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UAE Corporate tax of 9% to take effect from 1st June 2023

Business Setup in IFZA, Dubai, Company Formation in International Free Zone Authority

International Free Zone Authority (IFZA) is known to be one of the most cost-effective free zones in Dubai, UAE. Strategically situated within one of the UAE’s dynamic business gateways. IFZA Dubai provides local and international businesses the ideal platforms, infrastructure and location that optimize the benefits of the UAE’s strategic geographic position, world-class infrastructure and business- and tax-friendly environment.

 

FEATURES OF IFZA FREEZONE COMPANY

• Fast & easy freezone company incorporation
• Comprehensive range of business activities
• Consultancy, Service and Trading options
• Physical presence of shareholders is not required
• Limited Liability Companies
• No physical office requirements
• Proof of share capital is not required
• 100% exemption from corporate and income taxes
• 100% foreign ownership
• Zero foreign currency restrictions
• Full repatriation of company profits and capital
• Ability to incorporate holding companies

WHAT MAKES IFZA UNIQUE FREEZONE ?

• No need to submit Annual Audit at Freezone
• 3 years visa for owners and employees
• No Employee guarantee deposit required
• Passport Copy is the only document required
• Physical presence of Company Owners is not required
• Limited Liability Companies with suffix “LLC” & easy to open Bank Account
• Various option of flexi desk and offices available
• No mandatory insurance requirement
• Exemption from Corporate and Income tax
• 100% repatriation of profit.

IFZA Free Zone Company Registration and Visa processing are made easier to you with WISE Consultancy

Business Activities:-

License types available in International free zone authority, Fujairah:-

  • Consultancy License- providing expert and professional consultancy services for professionals.
  • Service License – allows production, re-production, transformation and distribution of services.
  • Trading License – enables the licensee to trade items specified on the trade license.
  • General Trading License – enables the licensee to trade wider range of items.
  • Industrial License – allows to import raw materials, production, re-production, manufacture, package and export.
  • Holding License – allows the holding standalone assets and/or shares in other companies.
 Service LicenseTrading LicenseHolding Company
AED 9,500
Zero Visa LicenseAED 11,500AED 13,500
1 Visa LicenseAED 15,700AED 17,500
2 Visa LicenseAED 17,900AED 20,500
3 Visa LicenseAED 19,700AED 23,500
4 Visa LicenseAED 21,300AED 25,500
5 Visa LicenseAED 22,900AED 27,500
6 Visa LicenseAED 24,700AED 29,500
Extra business activitiesAED 1,000
Office Rental AgreementIncluded in all license packages
License Pre-Approval per Shareholder(s)AED 300
Extra ShareholderAED 350

MULTI YEAR LICENSES:-

2 Year License – 12% Discount off Trade License
3 Year License – 20% Discount off Trade License

Visa servicePrice in AEDGeneral ServicesPrice in AED
Visa status change800License Cancellation2,200
Visa Cancellation500Duplicate Company Document400
E-Channel Refundable Deposit5,000IFZA Letters & NOC’s250
E-Channel Registration Fee2,200Refund – License Administration Fee80% of License application fees
E-Channel Renewal Fee (yearly from 2nd year)1,100License Amendment2,000

 

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