International Freezone Authority IFZA Business Setup
Since the Dubai Silicon Oasis (DSO) Authority agreed and signed an agreement with the International Freezone Authority, IFZA, which was originally founded in Fujairah, a lot of entrepreneurs got a chance to explore and optimize the benefits of its flexible business setup solutions.
For individuals seeking to establish a business in Dubai Silicon Oasis, the International Free Zone Authority, IFZA is an excellent choice. It’s monthly promotions for business setup often make it more appealing to foreign investors and entrepreneurs.
Since the Dubai Silicon Oasis (DSO) Authority partnered with IFZA, a free zone originally based in Fujairah, many entrepreneurs have had the opportunity to explore and benefit from it’s flexible business solutions.
Known for its affordable business setup options, IFZA offers a wide range of activities to cater to entrepreneurs and foreign investors. With abundant opportunities and resources, IFZA attracts many people seeking to fulfill their business aspirations
This free zone entity provides various workspace options, including flexible desks, dedicated offices, and private offices. For those requiring additional facilities, IFZA also offers warehouses, retail outlets, residential apartments, and hotel options to suit businesses of all sizes.
Whether you need a quick business setup or long-term facilities, IFZA is well-equipped to meet your needs.
IFZA Business Setup Cost
| JOB DESCRIPTION | IFZA DUBAI STANDARD LICENSE PRICE |
|---|---|
| Zero Visa License | AED 12,900 |
| License with 1 visa quota | AED 14,900 |
| License with 2 visa quotas | AED 16,900 |
| License with 3 visa quotas | AED 18,900 |
| License with 4 visa quotas | AED 20,900 |
| License with 5 visa quotas | AED 22,900 |
| License with 6 visa quotas | AED 24,900 |
Cost can vary greatly depending on the business license whether it’s a Professional and Commercial license. Also, by choosing General Trading, you have to pay an additional AED 10,000 from the standard price of the license.
| Extra Business Activity Fee | AED 1,000 |
| Cross Business Activity Fee | AED 2,000 |
| Extra Shareholder | AED 350 |
| Per Corporate Shareholder | AED 750 |
IFZA typically allows for two activities to be included in a license at no additional cost. However, during promotional periods, IFZA may offer packages that include three activities at no charge. A maximum of seven activities can be combined on a single license. This includes the possibility of integrating professional and commercial activities. Each license package initially consists of up to three shareholders with no general restrictions. However, the maximum number of shareholders is subject to the approval of the Authority.
Additional Government Services Fees for your Company Formation at IFZA
| Establishment Card | AED 2,000 |
| Establishment Card Renewal | AED 2,200 |
| Residency Visa Fee: Outside country Application (2 years) | AED 3,750 |
| Visa Status Change Fee | AED 1,600 |
| Visa Overstay Fine Payment Service Fee | AED 400 |
| Visa Cancellation (within UAE) | AED 500 |
| Visa Cancellation (outside UAE) | AED 1,300 |
| VIP E-Visa (Additional) | AED 2,000 |
| VIP Residence Visa (Additional- cut-off time is 11am) | AED 1,500 |
MOA & AOA OTHER DOCUMENTS
| Standardized MOA & AOA (with your company details) | Free of Charge |
|---|---|
| Optional: Registration of MOA & AOA with Regulatory Authority | AED 1,500 |
| Extract of Company Registry Information | AED 400 |
General Services
| IFZA Letters & NOCS | AED 250 |
| IFZA Document Attestation | AED 400 |
Penalties
| Freezone: Late License Renewal Penalty | AED 1,000 |
| Establishment Card Late Renewal Penalty | AED 1,000 |
Why IFZA Freezone for your business?
You can receive prompt assistance with your business setup in Dubai from various services specializing in professional and commercial licenses. IFZA offers one of the most affordable business licenses in the free zone. If you’re looking to establish your company in a free zone, IFZA is an excellent choice. At IFZA, we are dedicated to supporting businesses, corporations, and global investors in setting up companies and maximizing the benefits of our thriving economy. Our experts assist with licensing, and visa processing, and offer valuable advice and timely updates.
Requirements for IFZA Dubai Company Formation
- ZColored Passport Copy
- ZConfirmation on activity
- ZPassport-size photo with white background
- ZColor Emirates ID Copy for UAE residents
- ZColor Visa copy (if there’s any)
- ZEmirates ID application form
- ZLicense Application Form
IFZA Liquidation Process
Closing your business can be a very difficult choice to make. But for you to have an idea of how to close your company under the IFZA license, here are the following process that needs to be done:
- Corporate/Individual Shareholder Resolution, this should be agreed that the company will be closed and signed by all the shareholders
- End of Service Entitlement, stamped and signed by all shareholders
- Liquidation Report: obtained from a UAE-licensed auditor
- Visa Cancelation
- Establishment Cancelation
- A Final Liquidation Certificate
The Approximate fees of the overall process of the license liquidation/cancelation are from AED 7,000-9,000, depending on how many visas to cancel.
Why choose Dahhan Business Services to process your IFZA license?
Over the years, we’ve helped numerous aspiring entrepreneurs navigate the entire company formation process, from initial setup to license liquidation. Our expert guidance simplifies the process for everyone.
