WhatsApp quoteThis illustrative scenario shows how a Latvian founder set up a maritime services company in IFZA Free Zone with GoldenKey; names and figures are representative of typical client journeys rather than a specific client.
The starting point
A Latvian entrepreneur from Riga wanted to launch a maritime services company serving customers in the UAE and Latvia. The priorities were a credible licence, a residence visa and a business bank account within a realistic budget.
Why IFZA Free Zone
After comparing options, IFZA Free Zone was chosen for its Dubai address and because maritime & ship services is a well-established activity there. GoldenKey confirmed the activity code and the visa package in the first consultation.
The process
GoldenKey reserved the trade name, obtained initial approval and submitted attested papers from Latvia. The licence was issued in line with the usual IFZA Free Zone timeline, followed by the establishment card, investor visa, medical test and Emirates ID.
Banking and tax
Put simply, with the licence and visa in hand, GoldenKey prepared the bank file and introduced the client to a bank suited to maritime & ship services. Corporate tax registration was completed within the FTA deadline and VAT registration was timed to the expected turnover.
The outcome
Put simply, the business was invoicing clients within weeks of the first call, with a UAE address, a resident founder and a compliance calendar managed by GoldenKey. The same path is available to any Latvian founder considering maritime & ship services in IFZA Free Zone.
Indicative pricing for IFZA Free Zone
- Trade licence & registration
- Upgrade to visas anytime
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
- Trade licence & registration
- Establishment card included
- GoldenKey full assistance
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-28.
Why GoldenKey
GoldenKey's consultants have handled maritime & ship services in IFZA Free Zone for a Latvian founder for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly. To be clear, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for maritime & ship services in IFZA Free Zone for a Latvian founder happen the same day they are ready.
Day to day, message GoldenKey now and we will prepare a personalised quotation for maritime & ship services in IFZA Free Zone for a Latvian founder, valid for 30 days and confirmed in writing.
Frequently asked questions
Can a Latvian citizen own 100% of a company in IFZA Free Zone?
It can. Latvians can own the full share capital of a IFZA Free Zone company with no local partner, exactly like any other nationality.
How long does the process take for Latvian applicants?
Processing for Latvians follows the same timeline as other nationalities. Documents from Latvia that need attestation are the main variable, and GoldenKey guides you through that step.
Can my family from Latvia join me?
Once your investor visa is issued you can sponsor your spouse and children, and GoldenKey processes their visas alongside yours.
