IFZA Business Park Overview: Everything You Need to Know Before Setting Up

What is IFZA Business Park? 

Have you ever wondered how businesses stand competitive and unique at the same time?

IFZA Business Park is a renowned free zone that offers a premier business hub. It is primarily positioned in Dubai Silicon Oasis with its further connections in other UAE Emirates combining world class infrastructure under government procedure.

IFZA Business Park assists businesses to start, operate and scale under minimal red tape with typical license issuing and quick approvals within days. One remarkable factor about IFZA Business Park is that the location supports nearly 15000 companies from over 50+ industries delivering a collaborative and networking ecosystem. 

Who is IFZA Business Park ideal for?

IFZA Business Park is best for agency business, industrial manufacturing and holding entities. Here is a quick breakdown for you to learn —

• Entrepreneurs and startups: Small teams and solo founders gain low-cost packages and flexible office criteria. 
• Agency business and SMEs: Marketing firms, IT, consultation and special services that require quick entry and a minimum of 6 visas. 
• E-Commerce and traders: Digital commerce and general trading can develop global connectivity. 
• Holding entities and investors: Holding licenses permit asset management without operational complexity. 
• Industrial and manufacturing entities: Light industrial setup offers personalized licensing. 

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License types available for business in IFZA Business Park 

One of the initial concerns is the type of license that an entrepreneur will require in IFZA Business Park. 

License type	Ideal for	Visa allocation	Starting cost in (AED)
Service license	Marketing, IT and consulting.	2-6	15,000
Trading license	E-commerce, import-export	2-6	15,000
Industrial license	Manufacturing or production	Facility based	25,000+
E-commerce license	Online retail	2-4	15,000
Holding license	Asset and investment	2-4	20,000

Our cost calculator is one of the trusted features readers do try.

Cost structure for setting up business in IFZA Business Park 

Before committing your business setup, it’s necessary to get your cost clarity.

Core costs:

• Basic license without visa: AED 12,900+
• License + visa packages: AED 14,900 to 18,000+
• Establishment card: AED 2,000 annually.

Office space:

• Flexi desk: low variable cost
• Private / Dedicated office: AED 18,000+ annually.
• Warehousing: Available for traders and logistics.

Visa & PRO fees:

• Residence visa: AED 3,750 to 4,500.
• Medical & Emirates ID: Additional administrative fees applied

Visa options available at IFZA Business Park 

IFZA Business Park offers the right visa solution for your business depending on the license type and office setup required. Here is a quick breakdown for you:

• Partner or investor visa: For business owners.
• Employee visas: For team members based on office package and quota features.
• Dependent visas: Eligible for family sponsorship. 

Note: Emirates ID, medical test and standard approvals for smooth compliance and residency services provide visas typically with a span of 2 years validity. 

Office rules in IFZA Business Park 

Well, there is a slight difference in terms of rules that present IFZA Business Park a unique status. Here some office rules you need to know:

• Flexi-desk and virtual options: No mandatory large offices.
• Physical presence: Only applicable for certain visas and bank account setup.
• Workspace compliance: Valid lease contracts are necessary for licensed businesses.
• Activity limits: Accurate activity selection can support through compliance deliverance.

Setup timeline for IFZA Business Park 

IFZA Business Park comes with one of the top and fastest business setup time lines. Here is what you should look for yourself –

• Digital application: Online application submission in 1 to 2 working days.
• License issuance: Typically, it takes around 3 to 7 working days.
• Visa processing: Depending on the service, it takes 7 to 15 days.

Also read about setting up tech startups in the UAE.

Pros & limitations of IFZA Business Park

It’s obvious that being a smart entrepreneur, you would never miss acknowledging your perks before executing the business plan in IFZA Business Park.

Pros

• 100% foreign ownership.
• 0% corporate and personal tax.
• Flexible licensing and multi-activity support.
• Fast digital setup.
• Strategic market access.

Cons

• Time consumption in renewal works.
• Add-ons and amendments carry extra cost.
• The banking process requires physical visits. 

Conclusion

Now the absolute question that must be answered to ensure you have a business setup in IFZA Business Park

– Is it perfect for you to have a business setup in IFZA Business Park?

The major factor is that this free zone is new to the international business seekers and before it gets saturated and competitive, you must get into it aligning your best business plan in this region.

Connect with Us and get your entire questions answered with an action plus support from start to end for your future business in IFZA Business Park. 

Frequently Asked Questions (FAQs)