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.

With the pandemic, distant learning and digitally focused learning has become mainstream. The World Economic Forum suggests that demand for technology skills will continue to grow by 20% by 2025.

Growing Technology Investments in the Education Sector of the UAE

The tech-savvy generation is highly dependent on technology and devices to fulfill their requirements. Even the educational sector has witnessed an increasing demand for technology. Innovative learning practices using Augmented Reality and other software applications is the trend now.

Technavio forecasts the education sector in the UAE to grow at a CAGR of 4.74% between 2018-2020.

How are the Future Schools Embracing Educational Technology?

1. Bridging Communication Gap

The modern education system aims at merging the communication gap between parents and teachers. Interactive apps and platforms enable busy parents to connect with teachers and view the performance of their kids on a periodic basis. It helps in providing required guidance and support to the children.

2. Re-Modeling the Classrooms

The traditional blackboard based teaching is bygone. Now it is the age of digital classrooms. The smart blackboard and activity board keeps kids engaged better.

Also, for professional education, there is an immense opportunity by bringing the internet to the classroom. The classroom is turned to a platform for solving real-world problems now with onsite consulting on technologies such as virtual reality and 3D printing.

3. Immersive Learning Experience

Virtual Reality is being widely used in educational institutions currently. It is estimated that the Global Virtual Reality Market in the Education Sector is to grow at a CAGR of 59% (2018-2022). Many universities have VR labs with applications for supporting medical students, robotics, etc., to conduct simulations, studies, and tests.  

4. Artificial Intelligence Backed Learning

Artificial Intelligence has a very huge opportunity in the education industry. AI is currently in the early phase of adoption in the classrooms. With the power of advanced analytics and AI, it will help in simplifying complex textbooks and guides into interactive smart content programs.

Also, analytics will help in identifying the kids’ liking, preferences, behavior, etc., and devise the right methods to make them actively participate in the classes. So, in a nutshell, there are immersive opportunities in the field of EdTech for entrepreneurs to conceptualize their startup ideas.

Immense Opportunity for EdTech Startup in UAE

There is an immense demand for interactive and custom content in the education sector ranging from kindergarten to professional colleges.

Comprehending information from academic books and research papers into engaging digital content is the current trend. There is a huge demand for applications and platforms that offer interactive, innovative content creation, and knowledge sharing.

Gamification increases student engagement and advanced analytics technology along with graphic design principles helps in creating platforms that will enable students to explore new concepts in an interesting way.

Digital Innovation and Technology Integration – Transforming Education System in UAE

Digital innovation and technology integration are key pillars that transform the current educational system.

The smart classroom consists of a wide range of technology solutions starting from:

• Connected Campuses
• Digital Student Records,
• Cyber Security Systems, Tablets, & Digital Collaboration Tools,
• High-Performance Research and Development Labs,
• Learning Experience Centers, etc.,

UAE is investing heavily in its education technology to bring in digital transformation in all schools and educational institutions.

How to start an Edtech startup in UAE?

As e-learning becomes the new-norm, schools and colleges are looking at interactive ways to engage the students digitally. The Edtech startups with engaging applications and software to support the online education scenario to make the sessions exciting.

Starting an EdTech company in UAE is relatively easy and follows the general company formation process. However, it requires additional approval from the Educational Department of the Emirates. For Example for EdTech company in Dubai requires approval from the Knowledge & Human Development Authority (KHDA) Dubai.

To know more, read: Starting an Education Training Centre in UAE

Dedicated Free Zones for EdTech Startups

For starting an EdTech company that supports educational institutions with smart classroom applications and products, the best choice is to go with any of the free zones of the UAE.

They offer customized all-inclusive low-cost license packages that includes company license, office space, other benefits, and access to world-class infrastructure.

The Mainland of UAE – Right for Training Centres

If the entrepreneur is interested in opening an EdTech company with a training facility, testing laboratories, and learning centers, then mainland of UAE would be the ideal choice as students can easily enter your premises.

Most of the Free Zones in the UAE are mostly gated and secure. It has the customs checkpoints and other strategic sectors at the premises that require security. Having said that, there are few free zones in UAE like the Sharjah Research Innovation and Technology Park, Dubai Knowledge Park, etc., that are dedicated to promoting educational activities in UAE.

Hence, the business prospects for an EdTech Startup is enormous in the UAE. To know more about starting and Educational Technology Startup in UAE, reach out to our expert team right away!

The post Education Technology Start-up in the UAE – Tackling the Growing Demand appeared first on AURION.

Why is UAE a Popular Choice for Expats?

There are umpteen reasons why UAE has grown to a popular choice for all. To name a few, they are:

• The high-end infrastructure and lifestyle in the UAE at 1/3rd cost compared to European countries
• The zero personal income tax rates, just 5% VAT, 100% foreign ownership of property & companies and ease of doing business
• UAE is the trade hub of the Middle East, UAE has one of the Safest banking sectors with the presence of all international Banks & hassle-free opening of bank accounts (Currency Arab Emirate Dirham pegged to Dollar)
• Easy access to world-markets in 160 countries, well-developed air, and sea transport & logistics support
• Geo-Political stability in UAE with enormous Government support to promote trade & entrepreneurship
• Safety & Security of life, the lowest crime rate in the world, high-end health care facilities, residents less prone to infections due to weather, hygiene, and food habits.

The Government of UAE has launched a series of initiatives in the lines of promoting Business ecosystem, real estate, Banking, lifestyle & tourism.

UAE aims to bring in a fresh talent pool, business growth, and foreign investment through the long term residence initiatives. “ FEEL FREE TO GROW” is the campaign initiated by a major Freezone in UAE.

Here is a list of options available for a Foreign expatriate to settle in UAE with their family.

1. Investor Visa through Company Formation

Setting up a company in one of the cheapest Free Zones of UAE is an easy way to obtain a 3-year Investor Residence Visa.

The Investor visa holder is eligible to sponsor their family subsequently to the company formation and processing of the owner visa.

2-Year Investor Residency Visa

The 2-year Investor Residency Visa can be renewed continuously at the end of its expiry period so that it’s almost like a permanent resident in UAE.

The country is NOT issuing any passport by way of separate CITIZENSHIP BY INVESTMENT in UAE. The UAE Free Zones has a wide range of Company Formation Packages tailormade for various investor requirements.

An investor can choose from multiple business license types, activities, office types, visa quota, free zone locations, etc. based on their nature of the business activity and budgets.

To know more about choosing the right Free Zone and Business Setup Package, talk to our expert team!

2. Residence Visa through Investment & Deposits

UAE grants residence visas for those investors who make significant deposits in a Company and become a shareholder or deposit on the entrepreneurial projects in the UAE.

Investments into new company formation or entrepreneur projects worth of AED 5 Million are eligible for a 5-year investor visa.

3. Residence Visa through Property Purchase

Property owners with an investment of at least AED 1 Million in designated freehold areas are eligible for a two-year renewable visa. As long as the property rests with the owner, the visa will remain valid. The investor must-visit UAE at least once every 180 days for keeping the visa status active.

The Visa provides all benefits of living in the UAE, apply for a driving license, opening a bank account, sponsor family, etc. The property residence visa does not entitle the investor to work in UAE.

4. Long Term Residence Visa

The Long Term Residence Visa is currently the most popular investment opportunity available for foreign expatriates and businessmen due to the long term validity of the visa. Here are the criteria required for fulling the Long Term Residence Visa issuance in the UAE.

Eligibility for 10-Year Visa (GOLD VISA)

1. Investment in UAE in the form of Real Estate and Business Setup

Public Investment of at least 10 AED million in the UAE in the form of real estate investment and other business investments.

The investment could be in any of the below forms:

• AED 10 Million deposit in the investment fund in UAE
• Company formation with a capital of AED 10 Million
• Partnership with an existing or new company with a share value of AED 10 Million
• Having a total investment of AED 10 Million in UAE with 60% of investment in sectors other than real-estate. (Real Estate shall not be under the mortgage)

Conditions to be met for issuance of the 10-Year Long Term Visa

• The amount must not be loaned
• The investment must be retained for at least 3 years
• There should be financial solvency of up to AED 10 million
• Each partner who contributes to AED 10 Million, could apply for the visa individually

The long term visa holder is eligible to sponsor their family, one advisor, and an executive director.

Investors from abroad could apply for the six-month multiple-entry visa initially to complete the procedures and apply for the long term visa.

2. People with Specialized Talents

Specialist Talents in the field of research, innovation, science, medical, art & Creativity have an opportunity to avail of the 10-year long term license.

The visa advantage also extends to the immediate family.  All the job categories require to have a valid employment contract in the specialized field.

To know more, read: Criteria for Long Term Residence Visa

5-Year Long Term Residence Visa in the UAE

Another popular visa option is the 5-year visa for entrepreneurs, property investors, and outstanding students.

Eligibility for a 5-Year Visa

1. Investors in a property in the UAE

The investment must be made in any residential property in the freehold areas of the UAE with a gross value of AED 5 Million

• Real estate property shall not be under the mortgage.
• The property must be retained for at least 3 years

2. Investment in Entrepreneur Projects

Investment of AED 5 Million in any of the entrepreneurial projects or accredited business incubators based in UAE is another option available for a long term residence visa.

A six-month multiple entry visa would be allowed initially to complete the long term visa process. The investor is eligible to sponsor Spouse & Children, also a partner and three executives.

3. Outstanding Students

Students with outstanding academic performance are eligible for the 5-Year Long Term Visa.

Students with a minimum of 95% marks in public & private secondary schools. Also, university students within and outside country having a distinction GPA of at least 3.75 upon graduation. The student is eligible to sponsor the family under the long term visa.

5. Freelance Permit

Freelance Visa permits are gaining popularity in the UAE recently. Most of the UAE Free Zones are offering Freelance Permits with Visa quota at affordable rates. Freelancers and Part-time employees can apply for freelance permits from the Free Zones and work legally in the UAE.

Freelancing is common mostly in the field of marketing, IT, Consulting, etc. A Freelance Permit is a perfect way to start an entrepreneurial journey in the UAE. It helps you to test the market first and then take the big step towards setting up your dream company.

6. Residence Visa through Employment

Expats who do not want to start a company or invest in property could consider the option of getting employed in a UAE based company. The employer would sponsor your visa and subsequently, you could bring your family to the UAE.

Most of the first-timers to UAE follow this route and then in the future look at opportunities of company formation once they get to know the local UAE market and business environment well.

Why choose UAE for Settling with your Family?

UAE is a perfect place to start your life and business establishment due to the world-class infrastructure and a stable economic & business environment. Also, being part of the growing business ecosystem provides you with numerous opportunities and networking capabilities.

UAE has it all to keep your family entertained year-round, it is one of the most secure and liveable places in the world. The Overall business and economic environment in the UAE are positive for long term growth and sustainability.

To know more about Long term residence visa and how to peacefully settle in UAE with your family, reach out to our expert business consultants right away!

Read more about “Why it is the Best Time to Start a Business in UAE?“.

The post How to Settle in UAE with Family – Choices Available for Expats 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!

The post Finding a Local Sponsor in Dubai for your LLC Company Setup appeared first on AURION.