IFZA
Business Setup In IFZA Freezone Fujairah
The International Free Zone Authority, commonly known as IFZA, is located in Fujairah on the eastern side of the UAE, making it one of the more remote yet strategically positioned free zones in the country.
Among the free zones in Fujairah, IFZA stands out as a highly competitive option for company formation. It is known for its cost-effective fee structure, transparent procedures, and investor-friendly environment. IFZA also offers a wide range of business setup packages, from zero-visa options to multiple-visa plans, giving entrepreneurs the flexibility to choose the structure that best fits their needs.
Advantages of IFZA Company formation
The International Free Zone Authority (IFZA) in Fujairah provides a wide range of office solutions to meet the needs of different business types. It is the only free zone that offers a complete business center for its clients in Dubai. IFZA’s facilities include flexi-desks, fully equipped offices, and warehouses. Office rentals start from AED 13,056 per year and come with essential amenities such as Wi-Fi, electricity, air conditioning, and access to printers, scanners, and photocopying machines.
Other benefits of business set up in IFZA
100% exemption from tax
Currency restrictions
Share capital requirements
Foreign ownership
Cost-effective solutions
Prime location
No physical office required
Steps involved in setting up of business in IFZA
Below are the detailed steps involved in setting up a business in IFZA.
Getting the initial approvals
Preparation of Memorandum of Association (MOA)
Getting certificates
Submission of Application
In summary, business setup in IFZA is relatively simple, with most procedures completed online. After submitting the required documents, company registration approval is typically issued within one to two days, making the process quick and efficient. If you are planning to establish a company in IFZA, the business consultants at QBS can guide you through every step and ensure a smooth, hassle-free setup experience.