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IFZA COMPANY FORMATION
Requirements and required documents for incorporation:
1. Copy of shareholder/director's passport
2. Original verification of the shareholder/director's passport copy
- Korean passport: English passport copy certificate (issued by the district office) ( Sample )
- Passport of other countries: Certified True Copy or Notarial Certificate ( Sample )
3. Two types of recent (within three months) English address verification documents of the shareholder/director (addresses must be the same)
- Residence in Korea: English translation of resident registration (residential center) + scan of the front and back of the driver's license (view sample)
- Residence in other countries: Utility bill + bank statement (or equivalent official document) (view sample)
4. Fill out the application form for incorporation
*If you wish to open an account after incorporation, please contact us in advance.
Frequently Asked Questions
1. What documents are required to incorporate a company in Dubai IFZA?
A passport copy, recent passport-size photo, proof of residential address (within 3 months), and completed application forms are required. Additional documents may be requested depending on business activity.
2. What are the service fees for Dubai IFZA company formation?
The incorporation cost usually ranges from USD 3,500–5,000 depending on the package, license type, and number of visas. Annual renewal fees apply.
3. What is the procedure to form a company in Dubai IFZA?
Select company structure and license → submit documents and application → KYC and approval by IFZA authority → issuance of license and incorporation documents → company bank account opening.
4. How long does the Dubai IFZA incorporation process take?
Standard processing: 5–7 business days after document submission. Expedited services may complete in 2–3 business days.
5. What are the key benefits of setting up a company in Dubai IFZA?
100% foreign ownership, no corporate tax on most activities, simplified incorporation process, multiple license options (professional, commercial, industrial), and access to UAE’s international banking system.
6. Can a Dubai IFZA company open a corporate bank account?
Yes. Local and international banks in the UAE allow corporate accounts. Initial deposits usually start from USD 5,000–50,000 depending on the bank and business activity.
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