COMPANY FORMATION IN IFZA

Thanks to the amazing fusion of traditional values and modern technology, IFZA offers high quality services comparable to the most developed countries in the world. Today, hundreds of international companies and local firms of various industries, are registered on the territory of this emirate.

A foreign investor can register here a company of the following types:

• Free Zone Establishment — this type of company is suitable if there is only one individual owner.
• Free Zone Limited Liability Company — it should be selected if there are 2 or more owners. Owners may be both individuals and legal entities;
• Local Branch — a branch of a previously registered local company;
• Foreign Branch — also a branch, but of a company that was registered outside the country.

IFZA companies of such types can by 100% owned by foreign citizens without participation of local partner.

The recommended minimum authorized capital is different for each zone and can reach up to 150,000 dirhams.

The authorized capital can only be declared by the documents of the company without a requirement for mandatory payment. Due to such simplified requirements for authorized capital, Fujairah companies list is annually replenished with hundreds of companies.

The type of available licenses also depends on the free zone you select.

All licenses are issued for one year with the right to renew.

The shareholder of the company can be both an individual and a legal entity, a resident of any jurisdiction. The director of the company can be an individual with residence in any jurisdiction.

IFZA company formation ensures the investor with many advantages for business development. Firstly, it is an excellent infrastructure with a wide selection of premises and production facilities:

• Trade offices — commercial premises that can be rented for all necessary trading operations with different goods. IFZA provides full assistance to the investor in the selection and rental of premises.

• Warehouses — units of various sizes that can be leased for storage of various goods, as well as for general trade. After IFZA company registration investors can use facilities of their warehouse to become a large distribution center of any permitted goods in the region.

• Production capacities — investors can rent construction and production equipment adapted to their requirements, with an open area for production purposes. They can also use the services of contracting companies in Fujairah.

• Business Hub — hub with the huge area that meets all the needs of investors. It contains conference rooms and furnished trading offices, in addition offering a restaurant where investors can relax and make a business deal in a favorable atmosphere.

IFZA company setup allows entrepreneurs to use the port to its full potential and benefit from the geographical location of the Emirate at the crossroads of trade routes.