International Free Zone Authority- Things You Must Know About IFZA
The IFZA free zone is an investment hub that offers a diverse list of 1000 activities. This is a cost-effective and convenient way to open a business, but it requires in-depth knowledge of UAE laws and regulations. In this step-by-step guide, you’ll learn how to get your IFZA license and start your business. Here’s how:
IFZA free zone is a leading investment hub:
International Free Zone Authority, IFZA, is a premier free zone in the UAE. Located near the Port of Fujairah, IFZA is fast becoming a leading investment hub, as it offers high quality and customized approach to business development and services. IFZA has various advantages, including access to major shipping routes, an international airport, and easy access to all major ports worldwide. IFZA has over 100 business activities, including manufacturing, design, information technology, logistics, food and beverage, and marketing.
It offers a long list of 1000 activities:
The IFZA business license offers a wide range of activities you can conduct as a licensed entity. You can choose from 17 products and services or go for the more expensive option of a business license that allows you to conduct as many activities as you like. This license also allows you to open a bank account. In addition, if you have more than six shareholders, you can purchase a license that offers more than six Visa allocations.
It is affordable:
An IFZA business license is required for certain businesses, such as those importing raw materials and manufacturing specific commodities. Industrial and professional licensing is also necessary for certain types of businesses. A consultancy license, for example, gives you legal permission to provide expert consultancy services to other businesses or professionals. A service license covers a variety of business activities, such as manufacturing, transportation, and consultation services. The cost of an IFZA license varies depending on the type of business you have and what you intend to do.
It requires in-depth knowledge of UAE laws:
If you plan to start a business in the UAE, you need to thoroughly know the local laws and regulations. There are three types of business licenses available for registration: the Commercial License, the Industrial License, and the Professional License. The Commercial License is what you will need if you plan to conduct any import or export activity. It is also necessary to sell, store, or distribute products. An Industrial License will allow you to establish a branch office outside the UAE.