Company Registration in UAE Archives - AURION Thu, 20 Mar 2025 11:00:31 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.2 Most Profitable Business in UAE https://www.dubaifreezonecompany.com/blog/2025/01/28/most-profitable-business-in-uae/ Tue, 28 Jan 2025 07:37:48 +0000 https://www.dubaifreezonecompany.com/blog/?p=3593 UAE is a hub for startups and new businesses. Several business activities are most profitable in the UAE. This article highlights the most profitable business that investors can start in the UAE. There are various aspects to consider when looking at profitable companies in the UAE. The initial business setup cost is an aspect that some companies consider reducing the...

The post Most Profitable Business in UAE appeared first on AURION.

]]>
UAE is a hub for startups and new businesses. Several business activities are most profitable in the UAE. This article highlights the most profitable business that investors can start in the UAE. There are various aspects to consider when looking at profitable companies in the UAE.

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.

Most Profitable Business in UAE

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.

Most Profitable Business in Dubai

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.

The post Most Profitable Business in UAE appeared first on AURION.

]]>
Banking Services in Dubai – Process of Opening a Business Bank Account in UAE https://www.dubaifreezonecompany.com/blog/2024/07/05/business-bank-account-in-dubai-uae/ Fri, 05 Jul 2024 11:57:09 +0000 https://www.dubaifreezonecompany.com/blog/?p=3493 Dubai is an attractive investment destination for entrepreneurs from around the world. The vibrant economy and foreign population make Dubai one of the best options for settling down, working, or doing business. Investors can also open a Business Bank Account in UAE without hassle. So, for the companies operating in Dubai to conduct financial transactions, having a business bank account...

The post Banking Services in Dubai – Process of Opening a Business Bank Account in UAE appeared first on AURION.

]]>
Dubai is an attractive investment destination for entrepreneurs from around the world. The vibrant economy and foreign population make Dubai one of the best options for settling down, working, or doing business. Investors can also open a Business Bank Account in UAE without hassle.

So, for the companies operating in Dubai to conduct financial transactions, having a business bank account is an essential requirement. The investors can open new startup companies and have a bank account for their company.

Business Bank Account in UAE

Dubai provides a lot of business benefits for investors. Also, the top-notch transport network, luxurious lifestyle, tax-free personal income, robust law and order system, etc., make Dubai the prime choice to set up a new company.

Additionally, the business owners would be required to open a corporate bank account to run their daily business operations. For that investors can choose from UAE banks and also a variety of international banks having a presence in the country.

How to Open a Business Bank Account in Dubai?

The network of banks in Dubai, UAE offers a variety of investment products to business owners. They all offer reliable and top-class services to business owners.

The banking network in Dubai is excellent with a vast number of banking products that are beneficial for the investors such as business loans with low interest rates, credit cards with many attractive offers, and more.

AURION being the pioneer in the field of business consulting and having more than 17 years of expertise in management consulting, has a long-lasting relationship with all of the major banks in the country.  

So, our team of Business Consultants will guide you with the right choice for all your business banking requirements. Ranging from business loans to credit cards, the banks in UAE will offer business owners a host of banking products to choose from for their company.

 The Process of Opening a Business Bank Account in Dubai?

The business owners must follow a process for opening a corporate bank account in Dubai. They can get expert assistance from Business Consultants such as AURION. So, for opening a bank account in Dubai, they must have a few documents ready as well as clear a KYC (Know-Your-Customer) exercise.

1. Select the Right Bank

There are a handful of national and international banks that have a presence in the region. Each offers a variety of banking products for the business owners. Hence, businesses must make a wise choice when onboarding them with a bank in the UAE.

Business Bank Account in Dubai

Also, there is an eligibility criterion to qualify for a bank account in the UAE. Furthermore, a Trade License, UAE residence visa and local address are required for the bank account opening. Additionally, there is a minimum balance requirement in most of the banks.

2. Get the Trade License

Obtain the Trade License from any of the Free Trade Zones or Mainland of UAE. Depending on the chosen Free Trade Zone and the nature of business activity, the banks in UAE will offer the right banking solution.

 3. Prepare the Documents

There are certain documents required to open a business bank account in Dubai. To strengthen the profile the bank would need proof of the business, any contracts or invoices, company; supplier details and more.

Again, only a few banks ask for all those details, it depends on the investment and nature of the business. In general, the banks will request for submitting a copy of Emirates ID, Company Trade License, Incorporation Certificate (if any), Lease/Tenancy Agreement, Shareholder details – passport copy, photographs, authorized signatures, etc.

Additionally, the banks will ask for the shareholder’s bank statement, Company Memorandum, Power of Attorney (if any), and the suppliers/buyer’s information. With the help of expert Business Consultants, they can prepare all the required documents for the opening of the bank account.

Challenges in Opening a Corporate Bank Account in Dubai, UAE

Many startups and businesses have challenges while opening a business bank account for their company. Sometimes the bank account opening will take months and have strict KYC norms.

Bank Account opening is essential for the company to conduct its commercial activities. There are various reasons why the bank account opening is a challenge in Dubai. A few of the reasons are:

  • Strict regulatory compliance and laws like the Anti-Money Laundering (AML)
  • Proving the owner’s credibility as a business owner
  • Weak business plan and trade forecasts
  • Absence of a physical office space
  • Meeting the minimum balance requirement

Few banks in UAE will have a stricter KYC in place for Free Zone companies with Virtual Offices. It could be a challenge to open a corporate bank account with a virtual office in a Free Trade Zone.

Business Banking in UAE

However, with online banking services from Mashreq – The Mashreq Neo, and RAK Bank’s RAK Starter, as well as WIO Bank. So, even though there are strict regulations, by producing the right documentation, the company can open a business bank account for their company in the UAE.

Our team can help you with the right bank account in the UAE. The KYCs and other regulations will help to safeguard and ensure the transactions are clean. Any scams or unauthorized accesses will be denied and thus secure the banking transactions.

How AURION will guide business investors?

AURION has extensive experience in dealing with international and local business regulations. The team will help in opening the Business bank account in UAE. By analyzing the specific business requirement the team will provide the right option for the business owners.

The team will liaise with the banking experts and put the application across for review. We will ensure you obtain the bank account for your business. Get end-to-end business and banking consulting from AURION. 

We handhold you in every stage of company formation, visa processing, legal documentation, special approvals, bank account opening and more. Connect with us for a business consultation and for opening a bank account in Dubai, UAE. We will help you realize your dreams easily.

The post Banking Services in Dubai – Process of Opening a Business Bank Account in UAE appeared first on AURION.

]]>
Start a Representative Office in Dubai https://www.dubaifreezonecompany.com/blog/2024/06/10/start-a-representative-office-in-dubai/ Mon, 10 Jun 2024 08:33:48 +0000 https://www.dubaifreezonecompany.com/blog/?p=3472 Dubai is a popular trade hub of the world. There is enormous business opportunity in the city of Dubai. Large Multinational Companies have their head office in Dubai. At the same time, there are numerous small and medium companies in the region showcasing positive growth rates.  Starting a representative office in Dubai is a lucrative business opportunity for foreign investors...

The post Start a Representative Office in Dubai appeared first on AURION.

]]>
Dubai is a popular trade hub of the world. There is enormous business opportunity in the city of Dubai. Large Multinational Companies have their head office in Dubai. At the same time, there are numerous small and medium companies in the region showcasing positive growth rates. 

Starting a representative office in Dubai is a lucrative business opportunity for foreign investors who have a strong business background in their home country. Representative Office can be seen as a strategic way to expand the business to new geographies easily without incurring much expense. 

This article highlights the characteristics of a Representative Office in Dubai and how to open one for your foreign company. The article also touches base on the scope of a Representative office in Dubai.

What is a Branch Office and Representative Office in UAE?

So, let’s delve into the understanding of what a representative office is in the UAE. A representative office is an extension of the parent company entity into a new market. It is part of the same entity and not considered as an independent entity. 

representative office in dubai

A Representative Office cannot sell or indulge in any profit-generating activities. It can be only an office with staff that will outsource all the sales to the head office or the parent company. The representative office will be for liaising and building client relations only. 

So, technically a branch office and a representative office are two different types of company structure. In the section below we will look at the major differences between the two business entities. 

Differences between a Branch Office and a Representative Office in UAE

The major difference between a Branch Office and a Representative Office in UAE is the functioning. The modus operandi of both entities are distinct. A Branch Office is treated as a separate independent entity and a profit centre. They can conduct business, hire employees manage the book of accounts, operate independently and handle additional responsibilities. 

Whereas, a representative office is an extension of the parent company. It is not a profit centre but an expense. There is no revenue generation in a representative office.

They outsource the work to the parent company. The Representative office is for customer service and liaising and no actual sale is happening via a representative office. 

Why Set up a Representative Office in UAE/ Dubai?

The Representative Office in UAE/Dubai will help the foreign investor easily expand their business to new geographies. It is a gateway to new business opportunities. The parent company that is based in a foreign country can easily enter into the UAE’s market landscape with minimal investment.

They can test the market, conduct market research, perform marketing activities, gain contacts, and more.

Most of the investors based in Dubai, UAE prefer to associate with a brand or company that has a local presence in the region. So, the Representative Office can act as a liaison office where the investors can visit and learn more about the processes and functioning of the parent company.

In a representative office, there are marketing staff and a Director who represents the company. All queries regarding the company’s operations would be addressed by the representative office. So, opening a representative office in Dubai has many business advantages for the business owner.

What are the Advantages of a Representative Office?

Following are the advantages of opening a Representative Office in Dubai. The strategic location of Dubai makes it a business centre. The convenient time zone for doing business with the West and Asia makes Dubai a top choice for establishing a company. 

Similarly, The stable economy, growing business opportunities, and 100% foreign company ownership in the Mainland and Free Zone attract many foreign business investors to the UAE. Furthermore, the tax exemptions and simplified business setup processes are other major reasons many investors choose Dubai to incorporate their company.

Additionally, the business-friendly government and state-of-the-art infrastructure, Airport and Seaport, etc., make UAE a perfect trade and logistics hub. So, establishing a presence in Dubai, UAE is highly beneficial for the companies.

By being in UAE, the company can expand their trade operations to international markets easily. Also, there is an availability of a diverse workforce in the region. Furthermore, the high standard of living and lifestyle attracts a lot of international talent to the city of Dubai.

Similarly, there is a vibrant business community ideal for networking, partnerships, and collaborations. Also, there are year-round trade fairs and exhibitions for business promotion in the region.

Steps to Set up a Representative Office in Dubai

There are various steps to follow for setting up a representative office in Dubai. To start the operations in Dubai, the business owner must legally get a trade license from the Dubai Economy or the respective Free Zone.

As the first step, they must attest the parent company documents from the UAE Embassy in the home country. Then, counter-attest the documents from the Ministry of Foreign Affairs in UAE.

Now choose the same trade name as the parent company for the representative office. Add the list of legal business activities they can continue to operate as a representative office.

Then, Submit the parent company documents, and attested board resolution stating the appointment of a Company Director with full power to operate and manage the representative office in UAE.

Also, make the fee payment for the trade license of the representative office in UAE to the licensing authority.  Once the trade license is obtained, start operating the representative office in full swing by adhering to the legal scope. 

Cost of Representative Office setup in Dubai

The Cost of a representative office setup in Dubai on the mainland is approx. around AED 30,000 for a virtual office and 1-year trade license. When more visas and physical office space are required, then, the cost adds up. 

Similarly, in the Free Zone, the representative office can be set up with a virtual office and 1-year trade license at approx. AED 14,900. Again, as we add office space and more visa quotas, the cost will go up accordingly.

Aurion will guide the investors throughout the process of establishing a representative office in the UAE. The team is here to clarify all your queries regarding the set-up of the company. Connect with our expert team to learn more about the things to consider before setting up a Representative Office in UAE.

The post Start a Representative Office in Dubai appeared first on AURION.

]]>
Indian Branch Office Registration in UAE – Things to Know https://www.dubaifreezonecompany.com/blog/2024/06/10/indian-branch-office-registration-in-uae-things-to-know/ Mon, 10 Jun 2024 06:48:59 +0000 https://www.dubaifreezonecompany.com/blog/?p=3465 India shares a very extensive trade relation with the UAE. The bilateral trade relation between India and UAE is more than two decades old. The latest Comprehensive Economic Partnership Agreement (CEPA) with India and UAE further strengthens the trade relations of both the countries. For Indians, Dubai, UAE is a second home with many relatives and friends in the region....

The post Indian Branch Office Registration in UAE – Things to Know appeared first on AURION.

]]>
India shares a very extensive trade relation with the UAE. The bilateral trade relation between India and UAE is more than two decades old. The latest Comprehensive Economic Partnership Agreement (CEPA) with India and UAE further strengthens the trade relations of both the countries.

For Indians, Dubai, UAE is a second home with many relatives and friends in the region. So, many are shifting their base to Dubai by opening a branch office of their Indian Company.

Also, there are numerous reasons for Indians to open a branch office in Dubai. The improved trade and commerce opportunities, absence of import duty in Free Zones, the favourable taxation, business friendly rules, etc.

How can an Indian Company Open a Branch Office in Dubai?

An Indian Company to open a branch office in Dubai must follow certain procedures. Most importantly, it is the parent company document attestation. The Parent Company must attest their company document from the UAE Embassy in India. 

The parent company documents include the company’s incorporation certificate, article of association, and memorandum of association. Additionally, in requirement of a power of attorney, notarize and attest it also from the UAE Embassy in India.

The shareholders must send the attested documents to UAE for the Ministry of Foreign Affairs (MoFA) Attestation. Furthermore, submit these documents to the respective trade license authority in the Emirate. 

So, there are numerous steps involved in the opening of a branch office of an Indian Company in Dubai. Hence, it is advisable to get in touch with a trusted Business Setup Consultants such as AURION. They have in depth knowledge about the company setup operations in the UAE.

Steps to Establish Branch of Indian Company in UAE 

To establish a branch of India Company in the UAE Mainland, the investor must proceed with their company registration process. They can go ahead with the respective Department of Economic Development (DED) of the Emirate for processing the trade license.

The steps involved in opening a branch office in UAE in Mainland and Free Zone are almost similar. However, the major difference being the change in Licensing Authority.

1. Steps to Establish Branch of Indian Company in UAE Mainland

In the Mainland, it is the Department of Economic Development, the licensing authority that issues the trade license for the branch office. So, to obtain the Trade License, submit the shareholder details and the attested parent company documents to the authority for review.

Additionally, as it is a branch office setup, the shareholders of the parent company in India must also pass a board resolution stating the opening of a branch company in Dubai and appointing a director who is available in UAE to manage the branch office. 

Also, the board resolution must be attested by notary and from UAE Embassy in India, then send it to the UAE for the MoFA attestation. All company documents in India must be notarized before sending it for UAE Embassy Attestation in India to avoid any rejections.

Furthermore, these attested company documents, shareholder details must be submitted to DED Mainland Authorities for review. After making the payment and conducting a review, the licensing authority will issue the branch office license in UAE from the Mainland. 

2. Steps to Establish Branch of Indian Company in UAE Free Zone

So, now when it comes to establishing a branch of an Indian Company in a UAE Free Zone, the steps are almost similar with the only change being the Licensing Authority will be the respective Free Zone.

Also, the branch company in the Free Zone will have all the compliance requirements as per the Free Zone business regulations. The Free Zone branch office will act as a representative or sales office for the parent company in UAE.

Depending on the nature of business operations the branch office can function accordingly. They can hire local employees, appoint a Director, import-export goods to the UAE and more. The Free Zone Branch company can perform all operations as stated in the Trade License.

For establishing an Indian Company Branch Office in UAE Free Zone, the attested parent company documents ( UAE Embassy and MoFA Attested) must be submitted to the Free Zone Authority for review.

Furthermore, make the fee payment and obtain the new Branch Office License from the Free Zone in UAE. When it comes to choosing the right Free Zone, there are various aspects to consider for the business owner.

Depending on their business activity, office/warehouse space requirement, proximity to Seaport/Airport, overall company setup cost, and more,the business owner can decide on which Free Zone to go about.

Benefits of Setting up an Indian Company Branch in Dubai

There are numerous benefits for the business owner in setting up an Indian Company branch in Dubai. For Indians, Dubai holds a special place in their heart as they have many acquaintances here in the city. Moreover, Dubai offers several business benefits for the indian investors such as 

  • World Class Infrastructure and Business Ecosystem to grow the business to international level
  • Business Support from the Free Trade Zones and Department of Economic Development 
  • The Business Friendly Trade Agreements such as the CEPA that promotes bilateral trade
  •  Favorable Taxation Policies, e-Governance, ease of doing business in the region
  • Well connected by roads, airport/Seaport Cargo Handling Capacity, growing trade and commerce destination of the world 
  • Luxurious living, soaring property prices, digital and technological advancements 
  • Partnership and collaboration with top-class companies across various industrial sectors, and more

Cost of setting up an Indian Company Branch Office in Dubai

There are various factors that depend on the cost of setting up an Indian Company Branch office in Dubai. However, approx. for a branch office in Dubai Mainland, the cost is AED 28,000 for a trade license with virtual office type setup. When office space requirement, location priority, employment visa, etc., adds on, the cost of setting up a branch office will go up significantly.

Similarly, for opening a branch office in a Free Zone, the cost starts from approx AED 14,900 for a 1 year license with 1 visa quota. The office space, employment visa requirements, etc., adds up to the over cost. Our team of expert Business Consultants will guide you with the right choice of Free Zone at the lowest cost. 

How AURION setup your Indian Company Branch office in Dubai?

AURION is a renowned business setup consultants UAE with more than 17 years of Business Expertise. The team will guide the business owners with the right steps to open a Indian Company Branch Office in Dubai. 

Starting from the document attestation, document submission, to setting up the office in the Free Zone or the Mainland; the team is always here to guide you with the right advice at all instances.

Connect with our expert Business Consultants right away to know more about opening an Indian Company branch Office in Dubai.

The post Indian Branch Office Registration in UAE – Things to Know appeared first on AURION.

]]>
What is the minimum investment to start a business in Dubai? https://www.dubaifreezonecompany.com/blog/2023/07/03/minimum-investment-to-start-business-in-dubai/ https://www.dubaifreezonecompany.com/blog/2023/07/03/minimum-investment-to-start-business-in-dubai/#comments Mon, 03 Jul 2023 11:50:00 +0000 https://www.dubaifreezonecompany.com/blog/?p=1163 Global investors are curious about how they can expand their business to Dubai. So they are always looking for the options available to start a business with minimum investment in the city. This blog will explain the answer to the question – “What is the minimum investment to start a business in Dubai?”. When it comes to minimum investment to...

The post What is the minimum investment to start a business in Dubai? appeared first on AURION.

]]>
Global investors are curious about how they can expand their business to Dubai. So they are always looking for the options available to start a business with minimum investment in the city. This blog will explain the answer to the question – “What is the minimum investment to start a business in Dubai?”.

When it comes to minimum investment to start a business, there is no other place in the world other than Dubai that offers the perfect fit. Dubai will always be the first choice for any investor due to the growing business infrastructure, low-cost company setup, low taxation, and more.

The minimum investment to start a business in Dubai is approx. AED 11,900 for a Free Zone company. There are a host of benefits to establishing a business in Dubai. Well, the minimum investment requirement is based on the nature of the business activity, company location, (such as Free Zone or Mainland) office furnishing, rental expenses, and more.

What is the minimum investment to start a business in UAE?

In UAE, there are many businesses that can be started with a minimum investment. The cost will increase as the investor require a visa and office space. The foreign investor can start a business in the Mainland of UAE or the Free Zones. A few of the business activities such as retail, trading, real estate, tutoring, etc., are popular in the mainland of UAE.

AED 5,500 is the minimum investment to start a business in the UAE for a Free Zone company. The cost will increase if you require a visa and office space. Even though there are many options available in UAE, most of global investors choose Dubai for setting up their business.

Minimum investment in Dubai

For a Mainland Company in Dubai, the minimum investment to start a business will be around AED 30,000 for an LLC Company. The Entrepreneur gets a one-year trade license to operate the business and gain a significant market presence.

They can subsequently renew the trade license or upgrade the business package to multiple visa quotas with Office space as per the requirements. Similarly, for the investors to obtain a free zone trade license with office space and visa quota, the minimum investment for the company in Dubai is around AED 17,900.

For the Office Space requirements, there are FlexiDesk, Shared Offices, Executive Offices, and more at varying rates. Investors can choose the required office space depending on their specific business requirements and budget.

Aurion will assist investors in choosing the right company package with the minimum investment required for starting a business in Dubai.

Business investment in UAE

Business with minimum Investments to start in Dubai

There are several businesses to start in Dubai with minimum investment. These businesses can be set up with minimum budget as capital and there will be close to zero additional requirements.  So, the following list of businesses will have a minimum investment capital to start.

1. eCommerce Shopping

eCommerce is a growing business sector in the UAE. There are many benefits to starting an e-commerce company in the region. Drop shipping will help to keep the cost low for e-commerce companies as they are not physically storing goods but taking orders from the customer and directly arranging manufacturer to send the items.

So, there are several ways e-commerce will be helpful the consumers. It will also encourage more online shopping.

Business laws in UAE

2. Beauty Salon

Beauty Salon Opening a beauty salon is a cost-effective business in Dubai. There is an immense demand for beauty salons in the UAE. Under each residential building, you can find a beauty salon in the UAE. It is one of the businesses that can be started with a minimum investment.

3. Property Management

Property Management is another sector that requires minimum investment requirements. They do not own most properties, they have to oversee only. This is a low-cost investment in the UAE.

4. Home Baking

Home baking is another minimum investment business in Dubai that anybody can easily start. There is much demand for homemade products in Dubai.  Many ex-pats are staying away from their families in the region,

So, home-based food always holds a special place in everyone’s heart. There is immense potential for a home baking business in the UAE.

5. Tour Agency

Tour Agency is another promising business in UE that can be started with a minimum investment. There are several opportunities for a tour company in UAE. They can get corporate bookings and plan for large tours.

Also, they can coordinate both national and international tours. Tour agencies can operate remotely without an office initially and then scale up as required. So, a tour agency is a business that can be started at a minimum investment in Dubai.

6. Event Management

The event management company is one of the best businesses that can be started at a minimum investment. There are many opportunities for an event management company in the UAE. All around the year, there are various events in UAE such as large-scale musical concerts, movie trailer launches, Award shows, corporate events, and more.

An Event management company can be remotely set up initially and coordinate the activities through online, via email and meetings on the client side. It can be set up at a minimum investment in the UAE.

7. Garment Trading

Garment Trading is a prospective business idea in the UAE as there is a growing demand in the region for garments. Also, the UAE exports garments to countries such as Europe and the US.

Garments can be either fetched from local suppliers or internationally from markets such as China, Turkey, India, Pakistan, Bangladesh, Vietnam, and more.

So, entrepreneurs can easily start a garment trading company in Dubai and successfully scale up their business. Garment trading is one of those businesses that require a minimum investment to start.

8. Marketing Consultancy

Marketing Consultancy is another business category that requires a minimum investment to start in Dubai. It can be operated from a cafe or your home. There is no mandatory requirement to have a physical office in the UAE.

There is an enormous business opportunity for a marketing consultancy in the UAE. They help several companies to scale up their marketing efforts. They will advise the company’s decision-makers to apply strategies that will help grow their business.

So, several small businesses in the UAE can be started at a minimum investment. These can be easily scaled up to larger businesses as per requirement. Our team will guide you to set up your company in UAE at a minimum investment.

Foreign investors can easily set up their business in the UAE at minimum investment. They can gain International business presence and growth with minimum investment in Dubai. UAE has it all for businesses and investors to work, live, and settle for a long time peacefully and profitably.

To know more about the Minimum investment to start a business in Dubai and Company Formation in Dubai, UAE, talk to our expert Business Consultants right away!

The post What is the minimum investment to start a business in Dubai? appeared first on AURION.

]]>
https://www.dubaifreezonecompany.com/blog/2023/07/03/minimum-investment-to-start-business-in-dubai/feed/ 1
Freelance License in UAE for Remote Work https://www.dubaifreezonecompany.com/blog/2022/10/20/freelance-license-in-uae-for-remote-work/ https://www.dubaifreezonecompany.com/blog/2022/10/20/freelance-license-in-uae-for-remote-work/#comments Thu, 20 Oct 2022 03:32:00 +0000 https://www.dubaifreezonecompany.com/blog/?p=458 UAE is a business-friendly country with a growing opportunity and infrastructure support to promote business and trade in the region. Starting from freelance license to commercial business license, UAE offers a host of business license types for entrepreneurs.
With the onset of Pandemic, the regular working hours are shortened and businesses are taking precautionary measures to comply with the Covid-19 regulations by initiating work from home for the safety of employees and society

The post Freelance License in UAE for Remote Work appeared first on AURION.

]]>
UAE is a business-friendly country with a growing opportunity and infrastructure support to promote business and trade in the region. Furthermore, remote working opportunities and getting a Freelance License in UAE are becoming easier.

Freelance License in UAE can be obtained from the Free Trade Zones and the Dubai Economy. There are selected activities for which the Freelance License is available. The Freelance License cost starts from AED 5,750 for media related license in Sharjah Media City Free Zone.

In Dubai, the Freelance License cost around AED 8,500 for the 1 year license. Businesses in the region are experimenting with remote working possibilities. They are also focusing on efforts to reduce overheads and employment expenses.

Above all, many companies as part of cost-saving methods move to the Work-from-Home model. They are delegating projects to remote working staff and Freelancers

Remote Working – A New Trend

Remote work setup is becoming a mainstream of business operation globally. Presently, more than 80% of companies are resorting to the remote work environment to stay afloat in the turbulent market situations.

There is no requirement of huge office spaces for companies when employees are working from home. Hence, entrepreneurs can lower the overhead costs of maintaining an office space. Instead, they can hire freelancers with a valid Freelance License in UAE for projects.

Presently, remote working and Freelance license is becoming popular in UAE. Many entrepreneurs and companies are looking at various business models to sustain business growth. The remote working setup helps to enhance productivity and profitability with minimum expense.

Hence, these scale-able Remote Working Setups become investors’ favorite choices for setting up a company in UAE and growing the business eventually.

Remote Working Setup with the Potential to Easily Scale-Up

The Work-from-Home concept has given rise to a host of businesses that can scale up easily in the remote work environment. Following are the few business areas in focus:

1. Digital Marketing Consultancy

Digital Marketing is a key business area that is witnessing a positive growth rate presently.  As a result of companies and consumers remaining indoors, internet usage grew dramatically. Also, more people entered the world of digital communication.

Thus, there is an enormous opportunity to tap into a new audience group by leveraging digital channels. So, Digital Marketing Consultancies are in huge demand to share their expertise. They help brands to effectively reach out to the digital audience.

Setting Up a Digital Marketing Consultancy in UAE

Entrepreneurs can easily set up a digital marketing company in UAE. They can opt for a services license from the UAE Free Zones for an affordable fee.

So, to start the business with minimal investment, the entrepreneur can look for a freelance license or a company license with 1 visa quota. Then eventually expand to a full-fledged digital marketing consultancy.

To keep the overall company setup cost and overhead cost low, entrepreneurs can look for flexible-desk space or shared workspace. Subsequently, for executing digital services a huge office space is not an essential requirement.

One requires a good laptop and internet connectivity to execute digital projects for clients. All client meetings can be arranged on-premises or in any convenient location. So, digital marketing consultancy is the best choice for remote working.

Check out the latest UAE Free Zone offers here: Cheapest Free Zone in UAE

2. Freelance Marketing Consultants

Freelance Marketing Consultants are the next most in-demand professionals globally. Many companies are currently looking for resources to coordinate marketing activities and gain a strong online and offline presence.

Marketing Consultants have a key role in promoting the brand image and reach for the product & service of a company. So, entrepreneurs can take a Freelance License from any of the Free Trade Zones in UAE. They can easily start a marketing consultancy through a remote work setup.

How do Marketing Consultants help Companies?

Effective strategies are implemented using marketing expertise and the results are tracked. It is a perfect remote working setup where the Marketing Consultant can work in isolation and collaborate using online channels.

To gain better visibility in the online space the companies are depending on Marketing Consultants.  They help companies with innovative marketing practices to strengthen the brand’s presence online and in other channels too.

Freelance License in UAE

Companies explore various marketing initiatives to gather leads for their business through the help of a marketing consultant. Hence, a Freelance Permit in the field of Marketing will help entrepreneurs easily start a marketing consultancy for themselves.

For an entrepreneur who is a marketing professional or has experience in the marketing consulting field, there is an immense business opportunity in the field.

Explore the various Freelance License Packages here.

3. Online Tutoring and Coaching

Online Tutoring is witnessing rising popularity presently. It became a common online education business category during the lockdown period.

Since, schools, colleges, outdoor activities, and events were restricted, the demand for online coaching and study classes saw an increased acceptance. Online Tutoring is widely used in many parts of the world where internet connection is stable.

It is a perfect option for remote working and investors can obtain an educational training service license from the Free Zones of UAE. The entrepreneur can also obtain a Freelance Permit for delivering online tutoring services to students in UAE and abroad without any hassles.

There is a rising opportunity in the Online Tutoring space. The demand for online tutoring services is increasing with more kids having internet access. There are many applications, course aggregators, and online providers that require content creators, tutors, and many more.

Growing Business Ecosystem of Home Tutoring

The Home Tutoring ecosystem is in a nascent stage at present. It is expected to grow into a full-fledged business sector soon with more players entering the online tutorial market.

There is a vast range of online courses available for users to enrol in and take classes. It ranges from home tuition for kids, learning music, art, yoga, etc., to learning a new skill for professionals, and more.

Hence, entrepreneurs entering the segment have immense verticals to work on like coordinating with tutors, scheduling the course, enrolment, preparing the course details, and more.

4. e-Commerce and Online Shopping Portal

e-Commerce is another area that is seeing a surge in growth since the shift of consumers to online platforms for purchase. Online shopping rose sky-high with people moving to online shops, e-commerce portals, and online food delivery to meet their daily needs.

There is enormous opportunity in this sector for start-ups and investors to start small and scale up. With a small drop-shipping or home-based e-commerce store, entrepreneurs can scale up high.

Entrepreneurs can leverage their skills in e-commerce order management, home delivery, logistics, eCommerce portal management, and more. It is the right choice for investors choosing remote work as they can manage everything online.

5. Virtual Assistance

Virtual Assistance Services connects the world in the digital space. It has a wide scope starting from support to booking a doctor’s appointment to getting the banking services sorted; there are Virtual Assistance services available now.

Freelance License in UAE for Remote Work

It is a perfect choice for remote working from a home office, coffee shop, or anywhere. Virtual Assistance helps investors to achieve a steady workflow, clients, and money to sustain the business with minimal investment.

The entrepreneur can obtain a Freelance Permit with a consultancy license. Most of the work can be coordinated remotely via online platforms.

6. Home Bakers and Cloud Kitchen

There is a growing trend in home bakers and cloud kitchens in busy towns that provide homemade meals and bakery items to work professionals on-demand. It is a perfect choice for remote working in UAE.

For entrepreneurs to launch a home baker store or a cloud kitchen is very easy with few alternations to the home kitchen to accommodate the quantity you plan to sell.

In the UAE you can obtain a business license (Food/Cafeteria License) to start your home bakery or Cloud Kitchen after receiving the necessary approvals and the company documents.

The above-indicated business areas are not an exhaustive list of potential categories that are easily executed in a remote working setup.

In most of the cases above, the investor can take a 1 visa business license from the UAE Free Zones or a Freelance Permit to conduct the business operations.

To know more about the ways to set up a company in UAE in the most cost-effective way, talk to our team!

Contact Us: Aurion Business Consultants

The post Freelance License in UAE for Remote Work appeared first on AURION.

]]>
https://www.dubaifreezonecompany.com/blog/2022/10/20/freelance-license-in-uae-for-remote-work/feed/ 2
How to get a Co-Working Spaces in UAE Free Zones? https://www.dubaifreezonecompany.com/blog/2022/10/07/co-working-spaces-in-uae/ https://www.dubaifreezonecompany.com/blog/2022/10/07/co-working-spaces-in-uae/#comments Fri, 07 Oct 2022 02:04:00 +0000 https://www.dubaifreezonecompany.com/blog/?p=795 UAE is transformed into a start hub and an investor favorite business center for establishing a company. There are more than 40 plus free trade zones in UAE offering attractive business setup packages for foreign investors.

The post How to get a Co-Working Spaces in UAE Free Zones? appeared first on AURION.

]]>
UAE is transformed into a smart hub and an investor-favorite business center for establishing a company. Co-Working Spaces in UAE are gaining popularity among investors. Also, the Free Zones and Mainland provide Co-working Spaces at low cost for entrepreneurs.

So, investors can get a Co-Working Space in UAE Free Zones by taking a virtual license and opting for a Flexi-Desk or Shared office for their company. 

Coworking space in UAE

What are Co-Working Spaces in UAE?

Co-working Spaces in UAE are basically Share-desk or Flexi-Desk facilities for investors to work for specific hours in a day. It is a great option to save the initial setup fees and office rent.

Start-ups and Freelance choose Co-Working spaces in UAE initially to manage their expenses and make a profit from the assignments. The Free Zone in UAE has dedicated Co-Working spaces for investors who opt for a virtual company license.

Thus, Co-working spaces have many advantages over fully customized office spaces. It is a perfect choice for entrepreneurs who are building a new client base and expanding the market. 

Why Should an Investor Choose a Co-Working Space in UAE?

The business scenario in UAE is at a growth phase with more start-ups entering the market. Freelancers and entrepreneurs are exploring new market opportunities constantly and co-working spaces are perfect to start with and then scale up to a fully customized office space in the free zone.

1. Flexibility

Co-Working spaces in UAE provide entrepreneurs the flexibility to work in their desired comfort and not bound by a typical office setup. So, it helps the entrepreneur to focus more on the core business and reduce the burden of operating expenses.

Also, most of the co-working spaces in UAE have 24-hour access and the investor can plan their day and split jobs and take care of a family along with having a fully concentrated workspace.

2. Convenience

Convenience is the key to co-working spaces in UAE. The ability to keep the cash flow low and choose the working space on demand is a win for co-working spaces.

Thus, the investors can choose the workplace according to the requirement and volume of work. They can keep the operational expense at an all-time low at the same time focus on the core business activity more effectively.

3. Networking Opportunities

There are immense networking opportunities in co-working spaces in UAE. Like-minded innovators and entrepreneurs can share business ideas and collaborate on projects.

Hence, entrepreneurs can easily strike up conversations and ideate for new projects. Also, co-working spaces are a perfect launchpad for start-up applications to test the audience.

Co-working space in dubai

Subsequently, the Co-working spaces in UAE also conduct frequent professional development workshops, regular networking events, etc., that will help build business contacts and gain new customers. Also, it is a perfect place for word-of-mouth marketing and will amplify your visibility for you as an entrepreneur.

4. Amenities & Services

Co-working spaces have world-class infrastructure and modern amenities to keep entrepreneurs active around the clock. It has every business support system that will easily help in scaling up your venture.

Hence, most of the co-working spaces across the world have the following in common:

  • Meeting rooms- Conference rooms for calls, meetings, with potential clients, and holding strategic discussions
  • Break Spaces- Outdoor areas, pool tables, and lounges
  • Office Stationery – Office furniture, Flexi-desks, office stationery
  • Cafes & Restaurants – Free Coffee, fruits, basic appliances fridge & microwave, etc.
  • Work-Life Balance
  • Co-working spaces

5. Work-Life Balance

Co-working spaces help the entrepreneur to plan their day more effectively and be free of distractions while they are focused on work. Thus, they can access their workspace at any convenient time and maintain a healthy work-life balance by being with family and friends too during their off-peak hours.

Also, the 24-hour access to Co-Working spaces in UAE allows entrepreneurs to spread their work and errands to a 24-hour window.

Free Zones in UAE – Co-Working Spaces Available

The Free Trade Zones in UAE play a vital role in the progress of business and commerce in the region. The start-up growth in UAE is powered by the cost-effective business license and freelance license package.

free zone Coworking Spaces in UAE

Hence, most of the Free Trade Zones in the UAE offer co-working spaces and Flexi-Desk office areas for freelancers and entrepreneurs to easily start and scale up their business ventures. 

Co-Working Spaces in Dubai Free Zones

With the start-up revolution in Dubai and more foreign investors focusing on setting up their base in the region, the demand for Co-Working spaces is skyrocketing.

Additionally, in the Free Zones and Mainland, there is a boom of Co-Working spaces. Entrepreneurs opt for doing their work by paying for the business infrastructure and allied utilities on a pay-as-you-use model.

1. Dubai Silicon Oasis – IFZA

Dubai Silicon Oasis-IFZA is the fastest growing Free Trade Zone that has exclusive company formation packages for start-ups and innovators. The Free Trade Zone offers a host of cost-effective business setup packages available for entrepreneurs.

IFZA offers a low-cost business license package with a flexi-desk and shared office setup for the investors. The business license cost starts from AED 17,300 for setting up a One Visa Quota company in the Free Zone

IFZA Dubai offers the perfect platform for start-ups to thrive. The business infrastructure, virtual events, Free Zone Authority support, business ecosystem are all ideal for the start-ups to grow.

The straightforward company formation process, faster UAE residence visa process, Dubai Address, proximity to Business Centers of UAE, etc., are add-ons for the popularity of this Free Zone among start-ups and entrepreneurs.

2. DMCC – Dubai Multi Commodities Centre

DMCC Dubai offers cost-effective business setup packages for investors. There are approved Co-Working spaces in DMCC Free Zone that investors can sign up with after receiving the business license from the Free Zone.

Read more: DMCC Business Setup Packages

3. Dubai Airport Free Zone Authority

Dubai Airport Free Zone Authority (DAFZA) is the most prestigious Free Trade Zone in the UAE. Globally investors are looking at establishing a company in Dubai Free Zone for experiencing the host of business benefits the Free Zone is offering for the investors.

The prestigious Dubai Address, access to world-class business infrastructure, being part of a niche business network, etc., makes Dubai Airport Free Zone the first choice for global investors.

There are Flexi-Desk and Shared offices available for entrepreneurs to kick-start their business activities. They can later expand to a full-fledged office space in the Free Zone.

Co-Working Spaces in Sharjah Free Zones

Following are a few of the Free Trade Zones in Sharjah that offer Co-working Spaces for investors at competitive prices and top-class facilities. Connect with our expert team to know more about the process of obtaining a Co-working Space in UAE for your company.

1. Sharjah Media City

The Sharjah Media City (SHAMS) is a dynamic Free Trade Zone offering start-ups cost-effective business setup packages.

To start a consultancy company, the Free Zone business license package starts from as low as AED 9,200 for a Zero visa quota. It offers a wide range of business activities and business infrastructure for entrepreneurs to easily set up and scale up their business ventures.

Sharjah Media City also offers affordable media as well as trading licenses. A Freelance Permit can be obtained for a special discount package of AED 5750 with a Zero visa quota.

Also, the Flexi-Desk office spaces can be availed for a monthly rate or pay-as-you-go basis.

2. Sharjah Publishing City

Sharjah Publishing City is another newly formed Free Zone in the Emirate of Sharjah. It offers special business license packages for entrepreneurs to easily scale up their business by keeping the company setup cost low.

Investors can obtain a trade license from SPC Free Zone for a cost of AED 5,750 for a Zero Visa Quota company. Entrepreneurs can upgrade to business license packages with visa quotas and fully furnished office types accordingly to their business requirements.

From Flexi-Desk to Executive offices, the Free Zone offers investors several kinds of office spaces and business support services.

In conclusion, the Co-working Spaces in UAE are receiving great traction among entrepreneurs for their low cost. It is the perfect option for an investor who is beginning company operations in the country.

Also, the cost of a Co-Working Space is generally lower than a full-fledged office space. Hence Entrepreneurs prefer a Co-working space and start working there initially and take a full-fledged office as they expand.

To know more about Freelance business licenses, and co-working spaces in UAE, connect with our expert business consultants right away!

The post How to get a Co-Working Spaces in UAE Free Zones? appeared first on AURION.

]]>
https://www.dubaifreezonecompany.com/blog/2022/10/07/co-working-spaces-in-uae/feed/ 2
How to Get a Company License in UAE? https://www.dubaifreezonecompany.com/blog/2022/06/28/how-to-get-a-company-license-in-uae/ https://www.dubaifreezonecompany.com/blog/2022/06/28/how-to-get-a-company-license-in-uae/#comments Tue, 28 Jun 2022 08:12:00 +0000 https://www.dubaifreezonecompany.com/blog/?p=1489 UAE is home to numerous businesses and is becoming one of the world’s top trade hubs. The Ease of Doing Business Index ranks UAE as the No.1 in the Middle East region. The government of UAE is very supportive to the initiatives that will power business growth. Company License in UAE can be obtained from the Free Zones in Dubai...

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

]]>
UAE is home to numerous businesses and is becoming one of the world’s top trade hubs. The Ease of Doing Business Index ranks UAE as the No.1 in the Middle East region. The government of UAE is very supportive to the initiatives that will power business growth.

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.

Get Company License in UAE

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.

Company Setup Tips

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.

Financial Planing for Company Setup

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.

]]>
https://www.dubaifreezonecompany.com/blog/2022/06/28/how-to-get-a-company-license-in-uae/feed/ 1
How to get an Accounting Business License in Dubai, UAE https://www.dubaifreezonecompany.com/blog/2022/06/16/start-an-accounting-auditing-tax-consulting-business-in-dubai-uae/ https://www.dubaifreezonecompany.com/blog/2022/06/16/start-an-accounting-auditing-tax-consulting-business-in-dubai-uae/#comments Thu, 16 Jun 2022 07:32:06 +0000 https://www.dubaifreezonecompany.com/blog/?p=1470 UAE is a hub for financial activities and there is a constant demand for accounting, auditing, and tax consulting business licenses in Dubai. Financial Services and Tax Consulting businesses play a vital role in the UAE’s financial landscape. We receive many enquiries on ‘How to Get an Accounting Business License in Dubai, UAE?’. This blog will highlight the steps in...

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

]]>
UAE is a hub for financial activities and there is a constant demand for accounting, auditing, and tax consulting business licenses in Dubai. Financial Services and Tax Consulting businesses play a vital role in the UAE’s financial landscape. We receive many enquiries on ‘How to Get an Accounting Business License in Dubai, UAE?’.

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.

Tax Consulting Business License in Dubai

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.

accounting business license in dubai

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.

Tax Consultancy Business in Dubai

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.

Accounting business license in uae

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.

]]>
https://www.dubaifreezonecompany.com/blog/2022/06/16/start-an-accounting-auditing-tax-consulting-business-in-dubai-uae/feed/ 2
How to Get a Technical Services License in Dubai, UAE? https://www.dubaifreezonecompany.com/blog/2022/05/19/technical-services-license-in-dubai-uae/ https://www.dubaifreezonecompany.com/blog/2022/05/19/technical-services-license-in-dubai-uae/#comments Thu, 19 May 2022 10:17:15 +0000 https://www.dubaifreezonecompany.com/blog/?p=1360 Technical Services License in Dubai is one of the most in-demand business license categories. It belongs to the professional services category in UAE. The Business can be set up in Free Zones and Mainland depending on the nature of the business activity. A wide range of business activities is available under the Technical Services License. The investor will be having...

The post How to Get a Technical Services License in Dubai, UAE? appeared first on AURION.

]]>
Technical Services License in Dubai is one of the most in-demand business license categories. It belongs to the professional services category in UAE. The Business can be set up in Free Zones and Mainland depending on the nature of the business activity.

A wide range of business activities is available under the Technical Services License. The investor will be having a degree or specialization in the field of operations.

Technical Service License in Dubai – Mainland and Free Zone

Technical Services License in Dubai can be obtained from any of the two business jurisdictions – The Mainland and Free Zone.

Technical Services License in Dubai

There are distinct advantages for investors when it comes to setting up a company in the two business jurisdictions of the UAE.

The Mainland of Dubai – Key Advantages for Technical Service License

Setting up a Technical Services company in the Mainland of Dubai has many business benefits for the investors

  • 100% Expat ownership and full control of the company
  • Full Profit Repatriation to Home Country
  • No Tax on personal or corporate income
  • Ability to expand the company by adding more branches easily
  • Get more offices, warehouses, and visas easily by being on the Dubai mainland
  • Get Government contracts and large private sector contracts.
  • Wide range of business activities available under the Dubai mainland technical sector

Free Zones of Dubai – Key Advantages for Technical Service License

The Technical Services License from Free Zone will allow the investors to keep the overall company setup cost low.

  • Following are the benefits of setting up a Technical Services company in the Free Zones of the UAE
  • 100% foreign ownership & Full Profit Repatriation
  • Access to cost-effective Free Zone Business Packages
  • Get a wide range of business activities to choose from under the Technical Services Business category.
  • Faster obtaining of company documents and UAE residence visa.
  • Access to world-class office infrastructure and warehouse facilities

Technical Services License Cost in Dubai, UAE

Technical Services License Cost in Dubai varies across the Mainland and the Free Zone. For Free Zones, it is dependent on a few factors like the Free Zone location, the Visa Quotas, Warehouse requirements, etc. 

Technical Services License cost in Dubai starts at AED 11,900. Depending on the visa quota, office space, & free zone location, the cost varies significantly,

Technical Services License in UAE

Whereas in the Mainland of Dubai, the cost majorly varies across various business locations in the City. The office rent at the prime locations will add up to the cost of setting up the business.

The Cost of a Technical Services License in Dubai Mainland starts from AED 19,000. Depending on the office space requirements, and location on the mainland, the cost will vary.

The Process to Follow for Obtaining the Technical Services License in Dubai, UAE

For obtaining the Technical Services License in Dubai, there is a certain process to follow. Aurion will guide investors the right way and help obtain the Technical Services License in Dubai at the earliest and lowest cost.

1. Business Name and Activity Approval

Choosing the relevant business name for the company is an essential step. Also, the list of activities chosen under the trade license must be sent for approval from the authorities.

The company will be legally entitled to carry out the stipulated activities as per the issued trade license. For conducting any additional activities, they must be added to the Trade License by paying a fee.

2. Documents Preparation and Submission

The Shareholder must submit the Passport Copy and Photograph along with the application form. Also, a brief business plan is to be shared with the Licensing Authorities.

Aurion will prepare the application form, submit the documents to the respective departments, and coordinate with the company formation process.

Technical Service Company

There is no requirement for the investor’s physical presence at this stage. The team will work on behalf of you to get all paperwork and approvals in place.

3. Clearance and Fee Payment

Once the authorities give clearance to the documents submitted and review the application, it is time to issue the Trade license. The investor must pay the required fee for obtaining the Trade License.

4. Technical Services License & Company Documents

Obtain the company License and supporting documents from the Licensing Authority. The Trade License enables the Technical Services Company to start operating legally in UAE and gain new business and contracts.

Hence, in a nutshell, obtaining the Technical Services License from the Mainland or Free Zones of Dubai is a relatively straightforward process.

Aurion team will help in coordinating the process of company formation seamlessly in Dubai at the lowest cost.

Activities Permitted under Technical Services License

  • Painting contracting
  • Insulation Contracting
  • Wall Paper Fixing
  • Plasters as well as cladding works
  • Air condition, ventilation also air filtration system installation and maintenance
  • Plumbing and Sanitary Contracting
  • Full Cleaning Services of buildings (Offices, Residences, Malls)
  • Satellite Receiving Equipment Installation & Maintenance
  • Electricity Transmission and Control Apparatus Installation
  • Floor and Wall Tiling Works
  • Concrete Works
  • Carpentry, Flooring Contracting
  • Partition of False Ceiling Contracting
  • Engraving and Ornamentation Works
  • Electrical Fittings and Fixture Services

Requirements for Technical Services are at an all-time high due to the rise in the number of Commercial and Real Estate Spaces. Becoming a trusted player in the Technical Services sector will help the company gain prospective business contracts.

Setting up a Technical Services Company in UAE thereby is a highly profitable business investment for foreign investors. To know more about selecting the right Free Zone or setting up the company in the Mainland of Dubai, connect with our expert team right away!

Contact Us: Aurion Business Consultants

The post How to Get a Technical Services License in Dubai, UAE? appeared first on AURION.

]]>
https://www.dubaifreezonecompany.com/blog/2022/05/19/technical-services-license-in-dubai-uae/feed/ 1