The following are the several types of licenses that IFZA Dubai issues for Free Zone Company Formation:
Professional: A license for firms that provide consulting and services.
Commercial: Import, export, storage, and distribution license.
Industrial: Permit to import raw materials, as well as manufacture and process specific items.
IFZA enables you to combine up to seven (7) activities from various licensing categories or from the same license.
Most significantly, the authorities assist investors by guaranteeing that permits are issued in four (4) days and that the firm is registered quickly. Since its inception, IFZA has provided company setup packages to meet the requirements and desires of entrepreneurs all over the world. Without having to fly to the United Arab Emirates, investors may quickly get a license and register their businesses.
The IFZA authorizes the formation of the following categories of businesses:
Limited liability company (LLC): This is a legal structure in which the company's liabilities remain its own and do not become the personal responsibilities of the shareholders (s). The responsibility of a shareholder is limited to the amount of his investment in the firm. An LLC's assets are bought in the name of the firm rather than the shareholders.
Branch: Existing businesses can open a branch in IFZA as long as the branch and the parent firm do the same thing. The identity of the branch is regarded united with the identity of the parent business for the purposes of earnings, gains, returns, costs, obligations, and liabilities.
The name 'FZCO' is suffixed to an LLC and a branch created at IFZA.