Catering has long been a big business in the UAE due to the thriving tourism sector and affluent community. Dubai is at the centre of this market either to dine in or order and take off or grab a bite from one of the food trucks. There is a huge demand for great food, though there is a new restaurant popping up on every corner. Working with a local expert, will never make it easy to start a catering or food delivery service business in Dubai. you can be up and running in no time if you do your homework and know what to expect.
Register Property as a Corporate Entity in Ras Al Khaimah: From this point forward, property investors in Ras Al Khaimah can buy and register their units under a RAK International Corporate Center substance. This follows an arrangement the corporate recorder hit with the emirate's Municipality Department (Land and Properties Sector).
It will likewise permit financial backers to structure their property as a RAK ICC entity. "There is enormous premium from worldwide financial backers and expats in the emirate - our joint effort will make it workable for us to accomplice different designers in the emirate," said Dr. Sameer Al Ansari, CEO of RAK ICC. "What's more, set out open doors for worldwide financial backers to hold resources with a RAK ICC substance.
"Procuring a home under this kind of corporate design benefits worldwide financial backers from multiple points of view. It permits them to claim at least one properties or potentially different kinds of speculations without affecting one another, shields them from individual liabilities just as offers an improved and more smoothed out move of property possession regarding legacy and resource arranging."
Financial backers likewise will get to
- The qualification to open a ledger for rental payments and installment purposes;
- A worked on accounting and assessments through the legitimate isolation of properties under the design; and
- Flexibility of moving offers after selling the property.
- Business Setup in RAK
- RAK Free Zone Company Formation
- RAK Mainland Company Formation
- RAK Offshore Company Formation
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Being a working woman in the UAE has never been a better time. With great success, the government has poured resources into female-led businesses.
Overall gender gap in the workforce was reported to be 64% in 2018 but the country is aiming towards one of the top 25 in the world for gender equality. Last year it was reported that 33% of female-owned firms in the UAE generated revenues over USD 100,000.
To attract women into entrepreneurship in the home to many initiatives and programmes, the UAE, RAKEZ Businesswoman License Package has been initiated. This was launched by Ras Al Khaimah Economic Zone which offers fast and affordable company setup with a range of benefits aimed at empowering businesswomen in the region.
What Is The RAKEZ Businesswoman License?
A UAE trade license package tailored to the female entrepreneur is the RAKEZ Businesswoman License. To empower women’s entrepreneurial dreams, this license was designed. It offers fast and professional company setup at an affordable price. It includes everything you need – from office space to business support services.Types of RAKEZ Businesswoman License Packages
Covering a range of industries there are eight license packages to choose from. They are:- Commercial
- E-commerce
- Educational
- General trading
- Individual/professional
- Media
- Professional
- Services
How To Apply For The RAKEZ Businesswoman License
Firstly secure the services of a company formation expert such as Blackswan before making any license application. Blackswan can manage the entire process for you, like handling every step of your license and visa applications, and liaising with all relevant authorities on your behalf. Your business activity has to be decided and clearly listed on your business license. With the freedom to list multiple activities, you can list every activity that applies to your business while the application process is on. Choosing a company name is the next step in accordance with naming conventions like, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name. A legal entity like FZE or LLC has to be attached with no resemblance to any other company. Black Swan will help you with these initial decisions. Black Swan can manage the entire process for you to ensure smooth running. Black Swan can manage the entire process for you to ensure smooth running. We’ll require the following documents to make your trade and NMC license applications on your behalf. This includes:- Your signed application form
- A business plan
- Passport copies of each individual (Shareholder/s and General Manager)
- Original No Objection Certificate (if required)
Main Benefits
- Easy on the pocket
- Two free additional activities
- 1 and 3-year packages Instalment Plan Options
- Option for a zero balance bank account
- 25% reduction on employee & dependent visas
- Eligibility for UAE Residence Visa
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By following the above steps, it is possible to obtain your RAKEZ Businesswoman License and launch your startup with minimal fuss. Blackswan can help you get your business up and running within a week or two by managing your license and visa application. You just have to relax for the green light to start trading, You will also be interested on:
Business Setup in Dubai: Legal business structures for establishing business in Dubai: The Economic Development Department has laid down several acceptable legal structures meant for companies establishing in Dubai. However, rules & regulations to be followed by each will vary accordingly, while categorization is based upon firm ownership. As a foreign national, you might be interested to avail a freezone license, if the desire is to have 100% business ownership.
Sole Proprietorship
The sole proprietorship firm can be termed to be a legal entity that is operated and owned by any single person. He/she is expected to manage fully the profits and operations of the business and also be 100% liable to pay off debts and other financial obligations.Things to consider
- The industrial or commercial type of sole proprietorship is owned by only GCC nationals or UAE nationals.
- Only one manager allowed in the sole proprietorship firm.
- Consultancy type sole proprietorship based owner needs to possess scientific qualification to carry out selected activities.
- Trade name is to be activity related.
- No minimum business capital requirement is present for sole proprietorship.
- The sole proprietorship is allowed to have branches to perform various types of activities mentioned in the parent firm’s license.
- It is possible to sell the firm along with its branches. However, commercial or industrial firm type could be sold only to GCC nationals or UAE nationals.
One-Person firm
A single person or corporate body owned limited liability firm is referred to as one-person company. The difference that exists between such legal form and sole proprietorship is that its liability is restricted to shares that are held by owning entity.Few things to consider
- GCC or UAE national are eligible to start and own such legal firm type.
- 100% GCC or UAE national owned corporate body are eligible to own such firm type.
- The owner being a shareholder has liability limited to held share value.
- Trade name to include legal form (one-person company), owner name and tend to end with LLC.
- Share capital like recorded in MOA (Memorandum of Association).
Civil Company
This partnership is meant for those professionals in their recognized fields like accountants, engineers, lawyers and doctors.Few things to consider
- Partners belonging to any nationality may get involved in this type.
- In case, GCC or UAE nationals are not included in the partnership then local service agent has to be hired by the firm.
- In case company carries out engineering activities, then one partner needs to be a UAE national who owns at least 51% of business share.
- In case, company is into consultancy practices, then professional partners who practice similar activities combined with 100% ownership are to own the firm.
Limited Liability Co.
There are 2-50 shareholders in this type of firm, where each are held liable only to his/her share extent within the company.Few things to consider
- This company form is not to conduct any consultancy or professional activities except investment, insurance or banking.
- The LLC may conduct commercial or industrial activities.
- UAE accredited auditor to be hired by the LLC.
- UAE nationals are to possess 51% ownership, with profits accorded in varying ratio.
Partnership Company
In this form of business, 2 or more partners falling into limited or general partner category may share ownership.Few things to consider
- In simple limited partnership, UAE nationals are to be general partners. But partners belonging to other nationalities are to be limited partners.
- No restriction is to be present on ownership share of limited or general partners.
- Limited partners not to intervene in administrative or management related issues pertaining to general partners. In case they, the chance of their being held liable for all business obligations becomes high.
Other forms are given below
Foreign company branch
Any firm that is registered abroad is allowed to open up its branch in Dubai, referred to as the Dubai headquarters, which comes under the UAE and Dubai business jurisdiction. The branch however will not allow any goods import and this activity is to be carried out by any locally appointed trading firm. The parent company will have 100% ownership of the branch.Representative Office
This office is rather considered to be the activities carried out by the foreign company’s branch and not complete structure business. However, it has the necessary authorization to market and promote parent company’s business, but will not participate in business operations. These branches are to have a LSA (Local Service Agent). LSA: A UAE national is to be a local service agent, devoid of any financial obligations or civil responsibility towards the business. His obligations entail ensuring of continuation of business of the branch in Dubai. However, his responsibilities do not include any legal interest related to the business, management, assets or profits of the branch.Dubai based company’s Branch
The Dubai based company’s branch is required to carry out one or probably all activities mentioned in the license of the parent company. The company having multiple branches will have each branch to carry out different types of activities like mentioned within the parent company’s original license.UAE based company’s Branch
Such branches are required to carry out any or all activities mentioned within the parent company’s license. The company having multiple branches will have each branch undertaking variety of activities like mentioned within the parent company’s original license.Freezone company branch
In case the company owned has its main license issued in the UAE free zone, then branch license can be obtained from the DED for business expansion to mainland Dubai. In case, 51% ownership local shareholder is not present, then approval will be essential from the Economy Department along with local service agent.GCC based company Branch
The GCC based company branch is to carry out any or all activities mentioned within the parent company’s original license. The company having multiple branches will have each branch will require performing different types of activities as given in the parent company’s original license.SME License
100% UAE National owned businesses are provided with SME license and may take any legal shape.Intelaq
UAE nationals can obtain this license for carry out home based businesses in Dubai. But license holder is not allowed to spore or hire staffs, however, can engage contractors.Get a Proposal Today
The trade name registration process is termed as business name registration with the Economic Department of the United Arab Emirates. The commercial entities that run their business here go through the process and register their business name to the Department of Economic Development for approvals.
Several things are considered before the registration of a trade name. Here we can look into the document requirements, prerequisites, and overview of the entire process.
You have to understand the difference between three common technologies like Trademark, Trade Name and Legal name.
The difference between Trademark, Trade Name and Legal Name
The Trade Name is issued to a company for carrying out its operations. This is termed as a pseudonym that does not operate under their registered company name. This happens because the company uses a trade name to conduct business with a simpler and than their formal or lengthier name. Trade names are used when the preferred name cannot be registered. This may happen because it is similar to a name that is already registered. You need to select a commercial activity to choose the legal type and apply for the approval. When you have done that, you start to prepare the MOA and LSA agreement. This process needs to disclose the company address also. When this process is completed, you will receive the commercial license. The Legal name is officially allocated to the agency or the person processing the undertaking. The legal name is registered with the state authority that is unique and has a correct ending like the term LLP or LLC. The official communication can be done through the name as this appears on invoices. Government also uses this name as the point of interaction. The Trademark can be defined as the brand's name. It has different aspects like the tagline, the registration of the logo, badges, illustrations, hallmarks that identifies the brand's core identity. The Ministry of Economy has the responsibility for registering the trademark within the UAE. Though trademark registration is not needed all the time it is helpful when someone steals your brand idea or concept. The trademark registration can prove helpful in winning any type of lawsuit.Authorities Involving In Trade Name Registration Process
The registration process involves government authorities presenting the documents, following the rules to get the certificate and pay the desired fees. Two authorities get involved in the trade name registration process that can be contacted and the process to get completed.The Department of Economic Development (DED)
DED is Dubai's governing body that drives the city's economic agenda within the United Arab Emirates. The organization was set up in 1992 and 2008 as the ruler of Dubai gave DED the responsibility to regulate and plan the economic performance of Dubai. It was done so that there would be a dedicated governing body to support and supervise the economic development of the city. Dubai's strategic plans can be carried out with the intent of completion. The services DED offers are:- Gives Instant License
- Renews the Trade Name
- Reserves the Trade Name
- Renews the License
- Issues the Initial Approval
- Issue Branch Initial Approval
- To Print License
- The License activities of Terms and Conditions
- Managing the License Contract
- Payment of Inspection fines
- Updating the Mobile Number
The Department in the Ministry of Economy
The Department in the Ministry of Economy has the role of assisting with the overall growth of national enterprises and their exports or imports. The department is responsible for regulating the small and medium-sized enterprises along with entrepreneurship. The department has consumer rights that are protected with intellectual rights and when in a problem the government-appointed people would undergo the rigorous process so all parties get satisfied with a solution. Trademarks are registered with the department or you will not be protected by the law.The Trade Name Registration Process in UAE
Many businesses tend to register a trade name that makes a common procedure. But not many people in the UAE still have the clarity about its details. The trade name registration process can be conducted online and in-person in the UAE.The Trade Name Selection Process
You have to select a trade name based on the brand identity but it may not be mandatory. Selecting the trade name should abide by the rules and regulations of DED to review the name after its selection. DED has the right to cancel the name when they find it inappropriate. DED needs to meet all criteria before the name gets approved. The requirements to be fulfilled are:- The business operation should represent the name of the business.
- Businesses that are similar in Dubai do not claim the company name by copyright.
- Name of trade may not include the terms of indignity.
- The Trademark must not be named after God.
- Some terms like City names, Dubai's Emirates, Districts and Airport codes are not recognized.
- Country names and Continent cannot be used as trade names, but nationalities can be used as a name.
- The company name can't start with Middle East, European, Asian or their names translated.
- The corporate name should not have Government Agencies abbreviations.
- The company name may not include popular global brands like Samsung, Apple, Kia as a whole or in part.
- The name of businesses may not indicate sectarian religious organizations like the Vatican and the FBI.
- The name of the division may not be equivalent to the name of the parent company and the suffix and legal names are not considered part of a name.
- The privately-owned businesses words like "CO" and "ME" are limited until they are part of a word like "ACTO Services" and "LCME Trading".
- Family names are only used as the first name and one of the proposed shareholders must be named.
- The titles are written in a literal manner and may not be translated.
To check the Trade Name Availability
Once following the steps carefully, you have to understand the kind of trade names that are good for approval. When you have the basic understanding and have finalized the name, you can do an online check and search for its availability as there are many trade names already taken by different companies.To reserve the Trade Name in UAE
When you follow the guidelines and check for the availability of the name, you can reserve the trade name. When you don't reserve the name beforehand, it would be taken by other businesses. Reserving the trade name is the prerequisite to attain the license in the first place. Reservation of the trade name can be done with DED and once getting their permission your name would be reserved.Paying Trade Name Registration in UAE
You have to pay to process the trade name. This is the last step because you will not receive the certificate when DED guidelines are not met. Within 72 hours of your payment, you will receive the confirmation of the payment voucher. The trade name is valid only for six months and you need to get reserved again. Feel free to contact our experts by requesting a quote below
Dubai Mainland Company Formation Business Setup in Dubai Mainland: Dubai - the business paradise offers a best environment for starting a business! The facilities like a world-class infrastructure, multi-lingual talented workforce & reliable connectivity are stimulants to start a business here. Apart from that, Dubai also offers a cosmopolitan culture, innovative workspaces and many Government incentives for investors.
Why should you start a Company in Dubai Mainland?
The Dubai Economic Department DED has permitted Dubai Mainland as the total geographical area to operate commercial business functions to all the private business entities and their representatives. It covers prime locations where a foreign business owner can operate like international chains of food, luxury goods, car makers, etc. The UAE Business Incorporation laws state that if the business setup is in Mainland a foreign investor can hold only up to 49% of the business, and a UAE national mandatorily holds 51% of total equity except in the following cases:- Businesses located in Free Zones
- Activities with 100% GCC ownership
- Instances where GCC companies enter into a partnership with UAE National
- Where the law requires 100% local ownership
The mainland business opportunities jurisdictions are in:
Sheikh Zayed Road
The development corridor of the city of Dubai with a very prominent skyline. It is home to some of the world’s largest ventures, international companies, and businesses.Al Karama, Bur Dubai, and Deira
Acclaimed for tourist destinations, residential complexes, historic venues, Gold souk, real estate, and wholesale businesses, these three areas are located in the older parts of Dubai.Business Bay
If you are starting up a business venture in Dubai in the financial sector, professional consultancy, retail industry, hospitality and more, you will need infrastructural assistance. Business Bay situated in the central business district, is the perfect choice as it is responsible for creating multiple business setup centers.Al Quoz
One amongst the futuristic commercial hubs of Dubai, Al Quoz has the advantage of providing warehouse and industrial options closer to the city. This Al Quoz area has four divisions like factories, industrial setups, warehouses and other locations. Al Quoz also has shopping centers, malls, and labor accommodation zones.Al Qusais
This area is known for residential areas and industrial zones. Also considered as the best area to house large scale medical centers and educational institutes.Jumeirah
The coastal part of the Dubai city, Jumeirah is one of the most developed hubs of residential areas and lavish business development units. You can find luxurious accommodation, real estate, and hospitality projects here.Setting up a business in Dubai Mainland - Advantages
- Zero Taxation- No corporate or personal tax
- Recruitment no restrictions
- Easy recruitment process
- Getting employment Visas, no limitation
- Minimum capital requirement limited restrictions.
- No yearly auditing
- Processing legal documents, no restrictions
- Import duty very low
- Getting affordable office space anywhere with flexible rent or lease easy
Get Dubai Mainland Setup Package
One of the world’s most famous business hubs is Dubai with thousands of organisations from every corner of the world. Many industries like health, hospitality, travel and technology thrive in this open and encouraging environment. Being a growing business hub Dubai demands services of facilities management companies like offices, hotels, gyms, restaurants, and apartment buildings.
Working with Black Swan, the incorporation and licensing process is fast and straightforward. Following is a simple guide to set up facility management company in Dubai
Steps To Start A Facility Management Company In Dubai
Location: A facility management company can either be in a free zone or in the UAE mainland. If in the mainland, it can be set up anywhere whereas in a free zone there is a 100% customs tax exemption, zero currency restrictions and the ability to repatriate all capital and profits to your home country. Company name: The second step is choosing a company name. In accordance with naming conventions, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name can be used. a legal entity has to be attached to like FZE or LLC. Working with Blackswan, we can register your trade name on your behalf.Applying For A Facility Management License In Dubai
The process of applying for your facility management license is different depending on where you choose to set up. If you’re setting up in the mainland, you can make your license application directly to the Department of Economic Development (DED). If you’ve chosen a mainland setup, you should apply directly to the managing authority of your chosen free zone. In both cases, Black Swan can manage this process for you, and liaise with authorities and government departments on your behalf.Documents Required To Start A Facility Management Company In Dubai, UAE
When starting a facility management company in Dubai, you will need to submit several documents along with your application form. This may include:- A copy of your passport
- A No Objection Certificate from your current employer (if applicable)
- Applying For Your Visa
- Proof of relevant experience or qualifications
- Several passport photos
What Is The Facility Management License Cost?
Facility Management License Cost depends on the size of your business, location and the type of activities you undertake. Setting up in a free zone is cost-effective. The cost ranges from AED 15,000 to 25,000.Start Your Facility Management Business In The UAE With Black Swan
Getting the right guidance beforehand is key, when starting a UAE facilities management business. To eliminate any potential hassles, it’s always advisable to undertake the steps with the assistance of a registered company formations agent like us.
Registering a Company in Dubai: Starting Business in Dubai? Business Setup & Formation in Dubai Made Easy!
Starters may find Dubai to be among the few places present on Earth, where initiating any business can prove to be a tedious task. As per the survey of World Bank, Dubai ranks the 33rd spot of easiest places for starting business, due to its low rankings. Hence, we can very safely state that initiating any business in the city can be a challenging task, especially if you have been planning for the very first time.
The reason cited is because of government bureaucracy which requires businesses present in the city to follow stringent measures for qualifying. In case, you desire to have a startup in the city, then given below are few legal terms and facts that you need to be well acquainted with prior to getting started.
Dubai Business type
Generally, business in Dubai is of two categories and can be established within the Dubai Free Zones, viz.: Free Zone Company: They are considered to be businesses that are owned 100% by the person establishing it. There is no need to have an agent or a sponsor for managing the venture by acting as a liaison. No restriction is present that will tie you down.Some benefits offered in Dubai Free Zones
- 0% Tax
- 100% Ownership
- 100% Secrecy Maintained
- It is possible to open up a bank account in the city
- Only a single person can form a business
- Can hold properties
- Can perform multiple activities
- Can get liquidated at any point of time
- Less renewal charges
Some benefits offered in Dubai Offshore Company
Basically, offshore possibility is established to cater to those establishments requiring to have regional ‘tax relief invoicing facility’. Also minimum capital will not be required including any need to establish actual office facility. Keeping with the latest international standards off-shore regulations are issued. Hence, companies are required to register minimum of one director for a company, to issue professional auditing company annual financial audit report that is free zone approved and to maintain financial records. Annual general meetings (also possible by proxy) are to be held by each company, to act and perform as normal company. Company regulations are created to conform strictly to the latest anti-money laundering measurements. Moreover, local companies are to deal with the following- Accountants, legal consultants, management companies, etc. that carries out business in the UAE.
- If the offshore company decides to conduct other business or trade elsewhere in the UAE or in the zone, there is a genuine need to obtain necessary licenses for conducting other business activities or the trade from competent authorities.
- Any bank within the UAE to conduct routine operational transactions.
How you can gain from trusting Black Swan BSS?
- Consultancy & Advice: The type of corporate structure which best suits your future and current plans.
- Assemble files, draft documents and manage submissions, legalizations, notarizations and translations.
- Work permit & Visa processing using Emirates ID.
- Seek approvals from Dept. of Civil Defense & Planning Ministries and the Free Zone Department.
- Partnership options for Dubai Offshore Company, Branch Office and Professional.
- Open up corporate bank accounts.
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Select business activity
Determine the type of business that you wish to start in Dubai Freezone. The license type that you wish to apply is likely to depend upon the type of business activity that you wish to initiate. Multiple business activities are supported by several Dubai zones. So, there are numerous options to choose from.Identify a Freezone
On choosing your preferred business activity, the next step will be to determine the most appropriate freezone. Dubai has created sector specific zones such as healthcare, IT, trading & commerce, etc. Hence, it will be necessary to undertake through research to choose the right one.Select a company name
Prior to finalizing the establishment’s name, do ensure that it is available for registration with the freezone authority portal. The name needs to adhere to certain prescribed standards. It includes references made towards political or religious organizations or blasphemous languages.Collect all essential documents to apply for business license
Once business activity is determined and trade name registered at the portal, applying for the license is the next step to undertake. The license type will again depend upon the type of business activity to initiate. There is an application form taht needs to be filled up and documents mentioned in within the form to be collected. Visa application can also be made during this procedure.Open up Corporate bank account
It is easy to open up a corporate bank account. You will have to submit your business license and other essential documents with your preferred financial institution. After 4th step, valid license can be obtained within 2 to 4 weeks. Then you are ready!!Get a Proposal Today
Thank you so much for your kind words, Mr Suneel Mahamuni. We really appreciate you taking the time out to share your experience with us. We count ourselves lucky for customers like you.
We look forward to working with you again in the future! #clientappreciation
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