looking forward to competitive prices in company incorporation.

Benefits of Setting Up Your Company in International Free Zone Authority

Fast and remote company registration and licensing processes
Cost-effective packages
World-class infrastructure
No currency restrictions and limited liabilities
No minimum capital requirement
0% personal income tax
The physical presence of shareholders not mandatory for company formation
Flexible residency visa packages for shareholders and employees
Has the option to operate outside the UAE.
Enjoy 100% ownership.
100% repatriation of profits and capital.
Export and Import Duties Exemption
Multiple options of trading activities and services
Offers up to six activities under a single license.
Easy bank account opening process
Exceptional support from the UAE government
Physical office space not mandatory
Flexible options such as desks, office suites, warehouses, and private offices

International Free Zone Authority (IFZA) Business Setup Process

Contact CORPIN’s expert consultants.
Schedule a call to get guidance on the International Free Zone Authority company formation package, license cost and visa process.
Select the right business activity and reserve the trade name for your business.
Choose the appropriate office facility for your business such as flexi-office, shared office, or private office.
Submit the relevant documents for the application and review process.
Make the Payment.
You will be issued your IFZA Dubai License within 10 working days.
Receive your company license and apply for residence visa.
Apply for bank account opening and obtain other necessary clearances.

Documents Required

A high-resolution passport copies of each shareholder.
The most recent UAE visa or UAE entry stamp of each shareholder.
Emirates ID copy.
A passport-size photo of each shareholder with white background.

Steps for obtaining a UAE Residency Visa Through an IFZA Company

After submitting the application to IFZA Dubai, a UAE e-visa will be sent to you within 4 to 5 working days.

After obtaining your business license in International Free Zone Authority you can apply for the establishment card of your company within 5-7 days.
Submit the application form to IFZA.
Make the fee payment.
Receive visa confirmation.
Go for a medical check-up (within 2-3 working days).
Take the medical check-up.
Apply for your Emirates ID.
Perform the Emirates biometric scanning process.
Obtain your Emirates ID and Visa in around 9-10 days.

List of Licenses provided by IFZA

Commercial License – Ideal for exporting, importing, distributing, and storage of products.
Industrial License – Suitable for manufacturing goods in the country.
Professional License – Appropriate for care service providers, healthcare institutions, security services providers, etc.
Consultancy License – Perfect for consultancy businesses with experience and expertise in the specific field.
Service License – Suitable for development, production, and distribution of services and products in the UAE.
General Trading License – Ideal for trading and service activities.

If you are planning to establish a company in IFZA, you can avail the professional expertise of CORPIN. We are a one-stop solution provider for all your new business setup requirements in UAE.