Isn’t it interesting to know the benefits of cosmetics company incorporation UAE offers to entrepreneurs? Of course, it is. That’s why you’ve landed on this blog post that explains the perks of the cosmetics company formation in the UAE.
But why should you choose the UAE for starting your cosmetics business? Why not another country? Well, let’s explore the trends of the UAE cosmetics market before learning about the perks of cosmetics business formation.
What are the trending things in the Cosmetics industry in the UAE?
With the growing awareness of the beauty and personal care products, the forecasted revenue in this sector is USD 1.15 billion in 2022. Well, that’s actually huge. And the most interesting part about it is that 24% of the revenue will come from online sales. Here is the list of articles that will be on-trend.
- Decorative cosmetics for day-to-day makeup
- Skincare products
- Personal care products
- Hair care and styling products
- Perfume and eaux de toilette
6 Ultimate Benefits of Cosmetics Company Incorporation UAE You Must Know
1-Protection of Brand Name and Label
Botherations regarding the protection of your brand’s name and its label can be the first reason behind your sleepless nights. But a nation like UAE leaves you carefree about it. Thanks to their commendable laws for safeguarding your company’s trademark.
All you need to do is to register your trademark via an online application on the Ministry of Economy website. After trademarking your UAE-based cosmetics brand’s name, it’s the government’s authority to protect it from others.
2-Smooth Access to Both Local And International Markets
Do you know what’s the most interesting part about the Emirates? Well, it’s the accessible geographical location of the country. Located in the eastern part of the Arabian Peninsula, the UAE ensures smooth access for both the local and international markets.
Therefore, your cosmetics company in Dubai will have endless opportunities in the local as well as the nearby international markets.
3-Liberal Laws for the Import and Export of Cosmetics Products
Being a house to over 37 Free Trade Zones, the UAE is undoubtedly an excellent hub with the most liberal import-export laws. According to the custom regulations of the UAE Freezones, you don’t have to pay duties for imported cosmetics products.
Additionally, you can enjoy the benefits of custom exemptions for re-exporting from UAE Free Trade Zones to third market destinations. These market destinations can also be beyond the GCC (Gulf Cooperation Council) Customs Zones.
4-100% Support from the UAE Government
The UAE government offers complete support to various companies by providing all the essential services to their business. This facility of the UAE government will benefit your cosmetics business too.
Moreover, the business-friendly environment in the Emirates will be like a cherry on the top for motivating your business growth. As a result, you can effortlessly launch your cosmetics products in Dubai.
5-Advantages of Zero Taxes
Another amazing benefit of cosmetics company incorporation in the UAE is the zero and minimal taxation policies of this country. Consequently, it will ensure maximum chances for your company to grow in the Emirates market with minimum costs.
All in all, you won’t need to feel financially stressed during the entire cosmetics company formation process.
6-Availability of Several Zones To Choose From
The last benefit of starting a cosmetics company in the UAE but obviously not the least one is the availability of several zones to pick from. Currently, there are three main categories of zones available for starting a business in the Emirates, including:
- UAE Free Trade zones ( currently 37+ Free zones available)
- Dubai Mainland regions
- UAE Inshore and Offshore areas
Ques 1) Is it possible to use the brand name of an existing cosmetic entity across the UAE?
No, it’s not possible to use the brand name of an existing cosmetics entity in the UAE. And the reason is its already-protected name.
Ques 2) What does the cosmetics company setup cost in the UAE?
The cosmetics company formation cost in the UAE completely depends on the location you’re selecting.
Ques 3) Which UAE government is responsible for cosmetics product registration in Dubai?
You need to register your cosmetics products with both Dubai Municipality (DM) and the Emirates Authority of Standardization and Metrology (ESMA).
Wrapping it up:
The cosmetics business in the Emirates is thriving and it will continue to grow. So, if you’re thinking to invest in it, go ahead. Hopefully, after going through this blog post, you already know the reason why.
Are you ready to lap up the benefits of cosmetics company incorporation UAE serves to entrepreneurs? If yes, then you need to get in touch with the professional company setup experts in Dubai.
Your Google search engine filled with queries like “HR consultancy near me” is a good sign. Do you know why?
It’s because you are actually thinking wisely about the expenses of your startup business in the UAE.
The concept of hiring an HR consultant is gradually becoming the talk of the town amongst the entrepreneurs. And the credit goes to the smooth recruitment guidance they get from them for maintaining a healthy work culture. Let’s explore 5 reasons why hiring an HR Consultancy Firm in Dubai helps you in winning the best talents for your business.
5 Benefits of Seeking Guidance from HR Consultancy in Dubai
1-Helps Businesses Focus On Their Core Activities
Handling a business isn’t a child’s play. This process includes the accomplishment of a lot of day-to-day tasks. At this moment, channelizing your energy on hiring employees for the organization is a distracting thing.
After outsourcing an HR agency for your Dubai-based startup, you can put your 100% energy and effort into managing the core business activities.
2-Adds Value For Money
Did you know? You can save a lot of money in the initial days of your business incorporation in the Emirates. And it’s possible with the help of an HR consultancy firm. HR firms have an entire team of recruitment experts who makes the hiring process in your organization hassle-free.
Enlisted below are some tasks they perform in the hiring procedure:
- Scheduling Interviews
- Hiring Relevant Candidates
- Conducting POFU (Post offer followups)
- Onboarding & Training of the Employees
3-Ensures Employee Development & Their Training Sessions
Try outsourcing the HR functions of your organization to an HR Consultant near you. Hence, it will let businesses manage employees’ overall development. Human resources experts implement all the essential performance management programs for helping employees comply with company policies. Moreover, they monitor the performances of your company’s employees and report it to your management.
4-Enhances Employee Satisfaction and Their Retention
Another good thing about outsourcing the best HR consulting agency in Dubai is a positive transformation in employee satisfaction. An HR consultant takes honest opinions from your employees about their work and advice regarding the changes in the organization.
This way they develop an effective feedback mechanism for ensuring employee satisfaction to retain them in the company.
5-Minimizes in Risk Management in Organizations
Businesses can minimize their risk by hiring an expert in human resources. It can sometimes be difficult for employers to keep up to date with changes in HR policy creation and labour/employment laws. In order to prevent you from having to worry about these laws, HR consultants stay on top of them.
In addition to ensuring that your policies and procedures comply with current laws, they ensure both employees’ and employers’ safety. Furthermore, they regularly update your documentation to ensure you are always up-to-date.
Ques 1) How does an HR Consultancy work?
A best-in-class HR consultancy agency provides you with ultimate solutions for handling your business. These solutions include HR consultancy, advisory services, and career development guidance.
Ques 2) what are HR consultancy services?
Several businesses that don’t want to get into the hassle of hectic hiring processes usually consult an HR consultant to help them out. An HR consultant is an industry expert who gives them genuine guidance for managing the Human resource work of their business.
Ques 3) How much should HR consultants charge?
The charges of HR consultants might vary depending on the services and the experience they have in the industry.
Wrapping it up:
Undeniably, if your day starts with browsing for the best HR consultancy firm near me in Dubai, then you’re on the right path. Your startup business actually needs it. Hopefully, this blog post will give you the ultimate reasons for choosing an HR agency in the UAE.
Being a doctor there is nothing better than getting a Dubai Golden Visa in 2022. It’s because this year is full of surprises when it comes to new rules and regulations related to practising medicines in Dubai.
Since the UAE secures the 22nd position in the World Index of Healthcare Innovation, this country holds endless scopes in the healthcare sector. And acquiring a Golden visa will be like a cherry on the top of the cake for doctors.
In this blog post, we will give you 5 essential reasons why doctors must apply for the UAE Golden in 2022. But before that, let’s explore the eligibility requirements for the doctors who wish to get the UAE Golden visa.
What are the Dubai Golden Visa requirements for doctors?
There are some eligibility criteria you need to fulfil to apply for the Emirates golden visa or permanent residency visa. As a doctor, you are eligible to get the Golden visa if you fit under the following conditions:
- A doctor from specialized fields of medicine, such as innovative technology, science, and human health care
- Licensed doctors by the health departments of the UAE can also apply for the UAE golden visa from July 2021 to September 2022
- The medical practitioner who received the licenses from the health regulatory bodies in the UAE
5 Benefits of Dubai Golden Visa in 2022 For Doctors
Now, when you know the eligibility criteria to apply for the UAE golden visa for doctors, let’s check its benefits.
1- Residency Status of 10 Years
One who holds the Dubai Golden visa also achieves the residency status of 10 years. You can lap up the benefits of 0% corporate and income tax if you hold a Golden visa. Moreover, establishing your medical clinic across the UAE becomes hassle-free with a golden visa.
2-National Sponsor Isn’t Required
The toughest challenge one has to face while applying for a residency visa in the UAE is to look for a national sponsor. But it’s not the same case for the Dubai Golden visa for doctors. The newly introduced framework of the Emirates Golden visa allows foreigners to live, study and work in the UAE without any need for a national sponsorship.
3-Stable & Secure Living Standards
Everyone craves a stable and secure living standard irrespective of their profession and country. Although any UAE visa offers a state-of-the-art living environment, it’s even more in the case of the Emirates Golden visa.
4-Freedom to Open Multiple Accounts
Having the freedom to launch multiple bank accounts is a win-win situation for any individual who lives in a foreign country. It’s because the more banks you have, the more places you get to save your money. The UAE golden visa allows you to open multiple bank accounts across the Emirates.
5-Liberty To Travel Across The Emirates
Imagine your patient lives in the Dubai Mainland area and you stay in the UAQ free zone. Will it be possible for you to visit your patient? Yes, it’s possible if you hold the UAE Golden visa. Emirates Golden visa holders get a chance to travel, study and work freely across the UAE.
Wrapping it up:
Indeed, the Emirates Golden visa holders have endless scopes in every sector, be it real estate or healthcare. Hopefully, after reading this article post you know the benefits of having a Dubai Golden for doctors in 2022. So, you should definitely apply for it if you are a doctor and qualify for all the eligibility criteria.
Do you need some expert guidance regarding the hassle-free application process for the UAE Golden visa? Feel free to connect with the experts in that case.
Knowing the right steps for trading company registration in Dubai has always been a hustle bustle for the entrepreneurs. Who takes the credit? It’s the ample zones available for incorporating an import-export entity in the UAE.
And being an entrepreneur it’s inevitable for you to face endless confusions and challenges. These hurdles and confusions could be in terms of choosing the right locations, getting license approvals, or whatnot.
In this blogpost, we’re going to share the 6 most essential steps to incorporate a trading business in the UAE. But before that, let’s know a few scopes of setting up a trading entity in Dubai.
What are the scopes of trading company registration in Dubai?
The import-export entities are booming in Dubai. It’s because a trading company in the UAE earns a lot of profits. As per the Statista’s reports for the year of 2020, the Emirate’s trade balance crossed 93.54 billion U.S. dollars. Isn’t it huge?
Here is why registering a trading company in Dubai has endless scopes:
- Perfect location with an excellent accessibility to ports
- Convenient product distribution management
- Liberty of duty free export to over 17 middle east counties, and more.
How to get started for Trading Company Registration in Dubai?
Now, when you understand the scopes and benefits of starting a trading entity in Dubai, let’s see how to register it. Let’s dive in.
1-Select Your Trading Activity
While registering an import export business in the UAE,the first step is to choose your trading activities. These activities will help you in deciding the suitable type of license for you.
For instance, if you desire to trade multiple unrelated goods, then a general trading license will be the best alternative.
2- Think of a Company Name
After listing out trading activities, the next essential thing you have to do is to think of a company name. Make sure you are keeping certain things in mind while doing it. You just need to abide by a few name conventions, such as:
- The name must not include any offensive or blasphemous language
- Restrain yourself from using the names of well-known organizations
- In case you use your name, then avoid using abbreviations
3- Decide on a setup location
Dubai serves you a lot of location choices to incorporate your trading company. Whether you start your trading business in Dubai Mainland, or incorporate it a UAE free zone, that’s your call. We will recommend you to choose any of the UAE free zones to get started.
For example, Fujairah Free Zone that is just 15 minutes away from Fujairah Port will be an impeccable choice. Thanks to the capability of this port for serving direct routes to the Persian Gulf, the Indian subcontinent and Africa.
4- Apply for the suitable trading license
Are you now thinking how to apply for the suitable trading license for your business? Well, it isn’t a rocket science. There are two ways for doing it. One way is to directly apply for it from the Department of Economics Development (DED). Whereas, the other way is to go the municipality of your chosen emirate to apply for the relevant trading license.
Enlisted below is the list of the documents you need to provide:
- 100% filled up application form
- Proposed owner’s passport copy
- Two colour passport size photographs with a white background
5- Fulfill The Customs Requirements
Since you are planning to trade with various companies situated around the world, considering custom requirements becomes essential. Although you can lap up the benefits of import-export tax exemptions in free zones, you still need an import code. You need to request it from the Federal Customs authority.
All you need to do is to offer the following documents:
- General trading license’s copy
- Passport’s copy
- Information about the trading activities
6- Obtain the Required Visas
After applying for the business license, the next crucial procedure for trading company incorporation in Dubai is to get the required visas. It’s always a great idea to seek guidance from the company formation experts based out in Emirates.
In order to be eligible for the maximum number of visas,there could be a plethora of factors. You will need to evaluate your company’s size, your chosen setup, and a lot more things.
Wrapping it up:
Indeed, incorporating a trading company in Dubai has endless scopes and possibilities. So, investing in it is definitely a win-win game for entrepreneurs. Hopefully, the above-discussed steps will give you more clarity for undergoing smooth trading company registration in Dubai.
Do you still need one-to-one assistance for your trading business formation in Dubai? Feel free to connect with Industry experts.
Are you confused about how and where to open a restaurant in Dubai? Well, this blog post is surely going to end all your doubts.
The UAE gives shelter to more than 200 nationalities. And every individual craves delicious food, no matter what nationality they belong to. Today, the UAE market is impressively booming where the sales of fast-food restaurants are expected to reach 4.5 billion U.S. dollars in 2022. It simply means that starting a restaurant in the UAE holds endless opportunities.
Let’s dive in and check a few points you need to keep in mind while incorporating a restaurant in Dubai.
6 Must-Needed Steps To Open A Restaurant In Dubai
There are certain steps you need to take while opening a restaurant in Dubai, such as:
1- Have An Approximate Idea Of Setup Cost
When it comes to incorporating a restaurant across the UAE, it becomes extremely essential to have an idea about your investment. Just jot down the expenses you have to bear beforehand.
Here are some of the costs you need to keep in mind while starting your restaurant:
- License fees
- Rent or expenses of purchasing a new property
- Various approval costs
- Expenses on staff training programme
- Insurance fees
- Capital for working
- Infrastructure cost
2-Get The Required Licenses To Open A Restaurant In Dubai
One of the most essential requirements for starting a restaurant business in the UAE is getting a trading and food license. Let’s know about each of these licenses in detail.
The Department of Tourism and Commerce Marketing of Dubai is responsible for offering a trade license. All you need to do is to mention the type of restaurant you will be operating. The expenses for acquiring a trade license vary from restaurant to restaurant and can cost up to AED 40000.
Make sure you are following the below-mentioned steps for getting a trade license:
- Identify the nature of the business, whether it’s commercial, professional or industrial
- Determine the number of business activities the company will be performing (maximum limit: 10)
- Give your enterprise a legal status in the UAE
- Choose and register a trade name for your company
- Application submission for initial approval
- Rent a corporate office
- Prepare all necessary documents
- Submit a final application to DED for approval
Obtaining a Food License from the Food Safety Department is essential for the further approval of the restaurant construction plan. Here are the required documents you need to present:
- Trade license’s copy
- The interior design structure of the building (only if applicable)
Although the aforementioned licenses are the basic license requirements, you might also need the following licenses:
- License for food consignment release
- Pork permit for managing and serving pork products
- Vehicle permit for the transportation of food products
- Liquor License (if applicable)
3-Identify The Restaurant’s Concept And USP
Once you have the documents ready for the various license approvals, another important step is to identify your restaurant’s USP. Make sure you are presenting some uniqueness in your restaurant theme.
Your restaurant with an out-of-the-box theme will play an essential role in attracting more customers.
4-Choose A Suitable location
Did you decide on the location of your restaurant? Not yet? Well, make sure you are choosing one wisely. Do proper research before choosing the physical space for your restaurant. Some of the most suitable locations for setting up a restaurant across the emirates are:
- Emirates Hills
- Dubai Creek
- Mall of the Emirates
- Al Quoz
Still, if you are looking for some other location across the UAE, you can consider the factors like client base, accessibility, affordability, etc.
5-Craft The Restaurant Menu
A relevant restaurant menu that drives profit is extremely essential in every restaurant business. Make sure that you are also creating one. Keep your high revenue generating food items at a place that grabs the most attention of the customers. Try drafting tempting menu descriptions.
Furthermore, always ensure to embrace flexibility when it comes to updating your menu.
6-Get Construction Approvals
Did you know? Your dream of opening a restaurant in the Emirates can shatter if you don’t get prior construction approvals from the Food Court department of Dubai. Submit the blueprint of the following details:
- Space of the restroom
- Passage detail for entry and exit
- Area of food processing and storage units
- Location of equipment used for food processing
Summing it up:
Without a doubt, opening a restaurant in Dubai doesn’t remain a tedious task if you have the right procedures. We hope this article post gave you a rough idea about how to open a restaurant in Dubai.
Well, Dubai follows a strict food code when it comes to the establishment of restaurants. So, it’s always insightful to seek guidance from business consulting firms. Make sure you are doing it.
If we talk about the benefits of eCommerce business registration in Dubai, then it’s an impeccable opportunity. Ecommerce businesses are thriving across the globe. And according to a survey conducted by Statista in 2021, the estimated eCommerce sales will grow by 23% across the UAE between the years 2018-2022. Well, it simply means that eCommerce businesses serve as a great opportunity for entrepreneurs to become a billionaire.
Here are 7 Ultimate Tips You Can Follow For Successful eCommerce Business Registration in Dubai
1. Explore The Market Potential
Before the commencement of your eCommerce business in Dubai, it is extremely essential to analyze the market trends. You need to understand your target customers’ psychology and then work on the UVP(Unique Value Proposition) of your business. Depending on the market potential, you can choose any of the following business models:
- business-to-business(B2B) module
- business-to-client(B2C) module
- client-to-business(C2B) module
2. Select A Suitable Location For Ecommerce Business Registration In Dubai
Location is another factor that you need to consider if you are thinking of registering your eCommerce business in Dubai. An advantage of incorporating an eCommerce business in the UAE is the hassle-free business operation without a need for physical space. Here are two zones which you can choose for establishing your eCommerce venture in Dubai:
- Free Zones
The UAE offers 40+ free zones for business incorporation. The most suitable free zones for eCommerce enterprises include SHAMS Free zone, IFZA, Dubai Airport Free Zone, SPC Free zone, etc. The good things about starting a business in the free zones are 100% ownership, 0% income tax, full business profit repatriation, and much more.
- Mainland Zone
Another location option for investing in an eCommerce business is the Dubai Mainland. Currently, there are two legal areas you can approach for getting a Dubai mainland business license. A mainland eCommerce company get an official authorization from the Dubai Economic Department (DED) to operate business internationally and locally.
3. Register the Name of Your Ecommerce Entity
Once you choose the location, the next step is to register the trade name of your eCommerce venture. All you need to do is to fill up an application form after receiving it from the suitable Economic Department.
One thing you need to keep in mind is to decide on a name that is valid for Dubai. For instance, avoid using names which contain foul, religious, and controversial names. In case, your company name is after a person, use his/her full name.
4. Obtain An Ecommerce License
Chosen the suitable location for your eCommerce store and Decided on its name? What next? Yes, you’re guessing it right. It’s how to apply for an eCommerce business license in Dubai. Enlisted below are the eligibility criteria for obtaining an e-commerce license in the UAE:
- The owner’s age must be 21 years or above
- A valid Emirates ID
- Need for a registered company name
- Payment of fees within 24 hours of the registration form submission
- Completion of the registration process with DED
- Annual license renewal within one month of the expiry date
5. Create A Flawless Ecommerce Website
Can you imagine yourself gaining profits from an eCommerce business without a commendable eCommerce website? Of course, it’s unimaginable. Make sure you are developing a user-friendly, secure, SEO-friendly and speed-optimized eCommerce website for your business. You can hire professional eCommerce website developers for it.
6. Incorporate A Secure Payment Gateway
A trustworthy eCommerce website is one that has a secure payment gateway. Thus, you also need to integrate one for your eCommerce store. You require a merchant account from your local bank or a payment service provider for making it possible.
Be particular while optimizing the payment getaways which handle the user traffic as per the TRA (Telecommunications Regulatory Authority) guidelines. It’s also essential to ensure that your website offers 24/7 customer support in case of payment failures.
7. Provide 24X7 Customer or Logistic Support
Whether it’s offering round-the-clock customer support, managing technical aspects, or building a strong logistic system, everything matters. Your eCommerce business should include them all.
Import and export facilities are unavoidable elements for an eCommerce store’s survival. So, you need to manage them impeccably.
Summing it up:
Undoubtedly, Dubai has the fastest-growing eCommerce market in the Middle East and it will continue to grow in the future. You just have to follow the aforementioned steps for your eCommerce business registration in Dubai and see the magic. The dream of earning billions through your eCommerce business will turn into reality.
Are you ready to take the first step in registering your eCommerce business in Dubai? Seek free consultation from industry experts.
Acquiring a Dubai Partner Visa is like a dream come true especially if you are a budding entrepreneur. And why not? After all, UAE ranks 16th position on the Index of Global Ease of Doing Business. It simply means that doing business in Dubai is just like walking in the park.
But you can’t start a business in the UAE if you don’t even have a Partner aka an investor visa. Check out this blog post for getting the complete detail on registering for a partner visa aka investor visa in Dubai.
What are the Required Steps to register for a Dubai Partner Visa?
Holders of investor visas in the UAE are entitled to a number of exclusive benefits. Therefore, if your business needs fulfil the essential requirements, you should consider applying for a partner visa in the UAE. Please follow the steps below to do so:
- Submission of visa application
- Completion of the request for status change
- Go for the mandatory medical examination
- Apply for Emirates ID via authentic Typing Centre
- Get a stamp on your Partner’s Visa
Detailed Description of the Required Steps for Getting A Dubai Partner Visa
Indeed, applying for an investor or partner visa in Dubai involves a particular procedure. Let’s explore the above-mentioned steps for obtaining a partner visa in the UAE if are an entrepreneur:
Submission of visa application
If you want to submit the visa application without any mistakes or contradictions, then you should take it to the local typing centre. The experts over there will ensure the error-free filling of your visa application. Moreover, you can apply for a partner/investor visa if the partner owns a minimum of 25% of the venture.
Additionally, you need to keep all the mandatory documents handy for the purpose of identity verification. Once the immigration council approves your request, you need to accept the emailed investor visa application consent.
Completion of the request for status change
After the completion of your investor visa UAE application, all you need to do is to change the application status. Here is how:
- Firstly, wait for some time to receive the approval from the GDRFA (General Directorate of Residency and Foreigners Affairs Dubai)
- Secondly, go to the sanctioned typing centre for winding up the changed status of the application. Make sure you received the approval from the GDRFA before following the second step.
Notably, this process can be a hassle if you miss even a single detail. Thus, we will advise you to seek guidance from visa professionals.
Go for the mandatory medical examination
In order to apply for an investor visa in the UAE, a medical examination is an obligatory step in the process. First of all, you must complete the medical typing in order to qualify for the examination.
Later on, you can visit the authorised medical centre on the assigned date. Perform the organised medical test by the authority and get an instant result for it.
Apply for Emirates ID via Authentic Typing Centre
Emirates ID is important for a safe stay in various regions across the United Arab Emirates. So, it’s extremely essential that you are having one. After the completion of the medical typing and health exam, make sure you’re focussing on the Emirate ID typing procedure.
Various legitimate permits, even the partner visa Dubai needs to be linked to a valid Emirates ID. Moving ahead, you might also need to authorise your fingerprint according to the genre of your application and industry standards.
Get a stamp on your Partner’s Visa
Lastly, after winding up all the aforementioned requirements, make sure you get a stamp on your UAE Partner Visa. There are certain officials assigned for this purpose. Go to an authorised location for the commencement of the visa stamping process.
In the end, the Immigration Department will send you an approval/rejection message to your official mobile number.
Wrapping it up:
Without a doubt, investing in Dubai becomes a smooth process if you have an investor/ partner visa. And after reading this blog post, you can imagine how easy it is to get your Dubai partner visa.
Although this process is effortless, seeking advice from a professional consultancy firm can make things even easier for you. They will guide you in choosing the suitable type of partner/investor visa Dubai.
When it comes to LLC company formation in Dubai, you might have a lot of questions in mind. These could be related to the suitable location, required documentation, and the company establishment cost. On top of that, the most thought-provoking thing is whether investing in LLC company formation in the UAE, is the right decision or not.
But before we share the benefits of setting up an LLC company in the UAE, let’s check the various zones available for you.
Location Opportunities For LLC Company Incorporation In Dubai
Being a successful trade hub, this city of skyscrapers has a plethora of zones available for performing business activities. These zones serve as a great opportunity for several newcomers and entrepreneurs who wish to invest in Dubai.
Here are those essential areas suitable for LLC business in the Emirates:
- Dubai Mainland Zone
- Dubai Free Zones
- Dubai Inshore and Offshore Areas
You can always choose the suitable region for commencing your Limited Liability Company in Dubai as per your business needs. Let us now share the top 8 reasons for establishing an LLC company in Dubai.
8 Reasons Why LLC Company Incorporation in Dubai is A Right Investment
Setting up an LLC in Dubai can be a win-win situation for your business. Here are the top 8 benefits you can get by forming one.
1-Gives Affordable Business Solution
The biggest thing of botheration for most investors is the load of investment they need while starting a business. But there isn’t any minimum capital requirement for starting an LLC company in Dubai. As a result, you get ample cost-effective business solutions for incorporating an LLC in Dubai.
2-Offers Protection Against Liability
Having an LLC lets you keep your assets separate from your business activities. It means you are just responsible for your shares in the capital of the LLC company. And it’s like a cherry on top when you are forming LLC in Dubai because you don’t have too many restrictions.
3- Allows Managerial flexibility
It is possible to manage an LLC by the owners (members) or by outside managers. Having this flexibility will allow you to run and structure your business the way you want. Moreover, in a place like Dubai, you are never out of a talented workforce. So, getting a skilled team for handling the management of an LLC is also easy here.
4-Lesser Ownership Restrictions
In an LLC company, there are possibilities of zero interference of your UAE partners under a few contracts. As an investor, you can handle the business without any need for a local partner. Consequently, this gives you the freedom to regulate day-to-day business activities.
5-Serves Freedom of Renting An Office
While incorporating an LLC company in the UAE, you get the liberty of renting an office in the UAE. Also, you can even start the brand offices within the country or abroad. Since Dubai’s central location and world-class infrastructure are suitable for most businesses, your LLC can surely thrive here.
6-Exempts Heavy Tax
You don’t have to worry about paying heavy taxes while running your LLC in Dubai, it’s almost negligible here. Furthermore, with an LLC company formation in Dubai free zone, you can enjoy the benefits of 0% corporate and income tax. Besides that, the VAT rate in Dubai is just 5%.
7-Enhances the Company’s Image
When you establish an LLC in Dubai with local partners, it can boost your business image. Do you know how? It’s because this step will allow you in building trust among your clients and customers. As a result, this lets you get more opportunities from the local markets.
gain more access to local markets.
8-Provides Access To The UAE Mainland Market
Another advantage of setting up an LLC company across various regions of Dubai is the accessibility to the local market. It can be a favourable condition for approaching your target audiences.
Summing it up,
Although there are ample reasons that support LLC company formation in Dubai, the process of getting started can be complicated. There is a lot of paperwork involved and you can’t do it carelessly. You need industry experts for guiding you in hassle-free company incorporation in Dubai. Our professional team can do it for you. Feel free to contact us.
Still, deciding whether you should incorporate a business at SHAMS Freezone or not? Well, you must go ahead. It’s surely going to be a wise decision. Sharjah Media City Free Zone aka SHAMS provides a plethora of benefits to aspiring entrepreneurs. And the most beneficial industry in the Sharjah free zone is the media and creative sector. Thanks to the world-class infrastructure of this place for making it a hub for modern media services.
The UAE free zone has always been a booming area when it comes to establishing a company. Some perks of company incorporation in a free zone are 100% ownership, full repatriation of profits, zero income, corporate taxes, and a plethora of activities. And, for SHAMS company formation SHAMS free zones just boast them.
Are you now eager to know more about the advantages of setting up a company in SHAMS-free zones? If yes, here are the 7 essential reasons you should definitely know.
SHAMS company formation: 7 Important Reasons To Incorporate Your Business at Free Zone
1. Affordability in Establishment
Sharjah isn’t that expensive if you wish to establish a business. It’s even more affordable than the regions of Dubai. In Shams, you can set up a company with a starting annual license fee of AED 11,500. Just like other free zones, even in SHAMS, you have the following perks:
- Foreign Ownership Permissions
- Full Repatriation of Capitals and Profits
- Liberty from custom duty
- Zero personal or corporate tax
2. Fast and Hassle-Free Registration Process
When the rules and regulations are comparatively strict, SHAMS zones are setting a benchmark in terms of liberal laws. Getting business approval from authorities is easier in SHAMS Free Zone. You don’t have to do too much paperwork.
Kudos to the digitalization of the process. Just wait for three days after applying for a business license in SHAMS are you’re done.
3. Favourability of Location
The free zone of Sharjah is just 15 minutes away from Dubai Airport and 5 minutes away from Sharjah Airport. This city is a complete package of a rich commercial zone with a well-planned network of roads and metro. Moreover, its explicit residential boulevards, creative units, hotels, and plazas have a strong transportation network.
4. Lesser Time Involved In Installation
Forming a company in Sharjah Media city takes lesser than a week. While all the documentation and paperwork were completed within a time span of 2 days. The entire team of TVG consultancy ensures the completion of the remaining process including the Visa stamping and Immigration card formalities in a month. Additionally, they recruit the workforce for you without the requirement of contract attestation from the Ministry of Labor.
5. Easier Visa Process
One unignorable benefit of establishing a business in Shams Media city is quick visa access. It gives you the freedom to acquire investor visas without any age restriction or payment deposit. The limit is up to six visas through the facility of the shared desk.
6. Business Formation Benefits Without Any Physical Presence
Companies do not need any physical presence for the legitimization of their existence in the Shams free zone. It lets the owners operate their business from anywhere. Companies can enjoy all the advantages of LLC with the power to appoint the corporate directors and corporate managers in the firm.
7. Introduction To A Registered Agent System
Shams free zones introduce an effective registered agent system. As an investor, you can incorporate your company through a registered agent for the purpose to maintain the point of contact. It contributes toward a decentralized structure that offers quick customer service and valid information support.
Wrapping it up:
Without a doubt, you’ll surely incorporate your business at Shams Free Zone after reading this blog post. And why not? After all, there are so many perks your business can enjoy in the Shams Media Free Zone. Ready for the positive change? Get in touch with the experts to make your business formation in UAE Free Zones a smooth process.
- What are the SHAMS Free zones in the UAE?
Launched back in 2017, SHAMS free zone aka Sharjah Media city is one of the free zones in the Emirates. This zone holds endless opportunities for the business of the servicing sector, such as tourism, media and broadcasting, etc.
- How much does it cost to start a business in Sharjah?
The cost of starting a business in Sharjah depends on the type of business you are willing to start and the number of licenses you require.
- If I take License from SHAMS, will I be able to do business in other emirates?
No, your SHAMS business license is not valid in other zones of Emirates. You can only do business in the Emirates with a mainland company license.
If you’re planning for Dubai Mainland business incorporation, it can be a win-win game. And why not? After all, Dubai’s surprising industrial growth isn’t hidden from anyone. It simply implies that Dubai Mainland Company formation is the most preferred option for many investors.
One reason is the advantage of 100% repatriation of profits and capital gains investors get while doing business in this skyscraper’s city. Eager to know the other reasons? Let’s dive in.
6 Reasons Why Dubai Mainland Company Formation Is A Win-Win Game
Your decision makes sense if it’s setting up a company in Dubai Mainland. Want to know why? Check out these below-listed reasons:
1. Exposure to the local Market Place
One thing that’s really exciting about Dubai is its local market. It holds a strong place with a plethora of opportunities for business aspirants. No matter which industry you belong to, there are endless scopes for your company to thrive. Here are a few industries that are doing exceptionally well in Dubai today:
- Tourism & Hospitality
- Hospital & Health Care
- Marketing & Advertising
- Food & Beverages
- Education and Consultancy
- IT & Softwares
2. Liberty to Trade Within Dubai and Other Regions in the UAE
After setting up your company in Dubai Mainland, you can enjoy the freedom of trading with Dubai and other Emirati regions. Thanks to the liberal trading permissions this city grants you. In short, there are no restrictions on legal and legitimate trading activities.
All you need to do is to connect with the DED(Department of Economic Development) and other government bodies for the completion of legal procedures. Just submit the required documents after placing the request for approval.
3. Benefit of 100% Business Ownership
The need for 100% ownership is always a major concern for entrepreneurs and investors whatsoever the business is. Which business owner likes to share his/her equity? It only happens either due to the shortage of funds or strict company laws of the country.
In Dubai Mainland, at least you don’t have to bother about the company ownership laws. It’s 100% ownership without any need of hiring the local sponsor/UAE national according to the latest amendments.
4. Freedom To Bid for Government Projects
Another good thing about Dubai Mainland company formation is the exposure to investing in lucrative government contracts. In case you win these projects, your reputation in the market will eventually hike. Consequently, it will enhance your credibility in the Emirate’s corporate world.
Bidding for government projects isn’t possible with Free zone companies despite their favorability for business activities. Additionally, you get to learn a lot from government contracts.
5. Lenient Tax Laws
Tax laws are the biggest barriers for companies that often stop them from investing in a business. However, the situation is completely different when it comes to carrying out business activities in Dubai Mainland. Well, there isn’t any corporate tax. Yes, you heard it right.
The maximum you will require to pay will be the VAT and it’s not too pricey. Just 5% on tax-registered businesses. Besides that, the Dubai government is extremely transparent to all businesses.
6. Access To Unlimited Number Of Visas
Having access to an unlimited number of visas plays an essential role if you wish to expand your business across the UAE. Unlike free zone businesses, Dubai Mainland businesses get the freedom to apply for multiple visas depending on the company requirements. All in all, the more visas you apply for, the more office space you get to rent.
This advantage will be helpful for your business in a situation where your employees ask to work remotely. Thus, you can request the MoHRE (Ministry of Human Resources & Emiratisation) to grant you permission in renting out the extra office space.
Wrapping it up:
Indeed, incorporating your dream venture into the Dubai Mainland is a lucrative business opportunity you shouldn’t miss at all. You get the exposure to take government projects, enjoy liberal government policies, and 100% ownership more than it.
Ready for the big move? Connect with the mainland license experts for Dubai Mainland business incorporation today.