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23Nov2021

Ways & How to Start a Business in Oman

Like GCC countries, Oman company registration needs the involvement of some steps. Here comes the basic requirements that must be considered.

Oman Company Registration Process

Oman's company registration is the process where the business entities are given a physical platform. There are few steps for starting the process. They are for incorporation and post-incorporation process to follow for opening a company in Oman.

Oman's Incorporation Process

Trade Name

The trade name must relate to business and must be unique. Choose a name and submit its application to the Ministry of Commerce & Industry.

Submission Of Incorporation Documents

It is the initial stage where needed documents are submitted for initiating the incorporation process. Essential documents are:

Memorandum and Articles Of Association.
Shareholders' Passports And Visas.
Certificate of Tax Registration.
Shareholders ID card.
Filed Company Registration Form.
Certificate for Chamber of Commerce & Industry Affiliation.

Opening The Capital Account

When the documents are submitted, the capital account must be opened to deposit the fees of initial incorporation.

Registration With Chamber Of Commerce

You can register with Oman's Chamber of Commerce & Industry for compliance with commercial regulation and rules needed for the corporate in Oman.

Register Your Business

It involves the submission of essentials like:

Legalized Opening Forms.
Share Capital Certificate.
Municipality Approval.

Oman's Post-Incorporation Process

Visa Application

Apply for visa services for your employees, after the incorporation process. You can talk with visa consultants to get the visa services at a faster pace.

Employee Registration

Employees have to be acknowledged for the part of the business entity and the employee's registration must be mandatory under a company name.

Conversion Of Bank Account

Business capital account must be converted to a current account to ease the business transactions. Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation

Benefits of Company Registration in Oman

22Nov2021

company, Oman

Benefits of Company Registration in Oman

A company registration in Oman gives benefits to expats like free trade zones, tax exemptions and government special land allocation with incentives to prominent investors. According to the World Economic Forum, Oman has proved themselves in the international playground and their Oman has investment opportunities and tremendous commercial connectivity. The Ministry of Commerce and Industries look for innovative ways to support entrepreneurs and businesses to excel and succeed. macroeconomic environment is highly ranked in the top 20 countries of the world. Oman is the best place for settling as an expat family. Their government makes it easy to settle, offers freehold properties options along with property rights giving high security, accompanied with a safe environment. New regulations have been set for properties usufructing the mortgage system that permits foreigners to have long term properties for 99 years and to boost the real estate sector. Art infrastructure in the country makes them easier to commute and transport to Oman. They have many airports in certain regions to facilitate transport and connect between cities. Oman provides various trade licenses. On the basis of Omani law, investors benefit from an LLC set up, free zone set up, Open Joint Stock Company and Closed Joint Stock Company. These kinds of facilities permit investors to select the projects and activities of their choice. LLC is the popular Trade License that is used in Oman.

Oman Tax Environment

Oman has an investor-friendly tax environment for businesses. Oman doesn't include tax for business owners, and for personal income. Oman gives an exchange of taxes across the countries. The LLC Company of Oman has the corporate tax of 15% flat. Oman introduced the VAT system with just 5% in April 2021. Free zone companies can benefit from a complete tax exemption for 50 years. Goods and trading across the GCC moves for custom free.

Cost Of Oman's Trade License

Starting price for a trade license in Oman is 3,200 OMR. There are three different kinds of free zones today, and each differs from the other. For instance, the general trading license cost can be as follows:

Registration cost for Salah or Sohar Free Zone-3000 OMR annually.
Registration cost for KOM-2200 OMR Annual.
Registration cost for SEZD-1200 OMR Annual.

All license costs have to factor with consultant fees for setting up a company in Oman.

Business Setup Service in Dubai Mainland

18Nov2021

Business, Business Setup, dubai, DUBAI MAINLAND, uae

Business Setup Service in Dubai Mainland

Dubai has the encouraging environment for business investors and entrepreneurs to thrive. Company formation in Dubai allows organizations to trade inside the local business sectors like the direct businesses. Organizations have to enlist in the Dubai mainland through the Department of Economic Development of Dubai. To save cash and time, you have to complete your business setup process via a professional consultant. Black Swan gives solutions for your business set up in Dubai mainland. We have experienced business consultants at Dubai to give you direction and help you in the company formation process. We offer an UAE local business sponsor to form a company in Dubai's mainland. Dubai's business set up has UAE trade licenses, company enlistment, PRO administrations and government endorsements. Black Swan comprehends to set up a business in Dubai, with zero hassles and at affordable prices making proper connections, professional guidance and expertise. We observe customers' business and necessities and help to give solutions to set up a successful company within the best market cost.

Company Formation Locations of UAE (Dubai)

Dubai is the developed business set up destinations of the world. It has foreign investors and international entrepreneurs to build up their businesses in Dubai. Some popular regions for Dubai's company formation are:

Sheikh Zayed Road

Here the business setup has been a well-esteemed alternative for few businesses. Sheikh Zayed Road flaunts an amazing network and broad horizon that showcase its riches and development of Dubai. Their famous pathway had the portion of world's business pioneers and greatest corporate names of the industry.

Business Bay

This is known to be the focal business area that is ideal for any type of business niche. It has proficient consultancies, monetary areas, hotel industry and retail industry.

Al Qusais

It is located on the edges of Dubai with well developed business set ups. Educational institutes, shopping and clinical centres can be set up in this region. If you register your company in Al Qusais, it can make an economical choice.

Al Quoz

It has enormous garages, warehouses and labour accommodations. This is located on the west side of Dubai between Al Khail Road and Sheikh Zayed Road.

Deira

This is the most suited place for brokers, new businesses, little shops and SMEs. It is loaded with Dubai's customary shops known as souk, that offer business openings for dealers.

Jumeirah

This has residential plots and fantastic tourism sectors providing extravagant business development modules. It offers freehold properties to make SMEs set up companies.

Reasons to Setup a business in Oman Mainland

15Nov2021

Business, Business Setup, Oman

Reasons to Setup a Business in Oman Mainland

When registering a company in Oman, Mainland makes benefits to foreign investors like free trade zones, tax exemptions and government special land allotment for prominent International investors and entrepreneurs. Oman has the global playground and macroeconomic environment positioned in 20 main nations of the world based on the World Economic Forum. Oman has venture openings and gigantic business availability. The Ministry of Commerce and Industries search for creative approaches to help business visionaries and businesses to succeed. Oman has an incredible spot to settle as an immigrant family. Public authority makes it simple to settle, offers freehold properties alternatives along with property rights and a protected climate. New guidelines for properties usufruct the mortgage system that permits foreign investors and International entrepreneurs to appreciate long haul properties for supporting the real estate sector. Best in class infrastructure makes it simpler to drive and move to Oman. Oman has a few air terminals to support transport between urban communities.

Process Of Oman's Company Registration

The company registration in Oman has a cycle where the business entity has the actual stage. There are few steps to be followed in this process. Below mentioned are the means identified by the incorporation just like the post-incorporation process to follow when you chose to set up a business in Oman.

Oman Mainland Incorporation Process

Documentation for Oman Mainland Incorporation

Essential documents must be submitted for starting the incorporation process. They are:

Certificate of Initial Deposit
Identity Card of Shareholders
Tax Registration Certificate
Filed Company Registration Form
Shareholders' Visas and Passport
Memorandum and Articles of Association
Chamber of Commerce and Industry Affiliation Certificate

Capital Account Opening

As the documents are submitted, the capital account must be opened to deposit the initial incorporation fee.

Incorporation

This step has the submission of essentials like:

Municipality Approval
Share Capital Certificate
Legalized Opening Forms

Professional License in Oman for Healthcare Service

5Nov2021

License, Oman

Professional License in Oman for Healthcare Service

When you're a healthcare professional, who targets the job in the Gulf Cooperation Council (GCC) region, especially in Oman, learn about a few things. Regulators of the GCC region cannot practice without certifying that you're competent and the documents are real. The regulator that oversees equivalency certification in Oman is the Oman Medical Specialty Board. They need qualified foreign healthcare professionals to take the Prometric exam and obtain documents verification from DataFlow.

Oman's Medical Specialty Board

Oman's Medical Specialty Board has a self-governing regulator that has a vision that uses the word LIFE. They have to develop leaders to monitor the Impact of leaders' initiatives. For advancing the medical professions, they'll evaluate healthcare professionals' fitness for practice. Then foster the environment for education. Oman's Medical Specialty Board administers and oversees exams locally and internationally. Besides local exams, the contracted Prometric can dispense medical exams. This supervises the evaluation of the professional licenses issued from other countries. Prior to validating the documents, ensure its authenticity through the DataFlow issue and PSV Report on it.

Prometric

Prometric exam is most asked while getting an Oman Healthcare Professional license. Some think they need to get the DataFlow exam first before taking the Prometric exams. It's up to you to take either the Prometric exam first or the DataFlow test first. Here is the step by step guide of websites on the provider and regulator. People are apprehensive while taking exams. They need to know the questions asked. The questions cannot be provided prior to the test. At Oman's Medical Specialty Board website, you can find the coverage of exams. Nurses can have the exam coverage of 2.5 hours with 100 multiple choice questions. Visit Oman's Medical Specialty Board website to know more.

DataFlow

Oman's Medical Specialty Board needs your documents to get verified as authentic through The DataFlow Group. Sign up with TrueProfile.io to get this done ahead of time. You aren't tied up with one regulator of GCC. Transfer your PSV Report from TrueProfile.io to your preferred regulator, if you like to change your Oman's application. After choosing your employer, Oman's Medical Specialty Board will evaluate your documents. If your qualification gets awarded equivalency from Oman's Medical Specialty Board, you'll get a license issued to work. Contact experts at Black Swan for Business Setup service in Oman.

How To Set Up Dental Clinic in Dubai & Get Dental License

5Nov2021

dubai, How To, License, uae

How to Setup Dental Clinic in Dubai & Get Dental License

Dubai's Government is ready to assist professionals and investors of dental care and general medical. Most times, it is impossible for a country to offer all kinds of health facilities via government-controlled hospitals. Dubai permits healthcare professionals to open the general clinic or a private dental clinic.

Needs Of Licensure For Dentists To Start A Dental Clinic

Dentists who apply for licenses can have any one of the following degrees:

BDS (Bachelor Of Dental Surgery)
DDS (Doctor Of Dental Surgery)
DMD (Doctor of Dental Medicine)
Equivalent from the nationally accredited dental colleges or schools

Besides these, other dental practices can be followed Graduates of UAE dental universities or colleges, their program and university are accredited through the Ministry of Higher Education and Scientific Research. Dentists must complete one year of internship post-graduation. The applicant must get a valid license and a registration for practising at their home country or in their country of last employment. Applicants accepted in the Authorities Approved Residency Programs are granted the licensure title 'Resident' Dental Speciality certificates that are accepted with following conditions:

Obtain a full-time clinical residency program that has a minimum of three years course duration.
The full-time course of Clinical Master degree of minimum two years.
Clinical PhD having a minimum of three years course duration.

The specialization certificates with the validity period, will not be invalid at a time of application. Specialists having Tier 1 or 2 qualifications don't have to experience post qualification of the speciality field. Here comes the Recognized Specialities Title by the DHA for Licensing. The following Dentistry Specialties can be recognized by DHA in Dubai.

Endodontics
Oral and Maxillofacial Surgery
Dental Radiology
Orthodontics Pediatric Dentistry
Periodontics
Primary Care Dentistry
Prosthodontics
Forensic Dentistry
Restorative Dentistry

Getting Dental License In Dubai

You can register for the issuance of a dental license. Here are step-by-step procedures to give you better clarity.

Register at the Dubai Healthcare Authority official port.
Then register for the license along with your documents.
List of documents comes under Personal Information.
Nationally accredited educational qualifications as recognized by DHA.
Professional Qualification Requirements.
Official Educational transcripts.
Whole year's Mark list.
Current professional experience based as per DHA PQR criteria.
Valid professional license for practising expats.
Registration of the country from last employment.
Good Standing Certificate not older than 6 months.
Medical fitness test for applicant aged 65+
Medical tests must be taken at fitness centres of DHA.
Valid Passport Copy.
Passport size photograph.

Next step is to pass the DHA assessment to get the professional license. Assessment depends on healthcare professionals title and are not limited to oral tests. After the licensing exams, you're given the eligibility letter if the exam has been successful. Offer letter from the recruiting facility must have the professional title, sign of Medical Director, facility stamp and malpractice insurance from the recruiting facility.

2Nov2021

Business, Business Setup, dubai

Business Setup in Dubai Testimonial by Dr Karthik Narayanan

Are you planning to set up a company in Dubai? From starting your company and getting amazing office location to getting you a local service agent (if sponsor required). Get amazing packages from start to finish. Contact us on +971 56 219 3732

1Nov2021

company, company formation, How To

How to Register A Company In Oman

Now you can setup a Company in Oman with 100% Foreign ownership Oman is also said to be an official sultanate of Oman. It is located within an Arabic Peninsular. Based on geographic aspects, Oman shares borders with Saudi Arabia, UAE and Yemen. Economic diversification and progress are the factors that lead to the development of the country at a rapid pace. The investor undergoing the process of Oman's company registration can opt for the incorporation process without being physically present. These processes are carried within the limited time duration. An agent can be appointed for the incorporation process of Oman's company. Many sectors allow foreign direct investments. The Oman government has liberalised the foreign investments. A complete foreign investment is allowed for many sectors and they are beneficial for various investors. No need for a nominee shareholder or an Oman resident to incorporate the company. But cultural differences lead to the appointment of a local nominee shareholder. No minimum share capital is required for forming a company in Oman. Several forms of business structures are utilized by the investor. Oman's LLC can incorporate one director and shareholder. But there is no need to have a director or a resident shareholder in Oman. They have flexible business to carry out through a foreign shareholder. Oman's foreign investors get several benefits like interest free loans and different kinds of subsidies. Besides this, they also have tax exemptions. Oman has several free trade agreements with foreign countries. One of them is having a free trade agreement with the U.S. It is highly beneficial for U.S investors, as they have wide market availability for US Nationals. No forms of tariff are imposed in trade between US and Oman. Because of these above mentioned reasons, an investor can process the company registration in Oman.

Benefits Of Oman's Company Registration Process

Foreign Direct Investment

Since 2000, Oman has liberalised the foreign direct investments. Several sectors permit foreign investments. Oman's government has liberalised the foreign investments. A complete foreign investment is allowed in most sectors. This benefits the investors in different forms. There is no need of appointing a nominee shareholder or Oman's resident to incorporate a company in Oman.

LLC Formation

LLC is the utilised business entity of Oman. It is a straightforward process, it has one shareholder and one director. This kind of entity is formed with ease.

Free Trade Agreements

Oman has successful trade agreements with foreign countries. One such is the US-Oman agreement. It is beneficial for U.S investors as they can enjoy the wide market availability. No sort of tariff is imposed within Oman and the U.S.

No Need For Resident Shareholder

No need to appoint any resident shareholder for Oman. Getting a foreign shareholder can be the compliance burden for any companies in Oman. Therefore an investor doesn't need to carry the above requirements.

Business Eligibility For Oman's Company Registration

Following are the eligible business structures for Oman's company registration that are:

General Partnership

This form of entity can have two or more partners with unlimited liability. No minimum capital has to form a general partnership.

Limited Partnership

Two categories come under limited partnership like:

General Partners having liability to joint partnership. All partners can be equally liable.
Partner who have limited liability in capital contribution.

Limited Liability Company

This kind of company has two to fifty individuals. Liability with this form of entity is limited to a specific amount. If a company needs some type of consent, then getting consent from a regulatory body will be secure. For this kind of entity, the following minimum capital is required:

20,000 OMR (For GCC nationals or Omanis).
15,000 OMR (For mixed shareholding having foreign shareholders).

Joint Venture

It is the agreement of two or more people to form the company for a specific purpose or project. No minimum capital is needed for the joint venture company in Oman. Applicants going for an Oman's company can use the above structure for a particular period or project.

Joint Stock Companies

These companies are made with a minimum capital amount. Joint Stock Companies offer shares to the public. A minimum of three shareholders can form this kind of entity. Following minimum capital is needed for a Joint Stock Company:

Public Joint Venture Company must have OMR 2 million
Closed Joint Venture Company must have OMR 500,000
Converted from another form must have OMR of 1 million.

Holding Company

This should have some kind of control over subsidiaries and sister concerns. Almost 51% of ownership over subsidiary companies must be present. The holding company can have the LLC or a joint stock company. The minimum capital for the holding company is OMR 2 million.

Branch Office

The branch office is the extension of a foreign parent company. These offices carry out profit making activities.

Representative Office

Similar to the branch office, this is an extension of a foreign parent company. The representative office won't carry out the profit making activities. Only activities that promote a foreign parent company and marketing will be carried by the representative office.

Minimum Eligibility For Oman's Company Registration

Securing A Trade License

Foreign investors can go for a company registration in Oman to use the limited liability company. The LLC has to secure the trade license from the Ministry of Commerce and Investment. This has different types of licenses to carry out business in Oman. Depending on the applicant's needs, a license can be secured.

Minimum Shareholders

The minimum shareholders are appointed for the company. For instance, a Joint Stock company in Oman can have the minimum of three shareholders. Likewise, the shareholders are sufficed for the company's registration process.

Minimum Directors

Any minimum directors can be appointed for a company. The LLC must have at least one director for carrying out the operations.

Reserving Name

Name should be reserved with the Ministry of Commerce and Investment. LLC names can reflect the nature of activities that are carried by LLC. The name must not breach the rules related to copyright, trademark or intellectual property. Company names should not deceive the public and shareholders.

Protocol For Oman's Company Registration

Oman foreign investors usually incorporate a Limited Liability company. So the below procedures are followed to incorporate an LLC in Oman.

Selecting activities to carry out business

Applicants can choose activities that are carried by the LLC. If insurance and banking activities are carried, then applicants need to take consent from the Ministry of Commerce and Investment.

Company Registration

Before company registration, the applicant has to apply in the Ministry of Commerce and Investment to get a trade license. Other permits are needed to get secured by the applicant.

Document Submission

It takes time for the applicant to get approval from the Ministry of Commerce and Investment. At this time, the applicant can have documentation to register a company in Oman. Essential documents are articles of association of company and memorandum of association.

Name Reservation

Applicants have to pick a suitable name for their LLC. The name should have objectives and goals of business. It should be in Arabic and have a legal meaning in Arabic.

Incorporation Certificate

Above steps when completed by the applicant, they get the certificate of incorporation.

Compliances Needed For Oman's Company Registration

Following compliances are needed for Oman's company registration. Corporation Tax - companies should register with the Ministry of Finance for filing the corporate tax. Almost 15% of corporate income tax is levied by companies. Small Business Tax - needs only 3% of corporate tax, when authorized share capital might not exceed OMR 50,000. In such a case, the gross income won't exceed OMR 100,000. LLC Compliance - Notify the Ministry Of Commerce And Investment, if there are any changes in LLC. Annual General Meeting - is once per year.

Documents Required to Register a Company in Oman

Memorandum Of Association
Shareholders Information
Articles Of Association
Tax Registration Certificate
Certificate Of Initial Deposit
Identity Card Of Shareholders
Form Of Filed Company Registration
Chamber of Commerce And Industry Affiliation

How to Setup a Business & Register a Company In Dubai Mainland

28Oct2021

Business, Business Setup, company, dubai, DUBAI MAINLAND

How to Setup a Business & Register a Company In Dubai Mainland

Setting up a business in Dubai's mainland has been the most profitable opportunity for the foreign investors to turn their entrepreneurial ideas into reality. This can be the preferred destination for investors for registering their business and to sell in the United Arab Emirates market. Various reasons are behind the popularity of companies in Dubai's mainland. It includes the liberation to conduct business operations anywhere in UAE and Dubai. You must follow the standard procedures of mainland business setup in Dubai.

Dubai Mainland License

The mainland business setup of Dubai is called the onshore process of establishing the business. This can give you the chance to run your business at the center of Dubai. You can do business with UAE customers and their world seamlessly. Apply for a license to set up a business in the mainland. Procedures are simple and are quickly done online. Mainland's commercial activities can be governed by the Department of Economic Development (authority responsible to issue the license). The process of Dubai's mainland business setup can be made easy with foreign investors, and the government has a mandatory provision that partners with a local sponsor. The local sponsor has a shareholder that accounts for 51% of company shares and allows you conduct hassle-free business operations with local and government businesses of UAE. But the local sponsor may not be necessarily involved in taking part in decision-making of the company and use the exchange for the fixed annual fee.

Kinds Of License For The Mainland Business Set Up In Dubai

Based on your niche, there are various mainland business licenses available. Main types of permits for the mainland business setup of Dubai are:

Professional License

This license has a plethora of service activities. For instance, you get a professional license to offer medical and counseling services.

Commercial License

This license is composed of an extensive range of trading activities. For instance, if you sell the physical products offline or online, you require this license.

Industrial Or Manufacturing License

If you'd set up an industrial or manufacturing business in Dubai mainland, you have to apply for this kind of license.

Legal Structures For Dubai’s Mainland Business Set Up

Different legal structures are permitted to set up a mainland business in Dubai. Your choice of legal framework can depend as per your needs besides your budget or industry.

Branch
Sole Establishment
Limited Liability Company
Civil Company
Representative Office
Subsidiary

Advantages Of Mainland Business Setup in Dubai

If you're having thoughts of setting up a business in the mainland, you get a lot of opportunities. Five core benefits for setting up a mainland business in Dubai are:

Exemption Of Taxes

Dubai's mainland business set up allows you to benefit from a complete corporate tax exemption. Plus, the 100% repatriation of profits and capitals if you register the trade name in the mainland.

Operation Flexibility

Conducts business activities across UAE with the mainland business set up in Dubai. The business incorporation process is simple and needs only a week for completion.

Vast Business Activities

It has multiple legal frameworks and license flexibility across the niches of businesses that are easy to set up a business in Dubai. It can be a salon, tourism, eCommerce or real estate, Dubai has a welcoming approach for everyone. But you need to get permission from the UAE government.

Bidding On Government Projects

The advantages of mainland business set up in the UAE grants the permission to bid government projects. So, it's advised to partner along with a local sponsor who is the government official to leverage contacts and upgrade your business to greater heights.

Legal Procedures

No need to wait or check with the concerned department to get your business license. The mainland business set up gives hassle-free and fast licensing procedures.

Process Of The Mainland Business Set Up In Dubai

Here are the step by step procedure to set up the Dubai's mainland business:

Business Activity

A business activity must be decided to pursue in Dubai’s mainland.

Company Structure

As per the business activities needs, you have to select the company structure for the Dubai's mainland business set up.

Approval Of Trading Names

A trading name must resonate with your business and target customers. Ignore the use of offensive terms. You can submit the company's document for registration.

Business License

The license must be applied for an initial approval for the Dubai's mainland set up at DED.

Get Approvals

Apply for the special approvals of business activities. If your Local Service Agent and other documents get finalized, your business license is approved.

Visa Application

Apply for the business visa to stay in Dubai. You have to present your documents based on the UAEs mainland business.

Difference between Commercial & Professional License in Dubai

27Oct2021

dubai, License, uae

Difference between Commercial License & Professional License in Dubai UAE

There comes a need to get a business license in Dubai for starting a business. Common kinds of licenses issued in the emirate for businesses are commercial and professional licenses. Here, we can see the differences between these two.

Commercial License

Commercial licenses in the United Arab Emirates can be given to businesses that sell and buy products. Businesses that operate outside and within the UAE get a Commercial License in Dubai. The commercial licenses of the UAE have several ways for their commercial activities. You can trade locally by applying for the general trading license of UAE. File the export or import authorization form along with licensing authority. UAE has several business services and licenses to exchange products like machines, electronics, machinery and building materials.

Kind Of Activity For Commercial License

The business activity to sell tangible products needs a commercial license. Activities for the approval in issuance of commercial licenses are electronic trading, general trading and software trading.

Share Capital For Commercial License

The minimum share capital price is Dhs 30,000.
Fees for government license
Commercial license costing Dhs 17,000
Liability of the Commercial License

The commercial license can be issued for the limited liability company that gives shareholders limited liabilities and debts.

Professional License

Businesses or individuals can use the people's intellectual abilities to get a Professional License for offering their services in UAE and Dubai. It's known as Civil Works Corporation if the business has more than one male owner. Lawyers, auditors and consultants get professional licenses in Dubai. Craftsmen, IT service providers and mechanics are allowed to apply for the UAE Technical License. Expats having technical degrees own 100% of the company and are eligible to become the ultimate owners.

Activity Types in Professional License

Professional licenses can be obtained for those having the special knowledge or skill set and need to get service in exchange for a fee.

Ownership in Professional License

Expats can have 100% ownership if they have a professional license and become the sole owner.

Share Capital in Professional License

The minimum share capital to open the company with the professional license is Dhs 150,000.

Government License Fees in Professional License

The professional license is acquired for Dhs 11,000.

Liability in Professional License

Professional license holders can become the sole responsibility and establish business in all liabilities and debts.

Benefits Of Acquiring A Commercial License

The commercial trade license acts as a security and supervision for trading firms. Here are the advantages of holding a commercial license.

A single commercial trade license is used for a maximum of ten activities.
Several types of companies to choose from while registering.
Single license covers a plethora of related business practices.
You can secure commercial relationships with the Registrar of Companies and the Department of Economic Development.
Get residence visas for company management and employees.
Can open the corporate bank accounts with assistance.

Professional skills are mandatory for service-oriented companies. One must have a UAE professional trade license to open a business in the UAE.

There is a fixed annual fee for a professional license.
Highly suited for skilled professionals.
Transparency in client's dealing.
Businesses must apply for visas for employees.

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