International Free Zone Authority (IFZA) Set-up

International Free Zone Authority (IFZA) Set-up

The International Free Zone Authority (IFZA) was set up by the Dubai Silicon Oasis in Fujeirah in 2018, and eventually moved to Dubai in 2020 for taking advantage of the unlimited opportunity in this emirate.  The IFZA is well known for providing lucrative incentives to entrepreneurs, and hence is extremely popular.

IFZA is one of the most cost effective and reliable free zones in Dubai. The authority provides very flexible plans to entrepreneurs, specifically tailor made as per their requirement, in order to kickstart their business. The free zone has options of flexible workspaces, like desks-spaces and office suites, coupled with very affordable and straightforward procedures for business set-up.

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Just like every other free zone, a business in IFZA is 100% ownership and tax benefits. Other advantages include:

  • Limited liability

  • No capped capital requirement

  • Flexible visa and non-visa packages

  • Option of operating outside of UAE

  • Can choose required trading options in a license, as per the list on their website

  • No foreign currency restrictions

There are different licenses that are issued by the IFZA

General Trading license

One of the most flexible licenses, that provides options for various B2B and B2C trading options.

Professional license

This is for professional activities like healthcare, financial services, etc.

Commercial license

For companies for import and export operations.

Industrial license

  • license for manufacturing and assembling activities

Consultancy license

This license is specifically for those who want to provide consultancy services in a particular field. It is necessary to publish the documents to support the expertise and knowledge in that field.

Service License

For service providers like marketing and distribution.