UAE IFZA Office Space for banking

[yngmind]

Hey guys, I'm considering getting IFZA FZ. What will be the cheapest office option banks will accept?
I heard WIO is OK with shared offices.

If you have one, share your cost for maintaining the license and the office for the IFZA.

My friends pay $8-10k a year (license + office, no visas).

 

[cryptotree]

IFZA provides an address for you. WIO accepts this. Depending on what trade license you have you can also open a traditional bank account without an actual office.

 

[0xDEADBEEF]

Maintenance of license with IFZA directly is about 20k AED for visa, establishment card, license and shared office. If your friends are paying 32-40k for the same package, they should consider renewing through IFZA.

 

[yngmind]

IFZA provides an address for you. WIO accepts this. Depending on what trade license you have you can also open a traditional bank account without an actual office.

Oh, that's nice. My friends told me the same stuff, do you know license will work without an office?

 

[cryptotree]

Oh, that's nice. My friends told me the same stuff, do you know license will work without an office?

service related activities which you could do from home. For example marketing consulting and research.

 

[yngmind]

service related activities which you could do from home. For example marketing consulting and research.

Thanks broski, gonna get IFZA then.

 

[csp dubai]

wio is probaly the only bank who will open you account with a flexi desk , affter they will close it you are fxxxx, isthe new strategy of banks in dubai

 

[JohnLocke]

wio is probaly the only bank who will open you account with a flexi desk , affter they will close it you are fxxxx, isthe new strategy of banks in dubai

If that is really the case, I would contact the bank before opening an account and depositing money to clarify what my plans are and to determine if the bank can accept them.

I have a feeling that many people here act like the American police, shooting first and then asking questions later, only to wonder why they are punished.

 

[cryptotree]

wio is probaly the only bank who will open you account with a flexi desk , affter they will close it you are fxxxx, isthe new strategy of banks in dubai

I have opened other bank accounts without any issues

 

[Henn and Rich]

Hey guys, I'm considering getting IFZA FZ. What will be the cheapest office option banks will accept?
I heard WIO is OK with shared offices.

If you have one, share your cost for maintaining the license and the office for the IFZA.

My friends pay $8-10k a year (license + office, no visas).

You can obtain an Ejari (official rental contract) without actually renting any office and office pictures with your company signage (mainland companies only). Office visit for bank inspections possible also. I may or may not know such a person who can provide this service.

 

[Dandyline]

You can obtain an Ejari (official rental contract) without actually renting any office and office pictures with your company signage (mainland companies only). Office visit for bank inspections possible also. I may or may not know such a person who can provide this service.

Many such services even on Bayut.

 

[Dandyline]

Hey guys, I'm considering getting IFZA FZ. What will be the cheapest office option banks will accept?
I heard WIO is OK with shared offices.

If you have one, share your cost for maintaining the license and the office for the IFZA.

My friends pay $8-10k a year (license + office, no visas).

Shared office from the FZ seems to be accepted by WIO. You need a residence visa and Emirates ID.

Around $8-10k/year is the average, including residence visa. Then you have the accounting and audits, which shouldn't be to expensive.

 

[yngmind]

IFZA gives you free office space for 1 year only, then you will pay like 6-10k aed a year.