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Category Archives: Business Setup

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Categories Business, Business Setup, company, dubai, uae

Difference Between Branch and Subsidiary in Dubai

Setting up branches in different places is a common way for companies to grow their business on a national or international scale. Branch offices are part of the parent company and are opened to do the same business as the parent company. This helps the parent company reach more people. Branch offices are different from subsidiary companies. A subsidiary company is a business that is owned by another company, called the holding company, which has the most shares. The parent company owns both the branch and the subsidiary company, but they are different in many ways. The article below explains the differences between a company's branch and its subsidiary.

Definition of Branch

A branch is an extension of the parent organisation that is set up in a different place to reach more people. It does the same things that are done at the main office. The person in charge of the branch is called the branch manager. The branch manager is directly in charge of the branch's work and also reports to and takes orders from the head office. Most banks and other financial institutions have branch offices that act as agents. Setting up branches in far-flung places increases the number of customers and makes the business easier to reach. It also helps distribute goods and services quickly and well.

Definition of Subsidiary

The term "subsidiary company" refers to a business that is owned and controlled by another business. When one company buys another, the company that bought the other company is usually called the "holding company," and the company that was bought is called the "subsidiary." A company is a subsidiary of another company if any of the following three things are true:
  • Ownership stake: If another company owns 50% or more of the corporation's total equity share capital.
  • Composition of Board of Directors: If a company's Board of Directors (BOD) is made up of people chosen by a different company. The way BOD is put together means that all or most of the directors are chosen by another company.
  • Deemed Subsidiary: If a company is a branch of a company that is itself a branch of another company.

Difference Between Branch and Subsidiary

The difference between a branch and a subsidiary can be seen in the following ways:
  1. A branch is a company that is separate from the parent company but does the same business as the parent company at a different location. On the other hand, if a company owns and controls another company, the company that owns and controls the other company is called the holding company, and the company that is owned and controlled by the holding company is called a subsidiary company.
  2. Branch has to tell its Head Office about how it is running. On the other hand, the holding company is in charge of the subsidiary company and owns most of its shares.
  3. The Branch office might do the same kinds of business as the Head office. On the other hand, the subsidiary company might or might not do the same business as the parent company.
  4. A branch is not a separate legal entity, but a subsidiary company is. It has its own identity that is different from that of its parent company.
  5. When it comes to branches, accounts can be kept together or separately. However, subsidiaries keep their own separate accounts.
  6. If we're talking about investments to open a branch or subsidiary, the parent company has to put up all of the money to set up a branch somewhere else. To own a subsidiary company, on the other hand, the parent company has to put up between 50% and 100% of its own money.
  7. When a branch office can't pay its debts, the Head Office has to pay them. On the other hand, a subsidiary company's debts do not spread to the holding company.
  8. If a branch is always losing money, it is shut down. If a subsidiary is always losing money, it is sold to another company.
Tags : Start a Branch Office in Dubai, Subsidiary Company in Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai
Categories Business, Business Setup, company, dubai, Offshore Company Formation

Offshore Company Setup in JAFZA / Dubai

Dubai Offshore Company is not on the list of places to avoid because it is not a tax haven. So, it doesn't have any agreements to share information, so it's a fully secret place. In short, you will have a prestigious office address in Dubai, and you can open a bank account there or somewhere else. A Dubai offshore company gives clients, suppliers, and even potential venture capitalists a good impression. When compared to other types of businesses in Dubai, setting up a Dubai Offshore Company is quick and easy.

Advantages of Dubai Offshore company

  • The offshore company can be owned by 100% foreigners.
  • No UAE citizen needs to be a shareholder or sponsor.
  • The company can own real estate on the Palm Islands or anywhere else that the JAFZA approves.
  • There is no public list of the people who run a business. In order to register a company, no name should be given out.
  • Keep more than one bank account.
  • The company does not have to keep records or books.
  • New laws for the islands
  • The offshore company will not have to pay any income or business taxes.
  • There are no limits on foreign money.
  • Profits and capital from offshore companies can be sent home in full.
  • The costs of starting up are lower than those of an onshore company.
  • There is no office on land, so there are no employees or costs related to them.
  • Legally, you can avoid paying certain types of taxes on income and/or profits.
  • To start an offshore company, you only need a small amount of money.
  • At least one director or shareholder is needed.

Company structure for an offshore company in Dubai

  • Investments or Joint Investments Company
  • General Trading
  • Holding Company
  • Shipping or Ship Management Company
  • Property Owning
  • Copyright or Patent Company
The authority in charge of setting up the offshore company should approve a registered agent. The agent will either have to be in the free zone or in the UAE. Black Swan Business Setup is one of the market leaders in offshore business consulting and a registered agent for Jafza Offshore. We help clients find ways to pay less in taxes, protect their assets, and limit their liabilities. We do offer incorporation services in the most important offshore centres in UAE.

We offer

  • Registered Office with PO Box
  • Registered agent
  • Preparation of Memorandum and Articles of Association
  • Preparation of registration forms
  • Preparation of Incorporation Certificate
  • Assisting in Opening a multi currency bank account
  • Filing with the registrar of Companies
  • PRO Service
With Black Swan Business Setup , you get a team that knows the area well and has a lot of experience. This lets us understand your business's needs in a very specific way. So, we can give you advice on the best options and make sure your business is set up with the least amount of trouble and work. Setup your Business in JAFZA with end to end support from Blackswan Business Setup Team. Call us today for a free consultation. Tags : Dubai Offshore Company Formation, Jafza Offshore Company Formation, Types of Business License in JAFZA, JAFZA Offshore Regulations Features, Company Registration Process in JAFZA, Company Registration Business Setup Process in JAFZA, JAFZA Free Zone Company Formation Registration Process, 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 Setup, company, dubai, uae

Starting a Manufacturing Business in the UAE

As the Middle East's area that is growing the fastest, the UAE is a great place for a manufacturing business to grow because it has a great environment and all the help it needs. To do business in the UAE, you need an industrial licence for any business that involves making or making goods. Also, designated zones and industrial areas work well to meet manufacturers' needs.

What is industrial production?

Industrial production is the process of changing goods from one state to another, either by hand or by machine. Materials like raw materials and natural resources could be changed to make the final product. Goods are made, sorted, stored, and packed in a factory. Some of the most important things that the UAE manufacturing sector makes are:
  • Textile and ceramic products
  • Construction material
  • Petroleum products
  • Automobile and spare parts
  • Packaging material
  • Metal and metal components
  • Foodstuff production
  • Plastic and polymers
  • Chemical products
  • Medicine and healthcare equipment
  • Electronic equipment and appliances

Process of obtaining an industrial licence in UAE

Prepare the required documents:

  • Your business plan
  • Fill-in the detailed application form
  • The layout of your production plant
  • Process flow chart
  • A list of your equipment and machinery
  • A copy of your passport and visa/entry stamp

Follow the step-by-step process:

  • Unlike in the past, you don't have to show proof of funds or put down money to start.
  • Send your documents to be looked over and licenced.
  • Lease a warehouse suitable for your operations
  • Hire at least 10 people
READ MORE  https://bss.blackswanbss.com/industrial-license-in-dubai/

Manufacturing company set-up cost IN UAE

Getting a licence and paying for company registration, administration, and immigration costs would cost about AED 18,000, but the cost of renting a warehouse would depend on its size, power, and location, among other things. You should also think about the extra space you'll need to store your goods, the cost of getting visas for your employees, and where they'll stay.

Top industrial areas in the UAE

The UAE's industrial areas have the tools and people to help your business run and find workers. Some of the best places to go in Ras Al Khaimah (RAK industrial areas) are:

Al Ghail

Al Ghail Industrial Zone is good for big, heavy businesses. It has land plots of at least 5,000 m2 that you can build on for your facility. There are also places for staff and workers to stay right there in the area. Here, you can start a free zone company or a non-free zone company and get visas for your investors and employees.

Al Hamra

Al Hamra Industrial Zone has warehouses that range in size from 150 m2 to 10,000 m2. It serves both light and heavy industries. You can also set up a free zone or a non-free zone business in this area and get visas for investors and employees. There are also places for workers to live, offices, and land for building.

Al Hulaila

Al Hulaila Industrial Zone is a great place for people who make heavy industrial goods. One of the best things about setting up your free zone business here is that it is close to Saqr Port, which is the largest bulk logistics hub in the region and gives you access to leading business centers. The area has land, warehouses, places for staff to live, and offices.

Planning to setup Manufacturing company in RAKEZ ?

Setting up a manufacturing business in Ras Al Khaimah Economic Zone (RAKEZ) is simple and beneficial in many ways. One of the best things about putting up your factory in RAKEZ is that you won't have to pay customs duties on the machinery and equipment you bring in. To help your business even more, you might not have to pay import duties on spare parts, raw materials, materials in the middle of being made, and packaging materials. Here is how you can get started:

Obtain an industrial licence

Black Swan will look over your documents and give you your one-year business license. When you are approved, you will also be given the options for leasing.

Get necessary approvals

Once the licence is given to you, you have to apply for approvals from outside and local federal authorities, such as the Ras Al Khaimah Environment Protection and Development Authority (RAK EPDA), the RAK Municipality, and the Department of Civil Defence. You also need approvals from the Health, Safety, and Environment (HSE) and Technical Support Service (TSS), which show that your warehouse meets ISO standards and make sure that no illegal or prohibited activities will happen on your property. Tags : Industrial Licence in Dubai, Start a Manufacturing Business in Dubai, Business in Ras Al Khaimah Economic Zone, Setup Manufacturing Unit in Dubai, Business Setup Service in RAK, RAK Mainland Company Formation, RAK Freezone Business Setup, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai
Categories Business, Business Setup, company, dubai, Education

Business Incorporation for Education Providers at Rakez

About 10 million people from all over the world live in the UAE. They like the place to live, work, and play. Education is a key part of a country's ability to be a good place to live. The article below will help investors figure out the scope, benefits, requirements, and steps for setting up a business for education providers.

Invest in an educational institution in the UAE?

The UAE has more than 400,000 college students from 187 different countries taking 18 different types of courses, according to the latest government data. Even though the British, Indian, and American curricula are the most popular, many students like the International Baccalaureate (IB) and UAE Ministry of Education curricula, among others. So, there are a lot of ways for educators to make money in the business of getting young minds ready for a better future. According to a study done by the consulting firm EY-Parthenon, setting up an educational institution in the UAE is much easier than in countries like Singapore and Malaysia when it comes to getting into the country and getting the right permissions from the right people. The other good things about investing in a business in the UAE are that 100% of the company can be owned by foreigners and that there are convenient dedicated educational zones.

How to setup higher education institution in UAE

In the UAE, starting an educational business is the same as starting any other business. But this may require a lot of paperwork and approvals from more people. What you have to do is:

Get the permissions you need

Depending on which emirate you want your school to be in, you need permission from different authorities. For example, if you choose Ras Al Khaimah, you'll need permission from the Ministry of Education, the Department of Economic Development, and the license-issuing authority if you're renting land to build your facility – Ras Al Khaimah Economic Zone (RAKEZ).

Incorporate your company

Register your business, get a license, and rent a building or piece of land that is already set up for your institution.

Develop your facility

If you are building a facility, you need to get pre-requisite approvals and building permits before and after your project is done.

Get UAE visas

Get your partners/investors, managers, and planning staff in the country to start the first work.

Open a bank account

Talk to local banks and open a bank account for your business so you can apply for loans and keep your business funds in a safe place.

Hire academic faculty

Depending on how you run your business, you may give many people jobs at different levels. You can hire people from any country in the world to work in the UAE.

Begin operations

Now that your business, facility, and employees are all legal, you are ready to let people in.

Ras Al Khaimah (RAK) – The ideal place for your educational business

Ras Al Khaimah's education system tries to meet the needs of its residents and the growing number of expatriates. This has led to more people enrolling in private schools that offer affordable and appealing prices. If you want to start an education business in Ras Al Khaimah, you need to think about what kind of school to open and what courses to teach.

Blackswan for Business Setup in UAE

In the UAE, RAKEZ Academic Zone is a centre for education with local and international institutions and service providers..The Academic Zone was made to attract and help qualified educational institutions that are committed to providing market-driven education, training, and professional development services that help Ras Al Khaimah, the UAE, and the wider Gulf region. Academic Zone makes it easier to start a business. It gives you many options for leasing buildings or land where you can build, own, and run a school, college, or training institution. It also gives you professional help and support at every step of the way, from researching the local market to setting up the business and keeping it going. Get in touch with experts at Black Swan to setup your business in the UAE. Call/WhatsApp us or fill up the form below Tags : Educational Institution Setup Dubai, Business Setup Service in RAK, RAK Mainland Company Formation, RAK Freezone Business Setup, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai
Categories Business, Business Setup, company formation, dubai, uae

Starting a Security Agency or Company in Dubai, UAE

When we hear the word "security" these days, we often think of cyber. But physical security is still just as important as ever because people, homes, and valuables all need to be kept safe. It is also a big business here in Dubai. In the last few years, the security business in the Middle East has been doing very well. Governments in the area have made a lot of progress to protect their people, businesses, and property. So much so that analysts at Frost & Sullivan think the commercial security market in the Middle East as a whole is worth about USD 10 billion. This includes a lot of different products, services, and subsectors, such as CCTV surveillance, alarms, and ID systems. On top of that, a region with a lot of expos, events, and high-profile gatherings needs more and more security guards to protect VIPs and key sites and premises. With everything put together, now is a great time to start a security business in the UAE. With the right help, it only takes a few easy steps.

Steps to start a security company in the UAE

If you want to start a security company in the UAE, the first thing you should do is talk to experts in the area, like those at Black Swan. After a short meeting to find out what your business needs, we can walk you through the four steps below.
Registering the name of your business
First of all, we'll help you decide on and register a name for your new business. In the UAE, there are certain rules you must follow when choosing a business name. You will need to stay away from words that could be seen as hurtful or disrespectful to God. You should also make sure that the name you choose is not the same as that of another business or organisation. Your name must also be free to register. Because of this, it's a good idea to suggest a few names in case the one you want is already taken. Once you have decided, we will send in your trade name registration for you.
Get a licence to run a business
You can now apply for your UAE trade licence since you have chosen and registered your name. Whether you are setting up on the main island or in a free zone will change how you do things here. The Department of Economic Development or a similar group gives out Mainland licences. The people in charge of a free zone give out licences. In either case, your Black Swan contact will handle the process for you to make sure your application goes quickly and smoothly.
Finish the visa paperwork
A residency visa is needed for anyone who wants to live or work in the UAE. Even though the process is a little more complicated than applying for a license, it is still quick and easy with the right help. You will have to take a medical and fitness test, a chest X-ray, and a blood test as part of this process. If you have a UAE visa, you can also pay for visas for your children, spouse, parents, and household staff.
Open a bank account
Lastly, you will need a UAE corporate bank account so you can start sending and receiving payments. Even though the process isn't always quick and easy for people who aren't from the GCC, the staff at Black Swan can help lighten the load. Once we know what you need, we'll put you in touch with the banks that are most likely to be able to help you.

How to get a security licence from SIRA

In order to get a security licence, all private security guards must go through SIRA training. Before you can do this, you must first sign up on the SIRA website. Then, you should go to the SIRA Cadre Training Centre to turn in the necessary paperwork. Once you're registered, you have to take the SIRA training course. It will give you an overview of best security practises, help you reduce risk, protect your clients and their things, and make sure you follow all the rules.

SIRA training needs certain papers

Before starting the SIRA training course, you will need to send in the following documents:
  • Application form
  • Color passport photos
  • Copy of your passport
  • Copy of your Emirates ID
  • Copy of your residency visa
  • Medical fitness certificate

SIRA training fees in Dubai

When getting SIRA training, you can choose from courses like manager and supervisor training, first aid training, and security awareness training. Fees range from AED 210 to AED 5,000, depending on the course you want to take.

Cost of starting a business in Dubai

In Dubai, it costs at least AED 14,000 to start a security business. But there are also many other fees on top of this. In addition to your licence fee, you will also have to pay for visas, staff, and any other permits you need to trade. Contact the team at Black Swan to get a full and personalised breakdown of the costs.

How Blackswan can help

Black Swan is one of the biggest and most trusted business setup advisory firms in the UAE. They can help you with every step of forming a company. With our simple but ground-breaking model, our team of registration experts has helped 1000’s people start and grow their businesses in this country. We are here to help you with everything you need for setting up a business in Dubai. We can help you get licences and visas, and we also have a number of other business services that can help you and your business even after you've opened. We also have flexible payment plans and custom packages to keep costs down. So, if you want to start a security business in the UAE, contact us to learn more. Tags : Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Categories Business, Business Setup, company, Oman

Open a Bank Account in Oman – Corporate Banking Services in Oman

Oman is one of the places where international investors and business people choose to put their money to work. The Sultanate makes it easy for businesses to move business ideas from one GCC country to another and grow them. Setting up a business in Oman is more than just forming a company. There are many other things to think about, such as taxes, visas, intellectual property services, etc. After a business is incorporated, one of the most important things the owner should do is open a bank account. This article will tell you what you need to do to get banking services in Oman. Let's move on...

An Outlook of Banks in Oman

The banking system in Oman has grown to serve and help businesses of all sizes, from small start-ups to large, well-known MNCs. Also, the Central bank has started Corporate Internet Banking (CBI), which gives the bank the chance to offer internet-based solutions for a quick and easy process from home. The whole banking system can be broken up into three groups:
  • Local Commercial Sector
  • Foreign Bank Sector
  • Specialized Sector
Central Bank of Oman is in charge of all the local commercial banks. It is the highest regulator and also sells bonds and Omani notes. Here are a few of the most important banks in Oman.

Banks in Oman for Setting Up a Corporate Bank Account

  • Bank Muscat
  • HSBC Oman
  • Bank Dhofar
  • Bank Nizwa
  • National Bank of Oman
  • Alizz Islamic Bank
  • Oman Arab Bank
  • Ahli Bank
  • Bank Sohar
  • Beirut Oman Bank
You can see that the banking system in Oman gives business investors more than one way to start the process of opening a bank account. As we've already said, different Omani banks are set up to handle different business structures, so it's important to choose the right one based on your business's needs. Let's move on to the next step, which is the core procedure.

How to Open a Bank Account in Oman?

To start the process of opening a business bank account in Oman, you have to follow strict rules and fill out a lot of paperwork. When foreigners set up businesses in Oman, they usually end up hiring a business consultant who can make the process of opening a corporate account much easier. Let's look at the most important things that need to be sent in:
  • Identity card
  • Original trade license
  • Two passport-sized photographs
  • Residency/Work-Permit copies
  • Agreement to prove the residential address
  • A NOC from the Omani employer that states the expected monthly salary will be deposited into the respective accounts
  • Valid Passport along with a valid visa and resident card
  • Letter of Reference from the expat’s bank in the country of origin
Foreign investors must bring all of the listed essentials in order to start the account opening process. At Blackswan, we help our clients set up their businesses and the bank accounts that go with them. We can help you open a business bank account in Oman by taking care of all the paperwork. Our team experts know a lot about Omani law and will help you get through the process quickly and safely. Get in touch with us today to start the process of opening a business bank account in Oman. We'd be happy to help. Tags: Business Setup Service Oman, Oman Mainland Company Formation, Company Formation in Oman, Company Registration in Oman, Oman Company Incorporation, Open Corporate Bank Account in Oman, Steps to Open Bank Account in Oman
Categories Business, Business Setup, dubai

Setting Up a Business in Dubai Logistics City

The future of Dubai can be seen in the Dubai Logistics City. This is because it has grown into a large, well-developed centre with advanced technology. The city's infrastructure is great. It has some of the best facilities and services, which has made it one of the best places for businesses to set up shop. So, it's not surprising that companies from all over the world are rushing in to meet the growing demand. Dubai's business laws will make things easier for you, if you want to start a business there. If you want to start a business in Dubai, you'll need to fill out the paperwork and gather all the documents you'll need for the licencing process. These legal requirements will depend on what kind of business you have, what kinds of projects you want to work on, and what kinds of business activities you want to do. There are a number of companies that can help you with this and walk you through the process. There are also departments in the Dubai government that deal with these issues and can help you or give you more information. There are a lot of good reasons to do business in Dubai, which makes it one of the most popular places for investors and business owners to go. The city's legal system is known all over the world, which makes it easy to do business and enjoy the benefits that come with it. Compared to other places in the region, the procedures for getting a licence and the fees that go along with them are much easier and less expensive. Dubai's location is one of the main reasons why so many people think it would be a good place to visit. Dubai is in the Middle East, which makes it an easy place to ship goods, rent cars, and fly. The city is known as a business centre with a lot of room for growth in the international business world. It is a great place to invest because the economy is strong and the future looks good. Compared to other Middle Eastern countries, Dubai has relatively few rules about how to start a business. All you need is a legal entity that works, like a company or an individual. To get approval and start trading, it's important to have all the necessary paperwork. The Dubai government takes this very seriously and will not let a business register without the right paperwork. The fact that the Dubai government doesn't charge taxes is also a plus. This means you won't have to pay any taxes on your income or assets. This is another thing that makes people want to start businesses in Dubai, because they don't have to worry about their own money. The Dubai government also helps businesses by giving them big discounts on property and business licenses. If you plan to bring goods from other countries into Dubai, you can also get rebates from the government there. Dubai has a well-developed legal system, and the quality of its lawyers is known all over the world. The government offers many different kinds of legal aid, from free legal advice to low-cost legal services that are still of high quality. This means that if you want to start a business in Dubai or run a business there, you need to talk to a lawyer. They will give you advice and help that is legal and good for you. They can also help you get the licences and registrations you need. They can also tell you about financial benefits, business tips, and how to get the best deals in Dubai. People from all over the world are investing money in Dubai's business sector, which is growing quickly. Several businesses have set up shop in Dubai to meet the needs of the international business market. When starting a business in Dubai, you can either start from scratch or grow an existing business. You could start out with a small family-owned logistics business and then grow it as the market allows. You can choose to own a single store or a number of stores in different parts of 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
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 Setup, company, Oman

How to Setup Business in Oman

The path of an entrepreneur consists of random acts of inspiration, planning, and execution. It is essential to do your homework before settling on a location for your new business. If you want to keep up with the global competition, it's essential that you plant the seeds of your business idea in the most advantageous zone. As an example, the Sultanate of Oman is a promising investment destination in the Middle East because of its position as a developing nation. Investors from around the world flock there because of its convenient location between Saudi Arabia, the United Arab Emirates, and Yemen. Investing in BlackSwan Business Solutions is prudent because it creates a dynamic ecosystem where new enterprises can flourish. But before we go into that, let's review the essentials!

Oman Emerging business hub in the GCC

In the Sultanate of Oman, the majority of the economy's revenue comes from the oil and petroleum industry. The government of Oman, on the other hand, has been concentrating on the new possibilities presented by the worldwide digitization of society. Oman is one of the most exciting places for a self-employed person or a multi-millionaire to set up shop. Forming a company in Oman is a great first step to take if you have a business idea and are trying to expand your horizons. Investors from other countries perceive the location as a great opportunity to make a lot of money.

Business Registration Process in Oman

There is a link between a few key elements of the Oman corporate register. To register, complete these simple steps:

Choose a Business Model

When deciding how to incorporate a company in Oman, an investor must consider the amount of capital available as well as the number of stockholders. An investor has the following options:

Reserve your Business Name

The company's name is also its identity, so keep that in mind. So, what do you think of when I say the names Amazon and Pepsi ? Isn't it just a store and a Coke bottle? And now here you are, reading this very piece of writing. Yet an instantaneous mental picture appeared upon hearing the brand name. Choosing a business name is more complicated than it first appears. First and foremost, you should make sure that your business name stands out from the crowd. And you need to watch out that the company's moniker doesn't offend anyone's sensibilities by making fun of religion. Contact us to Register your Business Name

Choose the Best Location

In order to be successful, a business must be established in an area with a sizable population of its target demographic. At the same time, it's important to make sure the investors' first investment requirements are met. In Oman, there are special economic zones where businesses can put their money where it will go the farthest. If an existing firm already operating in UAE or UK wants to expand its operations, it can do so by setting up a subsidiary on the Mainland. However, Oman's Free Zones are the most practical option for would-be business owners because to their low overhead. Contact us for Business Space, Virtual Office and Office Spaces in Oman

Documents Required setting up of business in Oman

When you've settled on a name for your company, it's time to get it officially registered. Some of the most vital records are as follows:
  • A complete application form
  • Shareholder Agreements and Other Constitutive Documents
  • The Articles of Organization and Memorandum of Association
  • Tax residency certificate
  • Initial Deposit Receipt
  • Validation of Membership in a Chamber of Commerce or an equivalent document

Submit the Oman Chamber of Commerce and Industry (OCI) with the Company Essentials.

Obtaining a business licence in Oman is another crucial step. Make sure you join the Oman Chamber of Commerce and Industry to ensure you're in line with regulations (OCCI).

Create a Capital Savings Account

An organisation can't function without having a corporate account to handle money transfers and other financial dealings. Rather than randomly picking a bank, a business should first investigate the different options available to it. In order to deposit the initial fee for forming a company, you must first open a capital account.

Obtain a Business Seal

Letterhead with a company's official seal displays the company's official signature. This is crucial when dealing with company shareholders since it prevents falsification of the most important business documents.

Post-Incorporation Process

A few extra actions are required after you have registered your firm. Here are just a few examples:

Recruit the Best Working Staff:

Organizations in Oman can legally recruit from anywhere in the globe, offering you access to the most qualified candidates. It is important to foresee the company's demands and draw up a departmental structure before making any hires. Understanding the current requirements will allow you to take the necessary next steps.

Complete the Visa Application Process

The next step, after finding the proper employees for your organisation, is to help them obtain work visas. An employment visa will be issued to the successful applicants, while an investor or employer visa will be required.

Employees Registration

When a person accepts a position with a company, they become legally considered an employee of that company. It's crucial to think about getting them registered under the business's name.

Bank Account Conversion

Finally, the original capital account is updated to the current version to ensure the seamless running of the business.

Why Choose BlackSwan for Business setup in Oman

Black swan can help you in entire business setup service in Oman, Fill up the form below or call us for a free consultation. 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, Holding Company, Representative Office
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