• +971 56 219 3732 / +971 4240 6939
  • info@blackswanbss.com
  • Dubai
  • Oman
09:00 AM – 7:00 PM
Sunday – CLOSED
+971 56 219 3732
+971 4 240 6939
Dubai - UAE
Muscat - Oman
Cybercity - Mauritius

Blog

Black Swan   →  Blog
Ras Al Khaimah
Categories Business, Business Setup

Register Property as a Corporate Entity in Ras Al Khaimah

Register Property as a Corporate Entity in Ras Al Khaimah: From this point forward, property investors in Ras Al Khaimah can buy and register their units under a RAK International Corporate Center substance. This follows an arrangement the corporate recorder hit with the emirate's Municipality Department (Land and Properties Sector). It will likewise permit financial backers to structure their property as a RAK ICC entity. "There is enormous premium from worldwide financial backers and expats in the emirate - our joint effort will make it workable for us to accomplice different designers in the emirate," said Dr. Sameer Al Ansari, CEO of RAK ICC. "What's more, set out open doors for worldwide financial backers to hold resources with a RAK ICC substance. "Procuring a home under this kind of corporate design benefits worldwide financial backers from multiple points of view. It permits them to claim at least one properties or potentially different kinds of speculations without affecting one another, shields them from individual liabilities just as offers an improved and more smoothed out move of property possession regarding legacy and resource arranging." Financial backers likewise will get to
  • The qualification to open a ledger for rental payments and installment purposes;
  • A worked on accounting and assessments through the legitimate isolation of properties under the design; and
  • Flexibility of moving offers after selling the property.
You will be interested in:

Setup your Business Today!

Categories Business, Business License, Business Setup

RAKEZ Businesswoman License Package

Being a working woman in the UAE has never been a better time. With great success, the government has poured resources into female-led businesses. Overall gender gap in the workforce was reported to be 64% in 2018 but the country is aiming towards one of the top 25 in the world for gender equality. Last year it was reported that 33% of female-owned firms in the UAE generated revenues over USD 100,000. To attract women into entrepreneurship in the home to many initiatives and programmes, the UAE, RAKEZ Businesswoman License Package has been initiated. This was launched by Ras Al Khaimah Economic Zone which offers fast and affordable company setup with a range of benefits aimed at empowering businesswomen in the region.

What Is The RAKEZ Businesswoman License?

A UAE trade license package tailored to the female entrepreneur is the RAKEZ Businesswoman License. To empower women’s entrepreneurial dreams, this license was designed. It offers fast and professional company setup at an affordable price. It includes everything you need – from office space to business support services.

Types of RAKEZ Businesswoman License Packages

Covering a range of industries there are eight license packages to choose from. They are: RAKEZ offers a one-stop-shop solution that includes the use of shared office space, business cards, support with government services, and assistance with legal translations, logistics, recruitment and more. RAKEZ has created RAKSTARTER to offer entrepreneurs a zero balance bank account in partnership with RAKBANK. You can open a UAE corporate bank account in a range of currencies, including AED, USD, GBP, and EUR with no minimum average balance if you have started your UAE business

How To Apply For The RAKEZ Businesswoman License

Firstly secure the services of a company formation expert such as Blackswan before making any license application. Blackswan can manage the entire process for you, like handling every step of your license and visa applications, and liaising with all relevant authorities on your behalf. Your business activity has to be decided and clearly listed on your business license. With the freedom to list multiple activities, you can list every activity that applies to your business while the application process is on. Choosing a company name is the next step in accordance with naming conventions like, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name. A legal entity like FZE or LLC has to be attached with no resemblance to any other company. Black Swan will help you with these initial decisions. Black Swan can manage the entire process for you to ensure smooth running. Black Swan can manage the entire process for you to ensure smooth running. We’ll require the following documents to make your trade and NMC license applications on your behalf. This includes:
  • Your signed application form
  • A business plan
  • Passport copies of each individual (Shareholder/s and General Manager)
  • Original No Objection Certificate (if required)
They can also help you apply for your UAE visa and Emirates ID which involves four stages including a medical fitness test and biometric capturing that usually takes less than a week. You can also sponsor others such as children, a spouse or domestic staff for their visas being holders of a UAE business license.

Main Benefits

  • Easy on the pocket
  • Two free additional activities
  • 1 and 3-year packages Instalment Plan Options
  • Option for a zero balance bank account
  • 25% reduction on employee & dependent visas
  • Eligibility for UAE Residence Visa

Start Your Business Today

By following the above steps, it is possible to obtain your RAKEZ Businesswoman License and launch your startup with minimal fuss. Blackswan can help you get your business up and running within a week or two by managing your license and visa application. You just have to relax for the green light to start trading, You will also be interested on:
Type of License you can have in Dubai - UAE : Professional License or Commercial License
Categories Business Setup, company formation, dubai, License

Type of License you can have in Dubai – UAE : Professional License or Commercial License

The United Arab Emirates starts up a business during the uncertain ride’ states that, The startups who initiated from scratch. Breaks down, a piece of the bigger puzzle for determining the right type of license for the business registration. The United Arab Emirates is divided into two major licensing Authorities like Dubai Free Zone and Dubai Mainland where an administrator has their tariffs, standards and requirements. Even when these two differ on a few points, they usually adhere to the same directive for the license categories.

The licenses in UAE are classified under four types; Commercial, Professional, Industrial and Tourism.

The Professional License gets acquired by businesses or companies that are service-oriented. Some activities like IT Services, Consulting, Events Management, Restaurants, and other skilled focused activities fall under these categories.

The Commercial License in Dubai can be used for firms engaged in selling and trading goods, commodities and products. The Specific and General Traders fall under this category. General Trading, Garments Trading, Food, and Beverage trading are samples of these activities.

The Industrial License in Dubai has been issued to companies that manufacture foods and other kinds of light and heavy goods and for the industrial works that are highly regulated by the relevant authorities.

The Tourism License is given only to companies who practice tourism activities. Some businesses like Travel Agency, Tour Operators and Hotels hold this type of license.

The above mentioned are only surface information for the types of licenses. This can vary for activities with special conditions and approvals. To get a more detailed discussion and complete advisory, it is suggested to seek help from the Business Experts.

Register a Company in UAE with 100% Foreign Ownership

Legal business structures for establishing business in Dubai
Categories Business, Business Setup

Legal business structures for establishing business in Dubai

Business Setup in Dubai: Legal business structures for establishing business in Dubai: The Economic Development Department has laid down several acceptable legal structures meant for companies establishing in Dubai. However, rules & regulations to be followed by each will vary accordingly, while categorization is based upon firm ownership. As a foreign national, you might be interested to avail a freezone license, if the desire is to have 100% business ownership.

Sole Proprietorship

The sole proprietorship firm can be termed to be a legal entity that is operated and owned by any single person. He/she is expected to manage fully the profits and operations of the business and also be 100% liable to pay off debts and other financial obligations.
Things to consider
  • The industrial or commercial type of sole proprietorship is owned by only GCC nationals or UAE nationals.
  • Only one manager allowed in the sole proprietorship firm.
  • Consultancy type sole proprietorship based owner needs to possess scientific qualification to carry out selected activities.
  • Trade name is to be activity related.
  • No minimum business capital requirement is present for sole proprietorship.
  • The sole proprietorship is allowed to have branches to perform various types of activities mentioned in the parent firm’s license.
  • It is possible to sell the firm along with its branches. However, commercial or industrial firm type could be sold only to GCC nationals or UAE nationals.

One-Person firm

A single person or corporate body owned limited liability firm is referred to as one-person company. The difference that exists between such legal form and sole proprietorship is that its liability is restricted to shares that are held by owning entity.
Few things to consider
  • GCC or UAE national are eligible to start and own such legal firm type.
  • 100% GCC or UAE national owned corporate body are eligible to own such firm type.
  • The owner being a shareholder has liability limited to held share value.
  • Trade name to include legal form (one-person company), owner name and tend to end with LLC.
  • Share capital like recorded in MOA (Memorandum of Association).

Civil Company

This partnership is meant for those professionals in their recognized fields like accountants, engineers, lawyers and doctors.
Few things to consider
  • Partners belonging to any nationality may get involved in this type.
  • In case, GCC or UAE nationals are not included in the partnership then local service agent has to be hired by the firm.
  • In case company carries out engineering activities, then one partner needs to be a UAE national who owns at least 51% of business share.
  • In case, company is into consultancy practices, then professional partners who practice similar activities combined with 100% ownership are to own the firm.

Limited Liability Co.

There are 2-50 shareholders in this type of firm, where each are held liable only to his/her share extent within the company.
Few things to consider
  • This company form is not to conduct any consultancy or professional activities except investment, insurance or banking.
  • The LLC may conduct commercial or industrial activities.
  • UAE accredited auditor to be hired by the LLC.
  • UAE nationals are to possess 51% ownership, with profits accorded in varying ratio.

Partnership Company

In this form of business, 2 or more partners falling into limited or general partner category may share ownership.
Few things to consider
  • In simple limited partnership, UAE nationals are to be general partners. But partners belonging to other nationalities are to be limited partners.
  • No restriction is to be present on ownership share of limited or general partners.
  • Limited partners not to intervene in administrative or management related issues pertaining to general partners. In case they, the chance of their being held liable for all business obligations becomes high.

Other forms are given below

Foreign company branch

Any firm that is registered abroad is allowed to open up its branch in Dubai, referred to as the Dubai headquarters, which comes under the UAE and Dubai business jurisdiction. The branch however will not allow any goods import and this activity is to be carried out by any locally appointed trading firm. The parent company will have 100% ownership of the branch.

Representative Office

This office is rather considered to be the activities carried out by the foreign company’s branch and not complete structure business. However, it has the necessary authorization to market and promote parent company’s business, but will not participate in business operations. These branches are to have a LSA (Local Service Agent). LSA: A UAE national is to be a local service agent, devoid of any financial obligations or civil responsibility towards the business. His obligations entail ensuring of continuation of business of the branch in Dubai. However, his responsibilities do not include any legal interest related to the business, management, assets or profits of the branch.

Dubai based company’s Branch

The Dubai based company’s branch is required to carry out one or probably all activities mentioned in the license of the parent company. The company having multiple branches will have each branch to carry out different types of activities like mentioned within the parent company’s original license.

UAE based company’s Branch

Such branches are required to carry out any or all activities mentioned within the parent company’s license. The company having multiple branches will have each branch undertaking variety of activities like mentioned within the parent company’s original license.

Freezone company branch

In case the company owned has its main license issued in the UAE free zone, then branch license can be obtained from the DED for business expansion to mainland Dubai. In case, 51% ownership local shareholder is not present, then approval will be essential from the Economy Department along with local service agent.

GCC based company Branch

The GCC based company branch is to carry out any or all activities mentioned within the parent company’s original license. The company having multiple branches will have each branch will require performing different types of activities as given in the parent company’s original license.

SME License

100% UAE National owned businesses are provided with SME license and may take any legal shape.

Intelaq

UAE nationals can obtain this license for carry out home based businesses in Dubai. But license holder is not allowed to spore or hire staffs, however, can engage contractors.

Get a Proposal Today

All about Freelance Visa in Dubai - UAE
Categories Business Setup, uae

All about Freelance Visa in Dubai – UAE

The work environment of the United Arab Emirates is changing. People lean towards working as a freelancer. The policy changes are initiated by the government to make freelance work visas more affordable and accessible for everyone. The career option of freelancing is becoming more popular in Dubai. To quote a report from Algorithm Research, Dubai remains the focal point to host 65% of freelancers in the region. Loads of freelancers work in the fields of social media, graphics design, architecture, health and fitness, websites and software development. 62% of men and 38% of women account for the UAE's freelance workforce. The majority of them lay in the age group between 21 and 30 years old. Freelancing has several advantages of better work flexibility, freedom to explore many income opportunities with the rights to choose projects you want to work with. This is easy to see why many professionals in the UAE choose to work as freelancers. You need a residence visa and a freelancer license to work as a freelancer in the UAE. The government and several visa solutions providers in the UAE have been strict and vigilant to regulate the sector. Some do offer illegal freelancer visa solutions, beware of those visa shops.

Ways to protect yourself from illegal freelancer visa solutions providers

The online advertisements from companies offer a "freelancer visa" or opportunities to make "easy money" without leaving your home. The companies promote easy freelancer visa packages on company websites, and social media platforms for aspiring freelancers to look for opportunities. Remain cautious when considering freelancing opportunities offline or online. Avoid freelancer scams by watching the warning signs: The visa shops would promise them permanent residency in the UAE in exchange for a payment. This is not considered legal. The visa operators give improper advice to lie, omit or fabricate the information in your application. The visa shops run multi-level marketing schemes, that requires you to sell and buy their products to earn money easy and quick. The online freelance platforms would access your accounts like social media accounts, emails and then use your personal information to access your bank accounts to steal your money. Scammers would trick you into sharing your freelancing account details by earning extra time and the other purposes like acquiring information about your projects and clients. Proactive steps would be taken to protect yourself when looking for freelance opportunities. Ensure you don't short end of the stick in any agreement or project. When working on the freelance platform, research well so your job being offered is worth pursuing and legitimate. Search the company's name on the National Economic Register (NER) website and get details. The contractual agreement between the company and freelancer needs to have valid information. The terms and business details must satisfy both parties to contribute their respective interests. Business contracts are tricky when working as a freelancer. You have to be meticulous with every project agreement, transaction, and details like payment terms are crystal clear. Cut off the contact with a scammer and report the scam to the State Audit Institution.

The freelancer license or permit

The freelancer license operates in the personal capacity of the UAE and legally grants professional services to clients. The UAE free zones issue freelancer licenses like Dubai Knowledge Park, Dubai Internet City, Ajman Free Zone, Dubai Media City, Fujairah Creative City Free Zone and Ras Al Khaimah Economic Free Zone. The freelancer licenses are at affordable rates, allowing to work across wide business activities from education, consultancy, events management, film production, entertainment and news media. The Dubai freelancer visas are registered under sectors like Tech (Dubai Internet City), Media (Dubai Media City), and Education (Dubai Knowledge Park). The cost of a license or freelance permit depends on the free zone where you can register. The freelancer license packages are from AED 7,500 per year. Additional charges are applied if you need a freelancer visa under the Dubai Development Authority. This is valid for three years and gets renewed every three years with an insurance and immigration card. When you are sponsored by your spouse or parent, you may not require to cancel your residence visa. The price of a freelance permit ranges from AED 10,000 to AED 20,000 as well as the 1 year or 3-year visa and if you require a residency visa or operational permit to legally work as a sole practitioner in UAE.

Obtaining a freelancer visa in Dubai

To get the freelancer visa, you need to submit the following documents:
  • The updated application form.
  • A copy of passport.
  • The passport size photo.
  • The updated curriculum vitae.
  • Attestation of Academic certificates by the UAE Consulate or the Ministry of Foreign Affairs.
  • The professional references of two people with contact details.
  • Letter of intent or Work offer with detailed professional background and work experience.
  • Get No Objection Certificate (NOC) from your sponsor.
The free zone authority reviews your documents, application and references. To get a legitimate freelancer visa in the UAE, work with a trusted and credible company. We offer a suite of visa solutions and value-added business to support services to freelancers. Consultants at Black Swan assist you to obtain a suitable freelancer visa and handle the complete process on your behalf.

Setup your Business Today!

Ways-to-Register-a-Trade-Name-with-DED-in-UAE
Categories Business, Business Setup, Trademark, uae

Ways to Register a Trade Name with DED in UAE

The trade name registration process is termed as business name registration with the Economic Department of the United Arab Emirates. The commercial entities that run their business here go through the process and register their business name to the Department of Economic Development for approvals. Several things are considered before the registration of a trade name. Here we can look into the document requirements, prerequisites, and overview of the entire process. You have to understand the difference between three common technologies like Trademark, Trade Name and Legal name.

The difference between Trademark, Trade Name and Legal Name

The Trade Name is issued to a company for carrying out its operations. This is termed as a pseudonym that does not operate under their registered company name. This happens because the company uses a trade name to conduct business with a simpler and than their formal or lengthier name. Trade names are used when the preferred name cannot be registered. This may happen because it is similar to a name that is already registered. You need to select a commercial activity to choose the legal type and apply for the approval. When you have done that, you start to prepare the MOA and LSA agreement. This process needs to disclose the company address also. When this process is completed, you will receive the commercial license. The Legal name is officially allocated to the agency or the person processing the undertaking. The legal name is registered with the state authority that is unique and has a correct ending like the term LLP or LLC. The official communication can be done through the name as this appears on invoices. Government also uses this name as the point of interaction. The Trademark can be defined as the brand's name. It has different aspects like the tagline, the registration of the logo, badges, illustrations, hallmarks that identifies the brand's core identity. The Ministry of Economy has the responsibility for registering the trademark within the UAE. Though trademark registration is not needed all the time it is helpful when someone steals your brand idea or concept. The trademark registration can prove helpful in winning any type of lawsuit.

Authorities Involving In Trade Name Registration Process

The registration process involves government authorities presenting the documents, following the rules to get the certificate and pay the desired fees. Two authorities get involved in the trade name registration process that can be contacted and the process to get completed.

The Department of Economic Development (DED)

DED is Dubai's governing body that drives the city's economic agenda within the United Arab Emirates. The organization was set up in 1992 and 2008 as the ruler of Dubai gave DED the responsibility to regulate and plan the economic performance of Dubai. It was done so that there would be a dedicated governing body to support and supervise the economic development of the city. Dubai's strategic plans can be carried out with the intent of completion. The services DED offers are:
  • Gives Instant License
  • Renews the Trade Name
  • Reserves the Trade Name
  • Renews the License
  • Issues the Initial Approval
  • Issue Branch Initial Approval
  • To Print License
  • The License activities of Terms and Conditions
  • Managing the License Contract
  • Payment of Inspection fines
  • Updating the Mobile Number
The DED offers legal contract-related services from issuance of legal contracts for a license to legal contract printing. You can make enquiries based on your transaction status and payments, search trade names and browse for business activities.

The Department in the Ministry of Economy

The Department in the Ministry of Economy has the role of assisting with the overall growth of national enterprises and their exports or imports. The department is responsible for regulating the small and medium-sized enterprises along with entrepreneurship. The department has consumer rights that are protected with intellectual rights and when in a problem the government-appointed people would undergo the rigorous process so all parties get satisfied with a solution. Trademarks are registered with the department or you will not be protected by the law.

The Trade Name Registration Process in UAE

Many businesses tend to register a trade name that makes a common procedure. But not many people in the UAE still have the clarity about its details. The trade name registration process can be conducted online and in-person in the UAE.

The Trade Name Selection Process

You have to select a trade name based on the brand identity but it may not be mandatory. Selecting the trade name should abide by the rules and regulations of DED to review the name after its selection. DED has the right to cancel the name when they find it inappropriate. DED needs to meet all criteria before the name gets approved. The requirements to be fulfilled are:
  • The business operation should represent the name of the business.
  • Businesses that are similar in Dubai do not claim the company name by copyright.
  • Name of trade may not include the terms of indignity.
  • The Trademark must not be named after God.
  • Some terms like City names, Dubai's Emirates, Districts and Airport codes are not recognized.
  • Country names and Continent cannot be used as trade names, but nationalities can be used as a name.
  • The company name can't start with Middle East, European, Asian or their names translated.
  • The corporate name should not have Government Agencies abbreviations.
  • The company name may not include popular global brands like Samsung, Apple, Kia as a whole or in part.
  • The name of businesses may not indicate sectarian religious organizations like the Vatican and the FBI.
  • The name of the division may not be equivalent to the name of the parent company and the suffix and legal names are not considered part of a name.
  • The privately-owned businesses words like "CO" and "ME" are limited until they are part of a word like "ACTO Services" and "LCME Trading".
  • Family names are only used as the first name and one of the proposed shareholders must be named.
  • The titles are written in a literal manner and may not be translated.

To check the Trade Name Availability

Once following the steps carefully, you have to understand the kind of trade names that are good for approval. When you have the basic understanding and have finalized the name, you can do an online check and search for its availability as there are many trade names already taken by different companies.

To reserve the Trade Name in UAE

When you follow the guidelines and check for the availability of the name, you can reserve the trade name. When you don't reserve the name beforehand, it would be taken by other businesses. Reserving the trade name is the prerequisite to attain the license in the first place. Reservation of the trade name can be done with DED and once getting their permission your name would be reserved.

Paying Trade Name Registration in UAE

You have to pay to process the trade name. This is the last step because you will not receive the certificate when DED guidelines are not met. Within 72 hours of your payment, you will receive the confirmation of the payment voucher. The trade name is valid only for six months and you need to get reserved again. Feel free to contact our experts by requesting a quote below
Business Setup in Dubai Mainland A guide
Categories Business, Business License, Business Setup, DUBAI MAINLAND, How To, Tips

Business Setup in Dubai Mainland – A guide

Dubai Mainland Company Formation Business Setup in Dubai Mainland: Dubai - the business paradise offers a best environment for starting a business! The facilities like a world-class infrastructure, multi-lingual talented workforce & reliable connectivity are stimulants to start a business here. Apart from that, Dubai also offers a cosmopolitan culture, innovative workspaces and many Government incentives for investors.

Why should you start a Company in Dubai Mainland?

The Dubai Economic Department DED has permitted Dubai Mainland as the total geographical area to operate commercial business functions to all the private business entities and their representatives. It covers prime locations where a foreign business owner can operate like international chains of food, luxury goods, car makers, etc. The UAE Business Incorporation laws state that if the business setup is in Mainland a foreign investor can hold only up to 49% of the business, and a UAE national mandatorily holds 51% of total equity except in the following cases:
  1. Businesses located in Free Zones
  2. Activities with 100% GCC ownership
  3. Instances where GCC companies enter into a partnership with UAE National
  4. Where the law requires 100% local ownership

The mainland business opportunities jurisdictions are in:

Sheikh Zayed Road

The development corridor of the city of Dubai with a very prominent skyline. It is home to some of the world’s largest ventures, international companies, and businesses.
Al Karama, Bur Dubai, and Deira
Acclaimed for tourist destinations, residential complexes, historic venues, Gold souk, real estate, and wholesale businesses, these three areas are located in the older parts of Dubai.
Business Bay
If you are starting up a business venture in Dubai in the financial sector, professional consultancy, retail industry, hospitality and more, you will need infrastructural assistance. Business Bay situated in the central business district, is the perfect choice as it is responsible for creating multiple business setup centers.
Al Quoz
One amongst the futuristic commercial hubs of Dubai, Al Quoz has the advantage of providing warehouse and industrial options closer to the city. This Al Quoz area has four divisions like factories, industrial setups, warehouses and other locations. Al Quoz also has shopping centers, malls, and labor accommodation zones.
Al Qusais
This area is known for residential areas and industrial zones. Also considered as the best area to house large scale medical centers and educational institutes.
Jumeirah
The coastal part of the Dubai city, Jumeirah is one of the most developed hubs of residential areas and lavish business development units. You can find luxurious accommodation, real estate, and hospitality projects here.

Setting up a business in Dubai Mainland - Advantages

  1. Zero Taxation- No corporate or personal tax
  2. Recruitment no restrictions
  3. Easy recruitment process
  4. Getting employment Visas, no limitation
  5. Minimum capital requirement limited restrictions.
  6. No yearly auditing
  7. Processing legal documents, no restrictions
  8. Import duty very low
  9. Getting affordable office space anywhere with flexible rent or lease easy
Get in touch with us at Blackswan Business Setup Services for professional guidance to start your business. As registered agents, we provide complete package solutions on company formation, Free Zone, PRO, VAT registration, setup, visa, bookkeeping, Bank Account, Attestation , Legal Translation , Trademark , secretarial service etc. in Dubai Mainland area. Contact us today.

Get Dubai Mainland Setup Package

Facility Management Business in UAE
Categories Business, Business Setup, dubai, uae

How to Start a Facility Management Business in Dubai, UAE

One of the world’s most famous business hubs is Dubai with thousands of organisations from every corner of the world. Many industries like health, hospitality, travel and technology thrive in this open and encouraging environment. Being a growing business hub Dubai demands services of facilities management companies like offices, hotels, gyms, restaurants, and apartment buildings. Working with Black Swan, the incorporation and licensing process is fast and straightforward. Following is a simple guide to set up facility management company in Dubai

Steps To Start A Facility Management Company In Dubai

Location: A facility management company can either be in a free zone or in the UAE mainland. If in the mainland, it can be set up anywhere whereas in a free zone there is a 100% customs tax exemption, zero currency restrictions and the ability to repatriate all capital and profits to your home country. Company name: The second step is choosing a company name. In accordance with naming conventions, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name can be used. a legal entity has to be attached to like FZE or LLC. Working with Blackswan, we can register your trade name on your behalf.

Applying For A Facility Management License In Dubai

The process of applying for your facility management license is different depending on where you choose to set up. If you’re setting up in the mainland, you can make your license application directly to the Department of Economic Development (DED). If you’ve chosen a mainland setup, you should apply directly to the managing authority of your chosen free zone. In both cases, Black Swan can manage this process for you, and liaise with authorities and government departments on your behalf.

Documents Required To Start A Facility Management Company In Dubai, UAE

When starting a facility management company in Dubai, you will need to submit several documents along with your application form. This may include:
  • A copy of your passport
  • A No Objection Certificate from your current employer (if applicable)
  • Applying For Your Visa
  • Proof of relevant experience or qualifications
  • Several passport photos
You will need a residency visa, if you intend to live and work in Dubai, UAE. You can also help you apply for your UAE visa and Emirates ID which involves four stages including a medical fitness test and biometric capturing that usually takes less than a week. You can also sponsor others such as children, a spouse or domestic staff for their visas being holders of a UAE business license.

What Is The Facility Management License Cost?

Facility Management License Cost depends on the size of your business, location and the type of activities you undertake. Setting up in a free zone is cost-effective. The cost ranges from AED 15,000 to 25,000.

Start Your Facility Management Business In The UAE With Black Swan

Getting the right guidance beforehand is key, when starting a UAE facilities management business. To eliminate any potential hassles, it’s always advisable to undertake the steps with the assistance of a registered company formations agent like us.
Cost of Business Setup in Dubai
Categories Business Setup

Cost of Business Setup in Dubai

The cost of setting up a business in Dubai varies. Depending on your requirements, the fees paid to various governmental agencies and all other expenses, including rent can go upwards of $25000. The business set up in Dubai can be of three types. They are setting up a business in the Dubai Mainland, Starting a new business in one of the free zones, and forming an offshore company. The licences you require are different for each type of business setup. Other departments will need to process documentation from their end for specific business needs, and they will charge a separate fee. For example, you have to get your trade name approved by the ministry by paying a small fee. Names in Arabic are free, but you will have to pay an additional annual fee for using a foreign name.

Breakdown of the general cost of setting up a business in Dubai

Get initial approval from the Department of Economic Development (DED)
Cost: AED 115/- typing & AED 141/- Initial Approval Certificate. Get permission to start your business operations right away. This is a one-time license and allows you six months to submit the complete documentation for licensing.
Get Memorandum of Association Attestation
Cost: AED 500/- typing AED approx. The fees vary, and this is a one time cost included in setting up a business in Dubai.
Get approval on Trade name
Cost: AED115 for Trade Name typing and AED620 for the Trade Name Certificate + AED 2000 (yearly fee for foreign names) This can be a one time charge or an annual fee depending upon the name selected for the company. Arabic names are free to use.
Fee for the Economic Development department
Cost: AED 6,000/- and above for professional License. AED 10,000 and above for commercial license. AED25,000 and above for general trading License. AED 30,000 and above for industrial Licenses. The fee will depend upon the business activity. This is a fee paid per annum as per the payment voucher issued by the DED for your License. Additional fees may be charged yearly according to your business type. Fees paid to other departments like mainland trade license, 2.5% of your ejari fee and other market fees are included in the payment voucher.
Rent on the premises
Cost: AED 5,000 virtual office and AED 25,000/- annum and upwards. The rent depends upon the company located in the mainland, on the type of free zone and other factors. Negotiate for an annual lease or a term for a mutually agreed period than monthly.
Sponsorship fee
Cost: AED 10,000/- upwards per annum (Sponsorship fee may differ from activity to activity) You have to pay a sponsorship fee to get an Emirati service agent.

Limited Offer

Start up Business Commercial licence package
AED 13,500. Annual renewal: AED 13,500. Activities: Either up to 3 different OR up to 10 similar (in the same category). If the activity is (E-Commerce), no more activities can be added in the licence. Includes a Business Centre Unit of 2 hours of usage per week. 2 visas eligibility: Visa cost (Investor/Employee – 3 years): AED 2,500 plus the medical test and the Emirates ID card expenses plus the Ministry of Interior E-Channel fees (E-Channel fees “onetime payment”: AED 2,400. Annual E-Channel renewal fees: AED 1,400).

Setup your Business Today!

Advantages of Setting up a General Trading License in Dubai
Categories Business Setup, dubai, License

Advantages of Setting up a General Trading License in Dubai

A General Trading License is a one size fit all kind of license, and wherein one can trade different types of goods. It allows a company to import, export, re-export many goods like cloths, furniture, foodstuff, electronics, electrical items, etc. with a single license. Procuring this kind of license in Dubai mainland may seem costly initially. Still, all facilities are available in a single license for a person trading different goods and products, and they do not have to open separate licenses. You will be interested on General Trading License A General Trading License does not allow the trading of medicine, alcohol, cars, chemicals, etc. One will have to procure approvals from concerned government authorities or municipalities. But, trading of these activities is approved by DED under commercial trade license.

Zero tax

There is no personal or corporate tax. UAE does not charge taxes either corporate or personal for carrying out any kind of business. A business person with a UAE license does not have to pay taxes on their income or profit.

Hassle-free recruitment and unrestricted availability of employment visa

Companies can apply for an employment visa from the Ministry of Labour, and the eligibility depends on the size of the office and the selection of license activity. The bigger the office, the more number of visas. The employment visa holder or investor visa holder can sponsor parents, spouse, children, and maid.

Limited restrictions on minimal capital requirement

The minimum capital requirement is only AED 300,000, and it is not mandatory to provide a bank guarantee. You don't have to deposit the share capital in the bank. Also, UAE companies are allowed for 100% of capital repatriation.

Effortless process

The process is pretty straightforward, and one can complete the whole company incorporation process within 3-4 working days if all the documents are in place.

Availability of state of the art infrastructure

Office places with flexible rent and lease spaces are available in plenty with good infrastructure. This makes it easy for business people.

Business all along with UAE

A company in Dubai mainland has the provision to carry out business anywhere in the UAE without restrictions.

Setup your Business Today!

1 … 28 29 30 31 32 … 44
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englisheo Esperantotl Filipinofr Frenchde Germanel Greekhi Hindiit Italianko Koreanpt Portugueseru Russianes Spanish