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To get started in an IFZA free zone, you will need to apply for a business license. Various types of free zones in Dubai offer different types of licenses. Then, choose a trading name and register it. Keep in mind that the name you choose should follow government conventions. Once you have a trade name, you can start working on establishing your business. The next step is to find a corporate bank. You can do this through the free zone or a company formation specialist.
Choose the business activity
Once you’ve chosen the type of free zone, you need to choose the type of business activity. This will help you determine which type of license will work best for your business. Some free zones specialize in one sector, while others are more general. Some types of business activities require a license specifically for that sector. These categories include pharmaceuticals, healthcare, trading, and IT. Once you’ve chosen the type of business that you’re interested in, you need to decide where you’d like to set up your new company.
Choose a trading name
The first step in establishing a business in a free zone is to choose a trading name. Most free zones don’t register both types of businesses. For example, if you’re launching a website, you’ll need to register your company with the DED and DMCC. As long as the name of your business is not restricted to one country, you can incorporate it in several different free zones.
Make sure to get a license
A free zone is a government-run business that allows foreign companies to own 100 percent of the company. These zones are designed to attract foreign investment. They are governed by their authority, which helps establish a successful business. The licenses are renewable every year, so make sure you get a license before you begin. It is not difficult to set up a business in a free zone and enjoy all the benefits it has to offer.
The government of the UAE offers many advantages for entrepreneurs looking to set up a business in the free zone. The taxation is very low, and businesses can benefit from a low tax rate. The benefits of the free zone are many. Most free zones require physical office space for a business to operate. Besides, the government supports its citizens by ensuring that they have access to the necessary visas.