Set Up Your Company in
IFZA Free Zone
Over the past ten years, the United Arab Emirates (UAE) has seen substantial industrial growth. A key factor in this development has been the establishment of Free Zones, which are set up through decrees issued by the Ruler of the respective Emirate.
They have been highly effective in drawing numerous foreign companies and foreign direct investment, significantly boosting the proportion of non-oil exports and net exports from the country.
Benefits of Starting a Business in (IFZA)
If you are looking to set up your business in a Dubai Free Zone, here are some of the attractive benefits:
Legal Framework
- 100% foreign ownership
- 100% repatriation of capital and profits
- Tax exemptions
- 100% free transfer of funds, and no foreign exchange controls
- Flexibility to operate 24/7
- A variety of commercial offices available for sale or lease
- Easy start-up and licensing procedures
- Unique industry clustering and purpose-built infrastructure.
- Exemption from all import and export duties
- Low freight charges
- Multicultural workforce and easy recruitment procedures
- The timely and streamlined immigration process
Types of Licenses Offered
in IFZA Freezone
Industrial License
An industrial license is necessary for businesses engaged in the production of goods and products, such as the manufacture of machinery, chemicals, and food items.
Tourism License
This license is required for businesses operating in the tourism sector, including hotels, tour operators, and travel agencies.
Professional License
A professional license is required for businesses offering services such as consulting, accounting, and legal work, as well as for those in creative fields like graphic design, architecture, and advertising.
E-Commerce License
This license is required for businesses engaged in online trading and e-commerce. It permits only the online sale of goods.
Freelance Permit
This license is for individuals wishing to work as freelancers in Dubai, enabling them to offer professional services as independent contractors rather than employees.
Commercial License
This license is for businesses involved in trading
activities such as wholesale and retail trade, import
and export, and storage and distribution.
Documents for IFZA Freezone Company Setup
- Personal Identification Documents
- Proof of Address
- Business Plan
- Company Documentation
- Financial Documents
- Shareholder and Director Documents
- Office Lease Agreement
- Additional Documents
Steps in Setting Up Your Business in IZFA Freezone
1
Determine The Business Entity Type
Begin by choosing your business activities and type of legal entity.
2
Choose A Trading Name
Your business name should comply with the criteria set out by the UAE government.
3
Apply For a Business License
Depending on the Free Zone jurisdiction that you will choose and/or your business activity, you may need
to attach a copy of a business plan along with your license application.
4
Choose An Office Space
Free Zones offer various office solutions such as a flexi-desk to support start-ups.
5
Get Pre-Approvals
This should take a few weeks, once you have your license you are free to start your business.
6
Open Your Corporate Bank Account
You would need a bank account to commence your business in Dubai
