Your dream of opening a dental clinic is no longer a dream. If you are a medical professional, setting up a clinic is only few steps away.
UAE became the world leader in a large number of aspects, so the population keeps on emerging. As the population increases all the other utilities increase. Enlargement of industries and companies all over UAE, enhances the need of medical services too. The country ensures providing best healthcare to its residents and thus opportunity is given for healthcare players to step into the healthcare industry of UAE.
Each and every query related to the healthcare services will be answered and taken into account by DHA – Dubai Healthcare Authority. 2007 is the year this authority was established with an objective to regulate and monitor the operations of medical professionals, hospitals and other healthcare service providers. Hence, approval from DHA is the foremost and mandatory thing for the whole process.
How to get Dental Clinic Licence
Trade Name Reservation
Department of Economic Development’s approval
DHA’s initial approval
Documents execution
DED’s Final approval
License by DHA
Trade Name Reservation for Dental Clinic
The investor needs to select a trade name in which the clinic will be opened. It will be sent to DED for the initial stage of approval. This is to get required license from the authorized boards. When the trade name is reserved and approved, further process of setting up the clinic starts.
Department of Economic Development’s approval
You need to fill up an online application for getting initial approvals for setting up the clinic. It doesn’t need any big documents required. Instead clinic layouts, investment plan, passport and visas. The Layout plan has to be sent to Dubai Municipality for the approval of the building plan.
DHA’s initial approval
Although the required license for setting up your clinic comes from the Department of Economic Development (DED), you have to get another approval from Dubai Healthcare Authority (DHA). The dentist of the approved clinic has to verify with his qualifications and experience.
Documents execution for Dental Clinic
The investor has to prepare the documents like agreement terms, memorandum, articles of association, clinical lease to register with DED for LLC – Limited Liability Company.
DED’s Final approval
The final approval of registration will be done by DHA and DED once investor’s documents and personal profiles are checked and finalized. You will be navigated to create a profile by DHA on their official website so that they are able to store all your filed documents.
License by DHA for Dental Clinic
You will also be directed to appear for an oral exam or a simple assessment exam by DHA. A healthcare line professional will head this. Once you successfully clear this assessment, your license will be provided, followed by an offer letter, one professional title, facility stamp, insurance coverage, mal practice guidelines and so on.
Licensure Requirements for Dentists to Start a Dental ClinicThe dentists who wish to apply for license should possess any of the following degrees -
BDS (Bachelor of Dental Surgery)
DMD (Doctor of Dental Medicine)
DDS (Doctor of Dental Surgery)
Equivalent from a nationally accredited dental school/college
For UAE graduates from UAE dental universities and colleges, the institution must be accredited by MOHESR - Ministry of Higher Education and Scientific Research. After graduation, they must take a one year proper internship program as directed.
Dentists must possess a valid practice license too. Clinical master degree or PhD with full time course duration is an added advantage. No internship or practice sessions needed in the specialization field.
What to do Next
Black Swan Business Setup Service can help you in Dental Clinic Setup in UAE. Call us today or fill up the quick contact form below to Setup dental clinic in dubai
Free Zones for industrial Setup in Oman : There are four free zones for industries in the Sultanate of Oman. Each zone focuses on the development of different business areas and investments. These zones permit all industrial activities like import of raw materials, processing, assembly and packaging, export of finished goods, storage and warehousing of products. The free zones are categorized based on the business areas they support. Select a zone based on your trade and business requirements. Listed below are the 4 free zones in Oman.
Al Mazunah Free Zone
Al Mazunah free zone is located near the Yemen border. This makes it a gateway to enter into the Republic of Yemen and East African countries, from the Gulf. This zone was established in 1999 and is a center for commercial, industrial and service sectors.
Salalah Free Zone
This zone is known for its low cost of labor, utilities, and infrastructure. It provides solutions to businesses that want to expand into the Middle East, Africa Southern Europe, and Asia.
Sohar Free Zone
This zone is one of the world’s fastest-growing ports. It is around 4500-hectare deep-sea port and deals with close to US $26 billion. This port is expected to take control of handling Oman’s National Food Reserve.
Duqm SEZ
Duqm SEZ (Special Economic Zone) is soon to become one of the biggest economic zones, covering an area of close to 1745 square kilometers. This zone is further divided into 8 sub-zones to accommodate different types of investments such as industries, sea-port, dry-dock, tourism, fisheries to name a few.
Now, let us look into the advantages of setting up a business in Oman.
Contact Black Swan for Free Zone Company Setup in OmanYou will also be interested on:
Dubai offers a vast range of opportunities for venture capitalists that are looking for a good platform to showcase their ideas and heighten their business. If you are in search of a platform to enlarge your business, then blind choose Dubai Mainland for the branch office setup. Do read to know more and more about incorporating a branch office in Dubai!
Professional establishment
Professional firms are also called as Civil Company, which are committed to a particular line of work to bring about the professional execution and practice associated with their domain. Dissimilar to LLC like firms, there are no restrictions of shareholding 51% of share.
LLC – Limited Liability Company
One of the most active and common types of business bodies are LLCs. This form of business bodies can infuse from a minimum of two capitalist shares to a maximum share of 50 members. Depending upon the individual share of partners, the percentage of liability changes.
Representative body
Foreign investors can establish a representative office in UAE with no shareholder appearance of shareholder. These kinds of official bodies never involve in operational activity but are completely made of research and marketing promotions.
Public Shareholding Firm
Companies that carry out finance, banking, insurance, public shareholdings are called Public shareholding firms or companies. The capital of minimum 2.725 million USD should be invested to process the firm and are only for big capital projects.
The company formation in Oman is suitable for business people seeking to indulge in trade activities in the most dynamic nations of the Middle East. The economy depends on oil resources that have been fast declining. Due to this, a new development plan is created where Tourism and Gas based sectors have now become a part of the diversification strategy.
Being the third-largest nation of the Arabian Peninsula, it boasts of being one of the most developed territories of the region. This has political as well as social stability.
The business-friendly government in Oman focuses on economic development and foreign capital has been encouraged. This is strategically located on the Musandam Peninsula as it gains the advantage with the Indian Ocean Trade. Today this country is a vital world transit point for crude oil.
BASIC NEEDS TO OPEN A COMPANY
A minimum of 2 Shareholders.
A minimum of 1 Director (of any nationality).
A Registered Office Address.
A minimum capital requirement of OMR 50,000.
DOCUMENTS NEEDED
An Identity Card or a copy of the passport of the Shareholders.
An Identity Card or the copy of the passport of all authorised signatories.
Names and the signature of the authorised signatories has to be produced on an approved authorised signatory form.
The standard company registration forms.
Must have the certificate of Initial capital deposit in the bank.
The Company Statues.
Must hold the Chamber of Commerce and Industry affiliation certificate.
Register a Company in Oman with 100% Foreign Ownership
PRO Service : The economic hub of the Middle East, UAE is definitely one of the best destinations in the world to start a business. The extensive paperwork involved in this process can be difficult to deal with for most entrepreneurs.
In UAE, large scale companies hire Public Relations Officers (PROs) to handle the Governmental paperwork. Small businesses can outsource PRO services to a specialist local company who is an expert in documentation in UAE. It is a cost effective and stress-free way to complete the paperwork, leaving you to focus on your business.
Let’s check out the benefits of outsourcing PRO services
Stress Free
You can reduce the stress of dealing with submitting legal documents to various state and local agencies for Free zone, mainland or offshore company formation in UAE. To start a business here entrepreneurs also need to arrange visas, ID cards and UAE driving licences, police clearance and power of attorney, and various registrations. If you outsource all these process formalities to an Arabic-speaking, locally connected PRO service specialist highly experienced in dealing with government entities you can rest assured and get peace of mind.
Get Visas arranged for you and Dependents
A PRO service can make it easy for obtaining or renewing Visas for you and dependents. Dependents’ visas need a lot of documentation and many trips to government offices and clinics. It can be quite overwhelming but a PRO service can ensure all of the applications and logistics are taken care of on time.
Our Visa services include:
Sponsorship of the dependents’ visas
Entry permits
Status adjustment
Medical fitness tests
Emirates ID registration
Visa stamping
Legal expertise on Demand
When it comes to business start-up in UAE, it’s vital that you fully understand every legal document involved. You’ll need Arabic-speaking experts to translate and attest your legal documents. This can provide clarity and reassurance that you are adhering to government regulations and also help you avoid mistakes in interpretation of legal jargon.
Document Support
Outsourcing brings down the stress of arranging legal requirements like the Emirates ID card, licenses, Police clearance certificate and Power of attorney.
Easy access to business support services
Our PRO specialists can help you get speedy access to the Chamber of Commerce membership and other local services like courier services for important documents.
PRO Service in Dubai @ Affordable Cost
Any 40 Jobs in a Year !
These jobs included & are not limited to :
Visa Application
Visa Cancellation
License Renewal
Address Change
Notarization
WPS Insurance
Translation Service
Memorandum Amendment
Government Approvals
Medical/EID Assistance
Bank Account Attestation
Employee Insurance
Document Attestation
Import Export Code
Setting up your own business is very easy. Get in touch with us at Black Swan BSS to know more.
To incorporate your company in the UAE mainland is easy and profitable. The drawback is not to get unnoticed with the lack of complete ownership. People who want to establish a business in the UAE mainland are aware of laws that prohibit full-foreign ownership. The expat can't set up a business in the UAE mainland without a local sponsor. As of now, it seems that things have changed.
The UAE government has planned to give complete ownership to foreign nationals. You can no longer rely on local sponsors to begin your own company.
The background
The Foreign Direct Investment Law, Decree-Law No.19 of 2018, got issued and published in Q4 2018, relaxes the tight restrictions on foreign ownership. This grants 100% ownership of mainland UAE companies of specific sectors. The list of activities are open to allow 100% foreign ownership called the Positive List. On the contrary, negative lists have activities that would not open to foreign ownership.
The Positive List Inclusion
Positive list has activities that include requirements and shares capital requirements for each sector under categories like industrial, agriculture and service sector. There are 122 activities approved under each industry to become eligible for 100% Foreign Investor Ownership, the initiative opening opportunities for Foreign Investors to enter the UAE Mainland market.
List of Activities has:
The administrative and support services.
Agriculture.
Art and entertainment.
The Construction.
The educational activities.
Healthcare.
The Hospitality and food services.
Information and communication.
The Manufacturing.
The Professional, scientific and technical activities.
Renewable energy.
Space transport and storage.
The requirements and criteria for 100% ownership
Few conditions are met to get advantage of full-foreign ownership
Requirements of share capital
Based on business activity and industry, share capital requirements vary between 2 and 100 million AED. Industries related to hospital activities need a share capital of 100 million AED. Industries like manufacturing and share capital requirements change depending on the type of manufacturing activity. For instance, the manufacture of sports equipment needs 3 million share capital, and the manufacture of machinery equipment needs 100 million AED share capital.
The conditions
Few conditions must be satisfied by the foreign investor that varies upon the activity. The below-mentioned terms are to be met:
The use of new technology.
The recognition of a high added value.
Contributing to Research and development.
Meeting the needs of UAE Licensing entities.
The 100% foreign ownership in mainland identification of a high added value.
Contributing to Research and Development.
Meeting the needs of the UAE licensing entities.
The application for Full-Foreign Ownership includes:
Inclusion of FDI projects in the Positive List
Procedure for applying the complete ownership is by selecting the business activity in positive list and legal form (Private Joint Stock Company or Limited Liability Company). The FDI capital must not be less than minimum requirements.
Submission of FDI license application for approval.
Reservation of business name.
Get approvals of entities related to FDI company activity.
Get permission and receive FDI license after paying fees.
The opening of a bank account on behalf of the company.
The registration of License with the Ministry of Economy.
The FDI license applications of sectors have a maximum period of five working days to get approved.
Existing company changes to an FDI company
The transformation of an existing company to an FDI company with a mainland UAE LLC or private joint-stock company.
Project License not in the Positive List
Apply for the project license even if it is not under the positive list, for instance, sectors like real estate activities, retail, F&B and hotels. The foreign investor must submit their application to the Competent Authority of FDI. When sent to the FDI committee for consideration, the recommendation will be forwarded to the UAE Cabinet.
The application procedure is transparent in Dubai with the FDI handling applications in tandem with the Ministry of Economic and the Department of Economic Development.
To set up a full foreign ownership business at Dubai Mainland, or to have an existing company in UAE mainland, apply for the 100% ownership. We at blackswan would assist you with the eligibility of the process and steps as needed.
To maintain an accurate financial record of your business you must have a separate bank account to manage the funds. The corporate bank account must be used for tracking the money that is to be paid for creditors, to manage the cash balance, create profit and loss statements of the funds owed to the business and payrolls to pay the employees. These activities keep a track where all businesses need a separate bank account and an accounts department to guide you through the tedious process. Proper financial documentation files for your taxes and can apply for loans in the long run.
Usually, banks treat business accounts differently than personal accounts as they offer several benefits to open a business or a corporate account in their branch due to the high volume of money transactions happening. It is a mutually beneficial deal why banks nominate an employee from within for managing the business account. It doesn't mean that without him you will not be able to operate the account.When having a nominated person from the bank help you bypass the tedious procedures.
You have to identify which bank account you need to open your business account in, this could be based on the rate of interest and profit offered by the bank. You have to consult a financial advisor or contact an agency for proper information.
The importance of business account
When you have a dedicated account you can make payments or receive them. You would develop a good credit history when going for new investment opportunities or apply for loans at good rates.
The need to track expenses
When your business scales, it is difficult to manage your expenses and keep a track of it. The financial team can give limited access to the account that could be the wise decision to have an official record. This can be tracked from home with the bank's mobile application. This enables you to keep top of your finances without getting into too many details of the expenses.
Have the Cash Flow
When tracking the expenses, the cash flow makes you understand the ins and outs of the money that is maintained in the business account. This makes better business decisions to give a clear outlook on how much the expense, net income and profit happens. The records are obtained quarterly, monthly, annually or bi-yearly. It makes the business owners take full control of cash without understanding the depths of the finance.
Calculate the Tax
You can ask the business owner who has not maintained a good financial record, they will tell you filing the tax would be ten times harder. When you have a good financial team through the business account you can calculate the tax liabilities and maintain transparency to tax-related matters.
The Business Loan
Banks look at the financial background of organizations to apply for loans and when you have an account perfectly maintained and filed the taxes it becomes easier to successfully apply for the loan application. Banks have strict regulations where they can meet everything that is maintained with transparency.
Pay through card
Having a bank account accepting global payments could be a useful thing. You can be promoted as you have received a payment successfully without having to leave the comfort of your home or office. The corporate or business account has been highly underrated.
The Professional Approach
To create a brand image you must have a corporate account as a customer or client to make payments in the official name of the organisation rather than the owner's account. This reinforces the professional approach and adds brand value.
Precise at the Book Keeping
When you choose for the personal account to be linked with your business you will have trouble between personal and business payments. This leads you to make a mistake on bank statements of payment confirmations. It is good to keep your personal and business accounts separate to help you with everything.
To open a business or a corporate account
You have to identify which business account you like to open depending on your business model and payment structure. This can be either merchant service, savings account, checking account or credit card account. The higher the business transactions are the more incentives you obtain from the parent bank.
Benefits of opening a business or a corporate account in the United Arab Emirates
The personal and business-related funds are kept separate to allow the protection of the personal liability.
Customers can deposit money directly to your bank account so you can monitor online.
Nominate the employee who is legally allowed to handle the financial matters and track anytime you want.
Credit-card accounts guide you in making start-up purchases.
The organizations based on credit can purchase new equipment by not paying the money upfront.
The United Arab Emirates offers competitive interest rates in the region. This slightly differs for Islamic Banking.
The Corporate or Business account would make international remittances.
Based on UAE Dirham you can open the account in the desired global currency.
The banks for business accounts in United Arab Emirates
Several UAE banks offer the opportunity to open a Business Account. The following banks are best in business and are primarily considered:
The Bank Name
Minimum Deposit
Abu Dhabi Islamic Bank
5,000 AED
Dubai Islamic Bank
5,000 AED
RAK Bank
25,000 AED
Mashreq Bank
50,000 AED
Commercial Bank of Dubai
15,000 AED
These banks offer competitive interest rates, option of selecting multiple currencies, the check book facility, e-statements, free debit card and more.When you are looking for additional answers contact us and we give you the best decision for your business progression.
Documents Needed for Business Bank Account
Banking sector in the United Arab Emirates is reliable as they complete their due diligence by screening the applications to open a business bank account. Though it can be a long process as granted what is at stake, this is completely understandable why the process can take time.
Few requirements to fulfill when you are opening a corporate bank account in Dubai
The category
Documents
Address and Identity Proof
The copy of shareholders.
Copies of directors valid passport and shareholders.
The residence visa of all shareholder representatives.
Documents Needed for Business
The disclosure of funds source.
The business plan.
Certificate of Incorporation.
The registry of shareholders.
Certificate of good standing.
The existing contracts.
Potential clients list.
The official company extract.
Extra Documents
Reference letter of the business partners.
Information related to the business activities.
These basic documents are needed where the bank's reserve the right for asking extra information like updated CVs of shareholders and nominated directors.
The bank will ask for bank statements from one or more partners. To complete the registration process, you need all the required documents to be submitted to the bank for verification purposes.
The bank needs business to maintain a minimum amount of money within the account on a daily basis.
Few banks need businesses to have savings and checking accounts.
Why Black Swan
Black Swan consultancy gives you the best services and guides you through all procedures. The company makes aware of all challenges that every entrepreneur faces in the United Arab Emirates. We have qualified professionals to guide you from steps like company establishment to apply for different licenses to get your business off the ground.
You can contact us for more information and we are happy to guide you related to Bank Account Opening.
Trademark registration processes differ in all countries. To register a trademark in UAE, the first thing one needs to know is what does not belong in the trademark category before going through the hassle of the entire process. Trademarks cannot include any religious symbols, any offence to religions, other public symbols, direct translations of an existing trademark, and names of any third parties in the trademark itself.
Research
The first step is to ensure the trademark that is going to be registered is not in use by another company. One has to carefully scour the internet for existing trademarks that might match by using trademark researching tools . If no match is found, one can move on to the next step.
Documents Required
Trademark Logo of the company
Proof of Trade License
Power of Attorney
Copy of Passport
A list consisting of items that will be protected
Priority Document
Contact Details
Other (Depending on the case of your trademark requirement)
Payment of Fees
Upon finishing and submitting the application, one has to pay a fee of for the trademark registration. This fee is exclusive of any legal fee that one might have to pay.
Approval of Application
Needless to say, the application must be filled precisely and with careful consideration. Any misinformation or lack of clarity can get the application rejected. However, one can appeal to modify their application. The approval process can take up to 30 days.
Publishing in Newspapers
Once the approval is done, The Ministry of Economy needs to be further paid a significant sum if one wants their trademark published in the Official Trademark Journal. Getting the trademark published in two local Arabic language newspapers in mandatory, and wait for 30 days to see there are no objections to the trademark.
Certified!
If there are no objections, one will get the certificate of trademark registration. It will be valid for 10 years.
You will have this Question in Mind when it Comes to Business Setup or Company Formation, That’s why we created a Business Setup Cost Calculator for you. It’s for free. It takes less than 25 seconds.
Setting up your own business is very easy. Get in touch with us at Black Swan BSS to know more.
English
Arabic
Chinese (Simplified)
Dutch
Esperanto
Filipino
French
German
Greek
Hindi
Italian
Korean
Portuguese
Russian
Spanish