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A transition has been witnessed in influencer marketing from a niche for luxury brands to an effective channel with mass-market appeal in the last decade. Unlike the traditional methods of promotion, influencers today market every product and service with greater reach. There is a queue of brands to market their wares on this most modern of platforms.
Globally, The estimated worth of the influencer market is almost USD 5bn and between now and 2025is expected to grow by 25%. Here in the UAE, for a social media campaign, influencers regularly charge between USD 1,000 and 10,000, with up to USD 50,000 spent by some companies on a single ad.
The influencer market is regulated with license thereby making the companies more confident. Getting a UAE influencer license can be quick and easy with an apt support,
How to Get Your Influencer License in the UAE?
There are few steps to be followed to apply for your social media influencer license.- Outline your business activities. Every activity that applies to your business should be listed out failing which can lead to fines or even license revocation.
- When starting up as an influencer, ‘Marketing Services Via Social Media’ should be the prime activity. To promote and market their products and services via social media applications, the license gives permission. To attract and retain customers, a plan is prepared along with purchasing an advertising space.
- 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.
Applying For Your Influencer License In Dubai
You can now apply for your influencer or social media license in UAE, with your admin taken care of. A trade license has to be issued by the DED to work in this field, along with approval from the National Media Council (NMC). 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, A copy of your signature A No Objection Certificate from your current employer (if applicable) Emirates ID photocopy Passport photocopy Trade license photocopy (for NMC application) They 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.How Much Does An Influencer License Cost?
The overhead charges of an influencer license are low. Cost of license from the Dubai Department of Economic Development (DED) is AED 20,000 to AED 25,000 whereas UAE free zone applications may also include the cost of your visa.
Black Swan Business Setup Testimonial by Pawan Kumar Bansal Technical Services LLC
Expo 2020 will now welcome the world on 1 October 2021
A new law was announced in 2021 permitting 100% foreign ownership in the United Arab Emirates. This law grants foreign ownership in mainland or “onshore” businesses.
The traditional law only allowed 49% of foreign ownership. The 100% foreign ownership was permitted only in free zones or while setting up the professional services company. The milestone economic reform for the United Arab Emirates has the law to increase FDI in the United Arab Emirates by 15-20%.
It's the best time to invest in the United Arab Emirates. UAE is seen as the gateway to international business opportunities and even more. This country is known for their pro-business culture and conducive infrastructure of foreign investment.
UAE is inclined towards a political climate extremely favourable for investments. The benefits are zero corporate taxes of the gained profits and complete exemption of income tax. Currently, there are endless opportunities with the new reform that benefits UAE’s economy and foreign investors alike.
The reason to choose mainland over free zone foreign investment
The free zone areas have some restrictions when it comes to foreign investments. When the tax and customs benefits are lucrative, the restrictions complicate things for first-time entrepreneurs. Restrictions like staff numbers and ownership of spaces are absent when you invest in the mainland business setup.The company formation in UAE is now simpler for foreign entrepreneurs
Sectors that directly benefit from the new law are artificial intelligence, renewable energy, technology and space. With the traditional law, foreign investors work closely with local sponsors for their mainland business. New law removes this obligation. When you are an entrepreneur looking to invest in the UAE, you get more autonomy now. So you can directly focus on your company formation without worrying much. This shall increase productivity and explore added avenues to make profits.Guiding to benefit from UAE’s new foreign ownership rule
The mainland business setup is preferred over the free zone business setup because of various reasons. This has increased access to the world market as a lucrative enough offer for many. The new law also has few restrictions imposed on free zone businesses. You must be guided by professional consultants when you are a first-time investor. The professionals make the process seamless and hassle-free, making you choose the best UAE destination for your business. Select the best assistance to guide your company formation in the mainland Emirate. Grow your business to new heights by making the most of the new foreign ownership law.
Dubai Company Formation Testimonial by Mr Haroon
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For company formation, renting an office is mandatory. official business address cannot be designated to a private residence. Different types of offices are available which are subjected to the competent authority. workstations in an open-plan office of a business center, already fitted out offices or shell and core premises to warehouses with attached office space are various options. you cannot only rent commercial spaces but also buy them which is subject to the location of the company and the individual case.
UAE exhibits different ideas than the rest of the Middle East. They rely less on oil production, knowing they would run out someday. UAE imparts trades and merchants with startup opportunities and investment for UAE's booming entrepreneurship.
The United Arab Emirates is an ideal place to start your business. Based on the World Bank's Ease of Doing Business 2020 report, setting up a business in UAE is easier than in other Middle East countries. It takes only eight days and simple procedures to start a company in the UAE. Dubai is the best place for the UAE to invest because of its healthy business climate and abundance of resources. Dubai rulers are working hard to improve the business environment and provide opportunities for investors.
Best Businesses to do in Dubai
Construction
The construction of skyscrapers and high-rise buildings is not slowing down in Dubai. New buildings are erected with every passing day. Huge opportunities are open for architects, engineers, construction firms, real estate developers and various professionals of the sector. The investor can set up a real estate development firm or manufacturing business to sell materials used in construction.Handyman services
The handyman service business is in higher demand as people look for trusted agencies and skilled workers. Start the business with individual services of a small job for the clients. The working area of the handyman needs plumbing, maintenance, repair and other electrical jobs to offer different services to your clients.Beauty and Hair Salon
The residents of Dubai are conscious when it comes to beauty and fashion. Set up a ladies beauty salon in Dubai to provide services for beauty, hair, feet, nails and face. You must know the requirements of business and know Dubai's fashion trends.Real Estate Agents
The increasing number of expats increases the real estate affairs like selling, buying and renting of properties in Dubai. Residents have trustworthy agents to make property dealings. You must get advice from the consultancy agency and get the required licenses by authorities.Oil and Gas
The oil and gas industry of Dubai has operations like extraction, transportation, exploration and distribution that generates revenue for investors. The business startup needs thoughtful planning to start a business in the industry.Travel and Tourism
Opportunities for tourism includes business tourism, sports tourism, shopping tourism, medical tourism and cultural tourism. Other things related to tourism are food services, hotels, restaurants, transportation and photography. Travel and tourism emerges as a powerful industry with an annual economic impact of 6.5 trillion U.S dollars worldwide.Start a travel and tourism industry that makes profitable ventures for passionate entrepreneurs.Job Agencies
Many expats come to UAE in search of good job opportunities. Open a job providing agency in Dubai to connect companies and job seekers to use your channel. The Job Recruitment Agency Company can be started with ease and minimal investment.Webpreneur
Internet marketing, e-commerce, web development, mobile and online businesses are the trending sector for investments. E-commerce stores thrive more for businesses to go online. The digitization of the United Arab Emirates is growing and continues to provide more opportunities for webpreneurs.Online Tyre Trading Business
All prestigious car brands wander on the roads of Dubai. It gives rise to unique business opportunities for online tyre traders. The total worth of the tire market in UAE is valued at $ 220 million in 2019 and may cross $ 420 million by 2025. The Pioneer of the industry is PitStop Arabia, one of the leading online tire shops of Dubai.Business Consultancy Services
Business setup services and Business consultancy are the profitable business of Dubai. Get the license for the business from the authorities.Setup your Business Today!
Rules for Company Formation in the Dubai Mainland: Starting a company in the Dubai Mainland comes with the knowledge that there won’t be too many restrictions and regulations while conducting business activities. What is necessary though, is to have a local sponsor. You can maintain a 100% percent ownership but you still have to have a local sponsor as it is legally required for business documentation. If you want to maintain full ownership, the local sponsor has to agree to refrain from interfering in the business activities.
Types of Companies in the Mainland
Limited Liability Company (LLC): The company needs to have a minimum of two shareholders and maximum up to 50. Each shareholder is liable according to the percentage he/she holds. Branch Office: Investors can expand into Dubai and are given an opportunity to set up their branch office in the mainland. Public Shareholding Companies: This type of company is suitable for businesses dealing with large lucrative figures like banking, finance and insurance. Professional Firms/Civil Companies: Owners can choose their field of functioning and can retain a 100%percent ownership. Representative office: Can exist without a shareholder but cannot conduct business activities. Its sole purpose should be research and marketing.Steps of Incorporation
One should decide the business entity to be formed and get the name approved. The business owner must then start by finding a trustworthy sponsor without whom he cannot start the business. Then comes the drafting of the Memorandum and Articles of Association, followed by submission to seek approval from the Department of Economic Development (DED). Then one should find reasonable, strategic and affordable office space to conduct the business activities out of and geta tenancy contract. The next step is to apply for a trade license. Getting the relevant trade license for your business is important. There are three types: Commercial licenses: These licenses cover all trading activities and are for businesses where 51% of shares are with the UAE National and 49% with the business owner/expat partner. Industrial licenses: These licenses cover all manufacturing and production activities and are for businesses where 51% of shares are with the UAE National and 49% with the business owner/expat partner. Professional licenses: These licenses cover all professional services, craftsmen and artisans and all the shares are held by expat partner only. All that is left to do now is submit all applications and pay the necessary fee, after which you can obtain your license and conduct business activities! Setting up a business in the Dubai Mainland has many advantages such as unrestricted operations, working with government bodies and its open wide presence in the market in and out of UAE.Setup your Business Today!
Catering has long been a big business in the UAE due to the thriving tourism sector and affluent community. Dubai is at the centre of this market either to dine in or order and take off or grab a bite from one of the food trucks. There is a huge demand for great food, though there is a new restaurant popping up on every corner. Working with a local expert, will never make it easy to start a catering or food delivery service business in Dubai. you can be up and running in no time if you do your homework and know what to expect.
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