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!

The post Delivery Service Company License in Dubai [ 2024 Guide] appeared first on AURION.

The Cost of a Transport Company License in Dubai starts from AED 28,000 in the Dubai Mainland. Transport companies in Dubai act as the transport providers for many businesses and individuals in Dubai.

A Transport Company in Dubai can be registered in either a Free Trade Zone or the Mainland of Dubai. As the Transportation requirements are mostly within the UAE and often to other GCC Countries such as Oman, Saudi Arabia, etc.; registering a mainland transport company in Dubai will be the right choice.

Where to get a Transport Company License in Dubai?

A transport Company License in Dubai is best to be obtained from the Dubai Economy and Tourism Department. The companies operating in the Transportation sector in Dubai will require special approvals from the Road Transport Authority.

Depending on the nature of the business, transportation route, vehicle in use, etc., the specific permit and approval must be obtained from Dubai’s Road and Transport Authority and Dubai Municipality.

There are various types of transportation-related activities that the transportation company can undertake using the Transport Company License in Dubai. The business owners can get into long-term contracts for vehicle management, fleet management contracts, heavy-duty vehicle management, and more.

What is a Transport Company in Dubai?

A Transport company in Dubai is an entity involved in transporting people and goods from one place to another. In Dubai, there are various types of road transportation services available for the business owner to start a business.

Based on the chosen business activity, the business owner must get vehicle permit approvals from the authorities such as the RTA in Dubai, National Transport Authority for inter-emirates and GCC country permits, Dubai Municipality Approvals for cold storage and refrigeration units, etc.

The Transport Company is involved in numerous activities ranging from people transportation, logistics scheduling, operations management, packaging, re-packaging, etc., depending on the scope of the company operations.

So, the required business activities must be added to the company’s trade license to conduct business in the specific sector. For example, the Transport Company dealing with Car rentals and fleet management must have Car Rental Management as an activity in their trade license.

Transport Company License in Dubai – Steps

To start a Transport Company in UAE, the investor must follow the below steps. The most important aspect of getting a Transport Company License in Dubai is choosing the business jurisdiction and the required business activities.

For transport companies who are mainly focused on delivering services within the UAE mainland and GCC Countries, the best choice is to open a Mainland Transporting Company in Dubai. Free Zones seem to be not a feasible option for transport companies due to office and land availability and the company setup cost.

So, the Dubai Mainland will be most cost-effective as the transport company will require a warehouse or land area for parking their fleet of vehicles when not in operation. Also, the Warehouse facility can act as a maintenance centre for inspecting the fleet vehicles after every trip.

Steps in Obtaining the Transport Company License in Dubai

To obtain the Transport Company License from the Dubai Mainland, the business owner must first register their trade name and get the initial approval. They must also choose the list of business activities, and submit the business owner’s passport copy and photograph to Dubai Economy.

Once the business activities and submitted documents are approved, the Dubai Economy will issue the Transport Company Trade License for the individuals. Now, the business owner can look for the right office space and warehouse facility for the transport company.

The business owner can apply for an investor visa and sponsor employees, apply for a corporate bank account, and more. The Transport Company License in Dubai will enable them to acquire a fleet of vehicles to expand their business reach and gain more transport contracts.

Benefits of Transport License in Dubai

For business owners, there are many benefits to starting a Transport Company in Dubai. They can easily obtain a Transport Company License in Dubai from the Mainland. All they have to do is submit the required documents and apply for special permits depending on their specific business activity.

Many Transport Companies in the UAE are looking for ways to gain long-term transport contracts from large engineering and construction companies. It will allow them to transport laborers from work sites to their camps.

Similarly, there are many large manufacturing companies, Airlines, and IT Service providers where the employee size is large. Transporting them to work and back home is a lucrative business contract for transport companies.

Again, there are large tour companies that handle multiple tours, and transporting them around Dubai and the UAE is another stream of revenue for transport companies. So, there is a large business and individual audience that form an addressable base for a transport company in UAE.

Transport Company in UAE and Business Growth

The business growth potential for a Transport Company in the UAE is enormous. All the business owner has to do is to get a Transport company license in Dubai. The Mainland of Dubai offers the most comprehensive trade license package for the transport company.

After acquiring the transport company license from the Dubai Economy, the business owner can prepare the tenancy agreement for the office space and warehouse unit for their new transport company.

The Warehouses are mostly located in the industrial area sectors of Al Quoz and Al Qusais in Dubai. It is the perfect location to set your base for a transport company. Starting a Transport Company is a lucrative business investment in Dubai as there is a growing demand for reliable transport providers in the region.

Be it large trucks, buses, Mini Vans, Luxury limos, Rental fleets, or heavy equipment transports, everything can be easily maintained as numerous workshops around the industrial area specialize in the repair and maintenance of a wide range of vehicles.

Hence, it will help in keeping the expenses low to a great extent. Also, the warehouse will help to keep the vehicles maintained well during rest times.

So, to start a transport company in Dubai, feel free to connect with our expert team right away!

The post How to Start a Transport Company in Dubai? appeared first on AURION.

There is an immense demand for Forex Trading Companies in Dubai. It involves buying and selling of Currency and currency exchange is having a large audience base in the UAE.

Forex Trading is a regulated market in Dubai. Only with a valid trade license, the shareholders can operate a Forex Trading Company in the region. Individuals can avail of forex trading services via renowned Currency exchange Platform providers in Dubai.

What is a Forex Trading Company in Dubai?

Forex Trading is a network of buyers and sellers that transfer currency at an agreed price. The global markets are volatile and currency fluctuations are inevitable. So companies, individuals, banks, etc., indulge in forex trading to gain profits during the currency variations.

A forex trading company in Dubai will connect customers with international banking networks via an online platform. The forex market includes a global network of banks, spread across four major forex trading centers in different time zones.

It is the London, New York, Sydney and Tokyo. The trade happens 24 hours a day for 5 days. Most common currency pairs are of USD/ EUR, USD/ GBP, and USD/ JPY.

For the currency pair USD/EUR, it is the currency on the left (USD) is the base currency and the right is the quote currency (EUR). So, the exchange rate determines the value of the ‘quote currency’ requirement to purchase 1 unit of base currency. (quote currency rate varies as per current market).

How Forex Trading Work?

There are seven currency pairs that account for about 75% of trading in the forex market. Major currencies are the Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), and New Zealand dollar (NZD).

The Forex Trading Company in Dubai will initiate the trade for their customers in three main ways. There are three options available –

• On-the-spot basis
• Agree on the amount and lock it up for a forward date in anticipation that the currency rate will have a positive impact.
• Buy currency pairs on a future date

The Forex Traders will carry on the Trade as per the investor’s specification and the currency pairs the investor chooses.

Also, there are only a low number of Retail investors or individuals doing Forex Trading due to the high-risk factors. Professionals, banks, fund houses, etc., operate Forex Trading to hedge their returns from currency fluctuations.

Steps in Setting Up a Forex Trading Company in Dubai

Dubai is a perfect place for setting up a Forex Trading Company. Dubai is a meeting point of the East and the West. Also, it is home to more than 200 nationalities. So, currency exchange and forex trading are much more relevant in the financial market of Dubai.

Opening a Forex Trading Company in Dubai is a prospective business idea. Many financial and technology companies set up their branches in Dubai. The financial landscape of Dubai is growing at a dynamic pace.

The entrepreneurs can easily set up a Forex Trading Company in Dubai with the assistance of expert Business Consultants such as AURION.

There are a few steps for obtaining the forex trading license. It is a highly volatile marketplace and is under the purview of the Central Bank of UAE. Forex Traders initiate the Currency Trading through a network of international banks operating across the world.

Investors can setup a Forex Trading company in Dubai either on the Dubai Mainland or any of the Free Trade Zones in Dubai. The entrepreneur who wants to offer Forex Trading Services must obtain the Services License with a specific business activity.

Where to Apply for a Forex Trading License in Dubai?

Forex Trading License in Dubai is available from any of the Free Zones or the Dubai Economy (Dubai Mainland). The Forex Trading License in Dubai is available through the Free Zones such as Dubai International Financial Center (DIFC) Free Zone and Dubai Multi Commodities Center (DMCC).

There is a requirement of special approval from the regulatory authority for processing the Forex Trading License in Dubai.

Also, the entrepreneur must connect with a Brokerage firm to connect with the global markets to start their business operations on full full-fledged basis.

After the review of the application and approval by the authority, the respective business licensing authority will issue the Forex Trading License to the entrepreneur. Now, the investor can start working on their forex company in the UAE instantly.

Why Set Up a Forex Trading Company in Dubai?

There are many advantages to setting up a Forex Trading Company in Dubai. It offers flexibility, easy business setup, security, and, credibility.

Setting up a Forex Trading Company in Dubai will offer the entrepreneurs ample flexibility in terms of doing trade operations. Conduct Forex Trading at any time, anywhere, and without a lot of effort.

It is all done electronically with a laptop or a mobile and an internet connection. The trader with a sound knowledge of the Forex Market can remotely work for their clients and gain profits out of the trade.

There are very minimal clearances in Dubai to obtain the Forex Trading License. The Regulatory Authority will approve the license and the investor must apply for the license through Free Zones or the Dubai Mainland.

The process of applying for the Forex Trading License is straightforward. Expert business consultant such as AURION will assist in the end-to-end setup process of the Forex Trading License in Dubai.

To learn more about opening a Forex Trading Company in Dubai, connect with our expert Business Consultants right away!

The post How to Open a Forex Trading Company in Dubai? appeared first on AURION.

Keeping cars clean is a hassle for many residents especially when they don’t have a covered parking. Hence, they rely on Car Wash Company to keep their cars clean.

Car Wash License in Dubai can be obtained from the Mainland. The Dubai Economy will issue the Car Wash License in Dubai. There are a few requirements to fulfil for setting up a Car Wash Company in Dubai.

How to Setup a Car Wash Company in Dubai?

A Car Wash Company in Dubai will require a warehouse space for installing the required machinery and managing the inflow of cars. Also, under the Car Wash License in Dubai, there are multiple business activities specific to Car Cleaning and Maintenance.

So, the investor must be aware of the scope of their Car Wash Company. Also, they must finalize the portfolio of services they intend to offer to the customers.

There will be car exterior and interior cleaning, polishing, detailing, side windshield tinting, vacuuming, full body wash, automatic wash, and more.

Most importantly, the location of the Car Wash Company is crucial. In the Mainland, the most common place where you can set up a Car Wash Company is in the Industrial Areas where other vehicle workshops and spare parts shops are present.

Then the option available for getting a Car Wash License in Dubai is to get a lease contract through the Petrol Stations operating in the Emirate.

So, to set up a Car Wash Company in Dubai, the best way is to obtain a Car Wash License from the Dubai Economy. It will enable the investor to easily expand their car wash company in the region.

Steps in Obtaining a Car Wash License in Dubai?

To obtain a Car Wash License in Dubai the investor must follow certain steps. It is best to get a Car Wash License from Dubai Mainland. It will allow them to find a cost-effective warehouse in any of the industrial locations around Dubai.

Following are the steps in Obtaining a Car Wash License in Dubai.

1. Choose a Trade Name and Business Activities

Choose an appropriate Trade Name for your Car Wash company as well as the business activities related to the Car Wash sector. With a Car Wash License in Dubai, the Investor can be involved in all types of sales and services related to the Car Wash sector in Dubai.

2. Prepare the documents for the Car Wash License in Dubai

Arrange for all documents required for obtaining the Car Wash License from the Dubai Economy. They will be requiring the shareholder details, investment details, residence visa & Emirates ID (if any), and business plan (optional). Submit the documents for review and wait for the initial approval.

3. Choose the Warehouse Facility or Premises

Look for an ideal Warehouse Facility or Premises for setting up the Car Wash company. Obtain the tenancy contract by submitting the required documents to the respective authorities ( Dubai Economy & Tourism Department).

The location of the Car Wash facility is an important aspect of business sustainability and long-term growth.

4. Obtain the Car Wash License from Dubai Economy

After receiving the initial approval, submit the tenancy contract and other supporting documents along with fee payment to obtain the Car Wash License from the Dubai Economy. The licensing authority (Dubai Economy) will review and process the issuance of the Car Wash License in Dubai.

Benefits of Setting up a Car Wash Company in Dubai

There are many advantages to setting up a Car Wash Company in Dubai, especially in the Dubai Mainland. Most importantly, setting up a Car wash Company in Dubai gives access to a large addressable market and immense flexibility for expansion.

Vehicle owners in Dubai are constantly on the lookout for a trusted Car Wash Company so they can entrust their vehicles for cleaning and maintenance. Dubai is a city of luxury and the automobile market is very attractive due to the absence of road tax.

There are full-sized SUVs sports cars and classic vintage cars on the roads. All of these vehicles require periodic maintenance.

So, there is an intense demand for Car Wash Companies that offer a wide range of services to ensure that vehicles in Dubai are protected from the constant exposure of dust. Having a warehouse or premises in the Dubai Mainland, it is easy for the logistics and delivery of the vehicles.

Furthermore, the Car Wash Business is labour-intensive and requires a substantial amount of investment to have a high-end garage. The skilled labour availability for luxury cars, vintage vehicles, and SUVs is immense in the Dubai Mainland. Thus, ensuring maintenance of the vehicles can be conducted effectively.

Car Wash License in Dubai – Business Scope

Car Wash Business in Dubai has a large business potential in Dubai. It is driven by the large demand arising from the population of Dubai. Also, corporations and businesses in the hospitality, healthcare, manufacturing, etc., require maintaining their vehicle fleet.

So, the business scope and reach of a Car Wash License in Dubai is very vast. Also, the Car Wash business sector in the UAE is very diverse and fragmented. It is made up of a lot of small players with single outlets to branches of 5 and 10. Also, the popular gas stations in the Emirate have their own Car Wash companies on their premises.

Hence, the entry into the Car Wash Business sector is hassle-free. However, to stand out from the competition, the Car Wash Company must differentiate itself with attractive services, products, customer experience, and more. Repeat customers are a key component of the success of a Car Wash Business.

So, customer experience and maintaining consistent quality of services are the key factors that determine the success of a Car Wash Company in Dubai.

Parking Car Wash License from Dubai Economy

Parking Car Wash License is gaining popularity in the UAE. There is a growing requirement for reliable Parking Car Wash businesses in the country. Parking Car Wash License is one of the low-cost business ideas in UAE.

So, a Parking Car Wash License enables businesses to conduct Car Washing activity in mall parking, Dubai Municipality or any other gated or open parking locations. Dubai Economy will issue the Parking Car Wash License to business owner.

They must submit the business owner’s profile, passport copy, photograph application form, and make the payment for the Parking Car Wash License. Our team of Experts will guide you in all the documentation, obtaining approvals, and beyond.

The Car Wash sector in the UAE is highly fragmented. There are only a few known players in the market. Apart from them it is the workshops and service stations who offer the Car Wash services. The Dubai Municipality Approval is a requirement for Car Wash Services in outdoor parking areas.

Mobile Car Wash License from Dubai Mainland

Mobile Car Wash License or Parking Car Wash License is gaining popularity. Maintaining Cars and vehicles in UAE is very important as they are exposed to intense heat, sand, and dust constantly due to desert climate of the region.

So, keeping the Car or vehicles in good condition is a necessity in UAE to increase the life of the vehicle. Constant cleaning and maintenance are required for the vehicle to surpass the dust in the region. The Mobile Car Wash License from Dubai Mainland will benefit the business owner in grabbing the growing business opportunities in the sector.

The Mobile Car Washes are available across shopping malls Parking, Closed and elevated parking lots, public parking, Petrol Stations, and more. To operate a Mobile Car Wash company in UAE, the business owner must obtain a mobile car wash license from the Mainland of UAE.

The business owners can start their small kiosks in the malls or the parking levels with the cleaning staff and equipment. They can get a lease contract from the Mall Management, and approval from Dubai Municipality for operating in the Open and elevated Parking spaces

To learn more about the Car Wash Company License in Dubai, talk to our expert business consultants right away!

The post How to Get a Car Wash License in Dubai? appeared first on AURION.

They will only manage, monitor, and retain ownership of the assets of their branch companies. A holding company in UAE will be acting like a headquarters and will have only administrative functionalities.

The Holding Company will have a board of directors who will decide on the shareholding pattern across the subsidiary companies. Also, they will have provisions to decide on strategic plans such as a merger or sale of a subsidiary or asset, etc.

Opening a Holding Company in UAE – Highlights

A holding Company in UAE can be opened in Free Zones and also in the Mainland. As per Commercial Company Laws, there are certain requirements for opening a Holding Company. The lowest Cost of Opening a Holding Company in any of the Dubai-based Free Zone is around AED 14,900 with a one visa quota.

Across the Free Zones and in the Mainland, the requirements are almost similar for opening a Holding Company. Firstly, the company must have subsidiaries and branch companies to manage.

A holding company can also be registered without a subsidiary subject to certain approvals from the licensing authority.

For example, for real estate ownership, Intellectual Ownership, financial investments, etc., a holding company can be set up without the subsidiary or branch companies in UAE subject to approval.

Benefits of Opening a Holding Company in UAE

The Holding company will only own the subsidiary company and its assets. The management, operations, and income generation are all by the subsidiary company itself. The parent company or holding company will not intervene in any operational parameters of the company.

Holding companies are not permitted to conduct any form of business activities that earn revenue. Activities such as selling, manufacturing, importing and exporting, directly managing assets, etc., must be handled by the subsidiary company only.

Generally, there is an increasing demand for opening a holding company in the UAE from foreign investors having branches and subsidiaries all over the world. It is driven by the many benefits of setting up a Holding Company in the UAE.

Following are a few of the benefits for the investor from opening a Holding Company in UAE.

1. Effective Tax Structuring

A Holding Company in UAE is an effective way of Tax Structuring and protecting the Company Assets. The parent company will have almost 100% control over the company’s resources and assets.

Also, Holding Companies are becoming more popular with the introduction of a 9% Corporate Tax in the UAE. Hence, any restructuring of business must not be aimed at saving tax.

Additionally, opening a Holding Company in the UAE is an intelligent way to channel the company’s wealth and assets to secure them.

2. No Intervention in Business Operations

There is no intervention of the holding company in any of the business operations of the subsidiaries or branch companies. They all operate at their levels and are governed by their leadership teams.

3. Complete Ownership of Shares

A holding company can hold 100% shares of all its subsidiary companies and also own the assets. The Ownership of all the subsidiaries vests with the Holding Company.

Thereby, the investor can limit their losses in case one of the subsidiaries is not performing well. The management of the subsidiary must absorb the losses and there will not be any funding from the Holding Company to the subsidiary in most cases.

4. Own Multiple Lines of Business

By having a Holding Company the investor can effectively own and manage multiple lines of business. Often business activities will be very diverse and will have multiple business licenses such as services, manufacturing, education, etc.

For example, if a business wants to run an educational training centre, offer business consulting services, and enter into the foodstuff manufacturing business. They will have to opt for multiple business licenses and operate the business lines.

So, a holding company will help them to manage all the company assets of their business lines together as a single one. Also, retain the brand name and logo across multiple business lines.

5. Residence Visa and Bank Account

A holding company in UAE is similar to another other company structure. Hence, there is a provision for Zero visas to up to 6 visa quotas or more depending on the Free Zone or mainland.

The holding company can have their visas for employing staff for the head office. Also, the holding company can open a corporate bank account with the business license they have in UAE.

Process of Setting up a Holding Company in UAE

The process of setting up a Holding Company in the UAE is similar to any other company opening process. However, there are a few steps to follow to set up a holding company in the UAE.

1. Choosing the right company structure and business location

The first step in setting up a Holding Company in UAE is to decide on the shareholding structure and no of shareholders/board of directors in the company. Then choose the right business jurisdiction – Free zone or Mainland.

It also depends on the nature of business activity, shareholder preferences, and business requirements.

Opening a Holding Company in the UAE Free Zone vs Mainland

For international trading companies with Free Zone subsidiaries; having a Free Zone holding Company is advisable. Similarly, if the holding company is created for ownership of intellectual property, financial assets, property purchases, etc., a Free Zone seems an ideal choice.

Consequently, for businesses that have a strong presence in the mainland such as hotel chains, retail outlets, trading companies, etc.; it is best to get a holding company opened in the UAE Mainland for easy management and monitoring of the assets.

2. Meeting the requirements

For opening a holding company in UAE, there few requirements set by the licensing authorities. The company structure between the holding company and the subsidiary company must be legitimate. Also, there are a few more requirements to be fulfilled such as:

• Subsidiary companies must have adequate substance to prove they are having real business operations in the UAE.
• Holding company must have a director board for making policies for all its subsidiaries. Also, the subsidiaries must have directors, employees, and office activities in the UAE.
• Furthermore, the subsidiary company must maintain ample capital to operate sustainably, there must be proper contract and service level agreements for knowledge transfer, intra-group services, arms-length pricing, etc.
• The director board must provide the right guidance and directives to subsidiary companies timely to avoid loss in operations.

3. Submitting the documents and Making the Fee Payment for Holding Company License in UAE

Once the company structure is formulated, submit the required shareholder details, a short business profile, investor details, subsidiary and branch details, etc., to the licensing authority for review.

Make the required fee payment along with the document submission. After the review process, within 3 to 4 working days the investor will receive the Holding Company License in UAE.

At this stage, the investor can also take an office space for their holding company. The Free zones have special packages for holding company formation with an office space. AURION will assist you with setting up the holding company with an office space in UAE in the most hassle-free way.

Once the Holding Company License is obtained by the investor, they can proceed to open a corporate bank account. They can also process the required employment and investor visas ( if required) depending on their selected company package.

Opening a Holding Company in UAE will help investors for any future expansion into franchises and branches, as the holding company structure is ideal for better asset administration and management.

Similarly, there are many advantages such as tax savings, internal employee transfers, better control of assets, and more.

To know more about opening a Holding Company in UAE, connect with our expert Business Consultants right away!

You might also be interested in reading this article, Family Offices in UAE.

The post What is a Holding Company in UAE? appeared first on AURION.

Thus, the Manufacturing License in Dubai is the required business license to conduct any regional industrial activities. Also, there are a host of business activities under the Manufacturing License category in the UAE.

What is a Manufacturing License in Dubai?

A Manufacturing License in Dubai is a legal document for conducting any sort of manufacturing activities in the region. So, the investor must apply for a Manufacturing License from the respective Free Zones or Mainland in UAE.

Hence, a valid Manufacturing License in Dubai is mandatory to carry out assembling, repackaging, fabrication, or any manufacturing activities.

UAE’s light manufacturing sector is witnessing growing demand and steady growth over the years. As a result, Dubai is becoming the perfect choice for establishing a manufacturing unit to meet the rising demand. 

All in All, there are many factors that make Dubai the right choice for starting a high investment Industrial Company. Few of them are: 

• Government’s business-friendly policies
• Long-term residence visa
• Low crime rate, improved lifestyle, low cost labor availability
• Financial support from banks
• Top class business infrastructure
• global connectivity & logistics support 

Steps to obtain a Manufacturing License in Dubai

Manufacturing License in UAE is obtained from the Free Zones or Mainland. So, the entrepreneur must follow the below specific steps. Also, depending on the chosen business activity, pre-approvals may be required to conduct the business.

The Free Zones and Mainland offer Manufacturing Licenses in UAE at competitive rates. The process of obtaining a Manufacturing License in the UAE is hassle-free with the help of business consultants. 

The following are the specific steps to get a Manufacturing License in UAE:

1. Prepare and submit the documents to Free Zone or Mainland Authorities. Submit the application form, investor’s passport copy and photograph.
2. Get the trade name reserved for the company and obtain the initial approval from the authorities
3. Choose the right business activity and company structure, LLC Companies are most common in the mainland, and in the Free Zone, it is the Free Zone Company ( more than 2 shareholders).
4. Prepare the shareholder certification, share capital requirements depending on chosen industrial activities.
   Few of the strategic industrial sectors require a minimum share capital of AED 2 million to AED 15 million to allow 100% foreign ownership, else the foreign investor must have a UAE National as the sponsor for registering the LLC company in the mainland.
5. Submit the industrial plan and blueprint, business plan for the operations to the authorities, get the required approvals for the manufacturing unit.
6. Prepare the tenancy contract and required agreements for the operation of the manufacturing units, warehouse, and office space
7. Pay the required manufacturing license fee, other supporting documents, and permits to the authorities to obtain the commercial license.
8. Proceed to obtain the UAE residence visa and opening of the bank account with the new manufacturing license obtained.
9. Start operating the business in UAE from the newly opened manufacturing unit without any hassles.

It is important to note that the steps are mostly similar across the Mainland and Free Zones. However, between the business jurisdictions there are few variations. Few of them are choosing the company structure, getting the pre-approvals, the share capital requirements, etc.

Also, for setting up a Manufacturing Company in Dubai, there is a requirement for land for building an industrial unit or a ready-made warehouse that will house the manufacturing equipment or a custom-made industrial unit that will satisfy the production requirements.

Hence, for all of the above having an Industrial License from UAE Free Zone or Mainland is required. Above all, the investor has to choose the right location based on their precise business requirements.

Why choose Dubai for obtaining a Manufacturing License?

Manufacturing License in Dubai helps investors to start their manufacturing units in the country and scale up production easily. Also, Dubai is a perfect location for facilitating international trading operations. Hence, setting up a manufacturing unit in Dubai, UAE is highly beneficial for investors due to the ease of doing business in the region.

Manufacturing License in Dubai is a lucrative business opportunity for investors. Also, establishing a manufacturing industry using the Industrial License in UAE enables the investors to experience umpteen business benefits such as:

• 100% foreign ownership and full freedom on capital investment and profit repatriation
• No personal and corporate tax, there is only a 5 % VAT in UAE.
• Easy set up of business and obtaining Manufacturing License in UAE
• Long term residence visa and sponsoring dependents
• Subsidized power, water, and other facilities from the Free Trade Zone
• Get Warehouse, land, Office Space from Free Zones and Mainland easily
• Flexibility in expanding the business to local UAE, GCC, and Global Markets

Most importantly, the advanced logistics, growing local demand, top-class infrastructure, and ease of setting up a business make UAE the perfect choice for Manufacturing Units. Also, the Manufacturing License from Dubai enables the investor to successfully build their manufacturing unit in the region. There is a long list of requirements for a manufacturer before setting up an industrial unit.

It includes large warehouses with office space, power consumption requirements, maintenance and service requirements, etc., and UAE is the perfect place with all this available at a lower cost. There are two major business jurisdictions to choose for setting up the industrial unit after obtaining the manufacturing license in UAE. The options for the investors are:

1. Start a Light Manufacturing Industry in Free Zone

There are specialized Free Trade Zones in UAE such as the Dubai Airport Free Zone, Dubai South, Sharjah Airport Free Zone, Hamriyah Free Zone, etc., that offer sophisticated light manufacturing units that are custom build as well as land space for large and small manufacturing companies.

After all, the Free zone Manufacturing License in Dubai is one of the cheapest when compared to global markets like UK, US, Singapore, etc. The Manufacturing License along with a light manufacturing unit or a customized warehouse in Dubai Airport Free Zone costs around AED 145,000 yearly.

Manufacturing License in UAE Free Zones – Key Highlights

The warehouses in DAFZA are of utmost sophistication and build with a lot of customizable options available for the investors to choose from based on their specific requirements. They are perfect for Manufacturing Companies to start their Industrial units. All they have to do is to obtain a Manufacturing License from the UAE Free Zones.

Hence, getting a Manufacturing License from UAE Free Zones will be the right fit for food processing units, steel fabrication companies, automobile, aircraft parts manufacturers, pharma companies, and many more. Also, with plug-an-play office space and warehouse facilities, the Free Zones offer the perfect solution for investors to easily set up their industrial units and start operating the business seamlessly.

Above all, the easy company setup procedures and seamless onboarding for foreign investors to set up their business operations from the next day of receiving the commercial license make UAE Free Zones an attractive choice for obtaining a manufacturing license.

2. Start a Light Manufacturing Industry in UAE Mainland

Starting a manufacturing company in the mainland of UAE is preferred by investors who want to tap into the mainland UAE and the rest of the GCC markets. Entrepreneurs can obtain a Manufacturing License in UAE and setup an industrial unit in the mainland.

Setting up a manufacturing unit on the mainland will help in gaining better control of the company’s operation and jurisdictions, customizing the warehouses, office spaces, and manufacturing setups to the desired level of the company owners.

Also, when it comes to import-export and other company governances, it is the respective Department of Economic Development of the emirate that will act as the governing body. All clearances and special permits have to be obtained from the Department of Economic Development.

Benefits of Starting a Light Manufacturing Industry in UAE Mainland

When it comes to the UAE Mainland there are numerous advantages to setting up an Industrial Unit. The investor gets better control and flexibility to own land and build the project from the scratch.

Also, on the business front, they can partner in Government projects, work with local UAE companies on large projects, and more. Another important aspect is the ability to hire employees without any restrictions on visa quota.

Following are a few of the additional benefits of Starting a Light Manufacturing Industry in the UAE Mainland

• 100% foreign ownership, full profit repatriation, and complete control on the operations
• Flexibility in choosing the office space, warehouse, industrial unit location anywhere in UAE
• Lower maintenance costs in the long run and reduce rents
• Hire more staff and expand as required easily
• Easy access to the airports, seaports, and land transport for shipping products to global markets.
• Hassle-free company setup and bank account opening, processing residence visa, and sponsoring employees

Hence, in a nutshell, obtaining a Manufacturing license from UAE is a favorable choice for foreign investors as UAE offers a host of business benefits and business infrastructure to support the growth of commercial and industrial sectors.

The industrial sector makes up a significant chunk of UAE’s GDP contribution, It is one of the strategic sectors for UAE’s growth. The well-connected transport network, industrial infrastructure, and growing business opportunities are driving the industrial license demand in the region.

Aurion will assist you with the end-to-end Company Formation Process and steps in obtaining the commercial license in UAE at the lowest cost. Connect with our expert team right away!

Contact us Now!

The post How to Setup a Manufacturing Company in Dubai, UAE? appeared first on AURION.

Company License in UAE can be obtained from the Free Zones in Dubai for AED 11,900. Cost varies depending on various factors like the Free Zone location, Number of Visa Quotas, Office Space requirements, business activity selected and more.

The global investors avail numerous incentives from the UAE Government, Free Zone authorities, and Banking Partners. Opening a new company in the UAE is very straightforward and follows certain steps.

Business Consultants will guide the investors throughout the process of setting up a company in the UAE. There are numerous options available in UAE to set up a company.

The Free Trade Zones are the most preferred choice among foreign investors mainly due to the 100% foreign ownership of the company.

Procedure to Obtain Company License in UAE

There is a series of steps to follow for the investor to obtain the company license in the UAE. Taking the assistance of an expert Business Consultant in UAE helps to obtain the company license without any hassle.

1. Fix a tradename for the company. Follow the right naming practices specified by the Free Zone guidelines. AURION will guide investors in choosing the right tradename for their company
2. Select the specific business activities based on the nature of business from the activity list
3. Finalize the Free Trade Zone, Office/Warehouse Spaces as per requirement
4. Submit the Passport Copy and Photograph, Application Form to Aurion. Our team will coordinate the company setup process for you.
5. Make the required Fee Payment to the Free Zone and obtain the Company License and other supporting documents from the chosen Free Trade Zone in UAE.

The Company License is the legal document that states the whereabouts of the newly registered company. It is valid for 1 year and is subject to renewal every year for nominal fees.

For legally conducting business in UAE as well as operating a business without any hassle internationally; having a trade license is mandatory for the investor.

Especially with new regulations globally, legitimate businesses with valid trade license is a requirement to avoid any blacklisting or fines by local as well as international governing bodies.

Company Setup Tips for Entrepreneurs in UAE

Here are a few tips for UAE entrepreneurs to successfully keep their businesses afloat. To surpass the turmoil and market volatility caused due to the pandemic, war, etc., can be achieved by following the below steps.

1. Conduct a Feasibility Study

Thoroughly understand the market for the newly developed products or services. Learn more about the competitor’s product offerings, gaps in the market, shortcomings of the products, and more.

Conduct an extensive feasibility study for the business and prepare the action items to enhance the product and service efficiency. Gaining customer satisfaction and the ability to provide a positive customer experience will help businesses succeed.

2. Study the Environment

Monitor the market environment frequently, analyze the industry conditions and have a future roadmap to progress the right way. Meeting the market demand through engaging products & services is a result of a market study.

Change the operations by understanding the strengths and weaknesses. Take the required corrective actions accordingly. Chart out a plan to mitigate the risks and monetize the opportunities.

3. Maintain Positive Cash Flow

A company that is starting must be having a very close watch on the cash flows. Initially, it will be quite challenging to maintain a positive cash flow for startup companies. There will be numerous expenses involved in running the company.

However, eventually, as the business is sustaining the impacts and serving more customers, the cash flow must turn positive. Else, rethink the business model to generate more cash flow to keep the company afloat.

4. Know Free Zone Benefits

The Free Trade Zones in UAE is a perfect choice for starting a new business. Obtaining a Company License from UAE Free Zones are very beneficial for investors.

Depending on the specific business requirement, the investor can choose from over 40 plus Free Trade Zones.  There are a host of cost-effective company setup packages on offer from the Free Zones.

Hence, investors must make an informed decision on which Free Zone, company setup package, and office space to choose for setting up their new company.

5. Networking

Networking is an important practice for the success of the business. The business owner must invest time to network and build new connections to convert them to customers.

It helps in expanding business in all areas and keeping a close look at the market situations and customer feedback. It helps in retention and repeats purchases as well as a gain competitive advantage.

6. Reduce Setup and Operating Cost

Financial planning is an important aspect for a company to sustain and grow even amid uncertainties. The investor must keep the initial company setup cost low as well as reduce the operating cost.

The company will incur costs in all forms and the investor has to be mindful in all their transactions to keep the company running at all stages. Emergency funds are necessary for organizations to face unexpected events such as a Pandemic, Revision, war, etc. 

7. Good Communication Across Team and Third-Parties

Communication across the team and the third parties i.e, suppliers, contractors, customers, and other related parties is crucial. Similarly, the investors must convey the enterprise goals to all the employees working in the firm.

Team communication enhances business productivity and drives customer engagement. Ultimately, the business goals of the organization will be achieved by the employees who share the same values as the company.

8. Long-term Objectives and Strategies

Start-ups and newly formed companies must have a defined business plan and a long-term business objective. The top management must be crafting strategies to keep the business afloat for a longer duration with positive cash flows.

A sound management team will help in delivering higher business productivity and business growth by guiding the employees the right way.

Hence, in a nutshell, investors can follow the above steps to keep their company striving ahead to achieve their business goals.

Reach out to our expert team of Business Consultants to know more about Setting Up a Company in UAE in the most cost-effective way.

Read more about “Special Business Licenses for Mainland Company Formation in Dubai“.

The post How to Get a Company License in UAE? appeared first on AURION.

This blog will highlight the steps in obtaining an Accounting Business License in Dubai, UAE. So, let us get started. Obtaining an Accounting Business License in Dubai will help entrepreneurs legally conduct accounting, bookkeeping, auditing, and tax consulting services for clients in the UAE and globally.

Demand for Accounting, Auditing, and Book keeping Companies in UAE

There is a constant requirement for professionals in the fields of accounting, auditing, tax consulting, banking, and finance in the UAE. This is due to the large volume of business transactions and deals getting signed and approved in the UAE.

Also, to add on to that the tax structure in the country is very favorable for expatriates working and doing business in the region. UAE has over 200 nationalities working in the country. It is a global hub for trade and finance.

Hence, for the companies operating in the region having financial reporting is essential to track their operating expense and revenue from the business operations. So, they require accountants, auditors, or tax consultants to check their accounts and authorize the financial transactions on a daily basis.

Also, in a few services-based activities such as management consulting conducting an Independent annual audit is mandatory as per the regulatory authorities.

How to get an Accounting Business License in Dubai?   

The Accounting Business License in Dubai can be obtained by the entrepreneur without any hassle from the Free Zones or the Mainland of Dubai. Various factors determine the choice of the business owner whether to get the Accounting Business License from the Free Zone or the mainland.

A few of the main factors that determine the selection for setting up the business are the rent, overall business setup budget, office space requirements, investor’s personal preference, available business facilities, etc.

Expert Business Consultants at AURION will assist in obtaining the Accounting Business License in UAE by studying all your business requirements precisely.

To obtain an Accounting Business License in Dubai, it is advisable for the entrepreneur to have a financial background and expertise in the field of accounting, taxation, or business management.

The professional expertise of the investors helps in faster obtaining the Accounting Business license to start operating in UAE. There is a vast scope for entrepreneurs with an edge over numbers. The requirements of accounting and book-keeping services, financial management, stock trading, and trade finance. Investment strategies, etc., are driving the demand for an accounting firm in Dubai, UAE

Steps in Obtaining an Accounting Business License in Dubai

An accounting business license in Dubai will permit the business owner to conduct activities related to cost accounting, bookkeeping, auditing, etc. They can provide these business activities as part of the service portfolio.

Professionals in the field of accounting, auditing, finance, etc., can become shareholders and start an accounting business in UAE without any hassle. They can take a small office space to accommodate the staff, conduct client meetings carry out auditing, book-keeping, and accounting projects on site.

One of the advantages of starting an accounting business license in Dubai is the projects can be handled remotely and without an office space if the investor wishes to do so. The Free Trade Zones in UAE provide a virtual office package at a comparatively low cost. In Dubai-based Free Zone DSO-IFZA, the accounting business license with 1 visa and virtual office can be obtained at AED 14,900.

Obtaining an Accounting Business License in Dubai – Details Explained

There are a few steps in obtaining an Accounting Business License in Dubai. In the Free Zone and Mainland of Dubai, the company setup steps are almost similar with few variations in the process.

The first step is choosing a name for the company and selecting the list of related business activities to add to the Accounting Business License. Secondly, choose the right Free Zone or go with the mainland of Dubai. Now, proceed to obtain the initial approval from the respective business licensing authority.

At this stage, the business owner has to submit the application form, and professional CV, and make the fee payment for obtaining the Accounting Business License in UAE. Depending on the business requirements, take an office space and get the tenancy contract for the same.

Obtain the Accounting Business license and other company documents, start operating the business at full capacity, and scale up seamlessly.

Cost of Starting an Accounting and Auditing Consultancy Company in UAE

The cost of starting an auditing and accounting company in UAE Free Zones starts at around AED 14,900. The business owner will get a 1 Visa quota company license package with a virtual office in Dubai.  The investors can apply for a UAE residence visa under the company.

They can hire more employees when required and scale up the company by taking large office space. Having an office space for Auditing and Accounting Company will enhance the credibility and help in gaining new customers easily.

Why Choose Free Zone for Obtaining an Accounting Business License in UAE?

The Free Trade Zones in UAE come with a lot of benefits. There is 100% foreign ownership, world-class services, networking opportunities, cost-effective office packages, and more. Obtaining an Accounting Business License from the Free Zone helps investors easily start their business operations.

Free Zones are the perfect choice for investors to set up their Accounting Company and obtain a Professional license to conduct accounting, auditing, & bookkeeping activities. As most of the companies in the Free Zones will be foreign-owned, having a presence in a Free Zone will help the accounting firm quickly build a client network within the Free Zone and outside.

Why Choose UAE Mainland for Obtaining an Accounting & Auditing Company License?

Starting an Accounting and Auditing Company in the UAE Mainland is a prospective choice for business owners. There are a lot of advantages to obtaining an Accounting and auditing Company License from the UAE mainland.

The 100% expatriate ownership in the Mainland is a major highlight for an investor to set up their offices on the mainland. The flexibility to hire more staff, expand office spaces, and open new branches seamlessly makes Mainland Company Setup a preferred choice among investors. 

Opening an Accounting and auditing Company in the mainland of Dubai will enable the investor to be in proximity to the business centers such as Business Bay, Sheikh Zayed Road, Internet City, etc.

Corporate Tax and Requirement of Auditor / Tax Consultant

UAE has introduced a 9% Corporate Tax for all companies that have a net profit of AED 375,000 or above. There are certain exemptions upon meeting the criteria. However, all companies that are operating in the UAE must now maintain their accounts.

The Tax Consultant or Auditor will advise the companies on how to proceed with the Corporate Tax registration and filing of returns. Also, about the tax exemptions that are available for companies depending on their nature of business.

Hence, there is a growing opportunity for Auditors, Accounting, Tax Consultancy businesses, professional auditors, tax consultants, etc., to start an accounting company by obtaining a professional services license from the Free Zone or the Mainland.

Why Do Companies in UAE Need an Auditor?

Expatriates from Europe, India, etc., having business in UAE can avail of the Double Taxation Avoidance Agreement and save filing taxes on income earned in UAE in their home country.

Similarly, for companies operating in UAE, there is a requirement to pay 5% VAT, submit an economic substance regulation report, Ultimate Beneficiary Ownership, and special excise taxes depending on the business activity.

Hence, there is immense scope for an accounting and auditing company in the UAE to prepare audit reports, coordinate with VAT, Corporate Tax Registration and filing, and more. Companies and individuals in the UAE are constantly on the lookout for a trusted tax advisor or accounting Services Company to manage their finances.

Register as an Auditor in UAE

Once the professional license is obtained, the company can demonstrate its expertise in the fields of finance, accounting, and taxation. Create a website and include the financial expertise of the team. Conduct webinars. trade shows, and industry meet-ups to strengthen their position in the financial and auditing industry.

Ready to obtain an Accountancy, Book Keeping, and Auditing License in UAE

AURION is one of the best business setup consultants in the UAE. The team will provide the right company formation package. An Auditing and accounting firm in the UAE is a prospective business opportunity due to the availability of numerous companies operating in the region.

Also, with the introduction of a corporate tax of 9% in June 2023, there will be enormous opportunities for Auditing and Accounting companies in UAE.

To know more details about Obtaining an Accountancy, Audit, Book Keeping License in the UAE, connect with our expert team of Business Consultants right away!

The post How to get an Accounting Business License in Dubai, UAE appeared first on AURION.

UAE is no 2 in Safety Rankings as per a new report from Numbeo. The Survey Analysis considers various factors to arrive at the ranking. Public safety, crime levels, burglary rate, etc., are key factors for Numbeo’s Safety index for the ranking.

It is the right time to choose UAE to establish a business. There are multiple factors that make UAE the right choice. The business-friendly laws, future growth plans, growing business infrastructure, and improved lifestyle. Also, the low taxation, 100% foreign investment, and many more.

Investors have several options for successfully setting up their company in the UAE. There are two popular business jurisdictions in the UAE. It is the Mainland and Free Zones. They offer various business licenses and attractive business setup packages for investors.

Various options to choose for starting a business in UAE

The investors have various options to choose from for starting a business in the UAE. There are business jurisdictions, numerous company formation packages, visa requirements, etc., to look at before finalizing the company package.

Entrepreneurs can obtain a trading license in UAE and conduct specific business activities. They can also indulge in Import export business in case looking at an international market expansion.

Additionally, entreprenuers can look at starting a company in UAE as a branch or subsidiary. The investors can setup a company in UAE with the assistance of an expert Business Consultant such as AURION.

They will help avoiding any hassles in the incorporation of the company. Also, provide clarity on the business laws and regulations for successful business operations in the UAE.

Let us look at the various options to choose for starting a business in UAE for a foreign investor. The following options will enable the investors to setup a company, work and live in UAE. The entrepreneurs can obtain the company trade license, company documents, and residence visa. They can get the residence visa for themselves and family under the company. Thus, enabling them to stay, live and work in the UAE for a longer period.

1. Get a Trading License in UAE

Getting a Trading License in UAE is the right way for global investors to set up their businesses in UAE.

A trading License enables investors to conduct trade operations in UAE and abroad by setting their base in UAE. The country offers advanced business infrastructure and logistics support for the business owners.

Also, there is a large consumer market for the trading companies to successfully operate and become profitable easily.

2. Start an Import Export Company in UAE

Foreign investors can start an import-export company in UAE . They can easily reach out to the Middle East, Asia, and European market. Establishing a company in UAE is a straightforward process.

Depending on the business activity, a few businesses require additional clearances from the authority. For starting an Import Export Company in UAE, the investor has to apply for customs registration. Then, obtain the import-export code.

There is immense potential in trade and commerce operations in UAE. The Free Trade Zones have customs duty waived. So, for all imports into the Free Zone, the trading company doesn’t have to pay customs duty.  Also, certain Free Zones in the UAE have an in-house Customs Department. It will allow for easy clearing of goods to and from the Free Zone.

To know more read: Import Export License in UAE.

3. Start a Branch or Subsidiary

Foreign investors having a parent company abroad can open a branch or subsidiary in the Free Zones or Mainland of UAE. They can do it with minimal documentation and clearances required.

The foreign business owner must attest the parent company documents from the UAE embassy at their home country. Also, counter-attest the documents in UAE from the Ministry of Foreign Affairs and Ministry of Economy.

The investors can operate the branch company by being in Dubai and hiring employees for work. Get the Tax Residence Certificate from UAE and get the benefit of double taxation avoidance.

To know more read: Branch of a Foreign Company

4. Start a Free Zone Company

Free Zone is the most preferred business jurisdiction in the UAE for establishing a company. There are more than 45 Free Trade Zones in UAE offering various business licenses at cost-effective packages.

Free Zones companies are essentially onshore resident companies. The investors can have physical office spaces and employees under them on company visas. The Free Zones offer a lot of attractive business infrastructure to investors. They have shared offices, executive offices, and warehouse space at a cost-effective rate.

Investors can easily register their company with minimal documentation. There are more than 2000 business activities the free zone is offering to the investors. Based on specific requirements the investor can choose the Free Zones across UAE for starting their business.

5. Get a Mainland Business License

The Mainland of UAE is a perfect choice for entrepreneurs looking at large-scale business requirements. For example, a Large manufacturing unit would require several business resources to operate. There more flexibility in the Mainland for obtaining large warehouse spaces, retail expansion, and local market penetration.

For Commercial trading activity within the mainland, the most popular legal structure is the Limited Liability Company. Here the liability of a shareholder against any claims or damages is limited by the value of shares held in the company.

Registering a Limited Liability Company in the UAE Mainland enables the investors to obtain a trade license in UAE. Also, take office space, and apply for a residence visa. expand their company into a new branch, and more. Professional Civil Work company is the legal structure for professionals to set up their company on the mainland.

In a nutshell, the mainland of the UAE allows investors to easily expand their business. UAE Mainland companies achieve business growth quickly. They offer great flexibility in terms of conducting trade operations and expanding rapidly to new markets.

6. Apply for Long Term Residence Visa

Investors can apply for Golden Visa under various categories depending on their eligibility.

1. 5-Year Long Term Visa [ Currently Unavailable]

Investors can apply for a 5 year long term visa. They must have an investment in a business or startup project with worth more than AED 5 Million. Or have company shares worth AED 5 Million or above.

Similarly, an investor is eligble for the 5 year visa if they purchases property worth AED 5 million or above.

Read more to know about 5 Year Long Term Visa.

2. 10 -Year Golden Visa

Also, specialized talents, innovators, media professionals, creative minds, etc., can apply for the Golden Visa valid for 10 years.

Also, investor with AED 2Million Property Value can apply for a 10-Year Golden Visa. However, there is a set of requirements to be fulfilled by the investor to be eligible for the visa.

UAE is transforming itself into a business-first and family-friendly destination. It is triggering global investors to establish a business in UAE and settle down with the family.

To know more details, read about: Golden Visa in UAE

How Growing Business Infrastructure supports Investors in UAE?

Hence, in a nutshell, UAE is a perfect destination for foreign investors to set up a company. There are multiple options available for entrepreneurs to establish and grow their businesses in the country. There is a growing business infrastructure in UAE that supports the investor’s business growth and daily business operations.

A company can be set up in UAE’s Top Free Zones for a cost of AED 11,800 ( zero visa quota). Thus, making UAE a low-cost company formation destination for investors.

The investors can take an office space and take a residence visa under the company. They can upgrade for a fee based on the business requirements.

To know more about ‘How to start a company for foreign investors in the UAE?‘, talk to our expert Business Consultants right away!

The post Business Choice for Foreigners in UAE appeared first on AURION.