Question 1

Q-1. Can I upgrade or change my business license type in IFZA later?

Accepted Answer

IFZA (International Free Zone Authority) is a leading Free Zone in Dubai that offers cost-effective and streamlined business setup. Known for its investor-friendly approach, it allows full foreign ownership, flexible license options, and minimal documentation, making it ideal for startups and international businesses.

Question 2

Q-2. How much does it cost to set up a business in IFZA?

Accepted Answer

Business setup in IFZA typically starts from AED 12,000 to AED 15,000 for a license without visa eligibility. Packages that include visas or office space can range from AED 16,000 to AED 25,000+, depending on your needs, license type, and number of visa allocations.

Question 3

Q-3. How long does it take to get an IFZA license?

Accepted Answer

It usually takes 2 to 5 working days to get your IFZA license after submitting all required documents and paying the setup fee. The process is efficient and can often be completed remotely with digital submissions and approvals.

Question 4

Q-4. Can I own 100% of my company in IFZA?

Accepted Answer

Yes, IFZA allows 100% foreign ownership without needing a local Emirati sponsor or partner. This gives international entrepreneurs and investors full control over their business, profits, and operational decisions.

Question 5

Q-5. Do IFZA companies pay company tax in the UAE?

Accepted Answer

IFZA companies can qualify for 0% corporate tax if they meet Free Zone conditions and are considered "Qualifying Free Zone Persons." However, all companies must register for corporate tax and maintain annual audited financial reports to stay compliant.

Question 6

Q-6. What types of businesses can I set up in IFZA?

Accepted Answer

IFZA supports a wide range of business activities such as consultancy, trading, e-commerce, media, education, logistics, and service-based businesses. You can even combine multiple business activities under a single license, subject to approval.

Question 7

Q-7. Do I have to be in the UAE to set up an IFZA company?

Accepted Answer

No, physical presence is not required. You can complete the IFZA business setup process remotely through authorized agents. All documentation, payment, and approvals can be handled online, making it convenient for overseas entrepreneurs.

Question 8

Q-8. What papers do I need for the IFZA company setup?

Accepted Answer

You’ll need passport copies, passport-size photos, residence/visa copy (if any), and proof of address. For corporate shareholders, you must submit incorporation documents, a board resolution, the Memorandum of Association (MOA), and shareholder authorization.

Question 9

Q-9. What do I need to do after I get my IFZA license?

Accepted Answer

After setup, you must renew your license annually, file for VAT if eligible, comply with Corporate Tax, submit Economic Substance (ESR) reports if applicable, and from 2025 onwards, file audited financial statements through a registered audit firm.

Question 10

Q-10. Is IFZA in Motor City?

Accepted Answer

No, IFZA’s official headquarters is in Dubai Silicon Oasis (DSO). However, some partner service centers or agents may operate from Motor City. All business licensing and regulatory processes are handled through the DSO head office or online portals.

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