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Category Archives: 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
How to Set Up a Foreign Owned Company in Oman

How to Set Up a Foreign Owned Company in Oman?

Oman Ministry of Commerce And Industry brought in a new Foreign Capital Investment Law effective from 2nd January 2020. It aims to make Oman an attractive investment environment. This law ensures the stability of foreign investment in the country. New Law has many incentives and benefits to foreign investments that provide stability and business flow in the Sultanate which has an impact on economic development.

Requirements For A Complete Foreign Ownership In Oman

Since January 2020, foreign companies, investors and citizens in Oman are able to hold 100% of their businesses in several industries in the mainland of Oman. A few activities of the mainland are reserved for Omanis, other activities need a local Omani partner who has a minority shareholding. There are several Oman Free zone areas. Refer our pages on Oman Free zones for more details. A list of 40 activities are reserved for the Omanis in different sectors like translation services, manpower recruitment and tailoring. These lists are amended by the executive regulations by 30 July 2020.

Consultancy Activities In Oman

All kinds of consultancy activities need a Local Omani shareholder and their requirements remain the same. An investor or foreign company can set up a consultancy office in partnership with an individual or Omani company. The Omani partner must hold 35% of shares in the new company. OMR 150,000 must be available as the proof of funds.

Documents Needed For Individual Shareholders

  • Passport copy of the individual.
For Corporate Shareholders:
  • Trade license
  • Certificate of Incorporation
  • Memorandum of Association
  • Board Resolution and Power of attorney
  • Certificate of equivalent or Incumbency
These documents must be legalized, attested and notarized from the country of origin. Then it is sent to PPG in Oman to get legal translation & stamping in the Country. Business Plan - required by MOCI, the business plan has 3 sections.
  • Investment costs
  • Project description
  • Date to start project
CR application form- It needs the following requirements:
  • Shareholding structure along with nationality and holdings for corporate or individual shareholders.
  • Proposed Company Name.
  • The proposed Company grade ( 4 to 1), and has an excellent grade above 1.
  • OMR of 20,000 for Grade 4 and OMR of 150,000 for Grade 1, and for excellent grade OMR of 250,000.
  • Share capital need not be deposited before the company's opening.
  • The Grade of the company affects the Omanisation requirements and the activities that the company obtains.
  • Confirmation of the Company’s Financial Year.
  • Proposed activities of company.
  • Authorised signs & the manager of the company, who has the level of control in business (from admin to manager).
  • Form is authorised and shared by the shareholders.

Steps To Set Up An Oman's Complete Foreign Owned LLC Company

  • Document preparation
  • Initial approval and trade name (Commercial Registration with MOCI), CR application form and business plan.
  • Chamber of Commerce Registration.
  • Warehouse or Office Lease Arrangement.
  • Need of Completed CR and Lease Agreement- Municipality License Application. In this stage, the company is fully registered.
  • Ministry of Finance Registration (register with MOF for annual audit and tax department).
  • Ministry of Manpower (apply for labour quota and get staff visas).
  • PRO registration in CR to apply for visas with the Royal Oman Police. It is individually named Omani PRO.
  • Extra external approval based on the company's activities. (Oman's Customs registration to trade and import goods).

Fees To Set Up An Oman's Complete Foreign Owned Company

  • Government registration fee - OMR 3500.
  • Cost of the Municipality License depends on the lease values and company's activities.
  • OR 20 for the registration fee of Omani Customs Government.

How Can Black Swan help?

Get in touch with us to set up a 100% foreign owned company in Oman or for share transfers for restructuring existing companies.
How to Start Lifestyle Consultancy in Dubai

How to Start Lifestyle Consultancy Business in Dubai

After the pandemic, people have shifted their attention towards mindful living. This results in increased opportunities among 'lifestyle consultants'. Consultants help clients to manage fitness, style, relationships, nutrition, and many more. They focus on the lifestyle of the clients and guide them to make positive changes and align them with their goals. This new industry is a lucrative opportunity for people who like to start a business in the United Arab Emirates. The United Arab Emirates has 90% of foreign individuals in their country. It has a unique landscape of people with a diverse portfolio of different individuals and lifestyles, making the diverse market to get better. Here, you'll explore how to start your lifestyle consultancy business in Dubai.

Choose Your Company Name

After choosing your business activity, you must select a name for your business. It is important because the name of the business represents your brand. The name you choose must adhere to the rules of UAE authorities and must not be offensive.

Select Your Location in Dubai

You must choose the suitable location for your business. Mainland and free zones are the two main locations you can select from. It has its own advantages and perks. Mainland locations provide direct access to markets while free zone locations offer ease in business setup, low financial costs, diverse licensing perks, easy applications, and many more. Choosing a suitable location will seal your deal to turn your business dream to reality.

Business' Legal Structures

A legal structure your business undertakes depends on the location you choose. Mainland business can access LLC legal structure allowing for sole proprietorship, or partnerships. Free zones offer 100% ownership to the entrepreneurs regardless of business activity and nationality. You can register the company as a Free Zone Company (FZC), or a Free Zone Establishment (FZE). FZCs need two shareholders or more and FZEs require one shareholder.

Trade License Application in Dubai

You must acquire a license if starting the lifestyle consultancy business. The trade license allows its holder to engage in the business activities in the United Arab Emirates. This document is necessary for every entrepreneur. You should apply for a consultancy license and specify as lifestyle coaching for your lifestyle consultancy business. To apply for the license normally, you should submit your documents to the particular Emirati government authority. For a free zone, you must submit your documents to the specific free zone authority.

Documentation & Paperwork to setup Business

This is a vital step to make your business to run smoothly. Every entrepreneur and firm must abide by the laws and regulations of the UAE. After this step, you're legally permitted to commence operations. Black Swan can help you in Business setup service in Dubai. Call / Whatsapp +971 56 219 3732 / +971 4240 6939 or Fill up the form below to get an affordable business license in Dubai. Related Links:
how to setup forex trading company in dubai

How to Setup a Forex Trading Company in Dubai

Stock market is an active and dynamic industry for starting a forex trading company in Dubai. People around the world trade in various sectors. It's the largest market in the world which involves daily trading volume. Dubai stands out due to its business-friendly environment and well-developed financial system. You can open a forex trading company setup in Dubai on the mainland or in the free zone (DIFC).

Set Up A Forex Trading Company (Dubai)

If you like to enter the forex trading industry, here are the steps to guide you:

Analyze The Market

Usually people don't analyze the market in-depth. Before any step, you must know the pros and cons involved in the forex trading business. Now the digital revolution makes it easier. You can research and contact the right forex broker, they'll help you understand the aspects of forex trading. The experience you have will determine the needs. If you have a previous experience in the stock market, you can go for advanced platforms which offer forex trading api or service. When you're a beginner, you can stick to a simple trading platform. You should evaluate before you set up the forex trading company.

Choose A Broker

Get to know whether the broker is regulated under a government agency. Enquire if the broker functions as the market maker or uses the electronic communication network. The elements to consider are the margin, broker, demo account, narrow dealing spreads, educational resources, trading platform offered, customer service, and educational resources.

Obtain A Foreign Trading License In Dubai

Solicit the license to open the forex trading companies from Dubai Financial Service Authority. This has the independent legal procedure that monitors the trading of commodities exchange, and international equities in the United Arab Emirates. When you pass the credibility test, you'll get a license to run your forex trading company.

Open A Trading Account

You can now begin the forex trading with the live-funded account. Set an easy trading plan and stick on with it. You must hire a local business consultant to open your forex trading company. The value insights can make you understand the market, get the business license and set your forex trading company in the United Arab Emirates.

Advantages Of Starting A Forex Trading Company In Dubai

Like other businesses, forex trading is profitable in Dubai. Here are the advantages:
  1. You can trade from anywhere, at any time and earn profits. You just need a smartphone or a computer with proper internet connection to trade. Forex trading is manageable with high liquidity, minimal risk, and low transaction cost.
  2. You get zero percent tax policy in the UAE. It allows you to earn extra revenue and helps you to establish a trading company.
  3. It is easy to set up a forex trading company in Dubai. People get skeptical to invest in exchange market. But with secured and regulated by Dubai Financial Service Authority, the investors can trade in foreign exchange.
Tags : Business Setup in Dubai, eCommerce Licence in Dubai, Trade Licence in Dubai, Freelance licence in Dubai, Professional Licence in Dubai
How To Incorporate Holding Company In Oman

How to Incorporate a Holding Company In Oman

The holding company can be formed as a limited liability company, or a joint stock company under a "CCL" (Commercial Companies Law Of Oman). A holding company must need a minimum capital of RO 2,000,000. This type of capital can be paid in full upon the holding company's incorporation or upto 50% if it's a joint stock company. When the issued share capital is partially paid, then the balance amount must be paid within three years from the holding companies' incorporation date.

Objectives Of Holding Company

  • To manage the subsidiary company or participate in managing other companies where holding company can own shares
  • The investment of funds in bonds, shares, and securities
  • Guarantees, granting loans, and finance to subsidiaries
  • Acquisition of trade marks, patent rights, concessions, intangible rights of exploitation by the company or lease their subsidiaries to other companies.
The holding company may not own interests in limited partnership or in general, as it can be prohibited to own shares in some other holding company.

Minimum Capital

The holding company has the minimum capital requirement of RO 2,000,000. The issued share capital of 50% can be paid at the incorporation time in the holding company with a balance amount to be paid within three years from the holding companies' incorporation date.

Time Duration To Set Up The Holding Company

If it's a limited liability company, the holding company can be registered in just 15 days from the date of commencement. But if it's a joint stock company, it takes at least 45 days. Similarly, ensure that RO 2,000,000 of entire capital should be paid on the time of incorporation.

Count Of Directors

In joint stock companies, there can be a maximum of 12 directors, and a minimum of 3 directors. The limited liability companies don't have the board of directors.

CCL Of Article 128

The holding companies' board of directors can call the chairman of the board of directors from the subsidiary company to attend the board of directors meeting held by their company, while considering the matters of their affiliate company. Hence they can give remarks, express their opinions, offer statements needed by the board on issues. He can participate in discussions but doesn't have the right to vote.

Expatriate Director

No restrictions on the count of expatriate directors for the board of holding companies.
How to Open Corporate Bank Account in Oman for Companies

How to Open Corporate Bank Account in Oman for Companies

The first step to consider after your company registration is to apply for a corporate bank account. To open a business bank account is proof that your company is doing business and exists in the market. The corporate bank account focuses on offering their services to businesses and companies. One such benefit is that the corporate account permits companies to get advice from bankers who can help you in business if facing fiscal hardships. One must stick to the rules set by the Government of Oman when opening the corporate bank account. The procedure is very simple. You must collect the relevant documents and submit them to the bank you like to. The bank where the account is opened should be chosen after proper inspection.

Corporate Bank Account's Features in Oman

Assist in Audit

The corporate bank account has the detailed information of all transactions that are conducted by the company. When your company bank account doesn't overlap your personal bank account, you don't need to go through all your transactions to find essential information. This can save more time and labor for both the business and the auditor.

Enhances Your Image

When paying the creditors or suppliers, you can issue a check from the business account to let your customers know that you're conducting a business. Also, using separate account books can make your creditors believe that your company is true.

Gives A Professional Appearance

The company's image will enhance if you keep a business account. So while using cheques, the creditors will acknowledge your business.

Company's Liquidation

If there comes a sale in the company, a process like an audit is performed by the buying party. In that time, you need to provide more documents. Hence the banks can consider the legitimate authority for verification. These banks maintain all data and statistics which gives the ease to transfer the company.

Documents Needed To Open The Corporate Bank Account

  • Eligible Visa
  • Valid Passport
  • Id of shareholder
  • Two photos of shareholders
  • Residency copy
  • Work-Permit
  • Resident Card
  • Original trade license
  • Reference Letter from bank (expats country of origin)
  • No-Objection Certificate from Omani employer (stating expected salary disbursed into respective accounts)
  • Proof of residential address
These documents should be with a business person when opening an account in the corporate bank. We can guide you to set up an account in Oman that provides all necessary steps. Our experts' team can assist you throughout the process. Are you looking for a Business Setup Company in Oman ? You have landed the right website, Blackswan can help you in corporate bank account opening and also entire Oman company incorporation process
How to Setup and Start HR Consultancy Business in Dubai

How to Setup & Start HR Consultancy Business in Dubai

Figure out the importance of Human Resource Consultancy business in the cosmopolitan Dubai. Like its understanding of importance it is equally essential in knowing difficult work ambience. We are sure; HR consultancy services are not a smooth road but a challenging one, which forces you to the edge to every corner. Always get good relaxation, motivation and take your energy to be more tolerant.

Set your foot in HR Consultancy

Companies truly struggle in picking out befitting candidates for the vacant roles from the busiest, influential and talented world of Dubai. Thus, HR Consultancy companies come into life. Although there are many popular HR consultancies, there is still a need for start-up HR firms to pick the best candidates for the vast industrial and business market. Be thriving and energetic because technologies, artificial intelligence and machine skilling have seen enormous growth. All the angles of HR consultation has a plethora of potential business opportunities that comprises recruitment, selection of candidates, general consultation, assigning employees, providing training, learning, employment rules, regulations and so on. Most of the HR consultancies provide basic HR assistance and general particulars. This kind of consultancy does more focus on a few areas and they possess high in depth proficiency.

Authorized services of Dubai’s HR Consultants

Recruiting process is not bounded by the United Arab Emirates Consultancy services. HR consultant firms can do different variant services of Manpower enforcement. Companies and Industrial sectors that focus on production and other product & sales complications could hold support from a third party firm for its reduced tightness of workforce management. Setting up a HR consultancy in Dubai is a wise option. You cannot simply set it up but all we need is a license to start. The list of services permitted under HR consultancy business in Dubai are, Human Resource Management – Either initiate your consultancy as a man-power sourcing recruitment firm or step into a complete consulting service provider. Any business or company that lands in Dubai views HR management service as crucial and very essential factor. Dubai, as a centric place of UAE, has properly structured labor acts and regulations that should be followed by every segment of companies. Human Resource management is thus simply managing and enforcing man power of clienteles. Planning administration and restructure – Entire re planning of administration and organizational restructure show as the needs of engaging Human Resource experts in support. Companies themselves need not to be involved in doing restructuring process. All a clientele firm need to do is handover to an HR consultation. Programmed HR objective – The employee number in a company does not only depend on its number of projects. It depends on the core focus of the company, vision and mission of the company and the plans it holds. Number of employees and potentiality of a staff enrolled in are decided by the HR consultancy. Thus, HR consultant firms in Dubai take care of objectives, resolutions and plans of the company. Auditing of HR – You are permitted to stretch your hand in HR based auditing service to your client firm when you possess Human Resource Consultancy License in Dubai. Sometimes business firms or industrial units struggle with less productions whilst having sufficient employee rates. The fundamental flaw here is irregular labor management. So, HR audits are beneficial to remove interims affecting businesses. Employee scanning and payroll management – Industries and companies concentration must be focused on its core business process. Engaging with a HR consultation relieves payment calculation, salary disbursement, interviews, and hiring employees with promising talent a company looks for. HR consulting agency in Dubai has complete approval to take care of payroll managements and performance analysis for neglecting weakness of entity.

Documents needed to apply

  • Description of your business duties
  • Ejari, called as tenant contract of office space
  • Brief Background of owners
  • Owners copy of passport
  • Mandatory Experience of 5 years internationally or 3 years in local market
  • White background taken photo of owners
  • Visa of shareholder – either residence or tourist visa
  • Minimum qualification of Bachelor’s degree in Human Resource Management
  • Emirati Identification proof
  • Family book and Passport copy of UAE’s sponsor

Process of setting up HR Consultancy

Authorities for beginning a HR service company in Dubai, UAE, impose a free and simple procedure. Make sure all the procedures are being followed and every required documents are submitted for the easy approval and possible delays of the application. There are Two kinds of HR agency licenses in Dubai. One is a license for Temporary Recruitment and the other is Brokerage license. Think and choose your required license scheme and focus on applying for the respective license in Dubai. Follow the steps provided for application of Human Resource Consultancy setup license of the United Arab Emirates. Choose your company location – Your recruitment agency can be put on in Mainland or free zone areas of Dubai. Depending on the locality you are selecting to establish your firm, procedures vary a bit. The regulatory body of government, DED – The Department of Economic Development holds responsibility for license issuance for HR consultancy start ups in Dubai Mainland. Whereas special authority of free zone business areas hold free zone HR agency license approvals. Select and Register your business name – Before dropping an application for HR consultancy, choose a proper name as per the rules and regulations by the authority of UAE. Issue every document properly under the chosen business name. Legal System – Form an appropriate legal system for your established consultancy office. Countersign your legal structure with recognized notary. After all these steps are completed in proper format and without errors, HR consultancy license comes without procrastination.

Pros of Dubai’s HR consultant license

Dreaming and establishing a HR consultancy office in Dubai to further provide services to tie up companies of Dubai is advantageous. Many kinds of business, big and small, makes UAE a best market place. Exceptional growth chances, No heavy taxes, Chances of getting numerous clients, simple establishing procedure makes Dubai an attractive place to set up HR Consultant service business.
Company Incorporation Process in DMCC

Company Incorporation Process in DMCC

DMCC is the centre of Global Trade. They are for investors and entrepreneurs who like to expand in the Middle East region. They offer different kinds of licenses for sectors of commodities, diamond, trading activities, gold, steel and precious stones. Looking for company incorporation in DMCC Free zone Dubai ? Blackswan swan can help you in Company registration in DMCC . You can read the step by step process involved in setting up of business & company formation in DMCC.

Dubai is considered as the preferred destination for the global commodities trade, also DMCC is the world's number one free zone.

Type of Licenses Available in DMCC

  • Service License- permits service providers production, transformation, re-production and distribution of services.
  • Industrial License- licensee can import raw materials, manufacture, production, package, and export.
  • General Trading License- AED of 1 million share capital is needed, who like to export, import, distribute, and warehouse goods.
  • Trading License- export, import, consolidate, distribute,warehouse and storage of goods.

Cost Of Licenses in DMCC

Starting prices:

  • Trading & Service License- AED 20, 265
  • Business Center- AED 50, 265
  • General Trading License- AED 50, 265

Documents Required to Setup Business in DMCC

  • Submit the Initial Inquiry with DMCC
  • Set up username and password (portal registration)
  • Upload documents through DMCC portal (application for activity, name, and get CID approval)
  • Verify uploaded documents and for pre-approval
  • Submit original documents and payment of license fees, registration and MoA
  • Verify attested or original documents for company registration
  • Bank Account Opening Letter and issuance of provisional approval
    Licensing
  • Issuance of corporate documents and license
  • Post-licensing requirements

Output

  • Trade License
  • Articles Of Association
  • Certificate Of Registration
  • Share Certificate
  • Memorandum Of Association

Visa Procedure in DMCC Free Zone

  • Application for Entry Permit or Employment Visa
  • Deposit a fund if the portal account is active (visa fees and bank guarantee)
  • The company should initiate the EVEP application online and upload the requirements.

Applicant- share certificate, passport, colored photo, information like religion, mother's name, civil status, father's name, place of birth, contact number, home country address, and educational attainment.

Company- the copy of company trade license.

  • Issuance and approval of EVEP valid for 60 days
  • Applicant's entry in the UAE before the visa expiration
  • Medical exam by an accredited government
  • Submit the requirements for visa processing

Applicant- passport, passport sized colored photos, EVEP (employment visa entry permit), medical report, educational certificate notarized by the notary public, new employment contract form, and emirates ID application form with EIDA stamp.

Company- Original license, share certificate, residence visa stamping, and personnel secondment agreement.

Key Benefits of Company formation In DMCC

  • Can purchase premises
  • Zero foreign exchange controls
  • Complete capital repatriation
  • Complete business ownership
  • Sole shareholders
  • Reasonably priced licensing
  • Corporate bank account setup with ease
  • Their strategic location and close to industries and ports.

How-to-do-Company-Incorporation-Registration-In-Dafza

How to do Company Incorporation / Registration In Dafza

The freezone of Dubai’s Airport was established in the year of 1996. They have a dynamic business hub situated at the heart of global trade.

Benefited from the direct access to the world's most business international airport, Dubai Airport Free Zone has the ideal gateway to the unrivalled connectivity to Europe, Middle East, Far East and to the Indian Subcontinent.

Dubai Airport Free Zone is home to above 1,800 registered businesses from 20+ sectors and industries with 18,000 professionals, benefiting from total ownership, world-class facilities, and the repatriation of earnings.

DAFZ is announced to designate a freezone with the best incentive package to investors. Located near the boundaries of Dubai International Airport, DAFZ has a variety of modern facilities with best class infrastructure and the gateway to connect markets in Europe, Middle East, Africa, and the rest of Asia.

Office space and warehouse is provided to foreign companies as a complete ownership in the tax free environment of Dubai Airport Free Zone.

DAFZ presents opportunities to organizations to set up in Dubai with facilitated procedures and to begin activities within a few days.

Located in the heart of Dubai, DAFZ has the proud position of being a business hub of the Middle East and Gulf. Plus, Dubai’s geographical location gives access to create markets with over 1.5 billion customers to incorporate the member states of Arab nations, Gulf Cooperation Council, Africa, Europe, Asia and Commonwealth of Independent States.

Business Licenses of DAFZA

Investors can have six kinds of business licenses. They are:

Trade License: can conduct trading activities. Export, import, distribution, re-export, and storage of specific products.

Service License: used for service cantered businesses, for example: IT Services.

Industrial License: can carry out industrial and light manufacturing, assembling, and packaging.

E-commerce License: can trade services and goods on the internet.

General Trading License: can trade general items like export, import, storage, re-export, and distribution.

Dual License with DED: permits DAFZA companies to apply for the DED license without any physical office space in the mainland.

For Dual License And Service License: must consult with the registered agent and facilitate the selection of the right category.

Companies In Dubai Airport Freezone

Free Zone Company (FZCO) - has a minimum of one shareholder and the maximum of 50, either as non-individual or individual.

Subsidiary/Branch- A subsidiary office of the existing company where the foreign company set up a branch of its existing company in a free zone.

DAFZA Industrial Park

It has the new industrial freezone in DAFZA. They are strategically located to the DAFZA's existing facilities nearby Dubai International Airport. It has the flexibility to expand and has a world-class infrastructure.

Features Of Industrial Park (DAFZA)

  • Fast operational efficiency
  • Industrial units
  • Flexible units from 312 upto 50% of floor area
  • Model of multi-client warehousing
  • Availability to suit business size
  • Zero operational hassles
  • DAFZA's world class expertise
  • Ideal for warehousing, logistics, and distribution facilities

Light Industrial Units

It has a high quality thermal insulated build units for distribution and storage purposes. They are used for light-duty production and assembly.

Specifications

Visa quota- visas for 20 employee
Area- 350 sqm
Office- has mezzanine and ground floor offices of 90 sqm

DAFZA DUBAI ACTIVITIES

Activities spread in various sectors like:

  • Investment
  • Aircraft and Spacecraft
  • Insurance
  • Legal Services
  • Crude Petrol, natural gas and oil
  • Architectural and engineering activities
  • Technical consultancy
  • Business and management consultancy
  • Travel Agent
  • Shipping, transport, and storage
  • Metal Ores and metals
  • Chemical
  • Building Materials
  • Waste Trading
  • Machines and Equipment

The freezone launched a new daughter zone known as Dubai Commercity, that focuses on e-commerce businesses.

Dropshipping business will be accessible in the near future. This makes trading through DAFZA highly convenient and competitive.

Set Up Cost Of Dubai Airport Free Zone Company

It is not cheaper to form a company in Dubai Airport Free Zone, but we have affordable packages to offer.

The cost-efficient setup can be the company with a smart desk. It costs 34, 655 AED with the license.

Other types of Licenses can cost 15,000 AED for business activs. The DAFZ company set up cost is the same cost as any Dubai freezone company formation.

how-to-get-e-commerce-license-in-dubai-commerce-city-setup-business

How to get E-Commerce License in Dubai Commerce City & Setup Business

Dubai Commerce City Free Zone has been the New eCommerce Centre of UAE. They're the dedicated Free Zone for companies like eCommerce that structures the ecosystem to sustain the growing network in the Middle East and North Africa region. The ongoing and new enterprises have a free zone that has a one-commerce licensing mecca with e-commerce rosters, customized company conformations that results in a touch of a button. They are designed for the operation process and gives the personalized client care. Dubai Commerce City is the perfect spot to start the eCommerce business. The state-of-the-art technology brings the business sector to boom. This in future boosts employment opportunities of the business ecosystem. Nowadays, the business opportunities of the Middle East are on rise. Individuals choosing an eCommerce business setup in Dubai may turn to Dubai Commerce City. Their strategic location plays an essential role to fulfill the business needs. Businesses connect with the audience to deliver good results. The eCommerce sector has been booming and plays the role of accessing everything. Business shifts from offline to online market. This leads to more popularity in the eCommerce sector. Dubai’s e-commerce sector grows due to a huge success in the eCommerce sector. Online sectors can target the maximum number of people through it. As per the reports, the eCommerce sector is around 1 billion. So, starting an online business can give you huge opportunities.

E-commerce License

You have to follow rules to get an eCommerce license in Dubai. Contact our professionals to get an eCommerce license easily. Dubai's law is quite strict. Hence, the authorities will never allow a business to start if the paperwork isn’t done. The Department of Economic Development can provide e-commerce licenses in Dubai. It is essential to get a license before starting any businesses in Dubai. They play an essential role to conduct the business legally. If you like to start your online business and have no other better place than Commerce city, it is valid to set up your business there.

Reasons To Set Up Your E-commerce Business In Dubai

  • Easy and quick company registration
  • Best centralized CRM solution for a good customer experience
  • Tools for e-commerce business management can be available
  • Business support services availability
  • E-commerce platforms can integrate with different business solutions.

Types Of Dubai’s e-Commerce Licenses

Authorities of Dubai provide licenses for e-commerce business functioning. You have the flexibility to get your license based on your nationality and business activity.

Portal License

Non-UAE nationals may apply to obtain a portal license. You can start a business in the UAE to link sellers and buyers. Research the pricing before applying for a portal license. The price of a portal license may differ based on the business needs.

E-trader license

As per the portal license, businesses selling their products online can apply for an e-trader license. DED issues for the e-trader license. It is obtained through GCC and UAE nationals. You get an e-trader license if you have the ownership. E-trader license cannot help with physical shop requirements.

Virtual Company License

Dubai’s economy launches a virtual company license program for promoting businesses. This is mandatory for overseas investors and foreign residents. Foreign residents can participate in commercial activities for online business. Sectors which can do businesses with a virtual company license are designing, computer programming and advertising. Clusters that determines the success of online businesses are:
  • Logistics - They have 105 warehouses made with latest technologies
  • Business - can promote constant engagement to business sectors
  • Social- It determines the success of business in Dubai.
  • Commerce City- has components that have exhibition halls, art galleries and restaurants.
Obtaining an eCommerce license is easy through the process. You have to apply to the authorities with needed documents. Authorities can take upto one week for a license. After the license, you can conduct the business in Dubai.
  • Legal structure for business in Dubai Commerce City like limited liability and branch office
  • License application at the DED or Dubai’s Commerce City
  • Choose an appropriate trading name
  • Submit the license application and fees
  • Authority must get an initial approval certification
  • Draft of MOA and local service agent agreement
  • Wait for approval
  • Open the bank account for transactions
Blackswan can help you in getting eCommerce license and setup your business in Dubai, UAE, Fillup the form below to request a quote or Call us
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