Dubai Business Centers

Izrar Ulhaq

I am a corporate consultant with years of advanced experience leveraging business consulting skills with legal insight to drive business growth, protect assets and Intellectual Property, assure legal compliance and minimize risk. I am currently working as a business consultant with Shams consultant, advising entrepreneurs, startup companies and foreign firm on business setup in dubai, LLC Dubai, regulatory affairs, legal compliance, legal structuring and re-structuring of entities in United Arab Emirates Mainland, Free Zones and, Offshore jurisdictions.
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Pharmacy license in Dubai

Pharmacy license in Dubai

Dubai is a magical incorporation of beauty and technology. Apart from tourism the country supplies great potential to increase all kinds of businesses and healthcare. In current years, the industry of healthcare in Dubai has developed largely. And, the country is welcoming expat investors to set up a Pharmacy license in Dubai. So, if you are hopeful to start a business in Dubai, Shams consultant is available to lead you in the best way for How to start a pharmacy business in Dubai. Let’s start with understanding the procedure of How to open a pharmacy in Dubai.

How to start a pharmacy business in Dubai

A health facility in Dubai comes under the Ministry of Health regulations authority, which are responsible to issue the licenses and all other registration books and control prescription medication pads for pharmacists. In order to acquire a license from the Ministry of Health; pharmacies owners must apply first for an authorization letter to the Health Regulation Department. Through Law No. 13 Dubai Health Authority was enabled in 2007 and it is the main health authority in Dubai. The Health Authority is helping health care funds for expat investors in Dubai; and also provides a very complete regulatory system for those who are interesting in establishing pharmacies; or other types of health facilities in the Emirate.

How to open a pharmacy in Dubai

As for most of the business setup in Dubai, the location (point) is significant. Also take care of the minimum size required by health surveillance, facilities, etc. the location of a pharmacy should be in a good flow point Vehicles, parking; suitable area and there must be very low competition.

The higher population density in the region, the better location to starting a pharmacy; and you must know exactly how to open a pharmacy in Dubai. Since all businesses has a similar basic structure; so there is some similarity in the procedure as well.

Thus, it is important to estimate carefully the basic criteria before choosing the location to start the pharmacy. With the vision of reducing business risks by bring investment to a halt; the best option is to rent out a shop and not purchase it. To confirm that a pharmacy can be set up in the chosen place; it is more important to check with your Consultant; all the criteria of opening such type of business.

If you are searching for How to open a pharmacy in Dubai there are a number of administrative procedures; you need to obey these procedures. The process How to open a pharmacy in Dubai involves two steps:

  1. Obtaining a pharmacy license in Dubai
  2. Registration and issuing of pharmacy license in Dubai

Obtaining pharmacy license in Dubai

According to Federal Law no.4 in 1993; you or your company require to get a license from DHA before starting the selling or manufacturing of pharmaceutical products in UAE. Such license is legal for the gov’t, semi gov’t and other private facilities of health. Secondly, your pharmacy must include only pharmacies which are community based.

Registration and issuing Pharmacy License in Dubai

The process of registration involves two steps, the initial and final approvals. Additionally for the licenses, the pharmacy has a requirement to undergo for an inspection by the Drug Control Department.

Initial approval for Pharmacy License in Dubai

  • The application is required to submit to the Health Regulation Department (HRD).
  • As you well use the premises of pharmacy setup for commercial purposes; so you need to take approval from Dubai Municipality.
  • The HRD will review the documents submitted by you for suitability; and an initial approval letter will be issued for your pharmacy.
  • The above mention process will take 10 working days.

Once you get an initial approval after that; you need to show this approval letter to start the process to get Pharmacy License in Dubai. Being an expat investor you will need a local sponsor to start a pharmacy business in Dubai.

Final approval for Pharmacy License in Dubai

  • Put a request online through one of the experience business startup consultants like us; which will also help you to make the require payment.
  • Then, HRD will carry out an onsite assessment.
  • If you met the DHA requirements; you will receive the DHA pharmacy license in Dubai.
  • Such process will take further 20 working days.

This license will be valid for 1 year. It includes your DED license number; also name and address of the pharmacy and its period of validity.

Documents requires for How to open a pharmacy in Dubai

If you are interesting to open a pharmacy in Dubai you are require to prepare the following documents.

  • Application form duly filled.
  • Preliminary approval along with tenancy contract for pharmacy premises
  • Take Blue print of location with trained architectural planning
  • You must hold copy of passport, pharmaceutical license as well as location map
  • list of all employees and all other concern certificates in your pharmacy business

Suppliers for Pharmacy License in Dubai

Mostly there are distributing companies which sell most of the products; that you are having in the pharmacy so for this propose you must have few suppliers. Another alternative is to call the laboratories which are very near to you and put request to provide you a list of distributors. Usually suppliers have already an idea of the initial inventory requires for a pharmacy.

Pharmacy License in Dubai

Activity Code: 513967

Activity Group: Medicines trading

License Type: Commercial (L.L.C)

Activity Description: A particular facility license to put on the market and set up register drugs; also pharmaceuticals, medical goods and dispense herbal and medical drugs against medical remedy; as per the laws and regulations issue by capable authority of UAE. It is supervise as well as monitor by a license pharmacist; who works permanently in the pharmacy.

Potential Customers of Pharmacy business in Dubai

The service handling area of a drug store should have a minimum of 10,000 potential clients; as per the criteria set by the World Health Organization. However, we can see that even with a smaller number of potential clients per pharmacy in some cities; it is still possible to have a profitable business, approximately as a cause and effect relationship; the higher the potential customers, the higher the sales as well as Profit.

Learn to do a good analysis of market and meet your target audience; and this will be very important to the success of the pharmacy.

Competitors for Pharmacy License in Dubai

Besides to assessing the size of the consumer market (potential customers); you are also require to assess the size of the competition. There are some suggestions which will help you to analyze your competitor; that is first use Google Maps; second also type a zip code of the region where you plan to set up pharmacy license in Dubai; third print or save the map and have a fun marking the location of each and every competitor; so it is much easier to analyze and visualize if the place is not a suitable to set up the pharmacy.

You have to pay a visit to your competitors; check their products and what they are doing to maintain their customers; what other services are extra to the products e.g. home delivery, deadline payment, measurement of pressure etc. Estimate everything they are doing and see how you can do better.

Initial Investment to Set Up a Pharmacy business in Dubai

The value of the primary investment to set up a pharmacy business in Dubai can vary from $ 30,000.00 to $ 150,000.00; which is totally depend on the location, physical structure, target audience; and also timing of sales structure chosen by you. For example, the money need to start a pharmacy in a capital city; with the good locality and high power of purchasing; is surely much greater than setting up a pharmacy outside.

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Financial Consultancy License in Dubai

Financial Consultancy License in Dubai

Financial consultancy license in Dubai offer a broad variety of services; to business ranging from small firm all the way through to great worldwide corporations. Internationally, part of the financial consultants’ primary services comprise budgeting; fundraising, debt management and yet in the task of financial adviser to company staff. Financial consultants are very much important throughout the stages of planning; most of the times assisting the business to develop an accurate strategy as well as a business plan. The financial consultant is an important component too in pitching the business plan to the light of investors prospective.

In the history of UAE, the Central Bank of UAE has keeping pace of the financial consultancy license in Dubai as part of the financial investment business. The majority of the licensed financial consultants are also keeping up as investment companies under the regulation of Central Bank Board of Directors number 164/8/94. Starting from December 2008, The UAE “SCA” (Security & Commodity Authority) issued the regulation no. 48/R of 2008 to legalize the activity of Financial Consultation as well as Financial Analysis (the “Regulation”).

Financial Consultancy License in Dubai

From that date, the Central Bank of UAE close of issuing fresh licenses; as well as renewing the existing licenses for the activity. The shift of the task to SCA was pursuant to the MOU; agreed upon by among the SCA and the UAE Central Bank; which particularly determines liabilities of each party in the light of legislation; supervision, licensing and inspection on concerned activities with the financial services sector. The objective being to increase, where it organize risks which may be sector encountered.

Since 2008, SCA has approve the financial consultancy license in Dubai to a lot of companies till now; SCA carrying to collect applications to license these activities. We intend in this article, to draw the basic necessities; and measures to acquire the Financial Analysis and Financial Consultation license.

Financial consultancy license in Dubai

The Financial consultancy license in Dubai is greatly control activity in Dubai UAE; financial consulting need certified financial consultants as well as particular approval from Security commodity authority {SCA} there are different departments in Abu Dhabi to complete the process of the license registration. Apart from SCA who are concerned in issuance of License, that are, department of economic development, Dubai court, Ministry of economy etc.

For business setup in Sharjah as a financial consultant; you need to consider a few thing and adapt it when you are executing you plan; to lunch your business in sharjah,

Regulations and Licenses for Financial advisor license in Dubai

The Company must fulfill all requirements regarding the regulatory and law as well as shall meet the terms to the obligatory parameters while registering the business and throughout its business life ahead.

The SCA (Securities & Commodities Authority) is the Authority empowered in regulating financial advisor license in Dubai. The Company shall move toward SCA for issuing of a financial advisor license in Dubai is state by its regulations and process. The company must originate its activities of business and commercial after getting an appropriate License from SCA, commercial/trade licensee from DED respectively, of the emirates.

Financial advisor license in Dubai

Financial Analysis & Consultancy

Activity Code: 671901

Activity Group: exchange and financial services

License Type: Professional

Activity Description: financial advisor license in Dubai provide the customers; or to the community a good word base on studies and on financial and economic analysis; as concerning practicability studies; predicting and forecasting existing as well as future standards of the goods contracts and prices. It involves the financial analysis that depends on scientific appraisal; of the financial statements to assess that what went before; also the present and to predict the future companies performance. In addition, assessing securities as well as goods and their contracts; transactions volumes, price trends in line to allow decisions making.

Requirement for financial advisor license in Dubai

The companies applying for a financial advisor license in Dubai must provide the following.

Share capital: A company has to keep the capital share of AED 1 million

Shareholding: At least 51% share must be with the UAE national

The company has the need competent technical; as well as administrative staff to carry out the business of financial consultation as well as financial analysis. (Certified SCA consultants)

Business plan is the very important component of the procedure that has to be draft in both languages e.g. English and Arabic, the most important points to consider are as under,

  • The demand of Size in the business plan must be with respect to the services of companies.
  • The business plan must keep the Current competitors as well as prospective competitors
  • The Level of competition must be there in business plan
  • The business plan must include Market share of competitors; Vs the expected market share of the applicant for the upcoming three years.
  • The business plan must keep the analysis for supply and demand gap in respect to the provided services.
  • Business plan must set the target clients

We are professionals in preparing plans for the business; like for SCA as well as each type of Business establishment. Please consult us to know much more about it.

Activities allow for financial consultancy license in Dubai

The following are the activities allow under this license.

  1. The company can carry the Financial Statements as well as Performance Analysis
  2. The companies can go for market Research, Price Trends, Analysis as well as future Forecasts
  3. Companies can arrange Feasibility Studies
  4. The companies under this license can conduct Consulting on Securities, Commodities as well as related Contracts too
  5. The component of Investment Portfolio Modeling are also allow to these companies
  6. The company’s are allow in leading the Services of Financial Advisory
  7. The company’s under this license can go for the Financial Planning
  8. The companies are allow to offer the Investment Consulting services

Note: – There are a small number of license companies in Dubai who are officially authorize to counsel the financial market.

You have the chance to start your company from any part of the world. You don’t need to be existent in the UAE at the time of Company formation in dubai free zones. This creates gives you the power to control your company from any part of the world.

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Food truck license Dubai

Food truck license Dubai

Dubai is hub of big business link to food as well as beverages. The request for both large as well as small food related corporation is growing with the passage of time. It is due to constant arrival of expat as well as tourists from every corner of the world. After the fame of restaurants, hotels and catering business in Dubai; now Dubai is turn out to be a hot place for food truck license Dubai; as the style is getting popular in Dubai very fast. It is obvious from the detail that Dubai Municipality give out more than 200 permits; for food truck business Dubai in the year 2016 (average of 17 per month); while 134 such permits were give out in just the first two months of 2017 (67 per month).

The growth and fame of food truck license Dubai is mostly due to the attention of local and foreign peopling of UAE in intense something new; as well as matchless that is presented by these food truck license Dubai. Provide food in these trucks is also cheap and ready to serve. You can have international, organic, local food items in these food trucks. A few food truck business Dubai provides single food items like French fries, burger, dessert etc. But you can also expect to visit trucks with multiple food stuffs to present.

Food truck license Dubai

People love to visit explicit places chosen to this food truck license in Dubai on weekends. One such stable place chosen for this food truck business Dubai is at Sheikh Zayed Road. Apart from that, system in Dubai also issue short term permits for these food truck business Dubai; that is to sell their items during an event or festival.

The food truck business started in Dubai in 2012; and it grew nonstop and also gains popularity with the passage of time. At this time, a number of food truck business Dubai have gain fame like “Moti Roti, SALT, Sir Loin”. Food truck is among the cheapest business in Dubai. It reduces the businessmen from high cost of setting up restaurant or hotel.

Is it difficult to start a food truck business in Dubai

There are countless hitches, not least because of a city still in its mobile food early stage; and because the food truck business model from other cities does not translate here. Being a touristic city, the prime model of the food authorities is great standard of cleanness; and therefore they only let a truck to work if the food is cook; at an already classified central kitchen or restaurant. This means one must put in a kitchen to be able to have a truck; which in turn blunts the truck’s very purpose; that is to start a food business with limited means. You can outsource to a kitchen supplier but this has a higher operating cost; and therefore you must be an entrepreneur; willing to go the distance and prove that you have a great product for the local market.

How to start food truck business in Dubai

Like every other small and big business, the food truck license Dubai also requires approval from different authorities.

  • In the first step, the business plan will be give in to Dubai Municipality (DM), Dubai Economic Department (DED) and Dubai Road & Transport Authority (RTA)
  • You will buy a food truck where attendance of kitchen is a must requirement. You also need to approve the design and condition of the food truck. According to new rules as well as regulation; health and safety conditions apply on floors, walls and ceilings of kitchen; along with the presence of suitable light as well as ventilation. A Food truck license Dubai is only allowable to serve ready made food. Only after that, one can get approval from Dubai Municipality (DM)
  • After successful approval from all the above authorities; you can start setting up your truck either locally or on globally; rendering to the price you can bear. Forming a truck according to the standards set by the Gov’t of Dubai can cost you around AED 400,000
  • The next step is to find suitable location for food truck parking. Even for this step, approval from government department is required and RTA is the authority in this case. You can also apply for short term permit in case of parking your truck outside a festival on exhibition.

More about food truck business

The growth forecasts of food truck business in Dubai are huge; as it is predictable to grow many bends by 2020. But at this time there are very few people working in this business; which is not only lucrative but also economical to establish. It means that there is very smaller amount of competition in this business at this point; and instant setting up of truck food license in Dubai; can help small tycoons to make their place in the business; that is before the arrival of large number of competitors. But the procedure of getting food truck license Dubai needs approval from several authorities which is a tough task. But you can easily cross this difficulty by taking advice from a sound business consultancy.

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How to start a hotel business in Dubai

How to start a hotel business in Dubai

Over the past years, Dubai has developed as one of the world’s notable travel and tourism destinations. The hospitality industry has been re-defined through modernization; and now offerings several investment breaks for both local as well as foreign companies desire to launch themselves in the region. In this article, we will learn how to start a hotel business in Dubai; and will try to discover the guidelines for establishing a hotel business in Dubai. And will understand about the formation of companies in the UAE; mostly we will help expat with understanding the principles and government requirements.

How to start a hotel business in Dubai

The first step to start a hotel business in Dubai is to decide the legal entity. The most frequently use profitable entity type is a Limited Liability Company, or LLC. Like most of the countries in the GCC states, commercial law in the UAE state; that an overseas financier cannot own higher than 49% of an LLC; and he will have to find a local UAE partner who will either be an individual or a company; who will as a result own at least 51% of the shares. It is time consuming and very difficult for expat investors to find a local Emirati; who they can partner with. One possibility for that purpose is to create an LLC with a local corporate sponsor as an alternative

How to open a hotel in Dubai Free Zone

It is likely to open a hotel in Dubai Free Zone; which will remove the obligation of a local partner completely for a foreign investor. At the same time starting a business in a Free Zone; may give the impression like a minor cost opportunity; it is essential to consider that there are firm rules around trading; and as a result the hotel need to be actually positioned in that particular Free Zone.

How to start hotel business in Dubai | How to open a bar in Dubai

In order to start a hotel business in Dubai; or to open a bar in Dubai; it is essential to fulfill a number of regulations; which is define by the Dubai Department of Tourism and Commerce Marketing (DTCM). For the purpose of how to open a hotel in Dubai some of the regulations include:

  • A bank assurance is mandatory in advance for the trade license to be issue.
  • The least possible size of any hotel area may not be less than 30 square meters.
  • All packages and prices need to be properly put on show.
  • Facility of an operational program to securely store visitor’s data.

Available type to open a hotel in Dubai

If you want to open a hotel in Dubai you need to obey the rules connect to the hotel classification; which says that you can only open the following type of hotel in Dubai.

  • Resort setup in Dubai
  • Open a bar in Dubai
  • Hotel setup in Dubai
  • Guest house setup in Dubai
  • Youth hostel setup in Dubai
  • Holiday house setup in Dubai

Hotels can additionally be categorized from one to seven stars, whereas holiday houses are distributed into average or luxurious establishments.

Legal Requirements to start hotel business in Dubai

Hotel business in Dubai has a small number of legal requirements; which are more like every other type of business. But there are particular changes when it comes to the hotel business. For example, where most businesses need a trade license for initiating a business in Dubai; to start a hotel business in Dubai, you must have a tourism license. Therefore, check this little information before making a decision; and do not basically follow the common practice. And more suitable option is to contact one of our business advisor; so that to get a proper advice on the startup.

Appoint a Manager for starting a hotel in Dubai

Every business needs a manager who grips all the requirements in the company. Likewise, a hotel business in Dubai also need a manager; with a proper training as well as a proper certification in this field. Hiring a manager at the beginning is important; because he or she can help while getting the primary approval; as well as collecting all the official papers require for the same.

Initial Approval for starting a hotel in Dubai

Once you appoint a manager; the next step in the process is to apply for the initial approval. For this purpose you need to have the following documents.

  1. An application form from the DED.
  2. Passport copy and Identifications of the owner.
  3. Classification card for the hotel business
  4. Location drawings, plot drawings and building completion certificate for the hotel property
  5. Passport print of the manager alongside academic certification and experience letters
  6. DTCM accepted certificate of noble manner
  7. Approval from the Dubai General Police Headquarters

Get the License to open a hotel business in Dubai

As stated before, you need to acquire a tourism license to open a hotel business in Dubai. The following official papers should be submitted to catch an approval from the authorities:

  1. first of all in the first place, fee receipt of the first approval
  2. Profession name certification and linked payment receipts
  3. No-Objection Certificate (NOC) in situation of an international group or brand of hotels
  4. At least 3 months of occupation agreement approved by the landlord
  5. Ejari for the hotel property
  6. Documents compulsory for the initial approval and valid certifications
  7. Agreement from the Dubai Municipality and connected judicial figures for sanitation, waste management, public health, etc.

When submitting all the above documents; the DTCM will also undergo each and every single document; that is if they do not find any ambiguity; then your license will get your hotel license in Dubai within a week. The DTCM offers e-service where you can print the hotel license in Dubai; or you can go to their office and get it printed from the counter. To sort things even at ease; you can also hire a business adviser who can do the needful things for you. We at Shams Consultant have our team of experts to support you in your company setup in Dubai. If you are preparing to start a hotel business in Dubai, then do contact us.

Planning a hotel or tourism establishment in Dubai can be a difficult task; and there are a lot of aspects to take into attention. Looking for professional advice from the team at Shams Consultant will save your time and money; and let you to devote more time in your business.

Our team specializes in the formation of companies in the UAE, comprising regulations and government association matters. For further information please contact us.

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Logistics license in Dubai

Logistics license in Dubai

Starting a business in the field of logistics region is in the same way money making; and probable asset of the existing investment. Logistics license in Dubai is very much popular business in the marketplace. Specialists note the frequently increasing consumer demand; which displays the rapid growth in local as well as international transportation; and also advise the investor that how to start logistics company in Dubai. The frequent observation of consumer demands results in the conclusion that shown in both; the large scale international company; as well as the company which are involved in the wholesale distributions of the numerous goods.

From this point of view, the planning of getting a Logistics license in Dubai; making use of the unfailing rules of the government and commercial remunerations; that is in the form of tax and customs duty lack of restrictions is the finest investment. Durable economic progress of UAE gives upsurge to a continuous demand for the services of Logistics license in Dubai. It is largely known that all the paybacks for placing profitable business patterns are focused in the UAE. Today, large quantities of organizations from all over the world; are mostly looking to taking out their business deeds here in Dubai and other UAE states.

Now to be familiar with how to start logistics business in UAE; one should keep in mind an understanding of the norms of the UAE corporate law; and also need to pick the right free trade zone that will fulfill all the necessities; before opening a Logistics license in Dubai. Taking into account the information that all the free trade zones in UAE; are not the same; so the top option for a Logistics license in Dubai is the Dubai Logistics City.

How to start Logistics Company in Dubai

There are a lot of beneficial and eye catching areas for business in UAE. One of them is, absolutely, logistics business and any activity link to it. And this is the main reason people are looking for How to start Logistics Company in Dubai. Logistic business is on the top because of the following three core aspects.

  • Central super up-to-date logistics abilities of the country.
  • Capable geographical situation of UAE.
  • Positive genuine base of the Emirates in terms of taxation of different companies; comprising businesses in the logistics / consignment dispatches business and many more.

The desire to start Logistics business in Dubai, UAE can be place into two different solutions:

  • For putting into practice of logistics solutions implemented through Emirates
  • For setting up of logistics service station in any other countries with the exception of Emirates.

The above two keys can be done with getting a real office and hiring staff to work in Dubai; as well as having only a virtual office of the said company. It is of great value to mention in addition that there is no difference in tax policy for both types of actions.

Logistics license in Dubai

The above points offer an opportunity think of how to start Logistics Company in Dubai.

Dubai has the entire variety of certain benefits; when calculating where to start a logistics firm in a foreign country; parallel to out and out majority of the alternate solutions. In addition to the above said, there are whole lot of banks existing in the country; concentrating in numerous services for companies undertaking business in several business areas; that includes logistics / goods forwarding.

Our company holds long term hands on experience of company setup; and provision of definitely different styles of companies in Dubai and other Emirates UAE; that include logistics firms using many specialization and supplies. If you have any problems on the likelihood of registering such company in the UAE; write to us or simply give us a call or you can chat with our representative; they will answer your queries in the chat section. We would be very happy to provide the necessary information and assist you in starting logistics business in UAE.

How to start logistics business in UAE

Starting a Logistics license in Dubai Logistics City; it means earning an entire set of opportunity and competitive benefit in the international market. In specific, a logistics company, register in the free zone of the Dubai Logistics City, gains the following opportunities:

  • Chance to bring out a tax free profitable activity; both in the local as well as global markets.
  • Quick and excellent banking facilities; as well as opportunity to involve up-to-date logistics centers;
  • Global tax optimization as well as customs payments;
  • Also skill to assure cargo forwarding services and optimization of the valuing policy.

At the moment, the Dubai Logistics City trade free zone is the biggest worldwide logistics stage; which bonds the maximum different forms of transportation services; that includes skill staffs and the suitable infrastructure. In fact, this dedicated economic zone is a part of a significant Government project of UAE; which focus on the growth of the international logistics in Dubai.

Encouraging environments for taking place on international business; and also a wide collection of modern technologies; which allow Logistics license in Dubai to emphasis on the actual and enhance supply chains. Logistics City works as an international means of transport center; which combines both air cargo transportation as well as cargo shipping. Additionally, the existing abilities of the Dubai logistics center; empower to carry out extra and additional setups in the field of logistics. Among them, there are marking and packing of merchandises or their finishing assembly.

Logistics license in Dubai

Moreover, overseas financiers are more fascinate from the trust worthy gov’t policy and freedoms for business. A 100% foreign ownership; as well as less restraint on moving of financial resources outside the free zone of Dubai. Furthermore, tax motivations are offer not only for companies- but employees and investors are also released from income tax.

If you are concern in the likelihood of entering the business market of the UAE; and starting business in Dubai; then our agents will help you not only to open a logistics license in Dubai Logistics City; but they will also offer extra support for your business. Our 10 years of experience will be a trustworthy symbol of the success of your business.

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Opening a branch company in Dubai

Opening a branch company in Dubai

A foreign company is allow for opening a branch company in Dubai; however, the branch office in Dubai is restrict in the events they may conduct inside the U.A.E. (Article 314 of the Commercial Companies Law). Local agents are not involve in the working side of the company, but only help in getting visas; labor cards etc., and is paid a lump sum and/or a percentage of the income or turnover.

Dubai is the best important business and trading center in the Middle East. The region offers great authority to companies and starting a business there can be very helpful for overseas traders. When selecting to conduct economic activities in Dubai, investors must also choose the suitable business method. Two of the most common legal elements for foreigners are the branch and the subsidiary. Each of them has its own importance; and the differences between a company branch and a subsidiary in Dubai; can be related to the business plans of the company. Our agents can help you understand these differences; and see which business method can be beneficial for your branch of a foreign company in Dubai.

Branch of a foreign company in Dubai

Dubai has a number of important free zones; and lots of overseas companies open their branch in this region; because it offers a great deal of profit for foreign investors. A branch of a foreign company in Dubai needs to be register with the Ministry of Economy; and also there are some restricted activities which a branch are not allow to perform; that is commercial agencies or restaurants. Also, the nature of this business allow it to perform only activities identical to the mother company abroad. A branch of a foreign company in Dubai is not a separate legal structure; but it is bound to the parent company. The parent company based abroad is responsible for the branch debts as well as commitments; and will assign a representative in Dubai to take care of the branch’s activities.

Opening a branch company in Dubai

If you decides to opening a branch company in Dubai; you can easily perform the activity in the trade license. However, licensing is run by legal rules as well as regulations. There are some activities, which are only allow to a UAE national; such as banks, finance, insurance and commercial agencies. There are also other licensing processes and conditions that are governing the work of the DED; which issues from time to time various regulations and managerial orders. A foreign company, that opening a branch company in Dubai; may start advertising campaigns for its products and services. The office can also facilitate contracts among the company and its local customers. However, the company is not allow to conduct business procedure; such as gaining credit facilities, making offers, etc.

Type of branch of a foreign company Dubai

There are two leading types of branch of foreign company Dubai representative office and a branch office in Dubai. A representative office is not allow to collect information and solicit orders; and tasks to be done by the company head office. In this concern, representative offices are also narrowed in the number of employees they may promote (typically three or four). A representative office works as an administrative and promoting center for the overseas company. A branch office is a complete business, allow to achieve contracts or perform other activities as mention in its license.

Opening a branch company in Dubai can earn profit and do its activity. The main purpose of the branch is to perform the same activity as allow to its parent company.

A representative office in Dubai is not allow to earn income within the UAE; and the activities it may carry out in the UAE is only marketing; and promote its parent company products and services.

Branch office in Dubai and representative office in Dubai share a lot of similarity; as both work in the power of a commercial registration; and license in the name of the parent company; and both are requires to hire a local services agent, who must be a UAE citizen. The set up process for both are also the same.

Difference between branch and representative office UAE

branch office in Dubai can be open by a parent company in additional city; state, or country and still remain part of that parent company. This fresh entity is still totally under the parent company; and must run under the same name and with the same business activity.

On the other hand, for opening  representative office in Dubai each office can have an additional activity; that is for the purpose of marketing. But in this case, it is not allow  for that office to trade the mentioned products and services.

Opening a branch company in Dubai is a well known move of a foreign investors. It just means that they have a licensed business in another country that is developing, realization other nations’ attention. The process of opening a branch in Dubai are nearly the same as like other business.

There are organize procedure for setting up a branch of a foreign company in Dubai. This is why looking for the help of an expert advise to guide you over. A consultant can offer you with the information you want; and also he will answer your query that how to set up a representative office in Dubai. They are the folks who can clarify to you in detail the things you need to know; such as UAE foreign investment law, and even other things that you are curious to find out.

Difference between branch and subsidiary in UAE

Various foreign companies desire to have an existence in Dubai; so they open branch office in Dubai or subsidiaries.  The key difference between branch and subsidiary in UAE resides in the freedom the subsidiary has. Whereas the branch office is tied to the parent company; and a subsidiary will be capable to conduct its own jobs in Dubai.

Benefits of branch of a foreign company in Dubai

Opening a branch of a foreign company in Dubai has benefits that arise with them. Business man who come here to UAE have their company back in their country; and would like to be in easy range to their customers. It is an advantage in itself to not use more money; and open a branch here that confirms further actual communication with the customers. This is why a lot of international businesses in Dubai are teeming the country. It’s because doing this take a long rewards to their enterprise.

By electing to opening a branch company in Dubai; it can escalate your existence not only in your country but also globally. Your worth will be very much view as you form a better relation with your customers; and also with a new one who have a high ability of becoming one of your clients. The fact that the request of your products and services is being met; that says a lot of good things with respect to your company’s existence in the industry ranking; and also your company practical move which guarantee that the clients are happy. Meeting your clients in the midway is at all times a good move.

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Auditing license in Dubai

Auditing license in Dubai

If your intention is to find How to start an audit firm in Dubai; then you are on a right place to find out; as we will guide you to get an auditing license in Dubai. There are many reasons to support the idea to open a ca firm in Dubai,

But the question is; is it a right time to think how to start an audit firm in Dubai

The answer is yes; because due to future events in UAE like FIFA world cup in GCC and Expo 2020; it is a best time not only to setup audit license in Dubai; but for any business in UAE. All the major trader; financier and entrepreneur have eyes on Expo 2020; and they are waiting for a chance to promote their Idea of business in such event. An audit firm can also promote their firm as other companies like trading and professional firm; are looking to promote their firm and become an international brand.

Another big reason which will make you thing about How to start an audit firm in Dubai; that is the availability of manpower. Many people in this region are come to find a jobs as they think UAE is a good location for them. An audit firm needs professionals with sound experience in audit and account. The firm can hire these experts easily. Also there are very easy visa process to hire professionals; and also requires less time in hiring process as compare to other countries. This makes UAE a nice looking place. UAE is very sound market for job seekers; so as a firm you can get maximum benefits by hiring fresh graduates.

UAE has no capital gain tax; very low value added tax, no personal income tax and zero corporate tax. An audit and accounting firm can save so much valuable capital; and use it to increase long term capital of the firm. Therefore the firm can grow quickly. The money which you save from this taxation can also be used for other running cost of the firm.

How to get audit license in Dubai

A firm holding an auditing license in Dubai is providing one of the most popular services to other firms; and they and their services are always in demand. Thus, this demand brings plenty of competition but as well as plenty of customers. In fact, this is one of the reckless growing fields; and it grows about 25 percent in last decade. Plan your business carefully and develop good relations with your clients; and you will be able to develop your firm successfully.

Determine your specialty. As a consultant, you will concentrate on providing services in the field of accounting for other companies. While you may only take on the account and auditing for a company as a full service outsource accounting department; you may also select to offer more specific services; which clients do not want to hire a full time employee for that. SOX auditing, forensic accounting, expert witness services as well as financial analysis of purchase; are more likely to be outsource to consulting firms.

Obtain certifications and Exam. For auditing license in Dubai you need to have accounting degree and relevant experience in this field. You also need to pass an exam in Dubai to be eligible for getting auditing license in Dubai.

Set up an auditing license in Dubai

Every business needs a license to operate in UAE. You will also need a business license; you may need to consider forming an LLC or corporation to defend yourself from personal liability; Taking professional liability insurance may be a constraint in some communities; and it is a good idea to have even if the law does not require it.

Market your services. Since you will be fascinating business clients that need to trust you with their finances; making face to face contact by joining networking events will serve as one of your major marketing efforts. Make sure your clients recognize correctly what you are offering; they should be able to easily know your services in a “30-second elevator pitch.

Auditing license in Dubai

  • Activity Code 6920001
  • Activity Group Accounts
  • License Type Professional
  • Activity Description auditing license in Dubai allow to practice accounting services; and allow to audit accounts of companies as well as firms; and make comprehensive examination and auditing of all kinds of accounts; records and accounting books of an establishment; the outcome of its business, reports on its financial position.
Terms and Conditions Requested By
Laws which regulate the consumer’s rights shall be taken into account; that is the phrase “The sold goods are neither returnable nor exchangeable” shall not appear on the invoice. No additional fees shall be imposed against the use of credit cards. Dep. of Economic Development (Registration & licensing Sector)

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How to open a construction company in Dubai

How to open a construction company in Dubai

How to open a construction company in Dubai is one of the most important topics in the UAE and is at the top of swing. The construction zone in the UAE operates with full volume due to a number of big mega projects; and the rise of the common setup in preparation for the Expo 2020.

UAE make a note for the highest construction project value; that is reaching around USD 320 billion; which is the 51% of the top 100 projects in the GCC County. Revealing of the above report is the list of the main construction ventures both commercial as well as residential. The UAE offers outstanding prospect for business such as tax free environment; also an investment protection, a stable economy and a 0% corruption; keeping this view in mind, an investor is searching for how to open a construction company in Dubai.

As a global investment center, the UAE has launched so many construction projects; that is in infrastructure for residential and commercial area. Ant would not be wrong to say that UAE achieve a strange growth in transport infrastructure; they have mainly built leading projects such as the USD 7.8 billion extension of Dubai Airport; and the USD 6.8 billion Abu Dhabi Airport revamp project.

Local or foreign contractor who are involve in contracting project; must be having construction company license in Dubai to carry out their activity.

Where and how to register a construction company in Dubai

To register a construction company in Dubai you need a license from DED; and a municipality approval is also required. There are 2 type of license available for Construction Company in Dubai.

Commercial license (LLC): Gives the right to conduct physical construction activities.

Professional License: Gives you the eligibility to carry engineering, designing and project management.

How to open a construction company in Dubai

Construction company license in Dubai will allow you to provide construction services; that is in the field of industrial, commercial and residential areas. If you get a construction license in UAE; then you will be able to offer construction services to all kinds of real estate project; that is going from small office repair to a complete creation of new building. Once you have your construction license in Dubai; then you can provide high quality services to your client; that is in quick and cost efficient manner with high quality work.

The range of real estate license in Dubai is very much diversified; you will be involve in a large number of projects for several industries such as automobile industries; also food processing facilities, chemical plants, residential buildings, warehouses & logistics industry; also infrastructures, retail industry, Oil & Gas, pharmacy storages, aviation projects; Water and marine as well as power generation industry.

Type of a Construction license in Dubai

There are so many kinds of a construction license in Dubai; each one has different requirements as well as difference regulation.

Wrecking & Demolition license in Dubai

  • Activity Code : 451001
  • License Type  : Commercial
  • Activity Group: Contracting and building works

Activity Description: to start construction company in Dubai with this license; you will be allow to engage in the destroying of buildings and other structures; which are in rundown condition and are at the edge of collapse; or for replacement using different techniques; such as cranes for high rise buildings; excavators and manual for medium buildings as well as building implosion using explosives.

Building Contracting license in Dubai

  • Activity Code : 452001
  • License Type  : Commercial
  • Activity Group : Contracting and building works

Activity Description: to start construction company in Dubai with this license; will allow you to involve in constructions of all kinds and for different work; mainly residential, hospitals, airports, farms, industrial, commercial, schools, public and agricultural buildings; also building adjusting, general maintenance, interior beautification, landscaping as well as electrical fixtures and sanitary plumbing, the number of floors to be constructed shall be set by Dubai Municipality.

Building maintenance license in Dubai

  • Activity Code : 454007
  • License Type : Commercial
  • Activity Group : Building maintenance, surveillance and cleaning services

Activity Description: to register construction company in Dubai with this license; will allows only the maintenance of buildings; without any equipment or extensions available inside; such operations include restoration and reparations of roofs, columns, walls, floors and others.

Steel Constructions Contracting license in Dubai

  • Activity Code : 452008
  • License Type : Commercial
  • Activity Group: Contracting and building works

Activity Description: to start construction company in Dubai with this license; will allow you to execute all operations related to steel constructions; as well as installing steel structures on site; such as factories, warehouses, storage place, sheds, bridges structures and tunnels; also the execution of all civil works for such installations, mainly foundation piling, floor paving, lay connections. Firms engaged in manufacturing such structures are classified under class 2811, the number of floors involved shall be set by Dubai Municipality.

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Commercial Brokerage License in Dubai

Commercial Brokerage License in Dubai

Since the beginning of economic as well as business development in Dubai, the real estate sector keep on the top priority of most of the states of UAE. The construction of tall buildings and other construction projects are going every time in Dubai. All this nonstop construction work offers profitable business chances for people; who are trying their luck doing the business of real estate; that is construction companies, developers, real estate brokerage etc.

There are mainly three types of for this business; in which one of them is the commercial brokerage license in Dubai. A commercial brokerage license in Dubai will empower you to take a part or represent both the parties; that is the landlord and the tenant in the government departments; and responsible for doing the real estate services (e.g. RERA). To work on behalf of someone in the gov’t department is really an important task. One can easily evaluate the profits that he can get while having commercial brokerage license in Dubai; after considering the importance of real state in the market of Dubai. Getting a real estate brokerage license in Dubai involves various steps.

In Dubai, there are two legal structures available for real estate brokerage license in Dubai.

  • A single person doing this business is called ‘sole establishment’
  • The second structure is the Limited Liability Company (LLC); where there are two or more up to a maximum of 50 shareholders.

Commercial brokerage license in Dubai can only be set up under complete ownership of a UAE national. This real estate brokerage company can only be set up in Dubai mainland.

Prior Conditions for commercial brokerage license in Dubai

If an expat person want to get the Commercial brokerage licenses in Dubai; then he will have to get a real estate qualification course; requiring a university degree (in economy, accountancy or finance) along with 3 year experience. The company owner as well as manager should have to provide good conduct certificate from Dubai police department. An at the end, they would have to pass the real estate profession test.

How to setup real estate brokerage in Dubai

Reserve a Trade Name

The process of real estate company formation in Dubai is start with the trade name reservation. You can do this online through a DED website; or at one of the typing centers in the emirate.

Initial Approval for real estate brokerage license in Dubai

The next step is to get the Initial Approval for real estate brokerage license in Dubai; by submitting basic application and other helpful documents; such as the application form (BR-1 form), copy of the passport of all the shareholders as well as manager; and also a copy of attested high school or university degree of the partners as well as manager.

Approval from Real Estate Regulatory Agency (RERA)

In order to get RERA approval, you need to pass RERA courses related to real estate field; which would be at least for two to fifteen days; but this will totally depend on your educational background.

Legal Documentation

In case of a Sole Establishment, only office tenancy contract shall be sign between the concerned parties. If a company is being form as LLC, then MOA shall be sign between the shareholders in front of the Notary Public.

License from DED for commercial brokerage license in Dubai

At this stage all documents such as trade name reservation certificate; RERA approval, tenancy contract and MOA along with copy of the passport of all the shareholders; and a manager can be submitted to DED to obtain the final license. After getting complete documents, DED issues fee voucher which includes all due costs for getting the license. Once the payment is done, DED issues the license.

RERA registration of real estate brokerage license in Dubai

After obtaining a license from DED; the next step is to register your company with RERA. For taking RERA registration the following documents are requires.

You need an application form, a license copy, payment receipt for RERA courses; and also a tenancy contract as well as a location map.

Registration with DNRD and Ministry of Labor

Like other main land license, a commercial brokerage license in Dubai; need to be register with DNRD as well as Ministry of Labor (MOL); so that to hire foreign employees and also sponsor their visas.

A quick look to the real estate brokerage license in Dubai

First step is to reserve a trade name by filling an online application on the website of DED. After that a next step is to submit application form with required documents; that is passport copies of shareholders and manager, attest copy of academic degree of all the shareholders.

The next step include passing of RERA course for gaining expertise in real estate field. The duration of this course is from 2 to 15 days; that will grant RERA approval to the applicant. Now in this step documents will be sign. Only office tenancy contract will be sign in case of sole setup; while MOA will be sign between shareholders in case of LLC. Now to get license all the documents and RERA approval will be submit to DED. The department will issue fee vouchers after receiving all the documents. DED will issue the license.

Now you need to provide DED license copy, application form, tenancy copy; location map as well as RERA course payment receipt to RERA; that will issue registration certificate to the applicant. The final step for Real Estate Brokerage Company is to register with DNRD and MOL (ministry of labor). This will complete the commercial brokerage license process in Dubai

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General trade license Dubai

General trade license Dubai

Dubai being an attractive and best destination for business activities of foreign investors and in order to start a business in Dubai; a trade license Dubai is to be obtained; which is the basic and most important document requires for a company. This trade license in Dubai allows you to conduct business activity in the State of Dubai; but without it you cannot operate any kind of business activity whether it is online or offline.

Dubai stands as a major source of attraction for expat from across the world. Also like every country a set of rules for a trade license Dubai as well works on similar lines. Thus, acting as per the right guide lines for trade license Dubai registration along with its pre-requisites; shows the best interest of the expat investors to comply with the UAE laws. In favor of these aspiring entrepreneurs, the write up shall throw light to have an adequate transparency for getting a trade license in Dubai. Before starting business operations in Dubai, there are some rule and regulation which must be full fill.

The DED with a support from the Dubai Chamber of Commerce & Industry; is the legislative body that regulates and controls the licensing procedures for an entity in Dubai.

However, trade license in Dubai for some categories of business require approval from certain ministries and other authorities; for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health. More detailed procedures apply to businesses engaged in oil or gas production and related industries.

Practicing some trade activities (e.g. jeweler and insurance) requires the submission of a financial guarantee issued by a bank operating in UAE. In general, all commercial and industrial businesses in UAE must be register; that is with the Chamber of Commerce and Industry in the respective Emirate.

Why a trade license in Dubai is ideal for small business owners

  • You need share capital for a free zone trade license Dubai. No capital is required for a Dubai mainland license.
  • A free zone trade license Dubai is strictly associated with rented free zone office space. Mainland businesses can be run from a cheaper business center.
  • Free zone trade license Dubai and visa costs are cheaper; but it restricts you to work within free zones and international regions only with a trade license Dubai economic department; you can have clients from anywhere in UAE as well as internationally.
  • The long-term free zone benefits and services are more appropriate for a large international company than a small business owner.

In both types of companies, there are no income taxes; and if you are thinking of starting a professional practice; you own the company 100%, regardless to say as to whether it’s in free zone or mainland Dubai.

What are the requirements for obtaining a Dubai economic department trade license

Before initiation of any business license Dubai; the following requirements to be follow in order to meet the legal formalities of all concern authority; and to guarantee maximum commercial benefit for the business owner.

  • Designate the category which the business falls into commercial, industrial as well as professional.
  • Determine all the related business activities to be includ within each business license Dubai (Maximum 10 per license).
  • Make a decision as to your business’ appropriate legal status in UAE.
  • Select an appropriate trading name for the business.
  • Submit an application to the Department for initial approval.
  • Register a trade name after receiving initial approval (If you don’t have previously reserved a trade name).
  • Lease office for business license Dubai to obtain approval from the Authority.
  • Prepare all required documents; such as memoranda of association and approvals from other relevant government authorities which may be necessary to each case.
  • Submit a further application to the Department to obtain the final license.
  • Pay the required fees.

Types of business license Dubai

In the process of getting a trade license Dubai economic department; the first step is to determine your business activity type. Right now, there are almost 2,100 business activities available in Dubai. A Business license Dubai is generally categorize into three types. Depending on nature of your business activity, the license is provided in one of the category by the Department of Economic Development Dubai. The categories are:

  • Commercial business license Dubai
  • Industrial business license Dubai
  • Professional business license Dubai

Commercial business license Dubai

Commercial business license Dubai is issue to a kind of entity that includes trading activities; such as buying or selling goods. Companies are only allow to perform the activities mention in the license. Business entities that require commercial trade license includes:

  • Imports and exports
  • Electronics trading
  • Car rental services
  • Brokerage firms
  • Logistics firms
  • Real estate brokerage
  • Building material trading

According to Dubai Statistics Center, the commercial licenses issued in the first quarter of the year 2017 have the highest ratio among all the other business license Dubai. 3,637 new licenses were issue and 27,193 were renew whereas 1,162 licenses were cancell.

Industrial trade License Dubai

Industrial trade License Dubai is issue to a company; that is engage in any type of industrial or manufacturing based business activities. The company must have a physical office within UAE for this license. Companies that requires industrial license includes:

  • Manufacturing of food products
  • Metal casing
  • Furniture manufacturers
  • Packaging

The numbers of Trade License Dubai issued by DED in the first quarter this year are 50 whereas the license renewed and cancelled are 770 and 27 respectively, as stated by the Dubai Statistics Center.

Professional trade License in Dubai

Professional trade License in Dubai is issue for business providing services. For this type of license, company will need a local service agent; but will have 100% guaranteed ownership of all the profits and operations. Following are the types of business that requires professional license in Dubai:

  • Law firms
  • Management consultancy
  • Educational institutions
  • Information technology services
  • Auditing companies
  • Accounting companies
  • Marketing consultancy
  • Medical services

The report of the first quarter of 2017 mention that the professional licenses offers; renew as well as cancel are 1,680, 7,536 and 312 respectively. However the total number of license offered, renewed and cancelled makes a huge amount of 5,524, 36,254 and 1,523 respectively.

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