The guide for IFZA activities lists different opportunities for traders to invest in and set up their business in the UAE. The International Free Zones Authority (IFZA) is a well known name for business potential due to its strategic site and trade-friendly atmosphere.
IFZA presents various license activities for investors and companies who aim to set up and develop their enterprise in this free zone. This is a central hub in Dubai renowned globally for entrepreneurs to explore business activities and finance. This golden chance given by this distinguished free zone authority. Now we will discuss in detail the steps to succeed within IFZA.
What is IFZA?
IFZA symbolizes the International Free Zones Authority. The Emirates government started this zone in order to help foreign traders and companies to establish their companies in this area.
It is an internationally famous hub built to encourage traders and companies from various sectors. As a result, this ideal location acts as a primary hub for traders eager to engage in different Ifza activities.
On top of its strategic position, IFZA promotes invention, teamwork and industrial development. Along with its large-scale trade activities, IFZA helps new and well-established firms, offering them abundant chances to prevail and succeed.
Benefits of Selecting IFZA Business Activities
Here are some of the benefits of opening a company and choosing IFZA activities:
IFZA is a distinguished free zone among other zones due to its economical business establishment choices. IFZA’s plan of work is cost-effective, when considering the charges of getting a license as compared to obtaining Dubai’s residency visa.
In order to invite promising businesses, the free zone often launches special deals. Generally, the registration bundle encompasses three IFZA business activities. The IFZA grant distinctive licenses for IFZA activities, some of which are:
- Trading Licenses
- General trading licenses
- Consultancy licenses
- Holding company licenses
For all license types, the free zone provides a standard pricing system which makes the process of analyzing different procedures trouble-free.
IFZA License Activities
Now we will discuss several IFZA license activities, given by the free zone authority, which helps traders to consider different investment opportunities. These activities are at the top of IFZA business activities list, every single one of these help investors to shine in the thriving IFZA activity domain.
International Trade
Due to its prime location, IFZA is a dream place for investors and traders to trade their products. Having a commercial license helps investors to approach the international market. Which makes international trade an important part of IFZA business activities.
Licensed Consulting Services
For proprietors working with licensed consulting services, IFZA service license is an ideal option. Consulting services are an important part of IFZA business activity list, because it helps boost companies in different areas.
Virtual Trading and E-commerce
Due to the growing online retail outlets, IFZA presents specific licenses for proprietors involved in the online domain. If they are running online retail marketplaces or offering Digital Marketing Services and e-commerce consultancy, entrepreneurs can seize the opportunities within the flourishing e-commerce sector with IFZA’s help.
Supply chain Logistics and Ware-house activities:
Dubai is an ideal center for supply chain logistics and warehousing endeavors due to its excellent supply chain facilities and favorable geographical position. IFZA allows entrepreneurs to develop their logistics and warehousing activities and strengthen their productivity, by facilitating entrance to airports, main ports and various transit systems. IFZA licenses allow investors to start supply chain companies, cargo firms, warehouses, opening the door to local and International Trade.
Production and Industrial Endeavors
With the help of personalized IFZA licenses the investors can set up manufacturing and industrial firms. They can start up new industrial units, assembly workshops to mass produce a variety of commodities, which include hardware, electronic goods, textiles, and edibles. With the advantage of the latest infrastructure and extensive logistical assistance, IFZA free zones allow traders to promote inventions which help with industrial development.
Virtual Workspace Services
Entrepreneurs at IFZA can offer businesses virtual office services, taking advantage of Smart Desk and Flexi Office options from the IFZA business activity list, which are accommodative and low-cost, meeting the requirements of modern businesses.
Options of Licenses Available at IFZA
Securing a license at IFZA is one of the important steps for a startup business. Below we will discuss some of the available licenses:
License for General Trading
The best way to take advantage of IFZA activities is by getting a general trading license. This license will permit you to trade, supply and do trade internationally.
With the help of this license the traders can sell electronic and household goods in Dubai.
In order to get a general trading license in IFZA, companies are obliged to submit proof of financial wellbeing, getting at least two shareholders, and minimal funds of AED 300,000. Moreover, there must be a workplace in the UAE’s free zone, where the company operates.
License for Consulting Services
If you want to establish a business providing Accounting Services in the UAE, you’ll need a consulting services license. IFZA free zone provides this license and it will allow you to operate in occupations within the business sector like auditing and marketing.
IFZA Service License
IFZA service license provides companies with various benefits, from launching a business setup and registering it in the free zone, opening a foreign bank account and getting a license for specialized services. Also, businesses can get a trading license and residence in the UAE.
The IFZA Service License offers assistance for companies to stick to UAE’s rules and regulations. It also involves obtaining tax guidance, licenses and entry to a network of retailers and partners.
License for Trade
In Dubai, an IFZA trade license is issued by IFZA free zones, which allows companies to work within the free zone. The companies working in this area get 100% international ownership and tax relief.
This license is legitimate for one year and can be renewed once a year. Getting this license allows the companies to thrive in Dubai’s business accommodating domain.
Final Words!
To wrap up, the guide for IFZA activity list is a great option for traders and companies to start their business ventures in the UAE. This is a vibrant free zone which provides various business adventures, including trading, consulting services, e-business or supply chain management. IFZA is an ideal choice of traders who want to explore the business world and expand their business.
If you want to start your business journey, explore the distinct domain of IFZA activities. Select the license that suits you best and take advantage of the endless possibilities presented by this vigorous free zone.
