FAQ (Frequently asked questions) IFZA Free Zone (Dubai)

How much the cost of IFZA Free Zone license?

IFZA Free Zone license fees starts from 12,900 AED including registration address with 3 business activity under the same license category:

NB: Additional fee AED 10,000 for General Trading activity

How do I start an IFZA Free Zone company registration?

Here are the essential procedures for establishing a business with IFZA Dubai

1. Identify the appropriate legal structure for your business.
2. Select a distinctive trade name.
3. Submit an application online for a business license.
4. Choose a suitable package and facility
5. Obtain pre-approvals, complete the business registration process, and obtain your license.
6. Apply for residence visa with IFZA Free Zone
7. Open a Business account and start your activity.

Which documents are needed for Company Setup in IFZA ?

1. Passport copy of shareholder & Manager.
2. High resolution Passport size photo of shareholder & Manager.
3. Visa & Emirates ID copy of shareholder & Manager ( If applicable).
4. Name of the Manager.
5. Residence address of shareholder & Manager.
6. Father’s & Mother’s Name.
7. Proposed names of the company by order (3 names required).
8. Business activities.
9. Utility bill of shareholder & Manager ( less than 3 months old).
10. Email address and mobile number of shareholder & Manager.

What are the Facility available at IFZA Dubai ?

1. Business address: Basic solution required for any Business registration in IFZA Free Zone.
2. Flexi-desk: A shared workstation perfect for a startup entrepreneur ( 10 Hours / week)
3. Flexi-desk+: Unlimited access  to a dedicated desk with IFZA Facilities in Dubai Digital park
4. Private office: Private office space with rental agreement duration of 1 year.

Do I need to have a Physical office space to register my company in Dubai Free Zone ?

No, physical office is not required to register a company in Dubai Free Zone, You can start by a basic option which is Business address of a Flexi-desk

Which is the cheapest Freezone company in UAE?

Here are the list of cheapest Free Zones in UAE:

1. Sharjah Research Technology and Innovation Park (SRTIP)
2. Ajman Media City Free Zone (AMCFZ).
3. Sharjah Media City free zone (SHAMS).
4. Ras Al Khaimah free zone(RAKEZ).
5. International Free Zone Authority (IFZA), Dubai.
6. Meydan Free Zone Authority ( MFZ), Dubai

How to Register a Company in Dubai Free Zone ?

1. Select the suitable Free Zone for your Business: Contact our Business Consultant for guidance
2. Choose Business name of your company.
3. Submit your Online application for the company registration.
4. Get the Initial approval for your business.
5. Pay the fees for your company registration and facility.
6. Apply for residence visa with the relevant selected Free Zone.

What does IFZA stand for?

IFZA Stands for International Free Zone Authority.

IFZA Dubai stands as a prominent Free Zone Community in Dubai, boasting top-tier infrastructure, modern facilities, and business-friendly regulations. It stands out as an ideal destination for foreign investors seeking to establish and expand their businesses.

How much is the residence visa fee in UAE 2023?

1. IFZA Establishment Card fee: 1st year AED 2,000 | Renewal fee: AED 2,200
2. IFZA Residence Visa fee – Cost: AED 3,750 per applicant
3. Medical checkup: VIP process AED 850 | Normal Process AED 450
4. Emirates ID application fee: AED 390

For Investor | Partner Visa, additional cost – fee of  AED 1,000 per application ( AED 4,750)

How much does it cost to sponsor your wife in UAE?

For a wife / husband / child dependent of a partner or an employee:

– Family Residence Visa fee : AED 2,650
– Medical check: AED 850
– EmiratesID: AED 390
– Letters & NOC’s: AED 250
– Our fees: AED 2,500 ( Adult ) and AED 1,250 for child less than 15 years:

TOTAL package for spouse: AED 6,350
TOTAL child<15ans: AED 5,100

How long is UAE residence visa valid?

The duration of a residence visa depends on its type and the sponsoring entity. Sponsored visas can be valid for 1, 2, or 3 years, while unsponsored visas may extend up to 5 or 10 years.

Recent updates allow the issuance of residence visas for 5 and 10 years, with specific criteria. Explore long-term residence visas, including the 5-year retirement visa in the UAE.

It’s important to note that the expiration date of a dependent’s residence visa will not surpass that of the sponsoring individual.

IFZA is designated Free Zone?

Free Zones like DMCC, IFZA, and DSO are not considered as Designated Free Zone.

What are the Steps to open a Business bank account in Dubai ?

Here’s a guide to help you open your corporate bank account:

1. Business License: The first mandatory step is obtaining a valid business license to register your company in Dubai.
2. Prepare the Required Documents: Collect essential documents, including contracts and invoices, as proof of your business.
3. Select a Bank: There are numerous banks which cater to the needs of UAE businesses. Examples include (but are certainly not limited to) Banque MISR, Emirates NBD, Mashreq Bank, and First Abu Dhabi Bank.
4. Obtain Approvals: Seek approvals for your application form and submitted documents from the chosen bank. Approval is necessary to proceed with the account opening process.
5. Submit Application: Submit the form along with the necessary documents to initiate the account setup process.
6. Deposit Initial Funds: Deposit the initial funds into your account.

Which tax that I Have to pay in Dubai ?

1. VAT: Value Added Tax ( 5%): As per the UAE VAT Law, free zone companies are required to undergo VAT registration and have the option to register under the group VAT system. If your turnover in the 12-month period or the next 30 days exceeds AED 375,000, you must register for VAT. If you do not have a customer in the UAE or the GCC, you can apply for an exception when registering your company for VAT.
2. Corporate Income Tax: According to the Ministry of Finance, corporate tax rates are set at 0% for taxable income up to AED 375,000 and 9% for taxable income exceeding AED 375,000.

The are some exception from VAT and corporate Tax if you meet certain conditions.

Can Freezone company buy property in Dubai?

Dubai-registered free zone companies can purchase property in specified freehold areas, adhering to particular regulations. Notably, free zone companies from other emirates are prohibited from acquiring property in Dubai. Specific conditions must be met by Dubai-based free zone companies to qualify for property ownership.

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