International Free Zone Authority (IFZA)
International Free Zone Authority, Dubai
Description
International Free Zone Authority (IFZA)
| 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 |
