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Category Archives: Business License

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Categories Business, Business License, Business Setup, dubai

Steps to get an Industrial License in Dubai UAE

Industrial License In Dubai : The business world in the United Arab Emirates is growing quickly. As the business world grows, getting a legal license to start a business has become a must. At the moment, the UAE offers licenses in fields like housekeeping, manufacturing, importing and exporting, and freelancing. Steps to get an Industrial License in Dubai? is the subject of this article. In Dubai, businesses that turn natural resources or raw materials into finished goods need an industrial license. This change can be done by machine or by hand, and it can start with raw materials or materials that are already partially made. Most industrial licenses are given by the DED, which stands for the Department of Economic Development. These licenses are used for activities like sorting, making, packaging, storing, and gathering. But the license must be approved by the Dubai Municipality and other ministries and authorities.

The industrial license can be given to businesses in the following fields:

  • Textile manufacturing
  • Paper manufacturing
  • Food industries
  • Bread manufacturing
  • Manufacture of petroleum products
  • The casting of the metals industry
  • Engines and equipment manufacturing

Conditions to Be Fulfilled to Get an Industrial License

Before you apply for an industrial license, make sure that you have met all of the requirements set by the UAE Ministry of Industry and Advanced Technology. Here is a list of the requirements:
  • Office Space: If you want to apply for an industrial license, your company must have a warehouse and an office in the UAE. It's not okay to have a virtual office space.
  • Local License: You need to get an industrial license from a local licencing office.
  • Capital: Your business must have at least AED 250,000 in capital.
  • Employees: At least 10 people must be working.

Documents Needed to Obtain Industrial License in Dubai

  • Company’s registration document
  • Shareholder passport copy
  • UAE local sponsor’s National Identity copy
  • Memorandum of Association with the shareholders and local sponsor
  • Data report on the production costs
  • The business model of the factory
  • Blueprint of the Factory plans
  • Land Lease Agreement for the site when approved

Procedure to Obtain an Industrial License in Dubai

  • You need permission from the Dubai government to start a business or make changes to an existing one.
  • Once you get their OK, you have to go to the Department of Economic Development (DED) and ask for an industrial license.
  • The DED will get in touch with you once your application is accepted.
  • Your license must also be approved by the Industrial Registry, the Chamber of Commerce and Industry, the Ministry of Health, and any other relevant authorities.
  • You must use the above documents in a way that meets the requirements of the right authorities.

Cost of getting Industrial License in Dubai

How much it costs to get an industrial license depends on where you want to get the license. The cost of getting an industrial license depends on whether you want to do business in the mainland or in a free zone. Other things to consider are the cost of renting space, the cost of extra permits and registrations, and the cost of the business license. On average, it costs about 35,000 AED - 50 000 AED to get a license for a business. Cost may differ based on the activities & and various other factors. You can call Balck Swan now to know about the cost.

Privileges of Industrial License

Companies that have industrial licenses in the United Arab Emirates have been given special rights by the government and ministries there. The goal is to encourage businesses and get more money invested in them. Here are some of the reasons why getting an industrial license in Dubai is a good idea:
  • Conditions for renting space that have been made to help the investor
  • The government gives you cheaper land to build your business on.
  • Prices are lower for water, electricity, and other things that people need.
  • Advice on how to improve your industry was based on what other industries like yours did.
  • Loans for products with new ideas can have lower interest rates.
  • During the R&D phase, the government will give you money if your product is expected to help the economy.
  • Exceptionally high-quality goods will be the top priority when the government buys things.

Obligations of an Industrial License Holder

The United Arab Emirates' federal government has put some requirements on a business license holder in Dubai. You must follow the rules if you don't want bad things to happen and if you want your business to run smoothly. As soon as your project is approved, you have 6 months to start building your industrial space.
  • Send the Department of Economic Development all the documents they need (DED).
  • You must first send a letter to the Department of Economic Development when you are ready to start your industrial operation. After that, DED gives a certificate of authorization.
  • Your business needs to be on the registry of businesses. Send a letter to the right people asking them to register you.
  • If you need to make changes or additions to your company's records, you must send a letter to the Department of Economic Development. The letter must be written in a certain way and describe the changes.
  • You can't sell or rent out the land that the government gave you to help your business grow.
  • Your company must make a list of all the workers who have signed up and send a copy to the DED.
  • If it doesn't say otherwise, none of the goods or materials that were brought in after a request for customs duty exemption can be used.
  • Follow the rules, laws, and policies of the land to the letter.
  • All instructions about keeping fit, keeping clean, and making sure the workplace is safe must be followed to the letter.
  • Reports need to be sent to the right people on a regular basis.
Blackswan Can help you in Getting Industrial Licence in Dubai Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Company Formation In Quoz Mainland Industrial Area Dubai, Industrial License In Dubai
Categories Business License, Business Setup, company, dubai

Sole Proprietorship Company Formation in Dubai

A sole proprietorship is an exciting way to start a business because it is owned and run by one person, and the business license is also in their name. It's a common way for people who offer professional services to set up a business. One thing that makes a sole proprietorship different is that it can't have any shareholders or partners, nor can it have a company or corporate body. Even though there is no shareholder in this case, you may need to hire a local service agent depending on the type of business you run to help you go back and forth to get government approvals, licenses, visas, and more. As is the case with Local Service Agents in general, they don't have any say in how your business is run and don't have any shares in it. You still own it 100%, but they get paid an annual fee for the services they provide. The cost of setting up a sole proprietorship business is lower, but the fact that the owner is responsible for everything can be a problem in the long run. The person in charge of a single-location business is responsible for all of the money, both the profits and the losses and debts. In this case, if the business ran into financial trouble, the person might have to use all the money they've put into the business as well as their own assets to pay off those who are owed money. At Black Swan, we know both the technical details of setting up a sole establishment and the risks that come with it. Our goal is to make these processes easier for you, help you understand your options, and give you the best strategies for your business. Let's try to do great things together!

Benefits of a setting up a sole proprietorship

Setting up a sole proprietorship has many benefits for the person doing it. Here are some of them:

100% Ownership

Owners of sole proprietorships enjoy having full control over their businesses, whether they are from the area or from another country.

Ease in trading

The fact that sole proprietorships and other businesses with a mainland license can easily do business anywhere in the country, even in free zones, is a huge benefit.

Affordable

The UAE Government got rid of the paid-up capital requirements that used to be in place for sole establishments so that qualified people could use them more easily.

Operate as an LLC

People who want to start businesses in the service industry have a golden opportunity to set up their businesses as LLCs. With an LLC, the investor's personal assets stay safe, and they are only responsible for the amount of money they put into the business.

Documents required to set up a sole establishment

For a sole proprietorship company formation, you need to send in all the required documents, just like with other licenses and types of businesses. This makes sure that your application goes through smoothly. Here are the things that need to be done;
  • Filled application form
  • Passport copy of the owner
  • Owner’s residence visa or visit visa copy
  • Business activity and trade name options
  • Proof of registered office address
  • Local service agent’s Emirates ID copy (if any)
  • Proof of knowledge in the professional field (educational qualifications or professional experience/ required by some activities only)

How can you establish a Sole Proprietorship?

The Department of Economic Development (DED) is the main governing body for businesses on the Mainland. If you want to do business in any Emirate, you must get permission from the DED to do so.
  • The first thing you need to do to set up a sole establishment is to send the DED your business activities and business name to get initial approval. This is a sign from the DED that you can move forward with the rest of the process.
  • Depending on how you run your business, now would be a good time to hire a Local Service Agent. Along with this LSA, you must write and sign an agreement that spells out each of your duties (as well as the annual fee that the Local Service Agent will be awarded, if required).
  • After those things are taken care of, it's time to think about office space. For mainland licences, you must have a physical office. You must send your tenancy contract and Ejari to the DED along with other documents after you've rented an office space and made sure everything is set.
  • Now would be a good time to apply for any special permissions that your business might need from other groups.
  • When you have all of the above, you can send all of the paperwork back to the DED, make your payment, and get your business licence.
Setting up a business can quickly become a boring job if you don't have help from a professional. We want to give your business the boost it needs to be successful. Get in touch with our expert team and let's get the ball rolling on how we can help you set up a sole proprietorship. Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai
Difference Between Foreign Trade Foreign Investment
Categories Business License, Business Setup, dubai

Difference Between Foreign Trade & Foreign Investment

Globalization has changed the shape of markets all over the world and how business is done. As part of globalization, foreign trade, which is the buying and selling of goods and services in different parts of the world, is one of the most important changes. The next big change that globalization has brought about is foreign investment, which is when people and businesses put their money into companies based in another country. Foreign trade and foreign investment both bring in money from outside the country, which helps the country grow. Let's look at the article to figure out what the difference is between international trade and international investment.

Definition of Foreign Trade

Foreign trade is the act of buying and selling goods and services on markets outside of your own country. It makes it easier for goods to be sold on the market of a country other than where they are made. It means that there are more goods to choose from because the prices of similar goods are almost the same. So, the producers have to compete with each other. A country needs to trade with other countries in order to get the resources it needs. This means that trade between countries happens because no country is self-sufficient. So, to meet its needs for natural or man-made resources, it trades with a country that has a lot of them. Also, it's good for the countries that have a lot of certain minerals or other things to sell them to other countries. Importing, exporting, and re-exporting are all types of international trade. Foreign trade is governed by trade policy, which is made up of guiding principles and control measures that help keep track of the country's exports and imports.

Definition of Foreign Investment

Foreign investment is when a large amount of money from a foreign person or company is put into a domestic company. This means that the foreign person or company owns a lot of the company and also runs it. In short, foreign investment is when money from a country other than the company's home country is put into the company. So it causes capital to move from one country to another. It can take the shape of: Foreign Direct Investment: Investment from outside the country in a company's production or business.
  • Foreign Portfolio Investment: A foreign company put money into the stock market of another country.
  • Foreign Institutional Investment: Foreign investors put money into the company's passive holdings, which are used by the company in a different country.

Key Differences Between Foreign Trade and Foreign Investment

We will talk more about the differences between foreign trade and foreign investment in the following points:
  • Foreign trade is the exchange of goods and services across the borders of a country. Foreign investment, on the other hand, refers to the type of investment that a company or person from one country makes in the equity of a company in another country.
  • Every country doesn't have all the resources it needs, which is why it needs to trade with other countries to get the resources it doesn't have. On the other hand, foreign investment tends to meet the company's capital needs from outside the country.
  • Foreign trade links the markets of countries all over the world. On the other hand, foreign investment brings money, technology, and other resources to the company that were not there before.
  • Foreign trade gives American businesses a good chance to sell their goods around the world and reach more people. On the other hand, foreign investment tends to bring in long-term capital in a foreign currency.
  • The main goal of international trade is to make money and make a name for oneself on the international market. Unlike a foreign investment, which is made with the goal of getting long-term returns and having a stake in a company in a different country.

Conclusion

The Gross Domestic Product (GDP) of a country goes up when it trades with other countries or gets money from other countries. This is an important source of economic growth. To sum up, foreign trade is the buying and selling of goods and services. Foreign investment is when a foreign company invests money for the long term in an international market. Black Swan can help you in Company Registration in Dubai, Oman & Saudi, Fill up then form below and get a free quote Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai
Categories Business, Business License, Business Setup, dubai, uae

2023 Guide on Professional License in Dubai

Before starting a business in Dubai, you might need approvals, certain types of licenses, permits, and visas to make sure that your business operations are legal according to UAE law. The article given below guides you on how to get a professional license in dubai .

Different types of licenses in Dubai

Dubai gives people and businesses three different kinds of licenses, each of which is for a different kind of activity. Commercial license (issued for performing trade activities such as import-export, general trading, and other commercial activities) Industrial license (issued for manufacturing, assembly and processing) License for professionals (issued for individuals interested in offering professional services such as design, doctors, dentist, security services and other non-commercial activities) In addition to these three types, there are many other licenses for specific business purposes that depend on the business, operation, or services offered.

Professional license in Dubai, UAE – what is it?

In Dubai, a professional license is a type of business license that is needed to run a business in the country. The license is given out by the Department of Economic Development (DED). It lets a person or a business with only one owner do any kind of work that requires intellectual or creative skills. This license lets the holder do business in certain areas, such as consulting, beauty salons, printing and publishing, repair services, and carpentry and artisanship. A professional license lets foreign investors own 100% of a business ownership, giving them all the benefits of a sole proprietorship. To follow the law, the company must hire a local sponsor who is a citizen of the UAE. The agent has no other direct relationship with the company besides getting a set fee every year for the service they provide. They won't own any part of the business and won't have to pay any of its debts. The professional license is both a way to regulate business in Dubai and a way to protect them. If the business has more than one owner, it is set up as a civil company.

Professional license in Dubai – the activities allowed

The professional license in Dubai lets you do the following, but not just those things:
  • Artisanship including arts, painting, sculpting and similar skills
  • Business services like developing business processes and getting rid of paperwork
  • Carpentry
  • Cleaning services
  • Consulting services
  • Computer graphics
  • Design services
  • Web Service
  • Digital marketing,
  • Educational training services
  • Entertainment artists, including singers, musicians, and similar artists
  • Engineering design services including mechanical, chemical, civil, manufacturing, electrical, structural, and architectural
  • Electronics repair services for digital cameras, laptops, smartphones and watches
  • Electrical equipment repair and maintenance
  • Hairdressing, salon and spa
  • Independent auditing and accounting services
  • Information technology services
  • Legal advisory services
  • Medical services
  • Printing and publishing
  • Repair services of appliances, vehicles and other equipment (household or industrial)
Business Setup companies in Dubai can help you in getting Professional Licence in Dubai.

Steps to get a professional license in Dubai, UAE

Professional trade licenses are the easiest to get in Dubai. Here's what you need to do to get your driver's license:
  • Fill out the local service agreement form with the UAE national with the help of a local translator. Get the paperwork for the local service agreement signed and notarized.
  • If the agreement is in Arabic, you don't need a legal translator's seal.
  • Write the Memorandum of Association with the local sponsor.
  • Include the annual sponsorship price in the contract.
  • If you are getting a license for a civil company, you need to fill out another application form and have it attested.
  • The court agreement must be signed by all partners or owners in front of a notary public.
  • Get a municipal clearance for the rental agreement; submit all signed forms and one original copy; send copies of the owners' or partners' passports to any DED branch; Pay for the license and a payment voucher at the counter.

Documents needed to register a professional license in Dubai

You will need to show proof of your education and work experience when you apply to the Department of Economic Development (if any). The DED will look at your credentials before giving you a professional license. In addition to this, you must send in the following:
  • Forms filled out correctly
  • An attested copy of the owner's or partners' passports.
  • A copy of the Jinsiya, the local partner's naturalisation book.
  • A No Objection Certificate (NOC) if you or another shareholder works for a UAE company.
  • A copy of the foreign partners' visit, tourist, or transit visa.
  • Depending on the nature of the business activities, you may need additional permission from the right authorities.
If you have any questions, you should talk to one of the business setup managers at Black Swan. They can tell you exactly what you need to do and help you make sure your paperwork is free from any mistakes.

Cost of a professional license in Dubai, UAE

How much it costs to get a professional license depends on a number of things. They include licensing fees and administrative costs, the cost of registering a trademark, agent fees, cultural fees from the government, etc. So, in Dubai, a professional license can cost anywhere from AED 10,000 to AED 18,000. The cost differs for different activities. Get in touch with Black Swan to get an exact price quote. We can give you an up-to-date price tailored to your unique requirements.

Working with Black Swan

Hopefully, you now know what a professional license is and how to get one, as well as what paperwork you need. If you still have questions, you can talk to one of our business setup advisors, who will be happy to help. Black Swan is the most trusted and oldest business setup company in the UAE. We've helped 1000’s of people start businesses that have done well. Helping you set up your business in Dubai is just the beginning. We also offer a wide range of other services, such as preparing taxes, giving legal advice, and PRO Service. Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai, Commercial license in Dubai, Industrial license in Dubai, UAE Corporate PRO Service
Categories Business, Business License, company, dubai, uae

UAE Opens Golden Visa Residency to more Workers

After the new Abu Dhabi Visa categories go into effect, the Abu Dhabi Residence Office (ADRO) said that people will be able to apply soon. As seen on the Abu Dhabi Residents Office (ADRO) website, the UAE long-term visa will now be available on Abu Dhabi Residents Office (ADRO) website. Scientists, researchers, senior scholars, clerics, elite specialists in industry and the fourth industrial revolution, elite specialists in health fields, elite specialists in education, and skilled professionals can now get a Golden Visa. "Applications will be accepted soon after the new Abu Dhabi Visa categories go into effect," ADRO said, adding that each category has the following requirements:

For scientists and researchers:

  • Hold a Master's or PhD in Engineering, Technology, Life Sciences, or Natural Sciences, as defined by the Ministry of Education.
  • A PhD from one of the world's top 500 universities or a Master's degree from one of the world's top 250 universities. Or, a Master's or PhD from one of the top 100 universities in the field of study.
  • A grade of 1.0 on the Field Weighted Citation Index (FWCI).
  • A score of 10 or more on the H-index.
Or
  • A Scopus H-index grade > 20.
Or
  • Based on what the Ministry of Industry and Advanced Technology suggested, the UAE has made progress in setting up research and development sectors both inside and outside of the country.

For senior scholars and clerics:

  • A letter of recommendation from the Ministry of Culture and Youth or a local authority with the right skills.

For elite specialists in industry and fourth industrial revolution:

  • A letter of recommendation from the Ministry of Industry and Advanced Technology or a local authority that knows what it's doing.

For elite specialists in health fields:

  • A letter of recommendation from the Ministry of Health or Department of Health in Abu Dhabi.
  • A licence to work in the UAE that is still valid.

For elite specialists in education:

  • A letter of recommendation from the Ministry of Education or the Department of Education and Knowledge in Abu Dhabi.
  • A licence to work in the UAE that is still valid.

For skilled professionals:

  • Should have a job in the UAE.
  • Have one of the following jobs, according to MOHRE's scheme for classifying jobs:
    • Level 1 Classification – Managers & Business Executives.
    • Level 2 Classification – Professionals in the fields of Sciences, Engineering, Health, Education, Business and Management, Information Technology, Law, Sociology, and Culture.
  • At least a bachelor's degree or the equivalent is required.
  • At least 30,000 AED (or the equivalent) per month.
  • If asked, you must have a valid licence to practise in the UAE (such as Physician, Pharmacist, Teacher etc.).
The long-term visas will help members of the immediate family as well. The Golden Visa or Green Residence visa holder can sponsor their children until they are 25 years old, up from 18 years old before. There is no age limit for daughters who are not married. No matter how old they are, children with determination can get a residence permit. The UAE Golden Visa residency programme started in 2019. It allowed foreigners to live, work, and study in the UAE without a local sponsor and with full ownership of their business on the mainland of the UAE. Tags : Golden Visa eservices Dubai, UAE Business Golden Visa, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai
Categories Business License, Business Setup, company, company formation, uae

How to Get Permanent Residency in the UAE

The United Arab Emirates is one of the best places in the world to set up a business or move to. What's so great about living in the UAE? Its tax-free status, high quality of life, great opportunities for business growth on both the Mainland and in the dozens of Free Zones, and, of course, its stable economy and government are among its main benefits.

UAE Permanent Residency Visa

Before we talk about permanent residency in the UAE, we need to quickly go over the other ways to live there. In contrast to a tourist visa, a standard residence visas lets you stay in the country for two years and can be renewed as many times as you want. You can also get a visa for people in your immediate family and children under the age of 18. In order to keep your resident visa valid, you must visit the UAE at least once every six months. If you don't, your visa status could be taken away. You can get a standard resident visa in the UAE if any of these things happen:
  • Purchasing real estate: You can get a two-year UAE residence visa if you buy a home worth at least one million Dirhams in Dubai or any other Emirate.
  • Entering an employment contract: If you want to work for a UAE-based company or the Emirati government, you will need a work visa.Your employer must take care of all the paperwork needed to sponsor your visa. It will take you an average of two to three weeks to get your first work entry permit, which is good for two months. Then, you would change the entry permit into a residence visa that is good for either two or three years, depending on where it was issued.
  • Incorporating your own company in the UAE: As an investor or shareholder, this is the fastest and most convenient way to get a visa to live in the UAE. The process takes only a few weeks and doesn't cost much. As long as it meets the Economic Substance Regulations, the business structure can be just formal. Investors or shareholders can get visas that are good for three years.
  • Studying in the UAE: If you want to go to school in the Emirates, you can get a student visa.
  • As a family member of a UAE resident or national: You can also get a visa to live in the UAE this way.
All of these visas must be renewed after a certain amount of time or they could be taken away. But what if you didn't want to deal with having your visa tied to your employer or you wanted to stay in the Emirates for a long time?

How to get Permanent Residency in the UAE

In 2019, the UAE started a new system for long-term visas that allow people to live in the country without a local sponsor and have full foreign ownership in a company on the Mainland. This part about foreign ownership is important because most companies on the Mainland need an Emirati national to own at least 51% of an entity. There are rules about who can get these visas, and you can choose between five-year and ten-year long-term visas. If this sounds like something you've heard before, it's because these visas were first called "Golden Visa". So, what kinds of people can get these golden visas? Look at this more closely.

UAE Ten Year Permanent Residence Rules

If you want to live in the UAE for ten years, you must meet one of the following two sets of rules:

Investors

If you want to be an investor, you have to put in at least 10 million AED, which is about £2.5 million. You also have to make sure you have at least that much money, not invest the money as a loan, and keep it for at least three years.

People with Specialised Talents

The other choice is to qualify as a person with a special skill. They can be inventors with patents that help the Emirati economy, as long as they have the right stamp from the Ministry of Economy. They can also be creatives in culture and the arts, scientists and doctors from top research institutions, as long as they have praise from influential journals or official recognition from government ministries and experts. These people must have a job contract in the UAE in an industry that is high on the country's list of priorities.

UAE Five Year Permanent Residence Rules

Don't worry if you don't meet the requirements for a 10-year long-term visa. You have options for the next five years. Who can get the benefits of living in the UAE for five years? Here you go:

Property Investors

You can get a five-year visa if you put at least 5 million AED into a property in the UAE. For the visa, you must meet the following requirements:
  • You have to keep the property for a minimum of three years.
  • You can't take out a loan to pay for the property.

Entrepreneurs

If you have a project that has been approved by a business incubator in the UAE or an idea that is already in place and has at least 500,000 AED in capital. The long-term visa for business owners has the following:
  • Three executives
  • A partner
  • Spouse and children
Entrepreneurs can also apply for a six-month visa that lets them come and go multiple times and can be renewed for another six months.

Outstanding Students

You can be considered an outstanding student in high school or college if you meet these requirements:
  • If you are in high school at a public or private school and have a grade point average of at least 95%.
  • If you have a cumulative Grade Point Average of 3.75 (on a scale of 4.0) when you graduate from college, either in the UAE or somewhere else.
  • Families of students with outstanding records can also get visas.

Do you have more questions about the UAE permanent residence visa?

Our Citizenship, Residency and Relocation team at Europe Emirates Group is here to help if you want to get a UAE Gold Card long-term residence visa quickly and easily. We can help you get all the paperwork you need, find your dream home, and even have a bottle of champagne waiting for you in the fridge when you turn the key. Please don't be afraid to get in touch with us if you have more questions about getting residency status or other questions about starting a business. Tags : UAE Residence Visa, UAE Work Visa, UAE Family Visa, UAE Student Visa, Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Categories Business, Business License, Business Setup, dubai

How to Setup Fragrances & Perfumes Business in Dubai – UAE

Dubai wants everything to be fancy, from hotels and conference centres to food, clothes, and perfume. This is such a big business in the UAE that the market is thought to be worth almost $1 billion. The easiest way to get into this big and growing business is to open a perfume shop in one of Dubai's famous malls or shopping districts. Black Swan is there to help. In this article, we'll talk about:
  • A general look at the perfume business in Dubai, UAE
  • How to open a perfume shop in Dubai, UAE
  • Cost of opening a perfume shop in Dubai
  • Documents needed to open a perfume shop in Dubai
  • How to grow a perfume business in Dubai What Black Swan can do for you

Perfume / Fragrances industry in Dubai, UAE

Last year, the fragrance market in the UAE was worth just over $910 million. Between now and 2030, it is expected to grow by 6.6%. A lot of this market value comes from online and in-person retail sales. Men and women in Dubai are proud of how they look and are willing to pay more for the right scent. Once thought of as a luxury, high-quality perfumes and personal care products are now seen by many as a daily must-have. This is a big chance for businesses that sell fragrances in this area. If you can bring a new product to market or compete on price and service, you are likely to find a large market that is open to you.

Steps to open a perfume / Fragrances shop in Dubai, UAE

Before you start the process of applying for a perfume shop licence in Dubai, you should always talk to an expert. After a short meeting, the Black Swan team will walk you through the whole process and talk to all the right people on your behalf. We'll do the following four-step process together. Step 1: Registering the name of your business Choosing a company name is the most important first step when starting a business in Dubai. When you do this, you'll need to make sure you follow a few common rules. But don't worry, most of them are pretty obvious. Basically, you should try to stay away from words that could be offensive or blasphemous. You should also make sure that the name you choose is not the same as that of another business or organisation. Lastly, your business name must be unique and able to be registered. Because of this, it's always a good idea to offer more than one choice, just in case your first choice is already taken. Once you've decided, we'll submit and register your trade name on your behalf. Step 2: Get a licence to run a business The next step is to get a licence for your perfume shop. This process will be a little different if you want to set up your business on the mainland or in a UAE free zone. The people who work at Black Swan can help you figure out which option is best for your business. If you choose the mainland, you send your application to the Department of Economic Development in Dubai. If you want to do business from a free zone, you will need to apply directly to the authority in charge of that zone. No matter which option you choose, your Black Swan contact will handle the process on your behalf to make sure your application goes quickly and smoothly. Step 3: Finish the visa paperwork To work and live in the UAE, you need a trade licence and a residency visa. This process is a little more complicated than applying for a business license, but Black Swan is there to make things easy. You will need to fill out an application and go through a medical and fitness test. There will be a blood test and an X-ray of the chest. Once you have your UAE trade license, you can help other people get theirs by sponsoring their applications. This could be your spouse, children who depend on you, or even a maid or driver who helps you around the house. Step 4: Open a bank account Open a corporate bank account. This is the last thing you need to do before you can trade in the UAE. This process isn't always quick and easy for people who aren't from the GCC, but the staff at Black Swan can help make it easier. After we talk about your specific banking needs, we can suggest the financial institution that will best meet them.

Cost of opening a perfume shop in Dubai

In Dubai, getting a licence to open a perfume shop costs at least AED 13,500. But there are also a number of other costs to think about. You will also need to think about visas and any other permits you might need to trade. There are also costs for staff and the office to think about. Get in touch with the team at Black Swan to get a full and personalized breakup of how much it will cost to open a perfume shop or a perfume wholesale import/export business in Dubai.

Documents required to open a perfume shop in Dubai

When you fill out your application form for a perfume shop licence in Dubai, you will also need to send in the following documents.
  • Company registration certificate
  • Lab test results for all perfumes you want to sell
  • Analysis report for all perfumes you want to sell
  • Certificate of free sales

How Black Swan can help

Black Swan Business Setup is one of the biggest and most trusted companies in the area that helps people start businesses. And if you work with us to start your business, you can use our international experience and knowledge. Our team of people with many skills has helped tens of thousands of business owners make their dreams come true. We are your one-stop shop for everything you need to set up a business in Dubai. We can help you with everything from licenses, permits, and visas to a wide range of other business services to help your business grow quickly before it even starts. We also want to help you keep costs low, so we offer flexible payment plans and custom packages. Need more information? Contact us today to take the first step toward starting your perfume business in Dubai. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Real Estate Business / Company Registration Process, Start / Setup / Open a Licensed Play School, UAE Short and Long-Term Residency
Categories Business, Business License, DMCC, dubai, Free Zone

Get your Dubai Free Zone Visa with DMCC

You have started a new business in one of the free zones in the UAE. You've set up the processes and are looking for a new team to help your business grow. Getting a Dubai Free Zone visa is pretty easy, whether you want to hire someone from the UAE (someone who works at Dubai's onshore location) or from another country.

But with so much information available today, it can be hard to understand the visa process, including who is eligible, what the rules are, and how much it will cost.

Most free zone authorities put a cap on how many visas each business can get. If a company wants to get more visas, it can either move to a bigger office or ask the free zone authority for permission to get more visas.

This blog gives you a lot of information about the procedures, types of visas, and eligibility requirements for each type of visa. This will help you make an informed decision about which visa to get.

Four Types of Dubai Residence Visas at DMCC

When you use DMCC to apply for a visa, the process is easy and clear.
Dubai Multi Commodities Centre (DMCC) sets a limit on the number of visas you can get based on the size of the office you choose. For instance:

  • Flexi desk: Up to 3 visas
  • Serviced office: 4 or 5 visas depending on the size of the office
  • Physical space: 1 visa for every 9 square metres

The UAE Ministry of Labour has nothing to do with free zone visas. Each free zone authority has its own employment law, and the terms of the job contract are in line with labour law. People with free zone visas are not allowed to work outside of the free zone, or "onshore," because they do not have a full UAE work contract.

Every company with a DMCC licence can apply for four types of visas: an Employment visa, a Dependents' Resident visa, a Partner/Investor visa (which includes a Business Visit visa), and a Student visit visa.

Each of the four visas comes with different scenarios, such as how to apply for a new visa, how to renew an old one, or how to transfer access for employees who already live in the UAE. Visit this page to find out more about how each category is broken down.

Employment Visa

A company with a DMCC licence must make sure that its employees are allowed to work in the free zone by making sure they have an employment residence visa, an ID card, or an access approval.

Identity cards and access permissions are another way for a business owner to give permission to an employee who is not directly sponsored by the company.

Employment Residence Visa

The most common way to get a visa is to get a job with a business in a free zone and sign a contract to live there. A free zone employee's visa is paid for by a free zone authority (in this case, DMCC), not by the employer.

To start their application, an employee in a free zone needs a letter of appointment from their company. This type of visa is good for one, two, or three years, and the process for applying is different for employees who live outside of the UAE and for those who live in the UAE.

Identity Cards

If you want to hire a woman who is sponsored by her husband or father, you will need to get an ID card for this woman employee. The ID card can be used for a year. Each electronically issued ID card is a new count against the number of visas your company is allowed.

Access Approvals

If you want to bring someone in to do temporary work at your office who is not an employee, you will need to get permission to let them in. This is usually for consultants, contract workers, and workers from sister or parent companies who need to work temporarily in DMCC. A valid Access Approval can be used for 1, 3, or 12 months. Access Approvals are only given to up to 30% of the workers who are doing the work.

Dependents’ Resident Visa

Through DMCC, a company with a DMCC licence can apply for UAE residence permits for sponsored employees and their dependents, such as their wife, children, parents, parents-in-law, and housemaids. But this application will have to follow the rules and laws of Dubai's Federal Authority For Identity and Citizenship (FAIC).

A dependents' entry permit is valid for 60 days. If the family member does not pass the medical test, they cannot stay in the UAE.

Partner / Investor Visa

This kind of visa is perfect for foreigners who want to start their own business in Dubai or put money into companies that are already there.

An investor visa is good for three years, and the immigration office does not need a deposit.

Business Visit Visa

A company with a DMCC licence can also pay for a foreign team member to do business in UAE. DMCC can help this worker get a business visitor visa. This kind of visa can be used for a month.

Student Visa (University and Institution)

A student at a university or school licenced by the DMCC can apply for a student visa. A visa for a college student is good for one year, and a visa for an institution is good for 90 days.

Key Criteria for DMCC Visa

All visa applications are taken care of by DMCC's online portals. Each application has its own set of documents that must be sent along with it. The process for getting a visa also changes based on whether the applicant is inside or outside the UAE.

If the employee application is outside of the UAE, it must include the Emirates ID, a copy of the most recent passport, a photo the size of a passport, a signed offer letter, relevant education certificates, a signed employment contract, and a medical fitness certificate. The Emirates ID and medical fitness certificate can be issued by DMCC, but you don't have to use this service.

If the employee application is in the UAE, they will also need an Emirates ID, a document showing that their status has changed, and a copy of their current visa.

Some of the most important things to think about when applying for any kind of visa are:

Employment Visa

  • When applying for an employment entry permit, your passport must be valid for at least six months.
  • The UAE Embassy in the home country and the Ministry of Foreign Affairs (MOFA) in Dubai must both attest the relevant education certificates.
  • If the applicant lives in the UAE area, all certificates need to be legally translated into Arabic.
  • You can apply for your potential employee's health insurance through one of the 45 local health insurance plans in the UAE that have been approved by the Dubai Health Authority (DHA).

Dependents’ Resident Visa

  • Employees who make at least AED 4,000 per month and live in at least a one-bedroom apartment can pay for their wife and children to stay in the country.
  • Employees who make at least AED 20,000 per year and have a place to live can sponsor their parents and parents-in-law.
  • Dependants must have valid health insurance.
  • If the employee's title is "clerk," "sales," "executive," "administrative officer," "assistant," etc., then that person has to give a three-month bank statement.
  • To be eligible for sponsorship, the sponsor can't work as a worker or in a job similar to that of a housemaid.
  • You can still apply for a dependents' resident visa with DMCC if you are only a shareholder of a DMCC licenced company and hold a Dubai residence visa but not an employee residence visa issued by a free zone authority (in this case, DMCC).

Partner / Investor Visa

  • If your DMCC-licensed company has more than one shareholder who owns at least 50,000 shares, you can get a partner visa for them.
  • You can get an investor visa if you are the only owner of your DMCC-licensed company.

Business Visit Visa

  • Each company can ask for up to three of these visas at once.
  • This kind of visa can't be renewed and can't be paid back.
  • If the application is turned down, the costs are not refundable.

Student Visa (University and Institution)

  • Minimum of six months left on the passport and a letter of application from the university or institute

Hassle-Free Visa Services with DMCC

The DMCC Member Portal makes it easy for you to do a lot of things for your business, like get licenses, make changes to your business, and get NOCs. The portal makes it easy to handle all of your business tasks in one place, giving you more time to focus on what's most important for your business.

Tags : DMCC Company Registration, UAE Residence Visa, UAE Student Visa, Dubai Investor Visa, Dubai Freezone Company Formation, UAE Work Visa, UAE Business Golden Visa, Dubai Digital Nomad Visa, Maid Visa in Dubai

Categories Business, Business License, company formation, Oman

How Open a Company in Oman Mainland

In Oman, setting up a business is similar to how it is done in other GCC countries. If a business wants to register a company in Oman, Oman gives them a place to do it. To start a business in Oman, you need to take the following steps: The person who wants to start a business in Oman comes up with a trading name. First, he or she needs to come up with a unique name for the business and send an application to the Ministry of Commerce and Industry for approval (MCI). After approval, you need to make a first deposit. Lets deeply discuss on how to setup company in Oman Mainland

How to form a Mainland Company in Oman

Before you move forward with Mainland Company Formation in Oman, you should know the basics about this legal entity. This article will give you a brief explanation of what a Mainland Company is, what kinds of licences can be given to a business, and what benefits you can expect from forming a Mainland company in Oman. After that, you can start the process of forming a company by working with a business expert. https://www.youtube.com/watch?v=Dwb1pn2nThg

What is a Mainland Company?

What is an Oman Mainland Company? To put it another way, an onshore company has all the power it needs to do business. Oman is one of the best places to do business in the world. Both companies in a free zone and companies on the mainland can find opportunities there. To start a business in Oman, you will need to get different licences that give you permission to do different things in business. Being a foreigner is not as hard as you might think if you have a business in Oman. This is one of the benefits of having a business there. There are areas just for foreign investors, so you can be sure to get the help you need. And if you already have a business in Oman, you can grow it there. Then, you can start your business in a Free Zone in Oman, as long as you check the records of your previous businesses before giving them to the government. In Oman, there are two different kinds of joint-stock companies. Society Anonyme Omanaise (SAOG) is one type of joint-stock company, and the other is a private joint-stock company. An SAOG can be a private or public joint-stock company, which makes it perfect for people who don't want to raise money from the public. Both types of businesses need the same amount of money to start up.

Types Of Business Entities In Oman

There are three types of business entities in Oman: general partnerships, limited liability companies, and sole proprietorships. Public alliances are made up of two or more entities, while one or two people make up a limited liability company. Many joint-stock companies are owned by the government of Oman. The most common type of business in Oman is a limited liability company. Every type of business entity has a lot of good points. Here are some things to think about when choosing the best one for you. Limited liability company: An LLC is a legal entity in which shareholders are only responsible for the number of shares they own. To set up an LLC in Oman, you need at least two shareholders. One must be from Oman, one from the GCC, and the other must be from the US. The minimum amount of share capital is 150,000 OMR. Oman's legal requirements also require you to have one director. The capital laws in Oman are pretty good for foreign investors. Commercial agency: As the name suggests, this type of business is a contract with an Omani agent to do business in Oman. Its goal is to sell products or services in Oman or to set up a business there. As part of the Royal Decree 55/90, the Commercial Code sets rules for commercial agents. In Oman, a commercial agent must have a representative who lives there.

Types Of Licenses Issued In Oman

When setting up a mainland business in Oman, you need to get a lot of different licences. Branch offices are extensions of foreign parent companies and can do business that makes money. Representative offices, on the other hand, can only do marketing. The limited liability company is the most common type of company that people in Oman form on the mainland. You must get a trade licence from the Ministry of Commerce and Investment in order to start a business in Oman. Based on the civil law tradition, large parts of Oman's law can be interpreted in many different ways. The CL's General Provisions section starts with the history of a company and goes on to talk about its foundation and the different types of companies that are legal. It then talks about the different types of capital and corporate classes. Finally, it talks about how corporate law affects crimes.

Benefits of Mainland Company Formation in Oman

Companies that are based on the mainland, also called "onshore" companies, can do business outside of their home area. The Sultanate of Oman has many options for starting a business on the mainland, such as free zones. Commitbiz is a service provider and mentor with a lot of experience who helps business owners get started and understand how the law works. If you want to start a business in Oman, you can get more information from Commitbiz. It helps people start their own businesses by giving them one-on-one mentoring and advice. Choosing the Omani Mainland has a lot of good points. One of these is how easy it is to use. After you register your business with the MOCI, you must send in the Rest paperwork. After you get your registration, the process can take anywhere from four to six weeks to finish. Because of this, Oman Legal Services helps investors with their paperwork and other formalities. Foreign investors don't have to worry about company paperwork and formalities. Instead, they can focus on their business. Another good thing about Mainland Company Formation in Oman is that it has many advantages. Besides being a free zone, it also has a number of tax benefits. For example, a local company will be able to apply for Oman tax residency, which will let it bid on lucrative government tenders. You can also benefit from the fact that the government spends so much money in Oman.

Tax Exemptions in Oman

In many areas, foreign investors in Oman's Mainland don't have to pay taxes. You can also benefit from free trade zones and special land grants from the government. This country has shown that it can do business on a global scale, and its economy is one of the top twenty in the world. The Ministry of Commerce and Industry in Oman is always looking for new ways to help new businesses get started in the country. Here are some of the best tax benefits for forming a Mainland company in Oman. Salalah Free Zone : Al Mazunah Free Zone is a free zone in the southern part of the Sultanate of Oman. This area has the lowest prices for infrastructure, people, and utilities. You'll also get duty-free goods and tax breaks for 30 years. The country has good relationships with other nations and has spent USD 26 billion on building new infrastructure. Joint Stock Companies in Oman : A Joint Stock Company (JSC) is a business that doesn't have to have a minimum amount of paid-up share capital. In Oman, you can also start a Single Person Company (SPC) without any paid-up share capital. Public JSC and Private JSC are the two most important JSCs in Oman. To start a business in Oman, you need to pick the right type of SAOC.

Documents Required for Company Formation in Oman

To start a business in Oman, you need to get the following papers ready. The fee for forming a company and the documents of the shareholders must be notarized. You'll also need to open a capital account to put the fees for forming a business into. You must also sign up with the Oman Chamber of Commerce and Industry if you want to follow business rules. In Oman, it takes about three weeks to sign up for something. Depending on the type of business you have, you may want to set up a limited liability company. A limited liability company (LLC) is a legal entity that can only do business in Oman. Oman needs a minimum of OMR 150,000 in capital, and a portion of this amount must be shown as proof of funds. An LLC can also be made by a single shareholder or an LLC. In Oman, you have to get a business licence. A company that is based on the Mainland is also called an onshore company. This kind of business can do business in places other than where it was founded. Free zones in Oman are a good choice for people who want to start their own businesses, but they should double-check their paperwork before giving it to the government. It would help if you always talked to a lawyer about your documents before sending them in. You can also get help from a local company that helps people start businesses. Send in all the necessary paperwork to start the process of incorporating. Here are the most important papers you will need to send in:
  • Memorandum of Association and Articles of Association
  • Passports and Visas for Shareholders
  • Certificate of Tax Registration
  • Identification Card for Shareholders
  • Certificate of initial deposit
  • Filled Company Registration Form
  • Certificate of Industry Affiliation and Chamber of Commerce

Mainland Company Registration Process in Oman

The process of registering a Mainland Company in Oman can be hard, but it is not impossible. Oman's growth is driven by international emigrants, the country's protected climate, and its free trade zones. The country has a moderate population. The Omani government is doing everything it can to help new businesses start up and help existing businesses grow. Companies in Oman can also take advantage of the country's safe climate, freehold properties, and high level of property rights security. In Oman, it's easy to start a business. You don't have to be physically in the country to start a business. You can even do it all online. Once you're registered with MOCI, you'll need to send in more paperwork, which can take between four and six weeks. You should use Oman Legal Services if you are not from Oman and want to focus on growing your business instead of taking care of paperwork. They will take care of all the paperwork and formalities so you can focus on running your business. After you get your business licence, you will need to get other permits. It takes a while for the Ministry of Commerce and Investment to answer. It is important to check the documents you use to register your business for mistakes and wrong information. Once your records are in order, you can give your LLC a name. Choose a name that shows what you want to do with your business. Make sure the name means something in the law. When setting up a business in Oman, there are a few important rules to follow.

1. Decide on the Trade Name

The names of businesses must be unique and related to what they do. Please choose a name and send it to the Ministry of Commerce and Industry.

2. Present documents of incorporation

Send in all the necessary paperwork to start the process of incorporating. Here are the most important papers you will need to send in:
  • Memorandum of Association and Articles of Association
  • Passports and Visas for Shareholders
  • Certificate of Tax Registration
  • Identification Card for Shareholders
  • Certificate of initial deposit
  • Filled Company Registration Form
  • Certificate of Industry Affiliation and Chamber of Commerce

3. Funds Account Opening

After the papers are turned in, Open a capital account to put the money for the first year of business in.
Register with the Chamber of Commerce
Sign up with the Oman Chamber of Commerce and Industry to follow the rules and regulations for business in Oman.
Register the Business
Below documents are to be submitted
  • Legalized Opening Forms
  • Approval of Municipalities
  • Certificate for Share Capital

Why Blackswan ?

Blackswan Business Setup can help you in company incorporation process in oman and you can Open a Company in Dubai Mainland at an affordable cost. Tags: Business Setup Service Oman, Oman Mainland Company Formation, Company Formation in Oman, Company Registration in Oman, Oman Company Incorporation, Opening Branch Office in Oman, Oman Freezone Company Formation, Oman Free Zone Licence & Business Setup Cost, Sole proprietorship, Joint Stock Company, Representative Office, Salalah Free Zone, Al Mazunah Free Zone, company incorporation process in oman
Categories Business, Business License, dubai, License, uae

Process to Start a Cryptocurrency Business in Dubai, UAE

Many new entrepreneurs, foreign investors, and new businessmen are looking for different ways to make more money. The cryptocurrency business is a new, modern way to do this that is better than the others. People all over the world are paying attention to it because it keeps growing at a very fast rate. In the near future, the modern digital currency, or money, will probably become more well-known and useful for business transactions. Setting up a crypto business in Dubai, UAE, is therefore a good idea. With several free zones that let businesses manage crypto assets, trade bitcoin and other cryptocurrencies, and do other related things, the Emirates have become more mainstream. With a cryptocurrency business licence, companies and organisations can manage and trade their digital money. In the United Arab Emirates, you can get this licence from:

What is Cryptocurrency?

The popularity of digital currencies is growing rapidly in the United Arab Emirates, creating a wealth of new and interesting business prospects in the fields of cryptocurrency exchanges, holding, and trading. One of the most popular discussions among aspiring business owners and investors is how to launch a bitcoin enterprise in Dubai, United Arab Emirates. Digital currencies, sometimes known as cryptocurrencies, are cryptographic tokens based on the widely publicised blockchain technology. When it comes to the value of cryptocurrencies, there is no one entity in charge of doing so. Instead, cryptocurrency is disseminated electronically among its users. Dogecoin, Bitcoin, and Ethereum are just a few examples of well-known cryptocurrencies that can be purchased and used right now. Cryptocurrencies are available for buying or mining on many decentralised exchanges. Despite cryptocurrency's outward appearance as an asset class, investing in it involves significant dangers. To fully grasp how the Bitcoin system works, you need have done adequate research. One would reasonably wonder, given the inherent dangers, how they have become such a popular trading method. The exponential growth of cryptocurrency prices is largely responsible for their widespread adoption. To a lesser extent, holders and traders of cryptocurrencies also utilise them for international money transfers.

Requirements for Getting Cryptocurrency License in Dubai, UAE

The UAE government has instituted a few prerequisites for applying for a cryptocurrency licence in the Emirates, and these prerequisites are in place for regulatory purposes. The following are the necessities for getting a cryptocurrency licence in the UAE:
  • Obtain a commercial licence application from the DED
  • Then, submit passport copies for any business associates.
  • Your cryptocurrency wallet's transaction history should be spotless, with no indication of any fraudulent activity.
  • After that, have a plan in place to show how much money the business has and how much it costs to run for the next six months.
  • To legally hold any cryptocurrency in the United Arab Emirates, you must register your holdings with a "UAE financial free zone" department approved by the country's government.
  • Submitting your complete business plan to the appropriate government agency is the final step.

How to Set Up a Crypto Business in Dubai

Follow the steps below and you'll be well on your way to launching a successful crypto business in Dubai, where there are many crypto aficionados and modern investors.
  1. Choose a name for your business.
  2. Choose the economic zone you want.
  3. Register for a cryptocurrency licence by filling out an application.
  4. Follow all the rules and regulations

Choosing a Company Name

The first step is to choose a name for your business that doesn't include any well-known brands or swear words. The name of your business needs to be simple and easy to remember. Also, if you want someone's name to be your business's trademark, it should be that person's real name. There can't be any nicknames.

Selecting a Preferred Jurisdiction

Next, you have to decide whether your crypto business will run in a UAE free zone or on the mainland. Both jurisdictions have their own advantages and disadvantages. One of the best things about free zones is that you can use any currency you want. You can also use the gain and income repatriation to your advantage. On the other hand, if you set up your business on the mainland, you can easily travel to all of the Emirates' states.

Register for a Cryptocurrency License

After thinking about the above, you should be ready to sign up for a cryptocurrency licence in Dubai, UAE. You can also send this application straight to the appropriate government department. But it can be hard for an expatriate to take care of everything on their own. Because of this, the crypto business experts at the Riz and Mona Business Consultancy are a good choice to work with.

Follow All the Compliance Regulations

In Dubai, both traditional financial trades and Bitcoin trades are supervised in the exact same way. Because of this, you should have the right licence and follow all the rules against money laundering. If you aren't careful at this step, it could hurt your business.

Steps for Getting a cryptocurrency license in Dubai

  • You can download and fill out an application form for a cryptocurrency licence from the government agency in Dubai where you want to set up your business.
  • Put the name and name of each shareholder in your company on the form and send it in.
  • Give all of the required documents to the government agency where you are setting up your business.
  • Pay the application fees to the government agency that is in charge of giving you a licence to deal in cryptocurrency.
  • If the application form and the company's official legal documents are all in order, the authorities will give you a cryptocurrency business licence within a week.

Incorporate Crypto trading company in Dubai

Where to Get the Cryptocurrency License in Dubai

You should get a cryptocurrency licence in the UAE before starting a cryptocurrency business in Dubai. At the moment, three of the free zones across the country are giving out licences for cryptocurrency.
  • Abu Dhabi Global Market (ADGM)
  • Dubai Airport Free Zone (DAFZA)
  • Dubai Multi-Commodities Center (DMCC)
Blackswan Business Setup can help you in getting Cryptocurrency License in UAE, Just fill up the form below for a free consultation to know about Cryptocurrency License in Dubai.

Cryptocurrency License in Dubai Multi-Commodities Centre (DMCC)

The DMCC is very open to the idea of adding and introducing cryptocurrency. They give licences to new business owners and entrepreneurs in Dubai who want to use cryptocurrency. People from all over the world come to DMCC in the Emirates to get a licence to trade in cryptocurrency. With a DMCC cryptocurrency licence in Dubai, you can do business activities like providing services related to cryptocurrencies, trading, storing cryptocurrencies, managing them, making apps and software related to cryptocurrencies, and much more. With a cryptocurrency licence in the city, you can also offer consulting and other services. DMCC has opened a new centre for cryptocurrency and wants it to be the hub for all blockchain-related activities in Dubai. Dubai is already known as the most technologically advanced city in the world, and the addition of new technologies like blockchain and crypto-only made its position even stronger. The DMCC cryptocurrency licence is a very

Cryptocurrency License in Dubai Airport Free Zone Authority (DAFZA)

Dubai Airport Free Zone Authority is what DAFZA stands for. This is another free DMCC in Dubai that accepted cryptocurrencies without any trouble. They made a deal with the ESCA (The UAE Securities and Commodities Authority) that helped them help new businesspeople and entrepreneurs who wanted to do great things with crypto for their businesses. By giving cryptocurrency licences to businesses in Dubai, they made it possible for them to do business. By getting a cryptocurrency licence from the DAFZA, companies can use crypto assets for different business activities. Also, they can help foreign investors from all over the world who come to Dubai to do business. The DAFZA has a strong regulatory framework that makes it easy for companies to do business within its borders. They are moving forward with their plan to make digital currencies like Dogecoin, Bitcoin, Ethereum, etc. grow and be used more.

Cryptocurrency Licence from Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market lets crypto assets that are regulated by the Financial Services Regulatory Authority (FSRA) work (ADGM). FSRA is the regulatory body that handles all cryptocurrency-related assets in the Emirates. At the moment, it is the only legal government body in the UAE with a large framework for regulating crypto licences. ADGM and FRSA have put out a guide for how cryptocurrency licences can be used in the country, which will help both small and large businesses in the Emirates. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Get Cryptocurrency License in Dubai, Get Cryptocurrency Trading License in Dubai
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