International Free Zone Authority (IFZA)

International Free Zone Authority (IFZA) is set to quickly become a leading investment hub within the thriving UAE economy. The free zone has easy access to all the Arabian Gulf Ports and the booming markets of Iran, India, and Pakistan. 

It is also close to International Airport. Such advantages, including strategic location with access to the world's major shipping routes, port and airport, and streamlined procedures, make the free zone an ideal place to set up a business in Dubai.

They offer their investors the lowest price and minimum requirements and procedures to start a business; hence, IFZA is the ideal location for any businessman to set up their company.

Types of Licenses Available in IFZA

The various types of licenses available in the IFZA Dubai are:

1. Consultancy License

This license is issued to companies that provide expert and professional consultancy services for professionals.

2. Service License

Under this, companies that are into production, reproduction, transformation, and distribution of services are provided with a license.

3. Trading License

This license enables the licensee to trade items specified on the trade license.

4. General Trading License

It enables a licensee to trade a wider range of items.

5. Industrial License

This license allows importing raw materials, production, re-production, manufacture, packaging, and export.

6. Holding License

This license allows holding standalone assets and/or shares in other companies.

How to Start a Business in Dubai International City Free Zone?

Setting up a company in IFZA is reasonably simple and easy. The bulk of the process can be done online and does not require you to be physically present during the registration process. 

The complete process of registering a company in the free zone is given below:

1. Decide a Name

It is required that you decide on the name of the company. In the future, the company will be referred to by the name that you decide. 

The name chosen by you should be a name that other companies do not already use.

2. Approvals

Get the required approvals and permits from the concerned authorities. Special permissions need to be taken if the business conducted by your company is special or exclusive.

3. Memorandum of Association

Draw up the Memorandum of Association and get it notarized by the court.

4. Getting Certified

The company must collect Capital Contribution Certificates and an auditors certificate which can be obtained from a bank.

5. Submit the Application

All the documents, such as the copy of the Memorandum of Association, all the certificates previously obtained, and tenancy contracts, need to be submitted with the approvals for registering the business.

6. Inspection by the Concerned Authority

After all the above steps, an inspection of the company will be done by the concerned legal department. If all is good, the name of the company will be entered into the Commercial Register, and the Memorandum of Association will be published by the Ministry of Economy.

After completing the registration mentioned above, the company will be given a license to initiate its business by the municipality of IFZA.

Facilities Provided by IFZA Dubai

free zone company set up in the UAE is feasible due to its various facilities. Just like the IFZA free zone of the Dubai Emirate has:

A wide range of modern office solutions have-

  • European design
  • Modern, open interiors with ample natural light
  • Flexible usage options
  • Flexible rental duration
  • 24/7 access.

Warehouse facilities include various size options built on the highest international logistics standards-

  • Various sizes
  • Flexible rental duration
  • 24/7 access.

Various quality and spacious retail outlet options for selected brands-

  • Large storefronts
  • Easy access
  • High-quality common areas
  • 24/7 security.

Though the business setup process in IFZA is quite straightforward, foreign entrepreneurs and businessmen may face problems during the company registration process. When trying to set up a company in the UAE, it is recommended to take the help of a management consultancy firm such as “Commitbiz”.

For more details, contact us today - we will be glad to be of service.

FAQs

What warehouse facilities can be availed in IFZA?

Warehouse facilities include various size options built on the highest international logistics standards-

  • Various sizes
  • Flexible rental duration
  • 24/7 access.

What all are provided by the retail outlets in this freezone?

Various quality and spacious retail outlet options for selected brands-

  • Large storefronts
  • Easy access
  • High-quality common areas
  • 24/7 security.

What are the features of modern office solutions?

A wide range of modern office solutions have-

  • European design
  • Modern, open interiors with ample natural light
  • Flexible usage options
  • Flexible rental duration
  • 24/7 access.

What are the available license types in the International City free zone?

The various types of licenses available in the IFZA Dubai are:

  • Consultancy
  • Service
  • Trading
  • General Trading
  • Industrial
  • Holding.

Which government authority provides the license to the company for its business initiation?

The Municipality of International Free Zone Authority.