Dubai business setup: a complete guide
Fortunately, the answer is relatively straightforward – it usually takes around one week to complete all the necessary paperwork and get your business up and running. Of course, there are always potential delays that can occur like those stemming from holiday breaks or detail changes, but if everything goes smoothly, you should be able to start operating your business within days.
Keep in mind that this timeline may vary depending on the free zone you choose to set up your company in. Nonetheless, registering a company in IFZA is fairly quick and easy.
But before we dive into the details of answering the question “How long does it take to register a company?”, let’s learn more about IFZA.
What Is IFZA?
IFZA is a Free Zone community in the UAE that provides business formation and business setup services in Dubai.
IFZA offers business owners a unique opportunity to set up their businesses in Dubai with minimal cost and effort. Business owners can complete the business creation processes online, make all necessary payments online, and receive the business license in hours. It also offers various other services, such as consultancy services and business promotion services.
All businesses within IFZA enjoy certain tax benefits under local laws and benefit from quick access to top-class facilities and quality infrastructure that allow them to bring their businesses to life quickly and easily.
By working through an international network of Professional Partner, IFZA sets premium standards of unique customer-centric services to support Licensees throughout the business registration process, ensuring that businesses receive all the help they need for a successful business formation process in Dubai. However, IFZA goes beyond by offering continuing business support through its Free Zone ecosystem that includes corporate banking assistance, medical insurance coverage, office rental services, and more.
These streamlined procedures present IFZA as an ideal hub for entrepreneurs looking to expand their business operations in Dubai or abroad.
The Process of Business Setup with IFZA
Now that you have learned about IFZA, let’s go back to your original question: How long does it take to register a company?
Starting a business in the UAE can be exciting but complex. If you’re looking to set up a business in IFZA, then it is essential to understand the business registration process.
Aspiring businesses first start by submitting an application and providing the required documents, including a license application form (stating Ultimate Beneficial Ownership information), a passport copy, a digital passport photo, Emirates ID and a visa copy for UAE residents. Depending on the business activity requested, specific approvals from related UAE regulatory agencies may also be required.
Once all the business registration requirements are fulfilled, the business owner would need to make payment for registration fees along with other obligations such as rental costs. After receiving all associated papers, we will issue legal permits in around five working days, confirming business formation with IFZA.
Once registered, businesses can avail of different services, such as UAE residence visa applications for business shareholders and employees, bank account opening facilities and post-registration assistance whenever necessary.
The Advantages of Registering a Business with IFZA
Setting up a business in IFZA offers numerous advantages for talented entrepreneurs and ambitious corporations alike.
For starters, IFZA-registered companies enjoy the privilege of doing business in a zero-income tax environment that Dubai offers. Business owners will benefit from its UAE residence visa program, which is fast and simple and removes the need for sponsors or guarantors.
Additionally, there are no restrictions on dividends or profits, giving you ample flexibility regarding taxation.
You’ll also enjoy access to support teams based in Dubai who can quickly answer any queries or concerns that arise anytime you need assistance.
With all these benefits on offer, it’s no wonder why so many businesses are choosing IFZA as their base of operations. It’s the ideal choice for meeting all your strategic business objectives while helping you increase your return on investment.
Now that you know how long does it take to register a company with IFZA and the benefits awaiting you, what’s holding you back? Contact us today to register easily with IFZA and enter a world of unlimited possibilities.