If you want to get the best benefits from a free zone, the IFZA company formation is a good option. In this case, the zone offers advantages that other free zones do not, like the ease of the process and many others.

In this article, you will be able to see the advantages of establishing your business in this area of the UAE. Let us see:

1. What is the IFZA?

In this case, IFZA is the International Free Zone Authority which has established its headquarters in Dubai, following its original foundation in Fujairah. In addition, the IFZA company formation is one of the best alternatives today. Therefore, this area offers a very competitive location for investors who want to establish their businesses in the UAE.

This offers various advantages over other free zones such as Ajman, Hamriyah, or other areas of Dubai. For example, it offers fast procedures, profitable rates for investors, and other substantial advantages. Moreover, you will be able to find a wide variety of visas for your partners and workers of the company.

2. Why setting up a company in IFZA free zone?

As we mentioned, the IFZA company formation will allow you to establish yourself in the global market of Dubai. In this sense, you can achieve the following benefits with this process:

• Business ownership. In the IFZA zone, foreign investors have the possibility of having 100% ownership of their business.
• Repatriation of profits. With the IFZA business setup, you will be able to repatriate all the profits of your business to your country of origin.
• No corporate taxes. You will be able to keep all your earnings since the law establishes 0% corporate taxes in free zones.
• No import or export tax. In free zones, companies do not have to pay customs duties, as companies on the mainland do.
• Global Connections. Dubai is one of the Emirates that offers companies opportunities to connect with various international and national markets.
• Extensive activities. Company formation in IFZA allows you to participate in a wide variety of economic activities.
• Optimum registration process. In this case, the entire procedure is quick and easy, with the opportunity to access training and business administration services.

2.1 Features of the IFZA company formation

The business setup in IFZA Dubai, in addition to offering the aforementioned advantages, also has unique characteristics. Therefore, as an investor in the UAE, you will be able to obtain the following benefits:

• There is no paid-up share capital requirement
• Likewise, you do not need to submit an annual audit report
• You will be able to obtain a visa of up to 5 years for you and your employees
• It is not necessary to deposit an employee guarantee
• You can work with a virtual office
• You do not need to be present for the IFZA company formation in Dubai
• Also, you do not need a NOC from the current visa sponsor

3. Simple IFZA company formation process

The IFZA business setup process will only take you 3-4 business days. In addition, you do not need to be present on-site, as you can complete the process remotely through our advice. Thus, before detailing the process, we will show you what documents you need:

• Copy of your passport
• Passport size photograph
• Residence address
• Phone number

After completing the registration, you will need to provide the following documents:

• Articles of Association
• Leasing contract
• Commercial license
• Constitution certificate
• Deed of Constitution

3.1 Steps for company formation in IFZA

As we mentioned, the process is simple, and fast, and consists of the following steps:

1. Define the commercial activities you want to carry out in this free zone.
2. Choose a suitable name for your company, as there are regulations that you must follow in this regard. In this case, you cannot choose a name with offensive or profane language or references. Also, you should make sure that the name is not being used by another business.
3. Finally, you will be able to apply for your business license.

Likewise, our company can help you collect all the documentation and comply with each of these stages. Thus, it ensures a smooth, error-free, and optimized process to set up your company.

4. Licenses issued in IFZA Dubai Free Zone

The authority of this free zone issues licenses for various IFZA business activities to foreign and local investors. In this case, the licenses can be:

• Commercial license. With this license, you will be able to carry out import, export, storage, and distribution activities.
• Industry license. Apart from being able to import raw materials with this license, you will be able to establish a business manufacturing and processing certain products.
• Professional license. This license is essential for consulting companies or service providers in the free zone.
• Consulting license. In this case, companies that work as expert consultants for professionals need this license.
• Service license. With this license, your company will be able to carry out activities related to the production and transport of services.
• General business license. This license allows you to perform various activities with B2B, B2C, and C2B business models.

5. IFZA license cost

When applying for a business license in this free zone, you must pay for the chosen business license. Besides, the cost varies depending on the license duration for the IFZA business setup.

6. ConnectFZ – Your best option to establish your business in IFZA

Our UAE free zone company formation services are the one that offers you the best solution. Therefore, contact us, just call us at the number + 971 43 316 688 or write to us at contact@connectfz.com.