10Feb2023

Business, Business License, Business Setup, dubai

Steps to get an Industrial License in Dubai UAE

Industrial License In Dubai : The business world in the United Arab Emirates is growing quickly. As the business world grows, getting a legal license to start a business has become a must. At the moment, the UAE offers licenses in fields like housekeeping, manufacturing, importing and exporting, and freelancing. Steps to get an Industrial License in Dubai? is the subject of this article. In Dubai, businesses that turn natural resources or raw materials into finished goods need an industrial license. This change can be done by machine or by hand, and it can start with raw materials or materials that are already partially made. Most industrial licenses are given by the DED, which stands for the Department of Economic Development. These licenses are used for activities like sorting, making, packaging, storing, and gathering. But the license must be approved by the Dubai Municipality and other ministries and authorities.

The industrial license can be given to businesses in the following fields:

Textile manufacturing
Paper manufacturing
Food industries
Bread manufacturing
Manufacture of petroleum products
The casting of the metals industry
Engines and equipment manufacturing

Conditions to Be Fulfilled to Get an Industrial License

Before you apply for an industrial license, make sure that you have met all of the requirements set by the UAE Ministry of Industry and Advanced Technology. Here is a list of the requirements:

Office Space: If you want to apply for an industrial license, your company must have a warehouse and an office in the UAE. It's not okay to have a virtual office space.
Local License: You need to get an industrial license from a local licencing office.
Capital: Your business must have at least AED 250,000 in capital.
Employees: At least 10 people must be working.

Documents Needed to Obtain Industrial License in Dubai

Company’s registration document
Shareholder passport copy
UAE local sponsor’s National Identity copy
Memorandum of Association with the shareholders and local sponsor
Data report on the production costs
The business model of the factory
Blueprint of the Factory plans
Land Lease Agreement for the site when approved

Procedure to Obtain an Industrial License in Dubai

You need permission from the Dubai government to start a business or make changes to an existing one.
Once you get their OK, you have to go to the Department of Economic Development (DED) and ask for an industrial license.
The DED will get in touch with you once your application is accepted.
Your license must also be approved by the Industrial Registry, the Chamber of Commerce and Industry, the Ministry of Health, and any other relevant authorities.
You must use the above documents in a way that meets the requirements of the right authorities.

Cost of getting Industrial License in Dubai

How much it costs to get an industrial license depends on where you want to get the license. The cost of getting an industrial license depends on whether you want to do business in the mainland or in a free zone. Other things to consider are the cost of renting space, the cost of extra permits and registrations, and the cost of the business license. On average, it costs about 35,000 AED - 50 000 AED to get a license for a business. Cost may differ based on the activities & and various other factors. You can call Balck Swan now to know about the cost.

Privileges of Industrial License

Companies that have industrial licenses in the United Arab Emirates have been given special rights by the government and ministries there. The goal is to encourage businesses and get more money invested in them. Here are some of the reasons why getting an industrial license in Dubai is a good idea:

Conditions for renting space that have been made to help the investor
The government gives you cheaper land to build your business on.
Prices are lower for water, electricity, and other things that people need.
Advice on how to improve your industry was based on what other industries like yours did.
Loans for products with new ideas can have lower interest rates.
During the R&D phase, the government will give you money if your product is expected to help the economy.
Exceptionally high-quality goods will be the top priority when the government buys things.

Obligations of an Industrial License Holder

The United Arab Emirates' federal government has put some requirements on a business license holder in Dubai. You must follow the rules if you don't want bad things to happen and if you want your business to run smoothly. As soon as your project is approved, you have 6 months to start building your industrial space.

Send the Department of Economic Development all the documents they need (DED).
You must first send a letter to the Department of Economic Development when you are ready to start your industrial operation. After that, DED gives a certificate of authorization.
Your business needs to be on the registry of businesses. Send a letter to the right people asking them to register you.
If you need to make changes or additions to your company's records, you must send a letter to the Department of Economic Development. The letter must be written in a certain way and describe the changes.
You can't sell or rent out the land that the government gave you to help your business grow.
Your company must make a list of all the workers who have signed up and send a copy to the DED.
If it doesn't say otherwise, none of the goods or materials that were brought in after a request for customs duty exemption can be used.
Follow the rules, laws, and policies of the land to the letter.
All instructions about keeping fit, keeping clean, and making sure the workplace is safe must be followed to the letter.
Reports need to be sent to the right people on a regular basis.

Blackswan Can help you in Getting Industrial Licence in Dubai Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Company Formation In Quoz Mainland Industrial Area Dubai, Industrial License In Dubai

7Feb2023

Business, Business Setup, company, dubai

Advantages of Opening a Company in IFZA free zone

Want to start a business in a free zone but don't know what the benefits of IFZA company formation are? You don't need to look any further because this blog has everything you need to know. More and more people are interested in starting a business in this area. This is not only because it is in a good spot in Dubai, but also because it gives entrepreneurs so many opportunities. First, it's important to note that the free zone's location in Dubai is enough to help a business grow on its own. This is because the emirate has built a reputation as a place where people who want to get things done go. It has become one of the best places in the Middle East and the whole world to start a business. Also, the country has taken many steps to keep up with the constantly changing business world. Free zones in the UAE, in particular, have a lot of benefits that can help businesses grow. Read on to find out more about how IFZA companies are made.

Why choose business setup in IFZA?

IFZA, which is also called International Free Zone Authority, has become one of the most important places for investing in the UAE. Over the years, IFZA has grown into a strong platform with more than 800 partners around the world and a large global network. The free zone has set up a community where small and medium-sized businesses (SMEs) can join a large platform. This platform is made to give international and local businesses the tools they need to grow and thrive in a setting where innovation and development are important. The area has a variety of facilities, including warehouses, apartments, and office space.

Advantages of IFZA company formation

It's clear that there are a lot of benefits to IFZA company formation. Here are some of them:

Full ownership of business:IFZA lets foreign investors own 100% of a business they start.
Full profit repatriation: Companies in a free zone can send all of their profits back to their home country. This gives them the freedom to send all of their money back to where they came from without any rules.
0% corporate tax: The laws of the UAE say that businesses don't have to pay corporate tax on their income. This means that you can keep all of your profits.
0% import or export tax: In contrast to the mainland, there are no customs duties in free zones.
Strategic location: The free zone is in an important part of Dubai. This gives investors access to global markets that are among the best in the world.
Global connectivity: Dubai is home to people from all over the world, and you can connect with a global business community there.
Range of business activities: In a free zone, you are free to do a lot of different business things.
Time-efficient and simple registration process: Getting a license is a quick and easy process as a whole. The investors also have easy access to services for starting a business and running it in a free zone.

Reasons why company formation in IFZA is the right move for your business

One of the best things about company formation in IFZA is that it gives entrepreneurs who want to move up in the business world a variety of packages to help them get started on the right path. IFZA is also the only free zone in the UAE that gives investors who set up a business "‘lifetime visas." Also, the area is strategically close to a lot of important markets. The pros of starting a business here are also much more important than the cons of IFZA company formation. The rules and regulations that apply to companies set up on the mainland do not apply to this area. Branch companies, holding companies, and Limited Liability Company (LLC) with one or more shareholders are the different types of business structures in IFZA. One of the best things about forming an LLC in IFZA is that you can only lose as much as you put into the business. One of the biggest perks when it comes to company formation in IFZA is that it offers an array of packages to entrepreneurs who want to advance in the field of entrepreneurship and to set them

Unique features about IFZA business setup

IFZA is one of the few free zones in the UAE that stands out for its unique benefits and the chances it gives investors. These things are:

There is no need for the investor to send in an audit report every year.
No paid-up share capital requirement
Owners and employees can get a visa for up to 3 years.
There is no need for employees to put down a guarantee deposit in a free zone.
Permission to have an office online
Investors don't have to be physically present when a company is formed.
No letter of support is needed from the current visa sponsor

Trade licenses offered by IFZA

There are different licenses available in the free zone, such as:

Service License
Trading License
Industrial License
Holding License

The entrepreneur can conduct up to 7 activities under one trade license. IFZA is also one of the few free zones in the UAE that allows professional, commercial, and industrial activities to be done under the same license. E-commerce is also not seen as a separate thing to do. But if you have a general trading license, you can still sell goods on online platforms. Tags : IFZA company formation, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, IFZA Dubai free zone Company Formation Process, Company Formation in IFZA Dubai Free zone

27Jan2023

Business License, Business Setup, company, dubai

Sole Proprietorship Company Formation in Dubai

A sole proprietorship is an exciting way to start a business because it is owned and run by one person, and the business license is also in their name. It's a common way for people who offer professional services to set up a business. One thing that makes a sole proprietorship different is that it can't have any shareholders or partners, nor can it have a company or corporate body. Even though there is no shareholder in this case, you may need to hire a local service agent depending on the type of business you run to help you go back and forth to get government approvals, licenses, visas, and more. As is the case with Local Service Agents in general, they don't have any say in how your business is run and don't have any shares in it. You still own it 100%, but they get paid an annual fee for the services they provide. The cost of setting up a sole proprietorship business is lower, but the fact that the owner is responsible for everything can be a problem in the long run. The person in charge of a single-location business is responsible for all of the money, both the profits and the losses and debts. In this case, if the business ran into financial trouble, the person might have to use all the money they've put into the business as well as their own assets to pay off those who are owed money. At Black Swan, we know both the technical details of setting up a sole establishment and the risks that come with it. Our goal is to make these processes easier for you, help you understand your options, and give you the best strategies for your business. Let's try to do great things together!

Benefits of a setting up a sole proprietorship

Setting up a sole proprietorship has many benefits for the person doing it. Here are some of them:

100% Ownership

Owners of sole proprietorships enjoy having full control over their businesses, whether they are from the area or from another country.

Ease in trading

The fact that sole proprietorships and other businesses with a mainland license can easily do business anywhere in the country, even in free zones, is a huge benefit.

Affordable

The UAE Government got rid of the paid-up capital requirements that used to be in place for sole establishments so that qualified people could use them more easily.

Operate as an LLC

People who want to start businesses in the service industry have a golden opportunity to set up their businesses as LLCs. With an LLC, the investor's personal assets stay safe, and they are only responsible for the amount of money they put into the business.

Documents required to set up a sole establishment

For a sole proprietorship company formation, you need to send in all the required documents, just like with other licenses and types of businesses. This makes sure that your application goes through smoothly. Here are the things that need to be done;

Filled application form
Passport copy of the owner
Owner’s residence visa or visit visa copy
Business activity and trade name options
Proof of registered office address
Local service agent’s Emirates ID copy (if any)
Proof of knowledge in the professional field (educational qualifications or professional experience/ required by some activities only)

How can you establish a Sole Proprietorship?

The Department of Economic Development (DED) is the main governing body for businesses on the Mainland. If you want to do business in any Emirate, you must get permission from the DED to do so.

The first thing you need to do to set up a sole establishment is to send the DED your business activities and business name to get initial approval. This is a sign from the DED that you can move forward with the rest of the process.
Depending on how you run your business, now would be a good time to hire a Local Service Agent. Along with this LSA, you must write and sign an agreement that spells out each of your duties (as well as the annual fee that the Local Service Agent will be awarded, if required).
After those things are taken care of, it's time to think about office space. For mainland licences, you must have a physical office. You must send your tenancy contract and Ejari to the DED along with other documents after you've rented an office space and made sure everything is set.
Now would be a good time to apply for any special permissions that your business might need from other groups.
When you have all of the above, you can send all of the paperwork back to the DED, make your payment, and get your business licence.

Setting up a business can quickly become a boring job if you don't have help from a professional. We want to give your business the boost it needs to be successful. Get in touch with our expert team and let's get the ball rolling on how we can help you set up a sole proprietorship. Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai

Difference Between Foreign Trade Foreign Investment

26Jan2023

Business License, Business Setup, dubai

Difference Between Foreign Trade & Foreign Investment

Globalization has changed the shape of markets all over the world and how business is done. As part of globalization, foreign trade, which is the buying and selling of goods and services in different parts of the world, is one of the most important changes. The next big change that globalization has brought about is foreign investment, which is when people and businesses put their money into companies based in another country. Foreign trade and foreign investment both bring in money from outside the country, which helps the country grow. Let's look at the article to figure out what the difference is between international trade and international investment.

Definition of Foreign Trade

Foreign trade is the act of buying and selling goods and services on markets outside of your own country. It makes it easier for goods to be sold on the market of a country other than where they are made. It means that there are more goods to choose from because the prices of similar goods are almost the same. So, the producers have to compete with each other. A country needs to trade with other countries in order to get the resources it needs. This means that trade between countries happens because no country is self-sufficient. So, to meet its needs for natural or man-made resources, it trades with a country that has a lot of them. Also, it's good for the countries that have a lot of certain minerals or other things to sell them to other countries. Importing, exporting, and re-exporting are all types of international trade. Foreign trade is governed by trade policy, which is made up of guiding principles and control measures that help keep track of the country's exports and imports.

Definition of Foreign Investment

Foreign investment is when a large amount of money from a foreign person or company is put into a domestic company. This means that the foreign person or company owns a lot of the company and also runs it. In short, foreign investment is when money from a country other than the company's home country is put into the company. So it causes capital to move from one country to another. It can take the shape of: Foreign Direct Investment: Investment from outside the country in a company's production or business.

Foreign Portfolio Investment: A foreign company put money into the stock market of another country.
Foreign Institutional Investment: Foreign investors put money into the company's passive holdings, which are used by the company in a different country.

Key Differences Between Foreign Trade and Foreign Investment

We will talk more about the differences between foreign trade and foreign investment in the following points:

Foreign trade is the exchange of goods and services across the borders of a country. Foreign investment, on the other hand, refers to the type of investment that a company or person from one country makes in the equity of a company in another country.
Every country doesn't have all the resources it needs, which is why it needs to trade with other countries to get the resources it doesn't have. On the other hand, foreign investment tends to meet the company's capital needs from outside the country.
Foreign trade links the markets of countries all over the world. On the other hand, foreign investment brings money, technology, and other resources to the company that were not there before.
Foreign trade gives American businesses a good chance to sell their goods around the world and reach more people. On the other hand, foreign investment tends to bring in long-term capital in a foreign currency.
The main goal of international trade is to make money and make a name for oneself on the international market. Unlike a foreign investment, which is made with the goal of getting long-term returns and having a stake in a company in a different country.

Conclusion

The Gross Domestic Product (GDP) of a country goes up when it trades with other countries or gets money from other countries. This is an important source of economic growth. To sum up, foreign trade is the buying and selling of goods and services. Foreign investment is when a foreign company invests money for the long term in an international market. Black Swan can help you in Company Registration in Dubai, Oman & Saudi, Fill up then form below and get a free quote Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai

20Jan2023

Business Setup, company, dubai, How To

How to Register a Forex Trading Company in Dubai

Forex trading in Dubai, UAE, is a popular way for many foreign investors and business owners to make money. Like all other businesses in the UAE, forex trading businesses in Dubai, UAE are well regulated by the local government. In fact, the UAE government gives the forex industry in Dubai all the help it needs and more. Because the government of Dubai has helped and thought ahead, the city has a huge forex market that traders from all over the world can enjoy. Learn How to Start a Forex Trading Company in Dubai by reading this information below. Most of the people who live in the United Arab Emirates are expats, which means that there are more foreigners living there than people who were born and raised there. Because of this, the foreign exchange market in the United Arab Emirates would be busy even if there were no forex traders there. This makes the forex markets the most stable and profitable business in the world. If you think you have what it takes to start a forex trading business, you can definitely make a lot of money in this field. There are a number of free zones in the area that these financial companies can use. For example, DIFC, which stands for Dubai International Financial Center, is the best and most popular choice for entrepreneurs who want to start a forex trading business in Dubai. No matter what, if you are good at forex trading and know what you are doing, you can make a lot of money from your investments.

Steps to Register a Forex Trading Company in Dubai, UAE

If you want to start a forex trading business in Dubai, you need to get a forex trading license from the Dubai Financial Service Authority or the authority in charge of the free zone where you want to do business. You should also remember that it is against the law in the United Arab Emirates to trade without a license to do so. If you want to get a forex trading license, you can always get help from business setup consultants in Dubai, UAE. Here are the steps you need to take to open a forex trading business in Dubai:

Choose a business setup consultant

The first step in starting a forex trading company is to find a reliable business setup consultant in Dubai, UAE, that has a legal relationship with a government agency. Before you open an account with the broker you choose, take the time to learn as much as you can about them. Most brokers give you a demo account where you can trade without putting any real money into it. So, you can check your demo account to see if the broker you chose is right for you.

Obtain a Forex Trading License in UAE

After choosing a good broker for your business, you need to get a forex trade license from the Dubai Financial Services Authority, or DFSA. The DFSA keeps an eye on all kinds of trading in the country's financial market. The DFSC checks your company to see if you have what it takes to run a forex trading business in Dubai, UAE.

Start a Forex Trading Company in Dubai

You can start forex trading in Dubai once you have a license to do so from the Dubai Financial Services Authority. Remember that you need to make a solid plan for your money and stick to it. People who don't know what they're doing and don't have a lot of experience can get hurt on the forex market.

Benefits of Forex Trading Company in UAE

There are some things that the forex trading business can offer that no other business can. This is because the forex business is different from other kinds of businesses. With a daily turnover of around $6.7 trillion, the foreign exchange market is one of the biggest places to do business. As we can see, the forex market's size gives it some advantages that no other market can offer or copy. Here are some of the reasons why a forex trading company in Dubai is a good idea:

Stability and Security

First of all, it is thought to be one of the most stable business sectors because it has a lot of money and is big. Even the biggest players can't change the market, which is different from the stock market, which is easy to change. And because the government in Dubai keeps a close eye on the forex market, it is very safe. You can start a forex trading business with little trouble and run it in a legal way.

Flexibility

Flexibility is the best thing about a forex trading company. You can take care of your business from anywhere and at any time. You only need a computer and a good internet connection to trade on the forex market. It can be done on a laptop or even a phone. You have a lot of freedom to find a good balance between work and your personal life. Unlike the stock market, you can still make a lot of money even when times are bad.

Tax Benefits

Even though Dubai said it would start charging a corporate tax, a company needs to make at least USD 102,000 to be able to pay the tax. On top of that, the business needs to be on the mainland. Companies in the free zone areas don't have to pay corporate taxes. So, you can start a forex trading business and benefit from not having to pay taxes, which will help you make a lot more money.

Easy to Begin

The foreign exchange market is easy to get into and get out of because there are so many transactions every day. It is easy to change your position or sell it off on the market. If you are looking for reliable brokers who can help you set up a forex trading company in Dubai, UAE, Black Swan can help you set up a forex trading company in the mainland or free zone areas. Contact us today to learn more about registering a forex trading company in Dubai. Tags : Set up a Forex Trading Company in Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai

19Jan2023

Business Setup, company, dubai

How to Register a Logistics Company in Dubai ?

Dubai's connections to the world's major business centres are always getting better and growing. This means that any business owner can think about starting a logistics company in Dubai. Learn how to start a logistics company in Dubai by reading the article below . Dubai is one of the busiest sea-air multimodal transport hubs. This is because it has low freight costs and cheap transportation. The city's airlines and shipping services now connect about 400 cities around the world. Because of this, the logistics industry has grown a lot over the past few decades. But since many companies have moved to the UAE, the UAE is a huge market for your logistics company. Everyone wants to move their goods from one place to another if you are connected with UAE. So, this Article talks about How to Register a Logistics Company in Dubai.

Benefits of Registering a Logistics Company in Dubai

The country's policy which is open to foreigners is helped by the fact that its culture is thriving and full of new ideas. This makes it one of the best places to register & start a logistics company. Here are some reasons why you might want to register a logistics company in Dubai:

Because of how far technology has come and how helpful the government is, almost limited paperwork is needed to start a logistics company in Dubai.
Dubai's location at the crossroads of the East, West, North, and South makes it easy for producers, manufacturers, and suppliers from all over the world to do business there. This thing helps Dubai's logistics industry grow.
The United Arab Emirates has a great public transportation system.
The UAE government is always trying to make things better for foreign businesses & investors in the city.
Almost every foreign business doesn't have to pay taxes in the UAE. All types of taxes, from income and business taxes to personal taxes, are included. But some businesses have to pay 5% VAT on certain business activities.
There are a lot of free zones in Dubai, which makes it easier for you to run your own logistics business.
Your logistics business does not have to pay taxes to the government, whether it is on the mainland or in a free zone.
Once you have all the necessary documents with you, getting a license is a lot easier.

How to Start a Logistics Company in Dubai?

Before you can start a logistics company in Dubai, you need to have all the required paperwork. This makes it easier to start a business in the UAE. Here are some of the documents that are needed:

Copies of passports and visa
Two passport-size photographs
Entry visa and stamp pages

The documents may differ depending on what the business does, where it is, and how it is set up. Our experts at Black Swan can give you a full list of all the documents which is required to setup logistics business. Below is a list of the steps you need to take to register a logistics company in Dubai. This will help you set up a business in Dubai with ease:

Choose a Unique Name

The name of your logistics company should be unique and easy to remember. Also, naming rules in Dubai are very strict, so if you pick a name that is acceptable and legal, you can avoid legal problems. So, pick a name that makes sense and register it with the right UAE authorities.

Decide the Structure of Your Company

Your logistics company will run more smoothly if it has the right structure for your business. You can choose a structure that works for you, such as a sole proprietorship, a branch office of a foreign company, or a Limited Liability Company. Choose an organisation type that works for your logistics business.

Apply for business License

Every business in Dubai needs a business license because that's what the law says. Getting a business license for your logistics company in Dubai would be easier if you opened a corporate bank account. To get a business license, you need to send in the paperwork/documents and pay the fee. There are many kinds of business licenses in the UAE, so you can apply for any one of them. For your business, you also have to get approval from relevant authorities.

Choose a Business Location

Each place has its own advantages and amenities. Choose a place for your business based on what it needs. You can set up your logistics company on the mainland or in a free zone. For your business, you will need a real office and a place to park your fleet of cars. Before choosing a location for your business, think about how many vehicles you will use, how much money you have, and what technologies you will need.

Get Your Business License

Once you complete all the above steps, you will get your Logistic license. Once you have obtained your license, you can begin your logistics business in Dubai. You can now proceed with all the activities that you have planned for your logistics business such as seeking out prospective clients and contracts.

How Much Does It Cost to Register a Logistics Company in Dubai?

Several things affect how much it will cost to register a logistics company. Some of these factors depend on the type of license you choose, the number of vehicles you need, the security features, the cost of skills development training, advertising campaigns, extra approvals, visa and so on. Setting up a logistics business in Dubai can start at around AED 18,000. Our experts at Black Swan can help you figure out how much you need based on the needs of your business.

Start Your Logistics Company Black Swan

Black Swan is one of the best business setup consultants in Dubai and the United Arab Emirates. Our business experts can help you set up a business in Dubai and speed up the process of getting approvals from the right authority. All you have to do is get in touch with us if you need our full-fledged help and guidelines. Tags : Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation

18Jan2023

Business, Business License, Business Setup, dubai, uae

2023 Guide on Professional License in Dubai

Before starting a business in Dubai, you might need approvals, certain types of licenses, permits, and visas to make sure that your business operations are legal according to UAE law. The article given below guides you on how to get a professional license in dubai .

Different types of licenses in Dubai

Dubai gives people and businesses three different kinds of licenses, each of which is for a different kind of activity. Commercial license (issued for performing trade activities such as import-export, general trading, and other commercial activities) Industrial license (issued for manufacturing, assembly and processing) License for professionals (issued for individuals interested in offering professional services such as design, doctors, dentist, security services and other non-commercial activities) In addition to these three types, there are many other licenses for specific business purposes that depend on the business, operation, or services offered.

Professional license in Dubai, UAE – what is it?

In Dubai, a professional license is a type of business license that is needed to run a business in the country. The license is given out by the Department of Economic Development (DED). It lets a person or a business with only one owner do any kind of work that requires intellectual or creative skills. This license lets the holder do business in certain areas, such as consulting, beauty salons, printing and publishing, repair services, and carpentry and artisanship. A professional license lets foreign investors own 100% of a business ownership, giving them all the benefits of a sole proprietorship. To follow the law, the company must hire a local sponsor who is a citizen of the UAE. The agent has no other direct relationship with the company besides getting a set fee every year for the service they provide. They won't own any part of the business and won't have to pay any of its debts. The professional license is both a way to regulate business in Dubai and a way to protect them. If the business has more than one owner, it is set up as a civil company.

Professional license in Dubai – the activities allowed

The professional license in Dubai lets you do the following, but not just those things:

Artisanship including arts, painting, sculpting and similar skills
Business services like developing business processes and getting rid of paperwork
Carpentry
Cleaning services
Consulting services
Computer graphics
Design services
Web Service
Digital marketing,
Educational training services
Entertainment artists, including singers, musicians, and similar artists
Engineering design services including mechanical, chemical, civil, manufacturing, electrical, structural, and architectural
Electronics repair services for digital cameras, laptops, smartphones and watches
Electrical equipment repair and maintenance
Hairdressing, salon and spa
Independent auditing and accounting services
Information technology services
Legal advisory services
Medical services
Printing and publishing
Repair services of appliances, vehicles and other equipment (household or industrial)

Business Setup companies in Dubai can help you in getting Professional Licence in Dubai.

Steps to get a professional license in Dubai, UAE

Professional trade licenses are the easiest to get in Dubai. Here's what you need to do to get your driver's license:

Fill out the local service agreement form with the UAE national with the help of a local translator. Get the paperwork for the local service agreement signed and notarized.
If the agreement is in Arabic, you don't need a legal translator's seal.
Write the Memorandum of Association with the local sponsor.
Include the annual sponsorship price in the contract.
If you are getting a license for a civil company, you need to fill out another application form and have it attested.
The court agreement must be signed by all partners or owners in front of a notary public.
Get a municipal clearance for the rental agreement; submit all signed forms and one original copy; send copies of the owners' or partners' passports to any DED branch; Pay for the license and a payment voucher at the counter.

Documents needed to register a professional license in Dubai

You will need to show proof of your education and work experience when you apply to the Department of Economic Development (if any). The DED will look at your credentials before giving you a professional license. In addition to this, you must send in the following:

Forms filled out correctly
An attested copy of the owner's or partners' passports.
A copy of the Jinsiya, the local partner's naturalisation book.
A No Objection Certificate (NOC) if you or another shareholder works for a UAE company.
A copy of the foreign partners' visit, tourist, or transit visa.
Depending on the nature of the business activities, you may need additional permission from the right authorities.

If you have any questions, you should talk to one of the business setup managers at Black Swan. They can tell you exactly what you need to do and help you make sure your paperwork is free from any mistakes.

Cost of a professional license in Dubai, UAE

How much it costs to get a professional license depends on a number of things. They include licensing fees and administrative costs, the cost of registering a trademark, agent fees, cultural fees from the government, etc. So, in Dubai, a professional license can cost anywhere from AED 10,000 to AED 18,000. The cost differs for different activities. Get in touch with Black Swan to get an exact price quote. We can give you an up-to-date price tailored to your unique requirements.

Working with Black Swan

Hopefully, you now know what a professional license is and how to get one, as well as what paperwork you need. If you still have questions, you can talk to one of our business setup advisors, who will be happy to help. Black Swan is the most trusted and oldest business setup company in the UAE. We've helped 1000’s of people start businesses that have done well. Helping you set up your business in Dubai is just the beginning. We also offer a wide range of other services, such as preparing taxes, giving legal advice, and PRO Service. Tags : Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai, Professional License in dubai, Commercial license in Dubai, Industrial license in Dubai, UAE Corporate PRO Service

10Jan2023

Business, Business Setup, company, dubai, uae

Difference Between Branch and Subsidiary in Dubai

Setting up branches in different places is a common way for companies to grow their business on a national or international scale. Branch offices are part of the parent company and are opened to do the same business as the parent company. This helps the parent company reach more people. Branch offices are different from subsidiary companies. A subsidiary company is a business that is owned by another company, called the holding company, which has the most shares. The parent company owns both the branch and the subsidiary company, but they are different in many ways. The article below explains the differences between a company's branch and its subsidiary.

Definition of Branch

A branch is an extension of the parent organisation that is set up in a different place to reach more people. It does the same things that are done at the main office. The person in charge of the branch is called the branch manager. The branch manager is directly in charge of the branch's work and also reports to and takes orders from the head office. Most banks and other financial institutions have branch offices that act as agents. Setting up branches in far-flung places increases the number of customers and makes the business easier to reach. It also helps distribute goods and services quickly and well.

Definition of Subsidiary

The term "subsidiary company" refers to a business that is owned and controlled by another business. When one company buys another, the company that bought the other company is usually called the "holding company," and the company that was bought is called the "subsidiary." A company is a subsidiary of another company if any of the following three things are true:

Ownership stake: If another company owns 50% or more of the corporation's total equity share capital.
Composition of Board of Directors: If a company's Board of Directors (BOD) is made up of people chosen by a different company. The way BOD is put together means that all or most of the directors are chosen by another company.
Deemed Subsidiary: If a company is a branch of a company that is itself a branch of another company.

Difference Between Branch and Subsidiary

The difference between a branch and a subsidiary can be seen in the following ways:

A branch is a company that is separate from the parent company but does the same business as the parent company at a different location. On the other hand, if a company owns and controls another company, the company that owns and controls the other company is called the holding company, and the company that is owned and controlled by the holding company is called a subsidiary company.
Branch has to tell its Head Office about how it is running. On the other hand, the holding company is in charge of the subsidiary company and owns most of its shares.
The Branch office might do the same kinds of business as the Head office. On the other hand, the subsidiary company might or might not do the same business as the parent company.
A branch is not a separate legal entity, but a subsidiary company is. It has its own identity that is different from that of its parent company.
When it comes to branches, accounts can be kept together or separately. However, subsidiaries keep their own separate accounts.
If we're talking about investments to open a branch or subsidiary, the parent company has to put up all of the money to set up a branch somewhere else. To own a subsidiary company, on the other hand, the parent company has to put up between 50% and 100% of its own money.
When a branch office can't pay its debts, the Head Office has to pay them. On the other hand, a subsidiary company's debts do not spread to the holding company.
If a branch is always losing money, it is shut down. If a subsidiary is always losing money, it is sold to another company.

Tags : Start a Branch Office in Dubai, Subsidiary Company in Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai

23Dec2022

Business, Business License, company, dubai, uae

UAE Opens Golden Visa Residency to more Workers

After the new Abu Dhabi Visa categories go into effect, the Abu Dhabi Residence Office (ADRO) said that people will be able to apply soon. As seen on the Abu Dhabi Residents Office (ADRO) website, the UAE long-term visa will now be available on Abu Dhabi Residents Office (ADRO) website. Scientists, researchers, senior scholars, clerics, elite specialists in industry and the fourth industrial revolution, elite specialists in health fields, elite specialists in education, and skilled professionals can now get a Golden Visa. "Applications will be accepted soon after the new Abu Dhabi Visa categories go into effect," ADRO said, adding that each category has the following requirements:

For scientists and researchers:

Hold a Master's or PhD in Engineering, Technology, Life Sciences, or Natural Sciences, as defined by the Ministry of Education.
A PhD from one of the world's top 500 universities or a Master's degree from one of the world's top 250 universities. Or, a Master's or PhD from one of the top 100 universities in the field of study.
A grade of 1.0 on the Field Weighted Citation Index (FWCI).
A score of 10 or more on the H-index.

A Scopus H-index grade > 20.

Based on what the Ministry of Industry and Advanced Technology suggested, the UAE has made progress in setting up research and development sectors both inside and outside of the country.

For senior scholars and clerics:

A letter of recommendation from the Ministry of Culture and Youth or a local authority with the right skills.

For elite specialists in industry and fourth industrial revolution:

A letter of recommendation from the Ministry of Industry and Advanced Technology or a local authority that knows what it's doing.

For elite specialists in health fields:

A letter of recommendation from the Ministry of Health or Department of Health in Abu Dhabi.
A licence to work in the UAE that is still valid.

For elite specialists in education:

A letter of recommendation from the Ministry of Education or the Department of Education and Knowledge in Abu Dhabi.
A licence to work in the UAE that is still valid.

For skilled professionals:

Should have a job in the UAE.
Have one of the following jobs, according to MOHRE's scheme for classifying jobs:
- Level 1 Classification – Managers & Business Executives.
- Level 2 Classification – Professionals in the fields of Sciences, Engineering, Health, Education, Business and Management, Information Technology, Law, Sociology, and Culture.
At least a bachelor's degree or the equivalent is required.
At least 30,000 AED (or the equivalent) per month.
If asked, you must have a valid licence to practise in the UAE (such as Physician, Pharmacist, Teacher etc.).

The long-term visas will help members of the immediate family as well. The Golden Visa or Green Residence visa holder can sponsor their children until they are 25 years old, up from 18 years old before. There is no age limit for daughters who are not married. No matter how old they are, children with determination can get a residence permit. The UAE Golden Visa residency programme started in 2019. It allowed foreigners to live, work, and study in the UAE without a local sponsor and with full ownership of their business on the mainland of the UAE. Tags : Golden Visa eservices Dubai, UAE Business Golden Visa, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai

21Dec2022

Business, Business Setup, company, dubai, Offshore Company Formation

Offshore Company Setup in JAFZA / Dubai

Dubai Offshore Company is not on the list of places to avoid because it is not a tax haven. So, it doesn't have any agreements to share information, so it's a fully secret place. In short, you will have a prestigious office address in Dubai, and you can open a bank account there or somewhere else. A Dubai offshore company gives clients, suppliers, and even potential venture capitalists a good impression. When compared to other types of businesses in Dubai, setting up a Dubai Offshore Company is quick and easy.

Advantages of Dubai Offshore company

The offshore company can be owned by 100% foreigners.
No UAE citizen needs to be a shareholder or sponsor.
The company can own real estate on the Palm Islands or anywhere else that the JAFZA approves.
There is no public list of the people who run a business. In order to register a company, no name should be given out.
Keep more than one bank account.
The company does not have to keep records or books.
New laws for the islands
The offshore company will not have to pay any income or business taxes.
There are no limits on foreign money.
Profits and capital from offshore companies can be sent home in full.
The costs of starting up are lower than those of an onshore company.
There is no office on land, so there are no employees or costs related to them.
Legally, you can avoid paying certain types of taxes on income and/or profits.
To start an offshore company, you only need a small amount of money.
At least one director or shareholder is needed.

Company structure for an offshore company in Dubai

Investments or Joint Investments Company
General Trading
Holding Company
Shipping or Ship Management Company
Property Owning
Copyright or Patent Company

The authority in charge of setting up the offshore company should approve a registered agent. The agent will either have to be in the free zone or in the UAE. Black Swan Business Setup is one of the market leaders in offshore business consulting and a registered agent for Jafza Offshore. We help clients find ways to pay less in taxes, protect their assets, and limit their liabilities. We do offer incorporation services in the most important offshore centres in UAE.

We offer

Registered Office with PO Box
Registered agent
Preparation of Memorandum and Articles of Association
Preparation of registration forms
Preparation of Incorporation Certificate
Assisting in Opening a multi currency bank account
Filing with the registrar of Companies
PRO Service

With Black Swan Business Setup , you get a team that knows the area well and has a lot of experience. This lets us understand your business's needs in a very specific way. So, we can give you advice on the best options and make sure your business is set up with the least amount of trouble and work. Setup your Business in JAFZA with end to end support from Blackswan Business Setup Team. Call us today for a free consultation. Tags : Dubai Offshore Company Formation, Jafza Offshore Company Formation, Types of Business License in JAFZA, JAFZA Offshore Regulations Features, Company Registration Process in JAFZA, Company Registration Business Setup Process in JAFZA, JAFZA Free Zone Company Formation Registration Process, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Business Incorporation Dubai

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