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Oman is an Arabian country located in the south eastern Arabian Peninsula. It's been on the priority list of business owners and international investors. For expansion or to start the new business setup at Oman, the location needs flexibility for investors to choose any one of them.
Besides partnership firms, the location allows individuals to initiate with low capital, also called as a sole proprietorship. If you want to invest in Oman for a low capital, then choose a sole proprietorship firm.
Sole Proprietorship Firm
One of corporate structures is the sole proprietorship that gets initiated by the individual serving as the sole owner. The individual can trade on his account and gets a trade license on his name. Owner bears the rights of liabilities and assets.Features Of Oman's Sole Proprietorship
- Single person owned
- No restrictions to close or start
- Owner has the complete control
- Low cost of compliance and formation
- Unlimited liability for the owner
- Losses and profits borne by the owner
- No special legislation
Documents Needed To Set Up The Oman's Sole Proprietorship
- Public Key Infrastructure enabled with ID card
- Public Key Infrastructure enabled with Resident Card
- Authorized Signatories Form
- Individuals Identity Card
Registration Process Of A Sole Proprietorship In Oman
Minimum Capital
The individual must register their business entity for the minimum capital of 3000 OMR for initiating the sole proprietorship firm.Liaise with Ministry of Commerce & Industry
The mentioned documents have to be presented at MOCI for initiating the registration process.Register with Royal Oman Police
It is mandatory for the individual to register the business entity with ROP and get a good standing certificate. Few government approvals are needed to complete the registration process. Trade licenses are issued by the Ministry of Commerce and Industry. Then the core business practices are commenced to make the partnership firm. Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
UAE's oldest free zone is JAFZA. They were founded in 1985. This is home for 7,000 local and international factories, local companies, manufacturing plants, logistics firms and assembling units.
Jebel Ali Free Zone has access to the Jebel Ali Sea port and to Al Maktoum International Airport.
They have a single customs area that reduces cargo clearance costs and times.
Logistics, shipping and trading companies are located in this free zone. If you like to do business setup in Dubai, JAFZA has many benefits.
Logistic Corridor By Sea
Jebel Ali Port has the global open connectivities. This serves almost 150 shipping lines that are capable of managing 19 million containers per year.By Air
Al Maktoum International Airport is the biggest cargo airport in the world.By Land
The UAE region is equipped with the best highway link. This can make the cargo travel faster in Dubai and Emirates.By Rail
Etihad rail is under construction. It links with JAFZA to the Arabian Peninsula.Facilities
Jebel Ali free zone is the vast portfolio of facilities.- Plots of land
- Warehouses
- Showrooms
- Customised development solutions
- Offices
- Business Park
- Retail outlets
- On-site residence
JAFZA Dubai Activities
Based on the kind of business setup in UAE, the license can be different. Some categories are offered like:- Trading
- Industrial
- Service
- Logistics
- General Trading
- First type- upto 7 products of the same group
- Second type- upto 12 products from the same group
JAFZA License Costs
The company setup in Jebel Ali Free Zone is reasonable if compared with other Free Zones. Jebel Ali Free Zone company registration are as follows:- 10,000 AED for registration fee
- 5,500 AED for type 1 license
- 9,000 AED for type 2 license
How to Start a Business
JAFZA company setup is also started without your presence. But you have to visit the free zone if the company’s documents are generated. Lists of documents needed for JAFZA company registration- Application form
- Brief Project Summary
- Passport copy
- Business activities
- Options of Company's name
UAE Residence Visas for Jebel Ali
Jebel Ali Free Zone can make your company eligible for the resident visas. You'll have 1 resident visa per 10 sq meters of office space. Their visas can be valid for 3 years. Health insurance is needed for this free zone. The cheap package is 600-800 AED. Health insurance must be renewed every year.Business Renewal
You have to pay for the company’s renewal. Renewal of the Jebel Ali free zone license can cost the same as JAFZA company registration. Company renewal is done without visiting the Jebel Ali free zone. You have to give the company's audit report during the renewal process. Audits are done through UAE license & accredited auditing companies. Licenses are renewed for three years in companies that have a plot of sublease and land facility.Corporate Amendments
The amendments of JAFZA company can proceed without visiting the free zone. Amendments like- Changing name of business activity
- Changing director or manager
License Cancelation
Liquidation procedure needs the physical presence of the owner or may be done through the Power of Attorney holder. Free zone requests you to submit the original documents and pay the liquidation fee. The fee of license cancellation costs around 2,000 AED. Company closure can approximately take 1 month. JAFZA company register gives the certificate of liquidation on the completion of procedure. Jebel Ali Free Zone are suitable for the following process- International Trading
- Importing And Exporting
- Distribution And Logistics Manufacturing
Benefits Of JAFZA Company
- Largest UAE Sea port in free zones
- Plots and warehouses of land
- Retail locations
- Faster bank account opening process
Oman business and legal framework has a flexible way so any corporate structure can fit in their business arena.
Investors everywhere from the world find Oman as a platform for the business establishment. The location is in demand for the present times.
If you're an owner or business investor, looking to set up a business in Oman, you can choose to incorporate the Joint Stock Company.
Joint Stock Company
The Joint Stock Company has business structures where shareholders can sell or buy shares of the company. Joint Stock Company has a capital divided into shares that will be shared at an open market.Oman Joint Stock Company
Oman has the platform for owners and business investors to initiate a Joint Stock Company. The companies which trade the shares publicly are called Public Joint Stock Companies. Omani rules for some essentials are- Minimum share capital must be 150,000 OMR
- The minimum of two shareholders
- 30% of shares held by an Omani shareholder
- Get approval from Ministry of Commerce & Industry
- Oman legal guardian consent
- Memorandum & Articles Of Association
- Company’s Feasibility Study
- Company’s proposed by-laws
- Bank Certificate With The Deposit Of Initial Capital
- Sponsor's Non-Objection Letter For Oman residents
- Passport copy for foreigners
- Certificate of Criminal record clearance for the foreigners
- Financial stability proof
- Certificate of Company Registration
- Oman Company's Minutes Of Meeting
Process To Set Up The Joint Stock Company (Oman)
- Name reservation for business entities
- Applying to Director General Of Commerce (DGC) with aforementioned documents
- Payment has to be made
- DGC can respond within 30 days related to the confirmation of company's formation
- Constitutive General Meeting needs to align with the registration process
- Election of auditors and board members
- Duly filed commercial registration form in Arabic, also signed in Registrar Office
Benefits To Form The Oman Joint Stock Company
- 100% ownership
- No personal or corporate tax
- Strategic Location - open gates to Middle-East countries
- Fast economy development
- Friendly Government initiative
- Natural resources
- World class infrastructure
The market has slowed since the past two years, but Dubai real estate still generates impressive returns. Excess 6% of yields makes Dubai’s property market to be more lucrative than prestigious cities.
For instance, London gives an average yield of 4.4% when New York returns 4%. These returns make Dubai real estate attractive for investors all around the world. If there's a thriving investment market, there is a demand for related services like property management, brokerage and development.
With the right support, these businesses are affordable and straightforward. Here you learn how to start your real estate company in Dubai.
Are you getting ready to start a real estate business in Dubai?
Either you wish to start a property management company, the real estate brokerage business, or become a developer, there are few steps to consider if applying for a license. You have to outline your business activity. It determines the kind of service you're permitted to provide. For instance, if listing a real estate brokerage as the activity then you can rent proof act like a representative for the seller of a property, manage property on behalf of owners and consult on property sales. Several property related business activities can be chosen from. It can be vital that the chosen activity aligns with the activities you like to carry out. You can work with a company formation expert at this stage.Choosing The Company Name
UAE has strict rules while choosing the name for your company. You have to follow a set of naming conventions. A professional in company formation can help you with it. Avoid using offensive languages. Plus avoid names of known organizations, and abbreviations. For instance, use Dave Mann Consulting besides D Mann Consulting. You can check if your chosen name can be registered You have to establish your business in the mainland or free zone before making the license application. Free Zones like Fujairah Creative City have benefits like easy incorporation process, financial incentives, ongoing business support like zero currency restrictions and tax exemptions. Mainland can permit you to trade directly with the UAE market and has lucrative government contracts. The setup must be suitable for the nature of your business. A company formation expert will advise the best approach.Real Estate License Application
The setup type, activities and name can make the license applicant start the real estate business in Dubai. For property management services and brokerages, you have to apply for the professional services license. Apply directly to the DED or to one of the UAE’S free zones. The free zones are cost-effective and straightforward to start the real estate company as well give benefits like zero percent corporate and personal income tax, and 100% tax exemptions. The United Arab Emirates has free zone businesses to repatriate the invested profits and capitals. They have no currency restrictions or foreign exchange controls. You need extra accreditation to operate in the United Arab Emirates real estate industry. Pass the Certified Training of Real Estate Brokers course to get approval from the real estate market. Once you take the course from the Real Estate Regulatory Authority and pass, you can be issued with the permit to start trading. Prior knowledge is required to start a business in the UAE. Note down the application process to submit them error free. It's best to work with the company formation specialist if establishing a new company in the UAE. They can guide you for opening a corporate bank account, handle your license application and find the suitable financial institution to match your specific needs. They provide visa and immigration services, handle work permits, visas and government formalities that are needed to trade in the UAE.
Like GCC countries, Oman company registration needs the involvement of some steps. Here comes the basic requirements that must be considered.
Oman Company Registration Process
Oman's company registration is the process where the business entities are given a physical platform. There are few steps for starting the process. They are for incorporation and post-incorporation process to follow for opening a company in Oman.Oman's Incorporation Process
Trade Name
The trade name must relate to business and must be unique. Choose a name and submit its application to the Ministry of Commerce & Industry.Submission Of Incorporation Documents
It is the initial stage where needed documents are submitted for initiating the incorporation process. Essential documents are:- Memorandum and Articles Of Association.
- Shareholders' Passports And Visas.
- Certificate of Tax Registration.
- Shareholders ID card.
- Filed Company Registration Form.
- Certificate for Chamber of Commerce & Industry Affiliation.
Opening The Capital Account
When the documents are submitted, the capital account must be opened to deposit the fees of initial incorporation.Registration With Chamber Of Commerce
You can register with Oman's Chamber of Commerce & Industry for compliance with commercial regulation and rules needed for the corporate in Oman.Register Your Business
It involves the submission of essentials like:- Legalized Opening Forms.
- Share Capital Certificate.
- Municipality Approval.
Oman's Post-Incorporation Process
Visa Application
Apply for visa services for your employees, after the incorporation process. You can talk with visa consultants to get the visa services at a faster pace.Employee Registration
Employees have to be acknowledged for the part of the business entity and the employee's registration must be mandatory under a company name.Conversion Of Bank Account
Business capital account must be converted to a current account to ease the business transactions. Tags: Company Formation in Oman, Business Setup Service in Oman, Oman Mainland Company Formation, Company Registration in Oman, Oman Special Economic Zone of Duqm, Oman Free Zone Company Formation
Dubai has the encouraging environment for business investors and entrepreneurs to thrive. Company formation in Dubai allows organizations to trade inside the local business sectors like the direct businesses. Organizations have to enlist in the Dubai mainland through the Department of Economic Development of Dubai.
To save cash and time, you have to complete your business setup process via a professional consultant. Black Swan gives solutions for your business set up in Dubai mainland. We have experienced business consultants at Dubai to give you direction and help you in the company formation process.
We offer an UAE local business sponsor to form a company in Dubai's mainland. Dubai's business set up has UAE trade licenses, company enlistment, PRO administrations and government endorsements.
Black Swan comprehends to set up a business in Dubai, with zero hassles and at affordable prices making proper connections, professional guidance and expertise. We observe customers' business and necessities and help to give solutions to set up a successful company within the best market cost.
Company Formation Locations of UAE (Dubai)
Dubai is the developed business set up destinations of the world. It has foreign investors and international entrepreneurs to build up their businesses in Dubai. Some popular regions for Dubai's company formation are:Sheikh Zayed Road
Here the business setup has been a well-esteemed alternative for few businesses. Sheikh Zayed Road flaunts an amazing network and broad horizon that showcase its riches and development of Dubai. Their famous pathway had the portion of world's business pioneers and greatest corporate names of the industry.Business Bay
This is known to be the focal business area that is ideal for any type of business niche. It has proficient consultancies, monetary areas, hotel industry and retail industry.Al Qusais
It is located on the edges of Dubai with well developed business set ups. Educational institutes, shopping and clinical centres can be set up in this region. If you register your company in Al Qusais, it can make an economical choice.Al Quoz
It has enormous garages, warehouses and labour accommodations. This is located on the west side of Dubai between Al Khail Road and Sheikh Zayed Road.Deira
This is the most suited place for brokers, new businesses, little shops and SMEs. It is loaded with Dubai's customary shops known as souk, that offer business openings for dealers.Jumeirah
This has residential plots and fantastic tourism sectors providing extravagant business development modules. It offers freehold properties to make SMEs set up companies.
When registering a company in Oman, Mainland makes benefits to foreign investors like free trade zones, tax exemptions and government special land allotment for prominent International investors and entrepreneurs.
Oman has the global playground and macroeconomic environment positioned in 20 main nations of the world based on the World Economic Forum.
Oman has venture openings and gigantic business availability. The Ministry of Commerce and Industries search for creative approaches to help business visionaries and businesses to succeed.
Oman has an incredible spot to settle as an immigrant family. Public authority makes it simple to settle, offers freehold properties alternatives along with property rights and a protected climate.
New guidelines for properties usufruct the mortgage system that permits foreign investors and International entrepreneurs to appreciate long haul properties for supporting the real estate sector. Best in class infrastructure makes it simpler to drive and move to Oman.
Oman has a few air terminals to support transport between urban communities.
Process Of Oman's Company Registration
The company registration in Oman has a cycle where the business entity has the actual stage. There are few steps to be followed in this process. Below mentioned are the means identified by the incorporation just like the post-incorporation process to follow when you chose to set up a business in Oman.Oman Mainland Incorporation Process
Documentation for Oman Mainland Incorporation
Essential documents must be submitted for starting the incorporation process. They are:- Certificate of Initial Deposit
- Identity Card of Shareholders
- Tax Registration Certificate
- Filed Company Registration Form
- Shareholders' Visas and Passport
- Memorandum and Articles of Association
- Chamber of Commerce and Industry Affiliation Certificate
Capital Account Opening
As the documents are submitted, the capital account must be opened to deposit the initial incorporation fee.Incorporation
This step has the submission of essentials like:- Municipality Approval
- Share Capital Certificate
- Legalized Opening Forms
Are you planning to set up a company in Dubai?
From starting your company and getting amazing office location to getting you a local service agent (if sponsor required).
Get amazing packages from start to finish.
Contact us on +971 56 219 3732
Setting up a business in Dubai's mainland has been the most profitable opportunity for the foreign investors to turn their entrepreneurial ideas into reality. This can be the preferred destination for investors for registering their business and to sell in the United Arab Emirates market.
Various reasons are behind the popularity of companies in Dubai's mainland. It includes the liberation to conduct business operations anywhere in UAE and Dubai. You must follow the standard procedures of mainland business setup in Dubai.
Dubai Mainland License
The mainland business setup of Dubai is called the onshore process of establishing the business. This can give you the chance to run your business at the center of Dubai. You can do business with UAE customers and their world seamlessly. Apply for a license to set up a business in the mainland. Procedures are simple and are quickly done online. Mainland's commercial activities can be governed by the Department of Economic Development (authority responsible to issue the license). The process of Dubai's mainland business setup can be made easy with foreign investors, and the government has a mandatory provision that partners with a local sponsor. The local sponsor has a shareholder that accounts for 51% of company shares and allows you conduct hassle-free business operations with local and government businesses of UAE. But the local sponsor may not be necessarily involved in taking part in decision-making of the company and use the exchange for the fixed annual fee.Kinds Of License For The Mainland Business Set Up In Dubai
Based on your niche, there are various mainland business licenses available. Main types of permits for the mainland business setup of Dubai are: This license has a plethora of service activities. For instance, you get a professional license to offer medical and counseling services. This license is composed of an extensive range of trading activities. For instance, if you sell the physical products offline or online, you require this license. If you'd set up an industrial or manufacturing business in Dubai mainland, you have to apply for this kind of license.Legal Structures For Dubai’s Mainland Business Set Up
Different legal structures are permitted to set up a mainland business in Dubai. Your choice of legal framework can depend as per your needs besides your budget or industry.- Branch
- Sole Establishment
- Limited Liability Company
- Civil Company
- Representative Office
- Subsidiary
Advantages Of Mainland Business Setup in Dubai
If you're having thoughts of setting up a business in the mainland, you get a lot of opportunities. Five core benefits for setting up a mainland business in Dubai are:- Exemption Of Taxes
- Operation Flexibility
- Vast Business Activities
- Bidding On Government Projects
- Legal Procedures
Process Of The Mainland Business Set Up In Dubai
Here are the step by step procedure to set up the Dubai's mainland business:- Business Activity
- Company Structure
- Approval Of Trading Names
- Business License
- Get Approvals
- Visa Application
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