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How to get E Trader License in Dubai
Categories Business, Business License, dubai, How To, License

How to get E Trader License in Dubai

E trader license is for home-based entrepreneurs or individuals selling services or products through social media platforms such as Instagram. The E-trader license was introduced by the Department of Economic Development (DED) in Dubai for regulating the sales of online commodities that are sold through social media websites. It helps to curb the sales of fake commodities and goods over social media. License can be the confidence booster for buyers or customers who indulge in online purchases through social media platforms. If getting the e-trader license in Dubai, you engage with offering services or products for sale on social platforms. If you don't want to hire an office, and look to work from home using social media platforms, then the e-trader license of Dubai can be the ideal solution to flourish your business. E-trader license of Dubai permits you to do online business in Dubai for selling your services and products to other Emirates. You have to get separate approval from DED authorities.

Who can apply for the E-trader license in Dubai?

Home business people and individuals who sell and endorse online products through social media or websites must apply for an E-trader license. E-trader license is required for all online sales who use a valid social media account. It refers to housewives and mothers who stay at home and indulge in sales of fashion apparel, hand-made items, jewellery, services and goods through several online platforms. Dubai's E-trader license can be applicable for home-business endeavours, where office space requirement is not essential as Ejari documentation gets irrelevant here. Freelancers offering several online services can apply for an E-trader license. A single individual owning a home-based business doesn't need a local partner to apply for an E-trader license in Dubai. E-trader license is suitable for the sales of commodities and goods through E-commerce websites. The license applicant must belong to the GCC national or a UAE national. Besides GCC and UAE nationals, foreign expats of other nationalities can also apply for the license. Applicants residing in Dubai must satisfy the requirements of minimum age of 21 to apply for the E trader license.

Advantages Of E- trader License In Dubai

E-trader license in Dubai benefits individuals to legally promote or sell products and services via social media channels like Facebook, Instagram, or on a personal website. The e-trader license in Dubai has various other benefits like:
  • Licensing brings authenticity and legitimacy for E-commerce and online trading.
  • E-trading license gives customers confidence and promotes hassle-free online sales.
  • E-trader license gives legal authority to an individual to sell or market a product through online platforms like social media and websites.
  • Home-based business entrepreneurs can take part in exhibitions, events and showcase their commodities and products.
  • License holders may sell products through e-commerce websites such as Souq.com.
  • License holders have a right to participate in the E-trader training program organized by DED.
  • License holders can safeguard the trade name and intellectual property.

Application Of E trader License In UAE (Dubai)

The registration of an E trader license can be a straightforward process. You can register at the website of DED traders. Create an account by visiting a DED trader website. Details can be furnished as per the social media account. You can pay the license fee after the registration process. The cost of a Dubai E trader license is AED 1070. You have to renew the license annually. Take the benefit of the E-Commerce potential in Dubai. For queries and doubts of E trader license in Dubai, get the help of Black Swan business set up consultants.

Documents Needed For E Trading License In Dubai And Their Estimated Cost

Submit the documents of residency detail, address and age to DED to get the E trading license in UAE and Dubai. You can open a shop with a license. It promotes businesses to operate from residencies. If you're setting up a company in Dubai, the license, procedure and eligibility criteria are different.

Documents Needed For E trading License in Dubai

  • Must have the valid Emirates Id and should be located in Dubai.
  • The applicable age must be 21.
  • The trade name must be registered with authorities. Approval has to be given with the application.
  • Makani Number or Proof of residence is mandatory, but Ejari is not necessary.
You can have a UAE e-trader license in 3 to 5 business days. Payment must be made by the authority within 24 hours of issuance of the payment voucher. The membership of the Dubai Chamber of Commerce is mandatory for commencing commercial business activities. License can be issued for one year. It must be annually renewed, within one month of a due date.

Cost Of Dubai's E trader License

E trader license costs AED 1070 and the E- trader Commercial License costs AED 1370 that includes AED 300 for Dubai Chamber of Commerce membership. E-trading licenses can be used for the personal development of business. Financial stability can be achieved by exploiting the opportunity. Trader License Is For:
  • Spouses at home
  • Professionals who want to use their talent, without spending money on setting a firm
  • The success probability
  • Using free time to set up a side business
  • Professionals wanting to take passion as a side business
  • Newbies having new business ideas
  • Checking the entrepreneurial skills
You can discuss the plans with us today. Black Swan has a professional team to guide you through the business objectives. This can be fruitful if you enter the business field with the support of an expert's team. We guide you with constructive strategies and ideas to benefit your business.
How-to-Start-A-Business-In-Dubai-in-a-Professional-way
Categories Business, Business Setup, dubai, How To, uae

How to Start A Business In Dubai in a Professional way

Are you thinking of ways to start a business in Dubai?

Blackswan can help you with a business setup in Dubai, to meet all your needs and also as per the United Arab Emirates Law. Political and economical stability plays a crucial role in the progress of the country or any region. Dubai gives a professional approach to industrial relations and banking systems. Liberal policies can be adopted through the government that are business-friendly. The advantage of the free and open economy opens up large scale investments in Dubai. Dubai's world-class infrastructure facilities related to aviation, telecommunications, transport and energy makes Dubai grasp special attention for the minds of investors. Dubai's proactive and stringent policymaking makes it flawless with abundant development of infrastructure. Dubai's cultural diversity has a large expatriate population, catalyzing Dubai's growth. The company set up in Dubai is not time-consuming. If the approvals and documentation are accomplished, registration of the company takes place within a week. Black Swan can guide you with the formalities and successful fulfilment of optimal business set-up services.

Sponsor

For starting a mainland company in Dubai, you need to find a Sponsor. The sponsor should belong to a UAE national. The sponsor gets the dual role of becoming a sleeping partner and the company's service agent. An investor has to pay their sponsor fee yearly. The sponsor's responsibility can be linked to the business that is signed in the agreement. A "no obligation certificate" is issued by the sponsor as it's essential to start the operations by the investor.

Memorandum Of Association

It's necessary to formulate the company's Memorandum of Association. It has a list of operational guidelines that the company must. follow. Company has to abide by these guidelines:
  • Capital Investment
  • Purpose Of Company
  • Share

Notarizing MOA

A Department of Economic Development must notarize MOA. If MOA is notarized, you can avail of the initial approval. You get the service of the consultant or the lawyer for MOA notarization.

Registration Of Trade Name

Find a suitable Trade name for your company. Then register it under DED. The name can be significant and distinctive to get approved. DED can discard the trade name if it's been already used by another company.

Office Space

A registered address or office space is mandatory for mainland company formation. The address of the registered agent must be provided for Offshore Company Formation.

Application Of Trade License

Once a trade license application is filed, the license is issued by DED related to your business endeavour. Several kinds of trade licenses are Industrial License, Professional License, Tourism License and Commercial License.

License Fee To Remit

License fee is remitted from DED and Commercial Registration Department on final document submission. It takes a week to process the entire company registration. Above mentioned instructions can give a basic idea on ways to set up a business in Dubai. When you're a newbie to business or an investor planning to invest in Dubai, get the company registration tasks to a reliable consultant. Business setup services of Black Swan saves your energy and time in this account. We undertake accounting, company registration, sponsor services and formalities with responsibility and utmost sincerity. We served medium, small and large business establishments in UAE and Dubai, all through the years.
Legal-Corporate-Structure---in-Oman-for-Business-Setup
Categories Business, Business Setup, Oman, Startup

Legal Corporate Structure in Oman for Business Setup

Various company structures have been offered in Oman. You must understand the difference of structure types and models of Oman and make informed decisions based on ownership conditions, needs and requirements. Helpline Group can guide you in this process and you can choose the best company structure for Oman Company Formation. Oman's Company Formation is based on the Laws of Foreign Business and Investment of 1974, Commercial Companies Code and the Commercial Register Law of 1974.
  • Commercial Agencies
  • Limited Liability Company
  • Branch Office
  • Offices of Representative Trade
  • Company of Limited Partnership
  • Holding Company
  • Joint Venture
  • Joint Stock Company / Shareholding Company

Oman's Limited Liability Company Formation (WLL)

WLL or a Limited Liability Company can be the basic form of Oman's business formation. It is used for the small businesses of the country if fixed capital gets divided into equal shares and is registered with the Ministry of Commerce and Industry of a Commercial Register.

Below conditions can be followed for Oman's LLC

  • The minimum of 2 shareholders and maximum of 40 shareholders
  • Liability can be limited for investments
  • Non-specified minimum share capital
  • GCC citizenship is granted for foreign investors and can have the complete ownership of Oman's LLC
  • A minimum of 30% ownership can be mandatory for local partners
  • 100% tax exemptions are allowed for free zone companies
  • LLC's are more suited for Oman's small businesses
  • Minimum of 20000 OMR capital requirements are needed for US, Oman or GCC owned companies
  • Foreign investment companies can hold 150000 OMR

Oman Company's General Partnership

All conditions of LLC are applicable in the general partnership. But partners in a general partnership can have an unlimited business liability that extends partners' wealth which seems risky for the business structure in Oman. It can be easy to register under the Commercial Register, but the general partnership company includes a written agreement of partnership detailing the partner's responsibilities and activities in business. Besides these:
  • Company name should have the name of a partner or partners.
  • General partnership ends if a new partner is added or an existing partner comes out from it.
  • General partnership company concludes if the partnership period gets over.

Oman Company's Limited Share Partnership

Another form of LLC is the Limited Share Partnership in Oman. Besides LLC's conditions and norms, LSPs have few provisions and limitations.
  • There are no limitations to add maximum partners.
  • Limited Share Partnership are registered through the commercial registrar.
  • A minimum of one general partner and one limited partner is needed.
  • General partners can have unlimited liability and responsibility to manage the business.
  • Limited liability is provided for limited partners for their capital contribution and are prohibited to engage in managerial responsibilities and activities.

Oman's Holding Company Formation

Oman's holding company manages and owns other businesses of Oman. This company can own any kind of company in Oman that have limited liability companies and joint-stock companies. The holding companies have 50% ownership or more in companies. The company name should have "Holding Company" at the end name. You must have 2 Million OMR or more in capital for your holding company in Oman. Get in touch with the Helpline Group for information on the set-up of a holding company in Oman.

Joint Stock Company or Shareholding Company in Oman

The shareholding company or joint-stock company in Oman has a system where the fixed amount of capital is distributed from the number of shares of public subscription. Oman's Joint Stock Company needs at least OMR five hundred thousand for capital investment for not intending on offering public subscription of shares. Moreover, if the public subscription gets involved, the capital needs exceed up to 2 million OMR. Shareholders get preemptive rights and they have different needs for companies to follow while setting a joint-stock company in Oman. Their requirements are mandatory like:
  • At least 3 shareholders
  • Maximum 12 and minimum 3 Board of directors
  • Register for Commercial Registrar
  • Get approval from Oman's Ministry of Commerce and Industry
  • Adhere and follow the Muscat Securities Market Law

Oman's Joint Venture Formation

Joint ventures can be formed between businesses of Oman that comprises foreign entrepreneurs and businesses. Though it is legally recognized as a contract form, it won't have legal recognition as their entity. The responsibilities and roles of a joint venture are good as the agreement or contract also their Memorandum of Association. Their beginning and end activities depend on the agreement of involved parties or the Memorandum of Association that have duties and obligations. Contact Helpline Group for getting information on setting up an Oman's Joint Venture.

Oman's Representative Trade Offices

Foreign investors and companies can open representative trade offices in Oman for carrying out their company activities. But such offices are not permitted for the activities of profit-making. The local person must represent their company in Oman. These businesses are suited for business support and customer relationships. You have to present a copy of the Article of Association and the undertaking letter to set up a representative trade office in Oman. The Helpline Group manages these requirements and can set up the representative trade office in Oman.

Oman's Commercial Agents

Commercial agencies represent the parent company in Oman. It is mandatory to have a commercial agent for such businesses. Any foreign business can appoint a local agent to distribute goods and engage with local customers. Local commercial agents must have an Omani company or can be Omani citizens. The commercial agent business needs to get registered with the Ministry of Commerce and Industry and the member of Oman Chamber of Commerce and Industry. Helpline Group assists you to set up a commercial agency in Oman to carry out the business activities.

Oman's Branch Offices

Oman must have their entire owned branches of foreign companies if there is a contract with a government entity in Oman. It is one way to have 100% ownership in Oman that is not suited for government-controlled entities, although branch offices don't need sponsors, local partners or share capital. The branch office setup is valid until the registration period of the contract and permitted to set up the branch office in Oman from the Ministry of Commerce and Industry. You will also be interested on:
process-of-company-setup-in-oman-muscat
Categories Business, company, Oman

Process of Company Setup in Oman

Oman foreign investors always incorporate a Limited Liability Company (LLC). Here are the procedures for company registration in Oman that incorporate an LLC. Their procedure can be followed by the applicant's company registration process in Oman.

Activities Carried Out In Businesses

Applicants can choose activities that are carried out by LLC. If insurance and banking activities have to be carried out, the applicant can take the consent of the Ministry of Commerce and Investment.

Company Registration

Applicants must apply at the Ministry of Commerce and Investment if registering the company for a trade license. Their permits can be secured by the applicant.

Document Submission

It takes time for the Ministry of Commerce and Investment to get back to applicants. At this time, the applicant can check whether their documentation of Oman's company registration is in order. Essential documents must have the memorandum of association along with articles of association for the company.

Name Reservation

Applicants can choose a suitable name for LLC. The name can reflect the objectives and goals of the business. It is provided in Arabic and has a legal meaning for it.

Incorporation Certificate

Above mentioned steps can be carried out to receive a certificate of incorporation. Documents required are:
  • Articles of Association
  • Memorandum of Association
  • Certificate of Tax Registration
  • Shareholders Visas and Information
  • Initial Deposit of Certificate
  • Shareholder's Identity Card
  • Company Registration Form Filed
  • Certificate of the Chamber of Commerce and Industry Affiliation
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Permitted-in-the-UAE
Categories Business, Business Setup, dubai, uae

100% Foreign Ownership Permitted in the UAE

Foreign nationals who wish to launch your dream business venture in the luxurious UAE nation can now celebrate 100% full ownership. Even free zones of the UAE can launch business with full ownership. Isn’t it great news to party hard? Of course, a great and happy deal this is! Earlier, all the business ventures by the foreign nationals at the mainland areas needed to be partnered with a UAE aspirant – that is a local sponsor. So these local sponsors hold almost 51% of shares your company has. By the month of June, Commercial Law of UAE companies implemented new amendment acts and thus great changes started happening. Here we go on learning about formation of our own business venture in the UAE nation with complete ownership. Do you have so many questions raising in your brain now? Do not get worried and give minds huge brain storms. Well, you can hold 100% ownership in the UAE business venture but how do you step into UAE and start your own business? Here are some outlines for you to understand!

Regularize the list of considered business activities

Know and list the business ideas you wish to launch in Dubai, UAE. Economic Development department – DED lists out the allowed business sectors and maintains that. All we need is just to choose our business sector from the DED maintained list. This is going to finalize the type of license you need. There is a list of business activities that lead to complete ownership for foreign national investors which fall into the commercial law of the UAE. It lists almost everything you think. Because this maintained list includes arts, entertainment, agriculture, business support, business administration, information technology, communication, education, construction sector, food, hospitality, manufacturing, human resources, health care, research, warehouses, transportation , and so on…

Finalize the business structure of you, for you!

Actually many of the foreign nationals who form their business in UAE entities go with LLC kinds – Limited Liability Company. Together with this complete ownership scheme, formation of companies in Dubai has become much easier than before. All you need will be a UAE based local service agency to help establish all.

Select and Book the business brand name

Like every business has to hold a unique name, your business idea in UAE must be kick started with a unique name too. Go through UAE’s protocol of business naming and choose a unique, attractive name. Avoid controversial or tough terminology and choose a name relevant to your kind of business.

Plan and Select your office location

Analyze, plan wisely and choose your company location. If you have got plans to implement a business in mainland areas, setting up a physical outlet in a good location really matters. Select a space that is very simple, easy, cost effective to rent. Rental spaces are not a very tough procedure to take in the UAE. If your business can operate virtually, then go with a virtual office setup because it will be a great fit.

Application for Dubai’s trade license

Attaining a proper license for your trade has to be checked importantly. Whatever business that needs to be set up in UAE operation should have a proper trade license. Do not confuse how to get a valid license. Your local service agent will guide you to get that. They will also guide you in sketching a total estimated cost of setting up your company in the UAE. Hope that they will drive you in the correct way because they really will.

Avail correct visa for your travel

If you are planning to open up a business in UAE, Apply your proper visas and for everyone you bring with you as employees or your own family. This will not be a tangled process because UAE deeply welcomes your business entity there. As you and I think, what is the benefit for them to provide 100% ownership? There are few motivation points for them behind the establishment of this complete ownership law. Some of them are, It acts as a growth factor for their economy. There are particular business sectors in which the UAE needs continuous growth. Their desire to see growth in green technologies such as utilization of power plants and implementation of solar panels. The key sectors which come under complete ownership acts are
  • Agriculture
  • food service
  • Hospitality
  • healthcare sectors
  • renewable energy
  • storage units
  • Transportation
  • Distribution
  • product manufacture
  • construction units
  • info tech
  • Communication
  • scientific researches
  • space activity
  • Administration
  • education
  • arts and entertainment
UAE strongly believes this act attracts many foreigners who are ready to do investments. Thus they also believe it increases 35% growth in the economy. All the financial leaders and government officials are hoping that this commercial law will rapidly increase competition in the emirates global economy. UAE is thus becoming a new global hub of investors and an attractive point of emerging commercial hub. Companies count in the UAE now is 3,00,000 and emirate leaders believe that this count will reach up to 1 million companies in the UAE in the following ten years.
Categories Business, Business Setup, dubai, Free Zone

How to Setup a Business in Dubai Free Zone?

Are you planning to set up a Food stuff trading company in Dubai? Then we have some tips and ideas for you. Check the full video: https://youtu.be/3lveLkNKpDA Get free consultation Call or WhatsApp +971-50 509 1451/ +971-42406939 Website : https://bss.blackswanbss.com/ Official Blog : https://bss.blackswanbss.com/updates/ Facebook : https://www.facebook.com/blackswan201/ Twitter : https://twitter.com/BlackSwanBSS Instagram : https://www.instagram.com/blackswan_businesssetup/ LinkedIn : https://www.linkedin.com/company/black-swan-business-set-up-services
Why-you-need-Pro-service-provider-in-UAE
Categories Business, Business Setup, dubai, PRO

Why you Need PRO Service Provider in UAE

A business does not go on just with human resources and capital. Services from other organizations are also required. As said in the business rule book, companies can use other services when there is a chance, in order to save their time and money. While taking a look globally, different businesses use different services, an example being banking services. Most companies have an account wherein their transactions leave their business's profit. Businesses also pay the bank for other services like insurance, borrowing, and leasing. Another example is that manufacturing companies do not always own transport to transport their manufactured goods to wholesale and retail traders. They usually rent trucks from other companies for the transportation of their products. It is noteworthy that no business can meet its needs without tie-ups with other services. Like manufacturing plants depending on trucks, every business is dependent on other services.

The importance of Pro Services

The most important service any business requires is the PRO Service. Businesses and companies are on the run for human resources and expertise for the operation of tasks on a regular basis. Chances are both may be tough to find. Businesses may not want to cling on to a single person for these tasks and hence engage a consultancy to take care of them. Companies require PRO Services, as most of them may not be conscious of the rules and regulations to be followed for several operational tasks. While dealing with varied government policies for getting approvals, labor contracts, Visa applications (both residence and visit), even though it might seem simple, they require a dedicated team to handle these, as such tasks need to be dealt with a company operating from Dubai.

The best PRO Services

PRO Services Dubai is now on the lead as companies look in for help from consultancies that offer services. This is when Black Swan BSS pitches in with the best PRO Services in Dubai. The team of experienced members at Black Swan provides the client with sufficient knowledge about the processes and how these tasks are carried out. The benefits while using Black Swan PRO services are:
  • No need for additional employees for these tasks.
  • You save time and money
  • Regular updates about the tasks needed to be fulfilled
  • You can concentrate on your works, leaving these tasks to us
  • Clearing of documents quickly by authorities
  • Dealing with huge charges becomes more comfortable for you
  • You will get your best results from the key accounts manager

Get PRO Service in UAE

Ways-to-Start-a-Pharmaceutical-Company-in-Dubai
Categories Business, company, dubai

Ways to Start a Pharmaceutical Company in Dubai

The sector of Healthcare is now booming across the world. The United Arab Emirates has the fastest-growing economy with its world-class infrastructure. When you set up a pharmaceutical company in Dubai you need to follow the rules and regulations of the Dubai Health Authority.

Procedure for starting a pharmaceutical company in Dubai

  • Obtain approval from the necessary premise.
  • Get a pharmaceutical license from the Dubai Trade Register.
  • Use of Application form.
  • The Copy of the tenancy contract.
  • Have the Blueprint of the location.
  • Hold the Passport copy of the owner.

The ways to start a pharmaceutical company in Dubai

  • Get the approval of medical devices by the UAE Ministry of Health (MOH).
  • You have to fill the application form that is stamped and signed by the authorized person.
  • Give the detailed company profile.
  • Get your product lists manufactured.
  • Obtain the Legal and manufacturing license issued by the competent authority.

Essential ways to be followed when setting up a pharmaceutical company in Dubai

  • Perform a market analysis.
  • You have to understand the competitors’ strategy.
  • You have to choose an appropriate location.
  • Get a business license.
  • You need to submit essential documents to the government authority.
  • Must open a bank account.
  • Have a physical office space.

Why set up your business in Dubai?

Dubai is considered to be the number one business location in the Middle East. Due to the real estate and banking sector, Dubai stabilizes financially and has increased its economy. Legal procedures are fast-tracked with minimal paperwork and have simple registration procedures. Companies all over the world set up their business in Dubai due to a huge inflow of foreign capital making the economy of Dubai stronger.

The Benefits

  • Has taxation benefits.
  • No minimum capital requirement.
  • Has no restrictions on trading locations.
  • Dubai has the fastest-growing economy.
  • It has free zone benefits.
  • Comprises the first-class infrastructure.
  • You can work with government bodies.
  • No restriction in currency limitations.
  • Has low import duty.
  • Have more options for business activities.
  • No limitations to the number of visas.

You can contact Black Swan to start a pharmaceutical company in Dubai

To carry out a smooth business in Dubai, you need to consult the expert business consultants who guide you in incorporating your business in the UAE and carry out the functions in an easy way. Black Swan guides you at every step when starting a business in Dubai. The business experts are best in professional proceedings and they help you in the incorporating process until the end. You can get in touch with us today!
Expats can buy units in multi storey buildings - Oman
Categories Business

Expats can buy units in multi storey buildings – Oman

The expats of Oman are now allowed to buy units in Multi-storage buildings. The local media had reported that a new decision has been taken allowing Non-Omanis to buy units in multi-storage buildings. But the units sold to the migrants must not exceed 40%. The percentage of units sold to the migrants should not exceed 40% of the residential real estate units in the multi-storey commercial residential buildings. It is mandatory to not exceed 20% of the allocated percentage to a single nationality. The ministerial decision was issued by Dr. Khalfan al Shueili under 357/2020, for the controls on selling residential real estate under the usufruct system. This was implemented for the non-Omanis allocated in the multi-storey commercial and residential buildings, that was published by the Official Gazette. This decision came as a part of the package for stimulating the investment in the real estate sector, to achieve specific growth rates for enhancing the performance of related activities and to achieve sustainable development. The land allocated for the multi-story residential or commercial uses in some locations by the Governorate of Muscat in the wilayat of Bausher, Al Seeb and Al Amerat. In the region of wilayat at Bausher, the places allocated are Bausher (Area 1-3)- Al Khuwair (Area 2), Ghala Heights (1 and 2), Wattayah (1 and 2), and Misfah (Area 2). It is further allocated at the AL Amerat – Mahajj (Area 1), Hashiya (Area 1), Madinat al Nahdah (Area 2-5), Seeb (South Mawelah Area 5). Al Khoud (Area 2), Mabelah South (Area 7), and so forth. You will also be interested on:

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