International Free Zone Authority (IFZA)
International Free Zone Authority, Dubai
Description
IFZA offers a wide range of business setup solutions with benefits such as 100% foreign ownership, zero corporate tax, and no restrictions on profit repatriation. Initially established in Fujairah, IFZA relocated to Dubai in August 2020, operating under the patronage of the Dubai Silicon Oasis Authority (DSOA).
| Emirate | Dubai |
| Website | https://ifza.com/en/ |
| Contact Email | info@ifza.com |
| Contact Info |
Phone: +971 4 392 0111
Address: IFZA Dubai, Dubai Silicon Oasis, Dubai, UAE
|
| Year Established | 2018 |
| License Types | Consultancy, Service, Trading, Industrial, Holding |
| License Cost | AED 11,500.00 - License costs start from AED 11,500, varying based on the type of license and business activity. |
| Formation Cost | AED 11,500.00 - Formation costs start from AED 11,500, depending on the chosen package and business requirements. |
| Minimum Capital Requirement | AED 0.00 - No minimum capital requirement. |
| Allowed Business Activities | Consulting, Service, Trading, Industrial, Holding |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Consulting, Service, Trading, Industrial, Holding |
| Restricted Activities | Activities not compliant with UAE laws and regulations |
| Investor Visa Cost | AED 3,500.00 - Visa costs start from AED 3,500, depending on the package selected and the number of visas required. |
| Employee Visa Cost | AED 3,500.00 - Visa costs start from AED 3,500, varying based on the number of visas and employee categories. |
| Maximum Visas per Company | 6 |
| Processing Time (Days) | 5 days - Company registration can be completed within 5 working days, depending on the completeness of documentation. |
| Visa Processing Time | 10 days |
| Physical Office Required | No |
| Office Space Options | Flexi-desk, Dedicated office space, Warehouse |
| Office Space Cost | Office space costs vary based on the selected facility and size. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Bank account setup assistance is provided; costs depend on the chosen bank and account type. |
| Partner Banks | RAKBANK, Emirates NBD, Mashreq Bank, Abu Dhabi Commercial Bank |
| Governing Laws | Subject to the laws and regulations of the Dubai Silicon Oasis Authority and the UAE. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | No |
| Renewal Fees | AED 11,500.00 - Renewal fees start from AED 11,500, depending on the license type and business activity. |
| Renewal Processing Time | 5 days |
| Business Restrictions | Activities not compliant with UAE laws and regulations |
| Ownership Structure | 100% foreign ownership allowed |
| Import/Export Restrictions | No Standard UAE import/export regulations apply. |
| Benefits | 100% foreign ownership, 0% corporate and personal tax, No physical office requirement, Cost-effective license packages, Access to emerging markets, Customizable facilities, One-stop-shop services, Fast-track visa services |
| Drawbacks | Relocation from Fujairah to Dubai may affect businesses preferring the Fujairah location |
| Specific Compliance Requirements | Compliance with Dubai Silicon Oasis Authority regulations and UAE laws |
