WhatsApp quoteIFZA Free Zone is Dubai's fastest-growing free zone — multi-activity licence, top bank access, and it has become one of the most practical choices for company owners who want a UAE licence without a large upfront budget. 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. Latvian logistics and timber exporters use Dubai as a Middle East distribution point, which gives Latvian entrepreneurs a ready market and supply chain the moment their IFZA Free Zone licence is issued. Importantly, latvians are a small community in logistics, IT and timber trading, so the IFZA Free Zone authority, the banks and the immigration officers see Latvian applications every day and process them without hesitation.
Why IFZA Free Zone
In practice, the authority permits Free Zone Establishment (FZE), Free Zone Company (FZCO) and Branch, which covers solo founders, partnerships and overseas groups opening a UAE branch. 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.
How IFZA Free Zone works with GoldenKey
Step 1Consultation and activity selection
We confirm that your activity is available in IFZA Free Zone, choose the licence type and agree the visa package and office option that match your plan. This is also the point at which we answer any question specific to opening an IT and software company in the UAE as a Latvian founder.
Step 2Name reservation and initial approval
We submit your preferred trade names to IFZA Free Zone and secure initial approval, normally within a day or two of submission.
Step 3Document submission and payment
You sign the application forms and memorandum, we submit the attested paperwork and the licence fee is paid to the issuing authority. Your portal shows the status of this step for opening an IT and software company in the UAE as a Latvian founder in real time.
Step 4Licence issued and next steps
IFZA Free Zone issues the licence, incorporation certificate and lease; from there we open the establishment card, process visas and arrange your bank introduction.
Documents required
Importantly, for opening an IT and software company in the UAE as a Latvian founder the issuing authority asks for the following paperwork, and we tell you exactly how each must be formatted.
- A clear passport copy for each shareholder and manager, valid for at least six months
- Portfolio or company profile
- A passport-size photograph on a white background
- The UAE entry stamp or visa page if you are already in the country
- A bank statement from your Latvia bank for the last three months, which banks use to understand your profile
- Proof of address such as a utility bill or bank statement, requested by some zones
Pricing
From day one, the figures below for opening an IT and software company in the UAE as a Latvian founder are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. For most clients, use the table below to compare packages for opening an IT and software company in the UAE as a Latvian founder; we will confirm the exact total for your case in a written quotation.
Pricing available on request — message us for a written quotation.
Why the UAE
Importantly, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so opening an IT and software company in the UAE as a Latvian founder no longer requires a local partner. On the ground, the dirham has been pegged to the US dollar since 1997, which removes currency risk for opening an IT and software company in the UAE as a Latvian founder and makes international pricing simple.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with opening an IT and software company in the UAE as a Latvian founder, so the paperwork, approvals and timing hold no surprises for us. GoldenKey's consultants have handled opening an IT and software company in the UAE as a Latvian founder for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves promptly. Our quotations for opening an IT and software company in the UAE as a Latvian founder list every government fee and our service fee on one page, in writing, before you pay anything.
If you would like a written quotation for opening an IT and software company in the UAE as a Latvian founder, use the form below or message us on WhatsApp and we will respond as soon as possible.
Frequently asked questions
Do I need to visit the UAE to set up in IFZA Free Zone?
Just as important, most IFZA Free Zone licences can be issued 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 residency visa is handled.
Can I add more activities to my IFZA Free Zone licence later?
Absolutely. IFZA Free Zone allows activity additions and changes through a licence amendment, which GoldenKey can process in a few working days (Monday to Friday) 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 in most cases, 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.
Is it & software allowed in IFZA Free Zone?
It can. Latvians can own 100% of an IT and software company in the UAE. {brand} recommends IFZA Free Zone for this activity and confirms any sector approvals before you commit.
Can a Latvian citizen own 100% of a company in IFZA Free Zone?
Yes. Latvians can own the full share capital of a IFZA Free Zone company with no local partner, exactly like any other nationality.
