IFZA Free Zone Setup for Jay Pandya
Client Overview
Jay Pandya approached RIZ & MONA CONSULTANCY with the objective of setting up a Dubai Free Zone company under IFZA. His requirement included not only the company formation but also the issuance of two visas — one for himself as the shareholder and one for another shareholder as an employee. Additionally, he needed assistance with securing a 2-year trade license and opening a business bank account with Emirates NBD (ENBD).
Jay wanted a quick, seamless setup without delays, and he was looking for a consultancy capable of handling all stages from licensing to banking.
Understanding the Client’s Requirement
Jay’s project involved multiple components:
- IFZA Free Zone License (2-year license)
- 2 Visas (General Manager Visa + Employee Visa)
- VIP Medical & Biometrics
- Emirates ID processing
- Business Bank Account Opening (ENBD)
This required coordinated execution across various departments — immigration, health screening, Emirates ID authority, IFZA licensing, and corporate banking.
Our Step-by-Step Strategy & Execution
1. Securing the IFZA Free Zone License
We started by obtaining Jay’s IFZA trade license, which formed the foundation of his business.
The IFZA structure provided:
- Complete foreign ownership
- Attractive pricing
- Operational flexibility
- Fast processing
This allowed us to immediately move into the visa stage.
2. Visa Processing for Both Shareholders
Jay required two visas:
- General Manager Visa (for himself as the shareholder)
- Employee Visa (for the second shareholder)
Our team managed the entire visa cycle:
- Entry permit issuance
- Document preparation
- Visa stamping coordination
Both visas were approved without any delays.
3. VIP Medical & Biometrics
To expedite the residency steps, Jay opted for VIP Medical and Biometrics for both applicants.
This premium service ensured:
- Faster medical test processing
- Priority biometrics appointment
- Quick turnaround for Emirates ID issuance
4. Emirates ID Completion
After medical approval, we moved to the Emirates ID stage.
We coordinated appointments, guided the clients through the biometric process, and ensured ID issuance without any interruptions.
5. Business Bank Account Opening (ENBD)
The final requirement was opening a Business Bank Account with Emirates NBD.
Bank account opening in the UAE often requires strong coordination and clear documentation, and our banking support team facilitated:
Our banking support team facilitated:
- Meeting arrangement with ENBD
- Preparation and submission of all required documents
- Smooth communication with the bank officers
- Successful activation of the account
Jay’s ENBD account was opened without issues, ensuring his company was ready for financial operations.
Challenges
No challenges were encountered throughout the project.
The client was proactive, decisive, and highly cooperative, which significantly accelerated the process.
Final Outcome
The project was completed with 100% success, including:
- IFZA License issued (2-year validity)
- Two visas fully processed
- VIP medical tests & biometrics completed
- Emirates IDs issued
- ENBD business account opened
All deliverables were completed quickly and efficiently — meeting the client's expectations perfectly.
Consultant’s Notes
The consultant described Jay as an excellent client — cooperative, decisive, and easy to communicate with.
Most impressively, the entire deal was closed within just two days after a single meeting, reflecting:
The key factors for this efficiency were:
- the client’s clarity
- trust in our process
- and the efficiency of RIZ & MONA CONSULTANCY’s team.