IFZA, Dubai’s emerging investment hub, offers streamlined procedures and strategic market access. Known for competitive pricing and tailored packages, it’s the go-to choice for businesses entering the UAE market. With benefits like 100% foreign ownership, the IFZA Free Zone attracts global investors, contributing to the UAE’s growth.
Ensure stability by renewing your IFZA Business License with Now Consultant. Our seamless support covers IFZA Business Setup and IFZA license renewal matters, serving diverse businesses in Dubai and the UAE. Don’t risk sanctions or fines, renew on time for a hassle-free experience!
IFZA License Renewal Cost:
The IFZA license renewal cost for the Zero Visa License package is AED 12,900, which is the same as the cost for a new setup. There is no difference in price between the initial issuance and the annual renewal of this license package.
| Type of license | Visa Eligibility | License Renewal fee |
| ZERO visa package | AED 11900 |
| 1 visa package | AED 20100 |
| 2 visas package | AED 24100 |
| 3 visas package | AED 26100 |
| 4 visas package | AED 28100 |
There are several items to consider when considering the above packages. The IFZA Establishment Card renewal fee is AED 2200.
Importance of IFZA License Renewal In Dubai:
Maintaining your existing IFZA Free Zone Business License is crucial for several reasons:
- Streamlined processes
- Tailored packages
- 100% foreign ownership
- Ideal hub for global investors
Renew your IFZA Business License with Now Consultant for seamless support and avoid risks.
Benefits of Renewing Your IFZA Free Zone Trade License:
Cost-Effective: Affordable packages with 100% profit repatriation.
Effortless Process: Simple, online renewal process in 3-4 days, aided by consultants.
Remote Incorporation: No need for physical presence, enabling global setup.
No Share Capital Requirement: Flexibility in activities and holding licence are available.
Flexible Visa Packages: Easily upgrade with growing business and minimal fees.
IFZA Academy Training: Comprehensive training for seamless Dubai company formation.
Requirements For IFZA Trade License Renewal:
Before you begin your IFZA trade license renewal, it’s important to make sure your company meets all renewal conditions set by the Free Zone Authority. The following requirements must be fulfilled to ensure a smooth and timely renewal:
- Valid Lease Agreement: Your business address or flexi-desk lease under IFZA must be active and not expired at the time of renewal.
- Updated Company Information: All shareholder and manager details should be accurate and updated in IFZA’s records.
- No Pending Dues: Any outstanding payments, fines, or government fees must be cleared before submitting the renewal application.
- Compliance with Regulations: Your company must continue to operate within the approved business activities and remain compliant with IFZA and UAE laws.
- Renewal Form Submission: A completed renewal application form must be submitted through an authorized consultant like Now Consultant.
- Payment of Renewal Fees: The applicable renewal package fees should be paid in full to initiate the renewal process.
Documents Needed For IFZA License Renewal:
The renewal process requires the following documents:
- Copy of passport.
- Passport photo of each shareholder.
- Emirates ID (for UAE resident shareholders).
- Copy of visa (for UAE resident shareholders).
License Renewal Process In IFZA
IFZA License Renewal in 4 Easy Steps!
- Review your rental agreement, and ensure it’s valid.
- Apply to IFZA with your documents for renewal.
- Receive and pay the renewal fee after verification.
- Complete the process and get your renewed license
Consequences Of Late Renewal For IFZA Business License:
Failure to renew your business license in IFZA on time can lead to serious legal issues, including:
- Sanctions: A penalty of AED 1,000 applies for late license renewal, which is applicable after the initial 30-day grace period.
- Monthly Fines: Operating with an expired license incurs a monthly fine of AED 100 after the grace period
- Blacklisting: Companies without a valid or renewed license risk being blacklisted, leading to a halt in business operations.
How Can We Help You?
Renew your IFZA license effortlessly with Now Consultant! Visa and banking support included. Your one-stop solution for business setup in Dubai and the UAE. As a premium partner of IFZA, Now Consultant offers a hassle-free solution to renew your business license.
FAQs:
How Do I Renew My IFZA Trade License?
Renewing your IFZA Trade License through Now Consultant is easy! Fill out the online form, e-sign, pay, and get your renewed license in just 2-3 business days.
