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Category Archives: Business

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Categories Business, Business Setup

How to Setup HR Consultancy Company in Dubai

A skilled, qualified, and experienced personnel is the foundation of any business. They will increase production and the entity's growth. Choosing the right men for the proper job is always a difficult process. HR consulting firms in Dubai can assist businesses in identifying and hiring qualified personnel. Do you want to start an HR consultancy firm in the UAE? The UAE is home to a plethora of businesses owned by both residents and expatriates. The majority of them would be looking for new employees. This circumstance makes establishing a human resource consulting in the UAE a profitable alternative. A Dubai HR consultancy license might pave the road for a prosperous entrepreneurial journey. Black Swan will handle all of the official paperwork, assist you in finding the right office space, and handle all of the criteria for acquiring an HR consultancy license in Dubai or any other region in the UAE. We would be your ideal partner in establishing an HR consultancy in the UAE. Black Swan can help you launch your HR consultancy business in the UAE. Contact us if you want to know how to create an HR consultancy in Dubai/ UAE or if you need any additional advice/support in this regard.

FAQs

Is it a smart idea to launch a recruitment firm in Dubai?
A recruitment firm in Dubai has a lot of room for expansion. It is the best choice to establish a recruiting firm or HR consulting in Dubai.
Is it difficult to establish an HR consultancy in Dubai?
It is not difficult to establish an HR consultancy in the UAE. You can contact us for further information on HR consultancy establishments in Dubai/ UAE.
Can I establish an HR consulting firm in Dubai under my own name?
You can create an HR consultancy firm while adhering to Dubai's naming regulations. It is permissible to use your name to establish an HR consultancy in Dubai. Abbreviations, on the other hand, are not permitted.
How much does it cost to obtain an HR consultancy license in the UAE?
In the UAE, there is a small charge for establishing a recruitment firm. Please contact us for additional information on the charge.
Will you assist in establishing the legal structure of the HR consultancy in Dubai?
Yes. We will assist you with the entire formation and business licensing process of an HR consulting firm in the UAE.
Categories Business, Business Setup

Important Things To Remember When Opening A Dubai Corporate Bank Account

Dubai has been the dreamers paradise to attract business persons from all over the world. The governmental policies and regulations are suited for the growth of the businesses. This serves as the factor to lure business firms in UAE or Dubai. You can find the success stories of many individuals who arrive in the United Arab Emirates having hope in their eyes and turn out to be a millionaire within a few years. 

Dubai's business services will support you in establishing and commencing your business operations throughout the country. The trade license, basic requirements and the legal structure depends on the business type you intend to choose. The procedure to set up for companies like Freezone, Mainland, and Offshore will differ from each other. Also, the license requirements depend on whether you start a commercial, industrial or professional business entity. 

It's crucial to open a corporate bank account for establishing a firm in Dubai. Although the procedure can be simplified, you require assistance from the reputed business setup services of Dubai to open a bank account and  comply with the formalities. Many individuals are unclear about the process, which puts them into a perplexing situation. Here, we will discuss the important things to remember when opening a Dubai corporate bank account. 

How To Open A Dubai Corporate Bank Account

Companies which are registered in the United Arab Emirates can open a corporate bank account in Dubai, irrespective of its company's type. The business owner must submit the documents like license details, initial approval, and required certificates to the bank for its approval. It includes documents of the individual that proves their identity.

When the stakeholders have individuals from foreign countries, their identification documents must be notarized at their home country and get attested. After the document attestation at the Ministry and the Consulate or Embassy of the UAE in the home country, it should be submitted to the UAE’s Ministry of Foreign Affairs. The final attestation happens in the Ministry of Foreign Affairs (MOFA). Only then the documents and certificates of the foreign individuals are valid after their final attestation.

The Central Bank lays down a few criteria for scrutinizing the applications. The business area, company's expected turnover and its type, also the amount deposited will be verified at the account opening process. This gets more stringent if you establish an Offshore Company, for avoiding tax evasions or similar frauds.

Necessary Documents For Opening A Dubai Corporate Bank Account 

  • Trade license.
  • Company registration certificate.
  • Certificates and data of shareholders.
  • Details of clients, buyers and suppliers.
  • Passport copies of stakeholders and owners.
  • Calculated data of expected turnover.
  • Company's declaration of authorizing a person to open the corporate bank account.
  • Documents needed based on the amendments in regulations.

Benefits Of Having A Dubai Corporate Bank Account 

  • Safe and easy transactions such as the capital's transfer from and to Dubai.
  • Maintains secrecy about your data and transactions.
  • Currency exchange options. 
  • Phone banking facility.
  • Transact in multiple currencies. 
  • Use the services of international banks.
  • Get a credit card and loan facility with added advantages.
  • Credit facility.
  • Flexible in transfer of accounts. 

Commercial Business Registration Process in Oman
Categories Business, Business Setup, Oman

Commercial Business Registration Process in Oman

Businessmen and investors can submit applications to exercise commercial business with the Governmental commercial services and Ministry new electronic services. It was initiated in 2006, to facilitate investors for the speed registration process through the directorate of investors services in the Ministry by self or with directorates.

Directorate Of Investors Services

The electronic system of ministry started the governmental commercial services that use information technology to limit approvals related to industrial, commercial and mining forms the government sides that participate in one station. 1st stage: Apply the service to the Ministry of Commerce and Industry or its branches. 2nd stage: Procedure for finalizing the offices. 3rd stage: Self service that is planned and implemented in 2009. All the approvals and applications are online, so investors procure services in any time and place. Applications that are submitted in Muscat differ from other geographic regions and governorates. Here the applications that have been submitted in Muscat take a different direction as it is electronically shown to all directorates. It participates in the directorate of the investors services / the one station. The one station is the part of the Ministry of Commerce & Industry that has employees from official governmental bodies and different ministries responsible for approvals and license issuance to establish the commercial business in Muscat.

Mechanism To Submit Applications

1. Investors can submit the electronic application to directorates or to the investors services.
  • Book the applications of trade names.
  • Commercial record issuance applications.
  • Applications of commercial registration like sales registration, renewal, and increasing capital.
  • Registration for the applications of trade marks.
  • Commercial agencies registration applications.
  • Commercial approvals applications like marketing offers and importing licenses.
  • Applications of mining licenses.
2. New systems can reflect the simplified procedures by making use of economic activities from the international classification system, also cancelling the companies branches and corporations inside the Sultanate, where branches merge with head office under the executive order and the branches attributing the origin. 3. Notify the investor with the submitted application status through email or sms. 4. Speed and transparency to fulfil the formalities. 5. Reduce the usage of forms and paper. 6. Applications are submitted to the directorates or Ministry of Commerce, & Industry / related regional directorates/ lawyer's offices/ finalizing procedures offices/ accountants.

Procedures

1. Application submission Investors can apply for necessary commercial services to the next door's directorate of investor's services to the Ministry of Commerce & Industry in directorate or Ruwi/ related regional directorates/ lawyer's offices/ finalizing procedures offices/ accountants. 2. Data Entry Employees must input the data with computers by communicating with investors and light surveys of needed documents. 3. Issue approvals
  • Applications that don't require auditing, review, notifying the investors of needed fees through email or sms are directly approved.
  • Some applications need auditing or approvals by participating in the office. After that the investors are notified through sms or email about the application status or if any fees required.
Procedure For Business Setup in Dubai Gold And Diamond Park Free Zone
Categories Business, Business License, Business Setup, dubai, Free Zone, uae

Procedure For Business Setup in Dubai Gold and Diamond Park Free Zone

The protocol to start a gold and diamond business in Dubai Gold And Diamond Park Free Zone is similar to other Free Zone domains in Dubai. The documents and formalities needed for business setup in Dubai Gold & Diamond Park Free Zone depends on the business licenses you opt in Dubai. Business that come in jurisdiction is Free Zone Establishment (FZC), Free Zone Company (FZC), or branch office of an international or domestic firm. The basic structure and shareholders number required are unique to the company you form.

Dubai Gold And Diamond Park Free Zone Business Setup has several steps

  • Identify the company type you like to set up in the free zone.
  • Register the trade name of the entity. The business name must be as per the naming guidelines offered by the authority.
  • Getting initial approval for business activities.
  • Extra permissions and approvals.
  • Application submission with required documents for the company's incorporation.
  • Full-fledged business activities commenced after the incorporation of the business setup in DGDP.

Documents Needed For A Business Setup In DGDP

  • Shareholders passport copies.
  • Board resolution to establish business in Dubai Gold and Diamond Park. Business Setup Free Zone.
  • Resume and passport of designated manager.
  • Article of Association.
  • Memorandum of Association.
  • Lease/ rent agreement of the commercial space or office.
  • Power of attorney if a business setup services like Black Swan aids you in the company formation in DGDP.
  • Documents of business registration and company license of the parent company like the representative office or a branch office.

Permitted Activities In DGDP

Legal activities that relate to diamond, gold and precious metals are pursued in DGDP. Many elite business entities of diamond and gold business have their branch in DGDP.
  • Trading Diamond & Gold
All types of trading like diamond, gold, and jewelry that are made with stones and precious metals.
  • Ornaments Manufacturing
You can open a manufacturing business setup in DGDP for diamond and gold ornaments.
  • Retail Business
Firms will conduct retail sales and purchase materials and products.
  • Professional Services
Individuals who are experienced in this sector extend their professional services after getting their professional license.
How to Start Lifestyle Consultancy in Dubai
Categories Business, Business License, Business Setup, dubai, How To, uae

How to Start Lifestyle Consultancy Business in Dubai

After the pandemic, people have shifted their attention towards mindful living. This results in increased opportunities among 'lifestyle consultants'. Consultants help clients to manage fitness, style, relationships, nutrition, and many more. They focus on the lifestyle of the clients and guide them to make positive changes and align them with their goals. This new industry is a lucrative opportunity for people who like to start a business in the United Arab Emirates. The United Arab Emirates has 90% of foreign individuals in their country. It has a unique landscape of people with a diverse portfolio of different individuals and lifestyles, making the diverse market to get better. Here, you'll explore how to start your lifestyle consultancy business in Dubai.

Choose Your Company Name

After choosing your business activity, you must select a name for your business. It is important because the name of the business represents your brand. The name you choose must adhere to the rules of UAE authorities and must not be offensive.

Select Your Location in Dubai

You must choose the suitable location for your business. Mainland and free zones are the two main locations you can select from. It has its own advantages and perks. Mainland locations provide direct access to markets while free zone locations offer ease in business setup, low financial costs, diverse licensing perks, easy applications, and many more. Choosing a suitable location will seal your deal to turn your business dream to reality.

Business' Legal Structures

A legal structure your business undertakes depends on the location you choose. Mainland business can access LLC legal structure allowing for sole proprietorship, or partnerships. Free zones offer 100% ownership to the entrepreneurs regardless of business activity and nationality. You can register the company as a Free Zone Company (FZC), or a Free Zone Establishment (FZE). FZCs need two shareholders or more and FZEs require one shareholder.

Trade License Application in Dubai

You must acquire a license if starting the lifestyle consultancy business. The trade license allows its holder to engage in the business activities in the United Arab Emirates. This document is necessary for every entrepreneur. You should apply for a consultancy license and specify as lifestyle coaching for your lifestyle consultancy business. To apply for the license normally, you should submit your documents to the particular Emirati government authority. For a free zone, you must submit your documents to the specific free zone authority.

Documentation & Paperwork to setup Business

This is a vital step to make your business to run smoothly. Every entrepreneur and firm must abide by the laws and regulations of the UAE. After this step, you're legally permitted to commence operations. Black Swan can help you in Business setup service in Dubai. Call / Whatsapp +971 56 219 3732 / +971 4240 6939 or Fill up the form below to get an affordable business license in Dubai. Related Links:
How to Open Retail shop in Dubai
Categories Business, dubai

How to Open A Retail Shop In Dubai

As an entrepreneur, you must consider the option of opening a retail shop in Dubai. Businesses like retail shops are successful in many parts of Dubai. Some areas offer profits as the majority of the population grows rapidly and financially strong. Many foreign and local residents get a good income in Dubai. Thousands of tourists stay in Dubai, which is the boosting factor in the retail sector. Many retail shops are present, but opportunities come up for retail businesses.

Benefits Of Opening The Retail Shop In Dubai

Dubai’s retail sector is the thriving industry that contributes to 22.85% of total GDP in the UAE. It gives several benefits to people who wish to set up a retail business in Dubai. Here are six benefits that business owners enjoy on opening the retail store:

Choice Of Business Location

Dubai has more than 30 freezone areas and mainland locations for businessmen to open shops in Dubai. This free zone gives complete ownership to the company with 100% profit repatriations.You'll have to do the business outside of Dubai only. Mainland owners can enjoy benefits like full ownership and no-taxation similar to free zones, also can run the business in UAE local market areas and outside as well. This flexibility allows businessmen to open the retail shop in Dubai.

Expansion Opportunities

Dubai provides business expansion opportunities such as B2B, B2C and C2B trading to entrepreneurs. Dubai’s tech savvy people can support the growth of eCommerce businesses. You're free to conduct online promotions and digital advertisements.

Supportive Government

Dubai's Government provides continuous support and cooperation to investors across the globe. They've prime facilities and profitable business schemes all through the year. The Dubai government gives long-term residency to investors, entrepreneurs and business owners.

Easy Business Set-Up Method

Dubai has the best cooperative legal structures for all entrepreneurs and investors. You'll find it easy to manage the paperwork of the retail license Dubai within some days.

High Standard Of Living

Besides the opening of retail business, you can get a quality life in Dubai. The United Arab Emirates holds 20th position at the World’s Life Quality Index. It is due to the best infrastructures, top-class hospital facilities, and talented people. The major population are expatriates, so you can live in different cultures, communities, and religions.

Taxation Benefits

There are many tax benefits for entrepreneurs from the Dubai government. Many liberalists policies focus on investors, making it easy to open a retail business in Dubai. You're free from import-export duty, income tax, or personal tax. You'll get 5% compulsory VAT, based on the retail business activity you'll choose.

Steps To Open A Retail Shop-Dubai

It's simple to open a retail shop in Dubai as compared to other locations. Follow these steps to run your shop within a week:
Step 1: Retail License In Dubai
You should get the retail license and needed certifications from authorities. DED can permit the sanction of a retail license in Dubai.
Step 2: Business Jurisdiction
You can open a small store or mall in Meena Bazar, but you must know the jurisdiction. You should adhere to the terms of jurisdiction to set up the retail business in Dubai.
Step 3: Permissions For Renting A Shop
You must choose a shop location in Dubai, as it comes with extra challenges. It requires permissions to obtain from Dubai Municipality Body.

Documents Needed To Open A Retail Shop (Dubai)

The paperwork depends on the type of business activities of a retail shop. There are few documents needed to register and open the retail shop in Dubai.
  • Managers and shareholders passport copies.
  • A copy of the owners' Dubai residence visa.
  • Ownership deed or lease agreement of your retail shop.

Cost To Open A Retail Shop (Dubai)

The minimum of 20,340 Dh, ranking note charge, and myriad payment fee is required. A common trading license needs Dh 1500 and a fee of Dh 10,000 given to the Dubai Municipality. You have to pay Dh 3000 to MED (Ministry of Economic Development) and Dh 1200 to the Dubai Chamber of Commerce. Other expenses like renting the shop and paying employees' salaries are also required.

Conclusion

To open the retail shop, you'll need a registration process like submissions of multiple documents and obtaining approvals from many departments. You must get professional support to open a retail shop. Contact Balack Swan to get help for a business set up in UAE/ Dubai and Oman. Our consultants can execute the complete operation for your retail shop. Tags: Business Setup Companies in Dubai, General Trading License in Dubai, Food Stuff Trading License in Dubai, Supermarket License in Dubai, Setup A Tailoring Shop in Dubai, How to Setup Boutique Business in Dubai
how to setup forex trading company in dubai
Categories Business, company, dubai, How To, uae

How to Setup a Forex Trading Company in Dubai

Stock market is an active and dynamic industry for starting a forex trading company in Dubai. People around the world trade in various sectors. It's the largest market in the world which involves daily trading volume. Dubai stands out due to its business-friendly environment and well-developed financial system. You can open a forex trading company setup in Dubai on the mainland or in the free zone (DIFC).

Set Up A Forex Trading Company (Dubai)

If you like to enter the forex trading industry, here are the steps to guide you:

Analyze The Market

Usually people don't analyze the market in-depth. Before any step, you must know the pros and cons involved in the forex trading business. Now the digital revolution makes it easier. You can research and contact the right forex broker, they'll help you understand the aspects of forex trading. The experience you have will determine the needs. If you have a previous experience in the stock market, you can go for advanced platforms which offer forex trading api or service. When you're a beginner, you can stick to a simple trading platform. You should evaluate before you set up the forex trading company.

Choose A Broker

Get to know whether the broker is regulated under a government agency. Enquire if the broker functions as the market maker or uses the electronic communication network. The elements to consider are the margin, broker, demo account, narrow dealing spreads, educational resources, trading platform offered, customer service, and educational resources.

Obtain A Foreign Trading License In Dubai

Solicit the license to open the forex trading companies from Dubai Financial Service Authority. This has the independent legal procedure that monitors the trading of commodities exchange, and international equities in the United Arab Emirates. When you pass the credibility test, you'll get a license to run your forex trading company.

Open A Trading Account

You can now begin the forex trading with the live-funded account. Set an easy trading plan and stick on with it. You must hire a local business consultant to open your forex trading company. The value insights can make you understand the market, get the business license and set your forex trading company in the United Arab Emirates.

Advantages Of Starting A Forex Trading Company In Dubai

Like other businesses, forex trading is profitable in Dubai. Here are the advantages:
  1. You can trade from anywhere, at any time and earn profits. You just need a smartphone or a computer with proper internet connection to trade. Forex trading is manageable with high liquidity, minimal risk, and low transaction cost.
  2. You get zero percent tax policy in the UAE. It allows you to earn extra revenue and helps you to establish a trading company.
  3. It is easy to set up a forex trading company in Dubai. People get skeptical to invest in exchange market. But with secured and regulated by Dubai Financial Service Authority, the investors can trade in foreign exchange.
Tags : Business Setup in Dubai, eCommerce Licence in Dubai, Trade Licence in Dubai, Freelance licence in Dubai, Professional Licence in Dubai
How to Setup Physiotherapy Clinic in Dubai
Categories Business, Business Setup, dubai, uae

How to Setup Physiotherapy Clinic in Dubai

The UAE is known for its healthcare facilities. They have advanced medical and healthcare technologies for people across the globe. It is one of the promising sectors, when it comes to investing in industry. Dubai offers prime medical services in public or private healthcare systems. It allows foreign investors to wonder how to start a Physiotherapy Clinic business in Dubai. It is challenging to own a physiotherapy clinic as a physiotherapist, since you redesign the career as Professional Therapist, while being an entrepreneur. To start and manage your clinic comes with risks and responsibilities. But with many years of business plan and practice, you'll find it easy to startup your own clinic. Getting new patients and repeated customers can be a major benefit for your physiotherapy clinic. Here's how to consider the planning for your physiotherapy business. To set up a clinic, hospitals in Dubai or healthcare business setup in Dubai, the Dubai Healthcare City will empower you with it. Let's take a look at the healthcare business setup in Dubai and the ways to obtain a private Physiotherapy Clinic license in Dubai. Many advantages are present to set up any Physiotherapy Clinic in Dubai. Being the business friendly environment and exempted for tax, the benefits of healthcare business in Dubai are:
  • 100% foreign ownership
  • Zero corporate taxes or income tax
  • No customs duties for services and goods
  • Vast range of real estate solutions
  • Get opportunity to collaborate
Private hospitals and clinics are the preferred choice to get individual care and quality services. The population of Dubai is specific in getting quality education, lifestyle, medical facilities, and career, and the healthcare business setup in Dubai gets increased profits.

Process To Start The Physiotherapy Hospital/ Clinic In Dubai

  • Fix the business type or legal entity. It may be the LLC or branch.
  • Choose a name and get them legally registered.
  • The copy of a business plan and documents must be submitted to the free zone authority.
  • Get a board resolution of shareholders.
  • MOA must be signed by shareholders and submitted.
  • Obtain a signed legal agreement at the HDCC office
  • A private clinic license must be applied in Dubai
  • Pay the fees once your business plan and application gets approved.

Documents Needed To Get A Dubai's Private Physiotherapy Clinic License

  • Proof of trade name reservation.
  • Initial approval for activities' certificate.
  • Manager and shareholders passport copies.
  • Manager's resume copy.
  • Documents of personal information of manager and shareholder.
  • Proof of lease agreement.
  • Notarized MOA.
  • Power of attorney to appoint a business advisor.
  • Get Articles Of Association from UAE Embassy.
  • Physical address of medical facility.
Oil & Gas Company Setup in Dubai
Categories Business, company, dubai, uae

Oil & Gas Company Setup in Dubai

The United Arab Emirates has one of the huge oil and gas industries across the world. It is one of the core elements of the UAE’S national economy. Some years back, the UAE economy was dependent on traditional activities such as fishery, pearl fishing, and date palm plantations. The economic sector has totally transformed, after the opening of the first oil industry. The oil industries' products generate revenue through the export of raw materials. The oil and gas industry plays an essential part to the UAE with a high amount of per capita income. It must be noted that UAE's government carries the active diversification of the national economy. The products and assets that come from the oil and gas sector are invested in trade, manufacturing industry agriculture, tourism, and social sectors to enhance the economy of the country. Therefore, the oil and gas industries in the United Arab Emirates made it possible to develop a well-developed infrastructure along with sci-fi technology to attract many foreign investors every year.

Oil and Gas Industry in Dubai

A well-equipped machinery with a system of pipelines connects port terminals, refineries, and field facilities to extract oil. This was originally developed by the United Arab Emirates. Piping system provides an effective operation for all the companies involved in the gas sector, where a gas pipeline connects the Emirates and Qatar. Large portions of oil are produced in the UAE region and are exported throughout the world. Multiple ways are carried out to export the oil and gasoline products. Shipping terminals are supplied with alluring infrastructure and new equipment. It is transported to ships and oil tankers, to South Korea, Thailand, Japan, USA, Western Europe and many more. Natural gas is the resource to produce electric energy. Continuous fuel consumption over natural gas production creates scarcity. With continuous population growth, the government increases the volumes of the produced gas, and promotes the new alternative energy sources. Now the natural gas in Emirates, is used to produce electrical energy and also to produce oil and desalination of water resources. The gas production in the United Arab Emirates is of high cost and is in demand throughout the world. There are few difficulties in extracting and producing volumes annually. Through constant improving networks of connecting pipelines and developing modern technical well equipped plants in UAE and abroad gives a major proportion towards the economy and increases the GDP.
Shams Free Zone License & Company Formation
Categories Business, company, company formation, Free Zone

Shams Free Zone License & Company Formation

One of the best Free zones of Sharjah is Shams Free zone. This agency offers media, tech, or creatively based business licenses to freelance entrepreneurs and to new booming companies. We offer methodical, systematic, and economical free zone company establishments. Shams Free Zone orders registration of businesses in Sharjah. Our business advisors and consultants in Shams give assistance to your company start up process with a hassle free process. Free Zone can cheer up business magnets, persons, and new ventures for initiating business in Sharjah with a complete foreign ownership. It gives affordable costs across world class services.

Company Establishment With Free Zone Trading License In Sharjah

Shams business startup consultants can make a creative business capitalism available for new venture firms, budding entrepreneurs, existing companies, and small-midsize enterprises. This is available to anyone who can expand companies from local to international. Shams can create and cherish their bonds with skillful persons as these skillful minds can give a powerful base for them.

Free Zone Company Formation In Sharjah

The free zones of Shams is located in Sharjah which gives a high level framework, resources, architectural setup and services to entrepreneurs and businesses that builds a better culture, economic diversification and improved education, giving a complete aggregate civic centered techniques.

Benefits Of Free Zone Company

  • Complete ownership in the free zones of Sharjah.
  • Exception of export and import taxes for products.
  • Capital and profit repatriation of the complete amount.
  • Exceptions from the state government ruled commerce duties.
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