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Guidelines once you get Industrial License in Dubai - UAE
Categories Business License, Business Setup

Guidelines once you get Industrial License in Dubai – UAE

Guidelines once you get Industrial License in Dubai - UAE Once industrial license is obtained, you need to:
  • Initiate construction works in 6 months time period on receipt of approval, in case, applicable.
  • Provide all requested data within 10 days of making the request to the Abu Dhabi DED (Dept. for Economic Development).
  • Make application for factory enlistment within industrial register (checkout glossary).
  • If any changes are made to factory data that was recorded initially in the register, then it is essential to notify the DED. It is also applicable if any change causes significant impact upon production.
  • When factory is ready to initiate operation, then notify this to the DED, so that they can provide certification for the same.
  • Imported duty-free materials should not be used for any purpose unless it is imported for the specific purpose.
  • Avoid leasing or selling buildings or lands that are allocated to factory by the government.
  • DED is to be submitted with regular reports showing the details of how the business will benefit immensely by deriving government support for factory – for details, checkout the next section. Information may also be provided about factory development, financing aspects, financial and production status.
  • Record comprising of data of all employees staffed in the factory needs to be produced.
  • Minimum 25% of all factory employees need to be of Emirati nationality.
  • Ensure that all existing laws applicable in the UAE are abided by and laws on environmental conservation, public health and industrial security is implemented properly.
  • If a director has been appointed for the factory, then the DED is to be notified about the same. Law enforcement needs to be taken care by you as well as the director.

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Make a Top Virtual Destination by Investing in Dubai Real Estate
Categories News

Make a Top Virtual Destination by Investing in Dubai Real Estate

The initiative of ‘Invest in Dubai Real Estate’ has been launched by the Dubai Land Department, through its Real Estate Promotion and Investment Management Sector by cooperating with the Strategic Holding. This serves as a virtual destination for the real estate industry with its prominent real estate promotion initiatives held in Dubai. The initiative launches its very first virtual edition to unveil unprecedented interactive features from 11 to 20 November 2020 providing an unparalleled, intriguing experience for the global real estate community. You will be Interested : Real Estate Business Setup in Dubai The investment plan of Dubai Real Estate, desires to be the best virtual destination towards the industry, that uses the most advanced virtual technology along with a digital platform for advancing the real estate industry in Dubai. Additional networking opportunities arrive for the Dubai real estate market by investing in Dubai Real Estate. The safe and secure virtual environment partners the Events with 10X to eradicate the barriers. It also stimulates connectivity among exhibitors, investors, developers and professionals across the globe. The aim is to maximize the investment opportunities of the local real estate market by developing an ultimate goal to boost the sustainability and economic progress in Dubai.

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HOW TO START A BRANCH OFFICE IN DUBAI – UAE
Categories Business Setup, dubai

How to Start a Branch Office in Dubai – UAE

International entrepreneurs and Foreign investors widen their business by opening a branch company or a representative office in Dubai. UAE provides various advantages in setting up a company, in the same way, there are also several benefits involved in opening branches of foreign companies. Business Enterprises always have the desire to open a branch office in Dubai, UAE due to its strategic location and various business opportunities. Taking this into consideration, the authorities have made it easier to establish a branch office in Dubai or any other Emirate. You will be interested on: Company Formation in Dubai

The To-Do List to start a Branch Company in Dubai - UAE

Filing Application
The first step is to apply with the Ministry of Economic and Commerce. The most important thing to be noted is that during submission, a service agent agreement also needs to be provided. It is mandatory to have a UAE national as your service agent during the process of establishing a branch company or representative office.
Obtain consent from the Economic Department or Jurisdiction Authority
Only after approval by the Economic Department of the locale, the UAE Ministry of Economic and Commerce will provide an agreement. The Ministry of Economic and Commerce sends the application for consent from the local government.
Approval from UAE Federal Foreign Companies Committee
One will have to obtain approval from the Federal Foreign Companies Committee to start a branch office. The application is forwarded from the Economic Department to the committee. A permit letter from the Ministry of Economic and Commerce about the business dealt is also forwarded by the economic department to the committee.
Obtaining a license from the Ministry of Economic and Commerce
Once the branch office is approved by the authorities, the ministerial license is provided to the company. The license provided by the Ministry of Economic and Commerce will specify the business activity undertaken by the company.
Acquiring your License
The business license will be issued when the branch office is registered by the local Economic Department.
Registering with commercial authorities
After acquiring all the licenses and required documents, one can register with the commercial authorities in the region. The branch company or representative office in Dubai needs to be registered with the Ministry of Economic and Commerce Companies Register and the Chamber of Commerce and Industry. The process is lengthy and you will have to run around from one authority to another. You can call us, Black Swan Business Setup if you wish to avoid the hassle. We Black Swan Business Setup is a service provider in Dubai offering company formation services all over UAE. In case you need to get clarified in different areas like how to start a business in the UAE, or even what business to start, you can speak to our consultants. You will be interested on  Branch Office of a Foreign Companies Setup in Dubai

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documents required to register a company in duqm sez Oman
Categories Business Setup

Documents Required to Register a Company in DUQM SEZ- Oman

Documents Required to Register a Company in DUQM SEZ: Several Free Zones re provided by the Omanate Sultanate which has become among the eye-catching parameters to attract huge numbers of international business investors to take a look here. This is another zone known as Duqm Special Economic Zone, similar to Salalah and Sohar Free Zones. You can get a clear picture from this treatise about Duqm Oman including the innumerous faculties offered. If Oman attracts you as an investor and seeking business investment opportunities and is inclined towards the industrial aspects here, you can find a bright future at Duqm SEZ.
  • Founders, Partners, Owner’s ID, etc. copy
  • Signatories signature as per Investment Application Annex
  • Investment Project description and its needs based upon Investment Application Annex
  • Articles of Association & Memorandum
  • If partner is considered legal person, then there needs to be submitted minutes of minutes combined with partnership’s share.
  • Letter will be required from parent company if it is a Branch office to claim taking care f the responsibilities of the business activities of the branch office.
  • Company Registration Certification
  • Official letter provided by establishment owner requesting Branch Office registration
  • There needs to be submitted No Objection Letter by the current sponsor, in case work visa is held by the applicant.
Black Swan BSS can help you with company registration in Oman at an affordable cost You will also be interested on:

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UAE Issues Landmark Reforms to Civil - Criminal Law
Categories News

UAE Issues Landmark Reforms to Civil – Criminal Law

Major reforms are announced covering women's safety, inheritance, suicide, alcohol consumption, and Good Samaritans. The changes made to the civil and personal code is going to make it easier for expats to boost multiculturalism and to settle disputes. This follows a decree by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan This comes into effect immediately. These amendments are introduced to the Civil Procedure Law, the Personal Status Law, the Criminal Procedure Law, and the Penal Code.

Expats wills and inheritance

Expats dealing with issues like inheritance can now use the Personal Status Law of his/her home country. If a will is already in place, then that is to be followed and respected.

Good Samaritans

People who make unintentional harm while trying to help others are now not held accountable by the new law modifications.

Suicide

Self-harm and suicide are usually punishable by law. These amendments put forth refers people harming themselves to mental health treatment.

Alcohol Consumption

Under the new modifications, alcohol consumption is not a crime. Earlier a person in possession of alcohol can be charged if caught in another criminal act. A person has to be 21 years of age to consume alcohol legally, which can be done only in private or in public at licensed businesses.

Honor killings

Leniency in honor killings has been removed and the cases are subjected to penal code.

Cohabitation for unmarried couples

Under the new law, cohabitation for unmarried couples has been allowed which was prohibited earlier. Unmarried couples and unrelated flatmates sharing the same accommodation was prohibited previously.
Overview of Dubai Mainland License - UAE
Categories Business Setup

Overview of Dubai Mainland License – UAE

The evolution of mainland companies in Dubai is very much remunerative investment action for the investors and other business premises. Business firms such as mainland companies are permitted to operate only inside their Emirati jurisdiction boundary that falls beneath commercialized geographical regions. The firms which are commercial, sole establishment, professional and are registered under DED – Dubai Economic Department are called as Dubai Mainland License in Dubai. To grow your business and to flexibly operate it can be freely done if you own a Dubai mainland license. These mainland companies of UAE are functioning under the regulations and policies drawn by the government. The most crucial governing law kindred with mainland business firms whirls around the equity share of the company. UAE mainland’s company incorporation law entails 51% of the commercial firm’s total share to the UAE government, only the rest 49% pass to the investor either foreign national or foreign investor. No matter the amount of capital, this rule falls mandatory on any business. These mentioned law rules are not appropriate for particular business ventures. Few of them are,
  • Complete foreign owned Business
  • Free zone Business
  • GCC partnership UAE national firms
  • Completely local owned Business
These mainland companies offer full freedom for stretching the business firm’s branches across UAE. The first and foremost essential for all the UAE based business is to get a license in the commercial, professional or industrial section. Consult a business consultation firm to get your Dubai mainland license and kick start your business in the most active place of UAE with high demand, hence high profit. It saves your time and limits the finance you spend on obtaining the license. Related Topics: Mainland LLC Company in Dubai, Business Setup in Dubai Mainland, Dubai Mainland & Dubai Free Zone Business Setup, Dubai Mainland Company Setup Process, Mainland vs Free Zone Company Formation in Dubai, Business in Dubai Mainland, Company Formation in the Dubai Mainland, Dubai Mainland Company Registration Process, Register a Company in Dubai Mainland with Full Foreign Ownership Related Links: Dubai Mainland Company Formation, UAQ Mainland, RAK Mainland, Ajman Mainland, Abu Dhabi Mainland

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How to apply for an E-Commerce License in Dubai?
Categories Business Setup, dubai, E-Commerce

How to apply for an E-Commerce License in Dubai?

Residents of the UAE are avid users of the internet. According to research conducted by Google, 91.9% population of the UAE have access to the internet. Taking into consideration favorable factors like tax environment, increased internet usage, etc an e-commerce business in Dubai is most considerable. To obtain an e-commerce license in Dubai, you will have to go through the following steps

Deciding on the legal structure for your business

The first and foremost step involves deciding the legal structure of the business. In simpler terms whether your business is to be a Limited Liability Company (LLC), branch of a parent company, one-person company, representative office, etc. Branch offices and LLC formation come with a set of advantages. You will be interested on: E-Commerce License- Dubai

Selecting your location

Selecting a location does not appropriately mean the place where you are about to set up your office, but the place from where you need to get your license. There are two types of zones in Dubai namely, Mainland and Free Zone. Setting a company or business in Mainland needs a local sponsor who owns 51% of the shares in the business while the remaining 49% is vested with you. Free Zones allow 100% ownership of your company. Both zones have their share of advantages and disadvantages. You need to weigh down all the factors and select the one suited to your business.

Registering a trading name

As your business is not going to have a physical store, select a name that is easy to remember. it is better to use the trade name as the domain name as it is easy to find the company online. The domain name should not resemble any other existing company's domain name as this may lead to legal complications.

Applying for a license

After confirming the location, you will have to apply for an e-commerce license. License is issued by the Department of Economic Development and hence advisable to approach them first. A company set up in Mainland will be liable to pay around AED 10,000 to the Department of Economic Development for initial approval, name registration, and license issuance. A Free Zone company will have to acquire a license from the concerned free zone authorities. The type of license issued depends on the nature of your online business.

Applying for initial approval certificates

A NOC from the authority to start your e-commerce business in Dubai is the initial approval certificate. It is valid for six months and is non-renewable. An initial approval certificate can be applied at the same time as submitting their trade name approval application.

Drafting MOA and local service agent agreement

In case you select Mainland for your company setup, you will have to draft a Memorandum of Association (MOA) with the sponsor and submit to the DED. One can avail help from any legal firm for this, they will help you type out the memorandum which specifies the special arrangements and ownership percentage among all partners. Free Zone companies can skip this step.

Registering a physical office in Dubai

It is necessary to set up a physical office in Dubai as the authorities have made it mandatory to consider it as a legal entity.

Final Approval

On completion of all the above steps, you will be able to get a business license in 1-7 days depending on the authority.

Export/Import requirements

In order to receive your importers' code, you will have to register with one of the ports and customs authorities. A 5% customs duty is imposed on imported goods. Companies under free zone need not have import duty as they have to sell their products and services within the free zone.

Opening of Corporate Bank Account

After a successful application for an e-commerce trade license, and establishing your business, you can open your corporate bank account. The process is simple and quick, all it needs is to select the bank of your choice.

Advantages of Obtaining E-Commerce License in Dubai

  • Low Operating costs
  • Autonomy to capital and income
  • 100% ownership in free zones
  • No currency restrictions
  • Resident visa for 3 years
  • 0% corporate and personal tax
  • No import duties on e-commerce license

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Is a local partner mandatory to start a business in the UAE?
Categories Business, Business Setup, Free Zone, FREE ZONE COMPANY, News, Tips

Is a local partner mandatory to start a business in the UAE?

In Dubai & the rest of the UAE it is legally required to have a local partner (UAE national) for entrepreneurs and SMEs looking to invest in a Mainland company or LLC company for the first time. The local partner should hold the majority interest (51% shares) and maintain a controlling stake in the business for all activities that come under commercial or industrial licenses. This type of business start-up with a local partner is called a local LLC. Nevertheless, in the UAE, entrepreneurs and investors who apply for a professional services license have a simple way of getting complete ownership of the business. You only need a national service agent (NSA) who is fundamentally a local sponsor who does not have ownership but should be paid some sort of fixed-payment often as an annual fee in such cases. Registering your company in one of the free zones in the UAE is yet another option and here there is no necessity for NSA. Black Swan is your preferred choice to help in setting up business in UAE, Oman, Mauritius and UK . We can support you in all types of company registrations here and we make it easy for you to start your company. You need not worry about business start-up in a free zone. We at Black Swan, Help you in connection with the best sponsor or Partner in the UAE.

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Cost Effective Free zones in the UAE
Categories Business Setup, Free Zone, uae

Cost Effective Free zones in the UAE

Free zones in UAE are much popular among investors as they offer a whole lot of business support and infrastructure to the investors. UAE comprises around 40 free zones. Freezones in UAE are widely categorized on the business activities they are specialized in. For example, media companies should get themselves registered in Media City free zones like Dubai Media City, Sharjah Media City, and Fujairah Creative Zone, etc. You will be interested on: Free Zone Company Formation

What makes Freezones a popular choice for investors?

Freezones provide benefits to the investors, the most striking one being 100% ownership of the business entity. The other benefits like tax-free environment, secure banking system, fast and easy business set up, world-class infrastructure also attract investors. Various factors determine the popularity of free zones. Freezones in Dubai are most preferred for general trading, service industry, consulting, etc. as Dubai is the centre for most business activities in the UAE. The location of Dubai International Airport is another attraction for services and consultancy businesses to set their base in Dubai. Few direct benefits by setting up a business in Dubai include flying in and out of Dubai hassle-free for business meetings. Freezones in UAE are mostly cost-effective and offer infrastructure and business setup to run your business profitably.

Cheapest free zones in the UAE

There are some free zones in the UAE, which are cheaper and offer the same infrastructure and business benefits more like free zones in Dubai.
International Freezone Authority (IFZA)
IFZA (International Freezone Authority), Fujairah is one of the most cost-effective centres providing profitable solutions to set up your business in the UAE. IFZA has a wide range of office solutions matching international standards, and also warehouse facility built on highest international logistics standard. Flexible rental solutions are available for investors to keep their operational costs to a minimum.
Investor benefits
  • Easy and fast incorporation along with company management
  • A wide range of business activities (Services, Consultancy, Trading, etc.)
  • 100% ownership of your company
  • Facility to set up a Limited Liability Company and get the suffix LLC after your company name.
  • 100% Corporate and income tax exemption
  • No restrictions on foreign currency
  • No need for a physical office
  • Nil share capital requirement
  • The ability to incorporate holding companies
IFZA license types
  • Consultancy license (for professional services like HR consultants, management consultants, etc.)
  • Service license (this best suites production, transformation, and distribution services)
  • Trading license (for companies that trade specific goods)
  • General trading license (for companies trading a wide range of items)
  • Industrial license (for companies involved in raw materials import, production, manufacture, package, and export)
  • Holding license (for the holding of standalone assets/shares of other companies)
General trading license with one visa package costs around 17,500 AED yearly (actual amount may vary slightly)
Ras Al Khaimah Economic Freezone (RAKEZ)
RAKEZ (Ras Al Khaimah Economic Freezone) is a cost-effective business hub with setup packages, modern facilities, along with the first-class service. RAKEZ provides state of the art infrastructure and hi-tech facilities for industrial growth and developments. With a fast and easy setup, and customer friendly environment for investors, RAKEZ is one of the business friendly options. There are around 14000 companies from 100+ countries registered with RAKEZ. There are five free zone parks, which are made such that it suits investor requirements. RAKEZ includes three industrial parks, a business park, and an academic zone. With RAKEZ you have provisions for both Freezone and non-free zone company formation, alongside a wide range of business and industrial facilities. Moreover, easy access to seaports and airports in UAE is an added advantage for investors. Commercial License amounts to 14,800 AED yearly with the facility to conduct five similar activities in the chosen category.
Umm Al Quwain Free Trade Zone (UAQ FTZ)
UAQFTZ (Umm Al Quwain Free Trade Zone) is a better option for SMEs, business groups, and startups. Features like proximity to Dubai, accessibility to international ports, and high notch infrastructure makes it an investor’s choice. UAQFTZ operates as an autonomous free zone from 2014 and is expected to have a rapid adoption in the years to come.
  • Licenses issued by the UAQFTZ
  • Commercial
  • Consultancy
  • Industrial
  • Services
  • Freelance permits
  • General Trading
Commercial License consisting of two visa packages amounts to 20,500 AED yearly (Actual amount may vary)
Ajman Media City Freezone
Ajman Media City free zone is one of the most competitive and fastest-growing free zones in the UAE. It contains significant business setups along with top-notch infrastructure. Ajman Media City is the perfect place for media and entertainment companies to set up offices with a cost-effective platform best suited for profitable business establishments.
Types of companies that can be formed in Ajman Media City free zone
  • Freezone Company (FZCO)
  • Freezone Establishment (FZE)
  • Branch of a UAE company
  • Foreign Company branch
  • A subsidiary of a foreign company
Benefits
  • 100% foreign ownership
  • No corporate or income tax
  • 100% repatriation of capital and profits
  • Fast license issue (Within two days)
  • One license, multiple business activities
  • The easy and fast registration process
Commercial license with one visa package amounts 11,952 AED yearly (Actual amounts may vary) UAE is one of the dream destinations to allow your business to flourish with the perfect location and business license types. Choosing UAE as your business destination is inevitable as there are many perks like world-class infrastructure, proximity to air and seaports, strategic location, banking facilities, support from the government for entrepreneurs, etc. You can always call us to know more about low-cost business set up options in the UAE to start your new business.

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How to get Professional License in Dubai- UAE
Categories Business Setup

How to get Professional License in Dubai- UAE

Different types of licenses are provided for various businesses in Dubai by the Department of Economic Development (DED). For example, one would need an industrial license for manufacturing activities, a commercial license for trading activities, and a professional license for professional activities. This article is going to concentrate on all things regarding DED professional license in Dubai.

DED Professional License – What is it?

A DED Professional License is issued to businesses that need to engage in service-oriented activities. This license is also given to skilled individuals with professional degrees who have experience in a specific profession. You will be interested on: Professional License in Dubai Many entrepreneurs get confused between professional and commercial licenses as some business activities may be considered for professional and commercial licenses in Dubai. It is better to consult a business setup expert before applying for a trade license.

Who needs a DED Professional License?

Most business and commercial activities require a trade license in Dubai. The DED (Department of Economic Development) has a designed administrative system that is divided into different sectors to provide better regulatory and constructive facilities. The critical aspect is to select the right trading license for your company set up in Dubai. An individual or company with trained skills is named professional, and the companies requiring a DED professional license includes the following:
  • Accountants, Financial advisors, and auditors
  • Architectural Consultants
  • Advertising professionals
  • Business Consultants
  • Entertainment Artists
  • Teachers and Educational Professionals
  • Lawyers and Legal Advisors
  • Technical Services
  • Medical representatives
  • Carpentry and Artisanal activities
  • Consultancies
  • Printing and Publishing
  • Internet and Web Design Services
  • Management Consultancies
  • Beauty Salons
  • Accounting and Auditing Companies
  • Healthcare and Medical Services
  • Information Technology Services

DED Professional License – How to get one?

Paperwork
In order to obtain a DED professional License in Dubai, the primary step involves paperwork. It is advisable to gather the right documents and have them ready beforehand. The nature of the business determines the kind of paperwork involved. List of commonly required documents to apply for a professional license in Dubai are,
  • Application form
  • Passport copy(s) of the expatriate business owner(s)
  • Passport and Emirates ID copies of the local partner
  • NOC from the expatriate business owner’s sponsor
  • Additional approvals listed by the DED
  • Approvals from the Municipality and Roads Transport Authority (RTA) (if applicable)
DED (Department of Economic Development)
The DED issues the professional licenses in Dubai, and hence dealing on a regular basis is necessary. Even though it is easy to get a professional license in Dubai, the proper protocol needs to be followed. DED charges a fee, and under the circumstances, you will have to make a security deposit. Also, one will have to submit the BR1 form, tenancy contract, name registration certificate, and EJARI registration certificate to the DED. A much easier and more efficient option is to seek the help of professionals or a business set up the company. Seeking assistance speeds up the work and proves to be more cost-effective.

Is it possible for a professional company to have 100% ownership?

DED professional licenses allow 100% ownership of your business, while for companies with trade licenses, it is mandatory to partner with a UAE national. UAE law allows the UAE national to hold 51% of the business shares, while the foreign partner can save only 49%. The positive side of the professional license is that you will have to make an agreement with a local service agent who gets paid an already agreed fee annually. The ownership is with you. Companies with a professional license need a local agent for all government-related proceedings, and this is when we Blackswan Business Setup can help you. We can act as your local service agent, making an agreement that safeguards both your ownership and investment. To know more about the security of your business and to operate autonomously, contact Blackswan Business Setup. You can also book your free business setup consultation today by calling us at +971-563-848-204 / +971-522447757. To know more about us, please visit our site https://bss.blackswanbss.com/ or email us at info@blackswanbss.com.

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