Company Formation in IFZA – International Free Zone Authority – Fujairah
Fujairah’s strategic & unique location as the UAE’s only Emirate on East Coast plays a key role in its development. Under the leadership and vision of His Highness Sheikh Hamed Bin Mohammed Al Sahrqi, the Ruler of Fujairah, the Emirates continue to grow. An amazing amalgamation of the traditional values of the East and modern technologies of the West, Fujairah offers a standard of living comparable to that of world’s most developed nations.
Based in the heart of Fujairah, IFZA is close to the Port of Fujairah and Fujairah International Airport. IFZA is set to quickly become a leading investment hub within the thriving UAE economy. International Free Zone Authority provides the business with world class amenities with virtual office license facilities. Offering a highly customized approach, coupled with efficient international service standards and cost-effective solution.
Major Benefits of Company Formation in IFZA (International Free Zone Authority – Fujairah):
- 100% foreign ownership,
- 100% repatriation of profit & capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No forex restrictions,
- No minimum share capital
- Physical presence not required
- Simple & speedy registration process
- No physical office is required
- Ability to incorporate holding companies
Characteristics of IFZA Company Setup:
Location:
International Free Zone Authority, Fujairah, (U.A.E.)
Proposed activity:
Trading/Service/Consultancy activities can be carried out in IFZA.
License available:
Industrial/Commercial trading/General trading, Holding Company & Consultancy/Service license are available options for IFZA Company Setup
Type of entities:
Limited Liability Company and Branch
Shareholder:
Shareholder for International Free Zone Authority (IFZA) Company can be Individuals or Corporate entity (maximum 10)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
No minimum share capital is required for IFZA Company Setup
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is not required to be filed with IFZA
Estimated time:
3 to 4 working days to obtain license of the company and register a company in IFZA (International Free Zone Authority – Fujairah)
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
IFZA (International Free Zone Authority – Fujairah) Company Setup Process:
- Identify the legal form of company to be registered in IFZA
- Select activity from IFZA activity list,
- Apply for name and initial approval,
- Payment of fees related to IFZA business set up,
- Sign IFZA company registration and incorporation documents,
- Apply for IFZA residence visa.
Documents Required for IFZA Company Registration:
The documents required for business set up in IFZA (International Free Zone Authority – Fujairah) depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Utility bill copy,
To know more about the complete requirements for company formation in International Free Zone Authority (IFZA) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in IFZA
IFZA Company Setup begins from AED 11,500/-
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in IFZA.
Other Notes for IFZA – International Free Zone Authority Company Formation:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every three years
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in IFZA. Our company acts as a one stop solution for IFZA company incorporation services.
If you are looking for IFZA company setup, please get in touch with us for professional assistance
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in IFZA (International Free Zone Authority – Fujairah).
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.