International Free Zone Authority (IFZA)
The International Free Zone Authority (IFZA) is a premier investment hub in Ras Al Khaimah, United Arab Emirates. Partnered with Ras Al Khaimah Silicon Oasis Authority, IFZA provides highly tailored company formation packages designed for entrepreneurs. With affordable setup options, international service standards, and top-tier facilities, IFZA is a preferred choice for establishing a free zone company.
IFZA Ras Al Khaimah offers competitive company license packages to meet diverse business needs. The cost of setting up a company in IFZA starts at AED 12,900 for a zero visa quota, while a three-year business license is available for AED 43,470, making it one of the most cost-effective solutions in Ras Al Khaimah.
Key advantages attracting foreign investors to IFZA include 100% foreign ownership, full profit repatriation, world-class infrastructure, and numerous other investor-friendly benefits.
Company Formation in IFZA Ras Al Khaimah
Setting up a company in IFZA Ras Al Khaimah is a straightforward and efficient process. To ensure a smooth and hassle-free experience, it is advisable to work with a Registered Agent like Shamal Typing and Documents Clearing. Their team of experts will provide guidance and support throughout the entire company formation process and beyond.
Shamal Typing and Documents Clearing assists in selecting the most suitable business package at a competitive price, helping you establish your ideal company in Ras Al Khaimah. Many foreign investors opt for IFZA company setup as a preferred choice for launching their startups.
The IFZA Freezone offers a range of facilities, including offices, warehouses, residential apartments, hotels, and retail outlets. Additionally, various license options are available, such as Consultancy, Service, Trading, General Trading, Industrial, and Holding Licenses, catering to businesses of all sizes, from local startups to large multinational corporations.
Step-by-Step Process for Company Formation in IFZA
By following these simple steps, you can obtain an IFZA company license:
- Consult with Optima Business – Schedule a call with an expert legal and business consultant to explore Free Zone company formation packages, license costs, and visa details.
- Select a Business Activity & Reserve a Trade Name – Choose the right business activity and register your trade name.
- Choose a Business License Package – Select from Flexi-Office, Shared Office, or Exclusive Office options and determine the required visa quota.
- Submit Documents & Make Payment – Provide the necessary documents for review and complete the payment process.
- Obtain the Company License & Residence Visa – Receive your company license and proceed with visa applications.
- Open a Corporate Bank Account & Obtain Clearances – Apply for a business bank account and other necessary approvals, such as customs registration.
The setup and trade license costs for an IFZA FreeZone company
In Ras Al Khaimah, IFZA provides affordable business establishment options. The cost of a business license based on the visa quota is shown in the table below.
The Cost of a One-Year License for Trading, Consulting, and Services
| LICENSE PACKAGES (1 YEAR LICENSE) | Standard Fee |
|---|---|
| Zero Visa – Commercial License | AED 12,900 |
| License with 1 Visa Quota | AED 14,900 |
| License with 2 Visa Quota | AED 16,900 |
| License with 3 Visa Quota | AED 18,900 |
| License with 4 Visa Quota | AED 20,900 |
IFZA FREEZONE COMPANY ESTABLISHMENT CARD & VISA FEES
| Fee in AED | |
|---|---|
| Establishment Card (1 years) | AED 2,000 |
| Resident Visa (2 years) | AED 3,750 |
| Medical test | AED 870 |
| Emirates ID | AED 370 |
| Medical Insurance Fee | AED 992 |
LICENSE CATEGORIES AVAILABLE AT INTERNATIONAL FREE ZONE AUTHORITY (IFZA)
IFZA provides several types of business licenses, including:
- Consultancy License – Permits professionals to offer expert consulting services.
- Service License – Allows the production, transformation, and distribution of services.
- Trading License – Authorizes the trade of specified products listed on the license.
- General Trading License – Grants permission to trade a broader range of products.
- Industrial License – Enables importing raw materials, manufacturing, packaging, and exporting goods.
- Holding License – Facilitates asset management and ownership of shares in other companies.
BENEFITS OF SETTING UP A COMPANY IN IFZA
Establishing a business in IFZA offers various advantages, including:
- Collaboration with Ras Al Khaimah Silicon Oasis Authority
- Affordable business setup packages starting at AED 12,900
- Special discounts for a three-year license
- Quick and straightforward company incorporation
- Custom office solutions like Flexi Desk and Executive Office
- Diverse business activities, including consultancy, services, and trading
- No mandatory physical presence of shareholders
- No requirement for a physical office or proof of share capital
- 100% corporate and income tax exemption
- Full foreign ownership
- No foreign currency restrictions
- Complete repatriation of profits and capital
- Option to establish holding companies
WHAT MAKES IFZA A DISTINCTIVE FREE ZONE?
IFZA stands out due to the following features:
- No annual audit submission required
- Two-year visas available for business owners and employees
- No need for an employee guarantee deposit
- Only a passport copy is required for setup
- Owners do not need to be physically present for registration
- No mandatory office space requirement
- Corporate and income tax exemptions
- 100% profit repatriation
PROFESSIONAL SERVICES (PRO) IN IFZA
Our dedicated PRO agents assist with every step of company formation, visa processing, and legal documentation, ensuring a hassle-free business setup. Shamal Typing and Documents Clearing offers competitive PRO services to facilitate smooth company incorporation at IFZA.
PRO SERVICES PACKAGE IN IFZA DUBAI
Optima Business provides fast and efficient document clearing and corporate PRO services, covering:
- Labor Establishment Card processing
- Work permits for employees
- Trade license amendments, cancellations, and renewals
- Residence visas for employees and investors
- Emirates ID processing, medical tests, and visa stamping
- Trade name registration and modifications
- Legal attestation, document clearing, and notary services
- Typing services for work permits and labor cards
- Drafting of Memorandum and Articles of Association
- Tenancy contract and Ejari registration
- And much more…
COMPANY LIQUIDATION IN IFZA
Closing a business in IFZA is a structured process designed to protect shareholders and ensure compliance. Companies must renew their licenses annually, but in cases of unforeseen circumstances or business losses, liquidation is necessary.
STEPS FOR COMPANY CLOSURE IN IFZA
The procedure for company liquidation involves:
- Submitting a board resolution confirming approval of liquidation by all shareholders.
- Filing a company closure request at least one month before trade license cancellation.
- Providing the board resolution and company documents to the Free Zone.
- Cancelling all employee visas and settling outstanding fees with IFZA and third parties.
- Clearing payments with suppliers and business partners before closure.
- Submitting an auditor’s liquidation certificate and obtaining a Trade License Cancellation Certificate (with applicable fees).
- Requesting a refund from the Free Zone, if applicable.
- Receiving the official Trade License Cancellation Certificate and refund, if eligible.
Liquidation at IFZA follows a clear and well-structured process, ensuring a smooth exit strategy for investors. For more details, consult our expert business advisors today!