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You are here: Home1 / Company in Dubai2 / Types of Entities in the UAE3 / The Free Zone Company4 / IFZA Free Zone Company – Dubai Silicon Oasis, Dubai
  • IFZA Free Zone Company (Dubai)

Overview

About the company

Company TypeA Free-zone Company in the Emirate of Dubai registered in the IFZA Registry with a registered office and correspondence address in the Emirate of Dubai.
Authorized ActivityThe company can engage in any activity except banking, insurance and financial activities (such as currency exchange). The management of funds for third parties is not permitted.

Concerning the share capital

Authorized CurrencyUnited Arab Emirates Dirhams (AED)
Minimum Share Capital Min. AED 150,000
Maximum Share Capital No limit
Release of Share CapitalIt is not required to deposit the share capital when the company is created.

Accounting & Audits

Bookkeeping and annual audit of accounts
It is mandatory to maintain accounts and perform an annual audit.
Justifications for Expenditure and RevenueNothing to justify (unjustified expenses will be debited from the partner’s shareholder account)

About the Manager

EligibilityAny individual or legal entity regardless the nationality. Nominee Directors are not permitted.
Minimum Number of ManagerOne. Can be a person or legal entity. If legal entity, then the manager must be a natural person
Mandatory Local ShareholderNot required. They can reside in any country

About the Shareholders

Minimum Number of ShareholdersOne.
Maximum Number of ShareholdersNo limit.
EligibilityAny individual (21+ yrs) or legal entity. Any nationality. Nominee Shareholders are not permitted.
Manadatory Local ShareholderNot required. Shareholder(s) can reside in any country.

Set Up Timeline

    • The deadlines to be expected are as follows:
  • 3 days to process and email all the registration documents of your company to you. You will then have to sign, scan, and email them back to us.
  • Up to 7 working days to receive the Certificate of Registration of your company;
  • Residence visa: After the registration of your company, you must come to Dubai for 2 weeks and be present in Dubai from Sunday morning to Thursday evening of the following week to receive your residence visa. We will meet with the bank the same day as your visa is obtained to open your bank account in Dubai. A residence visa is required to open a personal bank account. It takes 5 working days to get it.
  • Around 7 working days to obtain your bank account number following the registration of your company (remote opening) or following obtaining your visa (opening on site). The bank card is then sent by the bank by express courier to the address of your choice worldwide approx. 15 days after the payment of your first funds into your account.

Advantages and disadvantages of IFZA

Advantages of IFZA

The advantages of IFZA are as follows:

  • Excellent value for money (license and offices)
  • Remote registration of the company
  • Time limits for registering the company

Disadvantages of IFZA

The disadvantages of IFZA are the following:

  • Location of the free zone is a bit out of the way
  • Less prestigious than other free zones

Rates for the company and residence visas

Company Set Up Packages

Here are the rates for the company:

  • Start Up Package
    (does not allow you to obtain a visa)
    Start Up Package
    (does not allow you to obtain a visa)
  • Solo Package
    (allows you to obtain 1 visa)
    Solo Package
    (allows you to obtain 1 visa)
  • Duo Package
    (allows you to obtain 2 visas)
    Duo Package
    (allows you to obtain 2 visas)
  • Trio Package
    (allows you to obtain 3 visas)
    Trio Package
    (allows you to obtain 3 visas)
  • Quatro Package
    (allows you to obtain 4 visas)
    Quatro Package
    (allows you to obtain 4 visas)
Company Set-Up costs
  • Start Up Package
    (does not allow you to obtain a visa)
    AED 5,000
  • Solo Package
    (allows you to obtain 1 visa)
    AED 5,000
  • Duo Package
    (allows you to obtain 2 visas)
    AED 5,000
  • Trio Package
    (allows you to obtain 3 visas)
    AED 5,000
  • Quatro Package
    (allows you to obtain 4 visas)
    AED 5,000
Maintenance costs per year
  • Start Up Package
    (does not allow you to obtain a visa)
    Authority fees (disbursements): AED 15,900
    Package: AED 5,000
    TOTAL : AED 20,900 per year
  • Solo Package
    (allows you to obtain 1 visa)
    Authority fees (disbursements): AED 19,900
    Package: AED 5,000
    TOTAL : AED 24,900 per year
  • Duo Package
    (allows you to obtain 2 visas)
    Authority fees (disbursements): AED 23,900
    Package: AED 5,000
    TOTAL : AED 28,900 per year
  • Trio Package
    (allows you to obtain 3 visas)
    Authority fees (disbursements): AED 25,900
    Package: AED 5,000
    TOTAL : AED 30,900 per year
  • Quatro Package
    (allows you to obtain 4 visas)
    Authority fees (disbursements): AED 27,900
    Package: AED 5,000
    TOTAL : AED 32,900 per year

Our packages include the following:

Services provided for one time Company Set Up Costs:
– Service Charge -> these are our fees (nothing to add all is included!)
– VAT and accountancy training -> we explain how VAT works and your company’s accounting obligations
– Salary Register -> establishment of the Employee Register
– Company stamp -> this is a stamp that complies with local regulations (required for opening a bank account, etc.)
– FREE assistance in opening a bank account -> we assist you in opening a bank account for your company
– FREE setup of invoicing and accounting application -> Installation and configuration of invoicing and accounting software

Services provided with Maintenance Costs per year:
– Service Charge -> our fee for renewing and monitoring your company
– UNLIMITED after-sale support concerning your company in the UAE -> we provide unlimited customer support to answer all your questions
– Coordination with Accountant -> we provide a coordination service with the accountant of your company
– Coordination with Auditor -> we provide a coordination service with the auditor of your company
– Coordination with Tax Agent -> we provide a coordination service with the tax agent in charge of the VAT of your company
– Subscription to Merritt Updates -> legal, fiscal and social watch on the Emirates sent by email
– UNLIMITED access to Merritt.center -> all administrative, legal and accounting documents of your company in a secure customer portal
– UNLIMITED access to Merritt.guide -> all useful information for your company and your residence in the UAE
– Maintenance of UBO Register -> this involves maintaining and updating the Register of final beneficiaries as required by the Authorities
– Correspondence address in Dubai (including UNLIMITED scan and forward of your mails and courier) -> we scan / resend your mail as soon as it arrives according to your instructions
– FREE shared telephone number in the UAE (with answering in English and Arabic) -> shared telephone number with telephone secretary in English and Arabic
– FREE domain name + WordPress pre-installed + emails-> domain name + installation of a WordPress showcase site + email addresses on a server located in Dubai

Package for the residence

Here are the rates for the residence:

  • Visa type
    Visa type
  • All costs for 3 years
    All costs for 3 years
  • Conditions for obtaining the visa
    Conditions for obtaining the visa
Investor visa
  • Visa type
    For a partner
  • All costs for 3 years
    Authority fees (disbursements):
    - Residential Visa: AED 3,750
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    - Service fees: AED 4,000

    TOTAL: AED 9,970
  • Conditions for obtaining the visa
    Must be a partner.
    Must be 21 years +
    No other conditions.
Working visa
  • Visa type
    For an employee
  • All costs for 3 years
    Authority fees (disbursements):
    - Residential Visa: AED 3,750
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    - Service fees: AED 2,000

    TOTAL: AED 7,970
  • Conditions for obtaining the visa
    In addition to an employment contract (we provide it free of charge), depending on the job title, you may be asked to provide a copy of a diploma certified by the Ministry of Foreign Affairs and then by the Embassy of the Emirates.
Family visa
  • Visa type
    For a wife / husband / child dependent of a partner or an employee
  • All costs for 3 years
    Authority fees (disbursements):
    - Residential Visa: AED 2,350
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    - Letters & NOC's: AED 250
    - Service fees: AED 2,000

    TOTAL spouse: AED 6,820
    TOTAL child>15yo: AED 5,820
    TOTAL child<15yo: AED 4,790
  • Conditions for obtaining the visa
    It is required to provide a copy of a rental contract in the Emirates + electricity bill in the UAE + marriage certificate + birth certificate for children.

Applicable discounts:
– Exchange Driving License: the driving license exchange fees can be deducted if not applicable (see list on next page).
– Medical check: the costs of the medical test can be deducted for children under 15 years old.

The Residence Packages are in addition to our Company Packages. They are not mandatory and they can be subscribed when you wish without limit of validity.

Our packages include the following:
– Residence visa (with support and assistance for all formalities) -> we assist you and take all the steps to obtain your residence visa in an air-conditioned vehicle with driver from our offices in Dubai. The person from our team who will accompany you speaks French, English and Arabic.
– EmiratesID -> we request and receive in our offices your UAE identity card (sent by Po Box by the Authorities)
– UAE driving license exchange -> as part of the recognition of your foreign license, we take all the necessary steps to obtain it and accompany you to the traffic department for this
– Assistance in opening a personal bank account -> we assist you in opening a
personal bank account in Dubai
– Assistance in opening a brokerage / saving bank account -> we assist you in opening an investment account (Saxo Bank, EmiratesNBD Private Banking, etc.).
– UNLIMITED after-sale support with information concerning your residency in the UAE: insurances (health, home, car, travel), succession planning, etc. -> we provide unlimited customer support to answer all your questions about your residence in the Emirates and advise you: insurance in the Emirates (health, car, accommodation, travel), inheritance, etc.

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Contact Us

Merritt Middle East DMCC
Office n°1005 – 10th floor
Goldcrest Executive Tower – Cluster C
Jumeirah Lakes Towers – Dubai
United Arab Emirates

Phone: +971 4 422 1345
WhatsApps: +971 52 557 3356
Email: support@merritt.group

All corporate services are provided by Merritt Middle East DMCC.
All legal services are provided by Merritt Legal Consultants FZ LLC.

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