Establish a Freezone Company in IFZA Dubai

Fortunately, the answer is relatively straightforward – at IFZA Free Zone, it usually
takes 3-5 days to complete all the necessary paperwork and get your business up
and running.

Here’s a list of business licenses you can apply for at IFZA Dubai:
1. PROFESSIONAL LICENCE
Businesses provide professional consultancy and multiple services, such as
technical, lifestyle, and similar services.
2. COMMERCIAL LICENSE
Authorizes the import, export, distribution & storage of specified items.
3. BRANCH
Foreign incorporated companies may also register a branch at IFZA Dubai

Whether you have picked or are still thinking about your business name, there are
a few things to consider. Your business name must not contain any indecent
language or refer to any political or religious groups, nor can it use Allah’s name
or refer to one of his divine attributes. If the business is named after a person,
only shareholders’ names can be used; using initials is not allowed. The name
must not match the names of previously registered businesses, government
entities, or world-renowned companies.
Your business name cannot begin with the words: “international,” “global,” or
“Middle East,” nor should it be translated or contain any special characters, e.g.,
comma (,), slash (/), or “&” is excluded from the special characters rule. Also, the
name must be consistent with the nature of the business activity. Here’s a
company naming guide to help.

Yes, if you choose IFZA Free Zone for your business setup in Dubai, it can be done
remotely. First, our Professional Partners will contact you via email or consult
with you at our office. Upon your discussion with them, you will be sent a
proposal with details such as the type of license, business activities, visa package,
and office solution.

Business activities are those actions companies take to earn profits through sales,
investments, manufacturing, and distribution. In the UAE, they are also the basis
for selecting the legal form of the business and the type of license that its
shareholders need to apply for. 
At IFZA Free Zone, we have two main types of business activities: 
 Professional – For businesses providing professional consultancy and
multiple types of services, for example, technical, lifestyle, and similar
types of services.
 Commercial – For businesses engaged in the import, export, distribution,
and storage of specified items.
IFZA offers up to 3 business activities under one license, with options for
additional activities. We also offer the flexibility to combine different types of
business activities under one license or change business activities at any time.

It is possible for a person who is a resident of another country to register and own
a business in Dubai, depending on the jurisdiction and the company’s approved
business activity. Free Zones such as IFZA Dubai allow for a completely remote
company formation process. The only time the business owner is required to be
physically present in Dubai is for visa-related processes such as the medical fitness
test and recording of biometrics.

No, it is not mandatory to open a UAE corporate bank account to set up your
business. However, having a bank account can provide several benefits: 
1. It can position your company as an established entity, enhance your
credibility with clients and suppliers, and facilitate smoother financial
transactions. 
2. A UAE bank account may be required for certain business activities and can
be advantageous when securing contracts or dealing with local partners.

We are located within Dubai Digital Park, a project that is 150,000 sqm with a
total of 71,000sqm just for office spaces. IFZA Dubai currently has a portfolio of 10
Buildings where we provide hassle free office management. From WIFI, utility
charges, access to 2,000 parking spots to complimentary cleaning services, we will
take care of everything while you enjoy our concept of “Live, Work and Play”.
You will find at your doorstep many facilities such as gym, grocery, nursery for
kids, a wide range variety of all types of cuisine, roof top pool bar, hotel facilities
and much more.
From Shared Workspaces to Personalized Offices, we will make sure to find the
right fit for your company. IFZA Fit Out team will be happy to seat with you to
discuss how we can give that special and unique touch to your office design.

• Industrial (AED 150,000.00) 
• Aviation (AED 500,000.00) 
• Logistics & Transportation (AED 100,000.00) 
• Insurance Consultancy (AED 100,000.00) 
• Insurance Broker (AED 500,000.00) 
• Insurance Agent (1,000,000.00) 
• Investment Consultancy (AED 100,000.00) 
• Real Estate Consultancy (AED 500,000.00) 
• Real Estate Broker (AED 500,000.00) 
• Real Estate Agent (500,000.00) 
• Real Estate Development (AED 1,000,000.00) 
• TV/Radio Broadcasting (AED 1,000,000.00) 
• Publishing (AED 50,000.00) 
• Production (Film/TV/Radio) (AED 50,000.00) 
• Higher Education Provider (AED 50,000.00) 
• Non-academic Service Provider (AED 50,000.00) 
• Educations Support Services (AED 50,000.00) 
• School (AED 50,000.00) 
• Early Learning Centre (AED 50,000.00) 

No, all RAKEZ companies must submit audited financial statements prepared by RAKEZ approved auditors. 

IFZA stands for International Free Zone Authority, as per its establishment in
2017.

There is no individual tax levied in Dubai. However, there are other local and
federal taxes that are being imposed in the city, including:
   Value Added Tax (VAT) of 5% on most goods and services.
   Excise Tax on goods that are considered to have a negative impact on
human health of the environment, such as tobacco products, energy drinks
and carbonated drinks.
   Customs Duties on goods imported from a foreign country into the
mainland. However, Free Zone-registered companies are allowed to import
goods from a foreign country into their respective jurisdictions without
payment of customs duties.

   Tourist Facility-Related Taxes that are specific to hotels, resorts and
restaurants include Municipality Fees, City Tax, Tourism Fees and Service
Charges.
·   In January 2022, Ministry of Finance announced that it will introduce federal
Corporate tax (CT) on the net profits of businesses. The tax will become applicable
either on 1 June 2023 or on 1 January 2024, depending on the financial year
followed by the business. CT will be applied across all the emirates.