HomeFree Zone Company - International Free Zone Authority - Lightening Poles Trading

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Trading Company SetupLightening Poles Trading

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International Free Zone Authority logo
JurisdictionInternational Free Zone Authority
Service
Short description

This company can engage in the sale of utility lighting poles made of metal, concrete or wood for roads, streets and parks lighting.

About the company's activities
Types of activities

For setup of a company in IFZA in the field of lightening poles trading, the following business activity has been chosen:

  • Lightening Poles Trading (4752065). Includes reselling utility lighting poles made of metal, concrete or wood for roads, streets and parks lighting.

The company can choose up to 3 types of business activities under one license without additional fees.

Additional External Regulator Approvals

As part of the company registration process with this business activity, no additional approvals are required.

Share Capital Requirements

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.

Company Name Requirements
  • Must not be identical or similar to local/global brands or registered trademarks
  • Must not contain the names of Allah or God, or any other religious terminology
  • Must not begin with words, such as "International", "Middle East", "Global", "Universal", or their equivalents in other languages
  • Must not violate the UAE laws or contain words that are obscene, indecent or generally offensive
  • May contain the name of a shareholder
  • Must correspond to the company’s business activities
Bank Account

Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.

When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.

Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.

About Jurisdiction
Name and Description
  • Title: International Free Zone Authority
  • Description:

    IFZA (International Free Zone Authority) is a free economic zone (free zone) established in 2017 and located in the Emirate of Dubai, UAE. Through its partnership with Dubai Silicon Oasis, IFZA provides entrepreneurs with unique opportunities, combining flexible business conditions and access to modern infrastructure. This free zone was created to attract small and medium-sized enterprises as well as international companies that require simple and cost-effective options for entering the UAE market.

    The free zone offers extensive office solutions, including virtual offices, co-working spaces, and physical offices, allowing businesses to flexibly scale and adapt as they grow. IFZA supports a wide range of sectors, including trade, professional services, and technology, offering optimal conditions for effective business development. Businesses registered in IFZA are permitted to operate both within the free zone and beyond the UAE.

    IFZA issues the following types of business licenses:

    • Commercial (wholesale and retail trade)
    • Professional (provision of services)

    IFZA supports companies at every stage of development—from launch to expansion—by providing resources for long-term growth and strengthening competitive advantages. These opportunities create a favorable environment for international expansion and sustainable business success.

Advantages

The IFZA company registration provides various benefits and opportunities for entrepreneurs:

  • Access to local and global markets. Companies registered in the free zone can conduct business within the free zone and beyond the UAE. This helps to expand business, create and strengthen partnerships and enables interaction with clients and partners worldwide.
  • Strategic location. The free zone is located in Dubai's Dubai Silicon Oasis, where advanced business infrastructure blends seamlessly with a developed social environment — residential complexes, educational institutions, shops, and recreational areas. This location provides convenient access to major transportation and business hubs, creating a balanced environment for entrepreneurs between work and life.
  • Remote company registration. The free zone enables entrepreneurs to establish their business remotely, without the need for physical presence in the UAE, providing convenient access to the registration process from anywhere in the world.
  • Full profit control. The free zone enables foreign entrepreneurs to retain 100% ownership of their company, granting full control over profits and unrestricted capital repatriation outside the UAE. This fosters an optimal environment for strategic financial planning and efficient business management, free from limitations on economic activities.
  • Wide range of business activities. The free zone offers licenses for more than 800 types of businesses, enabling entrepreneurs to develop projects across various industries, including trade, professional services, consulting, information technology, and more.
  • Combining business activities. The free zone allows the combination of various business activities under a single license, reducing operational costs and expanding the range of services and products offered to clients.
  • Business Ecosystem. The free zone offers a comprehensive ecosystem of additional services supporting business development and growth. These include the IFZA Academy for training and skills enhancement; IFZA Events for community building and business networking; IFZA Life with health insurance programs; IFZA Elite, offering favorable reward schemes for businesses; and IFZA Cares, supporting corporate social responsibility initiatives.
Offices/Premises
  • The registration cost includes the basic office solution Virtual Office.
  • The number of visa quotas depends on the selected office. The Virtual Office affords up to 3 visas. If a company needs additional visas, a physical office is required, with visas allocated at 4 sq.m. per quota.
  • Various rental property options are available in IFZA, provided upon preliminary request and subject to availability:
  1. Virtual Office (AED 0/year). An official registered address without the need to rent a physical office solution. The Virtual Office affords up to 3 visa quotas.
  2. Coworking:
    • Flexi Desk (from AED 7,900/year). A workspace in the coworking with access up to 10 hours per week during business hours and provides one hour of meeting room usage per month. 
    • Flexi Desk + (from AED 11,900/year). A workspace in a coworking with unlimited access during business hours and provides five hours of meeting room usage per month.
    • Dedicated Workspace (from AED 18,500/year). A dedicated workspace in a coworking, separated by partitions, with unlimited access during business hours, with five hours of meeting room and one hour of conference room usage per month.
  3. Physical Offices: The offices afford 4+ visa quotas, depending on the office area, calculated at 4 sq.m. per quota
    • Private Office (from AED 2,000 per sq.m./year). A private office ranging from 12 to 20 sq.m. with unlimited 24/7 access and provides seven hours of meeting room and two hours of conference room usage per month. Additionally, one parking space is allocated per office.
    • Personalized Office (from AED 1,925 per sq.m./year). A private office starting from 20 sq.m., with unlimited 24/7 access, and provides seven hours of meeting room and five hours of conference room usage per month. Additionally, two parking spaces are allocated per office.
Tax Regime and Profit Management

The UAE imposes a variety of taxes and fees that regulate the financial activities of both legal entities and individuals. Below are the main ones:

  1. Value Added Tax (VAT):
    • Since January 1, 2018, the UAE has implemented a VAT rate of 5%, which applies to most goods and services and is charged to companies operating within the country, except for those registered in designated zones.
    • A Designated Zone is a territory within a free zone that is treated as outside the UAE for tax purposes, allowing goods to be exempt from taxation, provided certain criteria are met. The main taxation rules in Designated Zones are:
      • Designated Zones are listed in the Cabinet Decision to Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT).
      • Goods tranferred between or within Designated Zones are not subject to VAT.
      • The export and import of goods between a Designated Zone and a foreign company are also VAT-exempt.
    • For local companies and those registered in Non-Designated Zones (free zones not included in the Designated Zones list), the standard tax rules set forth in the Federal Decree-Law on VAT apply.
      • Companies with an annual turnover exceeding AED 375,000 are required to register with the Federal Tax Authority (FTA) as VAT taxpayers.
      • Companies with a turnover between AED 187,500 and AED 375,000 may register on a voluntary basis.
      • Companies can offset VAT paid on purchases of goods and services (input VAT) against the VAT they collect on sales (output VAT), shifting the tax burden to the final consumer.
      • Some goods and services may be exempt from VAT or taxed at a 0% rate, such as international transportation, educational, and medical services.
  2. Corporate Tax:
    • As of June 1, 2023, the UAE has introduced a corporate tax at a rate of 9%, levied on the taxable net profit of companies with income exceeding AED 375,000.
    • A 0% rate is applied to taxable income not exceeding AED 375,000.
    • Charitable, non-profit organizations and medical institutions are fully exempt from corporate tax.
  3. Excise Tax:
    • Since October 1, 2017, the UAE has introduced an excise tax aimed at reducing the consumption of harmful products and funding healthcare initiatives.
    • The tax applies to alcohol, tobacco products, and beverages containing added sugar, including energy and carbonated beverages.
    • Excise tax rates vary by product category:
      • 50% on carbonated drinks (excluding mineral water)
      • 100% on tobacco products
      • 100% on energy drinks
      • 100% on electronic smoking devices and related liquids
      • 50% on products containing added sugar or sweeteners.
    • Companies dealing with excise goods must register with the Federal Tax Authority (FTA), submit monthly declarations, and maintain records. Excise tax is paid upon the import, production, or release of goods for consumption in the UAE.
  4. Customs Duties:
    • Custom duties in the UAE are applied to most imported goods at a standard rate of 5% of the cost, insurance, and freight (CIF). Some product categories, such as pharmaceuticals and food items, may be exempt from duties or subject to reduced rates.
    • Goods imported into the UAE's free zones are generally not subject to customs duties as long as they remain within these zones. However, once such goods are moved to the UAE mainland, standard duties apply.
  5. Personal Income Tax:
    • In the UAE, personal income is not subject to taxation.
    • UAE citizens and residents are exempt from paying taxes on their personal income, including salaries, interest, dividends, inheritances, gifts, luxury goods, and capital gains.
  6. Other Local Taxes and Fees:
    • Individual emirates may impose specific local taxes and fees in line with their economic and social needs.
    • These taxes and fees are aimed at supporting public services and implementing infrastructure projects.
Resident Visas

IFZA offers the following main types of UAE resident visas for foreign investors and company employees:

  • Investor Visa:
    • Issued to foreign investors and entrepreneurs who invest in or acquire companies.
    • Allows for business management, living, and working in the UAE.
    • Grants the right to sponsor family visas.Valid for two years but can be canceled if the investor is absent from the UAE for more than six months.
  • Employment Visa:
    • Issued by the company for its foreign employees.
    • Permits residency and employment in the UAE.
    • Depending on the job position, education and specialization may need to be verified.
    • Valid for two years but can be canceled if the employee is absent from the UAE for more than six months.
    • Can be renewed alongside the employment contract.
  • Dependent Visa (for family members and domestic staff):
    • Issued to the sponsor's family members and accompanying domestic staff (nannies, housekeepers, caregivers, etc.).
    • Permits residency in the UAE.
    • Valid for two years.

Order service directly at IFZA

Total:

Order the support of an authorized platform partner

Plan:
Standard
Premium
Total:

Order services directly through IFZA

With the assistance of our platform manager, who will provide you with service instructions, arrange meetings with IFZA representatives, and assist in coordination

  • Direct access without intermediaries
  • No additional fees
  • No commissions

Choose our "Standard" plan

Receive expert guidance from an authorized consultant who will manage the entire process of obtaining IFZA services

  • Time-saving
  • Predictable outcomes
  • Personal expert assistance
  • Business-class transportation to service locations
  • Minimal involvement required

Opt for our "Premium" plan for top-tier expert guidance

An elite consultant will oversee the process of obtaining IFZA services, ensuring a seamless experience

  • VIP airport reception in Dubai for one person
  • Premium-class airport-hotel-airport transfers
  • Expedited VIP procedures
  • Guaranteed results
  • Personal expert available 24/7
  • Premium-class transportation to service locations
  • Minimal involvement required
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