Driven by the growth in the eCommerce business sector, warehousing is a lucrative business opportunity that large and small distributors, logistic service providers, traders can take advantage of.

Ecommerce Sector growth and Requirement of Warehouse

The increasing popularity of e-commerce and global trading requirements are adding more warehousing space to the UAE market.

The high internet penetration, high purchasing power per capita, and large consumer spending are creating a favorable market for eCommerce companies.

To power the eCommerce business there is a growing requirement for the right logistics support, distribution network, and warehouse for managing the deliveries effectively.

Warehouse License Categories in Dubai

In UAE mainly warehouse license is available from two major business jurisdictions – The Mainland of UAE and the Free Zones. The rates for the warehouse have been highly competitive in the UAE with a wide range of options available.

Cost of Warehouse License in UAE

Warehouses License in UAE are an integral part of the Free Zones and Mainland business ecosystem. Depending on the specifications, location, and type, the price varies. The cost of a warehouse license in Hamriyah Free Zone starts at AED 85,500 for a 307 Sq.m Warehouse.

The warehouses are an essential business requirement for all businesses that require storage space or a light manufacturing and assembling unit. The cost of the Warehouse depends on various factors such as size, power consumption, customization for cold storage, manufacturing unit, assembling, etc.

The Warehouse License cost of a 125 Sq.m warehouse in the Sharjah Airport Free Zone is AED 48,000 / year ( Special Discount rate). SAIF Zone has a wide variety of Warehouse units for lease ranging from 100 sq.m, 125 sq.m, 400 sq,m, and more customized offers available for the investors.

The warehouse rental cost is a recurring yearly payment to continue the operations to the next year. Similarly, the Warehouse License and Trade License of the company must be renewed on a yearly basis.

Choosing the Right Warehouse and Business Jurisdiction

Most of the Free Zones have warehouse facilities for their investors at the Free Zone premises. It provides the right storage infrastructure for trading companies and light manufacturing units.

Also, there are warehouses available in the Mainland of UAE operated by private businesses that can be rented as per requirement.

UAE as a whole provides top-class warehouse, storage, transport, and logistics support services to the businesses operating in the region to easily conduct daily trade operations locally and internationally.

Warehouse Choices in Free Zones and Mainland of UAE

An investor can apply for a general trading license from any of the Free Zones in UAE or the mainland of UAE by opening a Limited Liability Company.

The Free Zones offer Customized Warehouses for investors at affordable rates and enormous business benefits. Similarly, for an LLC Company, there are private warehouses around the UAE where the goods can be stored and managed accordingly.

All the goods imported to the UAE must follow the Customs guidelines and clear the required checks to be legally sold or distributed in the UAE.

Also, for the goods stored in the Free Zones, there are in-house Customs checkpoints in most of the Gated Free Zones in UAE. Any exchange of goods to and from the Free Zone must pass through the Customs.

Free Zones with Warehousing Facility

Free Zones in UAE with warehousing facilities offer the perfect infrastructure for trading companies to store the goods, facilitate imports/export, and distribute in the UAE and GCC region.

Top Free Zones with Custom Build Warehouse Facilities

1. Dubai Airport Free Zone

2. Sharjah Airport International Free Zone

3. Hamriyah Free Zone

4. Dubai South

5. Jebel Ali Free Zone

Benefits of Setting Up an Export House in UAE

Investors can get into long term lease contracts and use the space for storage, distribution, packaging, and assembling. Free Zones in UAE offer customized warehouse facilities that can be used as light manufacturing units for the manufacturing of certain permissible items.

To get more details about warehouses license in UAE and light manufacturing units offered by various Free Zones in the UAE, connect with our team right away!

The key benefits of setting up an export house or a logistics business in UAE are the following:

1. Enjoy the Tax-Free Environment in UAE

UAE has a Zero Taxation policy for business, the only tax in UAE is a 5% Value-Added-Tax. In the Free Zones, there is a benefit of Zero percent import duty on imports to Free Zones.

However, the goods going out of the Free Zone to the mainland will be subjected to the normal VAT.

Also, the foreign investors who are setting up an export or trading company in the UAE can benefit from the Double Taxation Avoidance Agreement (DTAA) and save tax in the home country.

A Tax Residence Certificate can be applied in the UAE that will act as proof of residence for tax savings in the investor’s home country.

2. Ease of Doing Business

UAE has a robust e-Governance and simplified Company Setup options across the various Free Zones and the mainland of UAE.

Compared to the European region and other countries in Asia, UAE has one of the most streamlined and quick companies formation and ease of doing business.

To support business growth UAE has all the necessary infrastructure and Government support.

Business Consultants will assist investors in preparing the required documents and guide through the company formation process ensuring a hassle-free company setup in UAE.

3. Enormous Market Opportunities

Setting up a company in UAE opens up a large market opportunity for the investors. The strategic location of the UAE makes it a perfect trade hub and business center.

The logistics and transport infrastructure (road transport, shipping network, air transport) connects UAE with more than 190 countries including the whole of GCC Countries and the rest of the Middle East and Africa region.

Hence, for local traders and business investors in the UAE, there is immense scope for easy expansion to global markets and target more customers for their business by setting up a company in the UAE.

4. Low Cost- High Revenue Generating Business

The Business Setup Cost in UAE is comparatively lower than other European Countries and provides world-class infrastructure facilities to support the business.

Also, businesses in the UAE have a huge potential to grow and scale-up generating higher revenue due to an expanding market and trade ecosystem.

5. Flexible Warehouse Options

The vast availability of customized Warehouses in the UAE makes it a perfect location for general trading companies and export houses.

Trading Companies can set up their distribution unit and branches / new companies in UAE and facilitate global trade operations by making UAE the central warehouse location.

The well-established logistics connectivity and storage spaces for specific purposes (Food Storage, Cold Storage, Medical Products, etc.) as well as storage facilities for general goods make the general traders easily import and export goods to and from UAE.

To know more about Warehouse Facility Requirements in UAE for your company, connect with our team right away!

Contact: Aurion Business Consultants

The post What are the Factors Driving Demand for Warehouse Licenses in UAE? appeared first on AURION.

Cleaning Services License in UAE is gaining popularity as there is a growing demand for the service from newly constructions and existing large organizations. Also, the modern homes of the working class are also looking for professional cleaning companies for home cleaning requirements.

Cleaning Services Company in UAE – Demand from Residential and Commercial Consumers

Real Estate Analysts in the UAE estimate that almost 50000 new residential units are to be added to the property market in the year 2020. This will further raise the demands for cleaning services companies as there would be growing requirements for maintaining and carry out regular cleaning activities in these apartments.

On the corporate side, the demand is driven by large numbers of hotel apartments, hotels, office spaces, manufacturing facilities, hospitals, and many more. The Scope of Cleaning services Companies are extensive; It can be classified into specific services depending on the exact customer requirements.

Main Categories of Cleaning Services in UAE:

• Residential Apartments (Flats, Town Houses, Villas)
• Commercial Cleaning (Offices/Manufacturing/Hospitals)
• Industrial Cleaning (Equipment/Machinery)

Sub-Categories in Cleaning Services

Cleaning Services Companies can be categorized based on their exact business activity. Following are a few Sub-categories where Cleaning Services Companies facilitate their operations.

1. Streets Cleaning Services

There are special contracts for cleaning streets, footpaths, and markets by manual or mechanical tools. Dubai Municipality regulates the activity and the business license is subject to the approval of the Dubai Municipality.

2. Sea & Shore Cleaning Services – This activity enables companies to collect and dispose of marine waste and pollutants.

3. Building Cleaning Services – Residential, Government, and Professional premises

For example, Cleaning and maintaining huge office blocks such as the Dubai Airport Free Zone. It requires an administration team to handle the operations such as washing each floor, external glass cleaning, restroom & laundry cleaning, and more.

4. Advertising Signboards Cleaning – Cleaning of the large signboards fixed on streets and road cleaning.

5. Runways & Roads Cleaning Services – Manual and mechanical cleaning of runways and roads.

6. Yacht Cleaning Services – Yacht interior and exterior cleaning, polishing, restoration, brightening, interior cleaning, vinyl treatment, etc.

7. Car Cleaning License – Car Cleaning Service activity includes car wash using automatic or manual washing station activities.

How to Start a Residential Cleaning Services Company in Dubai?

To start a Residential Cleaning Services Company in Dubai, the business must register with the Department of Economic Development (DED) to obtain the required cleaning services license.

Based on the Shareholding pattern, the investor can decide on the company structure and license types. For Mainland Companies in UAE, there are two Business License categories that are right fit for the Cleaning Services Companies:

1. Professional License, or,

2. Commercial License

Alternatively, Cleaning Services License in UAE can be easily obtained from the Free Trade Zone also. However, for Cleaning companies aiming to employee a number of ground level staffs, take a warehouse, etc., mainland of UAE will be the right choice to keep the overall cost low and easily expand the market reach.

Professional License in Dubai – Things to Know

• 100% Ownership of your business
• Register as Sole Proprietorship or a Civil Company
• Appoint a UAE national as a Local Service Agent (LSA)

Commercial License in Dubai – Things to Know

• Must appoint a UAE national or Local Sponsor
• Local sponsors will own 51% of company shares and the rest 49% by the foreign investor
• The company will be registered as a Limited Liability Company

Documents Required for Setting Up a Cleaning Services Company in UAE

• Completed business application form for the Cleaning Services company setup
• Trade name for approval- 3 names
• Passport copies of shareholders
• Entry Stamp/Visa page/residence visa of the investor
• NOC from the current sponsor if the shareholder has a residence visa
• Any additional approval required if any

Step by Step Procedures: How to register a Cleaning Services Company in UAE

The Process of Registering the Cleaning Services Company with the Department of Economic Development (DED) is as follows:

• Choose the required business activity from the activity list
• Select the company structure (Sole Proprietor/ Civil Company/LLC Company)
• Get the tradename approval
• Get initial approval from the DED, Dubai.
• Prepare and sign the LSA Agreement (for Professional License) or the Memorandum of Association (MOA) for Commercial License
• Rent a physical office and submit the Tenancy Contract & Ejari. A mainland company must have a physical office as a mandatory requirement for obtaining a business license.
• Submit any additional approval if any
• Pay the fee and get the Business License

Things to Look for Before Setting Up a Cleaning Services Company in UAE

Cleaning Services Company Setup in Dubai is relatively easy but there are various costs and process to be in place to continue in business such as the following:

• Competition from other similar players
• Workforce requirements and logistics support
• Equipment and supplies
• Expertise in the Sub-Categories to expand business services

1. Highly Fragmented Market and Intense Competiton

The investor must be well aware of the market scenario in the UAE. The cleaning Services sector is a highly fragmented industry with a lot of small and large players intensifying the competition.

2. Large Office Space and Warehouse Facility Requirements for Cleaning Services Company

Cleaning companies would require heavy equipment, machinery, disinfectants, and related cleaning essentials in large volumes to cater to their clientele accordingly.

Hence, Investors have to account for huge upfront expenses and set up a support system to effectively procure, manage, and consume, the required essentials. It must achieve consistent profitability to continue business operations.

3. Heavy Investment and Operational Cost of Cleaning Service Company

The Cleaning Services business requires a lot of investment in logistics, essentials, labor, warehouse facility, office space, etc.

The operational costs are to be on a higher side always, investors must have a solid business plan to sustain the operations.

Why Choose Dubai Mainland for Setting Up Cleaning Services Company?

For Cleaning Services Company mainland company formation is the ideal choice than a Free Zone due to the requirement of region-wise operational flexibility and setting up branch offices anywhere in UAE.

1. Flexibility to Employee More Staff

Also, Cleaning Services is a heavy labor-intensive sector that requires employing a huge number of contract staff, in-house staff, part-time workers, etc.

So, for obtaining work-permits, applying for employee visas, gaining more visa quotas, a mainland company would be the right fit.

2. Easily Scale-up the Business Operations

There would be a requirement of having large office spaces or a warehouse to store the cleaning essentials and other required support systems. Again, locating an ideal warehouse would be more cost-effective in the mainland of Dubai.

3. Identify your Niche Area in Cleaning Services Sector

The scope of a Cleaning Services Company varies depending on the list of business activities that will be included in the business license while setting up the business.  

There is an all-time demand for various types of Cleaning Services in Dubai due to the ever-growing infrastructure and real estate investments in the region. So, investors can choose their niche area of cleaning services and set up their cleaning services company to scale up easily.

To know more about the procedures to open a Cleaning Services Company in the UAE, Connect with our expert Business Consultants right away!

Read more >> “How to Start a Manpower Supply Company in the UAE?“.

The post How to Start a Cleaning Services Company in UAE? – All Things to Know appeared first on AURION.

The lifestyle, business infrastructure, shopping, tourism, etc., makes Dubai a favorite choice for all. Real estate investment in UAE offers the best rental yield when compared with the rest of the world.

Why Dubai is a Popular Choice for Real Estate Investment?

Property investment is a great way to generate a second income. There many reasons why Dubai is a lucrative option for real estate investment.

1. High Rental Yields

Dubai’s real estate market is very matured with high-return properties. It is estimated that yearly rental yields could be in the range of 5-9% of the property price.

 2. Lower Property Prices

Dubai offers one of the lowest property prices per square feet when compared to international markets of the UK, Hong Kong, Network, etc.

3. Property Purchase and Residence Visa

Property investment valued above AED 1 Million enables the investor to get a 3-year residence visa in the UAE.

1. 5-Year Long Term Residence Visa

Investment of AED 5 Million in real estate, the investor is eligible for a 5-year Long term visa. It is to be noted that the property must not be in mortgage or loan and must be owned completely by the investor and retained for 3 years.

2. 10-Year Long Term Residence Visa

Also, as part of Gold Card Visa, an investment of AED 10 Million in real estate and other investments in UAE enables the investor for a 10-year long term visa.

The investment of AED 10 million must be in such a way that 60% of the investment must in other business categories and not real-estate.

4. No Property Tax or Stamp Duty

There are no property taxes or stamp duties applicable in UAE, as in other global markets.  Also, the registration fees and overall property purchase price comes at a much affordable rate depending on the type of apartment and location chosen.

The property purchase process is very streamlined and monitored by the authorities. The investor will have a very peaceful and comfortable property registration in UAE.

Other Investment Opportunities in Dubai

Apart from Property Purchase in UAE for earning rental income, another lucrative investment in the UAE is to open a business in any of the Free zones of UAE at a very affordable rate.

There are a host of profitable business ventures in the UAE to explore. The wide audience base, technology infrastructure, Zero Taxation, availability of skilled labor, networking opportunity, etc., makes UAE the perfect destination to set up your dream company.

Choices Available for setting up your Business in the UAE

There are umpteen choices for setting up of company in the UAE. The free zones of UAE offer various company formation packages for new entrepreneurs to large companies with warehousing and manufacturing facility requirements.

Then, there is the mainland company setup for forming an LLC Company by partnering with a UAE national or appointing a local service agent according to the business activities chosen.

1. Business License from the UAE Freezones

UAE Freezones offers various business license types for investors ranging from services, commercial, and industrial, eCommerce, media, freelance, and more.

One can choose the list of business activities specific to their desired business license category. The company set up in Dubai is a streamlined and hassle-free process. Business Consultants will assist you by choosing the right free zone license and company formation package for you.

2. Choosing a Flexi-Desk Type Office or a Shared Office, or Work-Station

Free zones of UAE offer a wide range of office types based on your requirements ranging from Flexi-desk office space to shared office space and workstation.

The flexibility of choosing an office, 100% foreign ownerships, tax-free stature, 100% profit repatriation, no customs duty, etc., is making Free zone the No.1 choice for entrepreneurs.

3. Renting out a Fully Furnished Office in the Free zone

Based on your business requirement you can choose to rent a fully furnished office in the free zone complex. The free zones of UAE offer exceptional infrastructure and business ecosystem to scale up your company easily.

4. Opening a Business in the Mainland of Dubai

For a business looking at gaining more physical presence in the UAE local market such as retail, education, construction, real-estate, Maintenance & Electricals, healthcare, etc.,

(51% UAE National Shareholding) in the mainland of Dubai is more prospective to gain business and grow faster.

Also, for individuals in the fields of engineering, legal, accounts, doctors, etc., could opt for a professional license from the mainland of Dubai and appoint a local service agent for a yearly fee.

To know more about UAE Free Zone Company Formation and LLC Company Registration, talk to our expert team right away!

The post UAE Real Estate Investment and Company Setup in Dubai appeared first on AURION.

Here is a glance at the special Business License categories issued by the DED to the foreign investors for setting up their business establishments and successfully operate in the UAE.

Types of Special Business License Types in the Mainland of Dubai

1. Instant License from DED

The business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) has issued 1882 instant licenses until the end of 2018. Out of the total licenses issued (87%) are for commercial and 13% for the professional category.

Instant License Issuance in Dubai

The instant license is issued within 5 min in one step. There is no requirement of a lease contract or physical office location for the first year. The instant license also offers the option of an electronic contract as an addition to the physical license and entry into the DED’s commercial registry.

Also, the licensee is given membership in the Dubai Chamber instantly as well as establishment cards of the Ministry of Human Resources & Emiratization and the General Directorate of Residency & Foreign Affairs. Four legal forms of businesses can be set up: Limited Liability Company, One person LLC, Sole Proprietorship, and Civil Company.

Instant License from DED – Characteristics

Investors have to note the following characteristics of the Instant License issued from DED. The Instant License has to be renewed every year & after the first year, the owner has to ensure the company follows the general requirements of a mainland company.

Instant License Characteristics for the first year of Business  

• No Memorandum of Association (MOA) in the first year
• No Trade name reservation – Automatic name will be generated.
• NOC from the current sponsor and a copy of UAE Residency is required.
• No signed lease contract is required for the first year

All types of companies except the Public and Private Joint-Stock Company can be formed using the DED Instant License.

Documents required

• Copy of passport of the shareholders
• Copy of residence visa and letter of no objection from the sponsor to the foreign parties

The instant license is aimed at promoting sustainable economic development in Dubai by making it easier for investors to start a business in the region.

2. Consultancy Licenses from DED

The Consultancy License is issued by the DED for various business activities as follows. However, there are some prerequisites for obtaining the Consultancy License in Dubai.

Type of Company Structure for Consultancy License

Business activities under the Consultancy License cannot take a Limited Liability Company as a legal form. They can either be incorporated as a Sole Proprietorship or as a Civil Work Company. The Business owner/director must join a training program from the American University of Dubai for qualifying as directors in the consultancy domain.

3. Dubai Municipality-related Engineering Activities

Only engineering related activities can be incorporated under this license. The company cannot form an LLC Company but a sole proprietor or as a Civil Works Company. The shareholders, owners, & partners must be having a university degree or equivalent experience in the respective consultation field.

4. Legal Consultation Activities

For Legal Consultancy, the owner has to get an approval from the Legal Affairs Department before obtaining the initial approval and the trade name from the DED. There is no requirement of appointing a corporate agent for opening branches.

5. Freelance Permit from DED

There are more than 100 activities under the freelance license offered by the Dubai Economic Department. A wide range of activities from mobile repairing, marketing services, document storage, social media, Website Design, Data entry, etc., can be chosen by the individual for applying for the freelance permit.

6. E-Trader License from Dubai Economy (DED)

It allows UAE Nationals and GCC nationals residing in Dubai to conduct social media business activities through available social media platforms. The E-Trader is registered under the single owner name and not a company. They cannot open a shop, issue visas or hire any staff.

7. E-Commerce License

Companies involved in selling & buying goods online have to apply for an E-Commerce License from the DED before they initiate any service delivery. Getting an eCommerce License from the DED is an easy and simple process.

Advantages of E-Commerce License In Dubai

The main advantage of an eCommerce license is that there is no mandatory requirement of having a physical office space in Dubai for the issuance of the license.

Also, there is no paid-up share capital required for an eCommerce venture. The requirement of a physical office comes into the picture once you wish to hire staff and grow your venture.

The digital and technology infrastructure in Dubai and the wide variety of audience demographics make it a perfect place to start an eCommerce business and scale up easily.

8. Social Media License

Social media as a platform for promoting business and trading is becoming popular.

Based on the data from the Department of Economic Development in Dubai (DED), more than 3000 licenses have been issued since 2017 for trading in social media.

Scope of Social Media License in Dubai

The DED has an e-Trader license for UAE Nationals and GCC Nationals, for ex-pats and Foreign investors they can apply for a social media license.

Also, if you are a social media influencer, apply for a social media license from DED and then get a permit from the National Media Council.

The Social Media trading Space in the UAE is regulated for entrepreneurs. Only those who have the right business Licenses are legally entrusted to do special media trading and promotional activities, else heavy fines will be levied.

To know more about any specific license types and how to apply for a business license in UAE the most comfortable way, talk to our experts right away!

The post 8 Special Business Licenses for Mainland Company Formation in Dubai appeared first on AURION.

Company registration in Dubai starts from choosing the right business activity, preparing relevant documents, applying for the business license, issuance of business licenses, and so on.

Once the business license is issued there is the processing of residence visas and corporate bank account opening for the successful operations of the business in the UAE.

Mainland Business License Types in UAE

The Business License types for Company formation in the Mainland of UAE are the following:

1. Commercial License in the UAE

Commercial License in Dubai is required for businesses involved in trading and supplying of goods like garments, textiles, dry goods & any other consumer supplies.

List of business activities under the Commercial License Category in UAE

• Mobile Phones & Accessories Trading
• Used Furniture Trading
• Trading in building materials
• Oil & gas trading
• Spare parts trading
• Gold & precious metals trading
• Trading in chemicals
• Trading in Automobile
• Safety equipment trading
• Building Cleaning Equipment Trading
• Fire Fighting & Safety Equipment Trading
• Office Furniture Trading
• Telecommunications Equipment Trading
• Computer Software Trading
• Plastic Bags & Containers Trading
• Medical Gas Trading
• Agricultural Pesticides Trading

2. Industrial License in the UAE

The Industrial license in Dubai is awarded for manufacturing or other types of industrial activities. Eg. Fabrics & Textile manufacturing, Mineral Water Bottling, Uniform Manufacturing, Plastic Bottles & Containers Manufacturing

List of business activities under the Industrial License Category in UAE

• Garments Manufacturing License
• Meat Products Manufacturing
• Dairy Products Manufacturing
• Animal & birds Feed Manufacturing
• Pastry & Sweets Manufacturing
• Fabrics & Textiles Embroidering
• Carpets Manufacturing
• Mineral Water Bottling
• Fishing Net Making
• Uniforms Manufacturing
• Plastic Bottles & Containers Manufacturing

3. Professional License in the UAE

Professional License is for individuals or business groups that deliver expertise as a service to the public.

List of business activities under the Professional License Category in UAE

• Computer Consultancy
• Insurance consultancy
• IT Infrastructure Consultancy
• Tax Consultancy
• Marketing Consultancy
• Auditing & Accounting
• Legal Consultancy
• Waste Management & Recycling Consultancy
• Public relations Management
• Project Development Consultant
• Agricultural Consultancy
• Customs Consultant
• Fire Safety Consultancy
• Construction Engineering Consultancy
• Electronic Engineering Consultancy
• Mechanical Engineering Consultancy
• Science & Technology Consultancy
• Safety Consultancy
• Advertising Consultancy

*Note: the list of business activities is mentioned here is not an exhaustive list, there are more than 3000 business activities listed by the Free Zones and DED in UAE. For more details on business activities, reach out to our business consultants.

LLC Company Registration in the UAE

Mainland Company formation in UAE or LLC company formation in UAE will allow you to trade in the local UAE market as well as expand your business activities and office spaces.

Also, you can easily employ more support staff to scale up your mainland business operations in Dubai and the rest of the UAE.

LLC Company in UAE can apply for government projects & contracts and work closely with the Government of UAE. LLC Company in UAE offers investors more flexibility and space for business growth and expansion opportunities.

Requirements for obtaining a Trade License for the LLC Company in UAE

There are certain requirements to full fill by the investors to get the trade license issued by the Department of Economic Department (DED).

LLC Company Formation in UAE – Key Steps

 The following are the steps for setting up an LLC Company in Dubai.

• Segment the business activity into commercial, industrial or professional
• Choose the related business activities that fall under a certain Business License
• Find a local partner for your business. Business consultants will help you in finding a local partner.
• Submit the application form to the Department of Economic Development (DED) for trade name and initial activity approval
• Now you can look out for a physical office location and prepare a tenancy contract.
• Prepare the Memorandum of Association(MOA) with the Local UAE Sponsor.
• Now Submit the application along with the tenancy contract and other required legal documents for the final issuance of the business license from the DED

Documents Required for the Issuance of Trade License from DED

The following documents are required for the issuance of a Trade License from DED.

• Completely filled application form signed by the authorized signatory
• DED letter approving company name
• DED attestation letter approving the setup of the company
• Tenancy Agreement for the physical office
• Shareholder’s details and passport copies.

How to Renew Business License for your LLC Company in UAE?

The following are the steps involved in business license renewal for your LLC Company in Dubai.  The trade license renewal of an LLC Company in Dubai is done through the DED.

• Check your Tenancy Contract
• Get the Licensing Approval
• Submitting the Application
• Get the Transaction Number
• Make Payment to the DED

What are the ways to renew Business License for your LLC Company in UAE?

1. Renew Business License Offline

DED business licenses can be renewed through business consultants, authorized service agents, law firms, and DED branches across UAE.

2. Renew Business License Online

Business licenses can be renewed online via the DED website and Business Consultants via online portals and government e-Services.

3. Renew Business License via Auto-Renewal

DED has set up the auto-renewal process by sending an SMS to 6969. The renewal fees will be automatically generated and a payment voucher will be sent to the registered mobile number.

The payment can be made online or offline through authorized payment channels. The renewed trade license will be sent via SMS and email to the business owner.

Mainland Trade License Renewal

Every company operating in the UAE must have a valid Trade License to continue the business. The trade license has to be renewed every year by paying a renewal fee from the Department of Economic Development (DED) if you are an LLC company in Dubai or other emirates in the UAE.

To know more about LLC Company Formation in the UAE, connect with our expert consultants!

Contact: Aurion Business Consultants

The post Mainland Business License Types in UAE – All You Need to Know appeared first on AURION.

There two ways of appointing a Local Sponsor in Dubai for your LLC Company. One is choosing a UAE national as your local partner and the other choosing a UAE National Owned Company as your Local Sponsor.

Choosing Your Local Sponsor for Your LLC Company in Dubai

Choosing your Local Sponsor for an LLC Company is a very crucial part and it forms the backbone for the existence and continued business operations of the company in UAE. Hence, the decision has to be well-informed and with a full understanding of the terms and conditions of the contract.

With experienced business consultants like Aurion, the hassle of finding out the perfect UAE local sponsor has become easier. Aurion will assist you with a UAE local sponsor as well as a corporate sponsor based on your specific requirements and nature of business.

Things to Know before you choose your Local Sponsor in Dubai

Our legal experts will prepare 100 % legally complaint side agreements to protect your shareholding rights. The agreement will have it all clearly defined, the expectations, responsibilities and the Annual Sponsorship fees, and other specific clauses.

With our Local Partner assistance support, you will have 100% financial and operational control as well as securing your ownership rights. The local partner will have no involvement in your business operations and by virtue of the agreement created, all the operational and management rights will be vested with the foreign investor.

A yearly Sponsorship fee has to be paid to the local UAE partner to continue the partnership agreement. There is another type of local Sponsorship, that is instead of an individual a UAE local company can become the local sponsor for you.

Corporate Local Sponsor in Dubai

A Corporate Sponsor can act as your UAE local partner (51% share) and pass on the ownership rights to you for a Fixed Annual Sponsorship Fee. The Annual Sponsorship Fee will be fixed and will have an agreement that there will be no variation depending on the increase in turnover or profitability of the business.

The key benefit of a Corporate Shareholder is that the foreign investor will be dealing with a company that is a separate entity and has no interest in the daily business operations or ownership of the new company. There will be legal complaint side agreements, power of attorney, and other legal compliance documents stating the clear shareholding pattern and other ownership and operational responsibilities.

Key Benefits of Corporate Sponsorship

Corporate Sponsorship for LLC Company formation in Dubai will help in raising investor confidence and lowers the resistance of investors in finding and building rapport with an individual local UAE sponsor.

1. No Involvement in Daily Business Operations

The corporate sponsor does not get involved in the day-to-day running of the company enabling the foreign owner to have complete management control of staff, clients and product offering.

2.100% Financial Power

The business profits generated are vested with the foreign owner and are not to be shared with the Corporate Sponsor at any instance.

3. Shareholder Agreements

Corporate Sponsors have well defined and drafted legal contracts in place to protect both parties.

Hence, the authenticity of the legal form is assured and shareholder rights are protected well.

Aurion has a network of Corporate Sponsors as well as Individual partners for LLC Company registration in Dubai.

Also, for professional license requirements, we will assist you in finding the right Local Service Agents.

The Requirement of Businessmen PRO Services in Dubai

Along with finding the right Local Sponsor in Dubai for starting an LLC Company. Engaging a trusted businessmen PRO Services is a pre-requisite for the smooth operation of business setup and continued operations.

Businessmen PRO Services will handle numerous activities starting from all the company setup procedures, visa processing & Immigration, other documentation & attestation,  to administrative works.

Businessmen PRO Services in Dubai

Aurion Business Consultants provide the best-in-class Businessmen PRO services in Dubai and the rest of UAE. We have dedicated PRO agents for each Free Zone and for the Mainland Company Setup. They are experts in the field of visa processing assistance, application form preparation and immigration service assistance.

Aurion has strategically crafted an all-in-one exclusive Businessmen PRO Service Package to assist you in the end-to-end Company Setup process and beyond that. Our PRO Services cover the following areas and more. We ensure you have the most hassle-free company set up in Dubai.

• Visa Application form Preparation & Submission
• Labour and Immigration Cards
• Approvals and Renewals of Trade License
• Emirates ID Application
• No-Objection Letters
• Labour Contract Preparation
• Legal Translation and Notarization service
• Ejari Documentation
• Power of Attorney Attestation, Shareholder Resolution Document Preparation
• Memorandum of Association typing
• Local Service Agent Agreement
• Document Clearance & Amendments – Free Zones & DED
• Liaising with Government Authorities & Free Zone Authorities
• Company Cancellation documentation
• Additional Approvals and Clearance for Company Setup/Company Closing
• Import/Export Code & Customs Registration
• Trademark Registrations
• And many more…

So, in a nutshell for a hassle-free LLC Company Registration in Dubai, taking the assistance of an experienced Business Consultant is important.

They will assist you right from choosing your local partner to undertaking all the businessmen PRO Services and ensure your company registration process is executed the right way.

Interested to know more about LLC Company Formation in Dubai or Company Liquidation in Dubai, give us a call!

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