Business Setup Archives - Page 6 of 26

Company Formation & Business Setup in Oman

22Feb2022

Business, Business Setup, company, company formation, Oman

Company Formation & Business Setup in Oman

Everyone needs a successful business and for starting a successful business a person should select an appropriate location. Now Oman is an appropriate Hub for companies who are planning to start an overseas company from any part of the world. Oman, also known as the Sultanate of Oman, is a strategically landing place for growing business. Oman is one of the top growing GCC nations and a place with plenty of domestic & international business opportunities. The Omani Government has taken multiple insatives & steps to make foregin companies & investors be a part of Oman’s developing economy. Multiple steps have been taken to attract Investors to Oman. If you are planning to divert your business to an international level, Oman is the right place. You will be reading on how you can setup or incorporate your business in Oman and also you can see different business structures to incorporate your business in oman.

Why should you Start a Business in Oman?

You can find a great transformation in Omans Social & Economic in past few years, attracting investors to invest for business in Oman. As we know oman receives a good revenue from oil and oil product related business which runs the economy to a great extend. We can also see that tourism business is emerging in Oman and all related businesses are emerging. Oman has developed several free zones to increase industrial related business and also to attract foreign investors, various companies are emerging beyond the oil industry. The free trade zones in Oman are located in Al Mazunah, Sohar, Salalah, and Duqm SEZ favouring the Logistic facility by Sea, Road & Air. In Oman Free Zone one card setup Industries which allow it to perform manufacturing, import & export, warehousing & storage, and manufacturing.

Types of Business Entities in Oman for Company Incorporation

The location of Oman is well-suited for the following business structures & Entities :

Sole Proprietorship Company in Oman

A sole proprietorship is a one-person company which can be opened with a single sole director and limited or no minimum paid-up share capital requirements. A proprietorship company is the most commonly used entity for foreigners planning to start or setup business in Oman via a simple corporate structure.

Joint Stock Company in Oman

With a minimum of three shareholders a joint-stock company can be formed in Oman. Joint-stock companies can be private or public. These companies can be incorporated by businesses who would like to be involved in large investment of funds or raising capital.

Limited Liability Company in Oman

An LLC company can have an Omani, GCC or USA shareholder. An Omani LLC is the commonly used entity for foreigners who are willing to register business in Oman

Joint Venture

A Joint Venture is an internal mutual agreement between two or more parties whereby one party can perform business in his/her personal name while the profits/losses of the business are shared. A Join venture company is not a legal entity and therefore Joint Venture Companies does not require any form of registration with, nor has protection from, the local authorities.

Holding Company

A holding company is an entity that owns at least 51% of the shares in one or more joint-stock or limited liability companies.

What are the Benefits of Business Setup in Oman

The good news is that the foregin investors have a great opportunity to invest in Oman and set up business. You will have several reasons to start a business in Oman. Given below are benefits of Company incorporation in Oman:

A strategic business location to do any business
Availability of natural resources within oman
Fast developing economy for growing business
Government support to boost new business & startups
You will have No personal tax
Exemptions Available in Oman
Oman Emerging business in the non-oil sector
Oman developing in tourism sector
Business-Friendly Relations with Neighboring Countries
World-class infrastructure globally ranked ports, airports, roads.
Tallent Pool with strong hold on Research and Development

How can you Start a Business in Oman?

Just like the UAE & other GCC countries, the Oman company incorporation process requires a list of steps. Before having an overview of the company setup process, let's discuss the company registration process in Oman.

Oman Company Registration Process

During Oman company registration process the business entity is given a physical platform to run or setup business. To start the business setup process, there are few steps that need to be followed strictly Now you can continue reading the steps related to the company incorporation and also the post incorporation process that has to be followed once you have decided to open a company in Oman.

Company Incorporation Process in Oman

Selection of Unique Trade Name in Oman

A trade name selected should be unique and related to the business. Decide the name which best matches your business / product or service which you are offering and submit the application to the Ministry of Commerce and Industry (MCI).

Documents to be submitted for Oman Company Incorporation

In the initial stage all the below documents are to be submitted for initiating the company registration process in oman. The essential documents required for oman company registration are:

Memorandum and Articles of Association
Shareholders’ Visas and Passports
Tax Registration Certificate
Identity Card of Shareholders
Certificate of Initial Deposit
Filed Company Registration Form
Chamber of Commerce and Industry Affiliation Certificate

Corporate bank Account Opening

Once all the incorporation documents have been submitted, a capital corporate bank account needs to be opened to deposit the initial incorporation fee.

Register with Oman Chamber of Commerce

Its to be registered with the Oman Chamber of Commerce and Industry (OCCI) for all compliance with the Oman commercial rules and regulation required of a corporation in Oman.

Register the Business in Oman

Legalized Opening Forms
Municipality Approval
Share Capital Certificate

Post Company Incorporation Process in Oman

Apply for Visa

Now its time to apply for a Visa for all employees soon after the incorporation process is over. You can contact a company incorporation expert or a visa consult

Employee Registration

The employees which are hired must be acknowledged as a part of the business entity and for which registration of the employees under the company name is to be done.

Conversion of Bank Account

The business capital bank account should to be converted to the current account so as to ease the business transactions successfully.

Business Setup Services in Oman

Black Swan brings to you with flexible & affordable business setup solution package which includes:

Company Incorporation and Registration
Local Sponsorship
Public Relations Officer (PRO) Services
Accounting and Bookkeeping
Auditing
Tax Consulting
VAT Registration
Intellectual Property Services

Various steps are involved in Company Formation in Oman. You can Consult Black Swan if you are looking for Company Registration in Oman. You will get a full End to End Solution for Company Incorporation in Oman.

How to Setup and Start HR Consultancy Business in Dubai

14Feb2022

Business Setup, Consultancy Company, dubai, How To, uae

How to Setup & Start HR Consultancy Business in Dubai

Figure out the importance of Human Resource Consultancy business in the cosmopolitan Dubai. Like its understanding of importance it is equally essential in knowing difficult work ambience. We are sure; HR consultancy services are not a smooth road but a challenging one, which forces you to the edge to every corner. Always get good relaxation, motivation and take your energy to be more tolerant.

Set your foot in HR Consultancy

Companies truly struggle in picking out befitting candidates for the vacant roles from the busiest, influential and talented world of Dubai. Thus, HR Consultancy companies come into life. Although there are many popular HR consultancies, there is still a need for start-up HR firms to pick the best candidates for the vast industrial and business market. Be thriving and energetic because technologies, artificial intelligence and machine skilling have seen enormous growth. All the angles of HR consultation has a plethora of potential business opportunities that comprises recruitment, selection of candidates, general consultation, assigning employees, providing training, learning, employment rules, regulations and so on. Most of the HR consultancies provide basic HR assistance and general particulars. This kind of consultancy does more focus on a few areas and they possess high in depth proficiency.

Authorized services of Dubai’s HR Consultants

Recruiting process is not bounded by the United Arab Emirates Consultancy services. HR consultant firms can do different variant services of Manpower enforcement. Companies and Industrial sectors that focus on production and other product & sales complications could hold support from a third party firm for its reduced tightness of workforce management. Setting up a HR consultancy in Dubai is a wise option. You cannot simply set it up but all we need is a license to start. The list of services permitted under HR consultancy business in Dubai are, Human Resource Management – Either initiate your consultancy as a man-power sourcing recruitment firm or step into a complete consulting service provider. Any business or company that lands in Dubai views HR management service as crucial and very essential factor. Dubai, as a centric place of UAE, has properly structured labor acts and regulations that should be followed by every segment of companies. Human Resource management is thus simply managing and enforcing man power of clienteles. Planning administration and restructure – Entire re planning of administration and organizational restructure show as the needs of engaging Human Resource experts in support. Companies themselves need not to be involved in doing restructuring process. All a clientele firm need to do is handover to an HR consultation. Programmed HR objective – The employee number in a company does not only depend on its number of projects. It depends on the core focus of the company, vision and mission of the company and the plans it holds. Number of employees and potentiality of a staff enrolled in are decided by the HR consultancy. Thus, HR consultant firms in Dubai take care of objectives, resolutions and plans of the company. Auditing of HR – You are permitted to stretch your hand in HR based auditing service to your client firm when you possess Human Resource Consultancy License in Dubai. Sometimes business firms or industrial units struggle with less productions whilst having sufficient employee rates. The fundamental flaw here is irregular labor management. So, HR audits are beneficial to remove interims affecting businesses. Employee scanning and payroll management – Industries and companies concentration must be focused on its core business process. Engaging with a HR consultation relieves payment calculation, salary disbursement, interviews, and hiring employees with promising talent a company looks for. HR consulting agency in Dubai has complete approval to take care of payroll managements and performance analysis for neglecting weakness of entity.

Documents needed to apply

Description of your business duties
Ejari, called as tenant contract of office space
Brief Background of owners
Owners copy of passport
Mandatory Experience of 5 years internationally or 3 years in local market
White background taken photo of owners
Visa of shareholder – either residence or tourist visa
Minimum qualification of Bachelor’s degree in Human Resource Management
Emirati Identification proof
Family book and Passport copy of UAE’s sponsor

Process of setting up HR Consultancy

Authorities for beginning a HR service company in Dubai, UAE, impose a free and simple procedure. Make sure all the procedures are being followed and every required documents are submitted for the easy approval and possible delays of the application. There are Two kinds of HR agency licenses in Dubai. One is a license for Temporary Recruitment and the other is Brokerage license. Think and choose your required license scheme and focus on applying for the respective license in Dubai. Follow the steps provided for application of Human Resource Consultancy setup license of the United Arab Emirates. Choose your company location – Your recruitment agency can be put on in Mainland or free zone areas of Dubai. Depending on the locality you are selecting to establish your firm, procedures vary a bit. The regulatory body of government, DED – The Department of Economic Development holds responsibility for license issuance for HR consultancy start ups in Dubai Mainland. Whereas special authority of free zone business areas hold free zone HR agency license approvals. Select and Register your business name – Before dropping an application for HR consultancy, choose a proper name as per the rules and regulations by the authority of UAE. Issue every document properly under the chosen business name. Legal System – Form an appropriate legal system for your established consultancy office. Countersign your legal structure with recognized notary. After all these steps are completed in proper format and without errors, HR consultancy license comes without procrastination.

Pros of Dubai’s HR consultant license

Dreaming and establishing a HR consultancy office in Dubai to further provide services to tie up companies of Dubai is advantageous. Many kinds of business, big and small, makes UAE a best market place. Exceptional growth chances, No heavy taxes, Chances of getting numerous clients, simple establishing procedure makes Dubai an attractive place to set up HR Consultant service business.

business-setup-in-Al-Mazunah-Free-Zone-Oman

31Jan2022

Business, Business Setup, company, company formation, Oman

Business Setup / Company Formation in Al-Mazunah Free Zone Oman

Al-Mazunah free zones are located in the Dhofar region of the South-West of Oman that covers an area of 4,500,000 sqm.

Free zone of Al-Mazunah has been one of the free zones in Oman, attracting millions of expats to set up their business in Oman.

The free zone commenced in the year of 1999 and has seen top growth in the business establishment count. It attracts the business investors to deal with light industry and trading.

The Sultanate of Oman has aimed to build Oman as the investment platform to attract more business investors globally.

There is an increasing demand for investors to start various investment grounds in Oman and follow the benefits of that region.

Investment Opportunities In Al-Mazunah

Al-Mazunah has investment opportunities like

Commercial Sector that stores and trades cars, goods, fruits, spare parts, machine equipment and vegetables.
The Light Industrial Sector has plastic, foodstuffs, and clothes.
The Assistance Service Sector has restaurants, transport, translation office, distribution and clearing, fax and printing.

If you're an investor or businessman, who looks to expand your business in the same industry, you can choose the Al-Mazunah Free Zone.

Benefits To Set Up A Company In Al-Mazunah

You can set up a company in Al-Mazunah Zone and have benefits like:

100% foreign ownership
A well-built communication network
Initial Tax-Free Zones
No Personal Income Tax
No minimum capital required

The nationals of Oman can work without work permits or visas.

Ways To Set Up A Company In Al-Mazunah

You must follow a few steps to start a company in Al-Mazunah. They are:

Submit Application

You'll have to submit the online application for company incorporation. Some details are fetched from the Al-Mazunah Free Zone website. If submitted, the officials can review the same.

After reviewing, you'll have to get the business entity registered with the Chamber of Commerce in Al-Mazunah.

If registered with COC, you'll get the entry registered at Municipality and receive their certificate. Few essentials has to be provided like:

Letter of Intent
Detailed Business Plan
Company Profile
Company Registration Document
Company’s Financial Report
Tenancy
Industrial and Environmental Approval
Industry Production
Chamber Of Commerce Membership

Benefits Of Al-Mazunah Free Zone

Green parking Zones
Commercial Mall
Warehouses
Administrative Centers

30Jan2022

Business Setup, Free Zone

Company Registration Process in JAFZA

JAFZA was founded in 1985, from that time, it has been host to largest UAE corporations and enterprises. Above 50% of exports and over 20% of foreign investment in Dubai come from Jebel Ali Free Zone, which has a competitive market centre with tremendous significance.

Now almost 69 billion dollars in exchange is worth in Jebel Ali Free Zone. Located in the Port of Jebel Ali, JAFZA is closer to the world's largest port, linked to all seaports globally. They handle 15 million containers through 170 shipping routes every year.

Benefits Of Business Set Up In JAFZA

Setting up a company in JAFZA gives plenty of advantages to business owners. Jebel Ali Free Zone has a geographical positioning, where Al Maktoum Freight Airport and Dubai International Airport are closer, they have connections to many markets worldwide.

The single customs service links these both airports as provided by the Jebel Ali Free Zone, giving hassle-free air cargo operation. Blackswan help you in Company Registration Process in JAFZA you can just fill up the form below and request a quote.

Other Benefits Like:

Presence of business parks, fully furnished offices, showrooms, warehouses and traders market.
Zero personal income tax, corporate tax, and re-import or import duties.
Supply of electricity and availability at low cost
Repatriation of capital and profit
Can hire foreign employees
Free of VAT
No currency restrictions

JAFZA Facilities

Home to almost 7,000 companies from 150 countries over the world, Jebel Ali free zone has a wide range of facilities to their inhabitants.

Their facilities include:

On-site residence for employees living in the Jebel Ali Free Zone
Customized development solutions like flexibility of investors on flexi-desk
JAFZA One- A kind of commercial complex
Retail spaces and outlets
Business Park
Warehouses
Workstations
Showrooms
Offices

JAFZA Activity List

While setting up a company in JAFZA, they have enormous business activities and flexibility.

Some of the popular options are:

Waste Management
Project Management
Trading Activities
Freight Forwarding
Hospitality Services
Sea Cargo Service
Tobacco Trading
Ship Chartering
Consultancy
Manufacturing
Training
Transport

Blackswan help you in Company Registration Process in JAFZA you can just fill up the form below and request a quote.

JAFZA Company Set Up Process

Process of the formation of JAFZA company is easy and straightforward. You must determine the form of company to set up. The application work and documentation are dependent on the company's type. Your business can run in 10 days and all procedures can be completed.

Company Setup In JAFZA has the following types:

Free Zone Establishment

They consist of the single shareholder in Jebel Ali Free Zone. A corporation or individual can have the shareholder. They'll have a limited liability partnership where the shareholders' liability is limited to FZE.

Branch Office Of A Company in JAFZA

The branches inside JAFZA are established by companies founded outside of JAFZA with valid license and registration. Parent corporation has complete control on their branch and they'll perform the same activity.

JAFZA Free Zone Company

The Free Zone Company in Jebel Ali Free Zone has the minimum of 2 and maximum of 50 shareholders. The shareholders can be companies, individuals, or a blend of these both.

Non-Resident Offshore Company

As per the JAFZA Companies Regulations Act of 2013, an offshore company is formed by a company or an individual. They have a non-resident company with corporate legal existence.

Documents Needed For JAFZA Company Formation

Letter of undertaking of Environment Health and Safety and Application form
Current sponsors' no-obligation letter of each UAE resident shareholder
Copy and originals of passports of individual shareholders
Copy and original of passport of a selected manager

Application Form Of JAFZA Free Zone Company Set Up

Summary of project
Documents of individual shareholders
Business profile of the shareholder
Board resolution of company setup
Documents of Corporate
Branch of the Foreign Company
Official letter from the parent company to set up the branch
Notarized and Attested MOA & Articles Of Association
Attested sign of the manager specimen by the Jebel Ali Free Zone Authority
Certificate of Registration
Chamber of Commerce certificate copy

If the documents are processed, the initial permit for the company is given to you. Then you have to pick up the ready-made office from JAFZA that can fit for your company requirements. You have to get help from the business setup specialist. Leasing arrangements prepared when office space is finalized. Then on completion you will receive the office keys. Blackswan help you in Company Registration Process in JAFZA you can call us or just fill up the form below and request a quote.

License Costs Of JAFZA Free Zone

Jebel Ali Free Zone has four kinds of licenses like:

General Trading
Industrial and Trading License
Service License
Logistics License

Two types of trading and industrial licenses. It depends on the number of operations that come under a license:

Type 1: has the maximum of 7 products of the same group.

Type 2: has the maximum of 12 products from the same group.

JAFZA license depends on the license that your business applies for, different license charges are:

License AED of 8,00 as annual fees service.

Industrial and Trading License:

Type 1 - seven products of same group - AED 5,500

Type 2- twelve products of the same group - AED 9,000

Logistics License - AED 30,000

The fee for company registration is AED 10,000.

JAFZA Company Setup Cost

Overall company set up cost at Jebel Ali Free Zone is reasonable if compared to other free zones.

One time company registration fee:

Free zone company- 15,000 AED
Free zone establishment- 10,000 AED
Branch Office of the company - 5,000 AED

30Jan2022

Business Setup, Oman

Company Registration Process In Oman

The Oman mainland company is also said to be an onshore company. Business entities can conduct business activities both outside and inside of their region. The Sultanate has opportunities to establish the oman free zone and mainland companies in their arena. Let's take a look at the needs of different corporate structures.

Free Zones in Oman for Registration

Business Entities In Oman for Company Registration

Various company structures / Business Entities have been offered in Oman. You must understand the difference of structure types and models of Oman and make informed decisions based on ownership conditions, needs and requirements to setup business in Oman. Listed below re the corporate structure in Oman for company incorporation.

General Partnership
Limited Partnership
Limited Liability Company (LLC)
Joint Venture
Joint Stock Companies
Holding Company
Branch Office
Representative Office

Documents required for Oman Company Registration

Given below are the list of documents required for company registration in Oman.

Memorandum of Association
Articles of Association
Information of Shareholders and Visas
Tax Registration Certificate
Identity Card of Shareholders
Certificate of Initial Deposit
Filed Company Registration Form
Industry Affiliation & Chamber of Commerce Certificate

Steps to Register your Business in Oman

Fix a name for your company
Do an initial deposit, after their approval
Apply to get a business license
Submission of documents to the Tax branch of the Finance Ministry
Get a Municipality license
Register your company with Royal Oman Police mandate
Registration with the Ministry of Manpower Oman
Get the organization seal with organization name and logo
Visa application
Open an account in a corporate account

Get the help of business consultants to form Oman company in a fast and hassle-free way.

Benefits Of Oman's Company Formation

Stable currency
Political stability
Free transfer of profits and capitals
Free import of machinery and capital for industrial purpose
Well regulated stock exchange
Complete tax exemption for navigation companies
Open market and free trade policy
Multiple countries holding double tax treaties
Repatriation of profits and capitals

how-to-get-e-commerce-license-in-dubai-commerce-city-setup-business

12Jan2022

Business, Business Setup, dubai, E-Commerce, How To, License

How to get E-Commerce License in Dubai Commerce City & Setup Business

Dubai Commerce City Free Zone has been the New eCommerce Centre of UAE. They're the dedicated Free Zone for companies like eCommerce that structures the ecosystem to sustain the growing network in the Middle East and North Africa region. The ongoing and new enterprises have a free zone that has a one-commerce licensing mecca with e-commerce rosters, customized company conformations that results in a touch of a button. They are designed for the operation process and gives the personalized client care. Dubai Commerce City is the perfect spot to start the eCommerce business. The state-of-the-art technology brings the business sector to boom. This in future boosts employment opportunities of the business ecosystem. Nowadays, the business opportunities of the Middle East are on rise. Individuals choosing an eCommerce business setup in Dubai may turn to Dubai Commerce City. Their strategic location plays an essential role to fulfill the business needs. Businesses connect with the audience to deliver good results. The eCommerce sector has been booming and plays the role of accessing everything. Business shifts from offline to online market. This leads to more popularity in the eCommerce sector. Dubai’s e-commerce sector grows due to a huge success in the eCommerce sector. Online sectors can target the maximum number of people through it. As per the reports, the eCommerce sector is around 1 billion. So, starting an online business can give you huge opportunities.

E-commerce License

You have to follow rules to get an eCommerce license in Dubai. Contact our professionals to get an eCommerce license easily. Dubai's law is quite strict. Hence, the authorities will never allow a business to start if the paperwork isn’t done. The Department of Economic Development can provide e-commerce licenses in Dubai. It is essential to get a license before starting any businesses in Dubai. They play an essential role to conduct the business legally. If you like to start your online business and have no other better place than Commerce city, it is valid to set up your business there.

Reasons To Set Up Your E-commerce Business In Dubai

Easy and quick company registration
Best centralized CRM solution for a good customer experience
Tools for e-commerce business management can be available
Business support services availability
E-commerce platforms can integrate with different business solutions.

Types Of Dubai’s e-Commerce Licenses

Authorities of Dubai provide licenses for e-commerce business functioning. You have the flexibility to get your license based on your nationality and business activity.

Portal License

Non-UAE nationals may apply to obtain a portal license. You can start a business in the UAE to link sellers and buyers. Research the pricing before applying for a portal license. The price of a portal license may differ based on the business needs.

E-trader license

As per the portal license, businesses selling their products online can apply for an e-trader license. DED issues for the e-trader license. It is obtained through GCC and UAE nationals. You get an e-trader license if you have the ownership. E-trader license cannot help with physical shop requirements.

Virtual Company License

Dubai’s economy launches a virtual company license program for promoting businesses. This is mandatory for overseas investors and foreign residents. Foreign residents can participate in commercial activities for online business. Sectors which can do businesses with a virtual company license are designing, computer programming and advertising. Clusters that determines the success of online businesses are:

Logistics - They have 105 warehouses made with latest technologies
Business - can promote constant engagement to business sectors
Social- It determines the success of business in Dubai.
Commerce City- has components that have exhibition halls, art galleries and restaurants.

Obtaining an eCommerce license is easy through the process. You have to apply to the authorities with needed documents. Authorities can take upto one week for a license. After the license, you can conduct the business in Dubai.

Legal structure for business in Dubai Commerce City like limited liability and branch office
License application at the DED or Dubai’s Commerce City
Choose an appropriate trading name
Submit the license application and fees
Authority must get an initial approval certification
Draft of MOA and local service agent agreement
Wait for approval
Open the bank account for transactions

Blackswan can help you in getting eCommerce license and setup your business in Dubai, UAE, Fillup the form below to request a quote or Call us

16Dec2021

Business, Business Setup

Business Setup In Sharjah

Sharjah is the economical alternative to Dubai to set up a business in the proximity of International Airport and ports of East and West coast of Arabian Gulf.

Sharjah has been the safest global city with an enormous economic energy supply. Judicial system of Sharjah is fair, the economy is liberal with property lease rates and competitive fee structures.

Company Incorporation In Sharjah

Sharjah has a growing economic expansion and rewarding industrial destinations to bring foreign investment.

The Government of Sharjah knows the significance of service, trade and manufacturing sectors to support the country's economy. They have devised policies to promote foreign investments.

Flexible government schemes play an essential role to gain global investors. They're speedy and have continued to be an economic majority in the Emirate.

The business growth trend of Sharjah is precise and is maintained with world economic ties that have friendly trading connections with various nations of the world.

There is a pathway to set up a business in Sharjah that builds customer relations, long-term contracts and get continuous trade orders in the U.A.E.

Sharjah has no income or corporate tax, hence its a tax haven. They have a modern legal framework and zero foreign exchange controls, quotas or trade barriers. They get sundry incentives by the Government of Sharjah as investors.

Sharjah has a complete international company ownership. They are exempted for import, export taxes and other commercial levies. They've 100% repatriation of capital and profits.

Sharjah gets provision for warehousing facilities and investors could store goods for 2 months for free. Multiple foreign and local banks are present with an advanced communication system.

Business Jurisdictions In Sharjah

Launched in the year of 2009, Shurooq - Sharjah Investment and Development Authority is an autonomous government body that focuses on Development, Asset and Property Management and Investments in Emirates.

They look over the economic, social, cultural and environmental development of Sharjah, being in line with Islamic values.

Expatriates can choose from two criteria for business jurisdictions in Sharjah like Free Zone or Mainland.

Free Zone in Sharjah International Airport (SAIF Zone)

Founded in 1885 at the Emirate of Sharjah, SAIF Zone is UAE's industrial powerhouse and one of the premier business destinations.

More than 4,500 companies like Professional firms, Industrial and Commercial companies are housed by SAIF-Zone across 91 countries.

USA Regional Trade Center (USARTC)

Founded in 2011 as Sharjah's objective to be a hub for foreign trade and be the investment-driven economy.

USARTC provides small and medium sized Enterprises to commercially improve and trade in the North Africa and Middle East region.

They help S.M.Es to enter the market and make their presence in the United Arab Emirates.

Hamriyah Free Zone

It can enable foreign nationals with 100% business ownership and set up the business in the tax-free climate with repatriation of profits and capitals, also commercial tax exemptions.

Based on the shareholding, two kinds of companies can be set up at Hamriyah Free Zone.

Free Zone Establishment - They have a single shareholder for limited liability company setup.

Free Zone Company - They have comparable shareholders for limited liability companies to set up a business with multiple shareholders of 5 or less.

Sharjah Publishing City

They have an exclusive free zone for publishing and printing. Sharjah Publishing City has the unique free zone with attractive targets for book lovers and publishers. They cover a landscape of 400,000 sq.metres with office space facilities and warehousing for company owners.

Sharjah Media City

They have a free zone known as Shams Sharjah Media City. It was launched in January 2017 to be the world-class hub for the creativity and media sector.

Sharjah Research Technology & Innovation Park

This free zone is associated with government, private business and educational institutes. It bridges the gap of marketplace and ideas. They have an atmosphere for modernization and creativity by high-tech services and top-notch infrastructure.

Mainland Company Sharjah

Businesses can choose the mainland for covering the geographical regions of U.A.E. They have developed economic regions of Sharjah that have regularized statutory policies. We can help you set up your business with legal formalities in the mainland.

13Dec2021

Business, Business Setup, company, Oman

Representative Office Setup in Oman

Oman has flourishing business platforms located in the Middle-East region. It opens the gateway of business owners to set up a business from scratch or expand the established entities.

One such form of established business expands themselves or enters the market by incorporating the representative office. This gives a clear idea on ways to incorporate the representative office in Oman for accelerating the business growth globally.

Representative Office

The representative office is the business structures formed by companies to carry non-transactional operations in new markets.

As per Omani Law, the representative office can be 100% foreign-owned, controlled and restricted for making direct sales in Oman. They're governed by the Representative Office Regulatory Law formed by the Ministerial decision number 22/2000. Their activities are limited to:

Market research
Parent company's promotion

It is mandatory for the Oman Representative Office to have one individual to be a resident of Oman.

Organizing the documents in a sequential manner makes the incorporation process easier. The necessary documents needed are:

Certificate of Articles and Memorandum of Association from parent company.
Commercial Registration Certificate
Authorization letter for manager of representative office
Undertaking letter for liabilities of the parent company.
Certificate proving the existence of a parent company
ID copies with authorized sign
Specimen sign of directors

Then you have to carry with the core establishment process of the representative office in Oman.

How To Set Up A Representative Office In Oman

Initial Capital Deposit

The initial capital must be deposited in the local bank after the company name registration.

License And Permit

Businesses have diverse activities for special permits. Get business permits and license to kick-start the organizational activities.

Tax Department's Application

After the permit, you have to apply in the tax department of the Finance Ministry.

Get Municipality License

You have to obtain the Municipality license.

Enrolling with Royal Oman Police

The business entity must be registered with the Royal Oman Police and are mandated for foreign companies.

Registration with the Ministry of Manpower

You have to register with a Ministry of Manpower to get local resources. It keeps the count of foreign and local employees and gives the clarity if more resources have to be hired or not.

Social Protection

The final step to end your registration at the representative office of Oman. You have to register the company for social protection and it ends with the Public Authority.

Looking for a Business Setup company in Oman? Call us today on +971 4240 6939 / +968 7819 8097

Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation, Sole Proprietorship Company Registration in Oman, Opening a Branch Office in Oman, Oman Joint Stock Company Formation, Salalah Free Zone Oman, Al-Mazunah Free Zone Oman, Sohar Free Zone Oman

Sole Proprietorship Company Registration in Oman

2Dec2021

Business, Business Setup, company, Oman

Sole Proprietorship Company Registration in Oman

Oman is an Arabian country located in the south eastern Arabian Peninsula. It's been on the priority list of business owners and international investors. For expansion or to start the new business setup at Oman, the location needs flexibility for investors to choose any one of them. Besides partnership firms, the location allows individuals to initiate with low capital, also called as a sole proprietorship. If you want to invest in Oman for a low capital, then choose a sole proprietorship firm.

Sole Proprietorship Firm

One of corporate structures is the sole proprietorship that gets initiated by the individual serving as the sole owner. The individual can trade on his account and gets a trade license on his name. Owner bears the rights of liabilities and assets.

Features Of Oman's Sole Proprietorship

Single person owned
No restrictions to close or start
Owner has the complete control
Low cost of compliance and formation
Unlimited liability for the owner
Losses and profits borne by the owner
No special legislation

Documents Needed To Set Up The Oman's Sole Proprietorship

Public Key Infrastructure enabled with ID card
Public Key Infrastructure enabled with Resident Card
Authorized Signatories Form
Individuals Identity Card

Registration Process Of A Sole Proprietorship In Oman

Minimum Capital

The individual must register their business entity for the minimum capital of 3000 OMR for initiating the sole proprietorship firm.

Liaise with Ministry of Commerce & Industry

The mentioned documents have to be presented at MOCI for initiating the registration process.

Register with Royal Oman Police

It is mandatory for the individual to register the business entity with ROP and get a good standing certificate. Few government approvals are needed to complete the registration process. Trade licenses are issued by the Ministry of Commerce and Industry. Then the core business practices are commenced to make the partnership firm. Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation

Company Registration & Business Setup Process in JAFZA

1Dec2021

Business, Business Setup, company, Free Zone, License

Company Registration & Business Setup Process in JAFZA

UAE's oldest free zone is JAFZA. They were founded in 1985. This is home for 7,000 local and international factories, local companies, manufacturing plants, logistics firms and assembling units. Jebel Ali Free Zone has access to the Jebel Ali Sea port and to Al Maktoum International Airport. They have a single customs area that reduces cargo clearance costs and times. Logistics, shipping and trading companies are located in this free zone. If you like to do business setup in Dubai, JAFZA has many benefits.

Logistic Corridor By Sea

Jebel Ali Port has the global open connectivities. This serves almost 150 shipping lines that are capable of managing 19 million containers per year.

By Air

Al Maktoum International Airport is the biggest cargo airport in the world.

By Land

The UAE region is equipped with the best highway link. This can make the cargo travel faster in Dubai and Emirates.

By Rail

Etihad rail is under construction. It links with JAFZA to the Arabian Peninsula.

Facilities

Jebel Ali free zone is the vast portfolio of facilities.

Plots of land
Warehouses
Showrooms
Customised development solutions
Offices
Business Park
Retail outlets
On-site residence

It is hard to get the flexi-desk for Jebel Ali company because of their low availability. If you like to start a business, consider the office space right now.

JAFZA Dubai Activities

Based on the kind of business setup in UAE, the license can be different. Some categories are offered like:

Trading
Industrial
Service
Logistics
General Trading

Companies with the service activity are registered as a branch of the existing UAE Mainland entity. Industrial, Trading and Service Licenses are of two types. They vary based on the number of activities you have with the license:

First type- upto 7 products of the same group
Second type- upto 12 products from the same group

If you add extra activity for any other license type, it costs 500 AED. JAFZA company formation generally recommends dealing with international distribution, trading or logistics sectors.

JAFZA License Costs

The company setup in Jebel Ali Free Zone is reasonable if compared with other Free Zones. Jebel Ali Free Zone company registration are as follows:

10,000 AED for registration fee
5,500 AED for type 1 license
9,000 AED for type 2 license

It is essential to have office space in this Free Zone. The smallest offices are 26.88 sqm with the 53,670 AED as the charge for an annual rent. The complete company setup in JAFZA , excluding the resident visas, can cost 86,935 AED. Besides the mentioned costs, it includes the document attestation cost, approval fees and establishment cards.

How to Start a Business

JAFZA company setup is also started without your presence. But you have to visit the free zone if the company’s documents are generated. Lists of documents needed for JAFZA company registration

Application form
Brief Project Summary
Passport copy
Business activities
Options of Company's name

Time-frame for the setup of the Jebel Ali free zone varies from 2 to 4 weeks. This depends on the type of facility and business activity you choose.

UAE Residence Visas for Jebel Ali

Jebel Ali Free Zone can make your company eligible for the resident visas. You'll have 1 resident visa per 10 sq meters of office space. Their visas can be valid for 3 years. Health insurance is needed for this free zone. The cheap package is 600-800 AED. Health insurance must be renewed every year.

Business Renewal

You have to pay for the company’s renewal. Renewal of the Jebel Ali free zone license can cost the same as JAFZA company registration. Company renewal is done without visiting the Jebel Ali free zone. You have to give the company's audit report during the renewal process. Audits are done through UAE license & accredited auditing companies. Licenses are renewed for three years in companies that have a plot of sublease and land facility.

Corporate Amendments

The amendments of JAFZA company can proceed without visiting the free zone. Amendments like

Changing name of business activity
Changing director or manager

The shares transfer procedure is required for visiting the free zone. It is also done by the person that holds a notarized Power of Attorney.

License Cancelation

Liquidation procedure needs the physical presence of the owner or may be done through the Power of Attorney holder. Free zone requests you to submit the original documents and pay the liquidation fee. The fee of license cancellation costs around 2,000 AED. Company closure can approximately take 1 month. JAFZA company register gives the certificate of liquidation on the completion of procedure. Jebel Ali Free Zone are suitable for the following process

International Trading
Importing And Exporting
Distribution And Logistics Manufacturing

The cost of company formation in Jebel Ali Free Zone is higher than other zones. JAFZA has all kinds of facilities. Company formation in the Dubai Airport free zone competes with them. Sea ports are substituted by the Airport. The free zones of Sharjah Airport International are larger than JAFZA, and have recommended registration options.

Benefits Of JAFZA Company

Largest UAE Sea port in free zones
Plots and warehouses of land
Retail locations
Faster bank account opening process

Previous page 1 … 4 5 6 7 8 … 26 Next page

Category Archives: Business Setup