International Freezone Authority IFZA
Since the Dubai Silicon Oasis (DSO) Authority agreed and signed an agreement with International Freezone Authority, IFZA where was originally founded in Fujairah, a lot of entrepreneurs got a chance to explore and optimize the benefits of its flexible business setup solutions.
Any individuals who intend to incorporate a business around Dubai Silicon Oasis, International Free Zone Authority IFZA Company Formation is your best choice.
International Free Zone Authority IFZA Dubai is typically more attractive to outside investors and entrepreneurs because of its monthly attractive promotions in setting up a business.
Since the Dubai Silicon Oasis (DSO) Authority agreed and signed an agreement with 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.
IFZA Freezone is known as one of the cheapest business set-ups in all over the free zone in the UAE. It has introduced different types of activities where entrepreneurs and foreigners can boost their capacity and expertise in the field of business. It abounds in opportunities and resources, attracting the largest horde of people every year that sees it as a place to fulfill their dreams.
Flexi Desk, Dedicated Office, and Private office are readily available in this location. Whenever you decided on an immediate business setup, IFZA is very much ready for what you demand.
Aside from that, IFZA has a facility such as Warehouses, retail outlets, residential apartments, and hotel options that serve small to multinational levels businesses.
IFZA DUBAI BUSINESS SET-UP COST
JOB DESCRIPTION | IFZA DUBAI STANDARD YEAR LICENSE PRICE |
---|---|
Zero Visa License | AED 13,900 |
License with 1 visa quota | AED 17,900 |
License with 2 visa quotas | AED 21,900 |
License with 3 visa quotas | AED 23,900 |
License with 4 visa quotas | AED 25,900 |
License with 5 visa quotas | AED 27,900 |
License with 6 visa quotas | AED 29,900 |
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 |
Applying license under IFZA allotted 2 activities free of charge. But IFZA is known for promotion packages for setting up a business, once the promotion is still active, they considered 3 activities free of charge.
A total of seven (7) activities can be put in the same license. You can put combine Professional and Commercial business activities in a single license.
Moreover, 3 shareholders are included per license package with no general restrictions imposed, 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?
You can get immediate help and support for your company formation from a number of schemes specializing in Professional and Commercial types of licenses.
It is one of the cheapest business licenses in the Freezone area. If you want to establish your business in the Freezone area, this one is the best option for you.
At IFZA, we are committed to helping businessmen corporate companies, and global investors to establish a company here and to use optimally the benefits offered by a developing economy like IFZA. Our experts provide assistance with licensing and visa processing, together with our advice and immediate update and alerts.
Requirements for IFZA Dubai Company Formation
- Colored Passport Copy
- Confirmation on activity
- 6 pcs of passport size photo with white background
- Color Emirates ID Copy for UAE residents
- Color Visa copy (if there’s any)
- Emirates ID application form
- License Application Form
IFZA LIQUIDATION OF COMPANY
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 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 license 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?
To make it simple and clear, over the years in the industry, we’ve provided a number of budding entrepreneurs with company formation processes until license liquidation, giving them expert advice which makes everything easy for anyone.
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