The IFZA free zone is a promising opportunity to get a crypto license quickly and profitably, without the need for share capital. Gofaizen & Sherle provides professional support for IFZA crypto license with a turnkey solution and guaranteed results within 2 weeks
If your goal is to strengthen your presence in the UAE market, you may consider registering your cryptocurrency company in the IFZA.
In 2018, the International Free Zone Authority (IFZA) was added to the list of free zones in the Emirates. This zone allows entrepreneurs to register companies, branches, and subsidiaries. Initially, the zone only issued licenses for trade, industry, and services, but after signing an agreement with Dubai Silicon Oasis Authority, the opportunities have expanded to the cryptocurrency sector as well.
IFZA actively cooperates with other free zones in Dubai and around the world, creating a favorable ecosystem for the development of businesses in the crypto sphere. This allows entrepreneurs to move easily among zones and take advantage of the opportunities available in each zone to maximize their business potential.
Request more information about the Crypto License in IFZA Free Zone
Companies holding an IFZA crypto license can legally conduct commercial activities using their crypto assets and transactions using cryptocurrencies, including exchange and storage. Obtaining a crypto license requires compliance with certain requirements and passing the registration procedure by IFZA rules and regulations: availability of a business plan, financial guarantees, and compliance with KYC and AML policies. On the other hand, having such a license has several advantages, such as favorable taxation and prospects for business development.
IFZA Dubai offers cost-effective options for setting up your business, allowing you to achieve an optimal cost/benefit ratio. Offers competitive rates for services and preferential treatment for entrepreneurs, which helps to reduce operating costs and increase the profitability of operations.
Trade and tax privileges:
The conditions for companies in IFZA are 0% tax on profits and dividends for companies and exemption for individuals from taxation of income from international activities. There are no currency restrictions and no import or export taxes. IFZA provides 100% repatriation of profits and capital, allowing you to move money freely between countries and optimize financial flows.
Fast business start-up:
Registering a company with IFZA Dubai allows you to get your business up and running quickly due to the lack of a complicated process and additional obligations. It will save time and allow companies to focus on growing their business and achieving success.
Setting up a company in IFZA Dubai does not require shareholders to be physically present and have a local office, giving you the flexibility and ability to conduct business from anywhere in the world. You can choose to work from a virtual office or use shared workspaces, saving on office rental costs.
IFZA allows you to work outside the UAE, opening up access to international markets and expanding the potential of your business. It also allows you to collaborate with companies in other free zones and the UAE mainland.
You have 100% ownership of your company, giving you full control and flexibility in decision-making. You can determine the direction of business development, make decisions according to your goals and adapt to changing market conditions without interference.
Easy bank account opening:
IFZA makes it easy for your company to open a corporate account, making financial transactions easy and accessible.
Full set up of crypto company with complete infrastructure, connection to KYC providers and accounting services.
133 800 AED (36 500 USD)
Initial set up
Registration under the full regulatory requirements. Company is ready for operations
93 850 AED (25 600 USD)
Initial set up
Registration under the minimum regulatory requirements.
36 750 AED (10 050 USD)
Initial set up
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To get an IFZA crypto license, you need to prepare a package of documents.
Individuals must provide:
Notarized documents to be provided by legal entities:
Keep in mind that specific requirements may vary depending on current IFZA regulations and policies.
IFZA (International Free Zone Authority) contributes to the development of free zones and acquires the status of a leading investment center in the UAE. In collaboration with (DSOA) Dubai Silicon Oasis Authority, IFZA offers personalized packages for entrepreneurs wishing to register their companies.
In October 2020, DSOA and IFZA signed an agreement that expands business opportunities in IFZA through a partnership with DSO. This agreement opened the door for collaboration with many high-tech companies based in locations such as DSOA, the Dubai Digital Park(DDP), and the Dubai Technology Campus for Businessmen (Dtec).
IFZA became even more attractive to entrepreneurs in May 2021 with the opening of the crypto center. The IFZA cryptocurrency license presents unique opportunities for cryptocurrency businesses and investors: it creates co-working spaces, organizes training events, and supports new cryptocurrency startups.
Gofaizen & Sherle is ready to help you launch your crypto business in the IFZA-free zone for guaranteed results.
IFZA regulations and rules
IFZA plays an important role in regulating businesses operating in the zone. This organization has developed separate rules and regulations that are mandatory for all companies conducting their crypto business in IFZA. Its goal is to create a favorable and ethical business environment that ensures transparency and fairness.
The IFZA rules and regulations are designed to protect the interests of companies, employees, and investors. They contain several important requirements and obligations that companies must familiarize themselves with and strictly comply with:
Cryptocurrency businesses in the IFZA must comply with additional requirements, such as customer identity verification (KYC) and anti-money laundering (AML) compliance. IFZA takes into account international standards and best practices in the regulation of cryptocurrency transactions to ensure a high level of security and trust in this area.
IFZA has the power to impose fines or sanctions on businesses that violate its rules and regulations. In case of serious violations, IFZA has the right to revoke the license of a company and demand that it terminate its activities in the free zone. This promotes discipline and compliance with the standards necessary to maintain IFZA's reputation and attract the trust of the business community and investors.
In its ongoing work to improve its rules and regulations, IFZA takes into account the rapid development of technology and changes in the cryptocurrency industry. The organization monitors global trends and new regulatory approaches to ensure an efficient and innovative business environment at IFZA.
IFZA Dubai offers attractive tax advantages: 0% tax on profits and dividends for companies, exemption of individuals from taxation of income from international activities, 100% repatriation of profits and capital, no currency restrictions, and no import and export taxes. This creates a favorable environment for business and optimization of financial flows.
However, according to the Public Notice of the Ministry of Finance and the Federal Tax Administration, which was published on the official IFZA website as of June 1, 2023, the following UAE corporate tax rates apply to entities registered in the free zone:
This means that companies will only be taxed at 9% on that portion of their taxable income that exceeds AED 375,000. Income below this threshold will be exempt from taxation.
Under the tax provisions of the UAE Corporate Tax Law, the taxable base depends on the taxpayer's classification.
Under the new legislation, certain types of income paid to non-residents may be exempt from income tax in the UAE, which means a zero tax rate is applied. Due to this, no income tax registration and filing obligations arise for either UAE businesses or foreign recipients of income derived from the UAE.
It is important to note that income tax does not apply to transactions between UAE resident individuals. This means that for domestic transactions between residents, income tax will not be taken into account.
As you can see, there are many nuances and clarifications in the law. To find out whether your company falls under the new UAE tax legislation - we advise you to consult Gofaizen & Sherle