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How to start a construction Business in Dubai & get License

29Sep2021

Business, Business Setup, Construction, CONSTRUCTION COMPANY, dubai

How to start a construction Business in Dubai & get License

The factor that gives rise to the construction business in Dubai is increasing the number of foreign investors. Entrepreneurs across the globe come to Dubai for business opportunities and to seek residency in Dubai. It leads to the increasing construction sectors that value the properties on this basis.

Construction Company Formation In UAE

When you look to start a construction business in the United Arab Emirates, decide either you form a Free Zone Company or a Mainland Company. The formation of a Mainland Company needs you to have a local partner to own 51% of your company shares. Formation of the Free Zone Company grants complete ownership. You can understand the benefits and differences of these company formation types here. It doesn't matter what type of company you like to establish, take into account the UAE provisions of building law amended in 2013.

For Contracting and Construction License in the UAE

Our experts of Black Swan will assist you with the company registration process. This needs to prepare the application form, essential documents and file them to the Department of Economic Development (DED) in the United Arab Emirates. Get a commercial license to give you official permission to start your company formation in Dubai. After receiving this license, you need a building permit that allows you to start the construction activities. You may need consultants or engineers to apply for your building permit. Then the responsibility of the consultant is to evaluate the soil from the construction site and to determine their properties. Other licenses can be the building license that is issued by a Free Zone Company or Dubai Municipality known as G+1 permit. The construction companies should get a civil work permit and an environmental license.

Special Approval Needed From the Government Authorities

Once obtaining the above-mentioned license, the Construction Company of Dubai must acquire special approvals from the government authorities listed below.

Electricity and Dubai water Authority: You need a clearance from this department to provide the basic amenity to the occupants.
The Department of Drainage and Irrigation: This deals with disposable services and liquid waste management.
Dubai Civil Defense Authority and Building Department: These institutions keep a check of the construction company, whether it adheres to construction norms or not.

For more information on ways to set up a Construction Company in UAE, feel free to contact the Blackswan business set-up team.

The 100% Ownership for Foreign Investors in Oman

Oman implements the new Foreign Capital Investment Law that came into effect in early January 2020, which allows the foreign investors to open businesses with full ownership and would not stipulate the Share Capital requirement.

Ministry of Commerce and Industry enforcement of the new Foreign Capital Investment Law, promulgate the Royal Decree No. 50/2019 holds a handful of incentives and this benefits the foreign investors by removing the previous mandatory appointment of Local Omani for business registrations in Oman.

A big leap taken by the Government with a clear vision, fortified the country’s economic development to attract more foreign investors leading towards further investment opportunities in the future.

The Chief Executive Officer of the Smart Portal of Investment, Dr. Youssef bin Hamad Al Baloushi, stated: “There can be no doubt that investment in general and foreign investment in particular is very important for any development process. Countries would compete to attract such investments as it renders lots of advantages and solutions.”

Dr. Youssef bin Hamad Al Baloushi also mentioned: “In regards to the Sultanate, there is an urgent need for accelerating the pace to attract and encourage domestic and foreign investment. It is required due to the current growth stage. The infrastructure can be in a high level of readiness. Now there is the legislation at hand that helps the transition to a new model to reap the fruits of huge investments. This also maximizes the benefits. The Sultanate is one of the nations with lots of natural resources. Needs and priorities of development have been radically changed from the beginning of the Renaissance until now. The Sultanate adapts to the changes within a short period. This has all the resources, ingredients and readiness to change and move to a sustainable stage where all will work, produce and get all sorts of benefits.”

With the translation services, manpower offices, rehabilitation centre, tailoring of garments, car cleaning services along with other 32 business activities stay under the Negative list that needs the involvement of a Local Omani. Investors have an array of business activities as they are eligible for 100% ownership to choose from.

More clarity with specific provisions of the new Foreign Capital Investment Law will be released in the coming months once the Executive Regulations have finalized and made public.

Get More information on Oman Company Incorporation

Register a Company in Oman with 100% Foreign Ownership

dvantages-of-setting-up-a-company-in-Dubai-Free-Zone

24Sep2021

Business, dubai, Free Zone, FREE ZONE COMPANY

Advantages of Setting up a Company in Dubai Free Zone

An analysis of economic zone & free trade zone is the first instance to be considered while establishing a business venture. Various impetus of normal advantages of free zones over non free zones in Dubai are as follows

Upsides:

100% ownership in his/her venture , no native benefactor required
Venture premises are easier since 38plus FTZ are accessible
Duty is imperceptible as to non-free zones
Zero corporate tax
International currency can be contused
Privilege in personal income tax
Venture licensing pace is less in free zone area
Establishment disbursement is profound
Entrenched root
Entrenched IT & Security
Amicable environment
Malleable visa policy
Easy &flexible labor laws
Easy freightage
Ready warehouse access
Zero stipulation 24*7

Mandatory Procedures to Be Followed For Venture Startup

Certain pre-requisitions are to be mandatorily followed which should be in accordance with the legal bindings of Dubai business incorporation system and also certain pre startup to-do list have to be undertaken for incorporation of the venture in Dubai

Pre Start-Up:

Discussion with a business guru
Selecting the right venture market
Name of the venture
Licensing of the venture
MOA for the venture
License and approval certificates
Prior reservations of corporate premises

Setup your Business Today!

23Aug2020

BUSINESS CONCIERGE

Business concierge Aug 2020

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