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This company can engage in the sale of solar panels and slabs energy systems (photovoltaic) installed on tops and facades of residential and commercial buildings, or on the ground to generate power for use in water heating and cooling and energy supply.
For setup of a company in IFZA in the field of solar energy systems and components trading, the following business activity has been chosen:
The company can choose up to 3 types of business activities under one license without additional fees.
IFZA license that allows to сonduct commercial activities.
As part of the company registration process with this business activity, no additional approvals are required.
The minimum share capital requirement for IFZA companies is AED 10,000, its contribution is optional.
If the shareholder plans to obtain an investor visa, the shareholder's share in the share capital should be at least AED 48,000.
Entrepreneurs are provided with the opportunity to open a corporate account in classic banks with physical branches, as well as in digital banks and in payment systems.
When choosing a bank to open a corporate account, factors such as the level of service, fees, available currencies, convenience of online banking, the reputation of the bank and other conditions that may be important for business should be taken into account.
Successful corporate bank account opening requires a well-prepared document package, which may vary depending on the specific requirements of a particular bank. Incorrectly or incompletely submitted documents may negatively affect the final decision of the bank in processing the application for opening a corporate bank account.
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
Receive expert guidance from an authorized consultant who will manage the entire process of obtaining IFZA services
An elite consultant will oversee the process of obtaining IFZA services, ensuring a seamless experience