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Categories Business, Business License, Business Setup, dubai

Steps to get an Industrial License in Dubai UAE

Industrial License In Dubai : The business world in the United Arab Emirates is growing quickly. As the business world grows, getting a legal license to start a business has become a must. At the moment, the UAE offers licenses in fields like housekeeping, manufacturing, importing and exporting, and freelancing. Steps to get an Industrial License in Dubai? is the subject of this article. In Dubai, businesses that turn natural resources or raw materials into finished goods need an industrial license. This change can be done by machine or by hand, and it can start with raw materials or materials that are already partially made. Most industrial licenses are given by the DED, which stands for the Department of Economic Development. These licenses are used for activities like sorting, making, packaging, storing, and gathering. But the license must be approved by the Dubai Municipality and other ministries and authorities.

The industrial license can be given to businesses in the following fields:

  • Textile manufacturing
  • Paper manufacturing
  • Food industries
  • Bread manufacturing
  • Manufacture of petroleum products
  • The casting of the metals industry
  • Engines and equipment manufacturing

Conditions to Be Fulfilled to Get an Industrial License

Before you apply for an industrial license, make sure that you have met all of the requirements set by the UAE Ministry of Industry and Advanced Technology. Here is a list of the requirements:
  • Office Space: If you want to apply for an industrial license, your company must have a warehouse and an office in the UAE. It's not okay to have a virtual office space.
  • Local License: You need to get an industrial license from a local licencing office.
  • Capital: Your business must have at least AED 250,000 in capital.
  • Employees: At least 10 people must be working.

Documents Needed to Obtain Industrial License in Dubai

  • Company’s registration document
  • Shareholder passport copy
  • UAE local sponsor’s National Identity copy
  • Memorandum of Association with the shareholders and local sponsor
  • Data report on the production costs
  • The business model of the factory
  • Blueprint of the Factory plans
  • Land Lease Agreement for the site when approved

Procedure to Obtain an Industrial License in Dubai

  • You need permission from the Dubai government to start a business or make changes to an existing one.
  • Once you get their OK, you have to go to the Department of Economic Development (DED) and ask for an industrial license.
  • The DED will get in touch with you once your application is accepted.
  • Your license must also be approved by the Industrial Registry, the Chamber of Commerce and Industry, the Ministry of Health, and any other relevant authorities.
  • You must use the above documents in a way that meets the requirements of the right authorities.

Cost of getting Industrial License in Dubai

How much it costs to get an industrial license depends on where you want to get the license. The cost of getting an industrial license depends on whether you want to do business in the mainland or in a free zone. Other things to consider are the cost of renting space, the cost of extra permits and registrations, and the cost of the business license. On average, it costs about 35,000 AED - 50 000 AED to get a license for a business. Cost may differ based on the activities & and various other factors. You can call Balck Swan now to know about the cost.

Privileges of Industrial License

Companies that have industrial licenses in the United Arab Emirates have been given special rights by the government and ministries there. The goal is to encourage businesses and get more money invested in them. Here are some of the reasons why getting an industrial license in Dubai is a good idea:
  • Conditions for renting space that have been made to help the investor
  • The government gives you cheaper land to build your business on.
  • Prices are lower for water, electricity, and other things that people need.
  • Advice on how to improve your industry was based on what other industries like yours did.
  • Loans for products with new ideas can have lower interest rates.
  • During the R&D phase, the government will give you money if your product is expected to help the economy.
  • Exceptionally high-quality goods will be the top priority when the government buys things.

Obligations of an Industrial License Holder

The United Arab Emirates' federal government has put some requirements on a business license holder in Dubai. You must follow the rules if you don't want bad things to happen and if you want your business to run smoothly. As soon as your project is approved, you have 6 months to start building your industrial space.
  • Send the Department of Economic Development all the documents they need (DED).
  • You must first send a letter to the Department of Economic Development when you are ready to start your industrial operation. After that, DED gives a certificate of authorization.
  • Your business needs to be on the registry of businesses. Send a letter to the right people asking them to register you.
  • If you need to make changes or additions to your company's records, you must send a letter to the Department of Economic Development. The letter must be written in a certain way and describe the changes.
  • You can't sell or rent out the land that the government gave you to help your business grow.
  • Your company must make a list of all the workers who have signed up and send a copy to the DED.
  • If it doesn't say otherwise, none of the goods or materials that were brought in after a request for customs duty exemption can be used.
  • Follow the rules, laws, and policies of the land to the letter.
  • All instructions about keeping fit, keeping clean, and making sure the workplace is safe must be followed to the letter.
  • Reports need to be sent to the right people on a regular basis.
Blackswan Can help you in Getting Industrial Licence in Dubai Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Company Formation In Quoz Mainland Industrial Area Dubai, Industrial License In Dubai
Categories Business, Business Setup, company, dubai

Advantages of Opening a Company in IFZA free zone

Want to start a business in a free zone but don't know what the benefits of IFZA company formation are? You don't need to look any further because this blog has everything you need to know. More and more people are interested in starting a business in this area. This is not only because it is in a good spot in Dubai, but also because it gives entrepreneurs so many opportunities. First, it's important to note that the free zone's location in Dubai is enough to help a business grow on its own. This is because the emirate has built a reputation as a place where people who want to get things done go. It has become one of the best places in the Middle East and the whole world to start a business. Also, the country has taken many steps to keep up with the constantly changing business world. Free zones in the UAE, in particular, have a lot of benefits that can help businesses grow. Read on to find out more about how IFZA companies are made.

Why choose business setup in IFZA?

IFZA, which is also called International Free Zone Authority, has become one of the most important places for investing in the UAE. Over the years, IFZA has grown into a strong platform with more than 800 partners around the world and a large global network. The free zone has set up a community where small and medium-sized businesses (SMEs) can join a large platform. This platform is made to give international and local businesses the tools they need to grow and thrive in a setting where innovation and development are important. The area has a variety of facilities, including warehouses, apartments, and office space.

Advantages of IFZA company formation

It's clear that there are a lot of benefits to IFZA company formation. Here are some of them:
  • Full ownership of business:IFZA lets foreign investors own 100% of a business they start.
  • Full profit repatriation: Companies in a free zone can send all of their profits back to their home country. This gives them the freedom to send all of their money back to where they came from without any rules.
  • 0% corporate tax: The laws of the UAE say that businesses don't have to pay corporate tax on their income. This means that you can keep all of your profits.
  • 0% import or export tax: In contrast to the mainland, there are no customs duties in free zones.
  • Strategic location: The free zone is in an important part of Dubai. This gives investors access to global markets that are among the best in the world.
  • Global connectivity: Dubai is home to people from all over the world, and you can connect with a global business community there.
  • Range of business activities: In a free zone, you are free to do a lot of different business things.
  • Time-efficient and simple registration process: Getting a license is a quick and easy process as a whole. The investors also have easy access to services for starting a business and running it in a free zone.

Reasons why company formation in IFZA is the right move for your business

One of the best things about company formation in IFZA is that it gives entrepreneurs who want to move up in the business world a variety of packages to help them get started on the right path. IFZA is also the only free zone in the UAE that gives investors who set up a business "‘lifetime visas." Also, the area is strategically close to a lot of important markets. The pros of starting a business here are also much more important than the cons of IFZA company formation. The rules and regulations that apply to companies set up on the mainland do not apply to this area. Branch companies, holding companies, and Limited Liability Company (LLC) with one or more shareholders are the different types of business structures in IFZA. One of the best things about forming an LLC in IFZA is that you can only lose as much as you put into the business. One of the biggest perks when it comes to company formation in IFZA is that it offers an array of packages to entrepreneurs who want to advance in the field of entrepreneurship and to set them

Unique features about IFZA business setup

IFZA is one of the few free zones in the UAE that stands out for its unique benefits and the chances it gives investors. These things are:
  • There is no need for the investor to send in an audit report every year.
  • No paid-up share capital requirement
  • Owners and employees can get a visa for up to 3 years.
  • There is no need for employees to put down a guarantee deposit in a free zone.
  • Permission to have an office online
  • Investors don't have to be physically present when a company is formed.
  • No letter of support is needed from the current visa sponsor

Trade licenses offered by IFZA

There are different licenses available in the free zone, such as: The entrepreneur can conduct up to 7 activities under one trade license. IFZA is also one of the few free zones in the UAE that allows professional, commercial, and industrial activities to be done under the same license. E-commerce is also not seen as a separate thing to do. But if you have a general trading license, you can still sell goods on online platforms. Tags : IFZA company formation, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, IFZA Dubai free zone Company Formation Process, Company Formation in IFZA Dubai Free zone
Categories Business License, Business Setup, company, dubai

Sole Proprietorship Company Formation in Dubai

A sole proprietorship is an exciting way to start a business because it is owned and run by one person, and the business license is also in their name. It's a common way for people who offer professional services to set up a business. One thing that makes a sole proprietorship different is that it can't have any shareholders or partners, nor can it have a company or corporate body. Even though there is no shareholder in this case, you may need to hire a local service agent depending on the type of business you run to help you go back and forth to get government approvals, licenses, visas, and more. As is the case with Local Service Agents in general, they don't have any say in how your business is run and don't have any shares in it. You still own it 100%, but they get paid an annual fee for the services they provide. The cost of setting up a sole proprietorship business is lower, but the fact that the owner is responsible for everything can be a problem in the long run. The person in charge of a single-location business is responsible for all of the money, both the profits and the losses and debts. In this case, if the business ran into financial trouble, the person might have to use all the money they've put into the business as well as their own assets to pay off those who are owed money. At Black Swan, we know both the technical details of setting up a sole establishment and the risks that come with it. Our goal is to make these processes easier for you, help you understand your options, and give you the best strategies for your business. Let's try to do great things together!

Benefits of a setting up a sole proprietorship

Setting up a sole proprietorship has many benefits for the person doing it. Here are some of them:

100% Ownership

Owners of sole proprietorships enjoy having full control over their businesses, whether they are from the area or from another country.

Ease in trading

The fact that sole proprietorships and other businesses with a mainland license can easily do business anywhere in the country, even in free zones, is a huge benefit.

Affordable

The UAE Government got rid of the paid-up capital requirements that used to be in place for sole establishments so that qualified people could use them more easily.

Operate as an LLC

People who want to start businesses in the service industry have a golden opportunity to set up their businesses as LLCs. With an LLC, the investor's personal assets stay safe, and they are only responsible for the amount of money they put into the business.

Documents required to set up a sole establishment

For a sole proprietorship company formation, you need to send in all the required documents, just like with other licenses and types of businesses. This makes sure that your application goes through smoothly. Here are the things that need to be done;
  • Filled application form
  • Passport copy of the owner
  • Owner’s residence visa or visit visa copy
  • Business activity and trade name options
  • Proof of registered office address
  • Local service agent’s Emirates ID copy (if any)
  • Proof of knowledge in the professional field (educational qualifications or professional experience/ required by some activities only)

How can you establish a Sole Proprietorship?

The Department of Economic Development (DED) is the main governing body for businesses on the Mainland. If you want to do business in any Emirate, you must get permission from the DED to do so.
  • The first thing you need to do to set up a sole establishment is to send the DED your business activities and business name to get initial approval. This is a sign from the DED that you can move forward with the rest of the process.
  • Depending on how you run your business, now would be a good time to hire a Local Service Agent. Along with this LSA, you must write and sign an agreement that spells out each of your duties (as well as the annual fee that the Local Service Agent will be awarded, if required).
  • After those things are taken care of, it's time to think about office space. For mainland licences, you must have a physical office. You must send your tenancy contract and Ejari to the DED along with other documents after you've rented an office space and made sure everything is set.
  • Now would be a good time to apply for any special permissions that your business might need from other groups.
  • When you have all of the above, you can send all of the paperwork back to the DED, make your payment, and get your business licence.
Setting up a business can quickly become a boring job if you don't have help from a professional. We want to give your business the boost it needs to be successful. Get in touch with our expert team and let's get the ball rolling on how we can help you set up a sole proprietorship. Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai
Difference Between Foreign Trade Foreign Investment
Categories Business License, Business Setup, dubai

Difference Between Foreign Trade & Foreign Investment

Globalization has changed the shape of markets all over the world and how business is done. As part of globalization, foreign trade, which is the buying and selling of goods and services in different parts of the world, is one of the most important changes. The next big change that globalization has brought about is foreign investment, which is when people and businesses put their money into companies based in another country. Foreign trade and foreign investment both bring in money from outside the country, which helps the country grow. Let's look at the article to figure out what the difference is between international trade and international investment.

Definition of Foreign Trade

Foreign trade is the act of buying and selling goods and services on markets outside of your own country. It makes it easier for goods to be sold on the market of a country other than where they are made. It means that there are more goods to choose from because the prices of similar goods are almost the same. So, the producers have to compete with each other. A country needs to trade with other countries in order to get the resources it needs. This means that trade between countries happens because no country is self-sufficient. So, to meet its needs for natural or man-made resources, it trades with a country that has a lot of them. Also, it's good for the countries that have a lot of certain minerals or other things to sell them to other countries. Importing, exporting, and re-exporting are all types of international trade. Foreign trade is governed by trade policy, which is made up of guiding principles and control measures that help keep track of the country's exports and imports.

Definition of Foreign Investment

Foreign investment is when a large amount of money from a foreign person or company is put into a domestic company. This means that the foreign person or company owns a lot of the company and also runs it. In short, foreign investment is when money from a country other than the company's home country is put into the company. So it causes capital to move from one country to another. It can take the shape of: Foreign Direct Investment: Investment from outside the country in a company's production or business.
  • Foreign Portfolio Investment: A foreign company put money into the stock market of another country.
  • Foreign Institutional Investment: Foreign investors put money into the company's passive holdings, which are used by the company in a different country.

Key Differences Between Foreign Trade and Foreign Investment

We will talk more about the differences between foreign trade and foreign investment in the following points:
  • Foreign trade is the exchange of goods and services across the borders of a country. Foreign investment, on the other hand, refers to the type of investment that a company or person from one country makes in the equity of a company in another country.
  • Every country doesn't have all the resources it needs, which is why it needs to trade with other countries to get the resources it doesn't have. On the other hand, foreign investment tends to meet the company's capital needs from outside the country.
  • Foreign trade links the markets of countries all over the world. On the other hand, foreign investment brings money, technology, and other resources to the company that were not there before.
  • Foreign trade gives American businesses a good chance to sell their goods around the world and reach more people. On the other hand, foreign investment tends to bring in long-term capital in a foreign currency.
  • The main goal of international trade is to make money and make a name for oneself on the international market. Unlike a foreign investment, which is made with the goal of getting long-term returns and having a stake in a company in a different country.

Conclusion

The Gross Domestic Product (GDP) of a country goes up when it trades with other countries or gets money from other countries. This is an important source of economic growth. To sum up, foreign trade is the buying and selling of goods and services. Foreign investment is when a foreign company invests money for the long term in an international market. Black Swan can help you in Company Registration in Dubai, Oman & Saudi, Fill up then form below and get a free quote Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai
Categories Business Setup

How to get Trade License in Dubai quickly

Businesses from all over the world can find great business opportunities in Dubai. It has two main kinds of business zones: the mainland zone and the free zone. In the mainland business zones, only a part of the business can be owned by the owner, and there are other licencing rules as well. In the next post, we'll talk about how to get a business license in Dubai right away. The instant trade license is given to the business owner as soon as the application is submitted. This makes it easy to start a business quickly. Find out everything you need to do to get a business license right away in Dubai. Let's start by talking about what a business license is and how quickly you can get one in Dubai.

What is an instant license and how does it differ from the regular license?

You can get a professional or business license in Dubai right away if you use the instant license services. With the instant trade license, business people can start their businesses on the mainland quickly and with little paperwork. The Instant License Dubai is so easy that the whole process can be done online in as little as five minutes. For the first year, this license doesn't even need the rental agreement and/or Memorandum of Association (MOA). After the business license has been renewed, these documents can be sent in by the business owners.

What are the benefits of the instant trade license in Dubai?

The normal business license could take up to two or three days. In Dubai, it might only take five minutes to get an instant license. The requirements for an instant license are much less than those for a regular license. Since the instant trade license is given out on the same day, business owners can set up business in Dubai. In turn, this makes it easier for people to do business in Dubai. After getting a Trade License in Dubai , business owners can start running their businesses right away. The documentation process is also easier with an instant license. During the first year of business, the business owners don't have to register their trade name. The process of applying is very simple. This can be done either online or in person. Getting a UAE Mainland Trade License is usually a long process that can take anywhere from one to three months or more, depending on the services the company offers, the time it takes to prepare documents, and the needs of the business. With an instant license, you don't have to sign a lease for twelve months. This lets investors get into the market for less money and check out the business market before spending a lot of money. Before a license can be used for certain activities, it is quickly taken away by the trade name and the first approval step. The license for instant trade is given for the following business domains:
  • Civil company
  • One person L.L.C.
  • Limited liability company
  • Sole proprietorship

Am I qualified for an instant license?

Anyone can ask for an instant license, not just public or private companies with shares. This includes general trading companies. With an instant license, you can set up a Limited Liability Company (with multiple shareholders), a Single Limited Liability Company (with just one shareholder), a sole proprietorship, or a civil company. Foreign shareholders can only apply for an instant license if they have a valid UAE Residence Visa and Emirates ID. To finish the online application process, they also need to apply for a UAE Smart Pass.

What are the Terms and Conditions to Get an Instant trade License?

  • Online applications don't need any papers to be filled out. Keep in mind that the DED's e-services platform is only used to request and apply for General Trading licenses in Dubai.
  • If you apply through a different route. Then that person needs to have a valid UAE visa with him. When applying for a license in UAE, at least one investor or shareholder in the company must be there in person.

What documents are required for obtaining the instant trade license in Dubai?

Like any other license, the documents you need to get an instant license depend on the type of business you run. Some Businesses require less documents for obtaining instant license. While others need much less proof. You can apply for an instant license through one of two ways:
  • DED e-Services Platform
  • Smart Lounge, Happiness Lounge and Service Centres
If you apply for an account through the DED e-Services platform, you only need your original ID to create an account. If you apply at one of the Happiness lounges, Smart lounges, or Service Centres. These are the papers you need:
  • Copies of all the partners' and managers' passports
  • Copy of the non-Emiratis' visa to live in the UAE
  • Emirates ID of those who are not Emirates
  • If the non-Emiratis don't have a UAE residence visa, they have to give a copy of the UAE visit visa NOC from the sponsor of the residence visa holder's Emirates ID and copies of the passports of the local sponsor.

How much does it cost to get an instant trade license in Dubai?

In the first year, the applicant must give a voucher worth AED 250. If you want to get a license to work in the mainland zone, you need a sponsor who charges an extra fee.

What is the step-by-step process of obtaining an instant trade license?

How to get an instant business license in Dubai, step by step:
  • Sign into DED e-Services and look for the application form.
  • Choose the type of business you have and how your shares are held.
  • Choose from the list of possible trade names and enter the share capital of your company.
  • Upload the necessary documents according to the size and type requirements given.
  • After a successful registration, a payment voucher will be made.
  • Pay the money.
As the most developed, diverse, and expanded region in the UAE, it has a lot of business opportunities. It's no surprise that Dubai attracts thousands of foreign businessmen and international investors every year to set up their businesses there. After getting an instant trade license in Dubai, you can trade and do business in Dubai, United Arab Emirates. You can go to the official websites of the DED and the Dubai Government to find out more and sign up. Contact Black Swan team if you find difficult in getting Trade License in Dubai Tags : Trade License in Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Categories Business Setup, Real Estate, uae

Process to become a Real Estate Agent in Dubai

In the last year, UAE's real estate market has come back stronger than ever. Lots of people want to get into Dubai's real estate business because of the city's ultramodern skyscrapers, amazing engineering feats, and busy nightlife. Do you know how to talk to people? When you close a deal, do you feel a rush of happiness? Then you should consider becoming a real estate agent. Find out how to become a real estate agent in Dubai by reading on.

Why Become a Real Estate Agent in Dubai?

People want to become real estate agents, brokers, or realtors in the UAE for a number of reasons. First of all, you will be working with property, which is the most expensive asset on the market. If you know how to sell and negotiate well and are willing to work hard to build a good reputation, you can make a good amount of commission on top of your basic salary.

People choose to be real estate agents for two reasons. The first is that it's a good way to make money. It's an interesting job that gives you great chances to meet a wide range of clients from different backgrounds.

It's not easy to become one of Dubai's well-known real estate agents. Since it's a competitive field, you'll have to work hard, talk to your customers often, and learn to figure out what they want.

Some brokerage firms hire real estate agents on a commission-only basis as independent contractors. While others have a basic salary plus commission. But no matter what, commissions are where most of an agent's money comes from.

If you want to know how to become a real estate agent in Dubai, there are many steps you need to take. And it takes years of building a strong portfolio to become a successful agent. Training modules put on by the Dubai Real Estate Institute are the first step in becoming a real estate agent (DREI).

How to Become a Real Estate Agent in Dubai?

Here is a step-by-step list of what you need to do to become a real estate agent in Dubai:

Step 1: Obtain a Residency Visa (For Foreigners)

To become a real estate agent, the first thing you have to do is get a residency visa.

Anyone from the UAE or the GCC can sign up for the licencing process. To apply for a job as a real estate agent in Dubai, an expat must have a valid residency permit. You can get a work visa from your employer or a residency visa if your spouse works in Dubai and pays for it. For the same things, you will also need an Emirates ID.

Step 2: Apply for DREI Certified Training

Once your residency visa is ready, you should sign up for training with the Dubai Real Estate Institute (DREI). Certified Training for Real Estate Brokers is a four-day course that aims to teach people what they need to know about the city's real estate business.

The Dubai Land Department's regulatory arm, the Real Estate Regulatory Agency (RERA), has approved this course (DLD). Some of the topics covered in this course's different modules are:

  • History and Development
  • The Business of a Broker
  • Concepts, Definitions, and Market Players
  • Sales Processes and Agreements
  • Leasing Process and Rental Agreements
  • Code of Ethics
  • Introduction to Owner’s Associations
  • Legal Module
  • Essential Skills

You can take classes online or at the RERA agent registration training centre at DLD. 

Step 3: Attend the RERA Exam

After your four days of training, you must take a written RERA registration exam. If you have a bachelor's degree, the exam fee is 3200 AED. If you don't have a degree, the fee is 6300 AED. The test is easy if you've really studied what you learned in the certification course.

From the above, it's clear that you don't need a bachelor's degree to become a real estate agent. But having a degree will help your career in the long run, that's a given.

Step 4: Obtain Realtor License

As a real estate agent in Dubai, you will be able to get a license once you pass your exam. Getting a certificate of good conduct is another thing you need to do to get a license as a real estate agent.

Once you have done all of these things, the Economic Department will give you a license and a card to work as a real estate agent. After you send in all the required documents, you will get all of your credentials in one or two days.

It's important to renew your realtor's license a month before it expires to avoid getting fined by the organisation that gave you the license.

How to Renew Your Realtor’s License in Dubai

To get your real estate license renewed, you must take the RERA agent registration exam again and get a score of at least 85%. Once you pass your test, you can finish the rest of the steps to renew your license.

If you don't renew your real estate license by the due date, your license could be taken away or you might have to take the training course again.

For the renewal process, the following papers are needed:

  • Copy of valid passport with the residence permit
  • Personal photo
  • Certificate of qualification

If you want to become a real estate agent, broker, or realtor in Dubai, you need to take these steps. In short, you need to get a residency visa, apply for training that is approved by the DREI, and take the RERA exam. After that, if you pass the test, you can get a license to be a real estate agent.

Business setup consultants in Dubai and the United Arab Emirates, like Black Swan, help with company registration in Dubai. We can show you how to set up a new business in Dubai the right way. Contact us if you have any questions, and sign up to be a real estate agent now!

Tags : Real Estate Business Setup Dubai, How Start Real Estate Business Dubai UAE, How Get Real Estate License Start Real Estate business, Make Top Virtual Destination Investing Dubai Real Estate , Steps to Start Real Estate Agency in Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation

 

Categories Business Setup

Catering Business Setup in Dubai

As Dubai's economy continues to grow, there is a growing need for investors from all fields, including the catering business. Anyone who is good at running a business and knows how to serve high-quality, varied food and showcase the famous hospitality of Dubai can try it. The business would be able to get a lot of different kinds of customers, like tourists, corporates, big and small businesses, and regular people. Setting up a catering business setup in Dubai may be the dream of many new business owners, and Black Swan can help you do it quickly and easily. Here are some of the most important steps you need to take to start a catering business in Dubai.

Business Activity

Catering is a big field with a lot of subfields. Before you can move forward with your plans, you need to figure out exactly what kind of catering service you will offer to your clients. Choose who you want to serve, because that will affect the service and food you offer. Customers must like the food your business serves, whether it's a gourmet meal or a simple dish. You should also think about whether you will serve the public, private, or corporate sector and change your services accordingly. Having a general idea of your customers can help you decide where and how to take orders. This can also help you figure out how much it will cost to make a website or get an office to take orders.

Select a location

You have to decide where to set up your business based on a number of things. Think about who you want to reach when deciding where to put your business. This could happen on the main island or in the Freezone. At different places, there are different rules that apply. The Freezone areas would probably be cheaper because they don't have to pay taxes and can be owned with 100% foreigners. If you want to start a business in a Freezone area, you must apply for a license at the Dubai Department of Economic Development or the authority in charge of that area.

Select a Unique Company Name

You must follow the rules for naming a business in the UAE when you come up with a name for it. First and foremost, the name of the business should describe what it does. According to the rules, the name shouldn't be bad, offensive, or use the name of God. Most importantly, the name can't already be used by a business that offers similar services or by a government agency. It also can't make any references to political groups. Check to see if the name you want is already taken. Before deciding on the name and registering it, you have to follow a number of rules.

Company Structure

Once you've chosen a name for your business, the next step is to figure out how it will be set up. It tells you how much power you have over how the company works. This choice needs to be made with a lot of care because it will have a lot of legal and financial effects on your business in the long run. You can be the only owner and keep all of the money you make, or you can invest with other people. These choices would affect how the different parts of the company are set up and how much control you have over them. Even if you are an Foreign investor, you could get full ownership in Dubai's free zones. You also have to decide how much you want to charge for your services.

Apply for business license

With a clear plan for how your catering service will work, you must apply for the license you need at the right government office. Once you've registered your name, you'll need to get a professional license from the Dubai Department of Economic Development (DED). The Dubai Food Safety Department is the best place to find out what licenses your service needs. If you want to bring goods or materials into the country, you will need a license. You will also have to show the authorities your detailed business plan and design in order to prove that your business can be successful. This includes showing them a clear and detailed floor plan of your business area and the equipment you would use for production, sanitation, and storage. You must have all of the necessary documents ready for inspection and make sure they meet the standards. The price of a catering license depends on what kind of business you run and how big it is.

Rent a Kitchen

The most important thing about a catering service is the food and drinks it provides. Since the food must be made right before it is served, you will need a large, clean place to cook and store the products. To do this, you must either rent or lease a place. When choosing a place, think about who you want to serve, how much you can make, and what kinds of food you will be making.

Open a bank account

To get paid, every registered business needs a corporate account. For this, you'll need a valid Trade License, Certificate of Registration, Company Memorandum and Articles of Association, copies of your passport, and any other documents that your bank asks for. This is a very important step in setting up your catering business, and you can count on us to help you all the way through.

Conclusion

Starting a catering business in Dubai is one of the best ways to make money with a business. It is also one of the most interesting things you can do for business in Dubai. Even though the process seems hard at first, don't let that stop you from making money in the long run. Black Swan is a business setup consultant in Dubai who can help you get your catering business registered by giving you the right information at the right time. Contact us if at any point you feel overwhelmed by the paperwork or the formal registration process. Tags : Start a Catering & Food Delivery Service Business in Dubai, Construction License in Dubai, Construction Company Setup in Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai
Categories Business Setup, company, dubai, How To

How to Register a Forex Trading Company in Dubai

Forex trading in Dubai, UAE, is a popular way for many foreign investors and business owners to make money. Like all other businesses in the UAE, forex trading businesses in Dubai, UAE are well regulated by the local government. In fact, the UAE government gives the forex industry in Dubai all the help it needs and more. Because the government of Dubai has helped and thought ahead, the city has a huge forex market that traders from all over the world can enjoy. Learn How to Start a Forex Trading Company in Dubai by reading this information below. Most of the people who live in the United Arab Emirates are expats, which means that there are more foreigners living there than people who were born and raised there. Because of this, the foreign exchange market in the United Arab Emirates would be busy even if there were no forex traders there. This makes the forex markets the most stable and profitable business in the world. If you think you have what it takes to start a forex trading business, you can definitely make a lot of money in this field. There are a number of free zones in the area that these financial companies can use. For example, DIFC, which stands for Dubai International Financial Center, is the best and most popular choice for entrepreneurs who want to start a forex trading business in Dubai. No matter what, if you are good at forex trading and know what you are doing, you can make a lot of money from your investments.

Steps to Register a Forex Trading Company in Dubai, UAE

If you want to start a forex trading business in Dubai, you need to get a forex trading license from the Dubai Financial Service Authority or the authority in charge of the free zone where you want to do business. You should also remember that it is against the law in the United Arab Emirates to trade without a license to do so. If you want to get a forex trading license, you can always get help from business setup consultants in Dubai, UAE. Here are the steps you need to take to open a forex trading business in Dubai:

Choose a business setup consultant

The first step in starting a forex trading company is to find a reliable business setup consultant in Dubai, UAE, that has a legal relationship with a government agency. Before you open an account with the broker you choose, take the time to learn as much as you can about them. Most brokers give you a demo account where you can trade without putting any real money into it. So, you can check your demo account to see if the broker you chose is right for you.

Obtain a Forex Trading License in UAE

After choosing a good broker for your business, you need to get a forex trade license from the Dubai Financial Services Authority, or DFSA. The DFSA keeps an eye on all kinds of trading in the country's financial market. The DFSC checks your company to see if you have what it takes to run a forex trading business in Dubai, UAE.

Start a Forex Trading Company in Dubai

You can start forex trading in Dubai once you have a license to do so from the Dubai Financial Services Authority. Remember that you need to make a solid plan for your money and stick to it. People who don't know what they're doing and don't have a lot of experience can get hurt on the forex market.

Benefits of Forex Trading Company in UAE

There are some things that the forex trading business can offer that no other business can. This is because the forex business is different from other kinds of businesses. With a daily turnover of around $6.7 trillion, the foreign exchange market is one of the biggest places to do business. As we can see, the forex market's size gives it some advantages that no other market can offer or copy. Here are some of the reasons why a forex trading company in Dubai is a good idea:
  • Stability and Security
First of all, it is thought to be one of the most stable business sectors because it has a lot of money and is big. Even the biggest players can't change the market, which is different from the stock market, which is easy to change. And because the government in Dubai keeps a close eye on the forex market, it is very safe. You can start a forex trading business with little trouble and run it in a legal way.
  • Flexibility
Flexibility is the best thing about a forex trading company. You can take care of your business from anywhere and at any time. You only need a computer and a good internet connection to trade on the forex market. It can be done on a laptop or even a phone. You have a lot of freedom to find a good balance between work and your personal life. Unlike the stock market, you can still make a lot of money even when times are bad.
  • Tax Benefits
Even though Dubai said it would start charging a corporate tax, a company needs to make at least USD 102,000 to be able to pay the tax. On top of that, the business needs to be on the mainland. Companies in the free zone areas don't have to pay corporate taxes. So, you can start a forex trading business and benefit from not having to pay taxes, which will help you make a lot more money.
  • Easy to Begin
The foreign exchange market is easy to get into and get out of because there are so many transactions every day. It is easy to change your position or sell it off on the market. If you are looking for reliable brokers who can help you set up a forex trading company in Dubai, UAE, Black Swan can help you set up a forex trading company in the mainland or free zone areas. Contact us today to learn more about registering a forex trading company in Dubai. Tags : Set up a Forex Trading Company in Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai
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