Remote Company Formation in the International Free Zone Authority (UAE)

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

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Infrastructure Available to Entrepreneurs that Register a Company in the IFZA Free Zone of the UAE

Offices

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

Warehouses are built according to the highest international logistics standards. Customers will get:

• Buildings of different sizes
• Flexible rental duration
• 24-hour access

Residential apartments

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

Hotel

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

Trading pavilions

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.

Consultancy License

It allows business professionals to provide expert and professional consultancy services in all areas.

Service License

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.

Trading License

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.

Industrial License

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: 

Rules and requirements for IFZA company formation in the UAE

Companies

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. 

Visas

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

Cost of our services

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 info@qwealthreport.com, 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.