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Category Archives: company formation

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Categories Business License, Business Setup, company, company formation, uae

How to Get Permanent Residency in the UAE

The United Arab Emirates is one of the best places in the world to set up a business or move to. What's so great about living in the UAE? Its tax-free status, high quality of life, great opportunities for business growth on both the Mainland and in the dozens of Free Zones, and, of course, its stable economy and government are among its main benefits.

UAE Permanent Residency Visa

Before we talk about permanent residency in the UAE, we need to quickly go over the other ways to live there. In contrast to a tourist visa, a standard residence visas lets you stay in the country for two years and can be renewed as many times as you want. You can also get a visa for people in your immediate family and children under the age of 18. In order to keep your resident visa valid, you must visit the UAE at least once every six months. If you don't, your visa status could be taken away. You can get a standard resident visa in the UAE if any of these things happen:
  • Purchasing real estate: You can get a two-year UAE residence visa if you buy a home worth at least one million Dirhams in Dubai or any other Emirate.
  • Entering an employment contract: If you want to work for a UAE-based company or the Emirati government, you will need a work visa.Your employer must take care of all the paperwork needed to sponsor your visa. It will take you an average of two to three weeks to get your first work entry permit, which is good for two months. Then, you would change the entry permit into a residence visa that is good for either two or three years, depending on where it was issued.
  • Incorporating your own company in the UAE: As an investor or shareholder, this is the fastest and most convenient way to get a visa to live in the UAE. The process takes only a few weeks and doesn't cost much. As long as it meets the Economic Substance Regulations, the business structure can be just formal. Investors or shareholders can get visas that are good for three years.
  • Studying in the UAE: If you want to go to school in the Emirates, you can get a student visa.
  • As a family member of a UAE resident or national: You can also get a visa to live in the UAE this way.
All of these visas must be renewed after a certain amount of time or they could be taken away. But what if you didn't want to deal with having your visa tied to your employer or you wanted to stay in the Emirates for a long time?

How to get Permanent Residency in the UAE

In 2019, the UAE started a new system for long-term visas that allow people to live in the country without a local sponsor and have full foreign ownership in a company on the Mainland. This part about foreign ownership is important because most companies on the Mainland need an Emirati national to own at least 51% of an entity. There are rules about who can get these visas, and you can choose between five-year and ten-year long-term visas. If this sounds like something you've heard before, it's because these visas were first called "Golden Visa". So, what kinds of people can get these golden visas? Look at this more closely.

UAE Ten Year Permanent Residence Rules

If you want to live in the UAE for ten years, you must meet one of the following two sets of rules:

Investors

If you want to be an investor, you have to put in at least 10 million AED, which is about £2.5 million. You also have to make sure you have at least that much money, not invest the money as a loan, and keep it for at least three years.

People with Specialised Talents

The other choice is to qualify as a person with a special skill. They can be inventors with patents that help the Emirati economy, as long as they have the right stamp from the Ministry of Economy. They can also be creatives in culture and the arts, scientists and doctors from top research institutions, as long as they have praise from influential journals or official recognition from government ministries and experts. These people must have a job contract in the UAE in an industry that is high on the country's list of priorities.

UAE Five Year Permanent Residence Rules

Don't worry if you don't meet the requirements for a 10-year long-term visa. You have options for the next five years. Who can get the benefits of living in the UAE for five years? Here you go:

Property Investors

You can get a five-year visa if you put at least 5 million AED into a property in the UAE. For the visa, you must meet the following requirements:
  • You have to keep the property for a minimum of three years.
  • You can't take out a loan to pay for the property.

Entrepreneurs

If you have a project that has been approved by a business incubator in the UAE or an idea that is already in place and has at least 500,000 AED in capital. The long-term visa for business owners has the following:
  • Three executives
  • A partner
  • Spouse and children
Entrepreneurs can also apply for a six-month visa that lets them come and go multiple times and can be renewed for another six months.

Outstanding Students

You can be considered an outstanding student in high school or college if you meet these requirements:
  • If you are in high school at a public or private school and have a grade point average of at least 95%.
  • If you have a cumulative Grade Point Average of 3.75 (on a scale of 4.0) when you graduate from college, either in the UAE or somewhere else.
  • Families of students with outstanding records can also get visas.

Do you have more questions about the UAE permanent residence visa?

Our Citizenship, Residency and Relocation team at Europe Emirates Group is here to help if you want to get a UAE Gold Card long-term residence visa quickly and easily. We can help you get all the paperwork you need, find your dream home, and even have a bottle of champagne waiting for you in the fridge when you turn the key. Please don't be afraid to get in touch with us if you have more questions about getting residency status or other questions about starting a business. Tags : UAE Residence Visa, UAE Work Visa, UAE Family Visa, UAE Student Visa, 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 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 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 Setup, company formation, FREE ZONE COMPANY

IFZA Dubai Free Zone Company Formation Process

As the globe increasingly leans toward the internet, free zone company incorporation in Dubai is now just a few clicks away, courtesy of the International Free Zone Authority. You can accomplish it in a few minutes from the comfort of your own home. Aside from the ease with which companies can be formed in the Dubai free zone via IFZA, they are also among the most cost-effective free zones in the UAE.
The following are the steps you must take to establish a free zone firm in IFZA:
  1. Request the quote from Blackswan.
  2. Select the package.
  3. Submit all essential documentation from all shareholders in the company.
  4. You must wait for the IFZA Dubai license, which will be issued to you within 10 days if all of your documents are accurate and legitimate.

Required Documents for IFZA Business Establishment

The following documents are required by IFZA officials for the formation of a free zone company in Dubai:
1.Copies of all of the company's shareholders' passports. 2.Passport-sized pictures of all firm shareholders 3.UAE visit visas or evidence of entrance for all company shareholders.

How to Get a UAE Resident Visa Following the Formation of a Dubai Free Zone Company in IFZA

After forming a company in a Dubai free zone, you can apply for a UAE residence visa to stay in Dubai to manage and run your firm. Even though you will manage your firm, you can still receive a UAE residence visa after forming a Dubai free zone company in IFZA.
The following steps should be followed to get the UAE residence visa:
  1. After receiving your IFZA business trade license, apply for your company's established card.
  2. Allow 5 to 7 days for your company's established card to arrive.
  3. Submit an application for a UAE residence visa to the IFZA.
  4. Pay the necessary payments to the IFZA.
  5. After receiving the visa, you must schedule a medical exam within two to three days of the specified date.
  6. After the medical examination, apply for the Emirates ID.
  7. Finish the Emirates Biometric Scanning procedure.
  8. Submit the necessary paperwork to the IFZA office and await the Emirates ID.
  9. Obtain your Emirates ID and visa.
Features of Dubai Silicon Oasis Company
Categories company, company formation, dubai, uae

Features of Dubai Silicon Oasis Company

Dubai’s government formed this exclusive Free Zone in 2004. It has been scaling up since then. DSOA (Dubai Silicon Oasis Authority) is an organization to monitor business activities and to issue licenses. It has a constant focus to develop and expand the zone. DSOA introduces the investor-centric improvements. Incentives and extra advantages are offered by jurisdiction that has the fortifying factor in several expat entrepreneurs. Silicon Park is the first smart city of Dubai, which is located in the Dubai Silicon Oasis. Spaces and best facilities are provided in the IT firms that aids the company to perform and flourish well. Silicon Park is located in the Central Square. The custom-designed buildings give a premium appeal to the companies. Any resident business person or expat can rent the space to establish a main office or headquarters in this enclave. The serviced office space helps businesses to start operations from its first day. Main facilities in Dubai Silicon Oasis Free Zone are:
  • Workstations for IT firms
  • Office spaces
  • Spaces for light industrial activities
The technical hub, office and industrial space are managed by DSOA. The policies and regulations are laid down by the authority that extends optimal growth to businesses in the DSO Free Zone. Types of company available to incorporate in DSO Free Zone: Dubai Silicon Oasis Free Zone authority permits to form various types of companies in the domain. The company setup chosen depends on the viability and development plans.
  • FZE (Free Zone Establishment)- The FZE is set up by an entity or a single shareholder. They don't require more resident partners or expat to incorporate a Free Zone Establishment in DSO.
  • FZC (Free Zone Company)- These companies are formed with two individuals or with the partnership of two, to form a business setup in the free zone.
  • Branch Office- The company with a parent organization is located in the UAE or foreign country to start a branch in DSO Free Zone. The business activities of a branch must be similar to the main organization.

Operating Licenses Of DSO

The companies in DSO should get relevant licenses from its authority. The companies and businesses which are established in the mainland with the license from DED should get an operation permit to function in the DSO.

Types Of Licenses

  • Service License- Entrepreneurs who plan for the service business setup in DSO, should get a service license.
  • Industrial License- There are light industrial spaces in DSO. Companies aiming to assemble and manufacture must require an industrial license in Dubai. It's the basis to import raw components and materials, distribution, packaging of products and exports.
  • Trading License- It includes export, import, warehousing, distribution and re-export that requires a trading license by the business firm from DSO.

Benefits Of Company Formation In DSO

  • Complete ownership of the company
  • No taxes
  • Complete repatriation of profits and capital
  • Exemption from taxes and customs duty
  • Quick business setup
  • State of the art infrastructure
  • Optimal growth prospects in thriving market
  • Low operational costs and Establishment

Documents Needed For DSO Free Zone Company Setup

  • Residency visa page
  • Copy of shareholders' passport
  • NOC from current employer
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SAIF Company Formation Cost & Package
Categories company, company formation, Free Zone, FREE ZONE COMPANY

Sharjah Airport Free Zone (SAIF) Company Formation Cost & Package

SAIF (Sharjah Airport Free Zone) is located next to Sharjah International Airport. It has the oldest UAE zones with developed infrastructure like warehouses, offices, and land leased for businesses. It formed in 1995 and hosts 7000 companies as of now. SAIF's location suits manufacturing, trading, and logistics companies who plan a business setup in the United Arab Emirates for a reasonable budget. If you wish for a business setup services in Dubai, consider SAIF as your possible option.

Vast Range Of Warehouses, Offices, And Land

Sharjah Airport International Free Zone has ready-to-move facilities. Their warehouses are equipped with pantry, fitted office, kitchen and air conditioning. The size of a warehouse is 125 sq meters, where 22 sq meters are occupied by the office space. Two types of offices in SAIF are present:
  • Air conditioned, fitted out and furnished.
  • Unfurnished offices with utility costs.
Besides that, temporary warehouses and labour accommodation are available. SAIF facilities can suit any company for a business setup in Sharjah.

Activities

The major categories of licenses are:
  • Trading
  • Industrial
  • Service
Your license belongs to any one of these categories. If you like to mix them, additional licenses must be purchased. Sharjah airport SAIF zone offers a broad business activity list. It is hard to get service activities like "investment of own funds." Activities can permit storage and consolidation of products which is specified in your license as assembling and manufacturing of products. SAIF will not share the activity list. Hence all the business activity must be checked. This free zone has multiple activities in license for the company formation in Sharjah, if it is not related, extra charges apply.

Costs Of Sharjah's Free Zone Company

SAIF offers
Service or trading license for AED 13,500. E-commerce or general trading or multiple activities or aviation license charge AED 21,000. It is eligible for a small office and 4 resident visas as part of the package. When you plan to rent the bigger facility, you must pay the office rent, license fees and warehouse rent. These prices are competitive to the Sharjah's LLC company formation charges. But the facilities are cheaper than the free zones. Immigration fees and visa fees should be paid separately.
Company Setup
Sharjah's free zone company formation in SAIF is done by the Power of Attorney holders or company owners. Licenses can be instantly issued on the day of application. Needed Information And Documents
  • Residential address
  • Passport
  • Phone number
  • Passport size photo
  • Owners' email
Documents which are issued by SAIF after the company registration are
  • License
  • Certificate of Incorporation
  • Memorandum & Article of Association
  • Share Certificate
  • Investment Service Agreement
  • Lease Agreement
Company registration in this free zone is done by the business consultants in Dubai or Sharjah.

Costs of SAIF Free Zone

The company formation in Sharjah SAIF entails resident visa opening. The employee's visa is valid for 2 years, while the visa of the company’s owner is valid for 3 years.
SAIF fees (AED)
SAIF fees. AED Medical checkup, AED Emirates ID,AED
Owner/ Investor  Normal (8-10 days) 3,840  690 370
Urgent (3-4 days) 4,040  690 370
Employee Normal (8-10 days) 3,240  690 270
Urgent (3-4 days) 3,440 690 270
If you've applied for a resident visa, when on a tourist visa, the procedure of status change is applicable. This costs around 860 or 1010 AED on an urgent basis.
Trade License Renewal
This just takes one day to renew the Sharjah Airport Free Zone company, without the company owners' personal visit. It must be paid and signed on the lease agreement to process the renewal.
Amendments
The amendments of company in SAIF is only done by Power of Attorney holders or shareholders.
Costs Of Standard Amendments
  • Adding or removing Director- 2,000 AED
  • Shares transfer- 10,000 AED
  • Change of Manager- 2,000 AED
  • Change of financial year- 500 AED
Subsidiary Company in Dubai
Categories company, company formation, dubai, uae

Subsidiary Company in Dubai

Dubai is one of the important Emirate in the UAE’s trading network. It is the host to major companies and corporate organizations that operate in various spheres of business. Legislation of Dubai’s government permits free trade and this makes Dubai the attractive Emirates for foreign and local investors in the UAE. Investors can open free zones and onshore companies in Dubai. Many foreign companies establish their presence in Dubai by setting up a subsidiary company or a branch office in Dubai. The subsidiary and branch office differs because of its autonomy in business operations, while the branch office is tied with the parent company. Subsidiary operates independently and branch office depends on the guidelines of a parent company.

Steps To Register A Subsidiary In Dubai

Based on the government of Dubai regulations, companies that conduct business in Dubai have to register with the DED (Department Of Economic Development). You have to appoint a local agent to establish a subsidiary in Dubai, who'll handle the registration procedure in Dubai and offer relevant advice to their foreign investors. We've a team of experts in Dubai's company registration to help you with the setup process. As per the Dubai Company Law, foreign companies can register their subsidiaries in Dubai under the LLC. Here are the steps to follow if registering a subsidiary in Dubai.
  • Company name reservation
  • Get approvals for business activities from DED in Dubai.
  • Notarize and draft the articles & MOA for the subsidiary in Dubai.
  • Submit the relevant information of directors or shareholders to the DED.
On completion of the registration of the subsidiary in Dubai, the investor has to apply for a business trading license with Dubai’s Chamber of Commerce and Industry.

Get A Trading License For Subsidiary In Dubai

A few information and documents must be submitted to the Dubai's Chamber of Commerce to get the trading license for the subsidiary in Dubai. Some are:
  • Copy of Articles & MOA for the subsidiary in Dubai.
  • Trading license application form.
  • Name approval letter from DED in Dubai.
  • Passport copies of directors or shareholders.
Subsidiaries in Dubai need to get clearance from the Dubai’s Municipality Building Department. It is because the subsidiary must have their company's registered office in Dubai. Consult our specialists at Black Swan to get the information regarding your trade license availability to set up the subsidiaries in Dubai.
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.
Pros of Starting and investing a company in Oman
Categories company, company formation, Oman

Pros of Starting and Investing a company in Oman

The year 1970, the great Sultanate of Oman was founded and then shaped. It all happened due to the succession of the ruler in that period named Sultan Qaboos bin Said. Oman has a wide range of foreigners who settled as expats working in all kinds of companies and fields. Its population has increased from only 7 lakhs in the early stage to 5 million + now. It covers about 0.07% of the total world population. This region is highly rich in oil reserves , thus Oman has begun to expand its economy in other areas such as tourism, industries, manufacturing units and logistics. Oman is located in the south west Asia which is in the south east coast of the Arabian peninsula, bordering Gulf of Oman, gulf of Persia and Arabian sea. It lies between UAE and Yemen countries geographically. It also holds the name by being the only member of the Gulf Cooperation Council - GCC located out of gulf. Omani’s speak Arabic as their primary language. English, being the popular speaking language of the world, people here also speak English next to its mother language. English is used for commercial and trading units.

Advantages of investing in Oman

Planning to Invest in Oman ? Investments in Oman has provided many advantages for investments,
  • High political steadiness.
  • Oil and gas reserves are rich
  • Income tax is designed low for industries and companies.
  • Not only Oman national ownership is encouraged, but also foreign ownership is enlightened
  • All entities can Refurbish profits and initial investments completely.
  • Dedicated industrialization, economic diversity, privatization, economic development.
  • Savings can be done well by all the individuals as income tax is null.
  • Tax elimination or tax reduction called holiday period for 5 years is applied to business firms. This holiday period can be renewed for another 5 years if needed.
  • Easy accessible to the border regions of gulf, Asian markets and African areas.
  • Effective and balanced management of stock market
  • Well driven roadways, good airports and seaports for seaways are built in Contemporary architecture.
  • Telecom is also made effective and fast communicable
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