what we’re offering
About IFZA
The Emirate of Dubai is home to the International Free Zone Authority (IFZA). It is poised to develop into a premier, cutting-edge investment hub with a plethora of advantages that will undoubtedly contribute to the continued prosperity of the UAE economy.
The free zone is positioned to provide quick access to the expanding markets. Having a free zone business here has several benefits, such as open access to ports and main shipping lanes and expedited processes.
Why Form a Dubai Free Zone Company with IFZA?
In Dubai, United Arab Emirates, IFZA is among the most dependable and affordable free zones. The region is renowned for providing packages that are customized to meet the requirements of anyone wishing to establish a Dubai Free Zone business at a low price. In addition to the cost factor, IFZA offers the best Dubai free zone business creation. In addition, IFZA provides office suites, private offices, and desks as flexible workspace solutions.
The Advantages of Starting Your Company in IFZA
- UAE’s most affordable solutions for setting up a business.
- Many trade, service, and business options are offered.
- For an IFZA firm to be formed, shareholders do not need to be present in person in the United Arab Emirates.
- Companies in IFZA free zones are subject to limited liability.
- complete repatriation of earnings and capital.
- Foreign ownership up to 100% is permitted.
- No personal or corporate income tax.
- No requirement for a minimum paid-up capital.
- rapid procedure of forming a firm.
- There are numerous visa and non-visa package options.
- By air, two thirds of the world’s population are readily reachable.
- You are able to serve 9.8 million people.
- IFZA businesses are able to transact with both mainland and free zone businesses.
- Companies in the IFZA are permitted to operate outside of the United Arab Emirates.
- Your employer does not need to provide IFZA with a no objection certificate.
- In Dubai, professional, commercial, and industrial operations can be consolidated under a single IFZA trade license.
Pricing Packages
Get in touch with us for a customized quote for starting your business.
Here is the timeline for Meydan Free Zone company formation
Timeline
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Day 1 – Application submission
You will sign and submit your application for Meydan Free Zone business setup.
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Day 2 – Reservation of company name
We will hold your company's name in reserve with IFZA Dubai.
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Day 3 – Submit documents to IFZA
We will send the necessary paperwork and your application to IFZA.
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Day 6 to 8 – Business license issued by Meydan FZ
You will receive your trade license from IFZA. A scanned copy will be sent to you so that you can begin doing business.
Types of IFZA License and Companies
The various licenses that IFZA Dubai issues for the establishment of free zone companies are as follows:
Professional: In Dubai, a professional license is granted to companies that provide consulting and services.
Commercial: Permit for distribution, storage, import, and export.
Industrial: Permit to import raw materials and to manufacture and process specific products.
Up to seven (7) activities that may be under one license or several license categories may be combined under IFZA.
IFZA allows combining up to seven (7) activities that may belong to a single license or different license types.
Most importantly, the authorities facilitate investors by ensuring issuance of licenses in four (4) days and quick registration of the company. Since its establishment, IFZA has offered business setup packages aimed at fulfilling the needs and demands of businessmen from across the world. The investors can easily obtain Dubai business license and register their companies without having to travel to the United Arab Emirates.
The following company types are allowed to be incorporated by IFZA:
A limited liability company (LLC) is a type of business structure in which the firm’s debts remain its own and do not transfer to its shareholders’ personal accounts. Liability of a shareholder is limited to the amount of money he has invested in the business. An LLC’s assets are acquired under the company’s name, not the shareholder’s name.
Branch: Companies that already operate can open a branch in IFZA as long as both the branch and the parent company engage in the same activities. The identity of the branch is seen as being combined with the identity of the parent business for the purposes of profits, gains, returns, expenses, obligations, and liabilities.
Procedure for Forming an IFZA Company and Issuing Resident Visas
Why IFZA?
The International Free Zone Authority, often known as Dubai Silicon Oasis Authority, is a free zone that was founded in the Emirate of Dubai. The most affordable options for establishing a Dubai free zone corporation are provided by IFZA.
How Can a Free Zone Company Be Started with IFZA?
With IFZA, establishing a Dubai free zone corporation is a simple process. All you have to do is place an order on the internet by choosing the plan that best suits your needs as a business. For every kind of license, including commercial, professional, industrial, and general trading firm licenses, We Dot Group provides a range of products.
The procedure for establishing a Dubai free zone corporation with IFZA is outlined here.
Step 1: Go to the website, pick a package, and place your order.
Step 2: Send in the application’s corresponding set of documents:
- Each shareholder’s scanned passport in clear, color.
- Each shareholder’s most recent UAE visa or entrance stamp (if available).
- copy of your Emirates ID, if applicable.
- Each stockholder is shown in a passport-sized photo with a white background, revealing their shoulders and head, wearing black attire, without jewelry or eyewear, and without teeth.
How can an IFZA business help me get a UAE residence visa?
Step 1: We will apply for the company’s establishment card if you have chosen the license with visa entitlement. The establishment card will be issued within five to seven (5-7) business days.
Step 2: The UAE immigration needs the visa holder to be present in the UAE for the issuing of the resident visa due to the current CoVid-19 scenario.
Step 3: We’ll get the application for the visa ready. The IFZA will process the application and issue the UAE e-visa in four to five (4-5) business days.
Step 4: After the visa is granted, the process of changing the status of the visa will begin so that the visa holder can continue with the medical examination and Emirates ID biometrics. A change in visa status can be made in one to two (1-2) working days.
The following is a list of the status change regulations:
Status Change (inside the UAE):
- The visa holder will not be permitted to leave the UAE until the passport has been stamped with the resident visa following the completion of the change of status.
- The visa holder has thirty (30) calendar days from the time of entry or the completion of the in-country change of status to finish the medical exam and apply for an Emirates ID.
Step 5: The visa holder will apply for an Emirates ID and take the medical exam. Depending on the package the visa holder chooses, medical findings can be issued in as little as two (2) hours with the VVIP package or as long as seven (7) days. The following paperwork is needed for the medical exam and Emirates ID:
- original visa-holding passport.
- A copy of the e-visa that the IFZA issued.
- A copy of the confirmation of the change in status.
- Each shareholder should provide three passport-sized images with a white background, displaying their shoulders and head, wearing dark clothing, without jewelry or spectacles, and without teeth.
- The company’s trade license.
- business card issued by the establishment.
Step 6: The visa holder can use the Emirates ID biometrics when the medical result has been issued.
Step 7: In order to get your visa stamped and get your Emirates ID, you need to send the following paperwork to the IFZA offices:
- original visa-holding passport.
- Original passport-sized images of each shareholder, nine (9) in total, with a white background, colored shoulders and head visible, dark clothes, no jewelry, no eyewear, and no teeth.
- copy of the free zone’s e-visa.
- A copy of the confirmation of the change in status.
- A certified copy of a medical test result.
- Copy of the Emirates ID application with stamps.
- A copy of the business’s trade license.
- A copy of the business’s establishment card.
After the original documents are submitted to IFZA, the visa stamping process takes five to seven (5 – 7) business days. After the visa has been stamped, ten (10) days will pass before the Emirates ID is given out.
We Dot Group offers comprehensive support for establishing a Dubai free zone business with IFZA, including issuing resident visas to staff members and shareholders.
Package
Flexi desk
Flexi desk +
Dedicated office
Private office
Personalised office
- Conference rooms with flexi desks and flexi desk+ can be utilized according to usage.
- Cost of IFZA P.O. Box: AED 1200 annually
- Charges for answering calls: AED 150 per month
- An extra utilities charge equal to 6% of the office rent is due for private and customized offices.
- Extra phone line: 75 AED per month for each connection
- Extra workstation: 100 AED per month
- Small conference room: AED 75 per hour during business hours; AED 100 per hour after hours
- Conference room: AED 200 per hour (after hours) or AED 150 per hour (during business hours)
- Printing: 50 AED for a hundred pages
- Flexi desk and Flexi desk+ parking space: AED 250 per month
- Call + 10% is the rate for outgoing calls; a deposit of AED 500 is needed for any special office lines or requirements pertaining to international call forwarding.
- For specialized, private, and customized workplaces, a security deposit equal to one (1) month’s rent is needed.
Flexi desk
The shared desk is equipped and available for use for a maximum of ten (10) hours every week, Sunday through Thursday, from 8:30 a.m. to 6:00 p.m. A wifi connection, a business address in the IFZA free zone, and one (1) hour per month of meeting room use are all included with the flexi desk. Additional fees apply for the usage of conference rooms.
Flexi desk+
It’s a fully equipped dedicated desk in the free zone. The use of these desks is not time-limited. Additional amenities include one (1) parking space, five (5) hours a month of use to the conference room, and wifi. Access to the conference room is also available with additional fees.
Dedicated office
This nine (9) square meter dedicated office space is located in a common area. The office space will have one (1) workstation with wifi connectivity, five (5) hours of meeting room use per month, one (1) hour of conference room use per month, and one parking space.
Private office
IFZA provides 12.5 square meter private offices with either two workstations or an executive desk. This is a 24-hour office. WiFi access, conference rooms available for two (2) hours per month, meeting rooms for seven (7) hours per month, and one (1) parking space are examples of ancillary services. 24/7 use is possible for private offices.
Personalized office
At IFZA, an unfurnished area measuring twenty (20) square meters or more qualifies as a private office. A user receives a personalized office as well as two (2) parking spaces, wifi, conference rooms for five (5) hours a month, and meeting rooms for seven (7) hours per month. Like private offices, customized offices are available around-the-clock.
Documents Needed to Form an IFZA Company
An individual shareholder must have the following documents:
- A passport copy.
- A picture of their passport for each stakeholder.
- ID from Emirates (if the shareholder resides in the UAE).
- A copy of the shareholder’s visa, if they reside in the UAE.
Documents such as these are necessary for a corporate shareholder:
- Board resolution copy, notarized and authenticated.
- Memorandum and articles of association in notarized copy.
- Copy of the trade license notarized.
- Copy of the incorporation certificate notarized.
Here are the key features of IFZA
Key Features
| Dubai's International Free Zone Authority | Authority of International Free Zone Among the United Arab Emirates' most promising upcoming free zones is Dubai. |
| Kind of Business | A free zone limited liability company with a minimum of one (1) stakeholder. |
| Prerequisites for Accounting | For free zone businesses founded under the International Free Zone Authority of Dubai, there are no accounting or reporting obligations. |
| Taxes | In the United Arab Emirates, companies incorporated under the International Free Zone Authority in Dubai are not subject to corporate taxes. |
| 100% Ownership | Foreign citizens are permitted to own 100% of the shares. |
| Time zone | World time zone that's convenient: GMT+4. |
| Paid up capital requirement | No prerequisites for fully paid capital. |
| Manager/Person in charge | For any organization, there must be an appointed person in control. |
Here are answers to some of the most frequently asked questions about Meydan Free Zone company formation.
Common Questions
I want to start a firm in the International Free Zone Authority Dubai, but do I need to be in the UAE?
IFZA does not need you to establish your business there. In order to be eligible for the IFZA firm formation packages with residence visa allocation, you must have traveled to the United Arab Emirates at least once. Even if you have never been to the United Arab Emirates before, you can still establish the company if all you want is a trading license.
When will my bank account be set up?
You can apply to open a corporate bank account with any UAE bank once your business has been formed.
Does establishing a business in the International Free Zone Authority of Dubai require a local sponsor?
No, a local sponsor is not required to establish a business in Dubai’s International Free Zone Authority.
How much time does it take to establish a business in Dubai's International Free Zone Authority?
After completing and submitting the application forms and providing the necessary documentation, you have three to four working days to establish a corporation with the International Free Zone Authority of Dubai. The preceding section on timing details any additional steps involved in granting of the visa.
In the International Free Zone Authority Dubai, what kinds of activities can I start up?
The following primary activity kinds can be implemented by the companies:
- Services
- Consultancy
- Industrial
- Trading
- Holding
- General trading
Does my business have to have a physical office space in order to be established in Dubai's International Free Zone Authority?
To register a business with IFZA, you do not need to have an office. You will receive an office rental agreement from IFZA that includes all licenses.
