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Category Archives: Business

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Categories Business, Business Setup, company formation, dubai, uae

Starting a Security Agency or Company in Dubai, UAE

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

Steps to start a security company in the UAE

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

How to get a security licence from SIRA

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

SIRA training needs certain papers

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

SIRA training fees in Dubai

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

Cost of starting a business in Dubai

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

How Blackswan can help

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

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

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

An Outlook of Banks in Oman

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

Banks in Oman for Setting Up a Corporate Bank Account

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

How to Open a Bank Account in Oman?

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

Setting Up a Business in Dubai Logistics City

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

How to Setup Fragrances & Perfumes Business in Dubai – UAE

Dubai wants everything to be fancy, from hotels and conference centres to food, clothes, and perfume. This is such a big business in the UAE that the market is thought to be worth almost $1 billion. The easiest way to get into this big and growing business is to open a perfume shop in one of Dubai's famous malls or shopping districts. Black Swan is there to help. In this article, we'll talk about:
  • A general look at the perfume business in Dubai, UAE
  • How to open a perfume shop in Dubai, UAE
  • Cost of opening a perfume shop in Dubai
  • Documents needed to open a perfume shop in Dubai
  • How to grow a perfume business in Dubai What Black Swan can do for you

Perfume / Fragrances industry in Dubai, UAE

Last year, the fragrance market in the UAE was worth just over $910 million. Between now and 2030, it is expected to grow by 6.6%. A lot of this market value comes from online and in-person retail sales. Men and women in Dubai are proud of how they look and are willing to pay more for the right scent. Once thought of as a luxury, high-quality perfumes and personal care products are now seen by many as a daily must-have. This is a big chance for businesses that sell fragrances in this area. If you can bring a new product to market or compete on price and service, you are likely to find a large market that is open to you.

Steps to open a perfume / Fragrances shop in Dubai, UAE

Before you start the process of applying for a perfume shop licence in Dubai, you should always talk to an expert. After a short meeting, the Black Swan team will walk you through the whole process and talk to all the right people on your behalf. We'll do the following four-step process together. Step 1: Registering the name of your business Choosing a company name is the most important first step when starting a business in Dubai. When you do this, you'll need to make sure you follow a few common rules. But don't worry, most of them are pretty obvious. Basically, you should try to stay away from words that could be offensive or blasphemous. You should also make sure that the name you choose is not the same as that of another business or organisation. Lastly, your business name must be unique and able to be registered. Because of this, it's always a good idea to offer more than one choice, just in case your first choice is already taken. Once you've decided, we'll submit and register your trade name on your behalf. Step 2: Get a licence to run a business The next step is to get a licence for your perfume shop. This process will be a little different if you want to set up your business on the mainland or in a UAE free zone. The people who work at Black Swan can help you figure out which option is best for your business. If you choose the mainland, you send your application to the Department of Economic Development in Dubai. If you want to do business from a free zone, you will need to apply directly to the authority in charge of that zone. No matter which option you choose, your Black Swan contact will handle the process on your behalf to make sure your application goes quickly and smoothly. Step 3: Finish the visa paperwork To work and live in the UAE, you need a trade licence and a residency visa. This process is a little more complicated than applying for a business license, but Black Swan is there to make things easy. You will need to fill out an application and go through a medical and fitness test. There will be a blood test and an X-ray of the chest. Once you have your UAE trade license, you can help other people get theirs by sponsoring their applications. This could be your spouse, children who depend on you, or even a maid or driver who helps you around the house. Step 4: Open a bank account Open a corporate bank account. This is the last thing you need to do before you can trade in the UAE. This process isn't always quick and easy for people who aren't from the GCC, but the staff at Black Swan can help make it easier. After we talk about your specific banking needs, we can suggest the financial institution that will best meet them.

Cost of opening a perfume shop in Dubai

In Dubai, getting a licence to open a perfume shop costs at least AED 13,500. But there are also a number of other costs to think about. You will also need to think about visas and any other permits you might need to trade. There are also costs for staff and the office to think about. Get in touch with the team at Black Swan to get a full and personalized breakup of how much it will cost to open a perfume shop or a perfume wholesale import/export business in Dubai.

Documents required to open a perfume shop in Dubai

When you fill out your application form for a perfume shop licence in Dubai, you will also need to send in the following documents.
  • Company registration certificate
  • Lab test results for all perfumes you want to sell
  • Analysis report for all perfumes you want to sell
  • Certificate of free sales

How Black Swan can help

Black Swan Business Setup is one of the biggest and most trusted companies in the area that helps people start businesses. And if you work with us to start your business, you can use our international experience and knowledge. Our team of people with many skills has helped tens of thousands of business owners make their dreams come true. We are your one-stop shop for everything you need to set up a business in Dubai. We can help you with everything from licenses, permits, and visas to a wide range of other business services to help your business grow quickly before it even starts. We also want to help you keep costs low, so we offer flexible payment plans and custom packages. Need more information? Contact us today to take the first step toward starting your perfume business in Dubai. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Real Estate Business / Company Registration Process, Start / Setup / Open a Licensed Play School, UAE Short and Long-Term Residency
Categories Business, Business License, DMCC, dubai, Free Zone

Get your Dubai Free Zone Visa with DMCC

You have started a new business in one of the free zones in the UAE. You've set up the processes and are looking for a new team to help your business grow. Getting a Dubai Free Zone visa is pretty easy, whether you want to hire someone from the UAE (someone who works at Dubai's onshore location) or from another country.

But with so much information available today, it can be hard to understand the visa process, including who is eligible, what the rules are, and how much it will cost.

Most free zone authorities put a cap on how many visas each business can get. If a company wants to get more visas, it can either move to a bigger office or ask the free zone authority for permission to get more visas.

This blog gives you a lot of information about the procedures, types of visas, and eligibility requirements for each type of visa. This will help you make an informed decision about which visa to get.

Four Types of Dubai Residence Visas at DMCC

When you use DMCC to apply for a visa, the process is easy and clear.
Dubai Multi Commodities Centre (DMCC) sets a limit on the number of visas you can get based on the size of the office you choose. For instance:

  • Flexi desk: Up to 3 visas
  • Serviced office: 4 or 5 visas depending on the size of the office
  • Physical space: 1 visa for every 9 square metres

The UAE Ministry of Labour has nothing to do with free zone visas. Each free zone authority has its own employment law, and the terms of the job contract are in line with labour law. People with free zone visas are not allowed to work outside of the free zone, or "onshore," because they do not have a full UAE work contract.

Every company with a DMCC licence can apply for four types of visas: an Employment visa, a Dependents' Resident visa, a Partner/Investor visa (which includes a Business Visit visa), and a Student visit visa.

Each of the four visas comes with different scenarios, such as how to apply for a new visa, how to renew an old one, or how to transfer access for employees who already live in the UAE. Visit this page to find out more about how each category is broken down.

Employment Visa

A company with a DMCC licence must make sure that its employees are allowed to work in the free zone by making sure they have an employment residence visa, an ID card, or an access approval.

Identity cards and access permissions are another way for a business owner to give permission to an employee who is not directly sponsored by the company.

Employment Residence Visa

The most common way to get a visa is to get a job with a business in a free zone and sign a contract to live there. A free zone employee's visa is paid for by a free zone authority (in this case, DMCC), not by the employer.

To start their application, an employee in a free zone needs a letter of appointment from their company. This type of visa is good for one, two, or three years, and the process for applying is different for employees who live outside of the UAE and for those who live in the UAE.

Identity Cards

If you want to hire a woman who is sponsored by her husband or father, you will need to get an ID card for this woman employee. The ID card can be used for a year. Each electronically issued ID card is a new count against the number of visas your company is allowed.

Access Approvals

If you want to bring someone in to do temporary work at your office who is not an employee, you will need to get permission to let them in. This is usually for consultants, contract workers, and workers from sister or parent companies who need to work temporarily in DMCC. A valid Access Approval can be used for 1, 3, or 12 months. Access Approvals are only given to up to 30% of the workers who are doing the work.

Dependents’ Resident Visa

Through DMCC, a company with a DMCC licence can apply for UAE residence permits for sponsored employees and their dependents, such as their wife, children, parents, parents-in-law, and housemaids. But this application will have to follow the rules and laws of Dubai's Federal Authority For Identity and Citizenship (FAIC).

A dependents' entry permit is valid for 60 days. If the family member does not pass the medical test, they cannot stay in the UAE.

Partner / Investor Visa

This kind of visa is perfect for foreigners who want to start their own business in Dubai or put money into companies that are already there.

An investor visa is good for three years, and the immigration office does not need a deposit.

Business Visit Visa

A company with a DMCC licence can also pay for a foreign team member to do business in UAE. DMCC can help this worker get a business visitor visa. This kind of visa can be used for a month.

Student Visa (University and Institution)

A student at a university or school licenced by the DMCC can apply for a student visa. A visa for a college student is good for one year, and a visa for an institution is good for 90 days.

Key Criteria for DMCC Visa

All visa applications are taken care of by DMCC's online portals. Each application has its own set of documents that must be sent along with it. The process for getting a visa also changes based on whether the applicant is inside or outside the UAE.

If the employee application is outside of the UAE, it must include the Emirates ID, a copy of the most recent passport, a photo the size of a passport, a signed offer letter, relevant education certificates, a signed employment contract, and a medical fitness certificate. The Emirates ID and medical fitness certificate can be issued by DMCC, but you don't have to use this service.

If the employee application is in the UAE, they will also need an Emirates ID, a document showing that their status has changed, and a copy of their current visa.

Some of the most important things to think about when applying for any kind of visa are:

Employment Visa

  • When applying for an employment entry permit, your passport must be valid for at least six months.
  • The UAE Embassy in the home country and the Ministry of Foreign Affairs (MOFA) in Dubai must both attest the relevant education certificates.
  • If the applicant lives in the UAE area, all certificates need to be legally translated into Arabic.
  • You can apply for your potential employee's health insurance through one of the 45 local health insurance plans in the UAE that have been approved by the Dubai Health Authority (DHA).

Dependents’ Resident Visa

  • Employees who make at least AED 4,000 per month and live in at least a one-bedroom apartment can pay for their wife and children to stay in the country.
  • Employees who make at least AED 20,000 per year and have a place to live can sponsor their parents and parents-in-law.
  • Dependants must have valid health insurance.
  • If the employee's title is "clerk," "sales," "executive," "administrative officer," "assistant," etc., then that person has to give a three-month bank statement.
  • To be eligible for sponsorship, the sponsor can't work as a worker or in a job similar to that of a housemaid.
  • You can still apply for a dependents' resident visa with DMCC if you are only a shareholder of a DMCC licenced company and hold a Dubai residence visa but not an employee residence visa issued by a free zone authority (in this case, DMCC).

Partner / Investor Visa

  • If your DMCC-licensed company has more than one shareholder who owns at least 50,000 shares, you can get a partner visa for them.
  • You can get an investor visa if you are the only owner of your DMCC-licensed company.

Business Visit Visa

  • Each company can ask for up to three of these visas at once.
  • This kind of visa can't be renewed and can't be paid back.
  • If the application is turned down, the costs are not refundable.

Student Visa (University and Institution)

  • Minimum of six months left on the passport and a letter of application from the university or institute

Hassle-Free Visa Services with DMCC

The DMCC Member Portal makes it easy for you to do a lot of things for your business, like get licenses, make changes to your business, and get NOCs. The portal makes it easy to handle all of your business tasks in one place, giving you more time to focus on what's most important for your business.

Tags : DMCC Company Registration, UAE Residence Visa, UAE Student Visa, Dubai Investor Visa, Dubai Freezone Company Formation, UAE Work Visa, UAE Business Golden Visa, Dubai Digital Nomad Visa, Maid Visa in Dubai

Categories Business, Business License, company formation, Oman

How Open a Company in Oman Mainland

In Oman, setting up a business is similar to how it is done in other GCC countries. If a business wants to register a company in Oman, Oman gives them a place to do it. To start a business in Oman, you need to take the following steps: The person who wants to start a business in Oman comes up with a trading name. First, he or she needs to come up with a unique name for the business and send an application to the Ministry of Commerce and Industry for approval (MCI). After approval, you need to make a first deposit. Lets deeply discuss on how to setup company in Oman Mainland

How to form a Mainland Company in Oman

Before you move forward with Mainland Company Formation in Oman, you should know the basics about this legal entity. This article will give you a brief explanation of what a Mainland Company is, what kinds of licences can be given to a business, and what benefits you can expect from forming a Mainland company in Oman. After that, you can start the process of forming a company by working with a business expert. https://www.youtube.com/watch?v=Dwb1pn2nThg

What is a Mainland Company?

What is an Oman Mainland Company? To put it another way, an onshore company has all the power it needs to do business. Oman is one of the best places to do business in the world. Both companies in a free zone and companies on the mainland can find opportunities there. To start a business in Oman, you will need to get different licences that give you permission to do different things in business. Being a foreigner is not as hard as you might think if you have a business in Oman. This is one of the benefits of having a business there. There are areas just for foreign investors, so you can be sure to get the help you need. And if you already have a business in Oman, you can grow it there. Then, you can start your business in a Free Zone in Oman, as long as you check the records of your previous businesses before giving them to the government. In Oman, there are two different kinds of joint-stock companies. Society Anonyme Omanaise (SAOG) is one type of joint-stock company, and the other is a private joint-stock company. An SAOG can be a private or public joint-stock company, which makes it perfect for people who don't want to raise money from the public. Both types of businesses need the same amount of money to start up.

Types Of Business Entities In Oman

There are three types of business entities in Oman: general partnerships, limited liability companies, and sole proprietorships. Public alliances are made up of two or more entities, while one or two people make up a limited liability company. Many joint-stock companies are owned by the government of Oman. The most common type of business in Oman is a limited liability company. Every type of business entity has a lot of good points. Here are some things to think about when choosing the best one for you. Limited liability company: An LLC is a legal entity in which shareholders are only responsible for the number of shares they own. To set up an LLC in Oman, you need at least two shareholders. One must be from Oman, one from the GCC, and the other must be from the US. The minimum amount of share capital is 150,000 OMR. Oman's legal requirements also require you to have one director. The capital laws in Oman are pretty good for foreign investors. Commercial agency: As the name suggests, this type of business is a contract with an Omani agent to do business in Oman. Its goal is to sell products or services in Oman or to set up a business there. As part of the Royal Decree 55/90, the Commercial Code sets rules for commercial agents. In Oman, a commercial agent must have a representative who lives there.

Types Of Licenses Issued In Oman

When setting up a mainland business in Oman, you need to get a lot of different licences. Branch offices are extensions of foreign parent companies and can do business that makes money. Representative offices, on the other hand, can only do marketing. The limited liability company is the most common type of company that people in Oman form on the mainland. You must get a trade licence from the Ministry of Commerce and Investment in order to start a business in Oman. Based on the civil law tradition, large parts of Oman's law can be interpreted in many different ways. The CL's General Provisions section starts with the history of a company and goes on to talk about its foundation and the different types of companies that are legal. It then talks about the different types of capital and corporate classes. Finally, it talks about how corporate law affects crimes.

Benefits of Mainland Company Formation in Oman

Companies that are based on the mainland, also called "onshore" companies, can do business outside of their home area. The Sultanate of Oman has many options for starting a business on the mainland, such as free zones. Commitbiz is a service provider and mentor with a lot of experience who helps business owners get started and understand how the law works. If you want to start a business in Oman, you can get more information from Commitbiz. It helps people start their own businesses by giving them one-on-one mentoring and advice. Choosing the Omani Mainland has a lot of good points. One of these is how easy it is to use. After you register your business with the MOCI, you must send in the Rest paperwork. After you get your registration, the process can take anywhere from four to six weeks to finish. Because of this, Oman Legal Services helps investors with their paperwork and other formalities. Foreign investors don't have to worry about company paperwork and formalities. Instead, they can focus on their business. Another good thing about Mainland Company Formation in Oman is that it has many advantages. Besides being a free zone, it also has a number of tax benefits. For example, a local company will be able to apply for Oman tax residency, which will let it bid on lucrative government tenders. You can also benefit from the fact that the government spends so much money in Oman.

Tax Exemptions in Oman

In many areas, foreign investors in Oman's Mainland don't have to pay taxes. You can also benefit from free trade zones and special land grants from the government. This country has shown that it can do business on a global scale, and its economy is one of the top twenty in the world. The Ministry of Commerce and Industry in Oman is always looking for new ways to help new businesses get started in the country. Here are some of the best tax benefits for forming a Mainland company in Oman. Salalah Free Zone : Al Mazunah Free Zone is a free zone in the southern part of the Sultanate of Oman. This area has the lowest prices for infrastructure, people, and utilities. You'll also get duty-free goods and tax breaks for 30 years. The country has good relationships with other nations and has spent USD 26 billion on building new infrastructure. Joint Stock Companies in Oman : A Joint Stock Company (JSC) is a business that doesn't have to have a minimum amount of paid-up share capital. In Oman, you can also start a Single Person Company (SPC) without any paid-up share capital. Public JSC and Private JSC are the two most important JSCs in Oman. To start a business in Oman, you need to pick the right type of SAOC.

Documents Required for Company Formation in Oman

To start a business in Oman, you need to get the following papers ready. The fee for forming a company and the documents of the shareholders must be notarized. You'll also need to open a capital account to put the fees for forming a business into. You must also sign up with the Oman Chamber of Commerce and Industry if you want to follow business rules. In Oman, it takes about three weeks to sign up for something. Depending on the type of business you have, you may want to set up a limited liability company. A limited liability company (LLC) is a legal entity that can only do business in Oman. Oman needs a minimum of OMR 150,000 in capital, and a portion of this amount must be shown as proof of funds. An LLC can also be made by a single shareholder or an LLC. In Oman, you have to get a business licence. A company that is based on the Mainland is also called an onshore company. This kind of business can do business in places other than where it was founded. Free zones in Oman are a good choice for people who want to start their own businesses, but they should double-check their paperwork before giving it to the government. It would help if you always talked to a lawyer about your documents before sending them in. You can also get help from a local company that helps people start businesses. Send in all the necessary paperwork to start the process of incorporating. Here are the most important papers you will need to send in:
  • Memorandum of Association and Articles of Association
  • Passports and Visas for Shareholders
  • Certificate of Tax Registration
  • Identification Card for Shareholders
  • Certificate of initial deposit
  • Filled Company Registration Form
  • Certificate of Industry Affiliation and Chamber of Commerce

Mainland Company Registration Process in Oman

The process of registering a Mainland Company in Oman can be hard, but it is not impossible. Oman's growth is driven by international emigrants, the country's protected climate, and its free trade zones. The country has a moderate population. The Omani government is doing everything it can to help new businesses start up and help existing businesses grow. Companies in Oman can also take advantage of the country's safe climate, freehold properties, and high level of property rights security. In Oman, it's easy to start a business. You don't have to be physically in the country to start a business. You can even do it all online. Once you're registered with MOCI, you'll need to send in more paperwork, which can take between four and six weeks. You should use Oman Legal Services if you are not from Oman and want to focus on growing your business instead of taking care of paperwork. They will take care of all the paperwork and formalities so you can focus on running your business. After you get your business licence, you will need to get other permits. It takes a while for the Ministry of Commerce and Investment to answer. It is important to check the documents you use to register your business for mistakes and wrong information. Once your records are in order, you can give your LLC a name. Choose a name that shows what you want to do with your business. Make sure the name means something in the law. When setting up a business in Oman, there are a few important rules to follow.

1. Decide on the Trade Name

The names of businesses must be unique and related to what they do. Please choose a name and send it to the Ministry of Commerce and Industry.

2. Present documents of incorporation

Send in all the necessary paperwork to start the process of incorporating. Here are the most important papers you will need to send in:
  • Memorandum of Association and Articles of Association
  • Passports and Visas for Shareholders
  • Certificate of Tax Registration
  • Identification Card for Shareholders
  • Certificate of initial deposit
  • Filled Company Registration Form
  • Certificate of Industry Affiliation and Chamber of Commerce

3. Funds Account Opening

After the papers are turned in, Open a capital account to put the money for the first year of business in.
Register with the Chamber of Commerce
Sign up with the Oman Chamber of Commerce and Industry to follow the rules and regulations for business in Oman.
Register the Business
Below documents are to be submitted
  • Legalized Opening Forms
  • Approval of Municipalities
  • Certificate for Share Capital

Why Blackswan ?

Blackswan Business Setup can help you in company incorporation process in oman and you can Open a Company in Dubai Mainland at an affordable cost. Tags: Business Setup Service Oman, Oman Mainland Company Formation, Company Formation in Oman, Company Registration in Oman, Oman Company Incorporation, Opening Branch Office in Oman, Oman Freezone Company Formation, Oman Free Zone Licence & Business Setup Cost, Sole proprietorship, Joint Stock Company, Representative Office, Salalah Free Zone, Al Mazunah Free Zone, company incorporation process in oman
Categories Business, company formation, dubai, Free Zone, Offshore Company Formation

Company Registration in Dubai: Mainland vs Free Zone vs Offshore

When you start your own business in Dubai, one of the most important things to think about is what kind of business entity to choose. Most of the time, you can choose between the mainland, a free zone, or an offshore entity. Each has its own pros and cons, and the right choice will depend on what your company does for business, who it wants to trade with, how it is owned, and other factors.

So, how do the types of businesses compare? Which one will help your business the most? Our blog goes into detail about these questions and compares the costs, problems, and benefits of each place.

1. Free Zone Company

Free zones are places where goods and services can be bought and sold, usually with lower taxes and customs fees. By doing business in one of Dubai's 30 free zones, you can get benefits like 100% foreign ownership, 100% tax exemption for corporations, 100% repatriation and capital funds, and 100% repatriation and capital funds.

Ownership Structure

One of the best things about setting up your business in Dubai's free zones is that you have full ownership of it. To start a business, you don't need a local sponsor or service agent.

Business Activity

You can't do business on the mainland as a company in a free zone. If you want to sell to people in the UAE, you will need to set up a company on the mainland with the help of a local sponsor.

Office Requirements

In each free zone, there is a wide range of office space options, from virtual desks to offices and even flexi-desks.

Visa Requirements

The number of visas you can get will depend on the size of the office space you rent and the type of free zone you are in. Most free zones in Dubai will let you get between 3 and 6 visas.

At DMCC, the number of visas your business can get depends on the size of the office you choose:

  • Flexi desk: up to 3 visas.
  • Serviced office: 4 to 5 visas depending on the size of the office.
  • Physical space: 1 visa for every 9 square meters.

Cost of Setup

Costs vary greatly for setting up and running a business in one of Dubai's free zones. Here is a list of the four main fees for setting up and running a business in Dubai:

  • Company Registration Fee
  • Licence Fee
  • Office Fee
  • Share Capital

For a more in-depth look at how the costs of setting up a business in Dubai's different free zones vary.

2. Mainland Company

Companies that are based on the mainland, which are often called "onshore" companies, have access to the local market and markets outside of the UAE. To become a Mainland LLC company, you must get a licence from the Department of Economic Development (DED) of the emirate where you want to do business.

Ownership Structure

Before the new UAE laws on commercial company ownership went into effect, foreign business owners who set up a mainland company in Dubai could only buy 49% of the company's shares. A local sponsor had to buy the other 51%. But as of December 1, 2020, the UAE passed a law that lets foreigners own 100% of companies on the mainland. Since the resolution is so new, it has not yet been fully put into place or fully explained.

Business Activity

A business that is based on the mainland can do business anywhere in the UAE. They can also do business in any free zone in the United Arab Emirates.

Office Requirements

In contrast to a free zone or an offshore company, mainland companies must have an office space. The DED says that you have to rent at least 200 square feet of office space. Companies on the mainland are not allowed to have virtual offices.

Visa Requirements

For a company on the mainland, there are no restrictions on visas. The size of rented office space or a business facility determines how many residency visas can be given. So, the more office space your company has, the more work visas your company may be able to get. In general, one visa per 80 square feet is used to figure it out.

Cost of Setup

When a business owner starts a mainland company, some of the first costs they can expect are:

  • License fee: The DED has different licence options, but the standard trade or service licence is usually 5% of the rent. A General Trading licence Instant licence, Merchant licence, and launch licence don't apply to this.
  • Initial Approval from DED
  • Dubai Chamber of Commerce
  • Approval of trade name
  • Office rent
  • Attestation of Memorandum of Association (MoA)
  • Drafting of contract and court agreement attestation
  • Registration with Ministry of Economy
  • Trade license fee
  • UAE local Sponsorship fees depend on the nature of the business

3. Offshore Company

Offshore companies are not allowed to run any kind of direct business in the UAE. But an offshore company can be a shareholder in any UAE company on the mainland or in a free zone. This lets the offshore company enter the UAE market and do business through its subsidiary companies.

Ownership Structure

An offshore company can own the whole business, but it can't have a physical location in the UAE.

Business Activity

An offshore company in Dubai can do business anywhere in the UAE, including on the mainland and in any of the free zones.

Office Requirements

A company that is not based in the UAE cannot have a physical office there. Their office must be in a country other than the one they work in.

Visa Requirements

Visas can't be given out by companies in other countries. Only companies in Dubai/UAE that are on the mainland or in a free zone can give out resident visas.

Cost of Setup

Setting up an offshore business isn't too expensive. Setting up an offshore company in Dubai is the least expensive of the three options. This is because there are no minimum requirements for capital deposits before incorporation, and there are no costs associated with office space or getting a visa.

Choosing the Right Jurisdiction for Your Business

Your company doesn't have a "best" choice between a free zone on the mainland or one off the coast. Whether or not a jurisdiction is good for your business depends on its goals and strategies.

Here is a summary of what was talked about in the blog.

 

Free Zone

Mainland (Onshore)

Offshore

Ownership Structure 

100% foreign ownership

100% foreign ownership

100% foreign ownership

Business Activity 

You can trade within the Free Zone and internationally. Trade within the UAE is possible through a local agent/distributor.

You can trade throughout the UAE and internationally.

They are free to do business outside the emirates. They cannot have a physical setup for doing business within the UAE.

Office Requirements 

Not compulsory to have a physical office space. Many free zones in Dubai allow you to create a business licence by offering virtual/flexible desk solutions.

Minimum 200 sq ft office.

You are not allowed to have any physical office in Dubai.

Visa Requirements 

Setting up your company in a Dubai free zone automatically makes you eligible for a visa. Visa costs differ per free zone.

The number of residency visas granted is based on the size of leased office space. Generally, it is calculated as one visa per 80 square feet.

No residency visas issues.

Cost of Setup

Medium-High

Setup costs strongly depend on which free zone area you select. 

High

Low

Set Up Your Business in DMCC

If you think the best thing to do is set up as a free zone entity, DMCC is your best bet. As the world's number one free trade zone and the centre of global commodity trading, DMCC offers your business benefits and services that can't be found anywhere else to help it succeed

Tags: Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Offshore Company Formation, DMCC Company Registration, Difference Between Mainland Free Zone Company Formation

Categories Business, Business License, dubai, License, uae

Process to Start a Cryptocurrency Business in Dubai, UAE

Many new entrepreneurs, foreign investors, and new businessmen are looking for different ways to make more money. The cryptocurrency business is a new, modern way to do this that is better than the others. People all over the world are paying attention to it because it keeps growing at a very fast rate. In the near future, the modern digital currency, or money, will probably become more well-known and useful for business transactions. Setting up a crypto business in Dubai, UAE, is therefore a good idea. With several free zones that let businesses manage crypto assets, trade bitcoin and other cryptocurrencies, and do other related things, the Emirates have become more mainstream. With a cryptocurrency business licence, companies and organisations can manage and trade their digital money. In the United Arab Emirates, you can get this licence from:

What is Cryptocurrency?

The popularity of digital currencies is growing rapidly in the United Arab Emirates, creating a wealth of new and interesting business prospects in the fields of cryptocurrency exchanges, holding, and trading. One of the most popular discussions among aspiring business owners and investors is how to launch a bitcoin enterprise in Dubai, United Arab Emirates. Digital currencies, sometimes known as cryptocurrencies, are cryptographic tokens based on the widely publicised blockchain technology. When it comes to the value of cryptocurrencies, there is no one entity in charge of doing so. Instead, cryptocurrency is disseminated electronically among its users. Dogecoin, Bitcoin, and Ethereum are just a few examples of well-known cryptocurrencies that can be purchased and used right now. Cryptocurrencies are available for buying or mining on many decentralised exchanges. Despite cryptocurrency's outward appearance as an asset class, investing in it involves significant dangers. To fully grasp how the Bitcoin system works, you need have done adequate research. One would reasonably wonder, given the inherent dangers, how they have become such a popular trading method. The exponential growth of cryptocurrency prices is largely responsible for their widespread adoption. To a lesser extent, holders and traders of cryptocurrencies also utilise them for international money transfers.

Requirements for Getting Cryptocurrency License in Dubai, UAE

The UAE government has instituted a few prerequisites for applying for a cryptocurrency licence in the Emirates, and these prerequisites are in place for regulatory purposes. The following are the necessities for getting a cryptocurrency licence in the UAE:
  • Obtain a commercial licence application from the DED
  • Then, submit passport copies for any business associates.
  • Your cryptocurrency wallet's transaction history should be spotless, with no indication of any fraudulent activity.
  • After that, have a plan in place to show how much money the business has and how much it costs to run for the next six months.
  • To legally hold any cryptocurrency in the United Arab Emirates, you must register your holdings with a "UAE financial free zone" department approved by the country's government.
  • Submitting your complete business plan to the appropriate government agency is the final step.

How to Set Up a Crypto Business in Dubai

Follow the steps below and you'll be well on your way to launching a successful crypto business in Dubai, where there are many crypto aficionados and modern investors.
  1. Choose a name for your business.
  2. Choose the economic zone you want.
  3. Register for a cryptocurrency licence by filling out an application.
  4. Follow all the rules and regulations

Choosing a Company Name

The first step is to choose a name for your business that doesn't include any well-known brands or swear words. The name of your business needs to be simple and easy to remember. Also, if you want someone's name to be your business's trademark, it should be that person's real name. There can't be any nicknames.

Selecting a Preferred Jurisdiction

Next, you have to decide whether your crypto business will run in a UAE free zone or on the mainland. Both jurisdictions have their own advantages and disadvantages. One of the best things about free zones is that you can use any currency you want. You can also use the gain and income repatriation to your advantage. On the other hand, if you set up your business on the mainland, you can easily travel to all of the Emirates' states.

Register for a Cryptocurrency License

After thinking about the above, you should be ready to sign up for a cryptocurrency licence in Dubai, UAE. You can also send this application straight to the appropriate government department. But it can be hard for an expatriate to take care of everything on their own. Because of this, the crypto business experts at the Riz and Mona Business Consultancy are a good choice to work with.

Follow All the Compliance Regulations

In Dubai, both traditional financial trades and Bitcoin trades are supervised in the exact same way. Because of this, you should have the right licence and follow all the rules against money laundering. If you aren't careful at this step, it could hurt your business.

Steps for Getting a cryptocurrency license in Dubai

  • You can download and fill out an application form for a cryptocurrency licence from the government agency in Dubai where you want to set up your business.
  • Put the name and name of each shareholder in your company on the form and send it in.
  • Give all of the required documents to the government agency where you are setting up your business.
  • Pay the application fees to the government agency that is in charge of giving you a licence to deal in cryptocurrency.
  • If the application form and the company's official legal documents are all in order, the authorities will give you a cryptocurrency business licence within a week.

Incorporate Crypto trading company in Dubai

Where to Get the Cryptocurrency License in Dubai

You should get a cryptocurrency licence in the UAE before starting a cryptocurrency business in Dubai. At the moment, three of the free zones across the country are giving out licences for cryptocurrency.
  • Abu Dhabi Global Market (ADGM)
  • Dubai Airport Free Zone (DAFZA)
  • Dubai Multi-Commodities Center (DMCC)
Blackswan Business Setup can help you in getting Cryptocurrency License in UAE, Just fill up the form below for a free consultation to know about Cryptocurrency License in Dubai.

Cryptocurrency License in Dubai Multi-Commodities Centre (DMCC)

The DMCC is very open to the idea of adding and introducing cryptocurrency. They give licences to new business owners and entrepreneurs in Dubai who want to use cryptocurrency. People from all over the world come to DMCC in the Emirates to get a licence to trade in cryptocurrency. With a DMCC cryptocurrency licence in Dubai, you can do business activities like providing services related to cryptocurrencies, trading, storing cryptocurrencies, managing them, making apps and software related to cryptocurrencies, and much more. With a cryptocurrency licence in the city, you can also offer consulting and other services. DMCC has opened a new centre for cryptocurrency and wants it to be the hub for all blockchain-related activities in Dubai. Dubai is already known as the most technologically advanced city in the world, and the addition of new technologies like blockchain and crypto-only made its position even stronger. The DMCC cryptocurrency licence is a very

Cryptocurrency License in Dubai Airport Free Zone Authority (DAFZA)

Dubai Airport Free Zone Authority is what DAFZA stands for. This is another free DMCC in Dubai that accepted cryptocurrencies without any trouble. They made a deal with the ESCA (The UAE Securities and Commodities Authority) that helped them help new businesspeople and entrepreneurs who wanted to do great things with crypto for their businesses. By giving cryptocurrency licences to businesses in Dubai, they made it possible for them to do business. By getting a cryptocurrency licence from the DAFZA, companies can use crypto assets for different business activities. Also, they can help foreign investors from all over the world who come to Dubai to do business. The DAFZA has a strong regulatory framework that makes it easy for companies to do business within its borders. They are moving forward with their plan to make digital currencies like Dogecoin, Bitcoin, Ethereum, etc. grow and be used more.

Cryptocurrency Licence from Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market lets crypto assets that are regulated by the Financial Services Regulatory Authority (FSRA) work (ADGM). FSRA is the regulatory body that handles all cryptocurrency-related assets in the Emirates. At the moment, it is the only legal government body in the UAE with a large framework for regulating crypto licences. ADGM and FRSA have put out a guide for how cryptocurrency licences can be used in the country, which will help both small and large businesses in the Emirates. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Get Cryptocurrency License in Dubai, Get Cryptocurrency Trading License in Dubai
Categories Business, Business License, company, dubai

How to get Logistics & Cargo License in Dubai

The UAE is the largest international logistics hub in the Middle East. It connects air, sea, and land routes from West to East, Europe to Africa, and Africa to Asia. Its infrastructure and logistics are very advanced and well-developed because the government has put a lot of money and support into the sector. So that you can make the most of this amazing chance, SORP makes the licencing process quick and easy and gives you full support for your logistics business in the UAE. A very profitable logistics services and support business can be set up in the UAE by people from other countries. They will get the help they need from the government while not having to pay corporate or personal taxes. SORP experts will look into the logistics market services that you are interested in and make sure they are what you want. We will also help you set up your business and get the necessary permissions from the government.

Types of logistics business activities that can be licensed in the UAE

  • Freight broker
  • Customs broker
  • Warehouse storage
  • Leasing
  • Air cargo transportation
  • Sea cargo transportation
  • Land cargo transportation
  • Fleet management

UAE governmental authorities responsible for providing specific licenses for logistics business

  • Dubai Customs
  • Dubai Police
  • General Civil Aviation Authority
  • Maritime Authority
  • Roads and Transport Authority
  • Food Control Department
  • Ministry of Climate Change
  • Civil Defence

What is a logistics Licence in Dubai?

In Dubai, a logistics licence is just a permit that lets you run a legal logistics business from the emirate. This licence is for a wide range of logistics businesses, such as freight and customs brokers, warehousing companies, logistics planning firms, companies that move cargo by sea and air, and many more. If you're not sure if your business needs a logistics licence in Dubai, our experts can help you figure it out.

Benefits of opening a logistics company in Dubai

As one of the most important shipping hubs in the world, this emirate is a great place to start a logistics business. Some of the most important benefits are:

Location

Dubai is in a very important place on the map of the world. A lot of trade takes place on sea and air routes that go through Dubai. The emirate is a centre for trade between Asia, Africa, Europe, Australasia, and, to a lesser extent, the Americas.

Great tax benefits

If you start a logistics business in Dubai, you can take advantage of the very low corporate and income taxes in the emirate. Also, if you choose to run your business from a free zone, you might not have to pay any corporate tax or VAT at all.

World class infrastructure

Most people agree that Dubai's sea ports and airports are some of the best in the world. Thanks to this great infrastructure, it will be easy and smooth for you to start trading.

A government that supports trade

The government of Dubai is pro-market and pro-business, and it works to make the emirate a fair and competitive place to start a logistics business.

Proximity to other logistics companies

In Dubai, there are a lot of logistics companies, and each one specialises in a different area. This means that there are a lot of possible business partners, suppliers, customers, and skilled workers near your logistics company. All of this makes it easier and more efficient to run your business than if it were in a place where the industry isn't as well-developed.

Global trade agreements

Dubai and the United Arab Emirates as a whole have many trade agreements with countries all over the world. This means it will be easy for you to do business with people everywhere.

Steps to start a logistics company in Dubai

In 2022-23, here are the steps you will need to take to get your logistics licence in Dubai:
1. Choose a company name
First, you have to come up with a name for your business. The name of your business should reflect what it does best, and it should also follow the UAE's rules for business names.
2. Choose between mainland or a free zone
You can run your business from the mainland of Dubai. This is a good choice if you plan to work directly with partners in the emirate.
3. Apply for a logistics licence
You must fill out an application form for your business and send it along with certain documents to the Department for Economic Development (on the mainland) or the free zone's authorities. The whole thing can be done online, and it only takes a few hours.
4. Submit all required documents
When you apply for a logistics business licence, you must provide a number of documents. Creative Zone can help you through the process if you don't know which documents are needed or what format they should be in:
  • An application form
  • A copy of your passport
  • If you are an expat and want to live on the Dubai mainland, a copy of
  • the passport of your local sponsor.
  • An Emirates ID copy
  • Your memorandum of association
5. Logistics licence will be issued
Most of the time, the logistics licence will be given to you in just a few days, at which point you can start your business.
6. Start processing visas
Many people who own logistics businesses hire foreign workers. If this is part of your business plan, all of your foreign employees will also need to apply for visas. At Creative Zone, we can help you figure out how to get visas for your employees. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Real Estate Business / Company Registration Process, Start / Setup / Open a Licensed Play School, UAE Short and Long-Term Residency
Categories Business, Business Setup, company, Oman

How to Setup Business in Oman

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

Oman Emerging business hub in the GCC

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

Business Registration Process in Oman

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

Choose a Business Model

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

Reserve your Business Name

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

Choose the Best Location

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

Documents Required setting up of business in Oman

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

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

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

Create a Capital Savings Account

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

Obtain a Business Seal

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

Post-Incorporation Process

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

Recruit the Best Working Staff:

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

Complete the Visa Application Process

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

Employees Registration

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

Bank Account Conversion

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

Why Choose BlackSwan for Business setup in Oman

Black swan can help you in entire business setup service in Oman, Fill up the form below or call us for a free consultation. Tags: Business Setup Service Oman, Oman Mainland Company Formation, Company Formation in Oman, Company Registration in Oman, Oman Company Incorporation, Opening Branch Office in Oman, Oman Freezone Company Formation, Oman Free Zone Licence & Business Setup Cost, Sole proprietorship, Joint Stock Company, Holding Company, Representative Office
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