PRO Service : The economic hub of the Middle East, UAE is definitely one of the best destinations in the world to start a business. The extensive paperwork involved in this process can be difficult to deal with for most entrepreneurs.
In UAE, large scale companies hire Public Relations Officers (PROs) to handle the Governmental paperwork. Small businesses can outsource PRO services to a specialist local company who is an expert in documentation in UAE. It is a cost effective and stress-free way to complete the paperwork, leaving you to focus on your business.
Let’s check out the benefits of outsourcing PRO services
Stress Free
You can reduce the stress of dealing with submitting legal documents to various state and local agencies for Free zone, mainland or offshore company formation in UAE. To start a business here entrepreneurs also need to arrange visas, ID cards and UAE driving licences, police clearance and power of attorney, and various registrations. If you outsource all these process formalities to an Arabic-speaking, locally connected PRO service specialist highly experienced in dealing with government entities you can rest assured and get peace of mind.
Get Visas arranged for you and Dependents
A PRO service can make it easy for obtaining or renewing Visas for you and dependents. Dependents’ visas need a lot of documentation and many trips to government offices and clinics. It can be quite overwhelming but a PRO service can ensure all of the applications and logistics are taken care of on time.
Our Visa services include:
Sponsorship of the dependents’ visas
Entry permits
Status adjustment
Medical fitness tests
Emirates ID registration
Visa stamping
Legal expertise on Demand
When it comes to business start-up in UAE, it’s vital that you fully understand every legal document involved. You’ll need Arabic-speaking experts to translate and attest your legal documents. This can provide clarity and reassurance that you are adhering to government regulations and also help you avoid mistakes in interpretation of legal jargon.
Document Support
Outsourcing brings down the stress of arranging legal requirements like the Emirates ID card, licenses, Police clearance certificate and Power of attorney.
Easy access to business support services
Our PRO specialists can help you get speedy access to the Chamber of Commerce membership and other local services like courier services for important documents.
PRO Service in Dubai @ Affordable Cost
Any 40 Jobs in a Year !
These jobs included & are not limited to :
Visa Application
Visa Cancellation
License Renewal
Address Change
Notarization
WPS Insurance
Translation Service
Memorandum Amendment
Government Approvals
Medical/EID Assistance
Bank Account Attestation
Employee Insurance
Document Attestation
Import Export Code
Setting up your own business is very easy. Get in touch with us at Black Swan BSS to know more.
To incorporate your company in the UAE mainland is easy and profitable. The drawback is not to get unnoticed with the lack of complete ownership. People who want to establish a business in the UAE mainland are aware of laws that prohibit full-foreign ownership. The expat can't set up a business in the UAE mainland without a local sponsor. As of now, it seems that things have changed.
The UAE government has planned to give complete ownership to foreign nationals. You can no longer rely on local sponsors to begin your own company.
The background
The Foreign Direct Investment Law, Decree-Law No.19 of 2018, got issued and published in Q4 2018, relaxes the tight restrictions on foreign ownership. This grants 100% ownership of mainland UAE companies of specific sectors. The list of activities are open to allow 100% foreign ownership called the Positive List. On the contrary, negative lists have activities that would not open to foreign ownership.
The Positive List Inclusion
Positive list has activities that include requirements and shares capital requirements for each sector under categories like industrial, agriculture and service sector. There are 122 activities approved under each industry to become eligible for 100% Foreign Investor Ownership, the initiative opening opportunities for Foreign Investors to enter the UAE Mainland market.
List of Activities has:
The administrative and support services.
Agriculture.
Art and entertainment.
The Construction.
The educational activities.
Healthcare.
The Hospitality and food services.
Information and communication.
The Manufacturing.
The Professional, scientific and technical activities.
Renewable energy.
Space transport and storage.
The requirements and criteria for 100% ownership
Few conditions are met to get advantage of full-foreign ownership
Requirements of share capital
Based on business activity and industry, share capital requirements vary between 2 and 100 million AED. Industries related to hospital activities need a share capital of 100 million AED. Industries like manufacturing and share capital requirements change depending on the type of manufacturing activity. For instance, the manufacture of sports equipment needs 3 million share capital, and the manufacture of machinery equipment needs 100 million AED share capital.
The conditions
Few conditions must be satisfied by the foreign investor that varies upon the activity. The below-mentioned terms are to be met:
The use of new technology.
The recognition of a high added value.
Contributing to Research and development.
Meeting the needs of UAE Licensing entities.
The 100% foreign ownership in mainland identification of a high added value.
Contributing to Research and Development.
Meeting the needs of the UAE licensing entities.
The application for Full-Foreign Ownership includes:
Inclusion of FDI projects in the Positive List
Procedure for applying the complete ownership is by selecting the business activity in positive list and legal form (Private Joint Stock Company or Limited Liability Company). The FDI capital must not be less than minimum requirements.
Submission of FDI license application for approval.
Reservation of business name.
Get approvals of entities related to FDI company activity.
Get permission and receive FDI license after paying fees.
The opening of a bank account on behalf of the company.
The registration of License with the Ministry of Economy.
The FDI license applications of sectors have a maximum period of five working days to get approved.
Existing company changes to an FDI company
The transformation of an existing company to an FDI company with a mainland UAE LLC or private joint-stock company.
Project License not in the Positive List
Apply for the project license even if it is not under the positive list, for instance, sectors like real estate activities, retail, F&B and hotels. The foreign investor must submit their application to the Competent Authority of FDI. When sent to the FDI committee for consideration, the recommendation will be forwarded to the UAE Cabinet.
The application procedure is transparent in Dubai with the FDI handling applications in tandem with the Ministry of Economic and the Department of Economic Development.
To set up a full foreign ownership business at Dubai Mainland, or to have an existing company in UAE mainland, apply for the 100% ownership. We at blackswan would assist you with the eligibility of the process and steps as needed.
On Sunday, Oman’s Sultan Haitham Bin Tarik issued a Royal Decree stating that citizenship has been given to 30 expats.
In Oman, since the beginning of this year, citizenship is being given to third batch of expats. In March and February this year, Sultan Haitham granted citizenship to 39 expats and 157 expats respectively thereby Omani nationality was given to the expats living in the country.
How to get Omani citizenship
Fulfilling the requirements of the Citizenship Law of Oman, citizenship will be given to Omani expats who have been living for more than 20 years. The expats should abide with the procedure and required set of documents should be submitted. The Ministry of Internal Affairs takes the final decision on giving citizenship.
Before becoming eligible for citizenship, the expats must meet certain criteria. According to the Ministry of Interior, the expats have to file an application costing OMR600, while OMR300 has to be paid by the spouses or previous spouses of Omani citizens. Proofs relating to their residence and work place in Oman as well as nil legal cases against them have to be submitted. A medical certificate proving that they do not have communicable diseases also needs to be presented.
The application cost for Omani citizenship will be OMR600, while the cost of application for an expat wife, widow, or divorcee of an Omani citizen, underaged child of an Omani woman will be OMR300, says Executive regulation 92/2019 released by the ministry. Application cost for giving up or returning back Omani citizenship will be OMR200
The ministry has to be informed if anyone gains Omani citizenship in order to receive an Omani passport as well as must remain a resident of Oman for a long term.
“Within six months, the ministry should be visited by anyone who receive the Omani citizenship to complete the procedures required for an Omani passport for him and automatically sanctioned to underage children.” states Article 16 of the law.
Arabic language exam or an interview in Arabic at the ministry has to be undergone by the expats who begin this procedure. Upon failure in exam, after six months the expats can repeat it upto four attempts.
After gaining citizenship, during the first 10 years new Oman citizens will not be able to spend more than six months outside the country at a go, unless the Ministry of Interior gives the permission to the expats.
Where to apply?
Sultanate’s Ministry of Interior provides the people with application for Omani citizenship.
To maintain an accurate financial record of your business you must have a separate bank account to manage the funds. The corporate bank account must be used for tracking the money that is to be paid for creditors, to manage the cash balance, create profit and loss statements of the funds owed to the business and payrolls to pay the employees. These activities keep a track where all businesses need a separate bank account and an accounts department to guide you through the tedious process. Proper financial documentation files for your taxes and can apply for loans in the long run.
Usually, banks treat business accounts differently than personal accounts as they offer several benefits to open a business or a corporate account in their branch due to the high volume of money transactions happening. It is a mutually beneficial deal why banks nominate an employee from within for managing the business account. It doesn't mean that without him you will not be able to operate the account.When having a nominated person from the bank help you bypass the tedious procedures.
You have to identify which bank account you need to open your business account in, this could be based on the rate of interest and profit offered by the bank. You have to consult a financial advisor or contact an agency for proper information.
The importance of business account
When you have a dedicated account you can make payments or receive them. You would develop a good credit history when going for new investment opportunities or apply for loans at good rates.
The need to track expenses
When your business scales, it is difficult to manage your expenses and keep a track of it. The financial team can give limited access to the account that could be the wise decision to have an official record. This can be tracked from home with the bank's mobile application. This enables you to keep top of your finances without getting into too many details of the expenses.
Have the Cash Flow
When tracking the expenses, the cash flow makes you understand the ins and outs of the money that is maintained in the business account. This makes better business decisions to give a clear outlook on how much the expense, net income and profit happens. The records are obtained quarterly, monthly, annually or bi-yearly. It makes the business owners take full control of cash without understanding the depths of the finance.
Calculate the Tax
You can ask the business owner who has not maintained a good financial record, they will tell you filing the tax would be ten times harder. When you have a good financial team through the business account you can calculate the tax liabilities and maintain transparency to tax-related matters.
The Business Loan
Banks look at the financial background of organizations to apply for loans and when you have an account perfectly maintained and filed the taxes it becomes easier to successfully apply for the loan application. Banks have strict regulations where they can meet everything that is maintained with transparency.
Pay through card
Having a bank account accepting global payments could be a useful thing. You can be promoted as you have received a payment successfully without having to leave the comfort of your home or office. The corporate or business account has been highly underrated.
The Professional Approach
To create a brand image you must have a corporate account as a customer or client to make payments in the official name of the organisation rather than the owner's account. This reinforces the professional approach and adds brand value.
Precise at the Book Keeping
When you choose for the personal account to be linked with your business you will have trouble between personal and business payments. This leads you to make a mistake on bank statements of payment confirmations. It is good to keep your personal and business accounts separate to help you with everything.
To open a business or a corporate account
You have to identify which business account you like to open depending on your business model and payment structure. This can be either merchant service, savings account, checking account or credit card account. The higher the business transactions are the more incentives you obtain from the parent bank.
Benefits of opening a business or a corporate account in the United Arab Emirates
The personal and business-related funds are kept separate to allow the protection of the personal liability.
Customers can deposit money directly to your bank account so you can monitor online.
Nominate the employee who is legally allowed to handle the financial matters and track anytime you want.
Credit-card accounts guide you in making start-up purchases.
The organizations based on credit can purchase new equipment by not paying the money upfront.
The United Arab Emirates offers competitive interest rates in the region. This slightly differs for Islamic Banking.
The Corporate or Business account would make international remittances.
Based on UAE Dirham you can open the account in the desired global currency.
The banks for business accounts in United Arab Emirates
Several UAE banks offer the opportunity to open a Business Account. The following banks are best in business and are primarily considered:
The Bank Name
Minimum Deposit
Abu Dhabi Islamic Bank
5,000 AED
Dubai Islamic Bank
5,000 AED
RAK Bank
25,000 AED
Mashreq Bank
50,000 AED
Commercial Bank of Dubai
15,000 AED
These banks offer competitive interest rates, option of selecting multiple currencies, the check book facility, e-statements, free debit card and more.When you are looking for additional answers contact us and we give you the best decision for your business progression.
Documents Needed for Business Bank Account
Banking sector in the United Arab Emirates is reliable as they complete their due diligence by screening the applications to open a business bank account. Though it can be a long process as granted what is at stake, this is completely understandable why the process can take time.
Few requirements to fulfill when you are opening a corporate bank account in Dubai
The category
Documents
Address and Identity Proof
The copy of shareholders.
Copies of directors valid passport and shareholders.
The residence visa of all shareholder representatives.
Documents Needed for Business
The disclosure of funds source.
The business plan.
Certificate of Incorporation.
The registry of shareholders.
Certificate of good standing.
The existing contracts.
Potential clients list.
The official company extract.
Extra Documents
Reference letter of the business partners.
Information related to the business activities.
These basic documents are needed where the bank's reserve the right for asking extra information like updated CVs of shareholders and nominated directors.
The bank will ask for bank statements from one or more partners. To complete the registration process, you need all the required documents to be submitted to the bank for verification purposes.
The bank needs business to maintain a minimum amount of money within the account on a daily basis.
Few banks need businesses to have savings and checking accounts.
Why Black Swan
Black Swan consultancy gives you the best services and guides you through all procedures. The company makes aware of all challenges that every entrepreneur faces in the United Arab Emirates. We have qualified professionals to guide you from steps like company establishment to apply for different licenses to get your business off the ground.
You can contact us for more information and we are happy to guide you related to Bank Account Opening.
Trademark registration processes differ in all countries. To register a trademark in UAE, the first thing one needs to know is what does not belong in the trademark category before going through the hassle of the entire process. Trademarks cannot include any religious symbols, any offence to religions, other public symbols, direct translations of an existing trademark, and names of any third parties in the trademark itself.
Research
The first step is to ensure the trademark that is going to be registered is not in use by another company. One has to carefully scour the internet for existing trademarks that might match by using trademark researching tools . If no match is found, one can move on to the next step.
Documents Required
Trademark Logo of the company
Proof of Trade License
Power of Attorney
Copy of Passport
A list consisting of items that will be protected
Priority Document
Contact Details
Other (Depending on the case of your trademark requirement)
Payment of Fees
Upon finishing and submitting the application, one has to pay a fee of for the trademark registration. This fee is exclusive of any legal fee that one might have to pay.
Approval of Application
Needless to say, the application must be filled precisely and with careful consideration. Any misinformation or lack of clarity can get the application rejected. However, one can appeal to modify their application. The approval process can take up to 30 days.
Publishing in Newspapers
Once the approval is done, The Ministry of Economy needs to be further paid a significant sum if one wants their trademark published in the Official Trademark Journal. Getting the trademark published in two local Arabic language newspapers in mandatory, and wait for 30 days to see there are no objections to the trademark.
Certified!
If there are no objections, one will get the certificate of trademark registration. It will be valid for 10 years.
Located between Africa and Asia, Mauritius is gradually becoming an international hotspot and not just as a tourist destination. Its pristine blue and white beaches as well as beautiful scenery are no doubt exceptional; but the attractions of this beautiful island, do not end there. Mauritius has by now, built a good reputation, as a reliable destination, for foreign investment as well.
With one of the highest growth rates in sub-Saharan region: Mauritius has steadily changed from an economy dominated by just sugar cane to a multifaceted and advanced service economy as well.
Along with geo-political stability, easy and transparent regulations, efficient financial ecosystem as well as variety of value-additions, Mauritius offers a plethora of facilities for investors. So, today, one can say that, Mauritius is a well-established business destination and the choice of investors who are
seeking a secure and favourable investment platform.
Investment options abound in Agro-industry, Aqua-culture, Ocean economy, Education, Financial services, Healthcare, Hospitality, Property development , Smart citiy set up, Information and Communication Technology companies, Business Process Outsourcing services, Life sciences, Logistics, Manufacturing, Media and Creative industries to name a few. Thus, driven by innovation and a fast-growing economy, today, Mauritius offers investors business opportunities in a broad spectrum of sectors, field and industries.
There are many convincing reasons why investors choose Mauritius for investing and living in, notably:
Mauritius offers competitive operational cost
Good governance - Mauritius ranks 1st in Africa for the Mo Ibrahim Index of African Governance 2018
Ocean State with one of the largest Exclusive Economic Zones in the world
A robust and independent legal system with the Privy Council as the ultimate court of appeal
Ease of doing business – Mauritius ranks 1st in Africa in the World Bank Doing Business 2018
Investment-friendly regulatory regime
Convenient time zone (GMT +4)
Economic democracy – 1st in Africa for the Index of Economic Freedom – Heritage Foundation, and 1st in Africa in the Economic Freedom of the World – Fraser Institute
Open to foreign investors and talents
Political stability – 1st in Africa for the Democracy Index 2017 (The Economist Intelligence Unit)
State-of-the-art technological infrastructure
Skilled and bilingual (English/French) workforce
Mauritius is an important member of regional economic cooperation blocs such as the African Union, COMESA, SADC and the Indian Ocean Rim, thus profiting from no trade barriers. Through a wide range of trade agreements, Mauritius also enjoys preferential access to markets in many export destinations especially European Union and the USA.
Last but not the least is the various corporate tax credits and incentives offered by Mauritius as per their laws.
No wonder then, that the economic track-record of Mauritius is respected in the international community and has found many takers among foreign investors.
The main thrusts of the Mauritian tax system are the following:
15% tax on personal income (withholding tax).
No tax on capital gains.
No restrictions on repatriation of profits, dividends and capital .
80% tax credits on offshore companies – GBL1 (effective tax rate of 3%).
No taxation on dividends.
Vast network of Double Taxation Treaties.
OECD white listed Jurisdiction.
15% tax on corporate profits.
Now it's time to setup your business in Mauritius !
The E-trader license is for entrepreneurs or home-based individuals who sell services and products through social media platforms like Instagram. E-trader license was introduced by the Department of Economic Development (DED) to regulate the sales of online commodities sold through social media websites. The regulation curbs the sales of fake commodities and goods over social media.
Licensing acts as a confidence booster for buyers or customers who engage in online purchase through various social media platforms. To obtain an e-trader license in Dubai, you have to engage in offering services or products for sale on social platforms.
You will be interested on Trading License in Dubai
When you plan to work from home on social media platforms, the e-trader license in Dubai is the solution to flourish your business. The Dubai e-trader license makes you do online business only in Dubai, to sell your services or products to other Emirates, you must get separate approval from the DED authorities.
The Benefits of E-trader license in Dubai
Obtaining an e-trader license in Dubai, gives benefits for individuals to promote products and services or legally sell through various social media channels like Facebook, Instagram or on a personal website. An e-trader license in Dubai provides other benefits like:
The E- trader licensing promotes trouble-free online sales and gives customer confidence.
Licensing brings authenticity to online trading and E-commerce.
While the E-trader license makes the individual the legal authority to sell or market a product through various online platforms such as websites and other social media platforms.
The home-based business entrepreneurs have a wonderful opportunity to take part in exhibitions, events and showcase their commodities and products.
The license holder could sell their product through various E-commerce websites like amazon. ae
The license holders could benefit by participating in the E-trader training program organized by the DED.
The license safeguards trade name and Intellectual property.
Documents needed for E-Trading License in Dubai and their estimated cost
Attach documents proving your age, residency detail and place of address to DED for obtaining the E-trading license in UAE and Dubai. You can open a shop with the license. The license promotes the business operating from residences. When you think of setting up a company in Dubai, the license, procedure and eligibility criteria are different.
Documents needed for the e-trading license in Dubai are:
Should be located in Dubai and have a valid Emirates ID.
The Minimum applicable age must be 21.
Must register the trade name with the authorities and the approval should be attached with the application.
Must have proof of residence (Makani number). While the Ejari is not necessary.
The UAE e-trader license can be issued within 5 business days. The payment must be made to the authority within 24 hours of issuance of the payment voucher. The Dubai Chamber of Commerce membership needs to commence commercial business activities. The license must be renewed annually, before one month of the due date.
The E-trader license seems to be Emirate-specific. It depicts that the E- trader license issued in Dubai may not be used to trade in other Emirates. When you plan to sell a product to other Emirates, you have to seek separate approval from concerned DEDs. And you need to acquire another E- trader license for this.
The GCC and UAE nationals could engage in commercial and professional trading through social media accounts. It means they are allowed to sell physical goods and commodities along with services through social media platforms. There are few restrictions for expat entrepreneurs in connection with online sales. The Expat entrepreneurs cannot engage in commercial trading but they could offer professional services.
Eligibility for license issuance and the type of trading activity depends on the nationality of the expat entrepreneur. The information reveals during the license registration.
Can a Foreigner Own a Business in Dubai: The UAE is a business hub, and it is a great place to invest in and start a new business. Dubai is a land of opportunities. But, the law does not allow you to have a business without the sponsorship of an Emirati. There have been recent amendments allowing for 100% FDI, but the rules are not very clear on its operations.
Meanwhile, if you are looking to open a wholly-owned business in Dubai, you can look at the various free trade zones. There are 20+ free zones in Dubai, and more are under construction. Different types of businesses can operate in specific free zones. Free zones have many advantages like 100% ownership by foreigners, excellent support, no currency restrictions, and efficient logistics and such.
How to start up a business in Dubai Free Zone?
Identify your business type and what type of company you want to set up. In the free zones, you can have a Free Zone establishment (1 shareholder), Free zone company ( 2 or more shareholders) or the branch of a company operating in UAE or any other country.
Check out which are the free zones where you can set up your business. Choose the best location depending upon the cost, footfall expectations and other margins.
Research about the free zone and find out the regulating authority- In Dubai, the free zones come under many authorities like Dubai Creative Clusters Authority, Dubai Multi Commodity Centre Authority and many more.
Know what type of licence to apply. Depending on the nature of your business, you can apply for trade licence, industry licence, service licence or general trade activity licence. The concerned free zone authorities issue the licences.
Choose and register the trade name. The trade name should be available for use with the concerned free zone authority, and the company name should follow the general naming convention according to the law.
Fill up the forms, get your documentation ready like a business proposal, MAA, copy of passport and other relevant documents and apply for the licence. You will get your licence in a maximum of four weeks.
Open a corporate bank account. Show all your documents about your business and your licence to open a corporate account.
Apply for a business visa. Depending on your licence you may get the visa for yourself and a few employees.
You will have this Question in Mind when it Comes to Business Setup or Company Formation, That’s why we created a Business Setup Cost Calculator for you. It’s for free. It takes less than 25 seconds.
Setting up your own business is very easy. Get in touch with us at Black Swan BSS to know more.
Setting up your own business is very easy. Get in touch with us at Black Swan BSS to know more.
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