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Newly launched International Free Zone Authority (IFZA)

05 November, 2019 By Dhruti Thakkar

International Free Zone Authority (IFZA) is located just next to the Port of Fujairah. It is a newly setup investment hub within the thriving UAE economy. Due to its strategic location, it has easy access to all the Arabian ports and nearby the booming market of India, Pakistan and Iran. The Free Zone is also close to the Fujairah International Airport. This makes the Free Zone an ideal location for investors.

IFZA offers facilities like offices, warehouses, residential apartment, hotel and retail outlet. Moreover, as a developing Free Zone, it provides investors with the low-price package and minimum document requirement. The process of business registration is designed in a way that it is hassle free.

Benefits of setting up a business in IFZA
  • 100% exemption from corporate and income tax
  • Zero foreign currency restrictions
  • Low set-up cost
  • No minimum share capital requirement
  • 100% foreign ownership
  • Cost-effective business incorporation solution
  • Multi-access to neighboring and global markets by sea, land, and air
  • Full repatriation of capital and profits
  • No physical office requirement
  • Ability to incorporate holding company
  • Limited liability of shareholders
  • No NOC or shareholder physical presence required
Types of licenses offered by IFZA
  • Trading License:  Allows for the import, export, distribution and storage of items specified on the license.
  • Service License: Production, re-production, transformation and distribution of services.
  • General Trading License: Under this license, the company can trade a wide range of commodities permitted within the UAE.
  • Consultancy License: Providing consultancy services to business professionals across all industries.
  • Industrial License: The import of raw materials followed by production, re-production, manufacture and packaging of products and finally export.
  • Holding License: Allowing for the holding of assets and shares in other entities, this includes (but not limited to) property, stocks, trademarks, patents and assets.
Facilities Provided by IFZA
  • Office solutions

IFZA offers a wide range of modern office solutions which has

  1. European design
  2. Modern, open interiors with ample natural light
  3. Flexible usage options
  4. Flexible rental duration
  5. 24/7 access
  • Warehouse

There are also Warehouse facilities including various size options built on the highest international logistics standards.

  1. Wide range of different size warehouse
  2. Flexible rental duration
  3. 24/7 access
  • Retail outlet

Several spacious retail units are available for rent and can be operated by a select number of high-class brands.

  1. Large storefronts
  2. Easy access
  3. High-quality common areas
  4. 24/7 security
  • Residential Apartments

Elegant residential apartments will be available with the goal of offering a tranquil living environment.

  1. World-class amenities
  2. Luxurious interiors
  • Hotel

Renowned 5-star hotel brand will operate the hotel, the central oasis of the IFZA community.

  1. More number of visitors
Why set up a business in IFZA?

Apart from the above-mentioned benefits, IFZA has a lot more to offer such as low tariff rates, minimized overhead costs and short startup time. Assuming that all required documents are lawfully provided, the business license can be issued in 4-5 working days.

For any foreign investor, it may be difficult to have complete knowledge about the laws related to business setup in Fujairah free zone so one may need expert assistance from a consultant who is well versed with the registration process. We at N. R. Doshi and Partnershave a specialized team with adequate knowledge which can help you out with all formalities and register your company on time. We can manage the end-to-end process so that you can focus on business expansion while we take care of all Free Zone requirements. Contact us on incorporate@nrdoshi.ae and receive friendly advice.

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