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Representative Office Setup Oman
Categories Business, Business Setup, company, Oman

Representative Office Setup in Oman

Oman has flourishing business platforms located in the Middle-East region. It opens the gateway of business owners to set up a business from scratch or expand the established entities.

One such form of established business expands themselves or enters the market by incorporating the representative office. This gives a clear idea on ways to incorporate the representative office in Oman for accelerating the business growth globally.

Representative Office

The representative office is the business structures formed by companies to carry non-transactional operations in new markets.

As per Omani Law, the representative office can be 100% foreign-owned, controlled and restricted for making direct sales in Oman. They're governed by the Representative Office Regulatory Law formed by the Ministerial decision number 22/2000. Their activities are limited to:

  • Market research
  • Parent company's promotion

It is mandatory for the Oman Representative Office to have one individual to be a resident of Oman.

Organizing the documents in a sequential manner makes the incorporation process easier. The necessary documents needed are:

  • Certificate of Articles and Memorandum of Association from parent company.
  • Commercial Registration Certificate
  • Authorization letter for manager of representative office
  • Undertaking letter for liabilities of the parent company.
  • Certificate proving the existence of a parent company
  • ID copies with authorized sign
  • Specimen sign of directors

Then you have to carry with the core establishment process of the representative office in Oman.

How To Set Up A Representative Office In Oman

Initial Capital Deposit

The initial capital must be deposited in the local bank after the company name registration.

License And Permit

Businesses have diverse activities for special permits. Get business permits and license to kick-start the organizational activities.

Tax Department's Application

After the permit, you have to apply in the tax department of the Finance Ministry.

Get Municipality License

You have to obtain the Municipality license.

Enrolling with Royal Oman Police

The business entity must be registered with the Royal Oman Police and are mandated for foreign companies.

Registration with the Ministry of Manpower

You have to register with a Ministry of Manpower to get local resources. It keeps the count of foreign and local employees and gives the clarity if more resources have to be hired or not.

Social Protection

The final step to end your registration at the representative office of Oman. You have to register the company for social protection and it ends with the Public Authority.

Looking for a Business Setup company in Oman? Call us today on +971 4240 6939 / +968 7819 8097

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, Sole Proprietorship Company Registration in Oman, Opening a Branch Office in Oman, Oman Joint Stock Company Formation, Salalah Free Zone Oman, Al-Mazunah Free Zone Oman, Sohar Free Zone Oman

 

Sole Proprietorship Company Registration in Oman
Categories Business, Business Setup, company, Oman

Sole Proprietorship Company Registration in Oman

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
Company Registration & Business Setup Process in JAFZA
Categories Business, Business Setup, company, Free Zone, License

Company Registration & Business Setup Process in JAFZA

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
It is hard to get the flexi-desk for Jebel Ali company because of their low availability. If you like to start a business, consider the office space right now.

JAFZA Dubai Activities

Based on the kind of business setup in UAE, the license can be different. Some categories are offered like: Companies with the service activity are registered as a branch of the existing UAE Mainland entity. Industrial, Trading and Service Licenses are of two types. They vary based on the number of activities you have with the license:
  • First type- upto 7 products of the same group
  • Second type- upto 12 products from the same group
If you add extra activity for any other license type, it costs 500 AED. JAFZA company formation generally recommends dealing with international distribution, trading or logistics sectors.

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
It is essential to have office space in this Free Zone. The smallest offices are 26.88 sqm with the 53,670 AED as the charge for an annual rent. The complete company setup in JAFZA , excluding the resident visas, can cost 86,935 AED. Besides the mentioned costs, it includes the document attestation cost, approval fees and establishment cards.

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
Time-frame for the setup of the Jebel Ali free zone varies from 2 to 4 weeks. This depends on the type of facility and business activity you choose.

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
The shares transfer procedure is required for visiting the free zone. It is also done by the person that holds a notarized Power of Attorney.

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
The cost of company formation in Jebel Ali Free Zone is higher than other zones. JAFZA has all kinds of facilities. Company formation in the Dubai Airport free zone competes with them. Sea ports are substituted by the Airport. The free zones of Sharjah Airport International are larger than JAFZA, and have recommended registration options.

Benefits Of JAFZA Company

  • Largest UAE Sea port in free zones
  • Plots and warehouses of land
  • Retail locations
  • Faster bank account opening process
Oman's Joint Stock Company Formation
Categories Business, company, company formation, Oman

Oman Joint Stock Company Formation

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
Documentation is the essential role in the company’s incorporation process. Here are the important documents needed to set up the Joint Stock Company in Oman:
  • 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
If approved, the Company Registration certificate has to be collected.

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
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
Benefits of Company Registration in Oman
Categories company, Oman

Benefits of Company Registration in Oman

A company registration in Oman gives benefits to expats like free trade zones, tax exemptions and government special land allocation with incentives to prominent investors. According to the World Economic Forum, Oman has proved themselves in the international playground and their Oman has investment opportunities and tremendous commercial connectivity. The Ministry of Commerce and Industries look for innovative ways to support entrepreneurs and businesses to excel and succeed. macroeconomic environment is highly ranked in the top 20 countries of the world. Oman is the best place for settling as an expat family. Their government makes it easy to settle, offers freehold properties options along with property rights giving high security, accompanied with a safe environment. New regulations have been set for properties usufructing the mortgage system that permits foreigners to have long term properties for 99 years and to boost the real estate sector. Art infrastructure in the country makes them easier to commute and transport to Oman. They have many airports in certain regions to facilitate transport and connect between cities. Oman provides various trade licenses. On the basis of Omani law, investors benefit from an LLC set up, free zone set up, Open Joint Stock Company and Closed Joint Stock Company. These kinds of facilities permit investors to select the projects and activities of their choice. LLC is the popular Trade License that is used in Oman.

Oman Tax Environment

Oman has an investor-friendly tax environment for businesses. Oman doesn't include tax for business owners, and for personal income. Oman gives an exchange of taxes across the countries. The LLC Company of Oman has the corporate tax of 15% flat. Oman introduced the VAT system with just 5% in April 2021. Free zone companies can benefit from a complete tax exemption for 50 years. Goods and trading across the GCC moves for custom free.

Cost Of Oman's Trade License

Starting price for a trade license in Oman is 3,200 OMR. There are three different kinds of free zones today, and each differs from the other. For instance, the general trading license cost can be as follows:
  • Registration cost for Salah or Sohar Free Zone-3000 OMR annually.
  • Registration cost for KOM-2200 OMR Annual.
  • Registration cost for SEZD-1200 OMR Annual.
All license costs have to factor with consultant fees for setting up a company in Oman.
How to Register a Company in Oman
Categories company, company formation, How To

How to Register A Company In Oman

Now you can setup a Company in Oman with 100% Foreign ownership Oman is also said to be an official sultanate of Oman. It is located within an Arabic Peninsular. Based on geographic aspects, Oman shares borders with Saudi Arabia, UAE and Yemen. Economic diversification and progress are the factors that lead to the development of the country at a rapid pace. The investor undergoing the process of Oman's company registration can opt for the incorporation process without being physically present. These processes are carried within the limited time duration. An agent can be appointed for the incorporation process of Oman's company. Many sectors allow foreign direct investments. The Oman government has liberalised the foreign investments. A complete foreign investment is allowed for many sectors and they are beneficial for various investors. No need for a nominee shareholder or an Oman resident to incorporate the company. But cultural differences lead to the appointment of a local nominee shareholder. No minimum share capital is required for forming a company in Oman. Several forms of business structures are utilized by the investor. Oman's LLC can incorporate one director and shareholder. But there is no need to have a director or a resident shareholder in Oman. They have flexible business to carry out through a foreign shareholder. Oman's foreign investors get several benefits like interest free loans and different kinds of subsidies. Besides this, they also have tax exemptions. Oman has several free trade agreements with foreign countries. One of them is having a free trade agreement with the U.S. It is highly beneficial for U.S investors, as they have wide market availability for US Nationals. No forms of tariff are imposed in trade between US and Oman. Because of these above mentioned reasons, an investor can process the company registration in Oman.

Benefits Of Oman's Company Registration Process

  • Foreign Direct Investment
Since 2000, Oman has liberalised the foreign direct investments. Several sectors permit foreign investments. Oman's government has liberalised the foreign investments. A complete foreign investment is allowed in most sectors. This benefits the investors in different forms. There is no need of appointing a nominee shareholder or Oman's resident to incorporate a company in Oman.
  • LLC Formation
LLC is the utilised business entity of Oman. It is a straightforward process, it has one shareholder and one director. This kind of entity is formed with ease.
  • Free Trade Agreements
Oman has successful trade agreements with foreign countries. One such is the US-Oman agreement. It is beneficial for U.S investors as they can enjoy the wide market availability. No sort of tariff is imposed within Oman and the U.S.
  • No Need For Resident Shareholder
No need to appoint any resident shareholder for Oman. Getting a foreign shareholder can be the compliance burden for any companies in Oman. Therefore an investor doesn't need to carry the above requirements.

Business Eligibility For Oman's Company Registration

Following are the eligible business structures for Oman's company registration that are:

General Partnership

This form of entity can have two or more partners with unlimited liability. No minimum capital has to form a general partnership.

Limited Partnership

Two categories come under limited partnership like:
  • General Partners having liability to joint partnership. All partners can be equally liable.
  • Partner who have limited liability in capital contribution.

Limited Liability Company

This kind of company has two to fifty individuals. Liability with this form of entity is limited to a specific amount. If a company needs some type of consent, then getting consent from a regulatory body will be secure. For this kind of entity, the following minimum capital is required:
  • 20,000 OMR (For GCC nationals or Omanis).
  • 15,000 OMR (For mixed shareholding having foreign shareholders).

Joint Venture

It is the agreement of two or more people to form the company for a specific purpose or project. No minimum capital is needed for the joint venture company in Oman. Applicants going for an Oman's company can use the above structure for a particular period or project.

Joint Stock Companies

These companies are made with a minimum capital amount. Joint Stock Companies offer shares to the public. A minimum of three shareholders can form this kind of entity. Following minimum capital is needed for a Joint Stock Company:
  • Public Joint Venture Company must have OMR 2 million
  • Closed Joint Venture Company must have OMR 500,000
  • Converted from another form must have OMR of 1 million.

Holding Company

This should have some kind of control over subsidiaries and sister concerns. Almost 51% of ownership over subsidiary companies must be present. The holding company can have the LLC or a joint stock company. The minimum capital for the holding company is OMR 2 million.

Branch Office

The branch office is the extension of a foreign parent company. These offices carry out profit making activities.

Representative Office

Similar to the branch office, this is an extension of a foreign parent company. The representative office won't carry out the profit making activities. Only activities that promote a foreign parent company and marketing will be carried by the representative office.

Minimum Eligibility For Oman's Company Registration

Securing A Trade License

Foreign investors can go for a company registration in Oman to use the limited liability company. The LLC has to secure the trade license from the Ministry of Commerce and Investment. This has different types of licenses to carry out business in Oman. Depending on the applicant's needs, a license can be secured.

Minimum Shareholders

The minimum shareholders are appointed for the company. For instance, a Joint Stock company in Oman can have the minimum of three shareholders. Likewise, the shareholders are sufficed for the company's registration process.

Minimum Directors

Any minimum directors can be appointed for a company. The LLC must have at least one director for carrying out the operations.

Reserving Name

Name should be reserved with the Ministry of Commerce and Investment. LLC names can reflect the nature of activities that are carried by LLC. The name must not breach the rules related to copyright, trademark or intellectual property. Company names should not deceive the public and shareholders.

Protocol For Oman's Company Registration

Oman foreign investors usually incorporate a Limited Liability company. So the below procedures are followed to incorporate an LLC in Oman.

Selecting activities to carry out business

Applicants can choose activities that are carried by the LLC. If insurance and banking activities are carried, then applicants need to take consent from the Ministry of Commerce and Investment.

Company Registration

Before company registration, the applicant has to apply in the Ministry of Commerce and Investment to get a trade license. Other permits are needed to get secured by the applicant.

Document Submission

It takes time for the applicant to get approval from the Ministry of Commerce and Investment. At this time, the applicant can have documentation to register a company in Oman. Essential documents are articles of association of company and memorandum of association.

Name Reservation

Applicants have to pick a suitable name for their LLC. The name should have objectives and goals of business. It should be in Arabic and have a legal meaning in Arabic.

Incorporation Certificate

Above steps when completed by the applicant, they get the certificate of incorporation.

Compliances Needed For Oman's Company Registration

Following compliances are needed for Oman's company registration. Corporation Tax - companies should register with the Ministry of Finance for filing the corporate tax. Almost 15% of corporate income tax is levied by companies. Small Business Tax - needs only 3% of corporate tax, when authorized share capital might not exceed OMR 50,000. In such a case, the gross income won't exceed OMR 100,000. LLC Compliance - Notify the Ministry Of Commerce And Investment, if there are any changes in LLC. Annual General Meeting - is once per year.

Documents Required to Register a Company in Oman

  • Memorandum Of Association
  • Shareholders Information
  • Articles Of Association
  • Tax Registration Certificate
  • Certificate Of Initial Deposit
  • Identity Card Of Shareholders
  • Form Of Filed Company Registration
  • Chamber of Commerce And Industry Affiliation
How to Setup a Business & Register a Company In Dubai Mainland
Categories Business, Business Setup, company, dubai, DUBAI MAINLAND

How to Setup a Business & Register a Company In Dubai Mainland

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
Dubai's mainland business set up allows you to benefit from a complete corporate tax exemption. Plus, the 100% repatriation of profits and capitals if you register the trade name in the mainland.
  • Operation Flexibility
Conducts business activities across UAE with the mainland business set up in Dubai. The business incorporation process is simple and needs only a week for completion.
  • Vast Business Activities
It has multiple legal frameworks and license flexibility across the niches of businesses that are easy to set up a business in Dubai. It can be a salon, tourism, eCommerce or real estate, Dubai has a welcoming approach for everyone. But you need to get permission from the UAE government.
  • Bidding On Government Projects
The advantages of mainland business set up in the UAE grants the permission to bid government projects. So, it's advised to partner along with a local sponsor who is the government official to leverage contacts and upgrade your business to greater heights.
  • Legal Procedures
No need to wait or check with the concerned department to get your business license. The mainland business set up gives hassle-free and fast licensing 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
A business activity must be decided to pursue in Dubai’s mainland.
  • Company Structure
As per the business activities needs, you have to select the company structure for the Dubai's mainland business set up.
  • Approval Of Trading Names
A trading name must resonate with your business and target customers. Ignore the use of offensive terms. You can submit the company's document for registration.
  • Business License
The license must be applied for an initial approval for the Dubai's mainland set up at DED.
  • Get Approvals
Apply for the special approvals of business activities. If your Local Service Agent and other documents get finalized, your business license is approved.
  • Visa Application
Apply for the business visa to stay in Dubai. You have to present your documents based on the UAEs mainland business.
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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setup-software-company-in-dubai
Categories Business Setup, company, dubai

How to Open a Software Company in Dubai

Dubai's IT industry is one of its kind with different factors like pro-business government, flourishing economy, tech-savvy investors, and not to mention the state of the art infrastructure contributing to its success. And, within the IT sector, software companies are the centre. Software companies in Dubai have grown substantially in recent years; this is mainly due to the innovative ideas used in public services in Dubai. We are going to explain in detail the prime requirements for opening a software company in Dubai. By taking help from business consultants in the UAE like Blackswan Business Setup Services, the opening of any business, particularly a software company can be done in a hassle-free manner.

Where to open a software business in Dubai?

The IT sector of Dubai is growing tremendously, as said earlier. It is estimated through different surveys that by the year 2020, around 22 billion AED would be generated through this sector. To start a software business in Dubai, one can register either in the Dubai mainland or in one of the free zones. Free zones which are specifically designed to accommodate IT companies are listed below:

Requirements to open a Software Business in Dubai

In order to set up or establish a software business in Dubai, certain requirements must be met. The first aspect is the business registration procedure which includes
  • Arriving at the final destination for the company, whether Dubai mainland or any of the free zones.
  • Choosing the corporate entity under which the company operates (in most cases the LLC is the much preferred one).
  • Starting the procedures for business incorporation by reserving a business name, and having the Articles of Association chosen.
  • Depending on the site of operation of the business, the business registration procedure will be completed with either the Trade Register in Dubai or the free zone authority.
  • As of 2018, all companies in Dubai are obliged to register for VAT, and this is a mandatory step for opening a software company.
  • The license will be issued either by Dubai Companies Register or by the free zone authority depending on the zone.
A business license for the software business, i.e. a professional license allows an individual or company to engage in business activities. This professional license is provided by the DED (Department of Economic Development). The initial step involves hiring a local agent who can deal with obtaining the permit, employment visa, and other mandatory documents. Software business can be registered as a professional business which allows full foreign ownership or as a sole proprietorship. There are provisions to permit civil companies in the presence of one or more partners. Still, the amount must be stated in the Articles of Association of the firm.

Documents Required

The following documents are required to register a software company in Dubai
  • Passport copies of both owners and shareholders
  • Payment proof of the initial approval fee
  • Copy of the local partner's naturalization book
  • A NOC in case of expatriate partners from their sponsors
  • Signing the partnership agreement in front of the notary.
Dubai is the most preferred Emirate when it comes to opening a business, particularly one in the IT sector as the local government supports foreign and local investors. Opening a software business becomes simple and straight forward with the help of Blackswan Business Setup Services. The consultants have years of experience in the field and a thorough knowledge of legal procedures. You can contact us for more info.

Setup your Business Today!

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