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Technical Services License in UAE
Categories Business, Business Setup, dubai, License, uae

Technical Services License in Dubai, UAE

License that you need depends on the type of activity you undertake. For example, you’ll need a manufacturing license if you are going to manufacture goods. You’ll need a commercial license if going to sell goods. There is no specialised application process for a specialised license. you can obtain your license and be ready to trade within days with the help of a UAE company formation expert.

Activities In Technical Services

The license is correct if you carry out any of the following trades and services:
  • Air-conditioning and ventilation
  • Building cleaning services
  • Carpentry
  • Concrete works
  • Electrical fittings
  • Engraving
  • Flooring and tiling
  • Insulation works
  • Painting and decorating
  • Plumbing and sanitary works
  • Satellite equipment installation and maintenance
  • Solar equipment installation
Technical services license is also required by many more activities. A company formation specialist will help you find the best way to find out what type of license you require. At Blackswan Business Setup, we’ll take the time to get to know your business before advising on the most appropriate license and setup.

How To Get A Technical Services License In Dubai, UAE

We can manage the entire application process on your behalf , once we’re happy that you require a technical services license. This usually takes just five simple steps.
Step 1: Choose Your Business Activity
List a business activity on its business license and it is mandatory to list the activities during the application process. Fines or even license revocation may be provoked if we fail to do so.
Step 2: Choosing Your Company Name
Choosing a company name is the next step in accordance with naming conventions like, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name. A legal entity like FZE or LLC has to be attached with no resemblance to any other company. Black Swan will help you with these initial decisions.
Step 3: Choosing Where To Set Up
We, at Blackswan, will work with you to decide the best type of setup for your business which may be either mainland or free zone. Business in a free zone is beneficial as it has tax exemptions and other advantages. But one can trade freely in the local UAE market, in mainland business setup. Once the decision is made, we will guide you through the license application process.
Step 4: Applying For Your License
There is a slight difference in the license application process whether you set up in the mainland or a free zone. Application should be submitted to to the local municipality or Department of Economic Development (DED), if setting up in the mainland and can be applied directly if in a free zone. Black Swan can manage the entire process for you to ensure smooth running. We’ll require the following documents to make your trade and NMC license applications on your behalf. This includes:
  • Your signed application form
  • A business plan
  • Passport copies of each individual (Shareholder/s and General Manager)
  • Original No Objection Certificate (if required)
Step 5: Applying For Your Visa
You can also help you apply for your UAE visa and Emirates ID which involves four stages including a medical fitness test and biometric capturing that usually takes less than a week. You can also sponsor others such as children, a spouse or domestic staff for their visas being holders of a UAE business license.

Technical Services License Cost In Dubai

Numerous factors affect the cost of your technical services license. For example, it is usually more cost-effective to set up in a free zone than in the mainland. The various factors may be
  • Whether you have employees,
  • Number of visas you apply for
  • Whether you require additional approval from industry bodies.
Payment ranges from AED 15,000 for a free zone license and AED 40,000+ for a mainland license.

Starting Your Technical Services Business In Dubai

It is possible to obtain your trade license and establish your business in Dubai by following the steps above said. So if you are planning to get a license in Dubai, feel free to talk to Blackswan.
Grow Your Business with the help of Business Consultant in Dubai
Categories Business, dubai

Grow Your Business with the help of Business Consultant in Dubai

Dubai is among the most favoured destination for foreign investors. This land of businesses does offer huge paying return, thereby helping businesses to start from scratch to become the industry leader. It is the business consultant, who can make this happen. The consultant can be described to be a person who offers expertise and valuable advice to matters pertaining to the business. They have rich experiences in their respective field, thereby being able to analyze competitors, market scenarios, strategies besides taking care of diversified areas. Given below are the ways by which you can make your business to grow in Dubai hiring the business consultants:

Market Dynamics

Any layman cannot easily understand Dubai’s market dynamics, as it is substantial and fast. Those interested to start their business here are to hire consultants who with their skills can make the tasks to seem easy and straightforward by analyzing market dynamics.

Identifying key strategies

To start business in Dubai, one essential aspect to consider is to strategize business plans as well as to simulate correctly. Your whole business can come down in a flash if you take one wrong approach. The business consultant having years of expertise, experience and knowledge will help promote your business and to thrive in today’s competitive environment.

Saves precious time & money

Trying to analyze the market aspect, risks involved and other crucial aspects associated with the company is likely to take plenty of time. The consultant will be able to tackle such matters efficiently, smoothly and effectively using years of expertise and data analyzation. This way, not only precious time, but also money is saved that can be used for other purposes.

Human Resourcing

It is essential to have the right set of people working in your company to grow any business. They need to have all the essential skills, so as to comply with business ethics and standards. They should also be aware of as to how their presence can help uplift the industry. The business consultant will be able to provide the necessary human resource necessary for your business.

Rules & regulations

There are several foreign investors who have been establishing businesses in Dubai. It is essential to adhere to numerous rules & regulations that exist and keep on changing frequently and needs to be adhered to. Follow-up of the same is best done by the consultants. They will keep you updated pertaining to updated information from the concerned authorities. They also will provide you with proper guidance with regards to license work that needs to be done with the Dubai government, including how they are to be implemented correctly for future development.

Advisory on Finance & Investment Management

For any business desiring to create an empire, investing and financing moves side by side. There will be required proper planning and strategizing to ensure that the business grows and thrives even in fluctuating markets and not get stagnated at any point of time. For this, there will be required to be hired external expertise such as the business consultant who does possess valuable knowledge, resources and can guide your business effectively.

Best results

Poor results are not likely to encourage any company to be in business. The consultant with rich experience and expertise can help gain the very best results for your type of business. They can work in any industry and be ready to adapt to whatever is found suitable for your business, therefore, offering 100% guaranteed results.

Risk Analyzation

There are plenty of factors to be considered in a business and ‘how to analyze risk factors and its conversion to profit’ is one among them. Proper and timely guidance will be provided by the business consultant to help convert all risks as well as explain the same in a better manner, including how to save the business without actually affecting it by taking risks.

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Differences between Dubai Mainland and Dubai Free Zone Business Set Up
Categories Business Setup, dubai, Free Zone, News

Differences between Dubai Mainland and Dubai Free Zone Business Set Up

Differences between Dubai Mainland and Dubai Free Zone Business Set Up: It can get quite confusing to not know where to start you business in Dubai, whether on the mainland or in the free zone and what are the differences?

Dubai Mainland companies are licensed and incorporated by the Department of Economic Development (DED) and can do business locally and internationally without any restrictions. Whereas, business companies in the Dubai Free Zone are limited to functioning only in that zone of the respective emirate and cannot expand into the mainland. Upon comparison of the criterion that suits you well, you can make the decision of where to set up your business in Dubai.

The Scope of Business

Mainland Company: There are no restrictions. It can do business in the local market, free zone or go international.

Free Zone Company: The FZ companies can only do business withing the free zone of the emirate or outside of UAE, on international grounds.

Ownership

Mainland Company: A local sponsor is needed to incorporate the business, and the expat partner can only hold 49% of the shares and 51% goes to the UAE local body.

Free Zone Company: CAn be hundred percent owned by the expet partner and doesn’t need a local body for representation.

Office Space Restrictons

Mainland Company: Business owners need to lease at least 200 square feet of space annually and submit an annual tenancy contract.

Free Zone Company: No restriction on having an office space. Businesses can be incorporated without office space and can use the communal business centres for up to five hours a week to save initial setup costs.

Visa Facility

Mainland Company: There are no restrictions on getting visas. An Electronic quota is established for the business, through which more visas can be obtained if the need for staff is more.

Free Zone Company: Upon getting the smart office package, 2 visas can be obtained. But depending on the free zone, 3-6 visas can also be obtained.

https://www.youtube.com/watch?v=dyD9QCJc1-0

Capital Requirement

Mainland Company: It varies depending on the form of the legal business entity.
Free Zone Company: It varies depending on the emirate in is located in.

Auditing

Mainland Company: All businesses in the mainland need to audit every year.

Free Zone Company: There are exceptions in the free zone. Not all have to audit except the FZ Co and FZE.

Government Approvals

Mainland Company: For every license that business in the mainland gets, an approval is needed from the respective authority - (Department of Economic Development), DM(Dubai Municipality), Ministry of Labor (MOL), Department for Naturalization and Residency affairs of Ministry of interiors or Immigration (MOI).

Free Zone Company: The do not require approvals from authorities outside of the free zone, there is an internal governing body.

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How-to-Start-a-Manufacturing-Business-in-Dubai
Categories Business, Business Setup, dubai, How To

How to Start a Manufacturing Business in Dubai?

How to Start a Manufacturing Business in Dubai?: The UAE is one of the places with better opportunities to open up your manufacturing plant. There are varied benefit s in opening a manufacturing plant in the UAE. The country's manufacturing sector is very vast and diverse, with products to and from the international markets.

Registration Process for manufacturing Business

In order to a new manufacturing company in Dubai which produces new products or transforms raw materials, the following steps are pursued:
  • While setting up a Business in Dubai Mainland, you need a local sponsor who will own 51% of the company's share
  • Selection of your business activity, a crucial step as it affects the type of business license to be procured
  • Getting a trade name with which the company will operate and get it approved by the authorities
  • To obtain authorization from the Ministry of Economy for the project, get a NOC (No Objection Certificate) by drafting an MOA (Memorandum of Association)
  • Locate a well-equipped warehouse for your manufacturing plant and get a tenancy contact and Ejari from the landlord.
  • Approval from Dubai Municipality's Planning division to procure an Industrial license
  • A NOC from Civil Defense
  • Procure any additional approvals E.g. for a food manufacturing company, a NOC from Food Control Authority is mandatory, for chemical products, you need a clearance from the narcotics department, and for jewelry clearance from Dubai Police is a must.
  • Submit all the documents to the Environment Department for Industrial Clearance.
  • After approval, submit the same to the Dubai Department of Economic Development (DED) for registration.
  • You will receive your Industrial License and Certificate of Incorporation.

The Pros of Starting a Manufacturing Business in the UAE

The benefits of starting a manufacturing business in UAE are listed below
  • Infrastructure is far better with fits-all industrial facilities and office rental spaces
  • Factories in free zones are set up with no or minimal taxes
  • Ease of access to markets of Africa and Asia due to the geographical location.

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Categories Business, Business Setup, dubai, uae

HOW TO START YOUR BUSINESS IN DUBAI?

Black Swan is a corporate service provider company. We can help you know all about where, how and how much you need to start a business in Dubai. For more details please watch full video https://youtu.be/kxVyZj_C3cI Get free consultation Call or WhatsApp +971-52 244 7476 / +971-42406939 Website : https://bss.blackswanbss.com/ Official Blog : https://bss.blackswanbss.com/updates/ Facebook : https://www.facebook.com/blackswan201/ Twitter : https://twitter.com/BlackSwanBSS Instagram : https://www.instagram.com/blackswan_businesssetup/ LinkedIn : https://www.linkedin.com/company/black-swan-business-set-up-services
How to Setup a Start-Up in Dubai
Categories Business Setup, dubai, How To, Startup

How to Setup a Start-Up in Dubai

How to Setup a Start Up in Dubai: Startups are those businesses that are focused on top-end revenue and growth potential of their venture. They provide unique services or products in the market. They are small companies which can fit well in any economy. The startup market in Dubai is one of the most leading hot spots as theories a lot of booming economies there. With the influx of many many young entrepreneurs and women entrepreneurs, the startup market is gaining a lot of traction. Moreover, the new visa system offers 10-year visas for business persons and professionals if they want to start a business in Dubai, therefore it attracts more business. The way to set up a startup in Dubai is the same as starting any business. There are some procedures to follow:

Research the Jurisdiction

There are many zones in Dubai Market - Mainland, Free Zone, and Offshore. Make sure they meet the demands of your business and the activities you want to conduct. Each has different perks and limitations.

Company Structure

To know the correct form of operation of the business, you need to decide the legal form or the company structure for your business at an initial stage before you start the rest of the procedure.

Getting Approval for Name and Activity

One needs to get approval for the name and activity that you want to do from the Department of Economic Development before actually setting up. The activity is also approved at this step and required documentation is distinguished for the process of licensing.

Getting License

Depending on the type of business you can choose the type of license you want to obtain - Commercial License, Professional License, Industrial License and Tourism License.

Registration of the Business

Licensing and Registration are done hand in hand, therefore the entire process is known as the registration process. The Department of Economic Development (DED) usually deals with giving trade licenses to businesses to conduct business-related activities.

Local Sponsor/Partner

One of the rules of incorporation of a business as default is having a local sponsor who can either be a percentage partner or is strictly involved only as a person to authorize documentation. There can be a leeway in Freezone companies in this regard.

Getting External Approvals

Sometimes approval from DED alone is not enough and requires approvals from other bodies, governmental as well as non-governmental bodies. For instance, companies may require getting approvals from the municipality, banks, embassies, etc.

Drafting an MOA

Ensuring to take expert advice is crucial because a lot of details can’t be changed and they need to be made in a way that they comply with all business regulations.

Renting Office and Getting Tenancy

There are some restrictions and rules for the amount of office space required in some areas of jurisdiction. A tenancy contract must be acquired before getting the business license.

Getting the Business License

After the entire procedure is over and several documents are submitted - Memorandum of Association, the License Application, the attested LLC agreement, governmental forms, name reservation certificate, initial approval certificate, external departments approval, tenancy contract, registration certificate, passport copies partners, NOC for partners (if any) or any other specifications as per your business demands - one will have to pay the necessary fee and get the license from DED.

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Financial Benefits of Starting Business in Dubai
Categories Business, dubai

Financial Benefits of Starting Business in Dubai

Dubai is the business hub of the entire Middle East, and the benefits of starting and conducting business in such an entrepreneurial environment are limitless. The support from the government, law, the many tax benefits and the splendid infrastructure create an environment of ease to conduct business activities. While that remains as appealing as it is, there are added financial benefits of starting a business in Dubai as entailed below.

Value Added Tax: To pay or not to pay

VAT was introduced in UAE as 2018 had commenced. VAT was brought in so that the government could continue to provide quality public services to the country. Customers were liable to pay 5% value added tax on their purchase to the business owner who then paid to the government. But not everyone needs to pay VAT - Only companies with taxable supplies and imports exceeding AED 350,000 per year need to register for VAT in the UAE are liable to pay VAT.

Avoiding any capital gains tax

In most countries, a business has to pay significant taxes on some of its assents upon selling them off if there is profit gained in the sales. In Dubai and the rest of UAE, the capital gains tax is null and void, so it is a good place to do business and sell off assets that have increased its value over time if the need arrives. This is especially applicable in those industries that deal with property and real estate.

No corporate tax

Having to pay corporate tax can be a huge burden. Corporate tax rates are very high and eat up most of the income gained by the company. In UAE, you don’t have to worry about paying corporate tax at all unless you are in the oil exploration or banking sectors. You could rather put the income into expansion or other fields of the betterment of your business.

Taxes from Tourism help your business

Each person staying at a hotel is liable to pay a small hotel tax and departure tax. The percentage rates of those have reduced over the years, which in turn has increased tourism, encouraging people to travel to Dubai even more. This tax collected in turn helps the government to better the tourism and hospitality industries. The Dubai economy is a fantastic place to see your business boom!

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Why Companies are being Liquidated in Dubai
Categories Business Setup, dubai, News

Why Companies are being Liquidated in Dubai

Why Companies are being Liquidated in Dubai: While there lie a large number of opportunities in the booming Dubai, there are some companies that are forced into liquidation. It is because of some financial and legal reasons, or because of inadequate planning or some bad choices. In such cases, companies have to undergo a compulsory liquidation. Whereas, sometimes the company board comes to a mutual consensus and conducts a voluntary liquidation. It is important to thoroughly do market research and see what you’re getting into before you start a business so you aren’t at the brink of liquidation. Reasons for liquidation also include not being able to fun day-to-day business activities and it is best to see those signs much beforehand and prevent the actual process. Here below are some logistic reasons why a business needs to be liquidated. An understanding of this will help you stay on par with your business situation.

Location Matters

The location of your business should be strategic, depending on who you want your market to be and where you want to function. With restrictions on operating in the free zone or mainland, one must choose the location with great detail to avoid any mess.

Planning Right

The planning process begins even before the incorporation. Staying ahead of yourself will help ensure you’re making the right decisions. Impulsive decision making without careful thought can put your business in a situation where you have no option but to liquidate.

Competent Workforce

The business owner himself cannot handle all the operations of the company, hence there is a need to hire a workforce. But now, he is also responsible and liable for the actions of the workforce and any damage or faltering from their part could do huge damage to the business. Therefore, while hiring it is important that you vet the potential candidate and remind him/her of the tasks and the gravity of it that they’ll be undertaking.

Skills of the Owner

While it may be important to hire a good, competent and knowledgeable staff, it is also important that the owner is skilled enough. Having financial, managerial and entrepreneurial skills are important. He/she should be able to take on any responsibility and notice mistakes made and have good eye for detail, overseeing all tasks.

Flow of Capital

Sometimes, business expenditure may exceed your expectations and you need more than you anticipated to keep business operations going. So you either have a reliable line of credit or stashed capital to take out for your operations. If the company goes into debt, it is required to be liquidated.

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Categories dubai, Testimonial, uae, Video

How to Register for VAT in UAE?

We are a corporate service provider. We can help you register your VAT @ AED 500. You also outsource book keeping service for monthly, quarterly or yearly basis. For more details please watch full video https://youtu.be/3ouEW-Oriu4 Get free consultation Call or WhatsApp +971-52 244 7476 / +971-42406939 Website : https://bss.blackswanbss.com/ Official Blog : https://bss.blackswanbss.com/updates/ Facebook : https://www.facebook.com/blackswan201/ Twitter : https://twitter.com/BlackSwanBSS Instagram : https://www.instagram.com/blackswan_businesssetup/ LinkedIn : https://www.linkedin.com/company/black-swan-business-set-up-services
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