Let us guide you through it.

Trade license (What & Why) ?

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

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

Who issues it?

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

Trade License Validity

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

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

Time taken to receive the trade license

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

Types of Trade Licenses in Dubai.

➔    Professional License

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

➔    Commercial License

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

➔    Industrial License

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

➔    General Trading License

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

➔    E-Commerce License

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

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

Trade Licenses in UAE Jurisdiction

1. Mainland Trade License

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

2. Free Zone Trade License

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

3. Offshore Trade License

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

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

How to apply for a Trade License

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

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

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

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

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

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

Payment Estimate For Trade License

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

Benefits of Acquiring A Trade License

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

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

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

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

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

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

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

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

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

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

Most Profitable Businesses in the UAE

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

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

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

Real Estate Brokerage

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

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

General Trading

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

IT Consulting

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

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

HR Consultancy

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

eCommerce Online Store

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

Life Coaching

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

EdTech – Education Technology

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

Renewable Energy Startups

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

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

FinTech- Financial Technology

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

Arts and Culture

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

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

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

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Drop Shipping business in Dubai is a low capital-intensive business. However, the entrepreneur must take an eCommerce license in UAE to conduct online sales. They can take office space in any of the Free Trade Zones or on the mainland.

As there is no requirement of storing the goods, there are no warehousing or storage facilities required. The Free Trade Zones in UAE will be an ideal choice for starting a Drop Shipping Company for investors.

A few of the best Dubai-based Free Zones for eCommerce Licenses are the Dubai CommerCity, Dubai Airport Free Zone, Dubai Silicon Oasis – IFZA, etc. Similarly, in the northern emirates Sharjah Media City, Sharjah Airport Free Zone, and Sharjah Publishing City are ideal for setting up a Drop Shipping Company in UAE.

What is Drop Shipping in UAE?

Drop Shipping is a process where the selling of goods online takes place without actually holding any stock or inventory. Additionally, the vendor sells the products and asks their suppliers to directly ship the goods to the customers.

Hence, the main area of focus for the entrepreneur is to market and sell the products. Consequently, the suppliers and manufacturers will facilitate the sourcing and delivery aspect of the products.

The entrepreneur will be creating an eCommerce website, connecting with customers, identifying the right products to sell, etc. The success of the drop shipping business is the customer network. Also, the people must be made aware of the products and benefits to enhance sales.

Steps in Setting up a Drop Shipping Company in Dubai

The dropshipping process is a straightforward business model that anybody can venture into. UAE is a perfect place for starting a drop shipping company. The investor must follow a few steps in setting up the drop shipping company in Dubai successfully.

1. Do a Market Research

Do market research to identify the list of products you want to sell. Also, study the competition and work out the feasibility of selling the items efficiently without delays.

2.  Identify the Niche

Identify the right product category and identify the demand requirement of the product. Selling niche items will help in realizing revenue faster.

3. Find Suppliers

Locate a reliable supplier who will facilitate the sourcing, shipping, and logistics of your dropshipping business. Quality of products and timely delivery is an important aspect when choosing suppliers.

4. Choose the Company Structure 

Choose the company structure for your drop shipping business depending on the number of shareholders. In mainland. the company can be registered as a Limited Liability Company or a single-owner company.

Similarly, in a Free zone, the investor can set up either a Free Zone Establishment or a Company based on the number of shareholders.

5. Choose the right Business Jurisdiction

Based on the cost of setting up a company, office rent, and other business requirements, the investor must choose the right business jurisdiction in the UAE.

As Drop shipping just requires a back office for managing invoices, supplier relations, marketing, etc., being in a Free Zone is beneficial for the investors.

There are many benefits such as meeting room facilities, well-furnished offices, networking opportunities, and more.

6. Get the eCommerce Trade License

Obtain the eCommerce Trade License from the chosen business jurisdiction. In Dubai, an eCommerce License can be obtained at AED 14,900.

Also, there are various eCommerce License packages for investors to choose from in Dubai based on their business requirements.

7. Setup an Online Store

The investors can set up their online store in UAE by creating a website for their e-commerce store or by partnering with Noon and Amazon.

There is a high internet penetration and online shopping acceptance is high in UAE. It is a perfect place to launch an eCommerce store. A vibrant website with all the latest products will attract customers to the online store. 

8. Update your Product Niche

Constantly conduct market research and stay updated in the eCommerce sector. Add new products to the website and eliminate products that are out of trend.

Cost of Starting a Drop Shipping Company in Dubai

The cost of starting a drop shipping company in Dubai includes the eCommerce license fee from the Free Zone, the office space rent, and furnishing expenses.

An eCommerce License in Dubai will enable entrepreneurs to easily launch their drop shipping company and start selling goods through the online platform. An eCommerce License from Dubai’s popular Free Trade Zone can be obtained for AED 14,900 with a one-visa quota.

Finally, the cost of website development, managing the website, and marketing expense must be considered while calculating the overall expenses of a drop shipping company in Dubai.

Documents required

To set up a Drop Shipping Company in Dubai the investor will have to submit a few documents. The respective Free Zone or Mainland authorities will review the application and issue the Trade License.

• Shareholder Passport Copy and Photograph
• Proof of residence for shareholders
• Duly Filled Application form for the respective Free Zone

Frequently Asked Questions related to Drop Shipping Company in Dubai?

Most of the investors who are about to venture into the Drop Shipping business in UAE will have many queries. Following are a few of the doubts all investors will have.

Is Dubai the right place for Drop Shipping?

Yes, Dubai is a perfect choice for setting up a Drop Shipping Company. The City offers many advantages to investors. The Air, Sea, and Land Connectivity makes it easy for importing items from abroad. Also, there are more than 200 nationalities living in UAE which is a large addressable market.

Again, the business infrastructure in Dubai is top-class. Additionally, the ease of doing business and finding genuine suppliers who have a good network in Dubai is relatively easy. Hence, overall, Dubai is the first choice for setting up a drop shipping company.

Which License is required for Drop Shipping in UAE?

For a drop shipping business in UAE, having an eCommerce License is mandatory. The investor can open an online store and facilitate the sale of the products. They can engage with trusted suppliers in UAE to deliver the items to the customer’s doorstep after making a sale.

How to grow the Drop Shipping business in Dubai?

The Drop Shipping Business in Dubai has multiple growth opportunities. Online media is an effective channel to promote the Drop Shipping Business. The niche product must be promoted in social media channels through influencers.

To gain customer confidence offer trusted products from known brands on the website. Additionally, focus on SEO practices and invest in digital marketing efforts. Constantly conduct market research and find new products and trends.

Add new products to the website frequently to stay competitive in the market. Again, by reducing the shipping time and increasing order fulfilment, the drop shipping business can get more customers.

Why should I seek the Assistance of a Business Consultant?

To obtain an eCommerce License and take an Office Space, there are a few steps to be followed, with the assistance of expert Business Consultants such as ARION, investors can easily set up and run their drop shipping company in UAE without any hassle.

Our expert Business Consultants will also support you in opening a Corporate bank account for your new company and handle all the administrative and visa requirements of the company. Talk to our business consultants right away!

Contact Us: Aurion Business Consultants

The post How to Start a Drop Shipping Company 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.

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

What is a Manufacturing License in Dubai?

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

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

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

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

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

Steps to obtain a Manufacturing License in Dubai

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

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

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

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

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

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

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

Why choose Dubai for obtaining a Manufacturing License?

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

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

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

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

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

1. Start a Light Manufacturing Industry in Free Zone

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

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

Manufacturing License in UAE Free Zones – Key Highlights

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

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

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

2. Start a Light Manufacturing Industry in UAE Mainland

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

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

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

Benefits of Starting a Light Manufacturing Industry in UAE Mainland

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

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

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

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

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

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

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

Contact us Now!

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

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

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

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

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

Procedure to Obtain Company License in UAE

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

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

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

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

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

Company Setup Tips for Entrepreneurs in UAE

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

1. Conduct a Feasibility Study

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

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

2. Study the Environment

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

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

3. Maintain Positive Cash Flow

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

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

4. Know Free Zone Benefits

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

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

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

5. Networking

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

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

6. Reduce Setup and Operating Cost

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

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

7. Good Communication Across Team and Third-Parties

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

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

8. Long-term Objectives and Strategies

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

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

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

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

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

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

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

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

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

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

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

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

How to get an Accounting Business License in Dubai?   

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

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

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

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

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

Steps in Obtaining an Accounting Business License in Dubai

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

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

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

Obtaining an Accounting Business License in Dubai – Details Explained

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

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

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

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

Cost of Starting an Accounting and Auditing Consultancy Company in UAE

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

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

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

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

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

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

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

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

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

Corporate Tax and Requirement of Auditor / Tax Consultant

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

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

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

Why Do Companies in UAE Need an Auditor?

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

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

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

Register as an Auditor in UAE

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

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

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

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

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

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

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.

The Visa cost for an investor/ employee in Sharjah based Free Zones range from Approx. 3,500 to 4000 AED. The 100% foreign ownership, no income tax and corporate tax, full profit repatriation, favorable business environment, etc., makes Dubai a perfect choice for business investment and establishing a company.

There are many cheapest residence visa options available across the Free Zones of UAE. There are a few special offers where one residence visa cost is waived off too. Taking the cheapest residence visa in UAE will help investors to keep the overall business setup cost low.

Types of UAE Residence Visa for Expatriates

There are many ways in Dubai to obtain a residence Visa. Following are few resident visa options that ex-pats can avail of themselves in the UAE.

1. Free Zone Business License

The easiest way to get a residence visa in UAE is by starting a small business by obtaining a single visa quota business license from anyone Free Zone in UAE.

The Free Zones in UAE offer virtual business licenses to investors with Flexi-desk, and co-working spaces for conducting their desired business activity through obtaining the business license.

The Free Zones in UAE are a vital part of economic growth. It is a secured business jurisdiction and offers UAE residence for company owners, and employees under a company registered in the respective Free Zone as well as provides all required infrastructure facilities for the business to thrive.

2. Mainland Company License

For investors aiming to venture into the mainland of UAE and actively expand their local business, a mainland company license is the right choice. Start a Limited Liability Company in the mainland of Dubai, take an investor visa, and sponsor employees and thrive the business.

Mainland business has many advantages for investors. With 100% ownership for expatriates, easy bank account opening, lower rental expenses, flexibility to expand, etc., LLC Company formation is one of the investor’s favorite choices.

3. Freelance Permit

For young entrepreneurs who want to start their business for the first time or try out the UAE market before going full-fledged by opening a company, getting a Freelance Permit is an ideal choice. It is a type of self-employment visa as the Freelancer is all on his own when it comes to conducting business activities.

There are few Free Zones in UAE that offer Freelance Permits for various business activities. The Freelance Permit will be issued for a person and it won’t be a company. The Self Employment Visa will be available from the respective Free Zone for the entrepreneur. The Self Employment Visa will be for two years (renewable) sponsored by the respective Free Zone.

Using the Freelance Permit, the person can take up projects for the specified business activity in the permit. They can also apply for a UAE residence visa and sponsor dependents for 2 years which is renewable.

Some Free Zones in the UAE offer affordable Freelance Permits that freelancers can apply easily.

Freelance Permits from SHAMS free zone start at AED 5,740. Similarly, there are other Free Zones such as Ajman Free Zone, Umm Al Quwain Free Zone, etc., that offer Freelance Permits at an affordable free for entrepreneurs.

4. Golden Visa

UAE has announced full-fledged long-term visas for expatriates to continue their tenure and contribute to the economy by being in the UAE.

It is also aimed at retaining the best talent in the UAE and generating more business opportunities and business growth. The Long-term residence Visa is not tied up to an employee as the sponsor and the individual will have a 5 to 10-year visa in UAE that is subject to renewal.

The Golden Visa will enable significant foreign investment from global investors who are aiming to make Dubai their home for the long term and will boost the economic outlook.

The strategic industries of UAE such as tourism, real estate, commercial, etc., will get talented employees, more foreign investment, and achieve business growth through long-term golden visas.

5. Green Visa

To further strengthen the economy, create more job opportunities, and retain global talent in UAE, the Government has introduced the Green Visa. There are a lot of benefits in terms of visa rules such as:

• Staying in UAE without a job for 3 to 6 months
• Self-employed people can sponsor themselves and family without the need of an employer
• Sponsor parents and children up to the age of 25, and more.

The recent amendments in the UAE residence laws are for encouraging the expatriates to stay in the UAE and contribute more to the economy. UAE has launched numerous residence visas and other supportive programs for expatriates to easily live, work, and study in UAE along with the family.

6. Property Investment

The real estate market in UAE is very mature with numerous projects read to occupy in various prime locations of UAE.

UAE has a wide range of properties available ranging from affordable to luxury penthouses. With the long-term residence visa and property visas tied up to the property purchase in UAE, the real estate market in UAE is witnessing a major growth prospect.

As per latest update, any one who have purchased a property worth AED 2 million in Loan, Mortgage, or EMI can now apply for Golden Visa. There is no minimum down payment requirement of AED 1 million, the investor will receive a 10-year visa and be able to sponsor dependents too.

The investor must get an NOC from the Developer or the Bank and submit along with the few documents for processing their Golden Visa. Expert Business Consultants such as AURION will guide you through the process seamlessly.

To know more read: Property Visa in UAE

7. Employment Visa

Getting employed in the UAE will entitle you to a UAE resident visa under the sponsorship of the employer. For a first-time visitor to UAE getting on employment, the pathway is ideal to get UAE market experience and later venture into setting up a company for themselves.

Along with the above-stated residence visa, under the new development plan and promoting ex-pat living in UAE, there are retirement visa, special work permits for teenagers, residence visa extensions for widowers for up to 1 year, employment visas holding up to 6months, and more.

The Job Loss Insurance scheme is a new scheme launched by the UAE Government to support the employees incase of a job loss. It is an insurance scheme where a very nominal premium is paid by the employee monthly to the insurance scheme, and they can avail of the benefits during an instance of job loss.

What is UID Number?

The unified Number (UID) is a 6-digit code that can be found on the entry stamp on the last page of the passport or on the visa sticker. Without a UID Number, one cannot complete the application for Emirates ID.

A UID number is a 9-15 digit unique number that gets assigned to a visitor or tourist or resident. The UID numbers are issued by the General Directory of Residency and Foreign Affairs (GDRFA). UID remains the same even if you change your visa or status from tourist to resident.

It is a permanent unified identity number. UID is located on the visa page right above the file number. Many expats are not aware of the codes and numbers on their residence visa page

How to Check UID Number Online?

UID numbers can be verified online by visiting the GDRFA website. From the home page click on e-Services and click on ‘Find my UID’.

Provide the passport number, nationality, date of birth, and other information required, and click on the submit button. The webpage will provide you with the UID Number.

In case you are unable to obtain the UID Number online, visit the GDRFA main center in Al Jaflilya, Bur Dubai, or Dubai International Airport Terminal 3. They can issue the UID number for you after reviewing the request.

How to Merge UID Numbers?

There could be instances where one applicant will be having multiple UID numbers. It is mostly caused due to system errors but could affect your resident visa processing.

Hence, in such cases, the multiple UIDs must be merged into a single UID Number by raising the request for the merging. It will clear the immigration records and only one UID will be active for the applicant.

Follow the below steps to merge the UID numbers

• Visit the immigration office in UAE – GDRFA – Al Jafliya, Bur Dubai
• Submit the required documents – Passport copy, entry visa copy ( if any)
• Old, expired, or canceled visa page in passport and copies – for reference purposes
• After submitting the documents for review, the authorities at GDRFA will provide you with the updated UID number that you can use for your new residence visa application, Emirates ID, etc.

So in conclusion, UAE is becoming a family-friendly and expat-friendly location with ample facilities and infrastructure to power businesses of any scale and retain global talent within UAE and boost growth prospects.

To know more about UAE Residence visas and the process of applying, talk to our expert business consultants right away!

The post How to Apply for Residence Visa in UAE – Types of UAE Residence Visa Explained 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.