Business Setup in International Free Zone Authority (IFZA) Free Zone

International Free Zone Authority (IFZA) is a popular free zone authority located in the United Arab Emirates (UAE). It was established in 2015 to provide world-class business opportunities to investors and entrepreneurs from across the globe. In this article, we will discuss the key features, advantages, and registration process of IFZA.

Key Features of International Free Zone Authority Free Zone:

• IFZA offers a range of benefits to businesses and investors, including:
• 100% foreign ownership and repatriation of capital
• 0% personal and corporate income tax
• Exemption from import and export duties
• No restrictions on currency exchange or profit repatriation
• Access to state-of-the-art infrastructure and facilities
• The simple and streamlined company registration process
• Zero restrictions on hiring foreign employees
• Low operating costs and maintenance fees

Advantages of Business Setup in IFZA:

IFZA provides a range of advantages to investors and entrepreneurs, including:

Strategic Location: IFZA is located in Fujairah, one of the seven emirates of the UAE, which is strategically located on the eastern coast of the Arabian Peninsula. It is in close proximity to several key ports and shipping routes, making it an ideal location for businesses involved in import and export.

Business-Friendly Environment: The UAE is known for its business-friendly environment, and IFZA is no exception. It provides a range of incentives and facilities to investors, making it an attractive location for businesses looking to establish a presence in the Middle East.

Range of Business Activities: IFZA allows businesses to engage in a wide range of activities, including trading, manufacturing, logistics, consultancy, and more. This provides investors with a high level of flexibility and the ability to diversify their business interests.

Competitive Costs: IFZA offers competitive operating costs and maintenance fees, making it an attractive location for businesses looking to minimize their overheads.

Registration Process:

The registration process for International Free Zone Authority Free Zone is simple and streamlined, and can be completed in just a few steps:

Step 1: Choose a Business Activity

The first step is to choose the business activity that you wish to engage in. IFZA allows businesses to engage in a wide range of activities, so it is important to choose the activity that best suits your business needs.

Step 2: Choose a Legal Form

IFZA offers a range of legal forms for businesses, including Free Zone Establishment (FZE), Free Zone Company (FZC), and Branch Company.

Step 3: Choose a Company Name

Once you have chosen a legal form, you can choose a company name. The name should be unique and not already registered with IFZA.

Step 4: Submit Required Documents

The next step is to submit the required documents, which may vary depending on the legal form and business activity chosen. Generally, the following documents are required:

• Application form
• Passport copy of shareholder(s) and director(s)
• Proof of residence of shareholder(s) and director(s)
• Business plan
• Memorandum of Association (MOA) and Articles of Association (AOA)
• Lease agreement or tenancy contract for office space

Step 5: Obtain a License

Once all the documents have been submitted, the IFZA Authority will review the application and issue a license upon approval. The license is usually issued within a few days of submitting the application.

International Free Zone Authority Free Zone is an excellent choice for businesses and investors looking to establish a presence in the UAE. Its strategic location, business-friendly environment, range of business activities, and competitive costs make it an attractive option for businesses of all sizes. The registration process is simple and streamlined, making it easy for businesses to get up and running quickly. Overall, IFZA is a great option for those looking to expand their business globally, with a range of benefits and advantages that can help drive success.

Contact B Formations IFZA Free Zone Business License Experts and get a free consultation.