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IFZA freezone

A Comprehensive Guide to Company Formation and Liquidation in IFZA Freezone

Dubai is home to one of the international’s top investment destinations called the International Free Zone Authority (IFZA). The Authority is co-branded with the Dubai Silicon Oasis Authority, where it gives custom designed organization formation package deal for marketers. On top of this, you will receive world-class amenities, and IFZA offers low-cost company setup packages and international service standards.  

As an investor, you will choose this company for setting up a free zone company because it has been their favorite choice.To meet the vast business needs of investors, IFZA Dubai provides captivating company license packages. For a Zero Visa Quota, the company setup cost in IFZA is only AED 12,900. This means that entrepreneurs can establish their business in IFZA with a cost-effective investment of AED 43,470 for a 3-year business license. When taking into account the overall expenditure required for setting up a company in IFZA, it is certainly the most economical option within Dubai. 

IFZA Free Zone is attracting foreign investors due to advantages such as  

  • 100% foreign ownership 
  • 100% profit repatriation,  
  • Infrastructure and other benefits. 



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Establishing a Business in Dubai IFZA 

IFZA Free Zone provides offices, warehouses, residences, restaurants, shops and other facilities. There are many license options (Consulting License, Services License, Trading License, General Trading License, Industrial License and Holding License) in small local and international businesses. 

 IFZA company Setup is a quick and easy process. 

Choosing an IFZA approved auditor will help you avoid legal issues and set up your business effectively. Our expert team will guide and assist you throughout the company formation process and beyond.  


Step by Step process of establishing a company in IFZA 

Follow these 3-4 simple steps and you will get your IFZA company license. 

  • Choose a job position and reserve a business name for your business. 
  • Choose the business permit package (flexible office, shared office, private office) and visa type that suits your business setup. 
  • Submit a request, receive review and payment. 
  • Get a business license and apply for a residence visa. 
  • A bank account and custom registration etc.  



Contact us – Schedule a consultation with our legal experts and business consultants for assistance with various corporate freezone packages, permit prices and visa details. 


Different Types of Licenses IFZA Free zones  

Following are the main business license types available in IFZA. 

  • Counseling License – Provides professional consulting services. 
  • Service License – license to produce, copy, modify and distribute the service. 
  • Business License – Allows the license holder to trade the products specified in the business license. 
  • General Trading License – allows the license holder to trade a variety of products. 
  • Industrial License – Permission to import raw materials, production, printing, production, packaging and export. 
  • Holding License – A license to hold the assets and/or shares of another company. 



What Makes IFZA Unique Free Zone?  

IFZA, or the International Free Zone Authority, gives several features that make it an attractive preference for agencies looking to establish a presence in the United Arab Emirates (UAE). Here are a few key functions of IFZA free zones: 

  • Strategic Location: IFZA UAE is strategically located in the hub of UAE, presenting organizations with a smooth right of entry to global markets and a properly-related transportation community.
  • Wide Range of Business Activities: IFZA gives a numerous variety of commercial enterprise sports that companies can interact in, along with buying and selling, consulting, e-commerce, manufacturing, and more.
  • 100% Foreign Ownership: One of the standout capabilities of IFZA is that it permits one hundred% overseas ownership of groups. This method ensures that global traders will have full ownership in their corporations without the need for a nearby sponsor.
  • Tax Benefits: IFZA provides appealing tax advantages to agencies. Companies working in IFZA are exempt from corporate and personal earnings taxes, import and export duties, and capital earnings taxes. This can extensively enhance the profitability and competitiveness of businesses.
  • Easy Company Setup: Setting up a business enterprise in IFZA is a streamlined and efficient method. It provides a person-friendly online portal in which companies can do the registration and licensing strategies rapidly without any difficulty.
  • Infrastructure: IFZA boasts modern-day infrastructure and international-class centers, which includes workplace spaces, warehouses, and logistics centers. These facilities are designed to meet the precise goals of several industries. 



What Makes IFZA Unique Among Others? 

What sets IFZA aside from different free-zones inside the UAE is its attention on innovation driven industries. IFZA places a sturdy emphasis on supporting groups in sectors such as technology, e-trade, artificial intelligence, blockchain, and more. This forward technique positions IFZA as a hub for modern-day industries and attracts corporations which can be at the vanguard of technological advancements. 

Furthermore, IFZA gives competitive pricing and packages tailor-made to the precise requirements of businesses. The free-zone also offers legal, administrative, and commercial enterprise consultancy offerings, to assist companies during their journey. 


Company Liquidation in IFZA 

IFZA, which stands for International Free Zone Authority, is a distinguished vicinity inside the United Arab Emirates (UAE) that offers a huge range of agency opportunities for marketers and corporations. However, there can be instances wherein a company running in IFZA needs to undergo the method of liquidation. Liquidation of an employer is the legalized approach of finishing a company’s affairs and distributing its belongings to creditors and shareholders. 


Step-By-Step Method of Company Closing in IFZA 

The step-by using method of liquidation in IFZA includes several key steps.  

  • Firstly, the company needs to hire a liquidator who will oversee the whole system. The liquidator can be an individual or a professional firm with information on organization liquidation. 
  • The subsequent step is to convene an assembly of the business organization’s shareholders to pass a resolution for the voluntary liquidation of the organization. Once the resolution is surpassed, it needs to be submitted to the IFZA authorities for their approval. 
  • After acquiring approval from IFZA, the liquidator will continue with the essential felony formalities. This includes notifying all lenders, shareholders, and different relevant parties about the liquidation process. The liquidator can even submit a word in a local newspaper to inform any ability creditors. 
  • The liquidator will then conduct an intensive evaluation of the business enterprise’s economic records and belongings. They will put together an announcement of affairs, which includes a detailed list of the organization’s assets, liabilities, and exquisite debts. This assertion might be submitted to the IFZA authorities for their evaluation. 
  • Once the statement of affairs is accredited, the liquidator will proceed with the outcome of the organization’s belongings. This entails promoting off the enterprise’s assets, settling money owed, and dispensing any remaining budget to the shareholders in accordance with their entitlements. 



How will ebs Assist You? 

With a strong team of Consultants, ebs chartered accountants is one of the leading business providers of IFZA.  

ebs chartered accountants will facilitate your documentation procedures, legal compliances, and government clearances for successfully registering your company in UAE. 

  • Our Services are exclusively tailor-made to suit all your administrative and legal requirements.  
  • Our team will handle all the process of company formation and company closing in IFZA starting from document preparations to obtaining the closure certificate. 

Connect with our team right away for the best Services in IFZA. 


FAQS


Is IFZA a Great Freezone?

IFZA is considered as a freezone with various benefits for businesses.

How do I set up a Company in the UAE Freezone?

To set up an organization in a UAE Freezone, you want to follow the registration process and fulfill the requirements. 

Is IFZA designated Freezone?

Yes, IFZA is a designated free zone. 

How much Does it Cost to Setup a Company in Dubai Freezone?

The cost of setting up a company in a Dubai Freezone varies depending on several factors, such as the type of business and the specific free zone chosen. 

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