Forfaiting Services
For your Shuraa activity review, use code 6499019 to identify Forfaiting Services within IFZA Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 6499019
Listed activity name: Forfaiting Services
- Activity code
- 6499019
- Jurisdiction
- IFZA Free Zone
- Licence type
- Professional
- Group code
- DSO01087
Activity description
Includes firms engaged in purchasing commercial bills and credit documents or other receivables at certain discount by paying cash, thus the forfaiter frees the exporter or the beneficiary from the debt and becomes the entity to whom the importer will pay, the documents involve normal, deferred and standby letters of credit, promissory notes, bills of exchange, irrevocable payments guarantees.
Additional requirements
No additional requirements are supplied in this record. This does not mean that no approvals are required; check the requirements for your application.
Authority reference: IFZA business activities. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
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