IFZA is the perfect place for companies to establish their presence in the UAE market. IFZA offers the lowest prices, easy-to-follow procedures, and minimal requirements to investors who want to establish their business in the UAE.
Other advantages of creating companies in the Dubai Free Zone with IFZA
- Wide range of commercial, service, and trade activities available.
- Shareholders are not expected to be physically present in the UAE for the incorporation of the IFZA company.
- IFZA free zone companies have limited liability.
- 100% repatriation of capital and profits.
- 100% foreign ownership is allowed.
- 0% income tax for individuals or companies.
- There is no minimum paid-up capital required.
- Fast business creation process.
- There are several packages with and without a visa.
- More than 60% of the world's population is easily accessible by air.
- IFZA companies can do business with the companies in the free zone and on the mainland and operate outside the UAE.
- IFZA does not require your employer to provide a certificate of non-compliant.
- Several activities can be combined under the same IFZA license.
IFZA license types and companies
International free zone authority dubai offers over a thousand business activities to companies incorporated in the free zone. These licensing activities can serve both small start-ups and large multinationals.
The types of licenses offered by the free zone are detailed below:
- Consulting license: Includes expert advisory activities.
- Service license: includes service provision activities. It is suggested for service providers for the production, transformation, and distribution of services.
- Trade license: includes the activities of trading goods. It is endorsed for importing, exporting, distributing, and storing the goods indicated in the license.
- General Trade License: Includes trading activities for a wide range of products.
- Holding license: includes the activities of holding assets or shares in other companies and is recommended for holding autonomous assets or shares in other companies.
IFZA allows you to combine up to seven activities that belong to the same or different types of licenses.
Since its foundation, IFZA Dubai has offered business creation packages to meet the needs and desires of entrepreneurs worldwide. Investors can effortlessly license and register their companies without traveling to the UAE.
IFZA allows the incorporation of the following types of companies:
- Limited Liability Company: This is a legal structure in which the company's responsibilities are its own and do not become the personal responsibilities of the company's shareholders. The shareholder's responsibility is linked to the extent of his investment in the company.
- Branch: Existing companies can open a branch in ifza free zone if the branch and the parent company perform the same actions. For-profit, yield, debt, and liability reasons, the branch identity is considered cooperative with the parent company identity.
IFZA Business Creation Process
The steps to create your company in Dubai IFZA involve the following:
- Agree on the right business structure
- Apply for company registration
- Presentation of all necessary documents
- Pay the necessary license fee
- Issuance of an IFZA electronic agreement
- Sign the electronic agreement and the letter of share capital
- Issuance of the electronic license
The documents required to create a company are the following:
- Complete application form
- Copy of the passport of the owner or owners
- Copy of the visa
- Copy of the Emirates ID
- Two passport-size color photographs with a white background
Special Features of IFZA Company Creation
IFZA is one of the few free zones in the UAE that stands out for its extraordinary advantages and the opportunities it offers investors. These benefits include:
- The IFZA authorities do not require the investor to submit an annual audit report.
- The jurisdiction offers owners and employees a visa of up to 3 years.
- The physical presence of investors is not required to incorporate the company.
Like the renewal, the company's liquidation also does not require the owner's physical presence and can be done through an agent. You will have to pay a government fee to complete the settlement process.
Many international investors want to open a business in a free zone in the UAE due to advantages like 100% ownership and complete tax exemption.Read more https://www.branches.ae/hamriyah-sharjah-free-zone/
