Have you been thinking about setting up a company in the IFZA free zone in Dubai? IFZA offers great benefits like 100% business ownership, zero taxes, fast setup, and excellent infrastructure for entrepreneurs globally. This article will explain the easy 4-step process to register your IFZA company with the help of a consultancy.
Choosing the Right Company Type
The first step is deciding the right company license for your business in IFZA. There are three options:
- FZ LLC – For general trading and services companies located in IFZA. You can have 1 to 50 shareholders. Most popular choice.
- Branch – For UAE or foreign companies who want to open an office branch in IFZA to expand their operations.
- Freelancer License – For individual consultants like HR, marketing, project managers, trainers etc. offering services in IFZA.
The license type determines your activities, shareholders, capital, and visas. Our consultants advise on the best match as per your needs after understanding your business plan and objectives.
Preparing the Documents
Next, you’ll need to prepare some documents for applying to IFZA. This is a critical step that must be completed accurately as per IFZA requirements:
- Passport copies of shareholders and managers
- No Objection Letter (if required from your sponsor or parent company)
- Address proofs of shareholders such as tenancy contract or utility bill
- Detailed CV highlighting qualifications and experience of managers
- Business plan with 3-5 year financial projections
- Parent company trade license copy (for branches)
Additionally, specialized documents may be needed as per your specific business activity proposed in the IFZA application. For example, an attested degree certificate is required for professional licenses.
Our experts scrutinize all your documents in detail before submission to ensure quick approvals. We also help customize your business plan if needed.
Applying Online and Approvals
Once your documents are vetted, we apply online to the IFZA portal on your behalf. The application first gets an initial approval where they validate eligibility and documents.
Next is the final verification and approval by IFZA’s license issuance team which takes 1 week approximately. The whole approval process takes 1-2 weeks only. Our dedicated Public Relations Officers actively follow up with IFZA daily through calls and emails to guarantee quick approvals without delays or rejections.
Post-License Procedures
After approval from IFZA, these post-licensing activities must be finished before starting operations:
- Obtain establishment card from IFZA to prove company registration
- Open a corporate bank account to manage company finances
- Register for Value Added Tax (VAT) if eligible based on your IFZA activity
- Attest trade license copy to use for additional legal formalities
- Apply for employment visas if looking to hire staff in your IFZA company
We offer full end-to-end support with all post-licensing steps for fast setup and ensuring smooth running of business operations from Dubai.
Benefits of IFZA Company Setup
Here are the main advantages of launching your business in IFZA:
- 100% Business Ownership: No need for an Emirati partner – you can fully own and control your IFZA business without local sponsorship.
- Zero Taxes: Full exemption from all corporate taxes and import duties in IFZA resulting in higher profits.
- Fast Approvals: License issued in just 1-2 weeks with our streamlined application process and proactive follow-up.
- Dubai’s Business Hub: Access Dubai’s vast network of customers, service providers, investors and skilled workforce enabling business growth.
- Flexible Leases: Rent fully furnished office spaces on flexible 1-5 year leases in IFZA’s grade A business centers.
- Affordable Costs: Low license fees starting from AED 9,500 per year making it cheaper than mainland licenses.
Innovation Support
IFZA offers strong focus and incentives for technology, sustainability and innovation-driven business models through various initiatives.
So in summary, IFZA offers the full package – strategic location, pro-business policies, world-class infrastructure, speedy setup and attractive costs making it the ideal launch platform.
Starting Your IFZA Company Journey
I hope this comprehensive guide gives you clarity on the systematic 4-step process for setting up your business easily in IFZA with the right expert guidance. Our consultants at Horizon Biz Consultancy have enabled over 500+ successful IFZA registrations over the past 5 years.
With our expertise, your company launch in IFZA will be completely smooth, swift and stress-free right from document preparation to final approvals and post-licensing procedures.
Contact Horizon Biz Consultancy today to start your profitable IFZA journey!
FAQ’s
It is around AED 9,500 per year with flexible 1-5 year renewal options. Extra fees apply for office rentals, visas etc.
IFZA allows trading, manufacturing, IT, marketing, consulting, healthcare, education, art businesses and many more commercial activities.
Yes, as an IFZA company shareholder/manager you can sponsor your own residence visa plus employee visas.
Yes, having a physical office is compulsory as per IFZA company law. You can choose from ready offices, desk spaces or virtual offices.
