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Category Archives: Business Setup

LLC Companty Formation Process in Dubai-UAE

LLC Company Formation Process in Dubai-UAE

Dubai LLC: LLC (Limited Liability Company) in majority of the countries across the globe are termed to be a type of company which embodies company and partnership features. However, its members’ liability is stated to be net worth of the company. Also, if there is a default, their personal assets are not subjected to liquidation. The other benefit to enjoy is that depending upon the country, the tax authorities consider LLC as partnerships at the time of calculating different types of taxes and imposing them. LLC owners are referred to as members that are synonymous to shareholders. UAE business setup: Filling up the details present on the right in the form can help you to avail free quote and to discover some easy ways to set up a branch office based in Dubai.

Who can be members in Limited Liability Company?

For an LLC, the general shareholding pattern is:
  • Another legal entity or association
  • Natural person
  • Partnership
  • Corporation
Limited Liability Companies in majority of the countries need to be created. Being different from sole proprietorships and corporations, they are managed by 2 or more people. The members are free to take charge of the company’s affairs by themselves and run it or appoint experienced and well qualified managers to care of the Limited Liability Company’s management. The internet combined with other vital resources that are available to you has actually made incorporation of your own LLC to be much easier, effortless and hassle-free. The internet is rather the best place to come across articles related to articles of incorporation. It can be stated to be a legal document to establish the very purpose and structure of the corporation. Moreover, it is also a basic document, similar to the company’s constitution. Scope of activities and objectives of the business which is to be undertaken along with the path that needs to be adopted for achieving the set goals are taken care of by the Articles of Incorporation. It is established very clearly prior to submission to concerned regulatory authority in the domain where the business is planned to be incorporated. These are equally crucial for registering the business. There takes birth a new company having separate legal entity and by law, it is regarded to be an individual in itself. It is only when there is registration of articles of incorporation by relevant regulatory authority that the company’s birth takes place. There also needs to be issued ‘Certification of Incorporation’. Generally, articles of incorporation comprises of information pertaining to the incorporator’s (the person organizing the corporation) name, names of board of directors, number of shares authorized to the corporation for issuance purpose and registered office address. The corporation, in few cases, might require to specify the registered agent’s name. The LLC (Limited Liability Company) can be stated to be distinctive business entity which combines limited liability protection corporate benefits with that of taxation method ‘pass-through’ taxation, afforded to both S corporations and general partnerships. Dubai LLCs, just like corporations are said to be established only after filing is done with the correct state body, here, Secretary of State, by paying essential state filing fees. The formation documents of Dubai LLC are typically known as certificate of organization or articles of organization. In the USA, in taxation terms, income of the LLC does not get taxed at entity level like it is done for C corporation. Although tax return is completed by the LLC, there is displayed loss or income on the return and gets it passed through Dubai LLC, which in turn gets reported on individual tax returns of the owners. Taxes are then paid by the owners of Dubai LLC on profits made by the LLC at individual tax level. For getting taxed as C corporation, the LLCs are provide the opportunity to be elected with the IRS (Internal Revenue Service). however, it is not found to be a common practice. The other benefits offered by Dubai LLCs are: Personal responsibility not held by the members for the company’s liabilities and debts.
  • No restrictions are typically present on the member numbers to be allowed
  • Excess annual paperwork or formalities are not required by LLCs like that of C & S corporations
  • With the formation of Dubai LLC, it becomes easier to establish better credibility for the new business having potential partners, vendors, employees and customers
  • When structuring company management, LLCs do enjoy greater flexibility

Benefits of Dubai LLCs

  • Ongoing requirements are faced by LLCs, like state annual-report filings when compared to general partnerships and sole proprietorships
  • Since Dubai LLC is actually a new business structure, not much case law exists to rely upon to determine precedence
  • When compared to formation of general partnerships and sole proprietorships, LLCs can be termed to be more expensive
  • Unlike that of a corporation, making transfer of ownership is tough
With regards to Dubai LLC ownership, its owners are referred to as members and are found analogous to that of partners in the partnership setting and shareholders in the corporation setting, which again depends upon structuring of the LLC. If LLC uses managers or manager due to members not participating directly in LLC management, then members are likely to resemble more closely the shareholders. If managers are not utilized by the Dubai LLC, then they are likely to resemble more closely to that of partners, since they can have a greater and direct say in the company’s decision making policies. It is during the period of forming the LLC that it should be specified very clearly if it is to be managed by managers or members. The LLC member’s ownership is rather represented by ‘membership interest’ similar to that of shareholder’s stock shares in the corporation or partner’s interest in partnership. While evaluating if Dubai LLC is appropriate business structure for the specific type of business or not, it will be essential to first determine your business goals and objectives. Then evaluate the potential benefits and disadvantages of different business structures keeping in mind the goals set. Also, you might be interested to consult a good accountant or an attorney. How to know when or if you are to incorporate your business? when business entities are taken into consideration – know how right choices are made, what benefits can be derived and what is involved? Get to know the answers quickly, in easy to understand language using this multi-media program which is specifically designed for entrepreneurs. Is your search for lawyer quality documents on article of incorporation? Are you interested to get more knowledge on how to determine if you need to incorporate? You can now incorporate any business within the US taking assistance and avail online incorporation services from the trusted leader! It is now easy to form a corporation (S corporation, C corporation), establish LLC (limited liability company), avail registered agent, etc.

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Ways to Start a Business in Dubai Airport Free zone

Ways to Start a Business in Dubai Airport Free zone

The Dubai Airport Free zone is known as DAFZA is the economical-driven Free Trade Zone in Dubai. The UAE government has keen initiative on diversifying DAFZA’s economy. The agenda promotes Dubai as a choice of destination among the foreign investors. The Dubai Airport Free Zone has an investment-driven global support. It has been empowered by various businesses across the globe. The Free Trade Zone in Dubai sees various business setups from places like Singapore, China and other parts of Asia. You will be interested on Dubai Airport Free Zone The zone attracts leading multinational and international companies across the globe every year. People don’t feel sure to start a business in this region. We have to understand how to start a company in the Dubai Airport Freezone.

Infrastructure and strategic location

The Dubai Airport free zone’s strategic location has the world-class facilities and comprehensive services. There are exclusive to the Free Trade Zone. The Dubai Airport free zone is located within the Dubai International Airport boundaries. The Free Zone hosts thousands of companies. The region has sectors like pharmaceutical industries, aviation industry, logistics and freight companies, Mobile phone factories, IT and more. Airport Free Zone in Dubai has a state-of-the-art infrastructure with rapid cargo clearance, 24/7 customs services, 24/7 security, a dedicated logistics centre, inexpensive workforce, warehouse facilities, easy recruitment procedures, and so on.

Leverage the Tax

DAFZA gives its investors several incentives on taxation. The tax leverages on percentage of tax exemption, corporate tax, and other incentives. The Dubai Airport Free Zone gives leverages on export and import tax. There is 100% foreign ownership, 0% income tax, 100% exile on capital and profits with zero currency restrictions.

Awards and Certification

The Dubai Airport Freezone receives various accreditations for the quality of the structural setups offered by DAFZA. DAFZA has several OHSAS and ISO certification. Some are ISO 28001 (Security Management System), ISO 50001 (Energy Management System), ISO 10002 (Customer Complaints), ISO 20000 (IT Service Management), ISO 9001:2008 (Quality Management System), OHSAS 18001:2007 (Occupational Health and Safety), ISO 27001:2005 (Information Security) and ISO 14001:2004 (Environmental Management System)

The Single Window System

DAFZA gives single-window convenience for administrative services to increase the efficiency of international traders. The single-window businessman has the liberty to regulate documentation procedure with a single entity. The single window system is easy to deal with governmental authorities. Getting any kind of clearance and permits is easy. These facilitates as well saves time and money of the trader.

Making Strong connections with Government

The government makes steadfast motivation on ambitious projects. Aim is to create DAFZA as the premier provider of business services to the international customers. The UAE government make the process of running a new business with easiness. Recently, the government provides swift amenities like visa processing, registration, licensing, office space requirements, administrative and other operational services.

Ways to start a business in Dubai Airport Freezone

You need to book a free consultation with Shuraa’s company formation consultants for starting a business in Dubai Airport Freezone. The company formation consultant analyze all the required documentation. Company formation consultant follows the steps that depend on the company type and business activity. The start of the company differs for each business activity. It is best to get solutions from a professional. You can start a business in Dubai Airport Freezone with the help of Shuraa business set up in no time. The company formation consultants give cost-effective solutions to set up the business in Dubai Airport Freezone. They give easy steps to start a business in Dubai Airport Free Zone. The company formation consultants don’t stick to the preconceived notions, but provides every step towards starting your business in Dubai Airport Free Zone with in-depth research and complete understanding of regulations.

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Benefits-of-Setting-up-a-Business-in-Dubai-Free-Zone

Benefits of Setting up a Business in Dubai Free Zone

To boost international business, Free Zones (also known as free trade zones) has been designed by providing 100% ownership to expatriates and single-window administration convenience.

Major free zones operating in Dubai

Benefits of Incorporating a Business in Dubai Free Zones

The most fertile ground for setting up businesses is offered by free zones which are equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities. The benefits of setting up your business in Dubai Free Zone are:

100% Full Foreign Ownership

Complete foreign ownership is possible if one is forming a free zone company in UAE which means for company formation the foreign investor need not find a UAE national sponsor. It is irrespective of the nationality of the investor.

No Currency Restrictions

There are restrictions in transaction of foreign currencies imposed by the government and known as Currency regulations. UAE free zones have no regulations which make financial transactions easier.

Import/Export Exemption

Free zone jurisdictions in the UAE have no import and export duties that help in promoting international trade.

Full Repatriation of Capital and Profits

Free zone companies are eligible for full repatriation benefits including profits and financial assets.

Easy Labour Recruitment

Labour recruitment formalities are easy and cost-effective in Free zone companies where they are allowed to recruit foreign nationals.

Hassle-Free Company Incorporation

company incorporation procedures in the free zone are simple and straight forward where the licensing procedures is accomplished in less number of days.

Easy Immigration Process

UAE Free zones Immigration facilities are efficient and time saving. Other benefits include –
  • Personal or corporate income or gains are 100% tax exempted
  • corporate tax for 15 years is exempted,
  • capital deposit not required
  • Easy access to air, rail, and road transport systems
  • Ready consumer market across MENA and Asia regions
  • world-class infrastructure provision with an efficient communication system
  • Low start-up and operational cost
Are you looking to setup a company in the Dubai Free zone ? , then you might also want to look into the procedure.

How to Setup Company in Dubai Freezones?

Registering a Dubai Free Zone company is straightforward and usually takes three weeks to incorporate. After the preferred free zone is decided, one have to follow further steps:
  • Reservation of the company name
  • Renting office premises
  • Arrangement for the deeds of establishment and the articles of association
  • Getting a corporate bank account opened, and the minimum paid-up share capital have to be injected to receive the bank statement confirmation
  • Allocation of budget for the translation and notarization costs of due diligence
  • Security of the appropriate business license, granted by the relevant Free Zone Authority
However, there may be certain limitations too in setting up a company in Dubai Free Zone.
  • Mandatory for renting office premises within the chosen free zone
  • clients or suppliers in Dubai mainland cannot be engaged to conduct business or engage in business activities
  • High costs for translation and notarization costs
You must be aware of the attributes and advantages of each one, when you set up a company in a Dubai free zone. For example, if your company will be providing IT services, you should consider the Dubai Media City or Internet City zone, or for a trading company, Dubai Multi Commodities Centre would be equally conducive. When one needs access to airports and seaports, Jebel Ali Free Zone is appropriate for a shipping company.

How can we help in setting up of business?

multiple investment opportunities to investors is provided by Free zones in Dubai along with offering them the flexibility to select a business entity fitting their unique business needs and objectives. To realize your entrepreneurial dreams without worrying about the nonsense, visa applications, documentation, licensing formalities, and residence permits, banking details, etc.; Black Swan Business Setup, Dubai has the expertise to take care of all these requirements. If you decide to open a Dubai free zone, don’t hesitate to contact us, even if it’s for friendly advice.

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logistic business setup in dubai uae

Logistics Business Setup Service in UAE Oman Mauritius & UK

https://www.youtube.com/watch?v=yTIHYZTCbiw

You will be wondering on how you can setup your Logistic Company or Logistics Business in UAE Oman Mauritius & UK

We can help you in Logistics Business Setup Service in UAE Oman Mauritius & UK

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Benefits : Dubai Free Zone business setup

Benefits : Dubai Free Zone business setup

Dubai Free Zone business setup: One attractive option that foreign investors can find is setting up a business entity among one of the Free Zones in the UAE. The reason is because, Free Zones do facilitate business activities as well as attract those companies eager to set up their businesses easily and quickly. UAE based Free Zone areas are distinguished geographical sections, whose regulations and laws are found to be immensely different from that of the laws which governs the companies in the UAE. Organizations operating in the Free Zones are regarded as companies operating external of the UAE or foreign companies. Dubai Free-Zone company registration is very much straightforward. Generally, it takes about three weeks for incorporation. Once the preferred free-zone is determined, you need to:
  • Reserve company name
  • Rent out office premises
  • Open up corporate bank account & deposit minimum paid-up share capital for receiving confirmation of bank statement.
  • Arrange for establishment deeds and articles of association.
  • Secure proper and relevant Free-Zone Authority approved business license.
  • Allocate budget for notarization and translation costs pertaining to due diligence.
As a matter of fact, Free Zones are said to offer fertile ground to establish businesses, offer world class business amenities, duty & tax exemptions, equipped with the most advanced infrastructure, unmatched facilities and flexible government policies. Some of the benefits to be derived from establishing business in the Dubai Free-Zone are given below:
  • 0% corporate tax
  • Minimal Export/Import duty
  • Full profit and capital repatriation from the business
  • Capital gain tax and personal income tax exemption
  • 100% ownership without UAE sponsor aid
  • Full-fledge infrastructure combined with highly efficient and effective communication system
  • Transparent, stable laws & regulations
  • Quick business set up & licensing
  • Single window clearance to enable better and quicker administrative services
  • No restriction levied upon currency movements
  • Visa restrictions not present on recruitment following liberal labor laws
  • Low operational and startup cost
  • Pre-built structures – warehouses, factories, offices
  • Easier and better access to skilled professionals
  • Additional services like on-site labor and housing assistance, sponsorship
  • Business support services combined with efficient and quicker operations with the touch of the button
  • Attractive working environment
  • Easier access to road, rail and air transport systems
  • Modern IT infrastructure having multi-tiered data centre
  • Ready consumer market throughout Asia and MENA regions
  • 224*7 operational ability
When trying to establish a company within Dubai Free Zone, there might be faced certain limitations:
  • High notarization and translation costs
  • Not in a position to conduct business or be able to engage with business activities with suppliers or clients in Dubai mainland.
  • Pre-requisite present to rent office premises in the chosen free-zone.
Dubai does boast of having 30+ free zones. Hence, when trying to establish a company here in the Dubai free zone, there is a genuine need to know the advantages and attributes of each one. In case, your company is to offer IT services, for example, you can consider Internet City Zone or Dubai Media City. But, if you plan to set up a trading company, then Dubai Multi Commodities Centre can be a conducive place. The most appropriate one to set up a shipping company is Jebel Ali Free-Zone. It is equally good for those requiring better, easier and quicker access to sea ports and airports. Dubai Free Zones do offer investors with multiple investment opportunities, as well as the flexibility to choose any business entity which perfectly fits their unique business objectives and needs. Substantial tax savings, freedom to carry out business, combined with robust infrastructure is what have been compelling entrepreneurs and investors to establish their businesses in the Dubai free zones. At Black Swan Business Setup Consultants, Dubai, we have the necessary resources, experience and expertise that you will require to fulfill your entrepreneurial dreams. You do not have to worry about documentation, visa applications, licensing formalities, rigmarole, banking details, residence permits, etc. Our expert team will take care of all your specific requirements.

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Get Trading License in Dubai UAE

Get Trading License in Dubai UAE

Get Trading License in Dubai UAE: Dubai, UAE is an amazing city and has managed to retain successfully its global position in the business market. Young starters and fully developed business organizations are offered plenty of business opportunities. If you are eager to start a new business here and is a foreign investor, then there is a need to understand the rules & regulations set by the Dubai government and to adhere to it. One initial step will be to obtain the Trade License, since it will reflect your business activities in Dubai. You can apply for trade license to export/import in Dubai clothes or products like electronics, accessories, clothes, raw materials, furniture, etc. If you deal in multi-trading activities, general trade license will cover them all. However, the trade license will not cover few products like medicines, alcohol, cars, guns etc. since it will require the UAE municipals to provide high level clearances and authorizations. The type of approval to be derived from the concerned authorities will be determined by your business activities. For example:
  • Approval will be necessary for insurance agencies from Economy & Commerce Ministry.
  • Approval will be necessary for financial institutions from Central Bank.
  • Approval will be necessary for food related services from Municipal Food Department.
  • Approval will be necessary for medical services from the Health Ministry.
  • Approval will be necessary for manufacturing firms from Finance & Industry Ministry.
  • Approval will be necessary for education related services from Knowledge & Human Development Authority.
In Dubai, UAE, it is the DED (Dept. of Economic Development) that takes the responsibility to manage issuance of Trade License. But in few rare cases, the registration process may be taken care of by Dubai Commerce Chamber.

Trade License, Dubai & its benefits

With the trading license obtained in Dubai, you are sure to avail plenty of benefits. Given below are few crucial benefits:
  • No restrictions on currency
  • Varieties of banking facilities
  • Low import duty
  • Auditing optional
  • Hassle-free registration procedure
  • Local & international trading

Trade License types in Dubai

Trade license offered for registration in Dubai are of three types, namely:

Commercial License

Companies carrying out trading activities can obtain commercial license. It includes all types of business activities. But with Mainland Limited Liability Co. creation, you can trade in the UAE market. To achieve this objective, you will require a local sponsor. In case, your business deals in external trading outside the UAE, company can be established in the Dubai Freezones. For this, local sponsor will not be necessary and you can enjoy 100% ownership of your company. Free Zone companies are permitted to get into partnerships with Mainland companies to market their services and products within the country.
Business activities included within Commercial License
  • Brokerage firms
  • Logistics firms
  • Raw material trading
  • Electronics trading
  • Car rental services
  • Export & Import

Industrial License

Companies involved in product manufacturing are provided with this type of license. You need to have a brick & mortar office in Dubai Free zone or Mainland to obtain this license.
Business activities associated with this license include
  • Food product manufacturing
  • Packaging
  • Metal casing
  • Furniture manufacturing

Professional License

Craftsmen, service providers, artisans and professionals will require obtaining this license. But if have 100% business ownership, then a local sponsor will be necessary to avail this license.
Business activities associated with this license include
  • Educational institution
  • Auditing & Accounting companies
  • Law firms
  • IT (Information Technology) companies
  • Medicine related businesses
  • Management & Marketing consultancy
Documents essential to obtain trade license
To obtain trade license, documents to be submitted will vary depending upon business activities. The general requirements for documents include the following:
  • Passport & Visa copy (meant for partners)
  • Firm name approval
  • MOA (Memorandum of Association)
  • Licensed application
Procedure to obtain Trade License, Dubai
It is possible to conduct business hassle-free in Dubai by obtaining valid trade license. Following are the essential legal requirements during submission of trade license requests to concerned authority:
  • Choose specific business category type
  • Determine business related activities
  • Fill application to avail initial approval
  • Prepare business plan
  • Get approval of trading name
  • Application submission to concerned authorities
  • Choose business premises & get authority approval
  • Legal documents including Memorandum of Association as required by concerned authority
  • Pay prescribed fees and charges

Trade License Cost in Dubai

Trade license cost depends entirely upon the business activity type that you plan to conduct in Dubai. Initial cost involved in Free Zones and Mainland is also different. Cost might involve terms like:
  • License application cost
  • Court Appearance of Local Sponsor
  • Business Address registration
  • Consultancy fee
  • Local sponsorship fee
  • Legal document translation and typing

Why obtain trade license in Dubai?

You need to follow the given below points to initiate the process:
  • Easy application process
  • Reasonable setup cost
  • Business can be set up anywhere desired
  • Low barriers exist for business expansion
  • Patronizing dependents is much easier
  • Allows participation with regards to government measures
  • Business can undertake commercial activities
Besides the above, there are offered numerous banking and financial facilities for corporate and personal purposes. In Dubai, a major advantage derived from holding trade license is, not requiring paying any taxes. Multiple visas can also be applied for on meeting specific criteria requirements. The company trying to establish in Dubai, on obtaining trade license is able to enjoy 100& capital and profit repatriation. It is because of such opportunities offered that businesses in Dubai are able to expand further to achieve record breaking measures.

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Steps to Start Food Truck Business in Dubai - UAE

Steps to Start Food Truck Business in Dubai – UAE

To launch a food truck business may seem an attractive proposition for entrepreneurs who look to make profits in Dubai. Right approvals are required besides location. As this turns your idea into a successful enterprise. To get a food truck license, you need a compelling business plan, an approved blueprint of the fit-out and a compliant central kitchen. Being at the top of the process would save you time as you can start trading more quicker.

Four steps to create a successful food truck startup in Dubai

Submission of a compelling business plan to the Dubai Economic Department (DED)

Once you win the DED approval, the quicker you could start your food truck. The burgeoning market for pop-up events, world-renowned trade fairs and fantastic climate comes in. Dubai can be seen as an ideal city to set up a food truck business. You have to prepare your menu before you dive in to buy a food truck. You have to create a strong business plan to submit to the DED and Dubai Municipality for approval. The business plan should showcase your idea, budgets and plan of action. This must convince government entities that your food truck concept would work. You can check out the competition and note what makes the popular food trucks a hit with customers. You have to consider the uniqueness of your offering and what would persuade people to part with their dirhams. The details of how you fund your startup must be included. The plans to scale-up and ways to manage them should be incorporated. Take an account of regulatory, market risks and the variables that adversely affect your business. You have to plan for reserve cash to meet the cash flow problems. This should be as realistic and detailed as possible when providing the financial data. Be careful of business plans in UAE, as they require detailed research than needed in other countries.

Obtain HACCP approval for your kitchen and truck

You have to know the ways to obtain health and safety certificates for saving your money and time. For operating a food truck business in Dubai, entrepreneurs must get safety and two important health certifications for official approval. You have to get HACCP (Hazard Analysis Critical Control Point) certification for the layout of your central kitchen when you plan to pre-prepare some of your offerings. Then get a HACCP certification for the blueprint of the design and fit-out for your food truck. The HACCP certification gives assurance on the safety of consumption of the product you intend to sell. This is based on the identification, control, elimination of hazards and risk factors that adversely affect the product. After getting the HACCP certificates, you have to submit them for approval to the government. After the approvals, you can start trading so it pays to get advice from leading consultants based in Dubai. So follow the correct procedures.

Choosing a great location

Higher footfall leads to a greater chance of higher profits.
The research related to the food truck business
Do your research and plan work diligently? The food trucks in Dubai are not allowed to move sound. They have to be placed at a pre-secured location. You have to scan the city for possible locations and find out who owns the land. The best locations go quickly when a new pop-up event, fair or market opens in Dubai. Thereby you will be on the ball to profit from popular eating spots. Locations are limited and owned by private landlords. You can develop contacts, know the landlords, keep up to date with urban renovations and developments in the city where food trucks are authorized. This secures a competitive advantage. Food trucks pop all over the city in Dubai. The popular spots are Kite Beach, getting established itself as a foodie destination and the home for the award-winning Salt burger joint. The Palm Jumeirah, where 30 pop-ups are planned. Never confine your search to the centre of Dubai. You have to consider the new themed food truck sites on key routes on the outskirts of the city. The last exit now runs sites at Al Qudra, Al Khawaneej and Jebel Ali. The food truck parks are springing all over Dubai. They have Truckers DXB popping up around the city in winter, and the Truckers Summer Warehouse. As you spot a great site, vastly secure it so you can gain a foothold in your chosen location before other food trucks move on to the neighbouring locations.

Obtain your license, buy your truck and start trading

The food truck license is your passport to success. As you buy your truck, design it with fit-out approved by the authorities. The truck must be supportive of your kitchen, have proper ventilation and capable of handling the heat. As you obtain your food truck license, start preparing and cooking your delicious food. Ensure it tastes good as you say it does. Get help if required. The passion for outdoor eating, tasty food, wealth of new sites and pop-ups creates a flourishing food truck scene in Dubai. When entering the market, you can join in an exciting time in its growth. You can create a thriving business with a great concept and site. The possibility to expand on other sites or other forms of catering. Obtaining a license is not easy, particularly for newcomers. To avoid hassle, consider working with a specialist. The Arabic-speaking consultancy having local knowledge on how to obtain DED and HACCP approvals would do better. Help is available to design, brand, fit-out and operate your food truck. This would be costly for the startups, but it may come in handy for first-time entrepreneurs and gives you more time to focus on core activities. To set up your own business has never been easy. We take care of it all, so you can focus on what matters – building your business.

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nilesh

Oman Business Setup Testimonial by Mr Nilesh | Reliant National Trading And Contracting SPC

Thank you so much for your kind words, Mr. Nilesh. We really appreciate you taking the time out to share your experience with us. We count ourselves lucky for customers like you. We look forward to working with you again in the future! #clientappreciation​ Video Link https://youtu.be/Egy3hcl-J28​ Setup you business in Oman Today ! Get free consultation Call or WhatsApp +971-522447757 / +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
DMCC Free Zone Business Setup

DMCC Free Zone Business Setup

Dubai Multi Commodities Center is shortly called DMCC. The most well-known and highly reputable free zone in Dubai is DMCC. Hosting 16000 companies, registering your business in the Emirate of Dubai with DMCC company formation is one of the best ways

DMCC Business Facilities

Jumeirah Lakes Towers with both commercial and residential towers is the location of DMCC that looks like a city within a city. Main highways of Dubai are conveniently accessed along with 2 metro stations from DMCC. Across the road are Dubai Marina and The Palm Jumeirah. A 10 min drive will take to Downtown. It lodges business centers, offices, clinics, schools, sport clubs within the same area. For company formation, DMCC company has 4 options of the facilities to rent namely:
  • executive office in any of the business towers located in JLT
  • flexi-desk facility as the minimum required office space
  • serviced desk or office
  • Warehouse in JAFZA free zone

Activities in DMCC

Business activities include:
  • conventional trading
  • professional services
  • crypto commodities trading
  • shop
  • clinic
  • restaurant
  • retail business
It is a great alternative to a Mainland company with 100% ownership. Business activities upto 6 can be held by your license.

DMCC License Costs

Major fees for DMCC company set up includes:
  • DMCC license
  • One-time registration fees
  • Facility rent flexi-desk, office or warehouse

DMCC Company Setup

DMCC company setup process can partly be done remotely and may take from 2 to 4 weeks. Company legal documents have to be personally signed by the shareholder. A minimum share capital of 50,000 AED has to be deposited to a corporate bank account. This can be 60 days after the licensing in the free zone. Documents for DMCC business setup include:
  • Business plan for certain activities
  • CV
  • Passport copy
  • Utility bill
Few post-registration formalities include:
  • Appointment of auditors
  • Carrying out office inspection if you have rented one
  • Demonstration of company capital to DMCC authority
  • Stamping shares certificates

Dubai Resident Visas

Validity of all visas is 3 years owners as well as employees. Visa designation is restricted for Company owners but they can have any top managerial position for which attested educational certificates have to be submitted.

Renewal of DMCC License

Company renewal costs include license and facility fees. So it is reasonable in terms of maintenance. Annual audit report has to be provided. Without your personal presence, the consultants renew the DMCC license.

Company Amendments

Remote mode is opted for minor amendments whereas shares transfer requires a personal visit of the owner or a Power of Attorney. Amendment costs around 4,000 AED. During license renewal, few amendments can be freely done. Amendments can be:
  • Change of the location
  • Company name change
  • Removing or adding the company Manager

DMCC Company Liquidation

DMCC’s Company liquidation is quite an extensive process that includes following steps:
  • Cancellation of the license
  • Cancellation of visas
  • Closure of the bank account
  • Final audit
  • Newspaper advertising of the company closure
  • Termination of lease
Liquidation time-frame varies from 2 to 5 months with a fee around 10,000 AED. This process is carried out by Business setup consultants in DMCC.