A complete guide to the IFZA Freezone

Dubai's International Freezone Authority (IFZA) is a leading choice for global investors seeking a foothold in the UAE's dynamic business landscape. This guide takes you through the benefits, licence types and seamless process of setting up a company in the IFZA Freezone, with insights from our expert business consultants at DET Group in Dubai.

Why Choose the IFZA Freezone in Dubai?

• 100% foreign ownership: Enjoy the coveted privilege of full foreign ownership, giving entrepreneurs unparalleled control over their businesses.
• Efficient Company Formation: IFZA streamlines the company incorporation process, ensuring fast and hassle-free setup for investors.
• Remote company registration: Benefit from the convenience of remote company registration, eliminating the need for physical presence in the initial stages.
• Capital and Profit Repatriation: IFZA allows 100% repatriation of both capital and profits, giving companies the flexibility to manage their financial resources.
• Flexible Licence Activities: Entrepreneurs can choose from a variety of licence activities, providing adaptability to different business sectors within the IFZA free zone.
• 0% corporate tax on profits below AED 375,000: Companies with annual profits below AED 375,000 benefit from the remarkable advantage of 0% corporate tax, contributing to overall cost efficiency.

Types of business licences in the IFZA Freezone

It is important to understand the different business licences available. IFZA categorises licences into three main types:

• Professional licence: Suitable for consultancy and service businesses.
• Commercial licence: Authorises activities such as import, export, storage and distribution.
• Industrial licence: Designed for businesses involved in importing raw materials and manufacturing.

IFZA Company Types: LLC and Branch Options

Limited Liability Company (LLC)

• Legal form: LLC is a legal structure in which the liabilities of the company are separate from the personal liabilities of its shareholder(s).
• Limited liability: The liability of the shareholders is limited to their investment in the company.
• Asset Ownership: The assets of the LLC are held in the name of the company, not the shareholder(s).

Branch

• Opportunity for expansion: Existing companies can establish a branch in the IFZA and carry out the same activities as the parent company.
• Unified identity: The identity of the branch is considered to be the same as that of the parent company for the purposes of profits, gains, returns, expenses, debts and liabilities.

Both LLCs and branches established in the IFZA carry the designation "FZCO", indicating their affiliation with the freezone.

IFZA has an investor-friendly approach that ensures rapid business establishment:

• Fast licence issuance: Licences are secured within just four days, speeding up the start of your business.
• Hassle-free registration: Designed for global entrepreneurs, IFZA's seamless business start-up packages allow for easy licence acquisition and company registration without the need to travel to the UAE.

Steps to Obtain a Business License in IFZA:

• Create a business plan: Comprehensively outline your licence type, business activities, visa requirements and office requirements.
• Submit documents: Prepare essential documents, including passport copies, photographs, Emirates ID or UAE visa copies. Submit the application.
• Submit e-legal form: Sign and submit the e-legal form received from IFZA after initial approval.
• Fee payment and licence receipt: Complete the process by paying the licence fee and receiving a soft copy of your trade licence.

Choosing IFZA as your business establishment destination in Dubai offers a strategic advantage in a competitive market. With DET Group's expert consultants, navigating the intricacies of the IFZA freezone becomes a seamless journey to business success in the UAE.