Are you looking for a good place to start your business? Consider the United Arab Emirates with its highly diversified economy, modern infrastructure, and a stable currency pegged to the US dollar. And our experts at Offshore Pro Group will help you with company formation in the UAE’s free zone known as IFZA (International Free Zone Authority).
Mind that company formation is possible without your personal visit to the UAE! You will only need a copy of your passport for IFZA company registration.
The minimum cost of UAE company formation is USD 6,225 (including the cost of our services and a minimum license required to conduct business).
Company formation can be completed remotely even if the person has not previously been to the UAE (however, in this case, the shareholder will need to fly to the Emirates so that your company could receive a migration card and subsequently open UAE visas).
Peculiarities of Company Formation in IFZA Free Zone, UAE
IFZA, located in the heart of the Emirate of Fujairah, was created to become a leading investment center in the prosperous economy of the UAE.
IFZA free zone offers a highly customized approach combined with efficient international service standards and cost-effective solutions. IFZA’s goal is to help the client on his way to success in business.
Advantages of Opting for Fujairah Company Formation in IFZA Free Zone
- Cost-effective business registration solutions
- Fast and easy Fujairah company formation and management
- A wide and comprehensive range of available business activities, including such areas as consulting, service, and trading
- Foreigners are allowed to own 100% of the UAE company
- Business owners are not required to be physically present during the company formation process
- UAE companies have limited liability
- 100% corporate and income tax exemption
- No currency restrictions
- A possibility of full repatriation of company profits and capital
- Low Fujairah company formation costs
- No requirement to have a physical office
- No requirement for share capital
- A possibility of holding company formation
- No requirements for annual audit report
Infrastructure Available to Entrepreneurs that Register a Company in the IFZA Free Zone of the UAE
You can choose from a wide range of modern office solutions specifically tailored to your needs. Shared, standard, and large offices are available for rent. Here are some characteristics of the working spaces in the UAE that you will appreciate:
- European design
- Modern open interiors with plenty of natural light
- Flexible use of offices
- Flexible rental duration
- 24-hour access
Warehouses are built according to the highest international logistics standards. Customers will get:
- Buildings of different sizes
- Flexible rental duration
- 24-hour access
Enjoy a wide range of stylish, comfortable, and modern residential options that offer a quiet comfortable stay, as well as:
- A high level of interior design
- Modern European style
- Use of hotel amenities
You can plan your stay in a world-famous 5-star hotel with modern amenities:
- Rooms and suites with an area ranging between 35 and 250 square meters
- A fully equipped business center
- International restaurants and catering service
- Gym, swimming pool, spa
You can use high-quality and spacious trading pavilions with:
- Large showcases
- Easy access
- High-quality common areas
- Round-the-clock security service
Activities Available to an IFZA Company Registered in the UAE
An IFZA company registered in the UAE is required to obtain a license for certain activities. One license may cover absolutely different activities.
The IFZA free zone provides several license options suitable for small local companies and large international businesses alike.
It allows business professionals to provide expert and professional consultancy services in all areas.
It allows service providers to produce, reproduce, transform, and distribute services. The Service License authorizes the provision of services as the primary purpose of the business and permits the use of related goods for the provision of those services.
It allows the import, export, distribution, and storage of goods specified in the license.
General Trading License
This license allows the Fujairah company to trade in any product that is authorized in the UAE.
This license allows the Fujairah company to import raw materials, produce, process, package, and then export the specified products.
License for Holding Activities
This license allows you to own individual assets and/or shares in other companies. Holding companies are generally used to own other companies and organizations, property and real estate, shares, assets, trademarks, and patents.
The following activities are available:
Designations: C – consultancy license, S – service license, T – trading license.
|Activity No.||Activity||License type|
|1||Accounting & Bookkeeping||C|
|5||Commercial Brokers Consultancy||C|
|8||Events Organizing and Management Consultancy||C|
|9||Fashion Designing Consultancy||C|
|10||Hotel Management Consultancy||C|
|11||Human Resources Consultancy||C|
|13||Information Technology Consultancy||C|
|15||Interior Design Consultancy||C|
|17||Legal Advice (IFZA management pre-approval required)||C|
|22||Project Management Consultancy||C|
|23||Public Relations Management Consultancy||C|
|24||Sports Management Consultancy||C|
|26||Tourism & Recreation Consultancy||C|
|27||Activities of Holding Companies||S|
|28||Other Booking Services and Related Activities||S|
|30||Landscape Maintenance Activities||S|
|31||Administrative and Supporting Activities||S|
|32||Organization of Congresses and Trade Shows||S|
|33||Other Types of Education||S|
|34||Education Support Activities||S|
|35||Other Health Activities||S|
|36||Creative, Artistic, and Entertainment Activities||S|
|38||Entertainment & Recreation Activities||S|
|39||Activities of Membership Organizations||S|
|40||Computers and Telecommunications Equipment Repair||S|
|41||Personal and Household Items Repair||S|
|42||Other Specialized Construction Works||S|
|44||Sale, Maintenance, and Repair of Vehicles and Related Parts||S|
|45||Repair of Finished Metal Products, Machinery, and Other Equipment||S|
|46||Industrial Machines and Equipment Installation||S|
|47||Electrical, Plumbing, and Other Construction and Installation Works||S|
|48||Organization of Catering Events and Other Catering Services||S|
|49||Computer Systems, Software Development and Publication||S|
|50||Printing and Related Activities||S|
|51||Computer Programming Activities||S|
|52||Computer Consultancy and Management Activities||S|
|53||Other Activities in the Field of Information Technology and Computer Services||S|
|54||Data Processing, Hosting, and Related Activities||S|
|55||Web Portal Activities||S|
|56||Activities to Support Financial Activities, Except Insurance and Pension||S|
|57||Corporate Service Provider||S|
|58||Real Estate Activities on a Paid or Contractual Basis||S|
|59||Accounting & BookkeepingTax Consultancy||S|
|60||Architecture, Engineering Survey, and Technical Consultancy in this Field||S|
|61||Technical Testing and Analysis||S|
|62||Research and Development in Natural and Technical Sciences||S|
|63||Research and Experimental Development in Social Sciences and Humanities||S|
|64||Market Research and Opinion Polls||S|
|65||Specialized Project Activities||S|
|67||Renting and Leasing of Machinery, Equipment, and Tangible Assets||S|
|68||Lease of Intellectual Property and Similar Products, Excluding Copyrighted Works||S|
|69||Activities of Employment Agencies||S|
|70||General Trading – Non-Specialized Wholesale||T|
|71||Advertising Requisites Trading||T|
|72||Aircraft Spare Parts & Components Trading||T|
|73||Automobiles, Auto Spare Parts, Components & Accessories Trading||T|
|74||Steel & Non-Ferrous Metal Products Trading||T|
|75||Building Materials, Construction Equipment and Machinery Trading||T|
|76||Computer Software & Computer Equipment Trading||T|
|78||Electronics & Electrical Products Trading||T|
|79||Foodstuff & Beverages Trading||T|
|80||Gifts & Innovations Trading||T|
|81||Spare Parts for Heavy & Special Equipment Trading||T|
|82||Home Furniture Trading||T|
|83||Industrial Equipment and Spare Parts Trading||T|
|84||Jewelry, Pearls, Precious Stones, and Non-Production Precious Metals Trading||T|
|85||Medical & Surgical Equipment and Instruments Trading||T|
|87||Perfumes & Cosmetics Trading||T|
|88||Equipment for Electricity Production, Transmission, and Distribution Trading||T|
|89||Raw Materials Trading||T|
|90||Ships & Boats Trading||T|
|91||Telecommunications Equipment Trading||T|
|92||Clothing & Footwear Wholesale Trading||T|
|94||Plastic Materials Trading||T|
|95||Scrap & Metal Waste Trading||T|
|96||Recyclable Material Trading||T|
|97||Wholesale on a Fee or Contractual Basis||T|
|98||Wholesale of Foodstuff, Beverages, and Tobacco Products||T|
|99||Wholesale of Textiles, Clothing, and Footwear||T|
|100||Wholesale of Household Goods||T|
|101||Wholesale Trade in the Wholesale Market of Machinery, Equipment, and Consumables||T|
|102||Wholesale Trade in Computers, Peripheral Computer Equipment, and Software||T|
|103||wholesale trade in Electronic and Telecommunication Equipment and its Parts||T|
|104||Wholesale Trade in Agricultural Machinery, Equipment, and Accessories||T|
|105||Wholesale Trade in Metals and Metal Ores||T|
|106||Wholesale Trade in Construction Materials, Hardware, Plumbing and Heating Equipment||T|
|107||Other Specialized Wholesale Trade||T|
|108||E-commerce (Retail Sale by Mail or Online)||T|
Rules and requirements for IFZA company formation in the UAE
The process of UAE company formation in the IFZA free zone begins after the applicant completes and submits the relevant application form and pays the required fees.
The application for UAE company formation in the IFZA free zone may be turned down in some rare cases. If the reason for such refusal is connected with the applicant, one of the Fujairah company shareholders or managers (including the cases when such a person is turned down by the relevant UAE authorities for security reasons), any fees paid by the applicant to the IFZA Department for the Establishment Card and the E-Channel subscription shall be reimbursed to the applicant by the IFZA Department. No other fees paid by the applicant to the IFZA Department will be refunded.
The IFZA Department (responsible for the establishment, registration, and regulation of IFZA companies) has the right to request any additional documentation, information, and (or) clarifications from the applicants that may be required from time to time.
By signing the Fujairah Company Registration Terms, the applicants warrant that they are not involved in any illegal activity, money laundering, or any other illegal or immoral activity that could in any way adversely affect the reputation of IFZA, the Government of the Emirate of Fujairah, or the reputation of the United Arab Emirates as a whole.
The application for UAE company formation in the IFZA free zone is approved at IFZA’s sole discretion.
IFZA free zone reserves the right at any time to turn down any application or require a guarantee or any other type of document from any applicant.
Any IFZA company is only allowed to engage in business activities consistent with its licenses.
Companies that violate this condition and conduct their operations in a manner inconsistent with their license and/or applicable rules and regulations may be subject to penalties.
Any IFZA company may be canceled and deregistered at any time by the resolution of shareholders and IFZA approval.
IFZA will only grant such approval and deregister the Fujairah company if all applicable requirements have been met and there are no monetary obligations to IFZA or third parties.
IFZA free zone shall reimburse license or other fees if such application for cancellation and deregistration has been made after the issuance of the license and/or during its validity term.
If the license is not renewed within a maximum period of 30 days upon its expiration, a fine may be imposed on the Fujairah company.
Companies registered in IFZA free zone may conduct their business within IFZA or elsewhere in accordance with applicable laws and regulations.
The following rules apply if the Fujairah company has the right to issue UAE resident visas, which depends on the selected license package.
The UAE visa rules and regulations may be amended from time to time by the relevant UAE and Fujairah authorities.
The Fujairah company must have an Establishment card and an E-Channel subscription in order to apply for a UAE residence visa. Applicable fees for the Establishment card and E-Channel subscription (as well as for the visa itself) are payable in IFZA. The E-Channel subscription allows IFZA free zone to apply for UAE visas online on behalf of the Fujairah company.
Thus, any IFZA company is required to renew the Establishment card and E-Channel subscription before their expiry to be able to apply for visas and ensure that employee and/or investor visas remain valid.
Failure to do so will result in a fine determined by the Emirate of Fujairah’s migration authorities.
UAE resident visas issued by the Emirate of Fujairah Migration Service through the IFZA free zone are valid for the duration of the applicable license package selected for the company.
Any IFZA company is responsible for ensuring that employees have valid UAE resident visas and that these visas are renewed or canceled in a timely manner.
The IFZA free zone will not be held responsible if a Fujairah company employee exceeds the period of stay authorized by his/her visa. Also, IFZA will not be liable for any fines imposed by the migration authorities in the Emirate of Fujairah as a result of visa terms violation.
The IFZA free zone bears no responsibility if a visa is denied by the migration authorities of the Emirate of Fujairah.
IFZA is not allowed to exceed the number of UAE visas provided under the selected license package.
All licensees are responsible for settling their financial obligations with their employees (wages, allowances, vacation time, etc.) under the employment contract with such employees to be entered into in accordance with the UAE employment laws.
The Cost of UAE Company Formation in IFZA Free Zone
Trading, consultancy and service licenses
|Number of available UAE resident visas||Fee|
|Zero Visa License||AED 11,500 (USD 3,134)|
|License with 1 Visa Quota||AED 15,700 (USD 4,278)|
|License with 2 Visa Quota||AED 17,900 (USD 4,877)|
|License with 3 Visa Quota||AED 19,700 (USD 5,368)|
|License with 4 Visa Quota||AED 21,300 (USD 5,804)|
|License with 5 Visa Quota||AED 22,900 (USD 6,240)|
|License with 6 Visa Quota||AED 24,700 (USD 6,730)|
Other services related to company formation in IFZA free zone
Service Cost Holding company AED 9,500 (USD 2,589) Additional business activity AED 1,000 (USD 272) Office rental contract Included in all licenses License pre-approval (for each shareholder). Available to all shareholders. If the approval is received and the shareholder decides to proceed with the Fujairah company registration within 10 business days, the payment will be deducted from the selected package of trading licenses. The payment will not be refunded if the license is not approved. License pre-approval does not guarantee approval/issuance of a UAE resident visa. AED 300 (USD 81.74) Additional shareholder. 3 shareholders are included in the license. The maximum number of shareholders is 10. AED 350 (USD 95.36) License for 2 years 15% off your license cost License for 3 years 25% off your license cost License for 5 years 30% off your license cost Establishment card for 1 year AED 675 (USD 184) Establishment card for 3 years AED 1,500 (USD 409) UAE Resident Visa for 3 years AED 3,750 (USD 1,022) E-Channel registration fee AED 2,200 (USD 599) E-Channel refundable deposit AED 5,000 (USD 1,362) Visa status change AED 800 (USD 218) Medical test. Medical test and Emirates ID fees are paid directly at the medical center during the medical test. A medical VIP package (including a medical test and Emirates ID) is available from IFZA free zone in Fujairah for AED 950 (USD 259). AED 300 (USD 81.74) Emirates ID AED 370 (USD 101) Visa cancellation AED 500 (USD 136) Establishment card cancellation AED 250 (USD 68.11) E-Channel renewal (required annually starting from the second year) AED 1,100 (USD 300) Making changes to the license. You can make changes to the license free of charge when you are renewing it. The cost of upgrading or downgrading the license is the difference in the cost of the packages, plus a fee of AED 2,000 (USD 545) for changes. AED 2,000 (USD 545) License cancellation AED 2,000 (USD 545) Reissuance of Fujairah company documents. A fee is charged per document after providing a police report to confirm the loss of documents. AED 400 (USD 109) Refund of a license fee. It is possible in case of the Fujairah company’s license and/or Establishment card refusal. Available for a maximum of 30 days after the initial address. 80% of the license fee Refund of visa fee. Possible only if the visa is refused. AED 1,000 (USD 272) Penalty for late license renewal. It applies after the 30-day grace period. When it ends, AED 100 (USD 27.24) per month is charged for each next month. AED 1,000 (USD 272) Penalty for late renewal of the Establishment card. It applies after the 30-day grace period. When it ends, AED 100 (USD 27.24) per month is charged for each next month. AED 1,000 (USD 272)
Cost of our services
|Assistance in the UAE company formation in IFZA free zone||From USD 2,200 (AED 8,000)|
|An additional fee for branch or subsidiary registration||USD 822 (AED 3,000)|
|Assistance in the annual Fujairah company renewal||USD 1,100 (AED 4,000)|
|Assistance in amendment of the Fujairah company’s constituent documents||USD 1,370 (AED 5,000)|
|Assistance in the Fujairah company closing||From USD 2,740 (AED 10,000)|
Documents Required for UAE Company Formation in IFZA Free Zone
If the shareholder is a natural person:
- A clear color copy of the passport (all 4 corners of the passport must be visible)
- Passport size photo. Provide a color photo with a person dressed in dark clothes against a white background. The head and shoulders should be in the frame. No jewelry or glasses are allowed. The teeth should not be visible in the photo
- Application for UAE company formation in IFZA. The client’s signature is required on each page
- Terms and conditions signed by the client
If the shareholder is a legal entity:
- A certified copy of the constituent documents (in English)
- Articles and Memorandum of Association which specify the owner of the Fujairah company shares (certified copy)
- The decision made by the Board of Directors of the parent company on Fujairah company formation in the IFZA free zone
- Clear color copies of all shareholders’ passports (all 4 corners of the passport must be visible)
- Passport size photos of all shareholders. Provide a color photo with people dressed in dark clothes against a white background. The head and shoulders should be in the frame. No jewelry or glasses are allowed. The teeth should not be visible in the photo.
How to Start the Process of UAE Company Formation in IFZA Free Zone?
IFZA company formation is possible without your personal visit to the UAE!
To launch the Fujairah company formation process, please email us at firstname.lastname@example.org, and our experts will provide you with professional advice on starting a business in the UAE.
After that, you will have to pay for our assistance in Fujairah company formation in IFZA free zone. Payment can be made by bank card, via WebMoney or Western Union systems, by bank transaction, or using cryptocurrencies.
The cost of the Fujairah company formation starts from USD 6,225.
This amount does not include the fee for the Fujairah company’s license and UAE resident visas (if required), or the cost of any related services.
As soon as we receive payment, our specialists will immediately start collecting the documents required for your Fujairah company formation.
If necessary, we will also assist with opening a bank account in the UAE for your Fujairah company.
Features of Fujairah company formation in the IFZA free zone, UAE
Remote Fujairah company formation is possible.
In the UAE, the company can be opened either outside or within a free economic zone.
IFZA free zone is located in the Emirate of Fujairah.
Foreigners can own 100% of the Fujairah company.
No taxes are payable in this area.
There are no restrictions on the repatriation of capital and profits.
There are no currency restrictions.
No need to rent a physical office for your Fujairah company.
A possibility of holding company formation.
What infrastructure is available when a UAE company is registered in the IFZA free zone?
When a UAE company is registered in IFZA free zone, you will be able to rent shared, standard, or large offices. In addition, warehouses, residential apartments, and shopping pavilions will be available for rent. There is also a 5-star hotel for your convenience.
UAE resident visas for entrepreneurs that register a UAE company in the IFZA free zone
As soon as the UAE company formation in IFZA free zone is completed, you will be able to apply for resident visas for yourself, your family members, and for the company’s employees.