Starting a business in the International Free Zone Authority (IFZA) is an excellent way to enter the UAE market while staying within a tight budget. IFZA provides cost-effective solutions and transparent processes for investors looking to enter the market without incurring excessive expenses. Depending on your business’s size, there are various package options to suit your specific needs. Situated in the Northern Emirates, IFZA remains one of the most affordable UAE Free Zones. Here are some benefits of doing business in IFZA:
- Low Corporate Tax
- 100% Foreign Ownership
- Flexibility for Multiple Activities
- Full Profit Repatriation
- No Physical Presence Required
- Access to Global Markets
YUGA Accounting & Tax Consultancy brings 20 years of experience in providing comprehensive solutions for businesses, from company formation in the UAE to supporting established industries with their consulting, banking, and legal needs. Let our experts assist your business as well!
Type of Business License in IFZA
With its straightforward setup process and affordable pricing, IFZA caters to a wide range of both small and large-scale business types, including, but not limited to:
01) Trading License
Licenses for the trade of specific goods.
02) Consultancy License
Provided to businesses that offer consultative services.
03) Industrial License
This license includes, but not limited to, the importing and exporting of raw materials, manufacturing, and production.
04) Service License
For businesses that provide for the production and distribution of a service.
Necessary Documents and Procedures to Obtain Your Business License in IFZA Free Zone;
Establishing a business in the IFZA Free Zone is a relatively simple process, with much of it being manageable online. You won’t even need to be physically present for registration!
Steps to Get Your Business License IFZA Free Zone
- Application
- Submission of Documentation
- Issuance of License
- Name Reservation
Required Documents
- Proof of Address
- A No Objection Certificate (If required)
- Professional Reference Letter
- Copy of Visa and Passport
- A Business Plan or Curriculum Vitae