There are also no customs fees or duties – all this works according to a simplified system, which is interested in the development of business processes in the region. There is only one limitation: if the goods are intended only for the domestic market, in this case it will be necessary to pay a 5% import duty on the goods.

• Transparent and Open Business Registration:

A simplified system for company registration and licensing allows for significant time savings and a quick start to business operations.

• Banking System Access:

The ability to open corporate and personal bank accounts in UAE banks.

• Visa Options:

Various visa packages are available for business owners, their families, and employees.

• No Capital Repatriation Restrictions:

 Free movement of capital is permitted within the free zone.

• 100% Foreign Ownership:

Unlike Mainland companies, where foreign ownership is capped at 49%, IFZA free zone allows a foreigner to own the entire company share. This rule also applies to other free economic zones.

• Office Solutions:

When registering a company, there’s no need to search for office space, warehouses, or other premises independently. Upon request, options such as a virtual office, warehouse space, manufacturing space, or an office in Dubai or Fujairah can be provided. Office rental starts at AED 15,000 per year, including printer, copier, internet, and electricity services.

Types of Activities and Licenses Offered by IFZA IFZA

• Professional Activity License:

For companies providing professional consulting services.

• Commercial Trade License:

РAllows for the import, export, and trading of specific goods.

• Industrial License:

Raw industrial activities—import, manufacturing, export

• Foreign Company Branch:

A foreign company can register its branch in Dubai, with the branch’s activities required to align with those of the parent company.

IFZA offers a wide range of licenses for any type of business. Moreover, your business will be entirely free and protected from external interference.

Smart Group Consulting Middle East Smart Group Consulting Middle East holds a corporate service provider license, enabling direct client service without intermediaries and additional financial charges. SGC Middle East collaborates with UAE free economic zones and Mainland registration authorities. All business and client support is provided in Russian, allowing in-depth exploration of the intricacies of working in the UAE for entrepreneurs planning to expand into the country.