With one of the busiest airports in the world and the largest man-made seaport in Dubai, the country is on a fast pace of development. It’s a wise decision for investors to set up a business headquarters in UAE as it is becoming a popular trade hub of the world.

Company Incorporation and Role of Business Consultants in UAE

Business Consultants in UAE assist the investors in the process of company incorporation in the region. There are various options in UAE for setting up a company. The 45 plus Free Zones in UAE offers more than 1000 business activities.

Hence, often the investor is confused when it comes to selecting the right option to establish their business. This is where the role of a Business Consultant becomes vital.

Also, the Business Consultants in UAE will ensure investors the right company registration process. The company in UAE must be set up the right way and comply with all the company laws and regulations.

For entrepreneurs who are new to business setup in UAE will be overwhelmed by the process of applying for clearances, getting approvals, applying for a residence visa, bank account, etc.

In such instances, getting assistance from an expert Business Consultant will help entrepreneurs to easily kick start their business journey.

How Business Consultants help an entrepreneur in Setting up a Company in UAE?

The role of Business Consultants in the process of setting up a company in the UAE is crucial. They help the entrepreneurs in many ways. Here are some of the key areas where consultants will handle it efficiently.

Hiring a business consultant to establish a company in the UAE allows investors to grow and add more value to their organizations. The best part of hiring a business consultant is that they can assist with developing growth-oriented strategies and have a plethora of experience in establishing a company.

In that regard, AURION can help investors establish their company in UAE with expert knowledge and all the crucial information regarding procedures to start a company in the UAE.

1. Result-driven Expert Advice

Starting a business requires a lot of knowledge and experience to make it hassle-free. Furthermore, investors may not have enough information to start it themselves. Sometimes, they may even miss out on certain facts and then have issues with establishing their company.

That’s where the role of business consultants comes in. They help investors effectively establish the business since they have a solid perspective of the local market and the competitors.

Furthermore, they can also guide investors through the benefits and risks of the business they are trying to establish.

2. Efficient Handling of Legal Matters

As the UAE legal system is the backbone for starting a business in the UAE, it’s crucial to comply with all the legal procedures. Whether investors want to opt for mainland, offshore, or free zones for opening a company, each has its regulatory authority.

Hiring a business consultant means they will also inform and guide about the laws applicable to companies, establishments, and employees in UAE.

Furthermore, they will educate about all the legal requirements and formalities, allowing them to carry out the business setup process smoothly. Not only that, but they can also help with the risks and options available while setting up a business.

3. Better Understanding of Business Jurisdictions

The UAE has different business jurisdictions with different rules, regulations, and laws. Investors need to comply with all these, which require professional assistance.

Furthermore, if these rules aren’t taken care of correctly, there may be certain penalties. A business consultant helps investors understand the legal structure and provide valuable advice.

1. Company Formation Application

Submitting the application form with the supporting documents is the first step in company formation.

The Business Consultants will provide accurate information on the latest business setup packages of various Free Trade Zones in UAE and the mainland packages to the investor. 

Depending on the business requirements and preferences of the investor, the business consultants will proceed with the right choice.

2. Choosing the Business Type

Based on the number of shareholders, nature of business, the business type must be chosen. In Free Zone, there are two major business types FZE (Single Owner Company) and FZC (Two or more Shareholders).

Few Free Zones in UAE have Free Zone -LLC (Limited Liability Company) business type and Dual Licenses. Expert Business Consultants will provide ample information about the various business license types with the investors and proceeds with their selection accordingly.

Also, depending on the nature of the business activity the type of business license must be chosen. Businesses in UAE are categorized into commercial (Trading, General Trading), industrial (manufacturing), services, eCommerce, etc.

3. Choosing the Office Type

Choosing the office space is an important step in the company formation process. The Business Consultants will ensure the perfect office space depending on your business requirements.

The Free Zones in UAE offer customized office spaces on their premises. Free Zone Companies will have to choose an office within the Free Zone. To move to the mainland, the company must be having a registered branch office.

Free Zones in UAE have various office types ranging from Flexi-Desks and shared Office Spaces to executive Offices with fully customized interiors (25 sq.m, 50 sq.m). Also, there are warehouses and light manufacturing units that are ideal for small-scale manufacturing industries.

4. Obtaining Clearance and Approvals

Based on the business activity chosen by the investor, there is a requirement for special approvals from the Government Departments, municipalities, and other Government Authorities.

For example, aviation companies to start their business operations, require the approval from Civil Aviation Authority in UAE. Similarly, all construction Contacts in Dubai must be approved by the Municipality of Dubai. Business Consultants will help investors in obtaining the clearances on time to ensure smooth business operations.

5. Obtaining the Business License

The business license is obtained from the respective Free Zones upon submitting the required documents of the shareholders, the approvals, and the fee.

The Business Consultants will handle the whole process of company formation in UAE across various Free Zones and the mainland. The investors can focus on their core business strategy while the administrative work will be taken up by the Business Consultants.

6. Assessment of Costs for Business Setup

Investors can incur high costs while establishing a company in the UAE if it’s not directed properly. The cost can include business setup assistance, visa attainment, liquidity & sponsorship services, or business support.

In addition, the business jurisdictions in the UAE have their legal processes, laws, documentation, office space structure, etc. All these have different types of costs. Depending on all these, only the registration can cost you around 9000-15,000 AED.

However, one may not be aware of all the costs that may come up at each stage. In the end, investors may have to expend more than they calculated just because they were unaware of a certain type of cost. Business consultants ensure that it doesn’t happen. They can help investors with an exact assessment of the business setup costs.

7. Compliance Process for Business Operation

The business compliance in UAE is tighter with the newly amended Economic Substance Regulation and Ultimate Beneficiary Ownership Declaration, Anti Money Laundering declaration, VAT Registration, etc.

Hence, all new and existing businesses registered and operating in UAE must file for all of the above compliances. This is where Business Consultants will be helpful.

They will assist and coordinate the filing process and maintaining the deadlines and taking action at the right time. UAE Government has strict regulations and fines for the defaulters, hence companies must be well aware of the compliances and the after-effects of violations.

8. Business Support Services

Business Consultants provides a host of Business Support Services such as Resident Visa Processing, Bank Account Opening Assistance, customs registration, document attestation, document delivery, driving license, and more. Clients can use the services on the go depending on the requirements.

9. Company Closing

Company Closing procedures are very structured and a mandatory process in UAE. Investors must follow the company closing procedures and settle all dues of the company.

For the investor to return to UAE on a later day or start a new business here, the termination of the existing company the right way is essential. Business Consultants will help in closing the company the right way by following all the procedures and getting all the required clearances.

Hence, in a nutshell, Business Consultants form an integral part of the business setup ecosystem in the UAE. Business Consultants, Free Zones of UAE, and other Government entities all make up the business setup ecosystem in the region.

To know more about the Company Formation Process in UAE, talk to our expert business consultants right away!

Contact Us: Aurion Business Consultants

The post Why Choose a Business Consultant in UAE for Company Setup? appeared first on AURION.

Also, for certain apartment types, there is always a demand in UAE. Additionally, the properties in the hospitality sector is an investment area that is considered a profitable in Dubai. Generally, the Rental returns are assured in Dubai despite the downtime and falling property prices globally.

Start a Real Estate Company in Dubai

Real Estate companies in Dubai have certain procedures and requirements to follow. These are entities that involve the buying, selling, and renting of apartments, villas, townhouses, commercial buildings, etc., in UAE.

Depending on the shareholder pattern the company structure for the real estate company in Dubai must be chosen accordingly.

There is a growing demand for real estate properties in Dubai and there are many active real estate projects that are nearing completion. The real estate landscape in Dubai is currently in a boom period.

The 1 bedroom and Studio Apartments will be always in demand across UAE as most of the employed expat community in UAE stay in such apartment types. While their family will be in their home town. Hence, there is immense potential for a Real estate company setup in Dubai.

Real Estate Agency – Suitable Company Structures in Dubai

There is a boom in the real estate business as the market is on an upturn. So, a real estate company setup in Dubai is beneficial for the business owner. Depending on the number of shareholders and business authority, there are multiple company types available in UAE.

A real estate company can be set up as any of the below company structures:

• Sole Proprietorship
• Limited Liability Company
• Civil Company
• Free Zone Establishment

For real estate brokerage, the company or individual must obtain a certificate from the Real Estate Regulatory Authority (RERA) under the Dubai Land Department. The Real Estate License and the agent registration number is issued after attending a course from RERA.

Real estate company setup in Dubai involves a series of steps that the investor must follow. It is best advisable to seek the assistance of an expert Business Consultant for setting up a real estate company in Dubai.

How to Get a Real Estate License in Dubai?

Real Estate is a prospective business category in the UAE. It is a key industry that contributes to the economy of the UAE. Getting a business license is a mandatory requirement for a real estate company setup in Dubai.

There are various business activities in the broad real estate sector. Depending on the investor’s preference and business background, they must choose the right business activity for starting a real estate company in Dubai.

Property Management License in Dubai is one of the most popular business license categories in the real estate sector. The Property Management License in Dubai can be applied from Dubai Economy or any of the Free Trade Zones in Dubai.

Property Management License covers a wide range of business activities ranging from:

• Contracting with Clean-up, Maintenance, Security Companies
• Administration Requirements Provider for Real Estate Space
• Real Estate Broker Arrangements, and more.

UAE Commercial Law and RERA the regulatory arm of the Dubai land Department aims to offer complete security to the investor when it comes to real estate related transactions in Dubai.

Similarly, a real Estate Brokerage is a preferred business license by investors who wish to conduct real estate transactions in UAE. The real Estate Brokerage Business involves a large number of transactions.

It can be formed as 100% foreign ownership in the Mainland as per the new amendment. However, to reduce the risk of ex-pat investors absconding with huge sums and misusing the license, a UAE national can be added as a shareholder or as a local service agent.

Procedures Involved in Obtaining a Real Estate Business License in Dubai

There are many procedures involved in real estate company setup. Among that, obtaining a real estate business license in Dubai is the most important step. Furthermore, adding the shareholders and appointing managers are an important step in the real estate company setup in Dubai.

For expatriates and Foreign Investors, a professional business license can also be obtained from a Free Zone and can easily set up a 100% owned company without any hassles.

Get associated with an expert business consultant in UAE to register your property management. real estate business.

Types of Real Estate Business Activities in Dubai

There are various types of real estate business activities in Dubai, The real estate brokerage is a popular one among them.

The Real estate brokerage in UAE has two different groups – Real Estate Leasing, and Real Estate Buying & Selling Brokerage. The role of Real Estate Brokerage is working as a link between landlords and tenants regarding property lease against the amount.

The buying and selling brokerage involves real estate property purchases between the owners and buyers.

Procedures of a Registration of a Real Estate Company in Dubai

A real estate company in Dubai can be registered by following the below procedures. In the mainland of Dubai, the real estate company setup is governed by the Dubai Economy, Dubai Land Department, and the RERA.

Business owners can follow the below steps to register their real estate company in Dubai and obtain the Real Estate business license from the respective trade licensing authority.

1. Confirm a Trade Name

Choose the tradename and get the name approved by the Dubai Economy. It is the first step in company formation.

2. Initial Approval Request

Submit the required application form, supporting document – investor passport copy, photograph, etc., and get the initial approval from the authorities.

3. Approval from Real Estate Regulatory Agency (RERA)

For opening a real estate company, the investor/director/manager must appear for the RERA Course and pass the test.

Once the approval certificate from RERA is obtained, the official contract and other agreements can be prepared accordingly.

4. Legal Documentation

Once the initial approval is received and the RERA Certificate is obtained, the investor can choose the required office space and the tenancy contract can be prepared.

In the case of an LLC Company Structure ( Companies with more than one shareholder), the memorandum of association is to be prepared by the investor.

Also,  the partnership agreement for the LLC Company must be made ready.

5. License from DED

All investor documents along with the MOA, RERA Approval, tenancy contract, etc., must be submitted to DED to obtain the real estate license from the authority.

The cost of a real estate business license from DED is approx. 25000 for services license.

6. Registration with RERA

Register the company with RERA to obtain the RERA Registration Certificate. Submit all the required documents to secure the Registration Certificate.

Documents to be submitted:

The following documents are required to be submitted to RERA for the Approval of the Real Estate Business Company operations in Dubai.

• RERA Application Form
• DED Business License Copy
• Payment Receipt
• RERA Course Certificate
• Tenancy control/Ejari Copy
• Location Map

7. Registration with DNRD and Ministry of Labor

To hire employees and sponsor the visas, the company has to be registered with DNRD and the Ministry of Labor.

8. Obtaining Brokers Card

The Real Estate Agent employed by the company must be a holder of the brokers’ card issued by RERA.

Cost of Starting a Real Estate Company in UAE

The cost of Real Estate Company Setup in Dubai depends on the business jurisdiction chosen.

To set up a Real Estate business establishment in UAE, the investor has to shell out Approx. AED 25,000 as the business setup cost for a mainland company.

There are various company structures in the  Free Zone and Mainland. There are single shareholder Free Zone Company, multiple shareholder Free Zone Company, LLC Company – DED mainland.

Real Estate Business License is categorized under the Professional License type in UAE. The cost of setting up a real estate brokerage in the Free Zones of UAE is a cost-effective means to easily start an establishment in UAE.

An investor can opt for a fully furnished ready-made office for their real estate company and avail a host of business benefits offered by the Free Zones of UAE.

To know more about opening a real estate company in UAE, talk to our expert business consultants right away!

The post Real Estate Company Setup in Dubai – Things to Know for the Foreign Investor appeared first on AURION.