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

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

How to Setup a Car Wash Company in Dubai?

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

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

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

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

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

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

Steps in Obtaining a Car Wash License in Dubai?

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

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

1. Choose a Trade Name and Business Activities

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

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

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

3. Choose the Warehouse Facility or Premises

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

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

4. Obtain the Car Wash License from Dubai Economy

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

Benefits of Setting up a Car Wash Company in Dubai

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

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

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

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

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

Car Wash License in Dubai – Business Scope

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

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

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

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

Parking Car Wash License from Dubai Economy

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

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

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

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

Mobile Car Wash License from Dubai Mainland

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

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

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

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

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

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

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

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

Opening a Holding Company in UAE – Highlights

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

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

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

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

Benefits of Opening a Holding Company in UAE

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

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

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

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

1. Effective Tax Structuring

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

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

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

2. No Intervention in Business Operations

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

3. Complete Ownership of Shares

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

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

4. Own Multiple Lines of Business

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

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

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

5. Residence Visa and Bank Account

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

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

Process of Setting up a Holding Company in UAE

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

1. Choosing the right company structure and business location

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

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

Opening a Holding Company in the UAE Free Zone vs Mainland

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

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

2. Meeting the requirements

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

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

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

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

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

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

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

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

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

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

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

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

The Free Zones are business jurisdictions in UAE that are governed by a specific regulatory authority. Also, for the scope of VAT, Corporate Tax, and other taxation, the Free Zones have certain exemptions. This article highlights the scope of Corporate Tax Applicability in the Free Zones.

Free Zones are exempt from Corporate Tax if they meet certain requirements. It depends on the ‘Qualifying Income’ generated by the Free Zone Company in UAE. There are two types of income classification for the applicability of Corporate Tax in Free Zones – Qualifying Income and Non-Qualifying Income.

UAE Free Zones and Scope of Value-Added Tax

There are more than 45 Free Zones in UAE and they are categorized as Designated and Un-gated Free Zone for VAT purposes. Designated Free Zones in UAE are VAT exempted. They have an in-house customs checkpoint and are gated Free Zones.

They also have direct access to the Airports and Seaports of the UAE. Most of the companies established in Designated Free Zones handle international trade operations and hence are VAT-exempted transactions.

Unfenced or Un-gated Free Zones are onshore Free Zones in UAE that is not gated nor have a dedicated Customer Checkpoint or immigration. They are not completely VAT Free. Depending on meeting certain criteria, they qualify for VAT exemption.  

Qualifying Free Zone Person and Corporate Tax Exemption in UAE

Its mandatory that all Companies in the UAE shall register for Corporate Tax. However the tax applicability depends on various factors including but not limited to the modus operandi of business. In general, a Qualifying Freezone Person ( QFZP) is exempted from Corporate Tax.

Every person conducting business in a Free Trade Zone is automatically categorized as a Free Zone Person. However, in order to be a Qualifying Free Zone Person has to meet certain conditions.

In case of not meeting the criteria, the Free Zone person will not become a Qualifying Free Zone Person (QFZP)and become ineligible for exemption from Corporate Tax..

Following are the criteria the Free Zone Person must meet to become a Qualifying Free Zone

• The entity must have a permanent setup in UAE with staff, offices, and significant business activities in the region.
• The company must not be opened only for tax savings. Instead, they must have real business operations in the region.
• The investor is earning ‘Qualifying Income’ through the business operations in UAE
• Transfer Pricing rules and regulations, and proper documentation of the transactions are kept intact.
• The company has not elected out of the Free Zone tax benefits voluntarily

What is Qualifying Income for a QFZP?

The Qualifying Income for a Free Zone Person to make them eligible for a 0% Corporate Tax are the following:

• Any business transactions with companies located outside of the UAE
• Any trading with companies or suppliers located in the same or any other Free Zone
• Income from any regulated financial Services directed at foreign markets
• Sale of goods by companies located in VAT Designated Zones to UAE Mainland Companies ( If the Free Zone company is the importer)
• Any passive income generated by Free Zone from the Mainland of UAE through interest rates, royalties, dividends, capital gains from owning shares, etc.

All other mainland-sourced income of any kind is subject to the 9% Corporate Tax for the Free Zone Company. For Free Zone businesses to gain an unfair advantage when compared to mainland registered companies, there is the concept of Disqualifying Income.

Disqualifying Income is any income the Free Zone Company has derived by delivering services or sale of goods to a Mainland company in UAE. The profits from these transactions will be subject to the 9% CT if they exceed the threshold amount. Also, this will forfeit their entire tax exemption.

Small Business Relief

Article 21 of the UAE Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (CT Law) provides for ‘Small Business Relief’.

The Ministerial Decision has defined the threshold for the Small Business Relief and also the conditions to be met to fulfil the claim for the relief. The Small Business Relief is for supporting start-ups and other small businesses to reduce their Corporate Tax burden and complaint cost.

Following are the criteria for meeting the requirements for claiming Small Business Relief by companies in UAE. The revenue in the current and previous tax periods is below AED 3Million ( For each Tax Period).

Revenue can be determined based on the applicable accounting standards in UAE. The Relief Threshold will be applicable until 31 December 2026. Businesses cannot carry forward any tax losses to use in future tax periods under the Small Business relief scheme.

Furthermore, once the business elects to apply for the Small Business Relief, they are not eligible to claim the following:

• Exempt Income
• Reliefs for transfer within the qualifying groups
• Deductions on expenditure incurred

There is no specified requirement for such companies to maintain Transfer Pricing Documentation. However, they must still comply with the following:

• Corporate Tax registration
• Maintain Audit Reports to demonstrate the eligibility to claim the relief
• The Election needs to notified to the Federal Tax Authority

Transfer Pricing – for Group Companies

The Corporate Tax Law includes many transfer pricing (TP) provisions that are largely aligned with the Organization for Economic Co-Operation and Development (OECD) principles.

The Ministry of Finance has issued the principles to maintain Transfer Pricing Documentation to promote transparency in the UAE’s Tax System.

The Transfer Pricing rules specified under the Corporate Tax regime ensure the pricing of transactions between a group company, and related persons such as companies, individuals, etc., are not influenced by their relationships.

The transfer pricing documentation requirements aim to ensure taxpayers can prove an arm’s length basis for pricing their transactions with related parties and connected persons using standardized files and standard market rates.

How to Calculate the Corporate Tax in UAE?

The adjusted Taxable income for business under the new CT regime will be the accounting net profit, after adjustments for certain items including the election of unrealized gains/losses, entertainment, interest received, and donations, among others.

That 9% tax will be calculated on the taxable profits and not on the gross revenue of the business. Profits above the sum of AED 375,000 will be taxed under the CT regime.

Hence, Corporate Tax is introduced in UAE to strengthen its position as a financial hub of the world. Also, to comply with international financial regulatory bodies and other organizations such as the OECD to introduce more transparent financial practices.

There are many exemptions and business relief measures introduced alongside the commencement of Corporate Tax in the UAE. Connect with our expert team of Tax Consultants to know more about the Corporate Tax applicability for your organization.

Contact Us: Aurion Business Consultants

The post UAE Free Zones and Corporate Tax Applicability 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.

The Government offers various incentives such as Tax Residency to attract foreign investors to UAE. Especially, from Germany, Italy, the UK, and the rest of Europe. Foreigners can easily start a business in the UAE and settle down in the country.

Tax Residency in UAE helps investors from foreign countries to avail the benefit of Double Taxation. UAE has signed the Double Taxation avoidance agreement with more than 137 countries. Obtaining a Tax Residence Certificate in UAE will help foreign investors to save tax on their incomes earned in UAE. They need not pay taxes for it in their home country.

This article explains the benefits of Tax Residence Certificate (TRC) in the UAE for foreign companies and individuals. Also, how it will help save tax in their home country by leveraging the Double Taxation benefits.

What is a Tax Residence Certificate in UAE?

The Tax Residence Certificate (TRC) is a legal document in UAE that allows residents in UAE to avoid double taxation. They need not pay taxes in their home country for the income earned in UAE. 

TRC Certificate is issued by the UAE Federal Tax Authority (FTA) to a company or individual in UAE. They must have a permanent establishment and be operating from the UAE for 1 year or more. 

Tax Residence Certificate offers transparency and demonstrates accountability. Also, it helps in complying with the tax laws of the country. 

Individuals and companies can pay taxes in only one country. They can pay either in their Country of residence or where the income is generated.

There are no or minimal taxes in UAE. It is beneficial for individuals from high-tax-paying countries to settle in UAE. They can set up a company and operate it from UAE.

What Does Tax Residency Status in UAE mean?

The Tax Residency status allows a UAE tax resident to be exempted from paying double taxation. Being a Tax Resident in UAE allows an individual or company to not pay taxes in their home country for the income earned in UAE.

There are certain conditions the company/individual must meet to qualify for the Tax Residency Status such as:

• Having a permanent establishment in UAE that is fully operational with staff, assets, and business transactions

• Has spent at least 90 (as per the new tax residence law amendment)or 183 consecutive days in UAE

• Have a company operating in UAE for 1 year

• Is a resident of UAE for 1 year or more (for individuals)

International companies as well as individuals can benefit from the tax residency rules in UAE. The Country has a 9% Corporate Tax that will be effective from 1 June 2023 for all companies that have a taxable income of AED 375,000 and above. There are few exemptions for Free Zone companies depending on their nature of doing business.

To know more read about: Corporate Tax in UAE

What are the benefits for a Foreign Company in obtaining a TRC in UAE?

There is a significant benefit for Foreign Companies in obtaining a TRC in UAE. Having a branch/subsidiary company or a new company in UAE is beneficial for foreign investors and individuals. Especially, from countries such as Germany, the UK, Italy, and the rest of Europe, and more.

For Example, a company operating in the UK is liable for a 25% corporate tax. Alternatively, in UAE the rate of corporate tax is only 9%. So, a foreign company branch operating in UAE is subject to 9% corporate tax only for their income earned in UAE.

Also, by obtaining the UAE Tax Residence Certificate, the company will be free from Double Taxation in their home country. They can avail the benefits of the Double Taxation Avoidance Agreement (DTAA) that the UAE has with more than 137 countries. 

Additionally, the company can repatriate its branch profits without any double taxation. Hence, having a branch office or a company in UAE is an effective way to save taxes. Especially, for investors operating in other high-tax-paying countries.

To know more read about Double Taxation Avoidance Agreement.

How Aurion will Assist you?

Aurion has a team of Tax Consultants who are well-versed in the latest Tax Laws in the country. Investors from the UK, Italy, Germany, and, the rest of Europe can avail of the tax consultation from Aurion. They can choose the best tax-saving solution for themselves.

We provide complete help in setting up a company for you in UAE. The team will choose the right Free Trade Zone, educate about business and tax laws in UAE, and more. Foreign investors will have many queries before opening their branch/subsidiary company in UAE.

Connect with our expert business consultants to know more about the tax residence certificate (TRC). Also, Avail of the special discount packages for setting up a company in UAE at the lowest cost.

You might also be interested in reading these articles, ‘Why UAE is a Perfect Choice for Investors from Europe?‘ and Reverse migration from the UK, US, and Canada to the UAE – What to Know?

The post How Tax Residency in UAE can help Investors from Germany, Italy, the UK, and the Rest of Europe? 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.

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.