The Top IFZA Activity List 2023
The UAE established its first free zone in 1985 to promote business activities in the region. Since then, its economy has become one of the best in the Middle East and the world. Therefore, you will find one excellent option in performing one member of the IFZA activity list. In this article, we will explain IFZA meaning and its activities list. As a result, you will find it your top alternative to doing business in the UAE. So, begin your new journey in the Middle East after reviewing the following topics in detail: 1. What is the International Free Zone (IFZA)? It is a new day, and your Human Resources Outsourcing business is better than ever. In this sense, one team member saw online that IFZA is an excellent choice to expand your company. But what is the IFZA meaning, and why is it your best option? Indeed, IFZA stands for International Free Zone Authority. The UAE founded this free zone in 2018 to continue promoting business activities in the Emirates. Above all, you can find it as profitable as the remaining ones in Dubai and Abu Dhabi. So, your team member convinced you to expand your brand by setting up a business in IFZA. After all, your business belongs to the IFZA activity list. However, what does this free zone offer you to perform this task today? 2. The licenses you can get in IFZA The first step to setting up a business in IFZA is getting a license for it. By all odds, they are the same license that you can get for doing so in mainland Dubai. Nonetheless, which ones does the UAE offer to enter the IFZA activities list? In this sense, it is worth mentioning that the license you need will depend on the business activity you perform. Fortunately, we will help you by showing the top four in popularity. You can even use one to start a business in Meydan Free Zone. On the other hand, remember that the UAE is a strict country with several laws and regulations. Above all, they establish a license as mandatory for every member of the IFZA business activity list. Therefore, avoid setting up your business without it. Let us discuss the license you can get in IFZA today: 2.1 Consultancy License Let us imagine you want to expand your business by performing additional activities. Indeed, your team advises you to open an accounting service firm in Dubai to generate more profit. Nevertheless, what license do you need to open it in IFZA the next month? In this sense, IFZA offers you a Consultancy License. Above all, it allows you to enter business fields such as accounting or marketing. In other words, you will need one to provide Business Setup Consultant services in the International Free Zone. Unfortunately, your business goals do not involve any of these industries. After all, you could be a businessperson that enjoys the excitement of trading more. By all odds, you must go with another license if this is your specific case. 2.2 General Trading License The IFZA allows you to migrate to other business activities without problems. For instance, you will find several clients there for your PRO services. But what happens if your business goal is to import and sell goods in the UAE and the Middle East? One way to belong to the IFZA activity list is to apply for a General Trading License. Indeed, it will allow you to sell, store, import, and export goods under a single license. You can even use it to provide products to companies in the Dubai Silicon Oasis. Furthermore, your General Trading License will allow you to trade electronics and furniture in the UAE. However, you will need special permission from other authorities to work with weaponry, medical drugs, or alcohol. After all, they are goods that require special treatment. 2.3 IFZA Service License A General Trading License is perfect for opening several stores in Dubai. Nonetheless, it does not allow you to offer your services as a professional in a free zone. Therefore, what is the equivalent of a Professional License for members of the IFZA business activity list? Answering this question involves telling you that you need an IFZA Service License. Above all, it applies to businesspersons and investors conducting service-oriented businesses in the UAE. Hence, does your company provide visa services? An IFZA Service License is for you. So, you may think that the IFZA activities list only includes trading goods and providing services. However, you can find an additional activity to perform if you like working in finance. Jump to our following subject to discover it in detail. 2.4 Trade License The finance world is tremendously appealing to many businesspersons worldwide. It is why they work in places such as the New York Job Exchange or the Stock Market of mainland Abu Dhabi. Nevertheless, does this belong to the IFZA activity list? Undoubtedly, yes, it does. Most importantly, you will need a Trading License to enter this industry in the IFZA. Besides, it will allow you to sell or import one good. By all odds, it makes it different than the General Trading License we addressed before. So, we traveled across the licenses you can get to take advantage of the IFZA activity list. Nevertheless, you will also require a visa to enter the UAE and do business in Dubai or Sharjah. Thus, can you get one in the International Free Zone? 3. Can you get a Visa in the International Free Zone (IFZA)? In short, yes, you can get a Visa to perform one option of the IFZA activities list. Above all, it allows you to apply for regular visas in the UAE, including the Green Visa. But what makes applying for it in IFZA different than in the rest of the Emirates? First, the International Free Zone offers several incentives to promote visa applications. For instance, you can apply for one by paying AED 3,750 and
