Setting up a Business in International Free Zone Authority
International Free Zone Authority (IFZA) Fujairah based free zone offering business setup opportunity to logistic and trading companies in an environment-friendly and futuristic atmosphere.
Proximity to three ports
Environment friendly and futuristic atmosphere
Proximity to International Airport
Low cost company formation
Key Benefits 1000 business activities, including Consultancy, Service, Trading and Industrial Cost-effective company incorporation in the UAE
LLC License
100% exemption from corporate and income taxes
Key Benefits 100% foreign Ownership
Minimal record keeping and reporting requirements
Most flexible free zone allowing license upgrades and downgrades
Company Incorporation does not require physical presence of the business owners
Key Benefits 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
Key Benefits Prime location – Proximity to three ports and one International airport Various visa and non-visa packages to choose from
Environment friendly structures and facilities
Facilities Offered Offices IFZA offers state of the art office solutions as per the unique needs of a business. Depending upon your requirements of office space, you have an option to go for shared office space, private and executive offices. All offices have a European design. The interior is modern, allowing ample natural light, flexible usage, and rental options, and 24Ă—7 access.
Warehouses For logistics-related necessities, IFZA provides warehousing facilities with various size options, flexible rental duration, and 24Ă—7 access.
Residential Apartments IFZA recognizes the need for proximity between the residence and the place of work. Accordingly, it offers state of the art residential apartments with European style modern interiors.
Hotel World-class 5-star hotel brand with rooms and suites, business center, 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 24Ă—7 security.
License Options IFZA offers various license options to choose from depending upon the nature and size of your business
Consultancy License
General Trading License
Consultancy License is most suitable for the professionals who provide their expert professional consulting services.
General Trading License provides a businessman an ability to trade in a wide range of activities and commodities which are permitted within the UAE
Service License
Industrial License
Service License is intended for service providers who are engaged in the business of production, re-production, transformation, and distribution services.
Industrial License is intended for the industrialists who want to import raw materials and engage in the production, re-production, manufacturing, and packaging of the products for export purposes.
Trading License
Holding License
Trading license is best suited to businesses intending to import, export, distribute, and stock items specified in the license.
Holding License is intended for someone who wants to control other companies & entities, property & real estate, stock, assets, trademarks, and patents by way of holding standalone assets and/or shares in other companies.
Frequently Asked Questions How long would it take to obtain a business license in an International Free Zone? It usually takes 4-5 working days to obtain a business license after submitting the application and required documents.
When can I open my bank account? A bank account can be opened for your business with a bank of your choice in the UAE any time after incorporating your International Free Zone Authority company.
Is there a requirement of having a local sponsor for setting up company in IFZA? An IFZA company can enjoy the benefit of having 100% foreign ownership. In view of this, one can incorporate a company without having a local sponsor.
Frequently Asked Questions Do I need a physical office to setup a company with IFZA? No, you don’t need a physical office space to setup a company with IFZA.
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.
Whether the income made from an IFZA Company is taxable? No. An IFZA company is exempt from Income and Corporate taxes.
608, Mankhool Building, Khalid Bin Walid Street, Bur Dubai, P.O. Box: 13742 Dubai, United Arab Emirates enquiries@nrdoshi.ae +971 50 6591233 +971 4 352 8001