IFZA - International Free Zone Authority logo

IFZA - International Free Zone Authority

Dubai Silicon Oasis

100% OwnershipNo Physical Presence RequiredVerified

Affordable and entrepreneur-friendly freezone in Dubai

IFZA (International Free Zone Authority) is a modern freezone in Dubai offering competitive pricing for startups and entrepreneurs. Located in Dubai Silicon Oasis, IFZA provides flexible office solutions and streamlined company formation with excellent value for money.

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Overall Score
8.1/10
Costs8.5
Regulation8.0
Banking7.5
Visa8.5

Key Benefits

100% foreign ownership
Zero corporate and income tax
No currency restrictions
100% import and export tax exemption
Full repatriation of capital and profits
Competitive licensing packages
Fast company formation (24-48 hours)
Modern office facilities
Flexible visa options
Strategic location in Dubai Silicon Oasis
Access to UAE banking system
No audit requirements for small businesses

Cost Overview

Setup Costs

AED 12,000 - AED 35,000

$3,288 - $9,589 • €3,000 - €8,750

One-time formation costs

Annual Costs

AED 15,000 - AED 30,000

$4,110 - $8,219 • €3,750 - €7,500

Recurring annual fees

Visa Costs

AED 5,000

$1,370 • €1,250

Per person/year

Office Costs

AED 8,000 - AED 25,000

$2,192 - $6,849 • €2,000 - €6,250

Annual office costs

0

Key Features

Available License Types

Trading LicenseService LicenseE-Commerce LicenseFreelance LicenseIndustrial License

Visa Options

Investor VisaEmployee VisaDependent VisaPartner Visa

Maximum Visa Quota: 50 visa(s)

Office Options

Flexi-deskHot DeskDedicated DeskPrivate OfficeVirtual Office

Physical Presence: Not Required

Tax Benefits

  • 0% Corporate Tax (with qualifying criteria)
  • 0% Personal Income Tax
  • No VAT on international transactions
  • No withholding tax
  • Tax treaty benefits

Detailed Information

Business Activities

Permitted Activities:

E-CommerceTradingConsultingIT ServicesDigital MarketingSoftware DevelopmentImport/ExportFreelancingProfessional ServicesMedia Production

Banking

Local Banks:

  • Emirates NBD
  • Mashreq Bank
  • RAKBANK
  • ADCB
  • FAB

International Banks:

  • HSBC
  • Standard Chartered
  • Citi Bank

Account Opening: 2-4 weeks

IFZA has partnerships with major UAE banks. Opening a business account typically takes 2-4 weeks with proper documentation.

Regulation

Regulatory Authority: International Free Zone Authority (IFZA)

Audit Required: Yes

Substance Requirements: Minimal substance requirements - office space and business activity records required

Customs Benefits: 0% customs duty on imports and exports within the freezone

Profit Repatriation: 100% repatriation of capital and profits with no restrictions

Ownership Structure

100% foreign ownership with single shareholder option

Min. Shareholders: 1

Min. Directors: 1

Local Partner Required: No

Office Requirements

Physical office not mandatory - virtual office and flexi-desk options available. Coworking spaces and dedicated offices offered in Dubai Silicon Oasis.