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Professional License Activities in Dubai - UAE
Categories Business Setup

Professional License Activities in Dubai – UAE

Professional License Activities in Dubai - UAE: Individuals who plan to run a business or commercial activity in Dubai has to acquire a license. Dubai's, The Department of Economic Development (DED) has a well-administered system that separates the various sectors of licensing categories. This enables better opportunities at the constructive and regulatory facilities. The need occurs to choose the right type of license for your type of business in Dubai. Professional (The term professional indicates companies or individuals with trained skills) companies being set up in Dubai needs a professional license.
The list of individuals who require a professional license in Dubai are,
  • Lawyers and Legal Advisors
  • Accountants, Auditors, and Financial Advisors
  • Accounting and Auditing Companies
  • Architectural Consultants
  • Advertising professionals and Entertainment Artists
  • Business Consultants
  • Technical Services
  • Teachers and Educational Professors
  • Health and Medical Services
  • Medical Representatives
  • Carpentry and Artisan Activities
  • Consultancy Services
  • Information Technology Services
  • Printing and Publishing
  • Internet and Web Design Services
  • Management Consultancy
  • Beauty Salons
Listed above are some of the common professional activities that require a professional license in Dubai. One can get the complete list of activities that require a professional license from the office or website of the Department of Economic Development (DED). Even then it is always better to consult a business consultant or a business set up a company to get information about all the details minutely and to select a business license that suits you best.

Business activities carried out under professional license

  • Medical services
  • Document clearing
  • Beauty salons
  • Computer graphic design
  • Printing & publishing
  • Consultancy
  • Security services
  • Artisanship
  • Other noncommercial activities

100% ownership

A professional license in Dubai keeps you the sole owner of the company, i.e. you are allowed 100% ownership of the company. A professional license also allows other benefits to the license holders. In the case of trading companies, you are allowed only 49% of the shares while the majority 51% is vested with the partner (UAE national). But in the case of professional companies, 100% ownership lies with the owner in accordance with an agreement with a local service agent.

Benefits and Advantages of Professional License

  • 100% foreign ownership
  • Wide range of activities to choose from
  • Cost-effective
  • Flexible market
  • Wide range of client to engage with
  • Renewal of professional license at an affordable cost
  • No additional income tax or corporate taxes on your profit
  • Wide range of choices for choosing the type of company you want to establish
  • Protected business engagements with the Department of Economic Development

How much does it cost?

The total cost of a professional license depends on the different categories of a fee that requires to be paid by a license holder.
  • Professional license fee
  • Service agent fee
  • Trade name fees
  • Security deposit (different for individual license holder and civil company)
  • Market fee (according to tenancy amount)
  • Others
You will be interested on:  Professional License in Dubai

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Categories Business Setup

Agency for Registering Trademark in Dubai

Agency for Registering Trademark in Dubai: Having an extremely lucrative idea is rare. You’d want to protect the idea and your prospective business venture by registering a trademark to prevent anyone from replicating the same and going ahead before you. You get a trademark on something you think is unique and no one has thought of yet. But you must conduct proper research before you propose to file for one. It could be a name, sign, picture, signature, colour, word, slogan, software, application, website, shape, or combination of any of these or even a brand name to identify your business. It is quite difficult to take care of this on your own because it has several legal details that might be out of a layman’s understanding. To avoid any repercussions in the future, it is best to take help from someone who has the expertise and knowledge of the field. That is why there are agencies in place that provide services to register a trademark for your brand or business. The trademark registration agencies can help remind you that your trademark is a valuable asset and it can be sold, licensed or franchised amidst protecting your business identity, make sure you don’t use anything that similar to someone else’s brand, and prevents from your product or service being confused as a sister brand or with a brand that has a bad reputation. The agencies go ahead and ask for several documents to get started:
  • Trademark Logo of the company (JPEG)
  • Proof of Trade License
  • Power of Attorney in favour of the agency handling the procedure
  • Copy of Passport with Visa Page of the Managing Director
  • A list consisting of items that will be protected
  • Priority Document
  • Contact Details
  • Other (Depending on the case of your trademark requirement)
  • A Notarized No Objection Certificate from Partners
Other than the regular fees (includes filing fees, publication in the trademark journal, Publications in two Arabic newspapers and Registration fee), there is a professional fee charged by the agency who has taken up the duty to do the trademark registration for you. Soon, after all the procedures, if there are no objections, one will get the certificate of trademark registration. It will be valid for 10 years.

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The Do's and Don't's of Doing Business in Dubai
Categories Business Setup

The Do’s and Don’t’s of Doing Business in Dubai

The Do's and Don't's of Doing Business in Dubai: You know how to set up a business in Dubai and now it is time to learn the do’s and dont’s of setting up and doing business in Dubai.

Do’s

Get a local sponsor
You will need a local sponsor to invest in your company if you want to get a license to start a company in Dubai.
Choose your license carefully
There are different types of licenses for different businesses. Check the ones that apply to your businesses.
Research
Many businesses require additional permissions from other departments. You should do a lot of research about your business in Dubai, check its viability, research about the location and about the culture of the people.
Hire a business consultant
All the processes look straightforward and easy on paper. If everything goes right you will get registration for your business in 4 weeks max. But if you are not sure, you should hire a business consultant who will help you figure it all out and get your business setup in Dubai.
Be patient
Patience is a virtue. You will need it in abundance to do business in Dubai. People might not turn up on time, negotiations may take longer than expected. You should be prepared to handle different scenarios.
Learn the culture and join groups
Meet people, make an effort to learn a few words in Arabic. People will be quick to appreciate you.
Be casual and develop close relations with the people
Be friendly and develop a rapport with the community of peers in Dubai. That part of the business world is still heavily influenced by word of the mouth referrals and the social mixers can be a great way to get your business advertised.

Don’ts

Don’t rely on verbal agreements
Verbal agreements are not binding. Once you find a local sponsor make sure you make an agreement stating your terms and get it notarized.
Don’t boast about your self
Humility says a lot about a person. Dubai is chock full of successful people and the people don’t especially care for boasting.
Don’t be late
Even though people may turn up late, meetings may run late or there will be all sorts of delays, make sure you are always on time.
Don’t talk about religions or sensitive topics
Avoid talking about topics that can hurt the sentiment of people. It does not help and alienates people.

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Why Companies are being Liquidated in Dubai
Categories Business Setup, dubai, News

Why Companies are being Liquidated in Dubai

Why Companies are being Liquidated in Dubai: While there lie a large number of opportunities in the booming Dubai, there are some companies that are forced into liquidation. It is because of some financial and legal reasons, or because of inadequate planning or some bad choices. In such cases, companies have to undergo a compulsory liquidation. Whereas, sometimes the company board comes to a mutual consensus and conducts a voluntary liquidation. It is important to thoroughly do market research and see what you’re getting into before you start a business so you aren’t at the brink of liquidation. Reasons for liquidation also include not being able to fun day-to-day business activities and it is best to see those signs much beforehand and prevent the actual process. Here below are some logistic reasons why a business needs to be liquidated. An understanding of this will help you stay on par with your business situation.

Location Matters

The location of your business should be strategic, depending on who you want your market to be and where you want to function. With restrictions on operating in the free zone or mainland, one must choose the location with great detail to avoid any mess.

Planning Right

The planning process begins even before the incorporation. Staying ahead of yourself will help ensure you’re making the right decisions. Impulsive decision making without careful thought can put your business in a situation where you have no option but to liquidate.

Competent Workforce

The business owner himself cannot handle all the operations of the company, hence there is a need to hire a workforce. But now, he is also responsible and liable for the actions of the workforce and any damage or faltering from their part could do huge damage to the business. Therefore, while hiring it is important that you vet the potential candidate and remind him/her of the tasks and the gravity of it that they’ll be undertaking.

Skills of the Owner

While it may be important to hire a good, competent and knowledgeable staff, it is also important that the owner is skilled enough. Having financial, managerial and entrepreneurial skills are important. He/she should be able to take on any responsibility and notice mistakes made and have good eye for detail, overseeing all tasks.

Flow of Capital

Sometimes, business expenditure may exceed your expectations and you need more than you anticipated to keep business operations going. So you either have a reliable line of credit or stashed capital to take out for your operations. If the company goes into debt, it is required to be liquidated.

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Top 7 Business Opportunities in Oman
Categories Business Setup, Oman

Top 7 Business Opportunities in Oman

Top 7 Business Opportunities in Oman: Oman has a high index on the free state for investment. Strategically located, Oman can be a link to routes between Asia and Africa. It is also a gateway to the Arab world. These factors, along with a progressive economy and investor-friendly business environment, Oman is the optimal choice to start a new business. Under the Oman vision 2040, many industries are booming with new opportunities.

Travel and Tourism

Oman is a beautiful country, with beaches and deserts. It is also one of the safest and friendliest countries for travel, especially for women. The tourism industry is booming and despite small setbacks in uncertain times, it has great potential and is a very profitable business in the long run. It is a low-cost investment opportunity.

Manufacturing

Oman is a top importer for many products. Now, they want to manufacture products in their country rather than importing it, reducing dependency on oil exports. Investors are actively encouraged to invest in the manufacturing industry of Oman.

Technology

Oman looks to improve on the digital technology front and with a 2030 digital vision plan and Oman tech fund to invest. Oman has opportunities for technology-based startups that have a clear vision and plan.

Logistics

Transportation and Logistics have been identified as a potential substantial contributor to the GDP. As such, the Oman government is taking steps to provide global facilities, extensive roadway and railways system and connect for faster logistics solutions. You can tap this market for your new business.

Mining

With Oman’s focus on oil, other rich resources like gold, silver, nickel, zinc and other minerals have been left untapped. The government is offering great opportunities in mining various natural resources. They want investors with exploration expertise, processing technology and other related opportunities.

Restaurants and bar

Restaurants are a sound investment in Oman. Opening a restaurant that serves different cuisine are all welcome. It is a good business opportunity with good ROI. Also, alcohol consumption is legal only in licensed places like hotels, restaurants and bar in Oman. If you serve alcohol in your restaurant, you have a better chance of making money.

Retail shop

Set up a retail shop, popular choices are electronics and home appliances, and perfume stores. Deal in commodities that are very popular with the local consumer and set up your business in a great location. You will also be interested on:

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Register your LLC Company in Dubai
Categories Business Setup

Register your LLC Company in Dubai

Register your LLC Company in Dubai: Getting your registered business in Dubai is an important step in establishing your company in Dubai. Registration in the Dubai mainland is a more complicated process than in a free zone but has a lot more benefits depending upon the business. A Limited Liability Company (LLC) licence is given for many industrial and commercial business activities. Company formation as LLC means that the UAE shareholder should own 51% of your company. The number of shareholders can go up to 50 for a Limited Liability Company. There is no minimum cap on capital investment. The process of getting your business registered in Dubai is easy provided you know which departments should issue your documentation. You can also hire up to 5 managers who may not be UAE nationals.

What are the benefits of registering your company in Dubai?

  • A lot of business benefits are offered when you register your company in Dubai.
  • The list of businesses you can choose from the DED list is long, and the opportunities are many.
  • There is less hassle in hiring staff and visa quota.
  • The investor(s) will get a visa and the eligibility to sponsor a visa for the family.
  • Expand and open more branches in the Dubai mainland.
  • Credibility is higher- fewer problems in opening a corporate bank account.
  • Eligibility to apply for government tender and contracts.
  • The company can purchase real-estate in Dubai.
  • Trade freely in the local UAE markets.
  • Imported goods are exempt from customs duty.

Cost of registration for LLC in Dubai

The cost of registration varies for mainland, free zone, and for branches. You will need a trading licence. The most expensive part of setting up an LLC is the office space rent. According to the popularity of the location, it can be on the higher side of your expectation. Try to negotiate a contract for a period like 1-year instead of the monthly rent. You can also choose a less popular location to keep your costs low. The rates vary for general trading companies and industrial trading companies. You have to shell out extra for getting a foreign name, and if you are trading in items that require permissions from other departments. Hire a consultant to get clear information and easy route to get your business registered in Dubai.

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How to set up a Boutique Business or a Shop in Dubai
Categories BOUTIQUE BUSINESS, Business Setup, Startup, Tips

How to set up a Boutique Business or a Shop in Dubai

Dubai, the fashion hub in the Middle East hosts several shopping festivals around the year. With more & more people getting fashion conscious, setting up a boutique business or a retail shop in Dubai can be a great business idea.
To open a shop in Dubai, the Department of Economic Development DED has a well-defined process.

Requirements Boutique Shop/Business

Getting local support - After you have organised your business plan to set up your boutique in Dubai try to rope in a UAE national to support the business plan. It is mandatory in Dubai as well as other parts of UAE, to start a business with a UAE local partner, who owns not less than 51% share in the company. This is effective unless you sign an investors protected contract or start a business in a freezone. Business License and Registration - Apply to the DED to get permissions to open a shop in Dubai under a mainland jurisdiction. Business Jurisdiction - You may need to follow a proper shareholding structure as all retail or boutique shops are also scrutinized on the terms of jurisdiction. Rent Shop premises - Find the right location to rent for your shop. For this you need permissions from Dubai Municipality and the related bodies. Paper work & PRO - Much paperwork is required for, certification, visas and permissions from various entities considering the shareholding structure and the jurisdiction of your boutique business. Be it for a branded and high-end fashion clothes or regular garments boutique, you need to fulfill the DED criteria.

The process of Starting Boutique in Dubai

  1. Submit copies of your passport and visit visa. Read more 

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Dubai Business Visa Details
Categories Business Setup

Dubai Business Visa Details

Dubai Business Visa Details: Business people looking for exploring and starting a new business in Dubai or any other city in the UAE can apply for a business visa to visit the country. You can use this time in the country to work upon your business and arrange for setting up your business.

Who are eligible to get a business visa?

Anyone with demonstrated experience of setting up a business can apply and get a business visa. You can have experience as a major shareholder of any start-up or at least be a part of its senior leadership team. You should be willing to relocate to the UAE to conduct your business. You should have a good business idea to implement in Dubai or any of the seven emirates. Apart from this, you should clear health assessment and pass a stringent background check.

How to apply for a business visa for Dubai?

Applying for the visa does not mean that you will automatically get your business visa. A committee analyses all your applications and supporting documents and only after much deliberation will your visa be approved. Once you get the approval you can follow the steps to get the visa. But before that, your name will have to be nominated by your sponsor. The sponsor will be a shareholder in your business. Followed by the invitation, you have to log in to the concerned website of the Federal Authority for identity and citizenship. Upload the required documents to be verified by the authorities and complete your application.

What to do after you get the visa?

When your nomination is approved, you will have to go to the federal authority website and complete the process. You will get a mail with further instructions. You will get a six-month multiple-entry temporary visa at first. You can use this visa to enter the UAE and work on setting up your business operations. You can get your business visa converted into a residency permit before the expiry of the visa when you settle down in the country.

What are the benefits of applying for a business visa?

As a business visa holder, you can easily get a residency permit. You can sponsor your dependents to move to Dubai. Depending upon the visa and dependents, you may also get a visa for domestic help. Additionally, you can nominate a maximum of three senior staff to get residency. Blackswan Business Setup Services can help you in Business Visa services in UAE

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Categories Business, Business Setup, company, dubai, Video

Setup your Company and Bank Account in Dubai | UAE

Are you planning to set up a company and bank account (corporate or personal) in Dubai? From starting your company and getting amazing office location to getting you a local service agent (if sponsor required). Get amazing packages from start to finish. Contact Mr. Anish at +971 52 207 9968 , Email : anish@blackswanbss.com Check the full video: https://youtu.be/hlDHyjONQSY Get free consultation today!! 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
Categories Business, Business Setup, dubai

How to Setup your Business in Dubai?

Setup you business in Dubai Today ! Black Swan is a one stop shop for all your business needs. Get free consultation Call or WhatsApp +971-52 244 7732 / +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
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