Business setup in International Free Zone Authority (IFZA)

Business Setup

Business setup in International Free Zone Authority (IFZA)

The International Free Zone Authority (IFZA) offers a flexible setting for establishing your business in the UAE, boasting a wide array of business packages ranging from zero visa companies to options for multiple visas. With its cost-effective fee structures, IFZA stands as one of the most coveted free zones in the UAE.
If you're considering launching your business in IFZA, Jumeira is at your service. Our team of experienced business consultants has guided numerous entities through the process of establishing their businesses across various free zones in the country.

Benefits of setting up Business in IFZA

  • Affordability: Setting up a company in IFZA is budget-friendly thanks to their competitive business setup prices. This allows you to focus your resources on growing your business. 
  • Location Advantage: IFZA’s strategic location in Dubai provides excellent access to regional and global markets, ideal for businesses seeking international expansion. 
  • Virtual Flexibility: IFZA allows you to establish a virtual office, reducing initial overhead costs. 
  • Minimal Capital Requirements: Unlike some other regions, IFZA doesn’t require a paid-up share capital, making it easier to get your business off the ground. 
  • Diverse Business Opportunities: IFZA caters to a wide range of business activities, so you can find the perfect fit for your industry. 
  • Simplified Visa Process: Obtain a visa and establishment card with a three-year validity to streamline your business operations and attract skilled talent. 
  • UAE Resident Friendly: Existing UAE visa holders can easily set up a company in IFZA without the need for a No Objection Certificate (NOC) from their current employer.

Types of IFZA licenses

  • Consultancy License: Ideal for professionals offering expert advice across various fields. This license allows you to establish your consultancy firm within IFZA.
  • Service License: Geared towards businesses that produce, distribute, or transform services. This license provides the flexibility to engage in a wide range of service-based activities.
  • Trading License: This license is the foundation for import, export, storage, and distribution of goods. It caters to businesses involved in trading activities within the UAE.
  • General Trading License: Take your trading activities a step further with this license. It grants permission to trade in a broader spectrum of products permitted within the UAE.
  • Industrial License: For businesses aiming to manufacture, process, and export products, the industrial license is the perfect fit. This license allows you to import raw materials and establish your production facility within IFZA.
  • Holding License: This unique license grants the ability to hold assets or shares in other companies, making it ideal for investment purposes or establishing a holding company structure.

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A Step-by-Step Guide on setting up business in IFZA

Setting up your company at IFZA is a straightforward process designed for efficiency. Here’s a breakdown of the key steps:

  1. Application and Documentation:
  • Submit a completed license application along with the required documents. The specific documents will vary depending on your residency status (resident, corporate shareholder, or non-resident).
  1. Legal Documents and MOA/AOA:
  • Upon application submission, you’ll receive legal documents for electronic signature. IFZA will also provide pre-filled Memorandum of Association (MOA) and Articles of Association (AOA) for your review.
  1. Approval and Completion:
  • Once everything is finalized, you’ll receive a soft copy of your Trade License and Certificate of Formation. The original incorporation pack will be available for pickup at the IFZA office.
  1. Incorporation Documents:
  • After successful company incorporation, you’ll receive a comprehensive set of documents, including: 
  • Trade License
  • Certificate of Incorporation
  • Share Certificate
  • Memorandum of Association
  • Articles of Association
  1. Choosing Your Ideal Workspace (Optional):
  • IFZA offers a variety of modern office solutions to suit your needs. Explore options ranging from individual desks and private spaces to fully-equipped executive suites.

Jumeira: Simplifying Your Journey to IFZA Success

Don’t let navigating the IFZA setup process become a hurdle for your entrepreneurial ambitions. Jumeira Consultants is here to be your trusted partner, ensuring a smooth and efficient launch for your business.

We understand the complexities involved in establishing a company in the UAE. Our team of experienced consultants possesses the expertise to guide you through every step of the IFZA setup process, from selecting the most suitable license to obtaining the necessary documents.

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