IFZA: International Free Zone Authority: Overview
The International Free Zone Authority (IFZA), initially founded in Fujairah, is now migrated in Dubai Silicon Oasis area. When considering starting a business in Dubai, exploring IFZA and similar zones within the emirate is advisable. IFZA stands out as a highly competitive free zone for establishing Business and Dubai free zone company, offering cost-effective fees and transparent procedures for investors.
IFZA presents a wide range of packages, catering to various needs, ranging from zero-visa companies to multiple visa options.
INTERNATIONAL FREE ZONE AUTHORITY PROPOSED LICENSES
There are several types of IFZA licenses:
1. Professional License: For companies providing consulting and different type of services.
2. Commercial License: For companies engaged in import/export of different goods
3. Industrial License For companies involved in the production, processing, packaging of goods.
Wide range of activities offered by IFZA Free Zone
IFZA provides a wide range of business activities. up to 3 business activities under the same license with no additional fee if they fall in the same license type (Trading, Service or Industrial). An extra fee of AED 1,000 AED applied for extra business activity.
International Free Zone Authority offers business activities with the following categories:
1- Consulting
2- Service
3- Trading
IFZA Free Zone allow to combine trading and consulting activities under the same license with additional cost: AED 2,000 ( Yearly fee).
Different Facilities offered by IFZA:
International Free Zone Authority provides many office facility solutions at affordable cost at the location of Dubai Digital Park ( A2 & A3 Building ) such as:
- Flexi-desks
- Dedicated workspace
- Private office
- personalized offices as per the client needs.
Dedicated office rent prices in IFZA start from 18, 240 AED per year. The Office packages include:
- Wi-Fi
- Furniture
- Electricity
- AC
- Access to printer, scanner, and copy machine
- Access to a meeting room
License cost IFZA Free Zone:
IFZA license fees starts from 12,900 AED included registration address with 3 business activity under the same license category:
|
Type of licence | Visa Eligibility |
License cost first year | License Renewal fee |
|
ZERO visa package |
AED 12,900 |
AED 12,900 |
|
1 visa package |
AED 14,900 |
AED 14,900 |
|
2 visas package |
AED 16,900 |
AED 16,900 |
|
3 visas package |
AED 18,900 |
AED 18,900 |
| 4 visas Package | AED 20,900 |
AED 20,900 |
The time frame of the company registration is between 3 to 5 business days and the process could be done remotely so the presence of the shareholders is not required.
Several items to be considered with the above packages such us:
- IFZA Establishment Card fee: 1st year AED 2,000 | Renewal fee: AED 2,200
- IFZA Residence Visa fee: AED 3,750 per applicant
- Medical checkup: VIP process AED 850 | Normal Process AED 450
- Emirates ID application fee: AED 390
After obtaining the residence, the applicant my sponsor the family Members and get them a residence a dependents, the requirements are:
– Sponsor Original Emirates ID
– Sponsor Passport + visa copy (Original/Color copy)
– Salary Certificate-Arabic (from authority) OR Labor contract
– Ejari /Registered Tenancy contract OR / TITLE DEED + Dewa bill
– Dependent Color passport copy
– Marriage certificate / birth certificate (attested from home country, MOFA and translated to Arabic)
– Clear PP size Photo