• +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
blast-off-to-startups-in-uae-and-israel
Categories Business, Startup, uae

Blast Off to startups in UAE and Israel

Blast Off to startups in UAE and Israel: Concord for both the countries will be prodigious for the Startups Problems are everywhere but nagging the venture capitalist will never create an own strategy for the development of the business environment in the UAE & Israel. But recently, leveraging relationships beyond the two countries’ borders results in economic vitality, especially in the business sector, with startups’ efficient involvement. New framework conditions urged by Dubai and Abu Dhabi created UAE with a better business economy for startups. Due to the changes in the diplomacy policies, there was chipping away from the UAE’s business environment, establishing more than one-third of startups from the Middle East and North Africa with potent growth in the technology sector. According to Israel’s economy ministry, it reveals that more than 40 percent of the country’s export comes from the high-tech sector stating with an example of an industry that has the nickname startup nation. Yesterday on Saudi-based Arab News, an entrepreneur stated that “The new partnership makes a compelling and cogent case. UAE has the financial capital above what can be put to effective use within the country, so we have sovereign wealth funds. Israel is advantageous in terms of human capital and ingenuity from all around the world. It’s a perfect fit” he added. A deal normalizing ties in a jiff between UAE and Israel divulged a Tel Aviv technology, head of an organization received dozens of LinkedIn invitations from several nationals of the UAE. In August, after one month of a diplomatic step forward, a startup CEO of National Central, Mr. Eugene Kandel, reveals Israeli technology sales in Dubai. The startup also tries to bridge the gap between the Israeli government, businesses, and organizations for more usage of Israeli technology companies. Mr. Kandel added that “The launching of public business ties can provide a lot of opportunities for many Israelis”. The organization also reveals that immediately after the August 13 announcement of diplomatic concord, the number of Emirati users in the Startup National Central platform raised to 122 percent. Over time, visiting the web page escalated to 600 percent. According to the internal study, the investment in Israel’s startup sector upturned to 33 percent worth $4.6 Billion (Dh16.8 billion) in the first two quarters. Mr. Kandel added that “Israel must now tap into the unrealized potential with doors opening to the Gulf”. In the coming weeks, an Israeli investment tycoon Mr. Erel Margali of JVP Margalit, which handles cyber security, artificial intelligence, and financial technology, plans to forward a team of representatives to UAE. Here, Mr. Margalit said that he wants to invest in young, dynamic, smart Arab entrepreneurs. He also added that he is closely watching the Emirates as a country of tech innovators, rather than just customers. And his goal is to open a startup incubator in Dubai. It’s our goal, it’s our dream, says Mr. Margalit. But “This would serve as a gateway to the whole region” he added.

Setup your Business Today!

How-to-Start-a-Manufacturing-Business-in-Dubai
Categories Business, Business Setup, dubai, How To

How to Start a Manufacturing Business in Dubai?

How to Start a Manufacturing Business in Dubai?: The UAE is one of the places with better opportunities to open up your manufacturing plant. There are varied benefit s in opening a manufacturing plant in the UAE. The country's manufacturing sector is very vast and diverse, with products to and from the international markets.

Registration Process for manufacturing Business

In order to a new manufacturing company in Dubai which produces new products or transforms raw materials, the following steps are pursued:
  • While setting up a Business in Dubai Mainland, you need a local sponsor who will own 51% of the company's share
  • Selection of your business activity, a crucial step as it affects the type of business license to be procured
  • Getting a trade name with which the company will operate and get it approved by the authorities
  • To obtain authorization from the Ministry of Economy for the project, get a NOC (No Objection Certificate) by drafting an MOA (Memorandum of Association)
  • Locate a well-equipped warehouse for your manufacturing plant and get a tenancy contact and Ejari from the landlord.
  • Approval from Dubai Municipality's Planning division to procure an Industrial license
  • A NOC from Civil Defense
  • Procure any additional approvals E.g. for a food manufacturing company, a NOC from Food Control Authority is mandatory, for chemical products, you need a clearance from the narcotics department, and for jewelry clearance from Dubai Police is a must.
  • Submit all the documents to the Environment Department for Industrial Clearance.
  • After approval, submit the same to the Dubai Department of Economic Development (DED) for registration.
  • You will receive your Industrial License and Certificate of Incorporation.

The Pros of Starting a Manufacturing Business in the UAE

The benefits of starting a manufacturing business in UAE are listed below
  • Infrastructure is far better with fits-all industrial facilities and office rental spaces
  • Factories in free zones are set up with no or minimal taxes
  • Ease of access to markets of Africa and Asia due to the geographical location.

Setup your Business Today!

To enhance commercial cooperation and business
Categories Business, Oman

To Enhance Commercial Cooperation and Business Communication- Pact Signed by Oman and Sri Lanka

Muscat: The Chairman of Oman Chamber of Commerce and Industry (OCCI), and President of the National Chamber of Commerce have signed a Memorandum of Understanding (MoU) between in Sri Lanka. The OCCI said in a statement that the Oman Chamber of Commerce and Industry, on the sidelines of the Oman-Sri Lanka Business Forum signed a MoU with the National Chamber of Commerce in the Republic of Sri Lanka aiming to contribute for enhancement of volume of commercial cooperation and development of network of communication between business owners in the two countries. In addition OCCI stated that His Excellency Ridha Al Saleh, Chairman of the Chamber’s Board of Directors, representing the Oman Chamber of Commerce and Industry, and His Excellency Nandika Buddhipala, President of the National Chamber of Commerce in Sri Lanka, representing the Sri Lankan Chamber, and in the presence of His Excellency Omar Libby, Amir Ajwad, the Ambassador of the Democratic Socialist Republic of Sri Lanka accredited to the Sultanate signed the MoU. You will also be interested on:
How to Lower your Business Setup Costs in Dubai
Categories Business Setup

How to Lower your Business Setup Costs in Dubai

How to Lower your Business Setup Costs: There are multiple things that one needs to invest in while setting up a business in the UAE. To save extreme expenditure, one needs to find a way to optimally spending on setting up costs, without spending more than you have to. Here are some ways to stay aware of and monitor your overhead costs:

Get an Expert!

Hiring an expert who has experience in business set up will help you determine all sorts of preliminary costs at the planning stage itself. Determining the various privileges of setting up a company will help you steer clear of all sorts of costs you can avoid.

Naming your Company

Giving your company an Arabic name can save you up to 2000 AED as the whole trade name fee can be exempted in the final payment voucher. If you choose a name in a foreign language, you will incur these costs. There would be a license fee on this every year that can simply be saved upon taking up an Arabic name.

Choosing the Right Jurisdiction

The company set up costs depend on the jurisdiction you choose to operate in. All areas have different set up costs. In the mainland, the costs are derived by the Department of Economic Development (DED). Whereas in the offshore and free zone companies, it is independent of that and each jurist=diction has its own system of governance that decides costs.

Choosing your Local Sponsor

Choosing a local sponsor for your business can be tricky. Ideally, they are 51% shareholders and have a share of the profits at a predecided rate, But since the majority shares are in their hands, they can choose to act upon it. Therefore, finding someone you can trust and keeps his word is important. Documentation can be drafted for this purpose.

Monitoring Accommodation Allowance Fee for Employees

The UAE law for mainland companies requires that the company pays a prescribed amount for its employees’ accommodation. By finding our which employees are actually from UAE, you can reduce the amount from the payment voucher and save money. Doing enough research appropriately, depending on your type of operations and getting help from experts will help minimize costs and save you a lot of money in the long run.

Setup your Business Today!

Regulations to fly a drone in the uae
Categories News

Regulations to Fly a Drone in the UAE

Regulations to Fly a Drone in the UAE: Flying a drone may seem like a simple, negligible activity. But not in UAE. In UAE, there are several restrictions as to where, when and who can fly the drone. The UAE government keeps in its highest regards the safety of its citizens, so instead of mitigating a disaster, they take necessary actions to prevent it. Not only for the safety, but the flying of drones is regulated so that the privacy of the citizens can be protected.

Registration

For anyone to fly the drone in the country, a registration process needs to be done. This is regulated by the General Civil Aviation Authority (GCAA) and to register one needs to visit their website and follow the instructions. The drone operator/owner needs to undergo a test in the training grounds of Sanad Academy. Only upon scoring a successful 85% or above will the operator be certified and eligible for a drone license. Upon submitting the license and drone number to GCAA, the operator card will be issued.

No-Fly Zones

Drone operators are not allowed to fly the drones in, around or over airports, especially to avoid air traffic and prevent the safety of the lights. In addition to that, flying over residential areas is also off-limits, to protect the privacy of the people. Further, each drone operator must install the UAE Drone Fly Zone Map App to always keep in check whether they are in the green zones.

Flying for Recreation

Keeping in mind that the drones are registered, they can only be below 5 kilograms (11 pounds). They cannot be equipped with drop and release mechanisms and should always stay in the line of sight and not more than 400 feet above ground level. Collision with objects or people or other aircraft must be avoided.

Flying for Professional and Commercial Purposes

Drone operators when flying for commercial purposes must obtain operational approval before each time they make use of the drone. The application must include whether or not the use of capturing devices will be involved. The operational areas under this category include Aeriel Work, Agriculture, Air Show, Fire fighting, Inspection, Media, Petroleum, Protecting Wildlife, Screening, Surveillance, Survey, Weather forecasting.

Laws and Penalty

Article 69 of the UAE law states that a person can be imprisoned up to one year or/and be fined as much as fifty thousand Dhirams if found that the drone operator does not have a license or that it has been expired. Other rules include that the aircraft cannot be manned when the operator is inebriated/drunk, and the drone cannot damage any aeronautical communication facilities or navigation aids on the ground amongst other specifics. Article 70 states that a person can be imprisoned up to three years or/and be fined as much as a hundred thousand Dhirams if found that the person doesn’t bear the nationality of the country. Flying over restricted areas, airports, and territory of the State falls under defying this law. Using a drone as an aid to carry ammunitions or any weapons and committing or even intending to commit a felony is punishable.

Setup your Business Today!

Is Oman a good place to start a business
Categories Business, Oman

Is Oman a good place to start a business?

If you are looking to start a business in Oman, then you have arrived at correct place. Here you will get detailed information regarding how to start a business in Oman. The only thing you have to do is read the full content thoroughly. Oman is an Arab country located in the southwestern part of the Asian continent. Muscat is the largest city of Oman. Oman shares borders with five countries, which are Saudi Arabia, UAE, Yemen, Iran and Pakistan. Oman Arabic is the official language of Oman. Oman is classified as a high-income economy despite the fact that it is not an oil producing country like its oil-rich neighbors. Living standards in Oman are higher than in other countries in the region. Oil and natural gas reserves are limited, but the oil and natural gas sector still makes the largest contribution to gross domestic product. Agric sector that produces grain, lime vegetables, and dates, is another major source of income in Oman. Recently, the government of Oman is improving how to open the tourism sector to investors. Oman is a relatively easy place, as shown by Korea's favorable ranking in international business research. In particular, Oman ranked 71st out of 190 countries in the World Bank's business convenience rankings in 2018. Good support for factors like tax payment and business start-up. The former pattern of doing business in Oman mainly deals with other exclusive patterns in familiar and westernized business situations, but is likely to have a clear Arabic business flavor.

A Brief of Oman business culture

It is important to understand that arrogance is more free than neighboring countries, but remains an Islamic state. Foreigners should always be sensitive and respectful of the great influence these religious beliefs have on ordinary social life. Expatriates must never deny the belief of Islam or its chief Mohamed. Oman's business culture is generally Arabic in that it focuses on personal relationships among business associates. Omani businessmen always choose to work with someone they know and trust. Expatriates need to be patient in their initial meetings with new Omani business partners. It takes a lot of time to get to know each other before the actual business is discussed. Falling in arrogance is undesirable. Long-term and personal business relationships in Oman are worth your time and energy.

Tips for Starting a Business in Oman

  • Try to build a personal and serious relationship with Omani business associates
  • You will go a long way in dealing with business stakeholders, so learn some basic Arabic words even with a few words and phrases.
  • Do not shy, weaken or insult anyone during a business meeting. In the western world, this will gain more fame, while in the Arab world it will spoil the possibility of forming good business relationships.
  • Respect and observe the Islamic culture and traditions.
  • Do not forget that in Oman, the line between professional and private life is often blurred. Family disturbances are expected during business meetings.
Oman has caught the attention of international investors. Investors take into account a wide range of parameters and finally make their first step towards registering a company in Oman. You will also be interested on:

Get a Proposal Today

eCommerce-Business Scope in Dubai UAE
Categories Business, News, Startup

eCommerce Business Scope in Dubai UAE

Considering the shift of most activities online, it would make sense that revenue-generating ventures also happen on the internet. That is where E-commerce comes in. E-commerce is practically your trading, but all markets are in your hand, locked in a bright, white screen.

Use of Technology

Dubai, in general, is a great place to conduct business because of its flexible investment capacities, infrastructure, and the holistic business environment. The scope of E-commerce is quite happening in Dubai. It is a fast way to grow your existing business by giving it a digital presence. One of the main reasons business aspirants should consider divulging into e-commerce is how dependent today’s generation is on the mobile phone. In this day and age, not having a mobile phone means being stuck. People in Dubai spend time on social media not only to socialize, but there has been a significant increase in the use of those platforms to do retail shopping.

Demographics

The convenience and reach of the internet in hand-held devices at any time and anywhere is the maximum selling point. Acknowledging the fact that about one-third of Dubai’s population is comprised of millennials and GenZ, the generations that need everything done immediately and at their own whims and convenience, online shopping will only grow. With that in mind, all these e-commerce websites are even associated with cashless, online wallets that make the entire experience for people efficient and convenient.

Purchasing Power

Another important factor that contributes to the developing scope of e-commerce in Dubai is the purchasing power of the citizens. It being a developed city ensures people living there have the capacity to spend money and avail the benefits provided by an e-commerce business.

Government Intervention

Besides, the government has shown keen interest in developing an online culture and has been developing effective and efficient policies to help the proliferation of -commerce. In the UAE Vision 2021, developing e-commerce is of top priority. By approval of the Dubai E-commerce Strategy, the city has come to be the centre for the world’s conducive e-commerce. This lead to the government increasing the market share of Dubai-based e-commerce businesses, meaning reaping benefits becomes multifold.

How can Black Swan Help You !

As a business consulting firm Black Swan Business setup service can help you in setting up of eCommerce business in Dubai mainland or Free Zone with eCommerce licence and end to end support in PRO Service, Bank Account, Logistics, VAT Service, VISA Services, Office & Business Center, Secretarial Service, Warehouse, Accounting,  eCommerce Website Development, Digital Marketing, Book Keeping, Trademark Registration and more

Get a Proposal Today

Categories Business, Business Setup, dubai, uae

HOW TO START YOUR BUSINESS IN DUBAI?

Black Swan is a corporate service provider company. We can help you know all about where, how and how much you need to start a business in Dubai. For more details please watch full video https://youtu.be/kxVyZj_C3cI Get free consultation Call or WhatsApp +971-52 244 7476 / +971-42406939 Website : https://bss.blackswanbss.com/ Official Blog : https://bss.blackswanbss.com/updates/ Facebook : https://www.facebook.com/blackswan201/ Twitter : https://twitter.com/BlackSwanBSS Instagram : https://www.instagram.com/blackswan_businesssetup/ LinkedIn : https://www.linkedin.com/company/black-swan-business-set-up-services
How to Setup a Start-Up in Dubai
Categories Business Setup, dubai, How To, Startup

How to Setup a Start-Up in Dubai

How to Setup a Start Up in Dubai: Startups are those businesses that are focused on top-end revenue and growth potential of their venture. They provide unique services or products in the market. They are small companies which can fit well in any economy. The startup market in Dubai is one of the most leading hot spots as theories a lot of booming economies there. With the influx of many many young entrepreneurs and women entrepreneurs, the startup market is gaining a lot of traction. Moreover, the new visa system offers 10-year visas for business persons and professionals if they want to start a business in Dubai, therefore it attracts more business. The way to set up a startup in Dubai is the same as starting any business. There are some procedures to follow:

Research the Jurisdiction

There are many zones in Dubai Market - Mainland, Free Zone, and Offshore. Make sure they meet the demands of your business and the activities you want to conduct. Each has different perks and limitations.

Company Structure

To know the correct form of operation of the business, you need to decide the legal form or the company structure for your business at an initial stage before you start the rest of the procedure.

Getting Approval for Name and Activity

One needs to get approval for the name and activity that you want to do from the Department of Economic Development before actually setting up. The activity is also approved at this step and required documentation is distinguished for the process of licensing.

Getting License

Depending on the type of business you can choose the type of license you want to obtain - Commercial License, Professional License, Industrial License and Tourism License.

Registration of the Business

Licensing and Registration are done hand in hand, therefore the entire process is known as the registration process. The Department of Economic Development (DED) usually deals with giving trade licenses to businesses to conduct business-related activities.

Local Sponsor/Partner

One of the rules of incorporation of a business as default is having a local sponsor who can either be a percentage partner or is strictly involved only as a person to authorize documentation. There can be a leeway in Freezone companies in this regard.

Getting External Approvals

Sometimes approval from DED alone is not enough and requires approvals from other bodies, governmental as well as non-governmental bodies. For instance, companies may require getting approvals from the municipality, banks, embassies, etc.

Drafting an MOA

Ensuring to take expert advice is crucial because a lot of details can’t be changed and they need to be made in a way that they comply with all business regulations.

Renting Office and Getting Tenancy

There are some restrictions and rules for the amount of office space required in some areas of jurisdiction. A tenancy contract must be acquired before getting the business license.

Getting the Business License

After the entire procedure is over and several documents are submitted - Memorandum of Association, the License Application, the attested LLC agreement, governmental forms, name reservation certificate, initial approval certificate, external departments approval, tenancy contract, registration certificate, passport copies partners, NOC for partners (if any) or any other specifications as per your business demands - one will have to pay the necessary fee and get the license from DED.

Get Free Consultation

1 … 39 40 41 42 43 44
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englisheo Esperantotl Filipinofr Frenchde Germanel Greekhi Hindiit Italianko Koreanpt Portugueseru Russianes Spanish