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International Free Zone Authority (IFZA)

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International Free Zone Authority (IFZA)

With its highly competitive price and extensive range of commercial operations, the International Free Zone Authority (IFZA) has now established itself as a major centre for new business setups in the United Arab Emirates. The most affordable general trading company licence in the UAE is frequently obtained through an IFZA company formation. Other licences such as consultation, service, commercial trading, industrial and holding permits are also issued by IFZA. GAAP Associates assists you in Free Zone Company Formation in UAE and help you obtain a company license.

Benefits of an IFZA licence:

  • Affordable options for incorporating a business
  • Quick and simple company formation and management
  • Numerous activities, including consulting, service, and trading
  • Remote incorporation is feasible.
  • Companies are only partially liable
  • 100% tax-free status for businesses and individuals
  • There are no upfront share capital requirements
  • Possibility to incorporate holding companies
  • Various choices for offices with flexible rental terms Various warehouse facilities

International Free Zone Authority (IFZA)

Types of Business Licenses:

  • Commercial License

Your ability to start the import, export, storage and distribution processes is made possible by a commercial license.

  • Industrial License

Companies who want to import raw materials in their area must obtain an industrial license. Only those with an industrial license are permitted to manufacture and process a certain number of specific commodities.

  • Professional License

Professional licensing concerns are anticipated for consulting firms and service providers. The DED grants licenses to professionals.

  • Consultancy License

You need an IFZA consultation licence in order to offer professional expert consulting services.

  • Service License

A service license issued under the company's name allows those license holders to perform manufacturing, production, and transportation activities.

  • General Trading License

If you own an IFZA general trading licence, you can access a wide range of services and trade opportunities. You can begin trading your goods and services in a B2B, B2C, and C2B business model with a general trade license.

FAQ

DSOA (Dubai Silicon Oasis Authority) now oversees it.

There are more than 40 multidisciplinary free zones in the UAE.

A free zone company is prohibited from conducting direct business with the UAE market. The only way the free zone company can conduct local business is through local distributors that have been chosen locally.

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