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This company can engage in the sale of diving equipment, offering a wide range of equipment for recreational and professional diving, such as snorkels, masks, rebreathers, weighting systems, depth gauges, fins, suits, buoyancy control devices and cylinders.
IFZA (International Free Zone Authority) was established in the Emirate of Fujairah in 2017 with the aim of attracting foreign investments and innovations to the region. Following a successful launch, IFZA decided to expand its operations, and in 2020, it relocated its operations to Dubai, which is the largest and most developed economic center in the UAE.
IFZA offers a diverse range of business services and solutions for local and international companies looking to establish or expand their operations in the UAE. Let's consider the key advantages of IFZA:
Additionally, IFZA provides comprehensive support and assistance to enterprises throughout their entire business lifecycle, from creation to expansion. This includes access to networking events, training and development programs, as well as business consultancy services.
IFZA offers different company forms depending on the number of shareholders and the specifics of the business:
The number of company founders can be from 1 to 3 as part of the standard license package. The number of shareholders can be increased if necessary.
IFZA offers 6 types of office solutions:
There is no requirement to have a physical office for company registration up to 3 visas.
IFZA offers businesses a special tax regime and flexible profit management:
Profit management in IFZA depends on specific business strategies and goals. Thanks to tax incentives and flexible rules, entrepreneurs can effectively manage their profits and minimize tax obligations.
IFZA offers various types of visas for investors, employees, and their family members who wish to reside and work in the UAE, as well as enjoy the benefits associated with resident status.
Here are some of the main types of visas available through IFZA:
Investor Visas: These visas are granted to investors who have made investments in businesses registered with IFZA.
Family Visas: Family members of investors, including spouses and children, can obtain visas that allow them to reside in the UAE with the primary applicant.
Employee Visas: IFZA also assists companies in obtaining work visas for their employees, enabling them to legally work within the UAE.
Let's consider the key aspects of obtaining a resident visa through IFZA:
The number of required visa quotas should be determined during the company registration process, as it affects the cost of the IFZA license package. After obtaining the license, the company needs to acquire an Establishment card, which initiates the process of obtaining resident visas.
For obtaining up to 3 visas, there is no requirement for a physical office. However, if you need more than 4 visas, you must have an office of at least 16 square meters, with a calculation of 4 square meters per employee.
While there are no specific requirements for insurance policies, it is strongly recommended to have one in place.
To qualify for an investor visa, the minimum share capital must be at least 48,000 AED per shareholder. If there are two shareholders, the minimum share capital required will be 96,000 AED.
When applying for work visas, certain positions may require educational qualifications to be verified.
No source of funds confirmation is required to obtain a license in IFZA, if the company's paid-up capital is less than 150,000 AED.
With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with IFZA representatives, and assist in coordination
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