License With – 0 Visa
Licence only · upgrade to visas anytime
AED 12,900
- Trade licence & registration
- Upgrade to visas anytime
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
FREE ZONE · DUBAI
Bank Account for an IFZA Free Zone Company
Dubai's fastest-growing free zone — multi-activity licence, top bank access
5–7 daysSetup time100%OwnershipUp to 4 visasVisas
- 5–7 daysSetup time
- Free ZoneLicence type
- Flexi | PhysicalOffice / facility
- Up to 4 visasVisa eligibility
- StandardApprovals needed
- From AED 12,900Renewal cost
About IFZA
Why IFZA Free Zone
Day to day, if you are weighing up where to register in the UAE, IFZA Free Zone deserves a close look for its Dubai address and straightforward renewal process. Day to day, setting up a company in IFZA Free Zone gives you 100% ownership, a UAE trade licence and the option to sponsor residence visas for yourself and your family. IFZA Free Zone combines Dubai address with the flexibility to add activities and visas later, so it suits both first-time founders and established groups.
IFZA Free Zone is located in Dubai Silicon Oasis district, Dubai — adjacent to Meydan and Academic City, and the authority's processing time for a standard file is around 5 working days (Monday to Friday). Put simply, office options in IFZA Free Zone range from virtual office, flexi-desk, office suite or warehouse, so you only pay for the space your visa quota actually needs. Unlike some zones, IFZA Free Zone does not require a large paid-up capital to be blocked in a bank account before the licence is released.
Packages & cost
Pricing — choose the right package for your business
All prices for opening a bank account for a company in IFZA Free Zone are indicative, shown in AED and confirmed in writing ahead of payment. In our experience, the figures below for opening a bank account for a company in IFZA Free Zone are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one.
License With – 1 Visa
1 residence visa · 1-year licence
AED 14,900
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
License With – 2 Visa
2 residence visas · 1-year licence
AED 16,900
- Trade licence & registration
- Establishment card included
- 2 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License With – 3 Visa
3 residence visas · 1-year licence
AED 18,900
- Trade licence & registration
- Establishment card included
- 3 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License With – 4 Visa
4 residence visas · 1-year licence
AED 20,900
- Trade licence & registration
- Establishment card included
- 4 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-28.
Business activities
Explore business activities in IFZA
IFZA licenses trading, service, professional and industrial activities. Search every activity we license across the UAE and see where it is available and what it costs.
Required documents
Documents required
In practice, for opening a bank account for a company in IFZA Free Zone the authority asks for the following documents, and we tell you exactly how each must be formatted.
Scanned colour copies are enough to start. We check every item before anything is submitted.
For individuals
- A clear passport copy for each shareholder and manager, valid for at least six months
- A passport-size photograph on a white background
- Proof of address such as a utility bill or bank statement, requested by some zonesif applicable
- A short business plan or activity description for certain professional activitiesif applicable
- The UAE entry stamp or visa page if you are already in the countryif applicable
- Attested parent-company documents and a board resolution if the shareholder is a companyif applicable
For companies
- Certificate of incorporation (attested)
- Memorandum & articles of association
- Board resolution approving the UAE company
- Passport copies of shareholders & directors
- Company profile / business plan
Our process
How IFZA Free Zone works with GoldenKey
- 1
Consultation and activity selection
In the first call we check that IFZA Free Zone lists your activity, settle the licence type and match the visa package and office to what you actually need.
- 2
Name reservation and initial approval
GoldenKey reserves your trade name with the IFZA Free Zone authority and obtains initial approval, usually within one to two working days. This is also the point at which we answer any question specific to opening a bank account for a company in IFZA Free Zone.
- 3
Document submission and payment
With the forms and memorandum signed, GoldenKey lodges the attested documents and settles the licence fee with the authority on your behalf.
- 4
Licence issued and next steps
As a rule, once the IFZA Free Zone licence and company papers are released, we move immediately to the immigration file, residence visas and the bank meeting. Expect clear updates from your GoldenKey consultant while this step runs for opening a bank account for a company in IFZA Free Zone.
Frequently asked questions
Frequently asked questions
Straight answers about IFZA. Anything else — ask GK AI or message us.
View all FAQsCan I add more activities to my IFZA Free Zone licence later?
Yes, it can. IFZA Free Zone allows activity additions and changes through a licence amendment, which GoldenKey can process in a few working days for a small authority fee.
Can a IFZA Free Zone company do business on the UAE mainland?
A IFZA Free Zone company can sell to mainland customers through a mainland distributor, invoice services to mainland clients for most applicants, and apply for a dual-licence arrangement where the emirate offers one. Direct retail or on-site contracting on the mainland needs a mainland licence.
Do I need to visit the UAE to set up in IFZA Free Zone?
Most IFZA Free Zone licences can be released remotely with scanned documents and a signed power of attorney. You will need to enter the UAE for the medical test and Emirates ID biometrics when your residence visa is processed.
Is an audit required for a IFZA Free Zone company?
Requirements vary by zone and by company size. GoldenKey will confirm the current IFZA Free Zone rule when we prepare your quotation, and we provide bookkeeping if you need accounts in any case for corporate tax.
What is the difference between an FZE and an FZCO in IFZA Free Zone?
An FZE has one shareholder and an FZCO has two or more. Both offer limited liability and 100% foreign ownership, and the fees in IFZA Free Zone are usually the same.
Get a free quote
Ready to start your business in IFZA?
Crucially, call or WhatsApp GoldenKey today and a consultant will walk you through opening a bank account for a company in IFZA Free Zone step by step, with no obligation and no pressure.
Good to know
More about IFZA
What the bank will ask
Expect questions about your customers, suppliers, countries of operation, expected monthly inflows and the source of your initial capital. A one-page business profile prepared by GoldenKey answers most of them before they are asked.
Which banks accept IFZA Free Zone companies
As we tell every client, most UAE banks open accounts for IFZA Free Zone companies, but each has its own appetite for activities, nationalities and expected turnover. GoldenKey shortlists two or three banks that fit your profile rather than applying everywhere at once.
Why the UAE
In our experience, the dirham has been pegged to the US dollar since 1997, which removes currency risk for opening a bank account for a company in IFZA Free Zone and makes international pricing simple. To be clear, the UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many company owners choose it as a base for opening a bank account for a company in IFZA Free Zone.
Why GoldenKey
GoldenKey's consultants have handled opening a bank account for a company in IFZA Free Zone for traders, consultants, tech company owners and family offices, which gives us a realistic view of what each authority approves quickly. For most clients, our quotations for opening a bank account for a company in IFZA Free Zone list every government fee and our service fee on one page, in writing, before you pay anything. We speak the languages our clients speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for opening a bank account for a company in IFZA Free Zone.
