International Free Zone Authority
In 2018, the International Free Zone Authority (IFZA) opened for business in Fujairah. In 2020, IFZA signed an agreement with the Dubai Silicon Oasis Authority (DSOA) to promote ease of doing business and flexibility. IFZA, which is based in the vibrant commercial and business districts of the United Arab Emirates, offers a lot. It is in a strategic and advantageous location. More than a thousand commercial activities are available through Dubai's International Free Zone Authority. Their versatile business setup alternatives and competitive bundles are available for you to utilize. The authority provides you with comprehensive solutions for all of your business setup needs. You can rely on Company Daddy's dependable Company Formation Services if you want to establish an IFZA Free Zone Company in Dubai.
Salient features and advantages of IFZA Business Setup
- Multi-currency Corporate bank accounts
- Offers Customized Office Setup Solutions including Flexi Desk, Executive Office
- Multi-currency Corporate bank accounts
- Diverse business activities
- Consultancy, Service and Trading options
- No requirement for the physical presence of shareholders
- No need to present evidence of share capital
- 100% exemption from corporate and income taxes
- Ability to incorporate holding companies
- It allows 100% foreign ownership.
- Absence of income tax.
- No physical presence in the UAE is required to incorporate your company.
- Fast & easy Freezone company incorporation
A number of procedures and prerequisites must be fulfilled for IFZA Dubai business formation in order to register a company with the International Free Zone Authority (IFZA). The following steps are usually included in the process:
- 1. Choosing a company name: Choosing a name for the firm is the first stage in the company registration procedure. The name ought to be original and adhere to the IFZA's naming standards.
- 2. Selecting a legal framework: Selecting a legal structure for the company is the next stage, as seen below:
- Free Zone Company (FZCO) – will be owned by individual shareholders.
- Branch of a Foreign Company – will be owned by the foreign entity.
- The branch of a UAE/Dubai Company- will be owned by the local entity
The chosen structure will determine the ownership and shareholding structure of the business.
3. Submitting the application: The next step is to present the company registration application along with the required documents, such as:
- Valid Passport copy
- Passport photo (white background)
- Submit a business plan to the Company Daddy Team.
4. Obtaining approvals: After submitting the application, the IFZA authorities will send a link to get the digital signatures of the shareholders and the general manager. Upon reviewing the application, IFZA may request additional information or documentation. Once all the required data is submitted, IFZA will issue the necessary approvals for your company setup.
5. Paying the registration fees: The final step is to deliver the registration fees, which will depend on the chosen legal structure and other factors, such as the required size of the office space.
It’s important to note that the exact requirements for company registration in IFZA may vary depending on the chosen legal structure and other factors, and it’s always advisable to check with the Company Daddy team for the latest information and guidance.
IFZA (International Free Zone Authority) offers a wide range of business activities for investors to set up their businesses in the free zone. The free zone allows for both commercial and industrial activities, and companies can operate in various sectors, including:
1. Trading activities: IFZA allows companies to engage in various trading activities, such as import/export, re-export, and distribution of goods. This includes wholesale and retail trade and electronics, garments, and machinery trading.
2. Manufacturing activities: IFZA provides opportunities for manufacturing activities, such as food processing, packaging, and assembly. The free zone offers world-class infrastructure and modern facilities to help businesses establish a production line that meets international standards.
3. Services activities: IFZA offers a wide range of service activities that include professional, technical, and support services. This includes services such as consulting, IT services, legal services, accounting, and auditing services.
4. Logistics activities: The free zone provides excellent infrastructure and logistics support that enables companies to engage in warehousing, distribution, and freight forwarding activities.
It's crucial to remember that the precise kinds of company operations allowed in IFZA can change based on the legal structure selected and other variables. For the most up-to-date information and advice, it's always a good idea to contact the Company Daddy team.
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