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Categories Business Setup, Real Estate, uae

Process to become a Real Estate Agent in Dubai

In the last year, UAE's real estate market has come back stronger than ever. Lots of people want to get into Dubai's real estate business because of the city's ultramodern skyscrapers, amazing engineering feats, and busy nightlife. Do you know how to talk to people? When you close a deal, do you feel a rush of happiness? Then you should consider becoming a real estate agent. Find out how to become a real estate agent in Dubai by reading on.

Why Become a Real Estate Agent in Dubai?

People want to become real estate agents, brokers, or realtors in the UAE for a number of reasons. First of all, you will be working with property, which is the most expensive asset on the market. If you know how to sell and negotiate well and are willing to work hard to build a good reputation, you can make a good amount of commission on top of your basic salary.

People choose to be real estate agents for two reasons. The first is that it's a good way to make money. It's an interesting job that gives you great chances to meet a wide range of clients from different backgrounds.

It's not easy to become one of Dubai's well-known real estate agents. Since it's a competitive field, you'll have to work hard, talk to your customers often, and learn to figure out what they want.

Some brokerage firms hire real estate agents on a commission-only basis as independent contractors. While others have a basic salary plus commission. But no matter what, commissions are where most of an agent's money comes from.

If you want to know how to become a real estate agent in Dubai, there are many steps you need to take. And it takes years of building a strong portfolio to become a successful agent. Training modules put on by the Dubai Real Estate Institute are the first step in becoming a real estate agent (DREI).

How to Become a Real Estate Agent in Dubai?

Here is a step-by-step list of what you need to do to become a real estate agent in Dubai:

Step 1: Obtain a Residency Visa (For Foreigners)

To become a real estate agent, the first thing you have to do is get a residency visa.

Anyone from the UAE or the GCC can sign up for the licencing process. To apply for a job as a real estate agent in Dubai, an expat must have a valid residency permit. You can get a work visa from your employer or a residency visa if your spouse works in Dubai and pays for it. For the same things, you will also need an Emirates ID.

Step 2: Apply for DREI Certified Training

Once your residency visa is ready, you should sign up for training with the Dubai Real Estate Institute (DREI). Certified Training for Real Estate Brokers is a four-day course that aims to teach people what they need to know about the city's real estate business.

The Dubai Land Department's regulatory arm, the Real Estate Regulatory Agency (RERA), has approved this course (DLD). Some of the topics covered in this course's different modules are:

  • History and Development
  • The Business of a Broker
  • Concepts, Definitions, and Market Players
  • Sales Processes and Agreements
  • Leasing Process and Rental Agreements
  • Code of Ethics
  • Introduction to Owner’s Associations
  • Legal Module
  • Essential Skills

You can take classes online or at the RERA agent registration training centre at DLD. 

Step 3: Attend the RERA Exam

After your four days of training, you must take a written RERA registration exam. If you have a bachelor's degree, the exam fee is 3200 AED. If you don't have a degree, the fee is 6300 AED. The test is easy if you've really studied what you learned in the certification course.

From the above, it's clear that you don't need a bachelor's degree to become a real estate agent. But having a degree will help your career in the long run, that's a given.

Step 4: Obtain Realtor License

As a real estate agent in Dubai, you will be able to get a license once you pass your exam. Getting a certificate of good conduct is another thing you need to do to get a license as a real estate agent.

Once you have done all of these things, the Economic Department will give you a license and a card to work as a real estate agent. After you send in all the required documents, you will get all of your credentials in one or two days.

It's important to renew your realtor's license a month before it expires to avoid getting fined by the organisation that gave you the license.

How to Renew Your Realtor’s License in Dubai

To get your real estate license renewed, you must take the RERA agent registration exam again and get a score of at least 85%. Once you pass your test, you can finish the rest of the steps to renew your license.

If you don't renew your real estate license by the due date, your license could be taken away or you might have to take the training course again.

For the renewal process, the following papers are needed:

  • Copy of valid passport with the residence permit
  • Personal photo
  • Certificate of qualification

If you want to become a real estate agent, broker, or realtor in Dubai, you need to take these steps. In short, you need to get a residency visa, apply for training that is approved by the DREI, and take the RERA exam. After that, if you pass the test, you can get a license to be a real estate agent.

Business setup consultants in Dubai and the United Arab Emirates, like Black Swan, help with company registration in Dubai. We can show you how to set up a new business in Dubai the right way. Contact us if you have any questions, and sign up to be a real estate agent now!

Tags : Real Estate Business Setup Dubai, How Start Real Estate Business Dubai UAE, How Get Real Estate License Start Real Estate business, Make Top Virtual Destination Investing Dubai Real Estate , Steps to Start Real Estate Agency in Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation

 

Categories 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
Categories 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:
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. When it comes to branches, accounts can be kept together or separately. However, subsidiaries keep their own separate accounts.
  6. 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.
  7. 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.
  8. 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
Categories 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.
Or
  • A Scopus H-index grade > 20.
Or
  • 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
Categories Business License, Business Setup, company, company formation, uae

How to Get Permanent Residency in the UAE

The United Arab Emirates is one of the best places in the world to set up a business or move to. What's so great about living in the UAE? Its tax-free status, high quality of life, great opportunities for business growth on both the Mainland and in the dozens of Free Zones, and, of course, its stable economy and government are among its main benefits.

UAE Permanent Residency Visa

Before we talk about permanent residency in the UAE, we need to quickly go over the other ways to live there. In contrast to a tourist visa, a standard residence visas lets you stay in the country for two years and can be renewed as many times as you want. You can also get a visa for people in your immediate family and children under the age of 18. In order to keep your resident visa valid, you must visit the UAE at least once every six months. If you don't, your visa status could be taken away. You can get a standard resident visa in the UAE if any of these things happen:
  • Purchasing real estate: You can get a two-year UAE residence visa if you buy a home worth at least one million Dirhams in Dubai or any other Emirate.
  • Entering an employment contract: If you want to work for a UAE-based company or the Emirati government, you will need a work visa.Your employer must take care of all the paperwork needed to sponsor your visa. It will take you an average of two to three weeks to get your first work entry permit, which is good for two months. Then, you would change the entry permit into a residence visa that is good for either two or three years, depending on where it was issued.
  • Incorporating your own company in the UAE: As an investor or shareholder, this is the fastest and most convenient way to get a visa to live in the UAE. The process takes only a few weeks and doesn't cost much. As long as it meets the Economic Substance Regulations, the business structure can be just formal. Investors or shareholders can get visas that are good for three years.
  • Studying in the UAE: If you want to go to school in the Emirates, you can get a student visa.
  • As a family member of a UAE resident or national: You can also get a visa to live in the UAE this way.
All of these visas must be renewed after a certain amount of time or they could be taken away. But what if you didn't want to deal with having your visa tied to your employer or you wanted to stay in the Emirates for a long time?

How to get Permanent Residency in the UAE

In 2019, the UAE started a new system for long-term visas that allow people to live in the country without a local sponsor and have full foreign ownership in a company on the Mainland. This part about foreign ownership is important because most companies on the Mainland need an Emirati national to own at least 51% of an entity. There are rules about who can get these visas, and you can choose between five-year and ten-year long-term visas. If this sounds like something you've heard before, it's because these visas were first called "Golden Visa". So, what kinds of people can get these golden visas? Look at this more closely.

UAE Ten Year Permanent Residence Rules

If you want to live in the UAE for ten years, you must meet one of the following two sets of rules:

Investors

If you want to be an investor, you have to put in at least 10 million AED, which is about £2.5 million. You also have to make sure you have at least that much money, not invest the money as a loan, and keep it for at least three years.

People with Specialised Talents

The other choice is to qualify as a person with a special skill. They can be inventors with patents that help the Emirati economy, as long as they have the right stamp from the Ministry of Economy. They can also be creatives in culture and the arts, scientists and doctors from top research institutions, as long as they have praise from influential journals or official recognition from government ministries and experts. These people must have a job contract in the UAE in an industry that is high on the country's list of priorities.

UAE Five Year Permanent Residence Rules

Don't worry if you don't meet the requirements for a 10-year long-term visa. You have options for the next five years. Who can get the benefits of living in the UAE for five years? Here you go:

Property Investors

You can get a five-year visa if you put at least 5 million AED into a property in the UAE. For the visa, you must meet the following requirements:
  • You have to keep the property for a minimum of three years.
  • You can't take out a loan to pay for the property.

Entrepreneurs

If you have a project that has been approved by a business incubator in the UAE or an idea that is already in place and has at least 500,000 AED in capital. The long-term visa for business owners has the following:
  • Three executives
  • A partner
  • Spouse and children
Entrepreneurs can also apply for a six-month visa that lets them come and go multiple times and can be renewed for another six months.

Outstanding Students

You can be considered an outstanding student in high school or college if you meet these requirements:
  • If you are in high school at a public or private school and have a grade point average of at least 95%.
  • If you have a cumulative Grade Point Average of 3.75 (on a scale of 4.0) when you graduate from college, either in the UAE or somewhere else.
  • Families of students with outstanding records can also get visas.

Do you have more questions about the UAE permanent residence visa?

Our Citizenship, Residency and Relocation team at Europe Emirates Group is here to help if you want to get a UAE Gold Card long-term residence visa quickly and easily. We can help you get all the paperwork you need, find your dream home, and even have a bottle of champagne waiting for you in the fridge when you turn the key. Please don't be afraid to get in touch with us if you have more questions about getting residency status or other questions about starting a business. Tags : UAE Residence Visa, UAE Work Visa, UAE Family Visa, UAE Student Visa, Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Categories Business, Business Setup, company, dubai, uae

Starting a Manufacturing Business in the UAE

As the Middle East's area that is growing the fastest, the UAE is a great place for a manufacturing business to grow because it has a great environment and all the help it needs. To do business in the UAE, you need an industrial licence for any business that involves making or making goods. Also, designated zones and industrial areas work well to meet manufacturers' needs.

What is industrial production?

Industrial production is the process of changing goods from one state to another, either by hand or by machine. Materials like raw materials and natural resources could be changed to make the final product. Goods are made, sorted, stored, and packed in a factory. Some of the most important things that the UAE manufacturing sector makes are:
  • Textile and ceramic products
  • Construction material
  • Petroleum products
  • Automobile and spare parts
  • Packaging material
  • Metal and metal components
  • Foodstuff production
  • Plastic and polymers
  • Chemical products
  • Medicine and healthcare equipment
  • Electronic equipment and appliances

Process of obtaining an industrial licence in UAE

Prepare the required documents:

  • Your business plan
  • Fill-in the detailed application form
  • The layout of your production plant
  • Process flow chart
  • A list of your equipment and machinery
  • A copy of your passport and visa/entry stamp

Follow the step-by-step process:

  • Unlike in the past, you don't have to show proof of funds or put down money to start.
  • Send your documents to be looked over and licenced.
  • Lease a warehouse suitable for your operations
  • Hire at least 10 people
READ MORE  https://bss.blackswanbss.com/industrial-license-in-dubai/

Manufacturing company set-up cost IN UAE

Getting a licence and paying for company registration, administration, and immigration costs would cost about AED 18,000, but the cost of renting a warehouse would depend on its size, power, and location, among other things. You should also think about the extra space you'll need to store your goods, the cost of getting visas for your employees, and where they'll stay.

Top industrial areas in the UAE

The UAE's industrial areas have the tools and people to help your business run and find workers. Some of the best places to go in Ras Al Khaimah (RAK industrial areas) are:

Al Ghail

Al Ghail Industrial Zone is good for big, heavy businesses. It has land plots of at least 5,000 m2 that you can build on for your facility. There are also places for staff and workers to stay right there in the area. Here, you can start a free zone company or a non-free zone company and get visas for your investors and employees.

Al Hamra

Al Hamra Industrial Zone has warehouses that range in size from 150 m2 to 10,000 m2. It serves both light and heavy industries. You can also set up a free zone or a non-free zone business in this area and get visas for investors and employees. There are also places for workers to live, offices, and land for building.

Al Hulaila

Al Hulaila Industrial Zone is a great place for people who make heavy industrial goods. One of the best things about setting up your free zone business here is that it is close to Saqr Port, which is the largest bulk logistics hub in the region and gives you access to leading business centers. The area has land, warehouses, places for staff to live, and offices.

Planning to setup Manufacturing company in RAKEZ ?

Setting up a manufacturing business in Ras Al Khaimah Economic Zone (RAKEZ) is simple and beneficial in many ways. One of the best things about putting up your factory in RAKEZ is that you won't have to pay customs duties on the machinery and equipment you bring in. To help your business even more, you might not have to pay import duties on spare parts, raw materials, materials in the middle of being made, and packaging materials. Here is how you can get started:

Obtain an industrial licence

Black Swan will look over your documents and give you your one-year business license. When you are approved, you will also be given the options for leasing.

Get necessary approvals

Once the licence is given to you, you have to apply for approvals from outside and local federal authorities, such as the Ras Al Khaimah Environment Protection and Development Authority (RAK EPDA), the RAK Municipality, and the Department of Civil Defence. You also need approvals from the Health, Safety, and Environment (HSE) and Technical Support Service (TSS), which show that your warehouse meets ISO standards and make sure that no illegal or prohibited activities will happen on your property. Tags : Industrial Licence in Dubai, Start a Manufacturing Business in Dubai, Business in Ras Al Khaimah Economic Zone, Setup Manufacturing Unit in Dubai, Business Setup Service in RAK, RAK Mainland Company Formation, RAK Freezone Business Setup, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai
Categories Business, Business Setup, company formation, dubai, uae

Starting a Security Agency or Company in Dubai, UAE

When we hear the word "security" these days, we often think of cyber. But physical security is still just as important as ever because people, homes, and valuables all need to be kept safe. It is also a big business here in Dubai. In the last few years, the security business in the Middle East has been doing very well. Governments in the area have made a lot of progress to protect their people, businesses, and property. So much so that analysts at Frost & Sullivan think the commercial security market in the Middle East as a whole is worth about USD 10 billion. This includes a lot of different products, services, and subsectors, such as CCTV surveillance, alarms, and ID systems. On top of that, a region with a lot of expos, events, and high-profile gatherings needs more and more security guards to protect VIPs and key sites and premises. With everything put together, now is a great time to start a security business in the UAE. With the right help, it only takes a few easy steps.

Steps to start a security company in the UAE

If you want to start a security company in the UAE, the first thing you should do is talk to experts in the area, like those at Black Swan. After a short meeting to find out what your business needs, we can walk you through the four steps below.
Registering the name of your business
First of all, we'll help you decide on and register a name for your new business. In the UAE, there are certain rules you must follow when choosing a business name. You will need to stay away from words that could be seen as hurtful or disrespectful to God. You should also make sure that the name you choose is not the same as that of another business or organisation. Your name must also be free to register. Because of this, it's a good idea to suggest a few names in case the one you want is already taken. Once you have decided, we will send in your trade name registration for you.
Get a licence to run a business
You can now apply for your UAE trade licence since you have chosen and registered your name. Whether you are setting up on the main island or in a free zone will change how you do things here. The Department of Economic Development or a similar group gives out Mainland licences. The people in charge of a free zone give out licences. In either case, your Black Swan contact will handle the process for you to make sure your application goes quickly and smoothly.
Finish the visa paperwork
A residency visa is needed for anyone who wants to live or work in the UAE. Even though the process is a little more complicated than applying for a license, it is still quick and easy with the right help. You will have to take a medical and fitness test, a chest X-ray, and a blood test as part of this process. If you have a UAE visa, you can also pay for visas for your children, spouse, parents, and household staff.
Open a bank account
Lastly, you will need a UAE corporate bank account so you can start sending and receiving payments. Even though the process isn't always quick and easy for people who aren't from the GCC, the staff at Black Swan can help lighten the load. Once we know what you need, we'll put you in touch with the banks that are most likely to be able to help you.

How to get a security licence from SIRA

In order to get a security licence, all private security guards must go through SIRA training. Before you can do this, you must first sign up on the SIRA website. Then, you should go to the SIRA Cadre Training Centre to turn in the necessary paperwork. Once you're registered, you have to take the SIRA training course. It will give you an overview of best security practises, help you reduce risk, protect your clients and their things, and make sure you follow all the rules.

SIRA training needs certain papers

Before starting the SIRA training course, you will need to send in the following documents:
  • Application form
  • Color passport photos
  • Copy of your passport
  • Copy of your Emirates ID
  • Copy of your residency visa
  • Medical fitness certificate

SIRA training fees in Dubai

When getting SIRA training, you can choose from courses like manager and supervisor training, first aid training, and security awareness training. Fees range from AED 210 to AED 5,000, depending on the course you want to take.

Cost of starting a business in Dubai

In Dubai, it costs at least AED 14,000 to start a security business. But there are also many other fees on top of this. In addition to your licence fee, you will also have to pay for visas, staff, and any other permits you need to trade. Contact the team at Black Swan to get a full and personalised breakdown of the costs.

How Blackswan can help

Black Swan is one of the biggest and most trusted business setup advisory firms in the UAE. They can help you with every step of forming a company. With our simple but ground-breaking model, our team of registration experts has helped 1000’s people start and grow their businesses in this country. We are here to help you with everything you need for setting up a business in Dubai. We can help you get licences and visas, and we also have a number of other business services that can help you and your business even after you've opened. We also have flexible payment plans and custom packages to keep costs down. So, if you want to start a security business in the UAE, contact us to learn more. Tags : Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Categories Business, Business License, dubai, License, uae

Process to Start a Cryptocurrency Business in Dubai, UAE

Many new entrepreneurs, foreign investors, and new businessmen are looking for different ways to make more money. The cryptocurrency business is a new, modern way to do this that is better than the others. People all over the world are paying attention to it because it keeps growing at a very fast rate. In the near future, the modern digital currency, or money, will probably become more well-known and useful for business transactions. Setting up a crypto business in Dubai, UAE, is therefore a good idea. With several free zones that let businesses manage crypto assets, trade bitcoin and other cryptocurrencies, and do other related things, the Emirates have become more mainstream. With a cryptocurrency business licence, companies and organisations can manage and trade their digital money. In the United Arab Emirates, you can get this licence from:

What is Cryptocurrency?

The popularity of digital currencies is growing rapidly in the United Arab Emirates, creating a wealth of new and interesting business prospects in the fields of cryptocurrency exchanges, holding, and trading. One of the most popular discussions among aspiring business owners and investors is how to launch a bitcoin enterprise in Dubai, United Arab Emirates. Digital currencies, sometimes known as cryptocurrencies, are cryptographic tokens based on the widely publicised blockchain technology. When it comes to the value of cryptocurrencies, there is no one entity in charge of doing so. Instead, cryptocurrency is disseminated electronically among its users. Dogecoin, Bitcoin, and Ethereum are just a few examples of well-known cryptocurrencies that can be purchased and used right now. Cryptocurrencies are available for buying or mining on many decentralised exchanges. Despite cryptocurrency's outward appearance as an asset class, investing in it involves significant dangers. To fully grasp how the Bitcoin system works, you need have done adequate research. One would reasonably wonder, given the inherent dangers, how they have become such a popular trading method. The exponential growth of cryptocurrency prices is largely responsible for their widespread adoption. To a lesser extent, holders and traders of cryptocurrencies also utilise them for international money transfers.

Requirements for Getting Cryptocurrency License in Dubai, UAE

The UAE government has instituted a few prerequisites for applying for a cryptocurrency licence in the Emirates, and these prerequisites are in place for regulatory purposes. The following are the necessities for getting a cryptocurrency licence in the UAE:
  • Obtain a commercial licence application from the DED
  • Then, submit passport copies for any business associates.
  • Your cryptocurrency wallet's transaction history should be spotless, with no indication of any fraudulent activity.
  • After that, have a plan in place to show how much money the business has and how much it costs to run for the next six months.
  • To legally hold any cryptocurrency in the United Arab Emirates, you must register your holdings with a "UAE financial free zone" department approved by the country's government.
  • Submitting your complete business plan to the appropriate government agency is the final step.

How to Set Up a Crypto Business in Dubai

Follow the steps below and you'll be well on your way to launching a successful crypto business in Dubai, where there are many crypto aficionados and modern investors.
  1. Choose a name for your business.
  2. Choose the economic zone you want.
  3. Register for a cryptocurrency licence by filling out an application.
  4. Follow all the rules and regulations

Choosing a Company Name

The first step is to choose a name for your business that doesn't include any well-known brands or swear words. The name of your business needs to be simple and easy to remember. Also, if you want someone's name to be your business's trademark, it should be that person's real name. There can't be any nicknames.

Selecting a Preferred Jurisdiction

Next, you have to decide whether your crypto business will run in a UAE free zone or on the mainland. Both jurisdictions have their own advantages and disadvantages. One of the best things about free zones is that you can use any currency you want. You can also use the gain and income repatriation to your advantage. On the other hand, if you set up your business on the mainland, you can easily travel to all of the Emirates' states.

Register for a Cryptocurrency License

After thinking about the above, you should be ready to sign up for a cryptocurrency licence in Dubai, UAE. You can also send this application straight to the appropriate government department. But it can be hard for an expatriate to take care of everything on their own. Because of this, the crypto business experts at the Riz and Mona Business Consultancy are a good choice to work with.

Follow All the Compliance Regulations

In Dubai, both traditional financial trades and Bitcoin trades are supervised in the exact same way. Because of this, you should have the right licence and follow all the rules against money laundering. If you aren't careful at this step, it could hurt your business.

Steps for Getting a cryptocurrency license in Dubai

  • You can download and fill out an application form for a cryptocurrency licence from the government agency in Dubai where you want to set up your business.
  • Put the name and name of each shareholder in your company on the form and send it in.
  • Give all of the required documents to the government agency where you are setting up your business.
  • Pay the application fees to the government agency that is in charge of giving you a licence to deal in cryptocurrency.
  • If the application form and the company's official legal documents are all in order, the authorities will give you a cryptocurrency business licence within a week.

Incorporate Crypto trading company in Dubai

Where to Get the Cryptocurrency License in Dubai

You should get a cryptocurrency licence in the UAE before starting a cryptocurrency business in Dubai. At the moment, three of the free zones across the country are giving out licences for cryptocurrency.
  • Abu Dhabi Global Market (ADGM)
  • Dubai Airport Free Zone (DAFZA)
  • Dubai Multi-Commodities Center (DMCC)
Blackswan Business Setup can help you in getting Cryptocurrency License in UAE, Just fill up the form below for a free consultation to know about Cryptocurrency License in Dubai.

Cryptocurrency License in Dubai Multi-Commodities Centre (DMCC)

The DMCC is very open to the idea of adding and introducing cryptocurrency. They give licences to new business owners and entrepreneurs in Dubai who want to use cryptocurrency. People from all over the world come to DMCC in the Emirates to get a licence to trade in cryptocurrency. With a DMCC cryptocurrency licence in Dubai, you can do business activities like providing services related to cryptocurrencies, trading, storing cryptocurrencies, managing them, making apps and software related to cryptocurrencies, and much more. With a cryptocurrency licence in the city, you can also offer consulting and other services. DMCC has opened a new centre for cryptocurrency and wants it to be the hub for all blockchain-related activities in Dubai. Dubai is already known as the most technologically advanced city in the world, and the addition of new technologies like blockchain and crypto-only made its position even stronger. The DMCC cryptocurrency licence is a very

Cryptocurrency License in Dubai Airport Free Zone Authority (DAFZA)

Dubai Airport Free Zone Authority is what DAFZA stands for. This is another free DMCC in Dubai that accepted cryptocurrencies without any trouble. They made a deal with the ESCA (The UAE Securities and Commodities Authority) that helped them help new businesspeople and entrepreneurs who wanted to do great things with crypto for their businesses. By giving cryptocurrency licences to businesses in Dubai, they made it possible for them to do business. By getting a cryptocurrency licence from the DAFZA, companies can use crypto assets for different business activities. Also, they can help foreign investors from all over the world who come to Dubai to do business. The DAFZA has a strong regulatory framework that makes it easy for companies to do business within its borders. They are moving forward with their plan to make digital currencies like Dogecoin, Bitcoin, Ethereum, etc. grow and be used more.

Cryptocurrency Licence from Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market lets crypto assets that are regulated by the Financial Services Regulatory Authority (FSRA) work (ADGM). FSRA is the regulatory body that handles all cryptocurrency-related assets in the Emirates. At the moment, it is the only legal government body in the UAE with a large framework for regulating crypto licences. ADGM and FRSA have put out a guide for how cryptocurrency licences can be used in the country, which will help both small and large businesses in the Emirates. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation, Get Cryptocurrency License in Dubai, Get Cryptocurrency Trading License in Dubai
Categories Business, Business Setup, company, dubai, uae

How to Setup Film & Media Production Company in Dubai

The United Arab Emirates (UAE) is a popular place for doing business. What's less well known is that the country is also becoming an increasingly popular place to make movies. In the UAE, the film and production industry has been growing over the past few years. This growth is because the government offers a lot of help and does things that are good for business. With the help of these programmes, the number of film companies in the Emirates is growing very quickly. In cities like Dubai and Abu Dhabi, you can easily start your own film production company and make a lot of money doing it. This is because there are a lot of historical buildings, state-of-the-art infrastructure, and beautiful places to shoot. When you work with a specialist in starting a business, you can be up and running in a few days. Here's what you need to know to get started in the UAE, whether you want to move an existing business there or make your first attempt at making a movie.

Steps to start a film & media production company in the UAE

In the UAE, the first steps for starting a film production company are the same as for starting any other kind of business. First, you'll have to decide if you want to run your business from the mainland or in a UAE free zone. Both have a lot going for them. Free zones like Fujairah Creative City offer benefits like a quick and easy way to start a business, ongoing business support, and financial incentives like not having to pay taxes and using any currency. A UAE film production company may also be easier to start up in a free zone than on the Dubai mainland, but more on that later. On the other hand, businesses on the mainland can trade directly with the UAE market and get contracts from the government. The right setup for you will depend on what kind of business you have. An expert in starting a business can help you make this choice by telling you which option is best for your needs. Before you apply for a licence, you'll also need to choose a name for your business. At this point, there are a few important things to remember, many of which would not be true anywhere else in the world. You can approach Business Setup Companies in Dubai for all incorporation process.

Setting up film production in Dubai Mainland

If you want to start a business in dubai mainland, you need to get permission from different authorities and turn in all the necessary paperwork. After the company has done everything right, the government will give it a film production licence. The film shooting process is an important part of making movies in Dubai. DFTC is the only authority in Dubai that can do this (Dubai Film and TV Commission). All of the relevant government departments and location owners work closely with DFTC. It works with the Dubai Municipality, the Dubai Police, the GDFRA-Dubai, and the RTA (Roads and Transport Authority) to find a good place to shoot a movie. This makes things easier because the company will only have to talk to DFTC, which will do all the hard work. This permit is needed to make both sound and pictures for a film. It is needed whether you want to make a movie inside or outside. You can ask permission to go on government-run, public, or private land. UAE-licensed production company is one of the most important requirements for getting a shooting permit. You also have to pay a permit fee to get a shooting permit. It has fees for both processing the application and finding a place. For public and private locations, the location fee may be different.

Starting film & media production in Free Zones

In Dubai, a lot of free zones are up and running. Most of these free zones in Dubai are only for certain kinds of businesses. Dubai Media City (DMC), Dubai Production City (DPC), and Dubai Studio City are the best places to set up a film production in a free zone (DSC). All of these free zones give companies that make movies special incentives and places to work. Your film production company can be set up in these free zones just like any other business. You need to go to the office of a relevant department and hand in all the necessary paperwork and pay the fees. DFTC is also in charge of giving shooting permits to companies in free zones. This permit is needed to make both sound and pictures for a film. It is needed whether you want to make a movie inside or outside. You can ask permission to go on government-run, public, or private land. A licensed film/media production company from the UAE is one of the most important requirements for getting a shooting permit. You also have to pay a permit fee to get a shooting permit. It has fees for both processing the application and finding a place. For public and private locations, the location fee may be different.

Get Started

Balck Swan Business Setup can help you in completing the registration and licensing process of film & media production in Dubai at an affordable cost & at aS quickly as possible. Call us today or fillup the form below to get started with Film & Media Production Company incorporation in Dubai Mainland or Freezone. Tags : Professional License Dubai, Business Incorporation Dubai, Business Setup Dubai, Company Formation Dubai, Company Registration Dubai, Dubai Freezone Company Formation, Dubai Mainland Company Formation
Features of Dubai Silicon Oasis Company
Categories company, company formation, dubai, uae

Features of Dubai Silicon Oasis Company

Dubai’s government formed this exclusive Free Zone in 2004. It has been scaling up since then. DSOA (Dubai Silicon Oasis Authority) is an organization to monitor business activities and to issue licenses. It has a constant focus to develop and expand the zone. DSOA introduces the investor-centric improvements. Incentives and extra advantages are offered by jurisdiction that has the fortifying factor in several expat entrepreneurs. Silicon Park is the first smart city of Dubai, which is located in the Dubai Silicon Oasis. Spaces and best facilities are provided in the IT firms that aids the company to perform and flourish well. Silicon Park is located in the Central Square. The custom-designed buildings give a premium appeal to the companies. Any resident business person or expat can rent the space to establish a main office or headquarters in this enclave. The serviced office space helps businesses to start operations from its first day. Main facilities in Dubai Silicon Oasis Free Zone are:
  • Workstations for IT firms
  • Office spaces
  • Spaces for light industrial activities
The technical hub, office and industrial space are managed by DSOA. The policies and regulations are laid down by the authority that extends optimal growth to businesses in the DSO Free Zone. Types of company available to incorporate in DSO Free Zone: Dubai Silicon Oasis Free Zone authority permits to form various types of companies in the domain. The company setup chosen depends on the viability and development plans.
  • FZE (Free Zone Establishment)- The FZE is set up by an entity or a single shareholder. They don't require more resident partners or expat to incorporate a Free Zone Establishment in DSO.
  • FZC (Free Zone Company)- These companies are formed with two individuals or with the partnership of two, to form a business setup in the free zone.
  • Branch Office- The company with a parent organization is located in the UAE or foreign country to start a branch in DSO Free Zone. The business activities of a branch must be similar to the main organization.

Operating Licenses Of DSO

The companies in DSO should get relevant licenses from its authority. The companies and businesses which are established in the mainland with the license from DED should get an operation permit to function in the DSO.

Types Of Licenses

  • Service License- Entrepreneurs who plan for the service business setup in DSO, should get a service license.
  • Industrial License- There are light industrial spaces in DSO. Companies aiming to assemble and manufacture must require an industrial license in Dubai. It's the basis to import raw components and materials, distribution, packaging of products and exports.
  • Trading License- It includes export, import, warehousing, distribution and re-export that requires a trading license by the business firm from DSO.

Benefits Of Company Formation In DSO

  • Complete ownership of the company
  • No taxes
  • Complete repatriation of profits and capital
  • Exemption from taxes and customs duty
  • Quick business setup
  • State of the art infrastructure
  • Optimal growth prospects in thriving market
  • Low operational costs and Establishment

Documents Needed For DSO Free Zone Company Setup

  • Residency visa page
  • Copy of shareholders' passport
  • NOC from current employer
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