IFZA, also known as International Free Zone Authority, is a free trade area located in Dubai. It is known for being an enabling environment for many business niches and individuals to network and grow.
If you are looking to start your UAE business setup or investing opportunities in Dubai, IFZA is a premium choice for many reasons.
IFZA – Quick Facts
Originally located in Fujairah, the International Free Zone Authority was later moved to Dubai.
IFZA’s ideal location in numbers:
- 35 minutes away from Dubai Marina
- 30 minutes to Mall of the Emirates
- 20 minutes to Burj Khalifa
- 20 minutes to Dubai International Airport
- 40 minutes to Jebel Ali Port
As you can see, the ideal location of the International Free Zone Authority has made it accessible to various places that contribute immensely to the success of any business activity. From shopping points to community driven spaces and the Jebel Ali Port, access is provided in the form of convenience.
Dubai is one of the most active and business oriented cities in the world.
The headquarters of IFZA are at the Dubai Digital Park.
IFZA – Workstation Options
There are different types of workstations to choose from when it comes to having a business setup in the International Free Zone Authority.
Flexi Desk
- You get to have 10 hours of access every week
- A workstation of sharing suitable for a startup owner
- Shared IFZA address is given
- Exceptionally fast WiFi
- Complementary meeting room use for 1 hour in a month
Flexi Desk+
- Limitless access to a specific desk
- Personal address is given
- Exceptionally fast WiFi
- Complementary meeting room use for 5 hours in a month
- Parking space of 1 is provided
Dedicated Office
- In a contributed office environment limitless access is available with a specific office space
- Personal address is given
- Exceptionally fast WiFi
- Complementary meeting room use for 5 hours in a month
- Complementary conference room use for 1 hour in a month
- Parking space of 1 is provided
The above 3 types of workstation options are limited to being available only during operating office hours.
Private Office
- Unlimited access to a dedicated office
- Individual address provided
- Exceptionally fast WiFi
- Complementary meeting room use for 7 hours in a month
- Complementary conference room use for 2 hours in a month
- Parking space of 1 is provided
Personalized Office
- Limitless 24/7 accessibility for a specific personal office space
- Available as furnished or unfurnished units
- Personal address is given
- Exceptionally fast WiFi
- Complementary meeting room use for 7 hours in a month
- Complementary conference room use for 5 hours in a month
- Parking spaces of 2 are provided
License Options in IFZA
There are various types of business licenses to choose from when it comes to setting up a business at IFZA. Whether you are starting from a small scale or mega scaled business widening your presence, IFZA has a choice for everyone.
Commercial
With this type of license you get to participate in export, import, storage and distribution of specified items.
Professional
With this type of license you get to participate in providing professional consultancy and other types of services, such as technical, lifestyle and similar types of services.
Industrial
Allows the import of raw material, processing, manufacture, packaging, and export of specified products.
Branch
IFZA also allows foreign owned and incorporated companies to register a branch at IFZA Dubai. Correspondence of the activity conducted by the parent company and proposed branch must happen in order to successfully open the branch.
Requirement for Business Setup
Basic documents to start your dream business at IFZA include the following:
- Passport copy
- Passport size photo
- Residential address and phone number
- Utility bill as proof of address
- Company name options
- Copy of entry stamp to UAE
*Note: that the above mentioned are basic requirements. Case to case variations depending on the type of business activity and business license require tailored documents. To know exactly which documents you may need to submit, contact us.
The steps to formation are as follows:
- Submit your application with required documents
- Activity and name approval process
- Official company registration
- Clear dues and payments
- Collect final registration certificate, license and lease agreement
Upon successful registration of your company the following documents are provided:
- Certificate of incorporation
- Trade License
- Lease Agreement
- Share Certificate
- Memorandum of Association
- Articles of Association
IFZA Fees
The costs associated with starting a business at IFZA depend on the type of business license you choose to acquire along with how many UAE Resident visas you need.
License fees at IFZA start at 11,500 AED. Other than that a visa eligible company cost starts at 17,900 AED while a non visa package starts at 13,900 AED.
*Note: these are basic costs which are subject to change without notice. Also, costs are not limited to the above mentioned. To know more about various types of fees and costs that may be incurred, contact us.
IFZA Academy
To complement free zone business owners and their employees, the IFZA Academy was established for one purpose: training and enabling everyone toward solutions.
IFZA Academy is the answer for organizations that need flexible, on-demand training in a range of topics. IFZA Academy can customize programs to suit your needs with our wide variety of micro-learning modules or provide intensive customized sessions tailored just for you and your staff.
Pro’s & Con’s of Company Formation in IFZA
With the endless options to choose from when picking a free zone, each free zone comes with its own pro’s and con’s.
Pro’s:
- Offers the desirable environment for work-life balance
- Provides a quick and easy business setup process
Con’s:
- Limited business activity offerings
- Variable pricing depending on chosen license
Start your dream business in the UAE at IFZA
We want to help you move from thoughts and into action. It is certain that tailored situations demand tailored approaches, this is where Airzone comes. When it comes to setting up your business in the UAE, there are a list of documents and fees that may come as a surprise to you. We take away the surprises. All you need to do is submit the needed documents, we handle the rest.
Book your free zone consultation today and start your much awaited dream business swiftly and smoothly, only with Airzone.
