International Free Zone Authority, or IFZA, is a newly launched free zone located in the heart of Fujairah. Fujairah is one of the seven emirates of the United Arab Emirates, and it lies on the eastern side of UAE, which has a coastline solely on the Gulf of Oman.
IFZA is set to quickly become a leading investment hub within the thriving UAE economy. Offering a highly customized approach, coupled with efficient international service standards and cost-effective solutions.
Top 5 Reasons Why Set up a Company with IFZA
Cost Effective
Fujairah is relatively less expensive for new businesses company compared to Dubai. In IFZA, a company can be set up with an Annual License fee of as low as AED 11,500. Several advantages are also available to all types of businesses, such as;
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- Full repatriation of company profits and capital.
- 100% Foreign ownership
- 100% exemption from corporate and income taxes.
- No paid-up share capital requirement
- A maximum of 10 shareholders are allowed per license
Fast & Easy Company Incorporation
IFZA has made it easier for businesses to get approval from Authorities, and “NO” physical presence is required for an owner/investor, nor NOC (no objection certificate) is required from their sponsor if the owner/investor is carrying the UAE resident visa.
Wide and Comprehensive range of business activities and license
IFZA offers a wide and comprehensive range of business activities, including Consultancy, Service, Trading, and Industrial options. Holding License is also available. To be able to serve business locally and internationally.
Limited Liability Company
All licenses are registered with a structure of LLC which is an independent entity whereby the company structure separates the owners and shareholders from the Company.
Bank Account Opening
After obtaining a license, another struggle for investors is to set up their company’s bank account. IFZA has a list of banks where IFZA Company owners can easily open their bank accounts. However, the bank account opening will always be subject to bank compliance approval.
For more information on setting up a company with International Free Zone Authority, please feel free to contact our Corporate Services team at mail@affiniax.com
