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

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

Why Choose UAE for Reverse Migration?

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

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

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

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

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

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

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

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

Why are previous UAE Residents Returning?

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

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

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

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

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

A millionaire’s paradise – United Arab Emirates 

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

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

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

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

Business Implication for UAE from Reverse Migration

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

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

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

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

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

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

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.

Dubai is home to a large number of large and small businesses. The Business to Business segment in Dubai is growing at a rapid pace. Many large organizations operating in Dubai are constantly looking at outsourcing a few of their operations to efficient small businesses. It will help in collaboration and knowledge sharing.

Dubai is an ideal choice for small business startups as there is a robust network of investors, venture capitalists, multi-national audiences, and more.

Entrepreneurs test out a wide variety of business ideas for starting a small business in Dubai. There is an advanced infrastructure, numerous networking opportunities, and business support in Dubai that makes it a favorite choice among startups and innovators.

Why choose Dubai for setting up your Small Business Startup?

There are various factors that make entrepreneurs choose Dubai for setting up their small business startups. The government of Dubai has launched a series of welcoming initiatives for freelancers, talented professionals, and entrepreneurs to come and settle in the UAE.

The Green Visa and Golden Visa are such initiatives to attract global talents to make Dubai their second home. Similarly, the Free Trade Zones in Dubai play a vital role in setting up a small business startup. They have various cost-effective company packages that are best suited for startups.

Also, the startups and entrepreneurs operating in the Free Zones of Dubai have many benefits such as:

• Start a fully owned company with 100% profit transfer to the home country
• World-class office space, warehouse facilities, meeting rooms, and other facilities at the lowest cost
• Easy company setup with minimal documentation
• Proximity to Airports & Seaports. Certain Free Zones have in-house customs check
• Multi-Year license packages, a wide range of business activities, bank account opening support, and more.
• Easily expand to international markets and conduct business in UAE.

So, the Free Zones are the best choice for setting up a startup in Dubai. The Free Zones provide support for startups through business incubators. They help with the funding and administration of the startup successfully.

Additionally, the cost-effective company packages from the Free Zones will help entrepreneurs to easily set up their startups in Dubai without any hassles.

Small Business Startups in Dubai – Steps to Setup

The setting up of a Small business startup in Dubai follows a series of steps. It is best executed with the help of an expert Business Consultant to avoid any roadblocks. There are certain procedures involved in setting up a small business startup in Dubai

This is where business consultants will help the investors with the right company package. To set up the startup in Dubai the right way, the investor must follow the below steps

1. Choose the right business jurisdiction depending on the business requirements, budget, office space requirements, visa quota, etc.
2. Select the right business activities for the trade license. Ensure the Free Zone or Mainland will permit the selected business activity.
3. Few activities in the business list will require special approval from the respective authorities.
4. Finalize on the office space requirements and ensure the availability of various office spaces in the Free Zone.
5. Submit the documents of the investor for review, make the fee payment, and obtain the Trade License.
6. Open a corporate account for the startup once the trade license is ready.

So, the steps in setting up a startup business in Dubai are as stated above. The role of a Business Consultant is to facilitate the setting up of the startup and fulfill its administrative requirements.

A startup in Dubai has many business benefits as Dubai is a land of opportunities. The investor has access to a large addressable market in UAE, Asian and European countries. They can easily expand their business to international markets by being in Dubai.

Business Ideas for Starting a Small Business in Dubai

There are many prospective Small Businesses in Dubai that are providing a good return on investment to the entrepreneurs. Some of the business ideas for starting a small business in Dubai with a low or minimum capital investment are the following:

• Marketing & Research Consultancy
• Health & Wellness Consultancy
• IT Services and Software Consultancy
• Accounting and Tax Consultancy
• Laundering and Dry Cleaning Services
• Real Estate Consultancy
• Small Retail Store & General Trading
• Food Stuff Trading
• Fruits & Vegetable Selling
• Scrap exports and re-exports
• Automobile Workshop, Spares, and Machinery repair shop
• Beauty Salon Business

There are a variety of lifestyle business ideas such as wellness, dietary consulting, personal grooming, health coaching & gym training, and more, that can be easily set up in Dubai. There is a growing audience in the region for these lifestyle businesses.

Similarly, the next line of small businesses in Dubai is the essential services for the residential and business community in the region. The laundry, dry cleaning, small food stall, real-estate consultancy, etc., have a large target market to cater to in the region.

It is important to note that the entrepreneur involved in any sort of business must have a valid trade license from the respective authorities. The specific trading or services license depending on business activity must be obtained from the licensing authorities.

Small Online Business in Dubai

The Small Online Business in Dubai is a new category of small business that is significantly growing. These are low-investment businesses that can be easily set up online in Dubai. The investor must have a valid e-commerce License for conducting any sort of online sale in the UAE.

Investors can start an e-commerce store selling items online via social media platforms, e-commerce websites, or fully owned websites. The high internet penetration among the residents of the UAE drives the online shopping trend in the region.

Additionally, the technological advancements and capabilities will help small online businesses in Dubai. It will help them to easily launch their services. Small online businesses can involve in a variety of business activities. A few are the trading of goods, offering consultancy services, providing tutoring services, running a home bakery online, teaching online courses, and more.

Our expert Business consultants will guide the entrepreneurs with the right business license. They will also provide Free Zone choices to keep your overall business setup cost low. Contact our expert team to know more about starting a small business in Dubai right away!

Contact us: Aurion Business Consultants

The post How to start a small business in Dubai? appeared first on AURION.

Air Cargo Business License in Dubai can be obtained from the Mainland or the Free Trade Zones. The Air Cargo Business License from the Dubai Airport Free Zone with a 27 Sq.m office will cost AED 92,665.

It will enable Cargo companies to legally conduct trade consulting, freight forwarding, light manufacturing or warehouse unit leasing, etc. The Air Cargo business includes many activities that are spread across different business license categories.

Depending on the required business the investor can take the specific business license from either service, import-export, or industrial license categories.

Air Cargo Business License in Dubai – Scope

Air Cargo companies facilitate the transfer of small packages, letters, expensive items, etc, via air between countries. They will be handling multiple services such as Air Freight Warehousing, sorting, re-packing, unloading, trade consulting, trade coordination, Cargo Chartering, etc.

Investors can get an Air Cargo Business License in Dubai from the free trade zones depending on the chosen specific business activities.

For example, to provide air cargo consulting and trade coordination, a services license from the Free Trade Zone is the ideal option to keep the cost low.

For opening an Air Cargo Services Company the 10 Sq,m office in DAFZA will be an ideal option. The cost of the Air Cargo Services License from DAFZA including the office space is starting from AED 52,165.

Similarly, for freight forwarding, import-export of goods, warehouse storage, etc., an import-export license is essential along with the Air Cargo handling license.

Furthermore, if the company wants to repackage or manufacture items in its warehouse and then export them to other markets, then an industrial license is required for the same.

Hence, Air Cargo business activities are vast and spread across multiple business license categories. So, depending on the business requirements the right business license must be chosen by the company. It is best to seek the assistance of expert business consultants such as AURION.

Air Cargo License from the Free Zones in Dubai

In Dubai, the Air Cargo License is available in two Free Trade Zones that is the Dubai Airport Free Zone and the Dubai South. The Free Trade Zones in proximity to the Airport will be ideal for obtaining the Air Cargo License.

These Free Zone will be the right choice for setting up an Air Cargo Company to keep the operating cost low. Also to facilitate business operations successfully, having an air cargo company in the Free Zones that are closer to the airport is ideal.

The investors looking at other Emirates for obtaining the Air Cargo Business License, the ideal choice is the Sharjah International Airport Free Zone. It offers a cheaper Air Cargo Business License than the Free Zones in Dubai.

What are the steps in obtaining the Air Cargo Business License in Dubai?

To obtain the Air Cargo Business License in Dubai, the business investor must follow certain steps and require some pre-approvals.

To start with the process of obtaining the Air Cargo Business License, the investor must finalize the trade name and get approval from the Free zone authority.

• Submit the application form and business activity to the Free Zone authority. Also, finalize the company structure depending on the number of shareholders.
• For Air Cargo operations inside the Airport, get special permission from Civil Aviation.
• For vehicle alteration with safety lights, loudspeakers, and other safety equipment get approval from RTA.
• After the confirmation of the business activities, look for the right office space and warehouse requirements. Get the tenancy contract for the office from the Free Zone by paying the rental fee.
• Submit all the required documents, shareholder details, photographs, special approvals from Civil Aviation, RTA, and the tenancy contract to the Free Zone authority.
• Pay the trade license fee to obtain the Air Cargo Business License from the Free Trade Zone in Dubai. Open a corporate bank account for the company using the company documents to facilitate business operations quickly.

Obtaining an Air Cargo License in Dubai will enable the investor to coordinate the air freighting, scheduling of cargo, collection, and sorting of goods for shipment, and more. There are many sub-activities for the Air Cargo handling company to perform.

There is an immense growth opportunity in the Air Cargo business as the demand for Air Cargo shipments across countries is growing year on year. UAE is the perfect hub for coordinating international shipment operations.

Why Register an Air Cargo Services Company in Dubai?

The Air Cargo Company in Dubai has enormous business opportunities due to growing local and international demand. Air cargo Companies operate on thin margins and are prone to macroeconomic fluctuations. However, there is a demand for a reliable Air Cargo Services Company in Dubai.

An Air cargo Services Company in Dubai facilitates the delivery of the consignment from the home country to the destination country. Timely delivery at the lowest cost for the customer is a win for an air cargo company to strive amidst tough competition.

The strategic location of Dubai connecting the east and the west world makes it a perfect trade hub. The Dubai Airport handles a significant amount of passenger and cargo planes daily. The global connectivity of Dubai with other countries through air transport makes it a perfect hub for Air Cargo operations.

To know more about opening an Air Cargo Company and Obtaining an Air Cargo Business License in Dubai, connect with our expert business setup consultants right away!

The post How to Get an Air Cargo Business License in Dubai? appeared first on AURION.

UAE is home to numerous Free Trade Zones that support the growth of trade and the economy of the region. There are various business activities available in the Free Zones for doing business. In UAE there are more than 45 Free Zones delivering various company packages for investors.

Foreign investors choose to establish their business in the Free Zones due to various reasons such as:

• The ease of setting up an office,
• Registering the company easily,
• Avail of the numerous business benefits offered by the Free Zones.

Free Zone in UAE

Free Zone in UAE is an area demarcated within the country. It is a designated area where investors can legally trade and avail various incentives for their business. Furthermore, for a Free Zone Company in UAE there are a host of benefits such as:

• Provision of Complete Ownership of the Company
• Trusted Governance
• Absence of taxation,
• Plug and Play Office Spaces
• Easy Company Registration and more

Also, there are designated Free Zones in UAE that are VAT Exempted under certain circumstances. The VAT is levied depending on the place of supply of the services and goods by the Free Zone company.

Free Zone – Available Privileges for the Investors

The jurisdiction of a particular Freezone is limited to the area where it is established. A company registered in a Freezone is essentially an onshore resident company. So, it can avail all privileges of an onshore company such as:

1. It is eligible for Office premises in Freezone
2. It can have a Visa quota
3. It can trade or do business within the UAE and outside
4. It can be registered with the Chamber of Commerce
5. It can obtain import-export code
6. Tax Residency Certificate can be obtained so that investors get the benefit of DTAA ( Double Taxation Avoidance Agreement)
7. Certificate of Origin can be obtained for manufacturing companies
8. 100% Expatriate Ownership and 100% repatriation of profits

The Free Zones in Dubai will be pricier when considering the total cost of setting up a business in UAE. It is dependent on various factors such as the location, office rent, other infrastructure facilities, and more.

Top Free Zones in Dubai

The Free Zones in Dubai offer various company formation packages for the investors. Depending on the specific business requirement, the Free Zones have custom-made business solutions.

There are popular Free Trade Zones in Dubai that offer variety of company packages. Few of them are:

• Dubai Airport Free Zone
• Dubai Multi-Commodities Center
• Dubai CommerCity
• Dubai Silicon Oasis – IFZA

Also, the investor can choose from a wide range of business activities for setting up their company. The Free Zones of Dubai has many advantages due to the strategic location and improved infrastructure facilities to support business growth.

Free Zones in Abu Dhabi

There are Free Zones in Abu Dhabi that offer various specialized license packages and business activities to the entrepreneurs. For example, the Masdar City Free Zone offers special licenses for startups in the field of renewable energy, energy management, environment management, etc.

Similarly, the Khalifa Free Trade Zone (KIZAD) offers logistics, shipping, packaging, and commercial trading license at budget friendly rates for the investors.

Additionally, for airlines chartering, flight maintenance, and aircraft management companies, the Abu Dhabi Airport Free Zone is an ideal choice. It offers various cost-effective business license packages for the entrepreneurs.

Top Free Zones in the Northern Emirates of UAE

The Northern Emirates especially Sharjah has few cost-effective alternatives for companies to set up at a much affordable rate in the UAE.

Let’s look at the various options available in the Northern Emirates for company setup and successfully set up your dream business venture in UAE most comfortably and cost-effectively.

1. Sharjah Airport International Free Zone (SAIF Zone)

Sharjah Airport International Free Zone is one of the most dynamic Free Trade Zone driving a variety of trade and business activities in the UAE. Hence, it is one of the busiest trading and manufacturing hubs of UAE.

With an in-house Customs Clearance, proximity to the Sharjah International Airport and the Khalid Port, SAIF Zone facilitates global trade with more than 100 countries.

The custom warehouse and light manufacturing units allow entrepreneurs to easily scale up their business operations and profitably run the operations. SAIF Zone offers customized office spaces starting from 9 Sq.m cubicle to fully furnished executive offices.

Also, the company formation process, state-of-the-art infrastructure, staff accommodation, etc., are best in class making the Free Zone a favorable option to consider for setting up a business establishment in the UAE.

2. Hamriyah Free Zone

Similar to Sharjah Airport International Free Zone, the Hamriyah Free Zone is another popular Free Zone for commercial and manufacturing licenses mainly. It hosts some of the top manufacturers of the world.

Hamriyah Free Zone offers warehouses with office space requirements with up to 50 employee visa quotas for large manufacturing setup.

There are top-class warehousing and storage facilities in Hamriyah exclusively for food manufacturers, healthcare providers, etc.

The proximity to one of the busiest ports in the UAE makes it a trader’s hub. There are daily import-export transactions from Hamriyah Port to numerous countries around the world with the majority share to Asia and then Africa and Europe.

3. Sharjah Media City

Sharjah Media City is one of the most competitive Free Zone gaining a strong presence as the popular Free Zones for profitable business investment in the UAE.

SHAMS offers a wide range of business activities at a low-cost business setup package starting from as low as AED 8,050 for a Zero visa quota company setup.

The Free Zone offers investors a multitude of company formation options and a wide list of business activities to choose from.
As the name goes, SHAMS just does not only offer Media related Business License but several business licenses and activity categories ranging from general trading, services, eCommerce, and more.
To know more about Company Formation in Sharjah Media City, talk to our expert Business Consultants, connect with us here!

4. SPC Free Zone

The Sharjah Publishing City Free Zone is a competitive Free Zone in the emirate of Sharjah. It has various company packages that suit the investor business requirements. SPC Free Zone is a popular choice among the freelancers and startup companies.
The Free Zone offers cost-effective company packages that will enable investors to easily start there business venture and scale up. SPC offers flexi-desk spaces and Co-working spaces for startups and freelancers to work.
SPC offers the investors more than 1000+ business activities across services and commercial business categories. The proximity to Sharjah International Airport makes it an ideal location for business travelers to easily visit the office premises for project discussions and meetings.

5. Ajman Free Zone

For entrepreneurs looking at further low-cost options, there is Ajman Free zone that offers attractive business setup packages across various business license categories and trade activities.
Choosing a Free Zone with the only objective of a low-cost business license will have implications in the future during office space expansion, warehouse space addition, bank account opening, address and reputation, and more.
Hence, entrepreneurs must look at a holistic approach while choosing the right Free Zone for their business establishment and not just a low-cost option.

6. Ajman Media City

Ajman Media City Free Zone is another low-cost option for investors who are looking at an entry point to the UAE business landscape.
The Ajman Media City offers a Freelance Permit for media enthusiasts, Photographers, graphic designers, web-developers, etc., to enter the entrepreneur world seamlessly.

Also, Ajman Media City offers a host of other business license packages at competitive packages for investors to choose from for their business setup in UAE.

7. Ras Al Khaimah Economic Zone (RAKEZ)

The RAKEZ is a Special Economic Zone in the Emirates of Ras Al Khaimah offering attractive company setup options for global investors.

The Free Zone consists of dedicated business parks, manufacturing units, warehousing, and logistics complexes to cater to a wide business requirement of entrepreneurs.

Also, to promote the academic and education-related business establishments, RAKEZ has a specialized Academic Zone that houses all the companies that offer services and products in the education sector such as training, Ed-Tech startups, tutoring, etc.

In a nutshell, UAE Free Zones offers global investors all that they require to set up their business seamlessly and easily scale up to achieve business sustainability.

Seasoned Business Setup Consultants like Aurion will assist in the end to end Business Setup Processes, Visa Processing, Bank Account Opening Assistance, and beyond making the journey of Company Formation in UAE hassle-free for the investors.

Read more about Business Setup in Fujairah and Business Setup in Ras Al Khaimah (RAK).

The post What is a Free Zone? 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.

However, there are many steps to it and must be handled the right way. There are various options for foreign investors to set up a company in UAE. Entrepreneurs can choose between the Free Zones and Mainland depending on their specific business requirements.

Business investors can take up the support of expert Business Consultants to carry out the company registration process in UAE.

There are certain steps involved in setting up a company in UAE. Aurion will assist investors to proceed with the company formation process and obtain the trade license at the earliest.

How Indian Investors can set up a company in UAE?

1. Trade Name confirmation and business activity Selection

The first step in obtaining the Trade License for the new company is getting the name approval. The investor must also select the right business activity and company license type.

2. Submit the required documents

The investor’s passport copy, photograph, business idea, and other shareholder details must be shared with the Business Consultants. They will coordinate with the licensing authority for the review and approvals.

Certain business activities will require special approval from the Free Zone and other Government Authorities.

3. Choose the Office space and location

Select the right office space and location for the business. Free Zones such as Meydan provide a No Objection Certificate to take an office space anywhere in Dubai. For Indian entrepreneurs to start a business in Dubai, Meydan Free Zone is a perfect choice.

Indian businessmen can easily setup a business in Dubai Mainland by obtaining the NOC and Trade License from the Meydan Free Zone. In the mainland of Dubai, they can take their desired office space in any of the business centers available to keep the business setup cost low.

Aurion will help in preparing the tenancy contract and other related documentation for the office. By making the office rent payment for 1 year (renewable) they can operate the company seamlessly from the office location.

4. Obtain the Trade License and Company Documents

After paying the fee for the rent and trade license, obtain the company documents along with the Trade License.

The Trade License is the legal document for conducting business in the UAE. All company communications of the company with stakeholders will have the Trade License as the document of reference.

5. Apply for a UAE residence Visa

Once the investor receives the Trade License, the investor can proceed to apply for the UAE Residence Visa.

The investor can obtain a 3-year visa and employees can get a 2-year visa tenure. It is renewable for the same tenure depending on the requirements.

6. Open a Corporate Bank Account

The investors are also eligible to open a corporate Bank Account for the newly set up company in UAE. There is a wide network of Domestic and International Banks in UAE offering various business solutions and personal investment solutions for the investors.

Benefits for Indian Investors from setting up a company in UAE

For Indian Investors setting up a company in UAE has numerous benefits. UAE is a business hub that connects the European markets with the Asian Markets.

Also, the growing ex-pat population creates an enormous demand for all kinds of products and services. It is a profitable market location for Indian investors to expand and register an office space.

Multiple Benefits for Indian Investors from Company Setup in UAE

1. Grow Business Internationally
2. Avail Lower Taxation on Business Profits
3. Focus on Local UAE Market
4. Global Connectivity
5. Four Hour Flight Time
6. Access to more than 2Billion Population
7. Easy Company Formation and Visa Processing
8. Purchase Property in UAE
9. Transparent Government and Legal Entities
10. Zero Crime Rate and Safety
11. Advanced Business Infrastructure
12. Improved Social Life

So in a nutshell, there are numerous business benefits for the investors in setting up a company in UAE. Also, UAE is a perfect choice for settling down for business owners with their families.

The real estate sector in the country is constantly offering high-return investment opportunities. UAE has some of the best ultra luxurious as well as affordable properties for investors to purchase.

Documents Required for Indian Investors to Set up a Company in UAE

For the Indian Investors to set up a company in UAE there is very minimal documentation required. The investor has to initially provide 3 choices for the trade name and select the required business license, business activity, and jurisdiction.

The shareholder’s passport copy, photograph, business plan, and shareholder CV must be provided to the Business Consultant for obtaining the Trade License and other company documents from the licensing authorities.

Opening a Branch/ Subsidiary of an Indian Company in the UAE

An existing Indian Company having an active business network in India can set up a branch or subsidiary of their Indian Company in UAE.

There are a few additional documents required to register an Indian company’s branch in UAE. The Indian Parent Company documents such as the Incorporation Certificate, Good Standing Certificate, Trade License, Memorandum of Association, etc., will be required as proof of stating the existence of the parent company in India.

The Indian Company’s document must be attested by the UAE Embassy in India and Counter Attested by the Ministry of Foreign Affairs in the UAE.

Once the attestation is obtained, the branch company registration process can be initiated in UAE with the help of an expert Business Consultant such as Aurion.

Can I start a company in UAE from India without my physical presence?

Yes, of course, you can start a company in UAE from India without the physical presence. All the company formation procedures can be completed online with the assistance of expert Business Consultants such as AURION.

Physical presence will be required for the Medical Examination for the UAE residence Visa purpose and bank accounting opening. Aurion’s professional consultants will handle all your business requirements with utmost precision and notify the investors about the status.

They can then plan the trip to Dubai for processing the residence visa and open a bank account for the company. All the procedures related to the company formation until obtaining the trade license and office keys will be handled by AURION without any requirement for the investor to be present in UAE.

Cost of Company Registration in UAE?

The Cost of Company Registration in the UAE varies depending on factors such as business jurisdiction, location, office space requirements, and more.

For Free Zone company registration in Dubai, the cost starts from AED 11,900 for a Zero visa quota company. Similarly, to set up a mainland Limited Liability company, the cost starts from AED 20,000 for a services license.

There are various choices available for investors when it comes to setting up a company in UAE. Entrepreneurs can choose from 40 plus Free Trade Zones and Mainland of UAE depending on their specific business requirements.

It is advisable to seek business advice from an expert Business Consultant for setting up a company in UAE. Especially for Indian investors who are new to the UAE Market, business consultants will guide them the right way.

To know more about how an Indian Investor can set up a company in UAE, reach out to our expert Business Consultants.

Contact Us: Aurion Business Consultants

The post Register a Company in UAE from India – Things Investors must know appeared first on AURION.

Starting a Company in UAE is a prospective business investment for investors. The Country has a stable government, top-class infrastructure, and favorable taxation policies. Additionally, the Free Zone infrastructure, improved lifestyle, and security make it investor-friendly.

Step by step procedures to start a Company in UAE Free Trade Zones

The Free Trade Zones play a vital role in supporting foreign investors with their business requirements. There are more than 45 Free Trade Zones in UAE. Often, it is a challenge for investors to choose the right one for their business.

AURION will assist the investors with the right Free Zone and company formation package. Here are a few tips for foreign investors to start a company in UAE in the most comfortable way. Starting a company in UAE is best conducted through a Business Consultant like AURION.

The team will handle all the specific tasks related to company formation. subsequently, the Agents will register the company in the desired business jurisdiction in UAE. However, there are certain parameters the investor must consider while starting a company in UAE and they are the following.

1. Choose the Right Free Trade Zone

Select the Free Zone depending on the nature of the business activity. Businesses involved in global trading operations would be ideally located in a Free Zone that is close to the Airport or Seaport. It will help in easy transfer of goods.

Similarly, for an IT Consultancy, being in a Free Zone Community with startups and IT companies is an ideal choice. It helps to easily grow the business through networking and collaboration.

Also, there are multiple factors involved in choosing the Free Zones. It could be the location of the Free Zone, budget constraints, office space facilities, availability of desired business activity, etc.

2. Select the Right Business Activity

Selecting the right business activity for the trade license is an important step in starting a company in UAE. Business activities selected are listed in the Trade License of the company.

The company is legally entitled to conduct trade as per the selected business activities. Hence, the company owners must choose the business activities based on their exact requirements. it will avoid the occurrence of any challenges at a later stage.

Depending on the various business operations indulged by the entrepreneur, they must choose the right business activities for the company. Aurion will assist in selecting the required business activities based on the entrepreneur business category.

3. Obtain Special Clearance ( if any)

For certain business activities, there is a requirement for special clearance from the authorities. They are mainly, from the Free Zone Authority, Municipality, and the specific Government Department.

The investors must be aware of the business activities that require additional approvals. AURION will assist in obtaining the special approvals from the required authorities.

Special Approvals for certain businesses are mandatory to process the trade license in UAE. It will help in the smooth functioning of the business at a later stage.

4. Take an Office Space

Taking an office space along with the trade license is beneficial for the investor for many reasons. The opening of a corporate bank account in the UAE will be easy. Having a physical office space and tenancy contract ready will be an add-on for quick KYC clearance for banks.

Also, having an office space will add up to the credibility. Additionally, it enables to hire more staff and operate the business efficiently from the selected Free Zones. The Free Zones have a wide variety of office spaces in varying sizes.

Warehouses are available for investors to choose from depending on their business requirements. The investors can lease the right office space and warehouse facility at affordable rates in UAE.  It varies based on the budget, requirement, nature of the business activities, etc.

5. Get all the Company Documents

Ensure all the process of setting up a company is followed the right way. Deliver the company documents to the investors soon after the issuance of the Trade License.  It includes – Trade License, Memorandum of Association, Company Stamp, and Special Clearances (if any) 

Our dedicated PRO Agents will ensure the investors receive all the company documents at the earliest. It will enable them to start operating the business legally in UAE immediately.

Company Documents are important for the smooth functioning of the business. In many instances, the Investors will require to produce them in front of various Government Authorities, suppliers, business partners, etc.

6. Apply for UAE Residence Visa & Corporate Bank Account

Once the investor receives the Trade License, they can proceed to apply for the UAE Residence visa for themselves under the company.

They are also eligible for sponsoring dependents and staff depending on the visa quota available for the company. The investors can also open a corporate bank account in UAE for the company with the obtained company documents.

In conclusion, there are a few essential components to consider while setting up a company in the UAE for entrepreneurs. There are numerous choices available for setting up a company in UAE. Hence, investors must make informed decisions by consulting with an expert Business Consultant for choosing the right option for their company.

To know more about register a company in UAE from India or setup a company for UK Citizens, talk to our expert Business Consultants right away!

Contact Us: Aurion Business Consultants

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

The long term residence visa enables talented individuals to contribute more towards society and thereby support the economic growth in the region.

New Amendments to Golden Visa

Golden Visa is targeted towards the foreign investors and expatriate population living in UAE currently. It enables ex-pats to live, work and study in the country without the need of a national sponsor.

The golden visa eligibility is extended towards managers, CEOs, specialists in science, engineering, health, education, business management, and technology professionals.

The visa application process is simplified for highly skilled and specialized residents, investors, entrepreneurs, scientists, pioneers, leading students, and graduates. These visas are valid for a period of 5 or 10 years and are renewed automatically.

New UAE Residence Visa Reforms

Following are the Residence Reforms added along with Golden Visa amendments in the recent UAE Cabinet decision by the Government.

• Business trip permits extension from 3 to 6 months
• Parents Sponsorship under the visa of direct family members
• One-year residency extension for humanitarian cases
• Extensions of children’s age limit on parent’s residency from 18 to 25 years
• Extension of grace period to exit the country after a job loss or retirement from 30 to 90-180days

Green Visa and Freelance Visa

UAE has also announced a Green Visa that expands the self-residence status to investors, entrepreneurs, highly skilled individuals, top students, and graduates.

Also, there is a freelancer visa for self-employed workers based in UAE and overseas specialized fields such as artificial intelligence, blockchain, and digital currencies, etc.

All the latest residence visa amendments are aimed at retaining the best talents in UAE and inviting new ex-pats to the country. UAE is transforming itself into a competitive business and family destination to invite foreign investors to settle in the region.

UAE through the latest initiatives is creating a sense of stability and security for the residence, strengthen the labor market, facilitate sector growth and skill development of individuals present here in the country.

Long-term Residence Visas in the UAE

The UAE Government launched the Long Term Residence Visa for residents and foreign investors to extend their living in the UAE and contribute actively to the growing economy.

The Long-term Residence Visas will be issued for 5 or 10 years and will be renewed automatically.

Eligibility for a 10-year Visa without a Sponsor

For a 10-year Residence Visa in the UAE, there are the following categories.

1. Investors with Public Investments of at least AED 10 million

The investment can be of any form below:

• A deposit of at least AED 10 million in an investment fund inside the country
• Company Formation in the UAE with a capital of not less than AED 10 million.
• Partnering in an existing or a new company with a share value of not less than AED 10 million

The investor must have a total investment of not less than AED 10 million in the above areas. Also, on condition of having more than 60% of the total investment in sectors other than real estate.

Criteria for the Visa Application Processing

• The amount invested must not be in the form of any loans
• The investment should be retained for at least 3 years.
• There should be financial solvency up to AED 10 million

Visa can be extended to include business partners, provided each partner contributes to AED 10 million. The Long term visa can also cover spouse, children and one executive director and one advisor of the company.

To initiate the process of long-term visa and company formation in the UAE, the investors can apply for a multiple-entry permit for a 6-month tenure.

2. Individuals with Specialized Talents

Specialized talents and researchers in the field of science and knowledge are eligible for long-term visas. Professionals such as doctors, specialists, scientists, inventors, as well as creative individuals in art and culture can apply for the visa.

All the professionals must be having a specialized field of priority in the UAE.

Criteria for Processing the Visa Application

• A scientist must be accredited by Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence.
• Creative individuals must have accreditation by the Ministry of Culture and Knowledge Development
• For inventors, there must be holders of patents approved by the Ministry of Economy and the patent must add value to the UAE’s economy.
• Inventors & Researchers must have their patents or scientific research published in a world-class journal
• Executives must be highly qualified in academics and must be part of an internationally recognized company.

Doctors and specialists must be fulfilling at least 2 of the following conditions

• Ph.D. degree from one of the top 500 universities in the world
• An award or certificates of appreciation in the field of the applicant’s work
• Contribution to major scientific research in their domain
• Published articles or scientific books in renowned publications
• Membership in an organization related to their domain
• 10 years of professional experience in the domain with a Ph.D. degree. The domain must be in the areas of priority to the UAE.

Eligibility for a Golden Visa without requiring a Sponsor

1. Investing in a Property in the UAE – 10 Year Golden Visa

New Update: As per the latest update, for the Golden Visa (10 Year Residence Visa), there is no requirement of AED 1 Million Down payment for the property that is valued at AED 2 Million.

So, investors who have started the process of Property Purchase through Loan, Mortgage, Easy Monthly Installment, are now eligible for Golden Visa. Connect with our expert team to know more.

2. Entrepreneurs Five Year Visa

Entrepreneurs having an existing project with a minimum capital of AED 500,000 or those who have the approval of an accredited business incubator in the country.

The entrepreneur is eligible for a multiple entry visa for 6 months, renewable for another 6 months. They have to do the processing of long-term visas within the tenure. The entrepreneur can sponsor dependents including spouses, children, a partner, and 3 executives.

3. Outstanding Students

Students with a minimum grade of 95 percent in public and private secondary schools. University students within and outside the country having a distinction or a GPA of at least 3.75 upon graduation. The students are eligible to sponsor their families under the visa.

How to Apply for Long Term Residence Visas in the UAE

For the foreign investors, students, and academicians to start the long-term residence visa process, they can visit UAE on a Multiple-Entry Visit Visa valid up to 6 months (extendable to 6 months more).

Multiple Entry Visa – 6 Months for the Investors (New Visa)

Visa Application Steps Overview

• Submission of the application through the system (E-channel)
• Receive the application by the employee
• Checking the request. In case of errors, will be rejected
• Receive the Gold Visa Permit

Documents Required

• Dependent passport and color photo
• Bank letter as proof of Deposit
• 3-year bank deposit of AED 10 Million
• Attested Company Establishment Contract (Share of AED 10 Million proof or 6 Million if there is another real-estate investment of worth AED 6 Million)
• Certified Financial Auditing Company Report (Proof for the investments are not loaned or mortgaged)
• Real estate registration department (Proof that the real estate is not loaned or mortgaged)

For entrepreneurs, students and Special talents the process is similar to the investors, there is no requirement to furnish any investment or bank deposit.

They have to submit identity documents (passport copy, photo) and proof of long-term residency eligibility (employment contract, academic qualification, etc.)  

Long Term Residence Visa is an initiative launched by the Government of UAE to strengthen the economy and drive foreign investment and fresh talent across industry verticals.

The launch of Long Term Residence Visas in the UAE is in line with UAE’s long-term plans of diversification of the economy, technology advancements, entrepreneurship, and build a better tomorrow.

To know more about the Long Term Residence Visa, connect with the experts Business Consultants right away!

Contact: Aurion Business Consultants

The post Golden Card Visas in UAE – How to Apply for Long Term Residence Visa in UAE? appeared first on AURION.

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.