Skip to content
Menu
D2cl
  • Home
  • General
  • Health and Medical
  • Business Services
  • Art and Design
  • Contact us
D2cl

Setting Up Business IFZA: A Guide To Success

Posted on February 1, 2023

The International Free Zone Authority (IFZA) is a popular location for businesses looking to establish a presence in the United Arab Emirates (UAE). There are several benefits to company setup in IFZA, including 100% foreign ownership, 100% repatriation of capital and profits, and exemptions from corporate and personal income taxes. Additionally, the IFZA offers a range of services and facilities to support businesses, making it an attractive option for companies of all sizes.

Choose the type of business entity that best suits your needs:

The first step in setting up a business in IFZA is to choose the type of business entity that best suits your needs. The most common types of business entities in IFZA include free zone companies, free zone establishments, and branches of foreign companies. Free zone companies and free zone establishments are independent legal entities, while branches of foreign companies are extensions of existing businesses.

Select a business activity:

Once you have chosen the type of business entity, you will need to select a business activity. IFZA offers a wide range of activities, including trading, manufacturing, consulting, and professional services. Selecting an activity that aligns with your business goals and objectives is important.

Submit an application for registration with IFZA:

Next, you will need to submit an application for registration with IFZA. The application process is relatively straightforward and typically involves submitting the necessary documents, such as a business plan, passport copies, and proof of address. You will also need to pay the relevant fees, which vary depending on the business entity and activity type.

Lease or purchase a physical space in IFZA:

Once your application has been approved, you will need to lease or purchase a physical space in IFZA. Various options are available, including office spaces, warehouses, and land. It is important to choose a location accessible for your employees and clients that meet your specific business needs.

Obtain the necessary licenses and permits:

After you have secured a physical space, you will need to obtain the necessary licenses and permits. This will typically involve obtaining a trade license, which allows you to conduct business activities and any additional licenses required for your specific activity.

Establish a corporate bank account:

The final step in setting up a business in IFZA is establishing a corporate bank account. This will typically involve submitting the necessary documents, such as the trade license and passport copies, and paying the relevant fees.

Recent Posts

  • Saving Money in the Long Run: The Benefits of Regular Plumbing Maintenance
  • Dieting Made Easy: How To Stick To Your Meal Plan
  • Stem Cells from Fat How They Can Help People
  • Making The Most Of Your Apartment Balcony
  • 8 Effective Ways To Promote Your Law Firm Online

Recent Comments

No comments to show.

Archives

  • March 2023
  • February 2023
  • June 2021
  • May 2021
  • April 2021

Categories

  • Art and Design
  • Business Services
  • General
  • Health and Medical
A few helpful tips for making the perfect cup of coffee
Identifying common mistakes when purchasing home improvement materials
Key tips to help you improve your interior fit outs
  • March 2023
  • February 2023
  • June 2021
  • May 2021
  • April 2021
  • Art and Design
  • Business Services
  • General
  • Health and Medical
Copyright © 2022