IFZA Free Zone License : Cost, Registration & Documents Required

International Free Zone Authority (IFZA)

Originally established in Fujairah, the International Free Zone Authority (IFZA) has now relocated to the Dubai Silicon Oasis area. When considering starting a business in Dubai, exploring IFZA and similar zones within the emirate is highly advisable. IFZA stands out as a competitive free zone for establishing businesses and Dubai free zone companies, offering cost-effective fees and transparent procedures for investors. International Free Zone Authority (IFZA) in Dubai,is a premier destination for investors and entrepreneurs. Situated in the heart of the United Arab Emirates, IFZA stands out as a top investment hub. This dynamic zone, in collaboration with the Dubai Silicon Oasis Authority, offers tailor-made company formation packages, perfectly suited for the ambitious entrepreneur. IFZA, understands the diverse needs of business investors. That’s why they present a range of attractive company license packages, catering to various business requirements. Starting your business journey in IFZA is not only cost-effective but also a smart choice.

The cost of an International Free Zone Authority (IFZA) license in Dubai varies based on the type of license and the number of visas required. Here's a breakdown:

• 0 Visa - 1 or More Shareholders: This license is ideal for business owners who already hold a UAE residence visa or do not require a visa. The cost starts at AED 11,500. This option is also suitable for those who don't need a bank account in Dubai.
• 1 Visa - 1 or More Shareholders: For those who require a bank account in Dubai but do not yet have a UAE residence visa, this license is available at AED 23,150. It offers a cost-effective solution for entrepreneurs planning to establish a physical presence in Dubai.
• 1-Year Business License Package with 0 Visas: This package starts at AED 13,900 and is perfect for businesses that operate without the need for visas. It's a flexible option for companies looking to establish themselves in the Dubai free zone environment without significant upfront costs.
• 3-Year IFZA Business License Package: For businesses looking for a long-term commitment, this package ranges from AED 43,700 to AED 65,000. It offers the advantage of stability and potentially reduced renewal costs over the three-year period.

But it’s not just about cost savings. IFZA is synonymous with excellence and opportunity. Here, entrepreneurs enjoy 100% foreign ownership and 100% profit repatriation. Our world-class infrastructure and a host of investor benefits make IFZA the go-to destination for those looking to make their mark in the business world.

What is an IFZA Freezone License?

The International Free Zone Authority (IFZA), located in Dubai, is one of the fastest-growing and most dynamic free zones in the UAE. It offers a variety of business setup options designed to attract entrepreneurs, startups, and established companies from around the world. An IFZA Freezone License is a business license issued by this authority, allowing companies to operate within the free zone under specific legal and economic conditions that are highly favorable for business growth.

Types of Licenses in IFZA Free Zone Dubai

IFZA offers a spectrum of licenses tailored to meet the unique needs of various enterprises, ensuring a smooth and successful company setup. Here’s an easy-to-understand guide to what each license entails:

1. Consultancy License: Ideal for companies offering expert advice and professional consultancy services. This license is a perfect fit for professionals who provide specialized knowledge.
2. ‍Service License: This license is designed for businesses involved in the production, re-production, transformation, and distribution of services. It’s a versatile option for service-oriented companies.
3. ‍Trading License: For businesses focused on trading specific items, the Trading License is the right choice. It allows companies to legally trade items listed on their trade license.
4. ‍General Trading License: Expanding on the regular Trading License, the General Trading License provides the freedom to trade a broader range of items. It’s ideal for businesses looking to diversify their trading activities.
5. ‍Industrial License: This license caters to companies involved in manufacturing. It covers activities like importing raw materials, production, re-production, manufacturing, packaging, and exporting products.
6. ‍Holding License: A unique option, the Holding License is tailored for businesses that want to hold standalone assets and/or shares in other companies. It’s a strategic choice for expanding your business portfolio.

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IFZA Freezone License Cost

The cost of an IFZA Free Zone license in Dubai starts from AED 12,900 for a zero-visa package, which includes registration and up to three business activities under a single license. As visa requirements increase, so does the price. Here’s a breakdown:

• Zero visa package: AED 12,900 (both initial and renewal costs)
• 1 visa package: AED 14,900
• 2 visa package: AED 16,900
• 3 visa package: AED 18,900
• 4 visa package: AED 20,900

Additional fees include:

• Establishment card: AED 2,000 for the first year, with AED 2,200 for renewal.
• Residence visa: AED 3,750 per applicant.
• Medical checkup: AED 450 for the regular process or AED 850 for VIP service.
• Emirates ID: AED 390 per application.

The IFZA registration process typically takes 3 to 5 business days and can be completed remotely, meaning shareholders don’t need to be physically present. Once a residence visa is obtained, sponsors can bring family members to Dubai under a dependent visa, provided all required documentation is presented​

Key Benefits of IFZA Freezone

• Cost-Effective Setup: Competitive pricing for licenses and visa packages, making it accessible for startups and SMEs.
• Flexible Licensing Options: Choose from various license packages based on your business needs and visa requirements.
• Strategic Location: IFZA is strategically located, offering easy access to major business hubs in Dubai.

Additional Considerations

• Office Space: Although the license cost is relatively low, consider the cost of renting office space if required.
• Support Services: IFZA provides comprehensive support services to assist with the setup process, including legal, financial, and administrative support.
• Tax Benefits: Enjoy significant tax advantages, including zero corporate and personal income taxes.

Why Choose IFZA for Your Business?

• Ease of Setup: Simplified and efficient process for obtaining licenses and visas.
• Business-Friendly Environment: Supportive policies and a thriving business community.
• Full Foreign Ownership: Benefit from 100% foreign ownership without the need for a local sponsor.
• Networking Opportunities: Access to a vibrant network of entrepreneurs and businesses.

How to Setup Business in IFZA

The process of forming a company in the International Free Zone Authority (IFZA) is designed to be both simple and efficient, allowing entrepreneurs to remotely establish their business without the need for personal presence. Here’s a summarized step-by-step guide:

Step 1 : Select Business Activity and License Type: 

The first step is to choose the specific business activities and type of license for your company. IFZA allows up to seven activities under one license, making it flexible for diverse business needs.

Step 2 : Determine Legal Entity: 

Decide whether you want to establish a Free Zone Company (FZCO) or a branch of an existing company. FZCOs are similar to LLCs but come with the FZCO suffix.

Step 3 : Prepare and Submit Documentation: 

Basic documents such as passport copies, residential address, and confirmation of business activity are required. The registration is usually completed within 5–7 working days.

Step 4 : Receive License and Registration: 

After the paperwork is processed, you will receive key documents like the Certificate of Incorporation and Trade License.

Step 5 : Secure the Establishment Card: 

This card, necessary for visa applications, is typically issued within 3-5 working days.

Step 6 : Visa Application: 

Apply for an entry permit and, once processed, complete medical tests and biometrics for the residence visa.

Step 7 : Emirates ID & Bank Account: 

After obtaining the visa, you can collect your Emirates ID and open a corporate bank account, benefiting from IFZA’s strong banking relationships.

The process is quick and ideal for those looking to set up remotely, with the business setup usually taking between 5-7 days for completion​

How to Register a Company in IFZA Dubai

To register a company in the International Free Zone Authority (IFZA) in Dubai, follow these streamlined steps:

1. Select Your Business Activity: Choose the business activity you want to conduct. IFZA offers over 1,000 activities, ranging from trading to consultancy and services.
2. Choose a Unique Business Name: Create a distinctive business name that aligns with IFZA's naming regulations and submit it for initial approval.
3. Submit the Required Documents: As part of the registration, you’ll need to submit essential documentation, including identification, business plan, and shareholder details, depending on your company structure.
4. Obtain Your License: After your documentation is approved, receive your company license, allowing you to legally operate within the free zone.
5. Register for VAT (if necessary): Depending on your business activity, you may need to complete VAT registration as part of the setup.

The entire registration process typically takes around 3-5 business days, offering a fast and efficient path to starting your business in Dubai. IFZA’s low-cost setup options and flexibility, such as allowing up to seven activities under one license, make it an attractive choice for entrepreneurs. Furthermore, 100% foreign ownership and profit repatriation are some of the many benefits of operating within IFZA

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Benefits of  Business Setup in IFZA

Establishing a business in the Dubai International Free Zone Authority (IFZA) offers several significant advantages:

1. Full Ownership

Foreign investors can enjoy 100% ownership of their businesses, giving them complete control and authority over their ventures.

2. Full Profit Repatriation

You can transfer all your profits back to your home country without any restrictions, ensuring you retain full financial benefits.

3. Less Corporate Tax

Businesses in IFZA are exempt from paying corporate taxes if they do not engage with mainland companies. This allows you to retain profits and reinvest them as needed.

4. Access to Global Markets

IFZA provides a multicultural environment that facilitates networking with a diverse global business community, opening doors to valuable partnerships and market opportunities.

5. No Physical Presence Required

Complete your IFZA company registration without needing to be physically present in the UAE, making the process convenient and efficient.

6. Flexibility for Multiple Activities

Operate multiple activities under a single license, giving you the flexibility to diversify and expand your operations as your business grows.

Wide Range of Activities Offered by IFZA Free Zone

The International Free Zone Authority (IFZA) offers a diverse array of business activities. You can operate up to three business activities under the same license without any additional fees if they fall under the same license type (Trading, Service, or Industrial). 

If you wish to add an extra business activity, an additional fee of AED 1,000 applies. IFZA categorizes business activities into three main types:

1. Consulting: Activities that provide expert advice and services across various domains.
2. Service: This includes professional services such as IT, marketing, and other support services.
3. Trading: This encompasses activities related to the buying and selling of goods.

Additionally, IFZA allows combining trading and consulting activities under the same license for an extra annual cost of AED 2,000

Different Facilities Offered by IFZA Freezone

The International Free Zone Authority (IFZA) offers a variety of office facilities at the Dubai Digital Park, including:

1. Flexi-desks: Ideal for startups, providing a shared workspace with 10 hours of access per week, an IFZA address, and one hour of complimentary meeting room use per month.
2. Flexi Desk+: Offers unlimited access to a dedicated desk during business hours, an individual address, five hours of complimentary meeting room use per month, one parking space, and high-speed WiFi.
3. Dedicated Workspaces: These provide unlimited access to a dedicated office space in a shared environment, an individual address, five hours of complimentary meeting room use per month, one hour of complimentary conference room use per month, one parking space, and high-speed WiFi.
4. Private Offices: Designed for growing businesses, offering unlimited 24/7 access to a dedicated office, an individual address, seven hours of complimentary meeting room use per month, two hours of complimentary conference room use per month, one parking space, and high-speed WiFi.
5. Personalized Offices: Customizable office spaces with unlimited 24/7 access, an individual address, seven hours of complimentary meeting room use per month, five hours of complimentary conference room use per month, two parking spaces, and high-speed WiFi​.

Office Packages and Amenities

Dedicated office rent prices in IFZA start from AED 18,240 per year. The office packages include:

• Wi-Fi: High-speed internet to ensure smooth business operations.
• Furniture: Pre-installed furniture for convenience.
• Electricity and AC: Essential utilities included in the package.
• Access to printer, scanner, and copy machine: Supporting daily business needs.
• Access to a meeting room: Providing space for client meetings and team discussions​.

These facilities are designed to cater to the diverse needs of businesses, ensuring a conducive environment for growth and success. Whether you're a startup or an established business, IFZA flexible office solutions offer the right fit for your company.

IFZA Freezone Company Establishment Card & Visa Fees

Setting up your business in Dubai’s International Freezone Authority (IFZA) is an exciting venture, and it’s important to be aware of all the details involved in the process. Here’s an easy-to-understand breakdown of the additional costs and requirements you should consider with IFZA’s attractive packages:

• ‍IFZA Establishment Card Fee: This is a fundamental part of your business setup. For the first year, the fee is AED 2,000, and for renewal, it’s slightly higher at AED 2,200.
• ‍IFZA Residence Visa Fee: If you or your team members need a residence visa, it costs AED 3,750 per applicant.
• ‍Medical Checkup: A crucial step in the visa process. You can opt for the VIP process at AED 850 for quick results, or the normal process at AED 450.
• ‍Emirates ID Application Fee: An essential for any resident, this is priced at AED 390.
• ‍Investor or Partner Visa: For those applying for an investor or partner visa, there is an additional fee of AED 1,000 per application, making it a total of AED 4,750.Once you have your residence, IFZA also offers the opportunity to sponsor your family members, enabling them to live in Dubai as your dependents. To do this, you’ll need to provide:

• Your original Emirates ID.
• A copy of your passport and visa (either original or a color copy).
• A salary certificate in Arabic or your labor contract.
• A registered tenancy contract or title deed, along with a utility bill.
• A color passport copy for each dependent.
• Attested marriage or birth certificates, translated into Arabic.
• A clear, passport-sized photo.

Documents Required for Business License in IFZA Free Zone

Documents Required for Shareholders

Individual Shareholder:

• Copy of passport.
• Passport photo for each shareholder.
• Emirates ID (for UAE residents).
• Visa copy (for UAE residents).

Corporate Shareholder:

• Notarized and attested board resolution.
• Notarized memorandum and articles of association.
• Notarized trade license copy.
• Notarized certificate of incorporation.

Additional Information

For individual shareholders, ensure all personal identification documents are current and valid. Corporate shareholders must provide notarized copies of essential corporate documents to comply with regulatory requirements. This structured approach helps streamline the incorporation process, ensuring all necessary documentation is prepared and submitted correctly.

Step by Step Process of Company Closing in IFZA

Here’s a clear, straightforward guide to what you need to do:

• Board Resolution for License Cancellation: Your company must prepare a formal board resolution stating the intention to cancel the license and the reasons for closing down.
• ‍Clearances from Authorities: Obtain necessary clearances from relevant entities such as Free Zones, telephone service providers, Emirates Post, and banks. This step is crucial to confirm that all official ties with these entities are properly severed.
• ‍Settling Employee Dues: Before proceeding with the trade license cancellation request, make sure to cancel all employee visas and clear any pending dues. This is an essential step in maintaining a good standing.
• ‍Clearing Outstanding Dues and Audit Report: Ensure that all dues to suppliers are settled. Additionally, prepare an audit report that outlines the current financial status of the company.
• ‍Public Notice in Newspapers: You’re required to publish a notice of your company’s liquidation in two local daily newspapers (one of which must be in Arabic). This advertisement should run for 45 days.
• ‍Cancellation of Memorandum of Association: The company’s Memorandum of Association with the business jurisdiction must be formally canceled. This is a legal requirement for the dissolution process.
• ‍Obtaining the License Cancellation Certificate: Once all documents are submitted and reviewed by the authorities, and all the above steps are completed, you will receive a license cancellation certificate. This certificate officially confirms the liquidation of your company and the cancellation of its trade license. 

Are you ready to setup a business in Dubai with RadiantBiz? If you want to learn about starting business in UAE, you can contact us by calling +971 50 797 4832 or sending a WhatsApp message to +971 50 777 5554. You can also email us at info@radiantbiz.com for assistance.

FAQ: IFZA FreeZone

What is the license cost in IFZA Freezone?

IFZA Dubai offers attractive company license packages designed to meet the diverse needs of investors. Here’s a breakdown of the cost-effective options available:

• IFZA Company Setup Cost Breakdown Zero Visa Quota Package: AED 12,9003-Year Business License Package: AED 43,470

These packages provide a cost-effective solution for entrepreneurs looking to establish their business in Dubai, making IFZA one of the most affordable options in the region.

How To Renew License in IFZA Freezone?

IFZA License Renewal Process: Renew Your License in 4 Easy Steps! Renewing your IFZA license is a straightforward process. Follow these four easy steps to ensure a seamless renewal:

• Review Your Rental Agreement: Ensure that your rental agreement is current and valid. This is a crucial step as your business location must be verified.
• Submit Renewal Application: Prepare your necessary documents and submit your renewal application to IFZA. This typically includes your current trade license, passport copies, and other relevant documents.
• Receive and Pay Renewal Fee: Once your application is verified, IFZA will send you the renewal fee details. Make the payment promptly to avoid any delays.
• Obtain Your Renewed License: After completing the payment, IFZA will process your renewal. You will receive your renewed license, allowing you to continue your business operations without interruption.

What is an IFZA License?

An IFZA license refers to the International Free Zone Authority license, a business setup option available in the IFZA free zone in Dubai. This license is designed to facilitate the establishment and operation of businesses in a tax-efficient and streamlined environment.

‍Key Features of an IFZA License:

• Affordable Setup Costs: IFZA offers highly competitive pricing, with business setup packages starting from AED 14,900*. These packages are designed to cater to different business needs, ranging from zero visa packages to those accommodating up to six visas.
• Wide Range of Business Activities: All business activities permitted under the IFZA license are aligned with the regulations set by the Dubai Department of Economic Development (DED). This ensures that the license covers a comprehensive scope of business operations, making it ideal for various industries.
• Flexible Packages: Whether you’re starting a small business or a larger enterprise, IFZA provides flexible packages to suit different requirements. From zero visa packages for minimal operational needs to packages including multiple visas, IFZA caters to all business sizes and types.