Let us guide you through it.

Trade license (What & Why) ?

A legal authorization is necessary to run any company. And each country has its own laws regarding trading and its own jurisdiction to further avoid any issues.

Hence, a trade license in the UAE is a must to start any commercial activity for an individual or entity. With this the company ensures to hold complete accountability to all its actions as per the terms of the trade licence and gives them a legitimate identity. 

Who issues it?

The Department of Economic Development (DED) and Free Trade Zones in the UAE are the licensing authorities that issue the trade license.

Trade License Validity

Businesses hold a 1 year licence and keep renewing it.  In Free Zones, there are Multi-Year Trade Licenses available. And yes, any delays in renewing the trade license, there will be notification from the trade license authority to complete the process on time.

Anyhow, there is a 30 days grace period for renewing the Trade License. Don’t worry we are here to assist you for the renewal too!

Time taken to receive the trade license

It basically depends upon your business plan and the clarity of your documentation. For an estimate it takes around three days to four weeks to get your Trade License.

Types of Trade Licenses in Dubai.

➔    Professional License

This allows you to get a license for professional services such as law firms, consultancy, finance and accounting.

➔    Commercial License

Companies can engage in buying or selling goods, for example, different forms of trading, it can be either retail or wholesale.

➔    Industrial License

It involves providing licenses to companies that do industrial activities, like producing, fabricating and segregation of products.

➔    General Trading License

It is slightly different from the normal trading licenses as a General trading license allows the company in a vast trade activity and gives the privilege to trade virtually any goods. But it does come with a slight limitation as it does not guarantee the right to trade goods like cars, alcohol, medical products, and weaponry.

➔    E-Commerce License

This license is very important for companies who sell goods or provide online services via the internet.

• Hence, each license is only limited to ten business activities except a General Trading license that allows the businesses to trade in different varieties of commercial activities.

Trade Licenses in UAE Jurisdiction

1. Mainland Trade License

The Mainland Trade License is issued by the Department of Economic Development (DED). This license entitles a company or an individual to start their business in the local markets of any Emirate in the UAE. The license also guarantees your company a smooth flow of goods in and out of UAE by setting up large warehouses in the industrial areas. It also ensures the Expatriate investors to have a 100% share of the Mainland company. If you are thinking of expanding your venture in Dubai then do grab this opportunity.

2. Free Zone Trade License

Freezone Trade License is only provided to begin business activities in specific demographic locations that perform preset business activities in UAE. So if you’re wishing to start up your business in these specific locations then you require a UAE Freezone Trade License. And you have to keep in mind these licenses are limited to specific kinds of businesses.

3. Offshore Trade License

Offshore Trade License are issued from approved license authorities like JAFZA, RAKEZ, and AFZA. When Corporate firms want to extend their business, outside their registered jurisdiction for operational needs they could apply for an Offshore Trade License.

In a country like UAE, if you are planning to expand then you could enjoy the benefits of saving up tax, investing in the vast real estate field and also  enjoy the ownership rights of an Offshore company. Benefits come with regulations, thus your company will be considered as a non-resident company without office space in the UAE.

How to apply for a Trade License

• Pick A Business Activity: The nature of your business allows you to opt for the right trade license.

• Select Jurisdiction: Select the demographic location or an Emirate which you are willing to set up a firm.

• Documentation: Passport copies, Business plans, Visa copy of the investor and manager, Tenancy Agreement, Three Name choices for the company name reservation, Educational certificates ( some cases).

• Fee Amount: Amount of the fee depends upon the Jurisdiction and the type of license you are applying for.

• MOA or LSA: Prepare a Memorandum of Association or MOA or LSA with the local sponsor if it’s a  professional type of license

• Approval and Issuance: On the approval of your submitted application ,you will be given the applied Trade license. It will permit you to legally begin your business operations.

Payment Estimate For Trade License

To provide an estimate excluding the visa expenditure and other expenses of your business activity, a Trade license in Dubai costs between AED 12,750 to AED 30,000. Additionally, to be specific the cost of a Trade License in Dubai mainland is around AED 18, 000 to AED 27, 000. Furthermore, the cost of the Trade license in Dubai Freezone ranges from AED 5,750 to AED 30,000. Also, to get a more accurate cost of your Trade License, please feel free to contact our team.

Benefits of Acquiring A Trade License

• Tax Benefits: Dubai is all about creating more revenue from your business, there isn’t personal or corporate taxes. You can file your tax returns separately after acquiring your Trade license; it ensures you the maximum benefit.

• Business Credibility: Acquiring a Trade license increases your chances of getting more customers, stakeholder and also investors as the license escalates the credibility of your business.

• Access to Government support: The UAE government promotes entrepreneurs to invest as they provide a hassle free and supportive business environment, which is very evident as you see  brisk growth of the UAE economy.

How will AURION pitch in with getting you a Trade License ?

Our consultants will give you a thorough briefing into the terms and regulation regarding Trade licenses in the area in which you would like to begin your dream project. We are here to assist you in whichever Jurisdiction you may prefer.

Our team will be assisting you with each and every stage of your documentation process, may it be for a new license or renewal. We are here for you.

AURION will try its best to provide you the Trade license by  approaching a cost effective process and always give you and your company the needed follow up and support.

Feel free to connect with our team, always here for your service.

The post What is a Trading License in Dubai? appeared first on AURION.

The initial business setup cost is an aspect that some companies consider reducing the overall cost. For some companies looking to scale up, investing in profitable businesses in the UAE is a perfect choice.  Such companies will be able to gain maximum revenue with minimum investment.

Also, there are a host of profitable businesses in the UAE that will help investors earn substantial revenue. The business profitability is a result of many factors such as productivity, employee retention, and lower business setup costs. Increase in revenue and more.

Most Profitable Businesses in the UAE

There are many ways a business can become profitable in the UAE. Investors can keep the cost low by initially opting for a virtual company and not leasing an office space.

Several business activities can scale up without having an office space. Choosing the right business activity will help in reducing the overall cost of the company investment.

Following are a few business activities that are profitable business in UAE. Additionally, these most profitable businesses will help in acquiring higher revenue for the services provided. There are many options to keep the overall cost low and in this article, we will run through the most profitable business to start at low cost.

Real Estate Brokerage

Real Estate Brokerage does not require large office space or workforce to start initially. In Dubai to start a Real Estate Brokerage company is a hugely profitable business. The real estate segment in UAE is at its peak and expected to further rise to new levels.

There is an enormous demand for the real estate market in Dubai and many investors would like to finance their property through banks, financial houses, or from the developer directly. Real estate brokers will help in facilitating the property buying and documentation.

General Trading

A general trading company is a profitable business in the UAE and requires minimum infrastructure. You can easily sell multiple items in UAE as there is a large addressable market. Investors can easily set up a trading company and obtain a trading license in the UAE at a minimum cost.

IT Consulting

IT Consulting is another profitable business to start in Dubai without much expense. There is no requirement to have a physical office space for an IT Consulting company. Most of the work happens remotely.

Influencer Marketing is a popular business category that entrepreneurs can easily manage within the comfort of their homes.

HR Consultancy

HR Consultancy is another profitable business that an investor can operate remotely. There is no requirement for an office for an HR Consultancy.

eCommerce Online Store

The eCommerce Online Store is another popular business that can be very profitable in Dubai. There is a large addressable population in the UAE. Also, online shopping is a day-to-day activity for most residents in the UAE.

Life Coaching

Life Coaching is a profitable business in the UAE. It helps is guiding individuals to progress well in their life. There are various categories of life coaching such as personal grooming, counselling sessions, career advice, life lessons, wellness, and more.

EdTech – Education Technology

Education and Technology are very much interlinked. There are several opportunities in the Edtech segment. It is again a profitable business idea that can be easily scalable.

Renewable Energy Startups

Technology’s impact on the energy sector is huge. There is a new wave of renewable energy startups in the field of wind power, electric batteries, and other sustainable fuels such as biofuels, etc.

There is a huge potential for renewable energy startups to scale up in the coming future due to the growing demand.

FinTech- Financial Technology

Fintech is a sector that is growing at a rapid pace. There is huge profitability in the fintech sector. Dubai is a hub for financial, banking, and investment.

Arts and Culture

The Arts, Culture, Painting, and crafts are witnessing a growing demand in the new age. Individuals are choosing careers in arts and crafts. There is enormous government support in the UAE to promote local as well as international culture in the region. So, many art galleries, non-profit crafts workshops, etc are booming in the market.

So, in conclusion, there are many profitable businesses in UAE that investors and entrepreneurs can easily start and scale up.

Connect with our expert team to know more about the most profitable business in UAE.

The post Most Profitable Business in UAE appeared first on AURION.

Free Zones in UAE such as RAKEZ, SPC, and IFZA offer special business setup packages for women. The company setup package for women starts from AED 6,000 for a Zero visa quota license.

Furthermore, various company Setup options are custom-made for women in Dubai. Also, the business opportunities for women in Dubai are diverse. They can indulge in multiple business activities that can operate with a lower budget as well.

Women in Dubai in the age group of 25 to 45 make up a significant population. Most of the women in the region are working and are eager to start something for themselves.

So, there are a host of business ideas for women in Dubai. They can explore various business activities and gain a trade license from the Free Zones of UAE.

Top Business Ideas for Women in Dubai

The women in Dubai can look into a host of business activities that they can do from the comfort of their homes and earn well. Also, there are a few low-investment business ideas for women that require a small office or a space at home to operate.

1. Fashion Boutique and Design Studio

Fashion Boutique and a styling center specializing in women’s designer wear is a top-rated business idea for women. Especially, with the boom in social media accounts following fashion. There is an enormous business opportunity for ladies to open a fashion boutique.

There is a large audience base that is following the latest fashion trends. So, opening a boutique or a home-based styling center will help drive significant footfall. The Fashion Boutique License can be obtained as a professional License for a very minimal cost in Dubai.

Also, the owner should be associated with the fashion sector. Else a manager or director must be appointed to oversee the operations of the boutique. Furthermore, a Fashion Boutique can be easily launched online. Also, the owner can rent out a small retail space to limit the budget for setting up the Design Studio.

2. Event Management

One of the best business ideas for women is running an Event Management company. They can easily set up an event management company from their home at a lower scale initially. To begin with, it could be a family function or a birthday party, baby shower, a wedding function – sangeet, haldi, etc.

Furthermore, depending on the scale of the events and popularity, the operations can be shifted to an office space or a large area. Event management would require a Trade License in UAE. It could be a professional license and the company owner can easily expand the reach.

3. Creative Consulting

Creative Consulting is a profitable business idea for ladies as they can operate the business from being at home or taking small office space. It has a greater scope and it could be the most profitable business idea for ladies. It includes strategy development, graphic design ideas, content creation, social media agency, research agency, or any sort of online consulting business.

With the expansion of social media channels such as Instagram, and Facebook and platforms such as YouTube, there is a significant demand for content ideas and strategy. Also, there are several ways that a service or product can be marketed.

So Ladies can take a Creative Consulting or Social Media License at a cost starting from AED 5,750 for Zero Visa Quota in Sharjah Media City. Creative Consulting is one of the most profitable business ideas for ladies to make good money with limited capital investment.

4. Influencer Marketing

Influencer Marketing is another scalable business idea for ladies in the UAE. It is a business type where one must identify popular Instagram accounts and reach out to them for collaboration. There is a huge demand from corporates, startups, and companies for influencer marketing.

Ladies can become popular influencers in the fields of fashion, beauty, lifestyle, finance, etc. They can operate the company by securing an Influencer Marketing License from any Free Zone of the UAE.

5. Home Baking

Home baking is another most chosen business idea for women. Ladies can start a Home baking from their kitchen initially and then scale up. There is a huge demand for Tiffins Lunch/Breakfast in UAE as most of the families are working class. So, stay-at-home mothers, or individuals can start selling home-cooked food, savories, bakery items, etc.

They must apply for a home baker license before making any official sale of the products. The individual must be aware of the rules and regulations in the country.

6. Online Tutoring

Another easy business idea for women is Online Tutoring. They can easily start Online Tutoring from their home with a laptop or phone. Educational concepts from lower grades to higher ones have a growing demand in the UAE.

Women must get a tutoring license from the Dubai Economy or a Free Zone to conduct Online Tutoring the right way.

7. Arts, Crafts, Digital printing

Gifting Ideas in the form of arts, crafts, and digital prints is another easily scalable business idea for women. They can collect orders for t-shirt printing, caps, and mug printing, or paint in canvas and sell at events, cultural shows, parks, etc.

There are several business opportunities for ladies who are well-versed in drawing, painting, and crafting. Making jewelry designs, soft toy stitching, etc., are a few areas where ladies can operate with their arts and crafts-making license in UAE.

8. eCommerce Store

There is no doubt that launching eCommerce is one of the best business ideas for women in the modern world. There are enormous business opportunities in the e-commerce field. They can sell any items ranging from household, apparel, gifts, consumer goods, beauty, and more.

Free Zones such as RAKEZ offer an AED 6,000 package for women to launch their e-commerce company. They can easily scale up the e-commerce business from the UAE as there is a growing audience base in the region.

9. Beauty Salon

Another simple business idea for women to make money is opening a beauty salon in the UAE. There is immense demand for beauty salons in the UAE. As many women are employees they use beauty services to look presentable for their office or any events.

Dubai is a vibrant city with year-round events and entertainment. So ladies always choose to style them well and utilize the beauty salons for the same. Lady entrepreneurs can take a salon license from the Dubai Economy and start a salon on the mainland.

10. Interior Decor

Interior Décor is another profitable business for ladies to start from their homes. The online medium and social media help the Interior Décor channel to grow and scale up easily. The ladies can operate the business online by providing remote consulting and selling interior décor.

11. Day Care

Day Care is an ideal business that ladies and stay-at-home mothers can think about. They can get a daycare operations license from the respective authorities and start a daycare business without any hassle.

There is an immense scope for daycare operations in Dubai as many working couples would want their kids to be taken care of during office hours. So, daycare centers have a growing demand in the region.

So, in conclusion; there are several business opportunities across sectors for ladies in UAE. Some of the business setup ideas listed above require very minimal initial investment. Depending on the demand and business prospects, the business can be scaled up to new offices and more.

Connect with our expert team right away to learn more about the various business ideas that are ideal for women to successfully start a business in UAE.

The post Business Ideas for Women in Dubai appeared first on AURION.

So, for the companies operating in Dubai to conduct financial transactions, having a business bank account is an essential requirement. The investors can open new startup companies and have a bank account for their company.

Dubai provides a lot of business benefits for investors. Also, the top-notch transport network, luxurious lifestyle, tax-free personal income, robust law and order system, etc., make Dubai the prime choice to set up a new company.

Additionally, the business owners would be required to open a corporate bank account to run their daily business operations. For that investors can choose from UAE banks and also a variety of international banks having a presence in the country.

How to Open a Business Bank Account in Dubai?

The network of banks in Dubai, UAE offers a variety of investment products to business owners. They all offer reliable and top-class services to business owners.

The banking network in Dubai is excellent with a vast number of banking products that are beneficial for the investors such as business loans with low interest rates, credit cards with many attractive offers, and more.

AURION being the pioneer in the field of business consulting and having more than 17 years of expertise in management consulting, has a long-lasting relationship with all of the major banks in the country.  

So, our team of Business Consultants will guide you with the right choice for all your business banking requirements. Ranging from business loans to credit cards, the banks in UAE will offer business owners a host of banking products to choose from for their company.

 The Process of Opening a Business Bank Account in Dubai?

The business owners must follow a process for opening a corporate bank account in Dubai. They can get expert assistance from Business Consultants such as AURION. So, for opening a bank account in Dubai, they must have a few documents ready as well as clear a KYC (Know-Your-Customer) exercise.

1. Select the Right Bank

There are a handful of national and international banks that have a presence in the region. Each offers a variety of banking products for the business owners. Hence, businesses must make a wise choice when onboarding them with a bank in the UAE.

Also, there is an eligibility criterion to qualify for a bank account in the UAE. Furthermore, a Trade License, UAE residence visa and local address are required for the bank account opening. Additionally, there is a minimum balance requirement in most of the banks.

2. Get the Trade License

Obtain the Trade License from any of the Free Trade Zones or Mainland of UAE. Depending on the chosen Free Trade Zone and the nature of business activity, the banks in UAE will offer the right banking solution.

 3. Prepare the Documents

There are certain documents required to open a business bank account in Dubai. To strengthen the profile the bank would need proof of the business, any contracts or invoices, company; supplier details and more.

Again, only a few banks ask for all those details, it depends on the investment and nature of the business. In general, the banks will request for submitting a copy of Emirates ID, Company Trade License, Incorporation Certificate (if any), Lease/Tenancy Agreement, Shareholder details – passport copy, photographs, authorized signatures, etc.

Additionally, the banks will ask for the shareholder’s bank statement, Company Memorandum, Power of Attorney (if any), and the suppliers/buyer’s information. With the help of expert Business Consultants, they can prepare all the required documents for the opening of the bank account.

Challenges in Opening a Corporate Bank Account in Dubai, UAE

Many startups and businesses have challenges while opening a business bank account for their company. Sometimes the bank account opening will take months and have strict KYC norms.

Bank Account opening is essential for the company to conduct its commercial activities. There are various reasons why the bank account opening is a challenge in Dubai. A few of the reasons are:

• Strict regulatory compliance and laws like the Anti-Money Laundering (AML)
• Proving the owner’s credibility as a business owner
• Weak business plan and trade forecasts
• Absence of a physical office space
• Meeting the minimum balance requirement

Few banks in UAE will have a stricter KYC in place for Free Zone companies with Virtual Offices. It could be a challenge to open a corporate bank account with a virtual office in a Free Trade Zone.

However, with online banking services from Mashreq – The Mashreq Neo, and RAK Bank’s RAK Starter, as well as WIO Bank. So, even though there are strict regulations, by producing the right documentation, the company can open a business bank account for their company in the UAE.

Our team can help you with the right bank account in the UAE. The KYCs and other regulations will help to safeguard and ensure the transactions are clean. Any scams or unauthorized accesses will be denied and thus secure the banking transactions.

How AURION will guide business investors?

AURION has extensive experience in dealing with international and local business regulations. The team will help in opening the Business bank account in UAE. By analyzing the specific business requirement the team will provide the right option for the business owners.

The team will liaise with the banking experts and put the application across for review. We will ensure you obtain the bank account for your business. Get end-to-end business and banking consulting from AURION. 

We handhold you in every stage of company formation, visa processing, legal documentation, special approvals, bank account opening and more. Connect with us for a business consultation and for opening a bank account in Dubai, UAE. We will help you realize your dreams easily.

The post Banking Services in Dubai – Process of Opening a Business Bank Account in UAE appeared first on AURION.

Starting a representative office in Dubai is a lucrative business opportunity for foreign investors who have a strong business background in their home country. Representative Office can be seen as a strategic way to expand the business to new geographies easily without incurring much expense. 

This article highlights the characteristics of a Representative Office in Dubai and how to open one for your foreign company. The article also touches base on the scope of a Representative office in Dubai.

What is a Branch Office and Representative Office in UAE?

So, let’s delve into the understanding of what a representative office is in the UAE. A representative office is an extension of the parent company entity into a new market. It is part of the same entity and not considered as an independent entity. 

A Representative Office cannot sell or indulge in any profit-generating activities. It can be only an office with staff that will outsource all the sales to the head office or the parent company. The representative office will be for liaising and building client relations only. 

So, technically a branch office and a representative office are two different types of company structure. In the section below we will look at the major differences between the two business entities. 

Differences between a Branch Office and a Representative Office in UAE

The major difference between a Branch Office and a Representative Office in UAE is the functioning. The modus operandi of both entities are distinct. A Branch Office is treated as a separate independent entity and a profit centre. They can conduct business, hire employees manage the book of accounts, operate independently and handle additional responsibilities. 

Whereas, a representative office is an extension of the parent company. It is not a profit centre but an expense. There is no revenue generation in a representative office.

They outsource the work to the parent company. The Representative office is for customer service and liaising and no actual sale is happening via a representative office. 

Why Set up a Representative Office in UAE/ Dubai?

The Representative Office in UAE/Dubai will help the foreign investor easily expand their business to new geographies. It is a gateway to new business opportunities. The parent company that is based in a foreign country can easily enter into the UAE’s market landscape with minimal investment.

They can test the market, conduct market research, perform marketing activities, gain contacts, and more.

Most of the investors based in Dubai, UAE prefer to associate with a brand or company that has a local presence in the region. So, the Representative Office can act as a liaison office where the investors can visit and learn more about the processes and functioning of the parent company.

In a representative office, there are marketing staff and a Director who represents the company. All queries regarding the company’s operations would be addressed by the representative office. So, opening a representative office in Dubai has many business advantages for the business owner.

What are the Advantages of a Representative Office?

Following are the advantages of opening a Representative Office in Dubai. The strategic location of Dubai makes it a business centre. The convenient time zone for doing business with the West and Asia makes Dubai a top choice for establishing a company. 

Similarly, The stable economy, growing business opportunities, and 100% foreign company ownership in the Mainland and Free Zone attract many foreign business investors to the UAE. Furthermore, the tax exemptions and simplified business setup processes are other major reasons many investors choose Dubai to incorporate their company.

Additionally, the business-friendly government and state-of-the-art infrastructure, Airport and Seaport, etc., make UAE a perfect trade and logistics hub. So, establishing a presence in Dubai, UAE is highly beneficial for the companies.

By being in UAE, the company can expand their trade operations to international markets easily. Also, there is an availability of a diverse workforce in the region. Furthermore, the high standard of living and lifestyle attracts a lot of international talent to the city of Dubai.

Similarly, there is a vibrant business community ideal for networking, partnerships, and collaborations. Also, there are year-round trade fairs and exhibitions for business promotion in the region.

Steps to Set up a Representative Office in Dubai

There are various steps to follow for setting up a representative office in Dubai. To start the operations in Dubai, the business owner must legally get a trade license from the Dubai Economy or the respective Free Zone.

As the first step, they must attest the parent company documents from the UAE Embassy in the home country. Then, counter-attest the documents from the Ministry of Foreign Affairs in UAE.

Now choose the same trade name as the parent company for the representative office. Add the list of legal business activities they can continue to operate as a representative office.

Then, Submit the parent company documents, and attested board resolution stating the appointment of a Company Director with full power to operate and manage the representative office in UAE.

Also, make the fee payment for the trade license of the representative office in UAE to the licensing authority.  Once the trade license is obtained, start operating the representative office in full swing by adhering to the legal scope. 

Cost of Representative Office setup in Dubai

The Cost of a representative office setup in Dubai on the mainland is approx. around AED 30,000 for a virtual office and 1-year trade license. When more visas and physical office space are required, then, the cost adds up. 

Similarly, in the Free Zone, the representative office can be set up with a virtual office and 1-year trade license at approx. AED 14,900. Again, as we add office space and more visa quotas, the cost will go up accordingly.

Aurion will guide the investors throughout the process of establishing a representative office in the UAE. The team is here to clarify all your queries regarding the set-up of the company. Connect with our expert team to learn more about the things to consider before setting up a Representative Office in UAE.

The post Start a Representative Office in Dubai appeared first on AURION.

For Indians, Dubai, UAE is a second home with many relatives and friends in the region. So, many are shifting their base to Dubai by opening a branch office of their Indian Company.

Also, there are numerous reasons for Indians to open a branch office in Dubai. The improved trade and commerce opportunities, absence of import duty in Free Zones, the favourable taxation, business friendly rules, etc.

How can an Indian Company Open a Branch Office in Dubai?

An Indian Company to open a branch office in Dubai must follow certain procedures. Most importantly, it is the parent company document attestation. The Parent Company must attest their company document from the UAE Embassy in India. 

The parent company documents include the company’s incorporation certificate, article of association, and memorandum of association. Additionally, in requirement of a power of attorney, notarize and attest it also from the UAE Embassy in India.

The shareholders must send the attested documents to UAE for the Ministry of Foreign Affairs (MoFA) Attestation. Furthermore, submit these documents to the respective trade license authority in the Emirate. 

So, there are numerous steps involved in the opening of a branch office of an Indian Company in Dubai. Hence, it is advisable to get in touch with a trusted Business Setup Consultants such as AURION. They have in depth knowledge about the company setup operations in the UAE.

Steps to Establish Branch of Indian Company in UAE 

To establish a branch of India Company in the UAE Mainland, the investor must proceed with their company registration process. They can go ahead with the respective Department of Economic Development (DED) of the Emirate for processing the trade license.

The steps involved in opening a branch office in UAE in Mainland and Free Zone are almost similar. However, the major difference being the change in Licensing Authority.

1. Steps to Establish Branch of Indian Company in UAE Mainland

In the Mainland, it is the Department of Economic Development, the licensing authority that issues the trade license for the branch office. So, to obtain the Trade License, submit the shareholder details and the attested parent company documents to the authority for review.

Additionally, as it is a branch office setup, the shareholders of the parent company in India must also pass a board resolution stating the opening of a branch company in Dubai and appointing a director who is available in UAE to manage the branch office. 

Also, the board resolution must be attested by notary and from UAE Embassy in India, then send it to the UAE for the MoFA attestation. All company documents in India must be notarized before sending it for UAE Embassy Attestation in India to avoid any rejections.

Furthermore, these attested company documents, shareholder details must be submitted to DED Mainland Authorities for review. After making the payment and conducting a review, the licensing authority will issue the branch office license in UAE from the Mainland. 

2. Steps to Establish Branch of Indian Company in UAE Free Zone

So, now when it comes to establishing a branch of an Indian Company in a UAE Free Zone, the steps are almost similar with the only change being the Licensing Authority will be the respective Free Zone.

Also, the branch company in the Free Zone will have all the compliance requirements as per the Free Zone business regulations. The Free Zone branch office will act as a representative or sales office for the parent company in UAE.

Depending on the nature of business operations the branch office can function accordingly. They can hire local employees, appoint a Director, import-export goods to the UAE and more. The Free Zone Branch company can perform all operations as stated in the Trade License.

For establishing an Indian Company Branch Office in UAE Free Zone, the attested parent company documents ( UAE Embassy and MoFA Attested) must be submitted to the Free Zone Authority for review.

Furthermore, make the fee payment and obtain the new Branch Office License from the Free Zone in UAE. When it comes to choosing the right Free Zone, there are various aspects to consider for the business owner.

Depending on their business activity, office/warehouse space requirement, proximity to Seaport/Airport, overall company setup cost, and more,the business owner can decide on which Free Zone to go about.

Benefits of Setting up an Indian Company Branch in Dubai

There are numerous benefits for the business owner in setting up an Indian Company branch in Dubai. For Indians, Dubai holds a special place in their heart as they have many acquaintances here in the city. Moreover, Dubai offers several business benefits for the indian investors such as 

• World Class Infrastructure and Business Ecosystem to grow the business to international level
• Business Support from the Free Trade Zones and Department of Economic Development 
• The Business Friendly Trade Agreements such as the CEPA that promotes bilateral trade
•  Favorable Taxation Policies, e-Governance, ease of doing business in the region
• Well connected by roads, airport/Seaport Cargo Handling Capacity, growing trade and commerce destination of the world 
• Luxurious living, soaring property prices, digital and technological advancements 
• Partnership and collaboration with top-class companies across various industrial sectors, and more

Cost of setting up an Indian Company Branch Office in Dubai

There are various factors that depend on the cost of setting up an Indian Company Branch office in Dubai. However, approx. for a branch office in Dubai Mainland, the cost is AED 28,000 for a trade license with virtual office type setup. When office space requirement, location priority, employment visa, etc., adds on, the cost of setting up a branch office will go up significantly.

Similarly, for opening a branch office in a Free Zone, the cost starts from approx AED 14,900 for a 1 year license with 1 visa quota. The office space, employment visa requirements, etc., adds up to the over cost. Our team of expert Business Consultants will guide you with the right choice of Free Zone at the lowest cost. 

How AURION setup your Indian Company Branch office in Dubai?

AURION is a renowned business setup consultants UAE with more than 17 years of Business Expertise. The team will guide the business owners with the right steps to open a Indian Company Branch Office in Dubai. 

Starting from the document attestation, document submission, to setting up the office in the Free Zone or the Mainland; the team is always here to guide you with the right advice at all instances.

Connect with our expert Business Consultants right away to know more about opening an Indian Company branch Office in Dubai.

The post Indian Branch Office Registration in UAE – Things to Know appeared first on AURION.

Several large and small companies have a wide range of products and services that are dependent on third-party delivery services for its distribution. There are many factors such as technological advancement, rise in disposable income, Internet penetration, more acceptance of online shopping, etc., are driving the positive demand for delivery services in Dubai, UAE.

What is a Delivery Service Company License in Dubai?

A delivery services license in Dubai is the legal document that will enable an entrepreneur to legally operate a delivery service company in Dubai. There are various cost-effective options to choose from for obtaining a delivery service license in Dubai.

Also, various business owners can obtain a Delivery Service License in Dubai. They can go with the respective Department of Economic Development (DED) of the Emirates. Alternatively, they can go ahead with the Free Trade Zones in UAE.

The Delivery Services License in Dubai will help the investor to carry out home delivery services and take corporate orders for document collection, file storage, gift delivery, and more.

What is the Scope of a Delivery Service Company in Dubai?

A Delivery Services Company in Dubai mainly handles a few operations relating to the goods delivery. They can work with partner corporates to deliver the goods and services of the parent company.

Similarly, by obtaining a delivery services license from Dubai, they can work independently for end-customers to deliver flowers, gifts, food items, online shopping products, personal documents, and more.

The scope of operations for a delivery services company in Dubai is huge. They can effectively expand to newer areas of delivery services by leveraging technology and manpower that is available in the region.

Things to consider for a Delivery Service Company in Dubai?

There are a few aspects to consider for a delivery services company before launching their operations in Dubai. The success of a delivery service company largely depends on manpower, technology and customer service.

These three are of paramount importance for a delivery services company in any part of the world to achieve their desired goals. Dubai is a populated city with numerous business and individual requirements, and the operational scalability of a delivery service company is enormous.

The delivery services license in Dubai opens up enormous business opportunities for the investor. They must invest in developing a robust mobile application for the customers and delivery agents to communicate effectively.

Also, set up top-class customer service support for attending to all the customer queries, and train the manpower and the delivery agents with all the latest techniques. Compliant handling remains a very important aspect of a delivery services company.

What are the procedures to get a Delivery License in Dubai?

To obtain a Delivery Services License in Dubai there are certain steps to follow. The process is very straightforward and similar to any other common business license in Dubai. Also, there is no additional approval required for issuing the Delivery Services License in Dubai.

However, to manage the delivery fleet and branding, the investor must obtain approval from the Dubai Municipality. Also, RTA permits for driving Delivery Bikes and Vans to carry goods around the UAE.

The steps to obtain a Delivery Services License in Dubai are the following

• Choose the right business jurisdiction and select the right business activity
• Get the company name approval and collect the documents of the business owner
• Submit the passport copy, photograph of the investor and other documents to the licensing authority
• Prepare the tenancy contract for the office space or warehouse for the delivery service office
• Wait for the document review by the licensing authority, make the fee payment and obtain the Delivery Services License from the authorities.
• Proceed to take a UAE residence Visa and Bank Account for the Delivery Services Company in Dubai

How to the Delivery Services Company Operate in Dubai?

Along with the setting up of the Delivery Services Company. The Fleet Management and technology infrastructure are important aspects of consideration. Above all, it is the delivery agents. Also, a robust payment system is essential for facilitating the transactions.

So, for fleet management, the business must acquire the vehicles as a lease or buy from a dealer. Motorbikes, Delivery Van, cars, etc. For the branding, they must get approval from the Dubai Municipality and a vehicle permit from the RTA, Dubai.

Each Delivery van, Bike, and Car must be fitted with the Smartphone and must have the Delivery Application. It will help the Delivery Service Agents to connect with the customer, activate their location search, facilitate online payments, collect returns, and more.

Similarly, Customer Service is another key component in a Service Delivery Company. They will be receiving numerous calls for order tracking, requesting refunds, product cancellations, and many other concerns.

So, a 24/7 fully operational customer support centre is required to tackle customer complaints instantly and address them effectively. It will add to the trust and credibility of the online service delivery platform.

Who are the Customers of a Delivery Service Company?

The Delivery Service Company will have numerous business-to-business companies that can utilize the services. Several large companies in Dubai require a robust delivery service to ship their products and services to the end customers more efficiently.

The enormous scalability for a Delivery Services Company. With its fleet of vehicles, delivery agents and a fully operational call centre, the scope of its operation is huge. It is an interesting and profitable business model that can be easily scaled up to new geographies.

Large and small hotels, online shopping websites, flower shops, Corporations, banks, Pharmacy, and more can utilize the services of the Delivery Company in Dubai.

How Aurion will help?

AURION will guide the business investors in setting up their Delivery Services Company without any hassle. The team will work with you to obtain the Delivery Services License in Dubai in the most cost-effective and hassle-free way.

Starting from choosing the trade name for your company to establishing an office space, and processing the investor’s and employees visas, the team will handhold you in all stages of operations.

Connect with our expert team of Business Consultants to learn more about obtaining a Delivery Services Business License in Dubai right away!

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This article highlights the reasons why many business entrepreneurs and individuals are moving back to the UAE from other countries. 

UAE has a diverse business ecosystem with super-efficient government, business-friendly policies, top-notch public safety, a luxurious lifestyle, and more. It is a hub for business professionals, millionaires, job seekers, and more. 

Why Choose UAE for Reverse Migration?

Lately, UAE is receiving back many of its previous residents who have moved to Canada, the US, and other countries for different reasons. Many of them are returning to the UAE to make it their permanent home. There are many reasons for the reverse migration. 

The most important reasons are the high taxes, rising prices of commodities, rent, property prices, and dwindling business opportunities. UAE’s business landscape is very mature now with almost 45 plus Free Trade Zones and the Department of Economy of the seven Emirates supporting the business growth. 

Also, there are numerous reasons why UAE is the perfect choice for business professionals and individuals who are seeking greener pastures for them to settle down with long-term goals.

The growing business opportunities, technology adoption, large addressable audience, business-friendly policies, Free Trade Zones, Golden Visas, easy property purchase, favorable taxation policies, and more. 

Common Reasons for Reverse Migration from Canada, the UK, and the US

The higher taxation rates are the major factor that is making the residents in Canada, the UK, etc., move to the UAE. Furthermore, the cost of living, rent expenses, cost of purchasing a property, good health care access, etc., are a few more reasons to look for a haven for many business professionals and entrepreneurs. 

Additionally, the long winters and lack of business opportunities to expand are another major concern. The addressable market in developed countries such as Canada, the US, UK are becoming more price-conscious. Also, the consumer market is being hit hard by inflation. 

Furthermore, job opportunities are also becoming stagnant, and the government is finding it challenging to manage the large influx of migrants through various pathways. Educational institutions are also experiencing a downfall due to a lack of job opportunities for graduates.

Why are previous UAE Residents Returning?

Expats from India, Pakistan, and other South Asian Countries come to the UAE for short-term work on work visas. They mostly come and work for a period of 2 to 5 years for a company and return to their home country or migrate to countries such as Canada, the UK, etc. 

These expats who were once residents of the UAE are now considering coming back to the UAE to settle down here. It is due to the growing business opportunities in UAE and Asian Countries. Dubai real estate is growing at a fast pace and there is an enormous growth opportunity for real estate in the UAE. The country can expand to the sea and the desert. 

So, expats and nationals living in countries such as Canada, the UK, and the US are investing heavily in properties in the UAE. They can benefit from the rental income and as well enjoy the numerous lifestyle options, business reach, and social life in the country.

Additionally, the residents living in Canada pay almost 40-50% of their income as taxes. On top of that, the lifestyle is simple, and day-to-day expenses are very high. On the contrary, in the UAE, there is no personal income tax.

Also, the lifestyle and accessible services in UAE are top-class. Public transport, public safety, e-Governance, digital banking, and more. 

A millionaire’s paradise – United Arab Emirates 

UAE has become the favorite investment destination for all from around the world. More than 1,500 millionaires have moved from the UK to Dubai in the past decade, and the numbers are just going to increase in the coming years.

Dubai, UAE continues to maintain its appeal as an attractive destination for the wealthy. British billionaires may be attracted to the UAE because of financial services, healthcare, oil and gas, real estate, technology, etc. 

Travel and tourism are very strong sectors that attract foreigners to the UAE. Along with that, the economic diversity of the region makes it a perfect choice for entrepreneurs. The Financial District in Dubai (DIFC), the Dubai Multi Commodities Centre (DMCC), the Dubai Airport Free Zone (DAFZA), etc., are world-class Free Trade Zones for entrepreneurs to easily launch and expand their businesses in the UAE. 

Additionally, the UAE has some of the most competitive tax rates in the world, along with Bermuda and Monaco. “The UAE has a world-class healthcare system and many expats choose to receive treatment there.” It is a safe place with a low crime rate and beautiful beaches.

Business Implication for UAE from Reverse Migration

There are many business benefits for the UAE from the Reverse Migration of its previous residents. It will contribute positively to the growth of the economy. There will be more real estate investments and new business registrations in the UAE.

The entrepreneurs and their families will settle in the UAE, they will enroll in the schools and universities in UAE. They will experience the vibrant city lifestyle of Dubai and natural locations of Ras Al Khaimah and more. 

Additionally, for expats from Asia, the UAE is always close to their hearts as it is a shorter flight to see their loved ones back home in India, Pakistan, etc. So, these expats will purchase property in the UAE and bring in their loved ones, they will travel to their home country together, etc.

Furthermore, the new company registrations from residents from Canada, the UK, and the US will boost the overall business landscape of the UAE.

Expert Business Consultants such as AURION will coordinate the complete process of company formation, visa application, emirates ID application, bank account opening, and more. Connect with our expert Business Consultants right away! 

The post Reverse migration from the UK, US, and Canada to the UAE – What to Know? appeared first on AURION.

Also, Beauty Salons are becoming increasingly popular because in the business and work front; grooming is an important aspect.

As physical meetings are still preferred by many of the business personnel in the country, Beauty salons in the UAE are most preferred by residents in the region. This article highlights the steps to get a Beauty Salon Business License in UAE.

Even though the digital infrastructure is very advanced, physical meetings are a part of the UAE culture as well. So creating a first impression is very essential to pitching a deal on the business side. 

Similarly, during job interviews, work-related meetings, meetings with Government officials or other delegates, public functions, trade shows, etc., to create an impression, physical grooming is a crucial aspect in the region. Hence, there is immense potential for a Salon business to prosper in the country.

Additionally, the growing younger population is constantly in the process of meeting people to pitch ideas, close deals, and attend job interviews and other meetings. So, for them to groom and look good, they rely on the salons near their residence.

Opening a Beauty Salon Business in UAE – Things to Know

There are a few things the salon owner must keep in mind before opening a Beauty Salon Business in the UAE. The most important aspect is the location of the salon. It must located in a busy residential area which has a fair footfall and ideally lesser competition around. 

Furthermore, the target audience is another crucial element. Which gender to cater for – Gents Ladies, or Unisex saloons?  Also, what are services to cover? These parameters will differentiate the salon from its competitors.

There are various specialized services that a Salon offers ranging from hair styling, personal grooming, facials, pedicure, manicure, and more. To stand out from the competition, differentiation is a vital component.

The Salon must adapt to the latest trends in the fashion world as well as meet the requirements of the customers. Additionally, on the business front, the salon owner must consider the rent – one of the major expenses.

Then comes furnishing of the saloon interiors, the equipment and accessories, marketing costs, etc., which adds up to expenses to set up a Salon business in UAE. 

Steps involved in opening a Salon Business in UAE

There are various steps involved in opening a Salon Business in the UAE. To start with it is deciding on the business jurisdiction. A Beauty Salon business can be open ideally on the mainland of UAE and an area where the maximum population resides.

A Free Zone is not an ideal choice for a salon, however, if any import-export operations are required, having a Free Zone is a good option. Import Export of private labels of shampoos, soaps, and accessories under the tradename. However, a separate trade license is required for the same. 

1. Choosing a Tradename

Choosing a Tradename is an important step in the opening of a beauty salon business in UAE. The tradename can be trademark registered in the future to maintain brand identity and credibility. The Tradename will appear in the Trade License of the salon in UAE.

So, after confirming the Tradename, select the business activities related to salon and personal care to include in the Trade License. Salon business falls under the services license category in the UAE. After finalizing the business activities and Tradename, apply for initial approval from the respective Economic Department of the Emirate. 

2. Taking a Retail Space 

Furthermore, taking a retail space is essential for the salon business. Also, furnishing the interiors and getting the required supplies for providing haircutting and other related personal grooming services. Hence, the owner must prepare a tenancy contract for their shop. 

Aurion will provide the necessary assistance to the salon owner to get the shop of his desire at the lowest cost and with reduced paperwork. Once the tenancy agreement is in place, submit the tenancy agreement and other shareholder details to the Department of Economic Development of the specific Emirates.

There will be an inspection from the municipality and respective departments to ensure all safety features of the premises are in place.

3. Obtaining the Salon Business License 

After the inspection, the municipality will provide a clearance certification to the Economic Department. Also, all other details regarding the shareholder must be submitted to the DED for review. 

Upon making the fee payment, the Department of Economic Development will review the documents and approvals and will issue the trade license for the salon owner. Now, the salon owner can legally start their business operation in the region.

Business Scope for a Salon in Dubai

In Dubai, there is an immense opportunity for opening a Salon. There are various categories of Salons in Dubai. It ranges from small salons to franchises, to large boutique salons Also, it caters to a diverse audience base. 

There are always large business events, trade shows, weddings, parties, award shows, etc, and the attendees to look good will be visiting the salons and boutiques. Hence, there is a growing requirement for a salon business in the region.

There are several requirements that the salon owner must keep in mind when they take the retail space. A few of the mandatory installations for the salon premises are the following

• Signboard with the trade name 
• Ample lighting, hygienic seating layout, open layout with privacy walls
• Multi-purpose washbasin for hair cleansing, facial treatments, etc.
• Fire insulation and proofing for areas prone to fire disaster
• Electric geysers and storage units to keep electrical gadgets and other types of equipment
• Chair, other furniture, accessories, and supplies 

There is municipality approval required for salon businesses before they start business operations. The authorities will inspect to ensure the safety and other installations and in place the right way.

Aurion will help in setting up the Beauty Salon Business in Dubai in the most cost-effective way. Connect with our expert team of Business Consultants right away!

The post How to get a Beauty Salon Business License in UAE? appeared first on AURION.

They handle all the unique needs and tailor the services accordingly to the interests of the family office. This article highlights the scope of a family office. Also, it covers the steps in setting up a family office in Dubai. Family offices in Dubai will help business owners to manage their wealth in a more specific way.

What is a Family Office?

Family Offices are private firms that manage the wealth of High Net Worth (HNW) Individuals and Ultra-High Net Worth (UHNW) Individuals from around the world. Family Offices in the UAE a separate Companies or an entity. The Free Zones or Offshore jurisdictions in UAE provide the business support to set up a Family Office.

Dubai is a major investment destination for global businessmen. The City is a primary choice for Ultra High Net Worth Individuals to start their family offices to effectively manage their wealth. There are numerous advantages in setting up a Family Office in Dubai.

Why Choose Dubai for Setting up a Family Office?

Affluent families or individuals have their family offices in Dubai to manage their wealth efficiently. These family offices provide comprehensive services including investment management, financial planning, real estate planning, philanthropy, administration, and more.

The administrative and business support services of the Family Office will be to fulfil the business requirements and wealth management needs of large families or high net-worth individuals.

Steps to Setup a Family Office – Things to Consider

There are a few things to consider before setting up a Family Office in Dubai. The business investor or the family must be well aware of the types of family offices, how to structure the entity, rules and regulations to follow, future plans, and more.

So, the business owner and other stakeholders in the Family Office must conduct a meeting and understand the key steps involved in setting up a Family Office in Dubai. Following are a few of the key things to consider before setting up the Family Office in Dubai.

1. Assessing the Family’s Needs

The family’s financial requirements, goals, risk tolerance, succession planning, etc., are important aspects to consider. Having an effective wealth management strategy will help in achieving success for a family office.

Additionally, a clear understanding of the financial resources, operational expenses, other hidden costs, etc., is a requirement. The Family Office must ensure they have enough funds and resources in hand to sustain the office over the long run.

2. Structuring the Entity

There are two ways to set up a Family Office in Dubai. First is setting up a single-family office (SFO), which caters exclusively to one family, or a multi-family office (MFO), which serves multiple families.

The decision depends on factors such as the size of the family’s wealth, the complexity of financial affairs, and the desire for privacy.

The owner can register the Family Office as a normal Company (FZE or FZC) in any of the Free Zones in UAE. The steps in setting up a Family Office is similar to that of any other normal company.

Setting up a Family Office in UAE Free Zones

Register the Company in any of the Free Zone in UAE by getting a Trade Name (Family Name) approval, and deciding on the shareholder pattern (Single Owner or Multiple Owners).

Also, provide the supporting documents (passport copy and photo of shareholders) to the Free Zone authority, choose the family office as business activity (for managing the wealth of the family business), and make the payment.

The Free Zone authority will verify the documents, and the Family Office Business License will be issued by the respective Free Zone Authority.

There are various aspects in a Family Business such as financial transactions, the scale of the wealth accumulation, family members, diversity in the business, etc., that determine the company structure. Also, a single family may have multiple sub-family businesses.

In such cases, the business owner can choose a Multi-Family Office for managing more than one family’s asset.

3. Legal and Regulatory Compliance:

The Family Office in Dubai must adhere to the Free Zone regulations and also the Central Bank of UAE compliance for wealth management. They must ensure that licensing requirements, tax planning, and other compliance with regulatory frameworks are in place.

Similarly, the Family Office must conduct frequent training and educational sessions for its members on the changing regulatory rules and tax laws. Thereby enhancing operational efficiency and remaining educated on the changing industry trends and best practices.

4. Building a Team

A skilled team is the success of a family office. Talents in specific fields of investment, tax planning, legal services, administration, real estate, trust management, etc., support the Family Office. The team will work to fulfil the business goals of the family office.

5. Implementing Technology

Having robust technology and systems to report financial activities, risk management and perform portfolio management is essential in a Family Office. To achieve operational efficiency, the team must leverage technology.

It also helps in performance tracking and enables family offices to make informed decisions and adapt to changing market conditions.

6. Establishing Governance Structures:

The Family Office must prepare a robust Governance System to manage its diverse portfolio. Having a clear Governance Structure helps in maintaining family harmony. Also, it will help in effective decision-making and establish policies, procedures, etc., for enhancing transparency.

Also, having a Governance System will help in promoting transparency and accountability in the family. It helps in the long-term success of the family office.

Also, establishing a family office is a significant undertaking that requires a long-term perspective. Families should have a clear vision for the future and a commitment to preserving and growing their wealth over multiple generations.

Types of Family Offices in Dubai

In Dubai, family offices vary in structure and scope, catering to the diverse needs of affluent families. Some common types of family offices include:

1. Single-Family Offices (SFOs)

SFOs are dedicated to serving the needs of a single family, offering personalized wealth management solutions tailored to their specific requirements. These offices provide maximum privacy and customization, allowing families to maintain full control over their assets and investment decisions.

2. Multi-Family Offices (MFOs):

MFOs serve multiple families, pooling their resources to access a broader range of investment opportunities and shared services. These offices offer cost-effective solutions and economies of scale, making them an attractive option for smaller families or those seeking to diversify their investments.

3. Virtual Family Offices:

Virtual family offices provide remote wealth management services, leveraging technology to connect with clients worldwide. These offices offer flexibility and convenience, allowing families to access comprehensive wealth management solutions from anywhere in the world.

Where to set up a single-family office in UAE?

There are few Free Zones in UAE where a Single Family Office in UAE can be set up. The DIFC Free Zone, DMCC, and Dubai World Trade Center, ADGM, are a few Free Zones that offer the License for a Family office in the UAE.

Free Zones in the UAE offer the business infrastructure to set up Family Offices. It can be registered as a Free Zone Establishment or Company. The Single Family Office can also be set up as an Offshore entity.

To know more about setting up a family office in Dubai, connect with our expert Business Consultants right away!

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