The Regulations of Industrial License in Saudi Arabia

To start industrial projects in Saudi Arabia, investors must apply in the portal of the Ministry of Industry and Mineral Resources (MIMR). Foreign investors must register their business with MISA. This involves submitting a detailed business plan and demonstrating financial Feasibility . While having a local partner can be beneficial, it’s not mandatory for all sectors.. The investor should state the product and production capacity, the estimated capital, and the proposed location. If the ministry considers the project appropriate, it will provide the applicant with a license application form.

The license to establish an industrial company in Saudi Arabia is issued following one of the following two regulations:
• The National Industrial Development Program applies to industrial projects established by Saudi citizens with full Saudi capital.
• The Foreign Investment Law applies to industrial projects wholly owned by foreign capital or in joint ventures with foreign capital.

Rules for Industrial License

Projects with a fixed capital of less than (SAR 1 million) do not apply to the industry license system. Nevertheless, they must obtain commercial registration. Investors should obtain registration forms from the Ministry’s Industrial Project Evaluation and Licensing Department. Investors must submit the form and the equipment invoice to the Department of Commerce. Upon approval, they will contact the business registration office. Wherever the project is located, the investor must contact the registration department for the registration process. Commercial registration of bakeries, cold storage, ice plants, and cement mixing projects can be carried out without obtaining an industrial license from the Ministry.

Tax Exemption in the Saudi Industrial Sector:

On May 17, 2024, the Kingdom of Saudi Arabia’s Cabinet approved the revised regulations exempting various industrial inputs from taxes and duties. These exemptions encompass machinery, equipment, spare parts, primary raw materials, semi-manufactured materials, and packaging materials essential for industrial production.
This regulation aims to bolster the competitiveness of KSA-manufactured products in global markets. Alleviating the burden of duties will decrease production costs, and enable Saudi companies to reduce their prices or reinvest the savings into enhancing product quality and marketing strategies. This will allow Saudi products to compete more effectively with foreign goods. subject to customs duties, thereby increasing their appeal to both consumers and investors.

The Saudi Cabinet has approved the updated regulations for exempting industrial inputs from taxes, including:

• Machinery.
• Equipment.
• Spare parts.
• Semi-processed materials.
• Raw & packaging materials.

To obtain these benefits, industrial companies must meet the following conditions:

• Provide all the information and detailed information about the industrial project required by the Ministry and allow representatives of the Ministry to inspect the project under the provisions of the Act.
• Only use the equipment, machinery, spare parts, and raw materials exempted from tariffs in licensed factories and use them to obtain the exemption.
• The staff should be Saudi labor and technical personnel, unless otherwise approved by the Ministry of Labor and Social Affairs.

Industrial License Application Process 

The application should include the applicant’s legal status, information about the company, and the products. It plans to produce in the Kingdom information about the local competition. Description of the manufacturing process, detailed information about equipment, machinery, and raw materials, manpower requirements, and plans for Saudi labor and personnel training, Project value, economic feasibility study, project cost, and marketing plan.
The functions of the Foreign Investment Committee include recommending development projects, evaluating investment applications, investigating complaints or disputes, recommending penalties for violators, and formulating rules for bill implementation.

SAGIA|MISA emphasizes the importance of foreign companies conducting business under the correct licensing activities. The service provides all industrial licenses in Saudi Arabia, like heavy and light industries and transition industries.

Documents for Industrial License Saudi Arabia

1. Commercial registration copy certified by the Saudi Embassy. If one of the partners is a natural person with the nationality of one of the GCC countries, provide the ID. 
2. The parent company’s financial statements in the previous fiscal year.
3. Suppose one of the partners implied previous permission from the Ministry of Investment. When filling in the partner information when submitting the online application, it must be stated.
4. Holders of high-end residences are exempt from those requirements. 
5. The applicant must enter data on Saudi national status, premium residence, or residence. 
6. The license must be reissued at the Ministry of Industry and Mineral Resources to obtain an industry license. Obtain environmental approval together with the General Administration of Meteorology and Environmental Protection.

Emark your investment journey in Saudi Arabia 

Need further assistance with your industrial license in Saudi Arabia? J M J Facilities Management Services EST can assist you in obtaining an industrial license. Our consulting team will guide you in setting up your business from the ground up. Contact us if you require additional assistance with Business Setup in Saudi Arabia.

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Advantages of online business 

• Allows easier expansion in foreign markets
• Easier to get product fit for the market
• Shorter B2B sales cycle 
• Low entry barrier

Starting an online business in Dubai 

While online business is lucrative, it is more beneficial to start in Dubai. Certain factors like minimal bureaucracy, investor-friendly rules, and the overall amicable work environment, along with zero uae corporate tax, make Dubai a vibrant place to start an online business. 

Few critical decisions to be made before starting are as follows. 

Free Zone or Mainland?

Setting up an online start-up business in the Mainland and Free Zone has its requirements. For example, in the Mainland Company setup, Dubai one can trade directly in the local UAE market without requiring a local Sponsor. One is allowed to take up government contracts. 

• Starting a Free zone Company setup in Dubai will allow the business to benefit from the UAE Zero Tax requirement, customs duty exemption, and 100% repatriation of profit and capital in any currency. 
• Starting an online business in Dubai will require a license as any regular business requires. The name of the company operating online will have to follow similar rules of the UAE.
• All online businesses should have a company name that is not registered and approved by the authorities. 
• Application in the Free Zone or Mainland will be similar to setting up any offline business. 
• One has to apply to the relevant Free zone authorities. In the case of the Mainland, application to the Department of Economic Development or municipality will be required with proper documentation. 

Cost of setting up an online business

The initial cost of setting up an online business setup in Dubai is incredibly low. One can apply and get a business license from the DED online portal in one day. Acquiring an e-commerce business license in a Free Zone is quick and easy. One can get many advantages, as already mentioned. 

Setting up a business depends on the size and type of business, the number of people required to handle the operations, office space set up, and visa requirements. One does not necessarily require physical office space and can operate an online business from a virtual office address. Depending on the online business scale, managing an online business is also process-oriented, backed by an experienced workforce. 

Starting an online business 

• For start-ups, entrepreneurs will analyze scheduling and pre-planner launching of the eCommerce website to grab the consumer’s attention and provide the business with the initial boost.
• Ensure smooth end-to-end functioning of Infrastructure and website Applications. 
• Monitoring of eCommerce platform for complete business solutions. 
• Provide training to the workforce to ensure tackling complex problems encountered on the digital platform. 
• Ensure the eCommerce platform enhances user experience and assists them through interactive tools competency and ensure on-time order fulfilment and no delivery snags. 
• As the end-to-end purchase is automated, there will be minimal staff requirements. The inventory cost can be kept to the minimum through a product demand forecast. 
• Requirement of e-commerce website consultant who can provide scaling up of infrastructure and provide support and training. 

If one has an online service-based business, the operational cost will be lower. On the other hand, dealing in consumer durables and goods will require infrastructure and back-office staff on a larger scale, and the cost of setting up and monthly operations will be higher. 

While it is easy to set up the online infrastructure in the UAE, the more crucial part is knowing and deciding what type of business will benefit the eCommerce platform. 

Hiring Business Consultancy 

An entrepreneur will require an in-depth knowledge of the UAE market. It is advisable to take the services of a business setup consultancy to advise on the correct type of online business, which location to start in, and the formalities needed to set up. 

When one works with a Company formation expert such as J M J Facilities Management Services EST, one will get complete guidance on what type of online business to start in the UAE market and get assistance to get all the licenses, permits, and visas approved from the authorities. Experts can help to provide a virtual office address if the online business does not need a physical space. Besides, providing routine administrative and legal services, they can bring onboard digital marketing experts for website development and activation to make the online business go live and function smoothly.

Need assistance to start your online business in Dubai? Contact J M J Facilities Management Services EST for hassle-free support. Write to us [email protected] or call 00 971 556070118

The post Know Everything: How to Start an Online Business in Dubai appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

 In this article, we will explore the importance of regional headquarters, how to obtain licenses and necessary documents, as well as the conditions companies must meet to ensure a successful move to this vibrant economic market.

Regional Headquarters License:

Regional headquarters in the Kingdom of Saudi Arabia are established according to Saudi laws to provide support, management, and strategic guidance to their branches and subsidiaries in the Middle East and North Africa. The Regional Headquarters Program is a joint initiative by the Ministry of Investment and the Royal Commission for Riyadh City, inviting global companies to move their regional headquarters to the Kingdom of Saudi Arabia.

Requirements for Securing a Regional Headquarters License in Saudi Arabia:

What are the required documents to be submitted in an application for an RHQ License?

To obtain a foreign headquarters license in the Kingdom of Saudi Arabia, multinational foreign companies wishing to relocate their regional headquarters must follow these steps:

Required Documents:

• A certified copy of the establishment’s commercial registration from the Saudi embassy.
• At least two commercial registers issued in different countries (excluding Saudi Arabia or the applying company’s registry) certified by the Saudi embassy in the relevant countries.
• Financial statements of the foreign company seeking the license, authenticated by the Saudi embassy in the concerned country.

Rules and Restrictions for Regional Headquarters License:

• Parent Company License:

The parent company must be licensed in two different countries, excluding Saudi Arabia and the country where the parent company is located.

• Independent Entity:

The regional headquarters must be established as an independent entity, separate from the multinational company’s entities, either as a company or a branch of a foreign company.

• Non-Different Commercial Activities:

IT is not allowed for regional headquarters  to engage in business activities, that generate profits different from the activities specified in the license.

• Commencement of Mandatory Activities:

IT must commence mandatory activities, within a maximum period of six months from the date of obtaining the license.

• Optional Activities:

The regional headquarters must engage in at least three optional activities within one year of obtaining the license, and the applicant can choose these activities during the application process.

• Experience and Employees:

Employees responsible for mandatory activities at the regional headquarters must have relevant experience and skills, with at least three of them at the executive or deputy executive level.

• Number of Employees:

Employ at least 15 full-time employees to carry out the headquarters’ activities within one year of obtaining the license, including top executives.

Revocation of licenses for foreign headquarters :

• Non-compliance with local laws, regulations, and conditions applied by the Kingdom.
• Failure to adhere to the specific conditions of the regional headquarters license.
• Failure to initiate mandatory and optional activities, and failure to employ the minimum number of employees within the specified timeframe.
• Ceasing one mandatory activity or discontinuing at least three optional activities.
• Failure to fulfill the conditions upon which the regional headquarters license was granted by the regional headquarters or the parent company.
• Non-compliance with the values and conditions of investment issued by the Saudi Ministry of Investment (MISA).

What do mandatory activities for regional headquarters include?

Mandatory activities for regional headquarters encompass various administrative tasks and strategic direction for the regional headquarters. These activities include:

• Developing and monitoring regional strategy.
• Coordinating to achieve strategic alignment.
• Introducing products and services in the region.
• Supporting acquisition, merger, and investment withdrawal operations.
• Reviewing financial performance and establishing financial business plans and budgets.
• Coordinating business operations and identifying new market opportunities.
• Monitoring regional market, competitors, and operations.
• Developing a region-focused marketing plan.
• Providing operational and financial reports.

The optional activities that companies can undertake:

• Sales and marketing support.
• Human resources and employee management.
• Training services.
• Financial management, foreign currency exchange, and treasury management.
• Compliance monitoring and internal control.
• Providing accounting and legal services.
• Auditing, research, and analysis, logistics services.
• Exporting and importing raw materials.
• Conducting operations related to information technology systems networks.
• Utilizing raw materials and financial resources.
• Managing intellectual property rights.

Saudi Arabia’s Economy: Promising Investment Opportunities

The decision to relocate the regional management headquarters to Riyadh is considered a strategic move that opens exceptional investment opportunities for local and international companies. It allows them to benefit from the vast Saudi market, reliable infrastructure, and lucrative government contracts. Furthermore, it holds a significant position as the largest economy in the Middle East and North Africa, ranking eighteenth among the world’s largest economies. The diversity of the Saudi economy is evident in its reliance on multiple sources of income, and the Kingdom’s commitment to reforms and economic transformations enhances economic diversification, aiming for sustainable development.

• It should be noted, that some challenges may arise in licensing procedures, document authentication, and compliance with conditions and laws.

Get Your RHQ License with BusinessLink

BusinessLink provides extensive support for the relocation of regional headquarters to Riyadh. Leveraging our profound expertise in the Saudi market and a thorough comprehension of applicable laws and regulations, we stand ready to facilitate your success in this promising economic landscape. Reach out to us today to gain insights into establishing your company’s regional headquarters in the Kingdom of Saudi Arabia. Our dedicated team is committed to assisting you in thriving within this dynamic economy.

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Myth #1: Dubai is a tax-free haven

While Dubai does not have a personal income tax or corporate tax, there are still other taxes that businesses need to pay. These include value-added tax (VAT) and customs duties. Additionally, certain industries may have specific taxes or fees associated with them. Businesses need to understand the tax implications of their operations in Dubai and ensure compliance. As an entrepreneur or foreign investor, you can reach out to business setup consultants in Dubai, who can take you through the process for better understanding. 

Myth #2: Setting up a business in Dubai is difficult and time-consuming

Setting up a business in Dubai has been streamlined in recent years, making it relatively easy for entrepreneurs and businesses to establish themselves in the city. The Dubai Department of Economic Development (DED) provides a one-stop shop for business registration. Making it simple to complete all necessary paperwork and procedures in one place. Additionally, Dubai has a dedicated free zone system that offers businesses a variety of benefits, such as 100% foreign ownership and tax exemptions.

Myth #3: Dubai is only suitable for trading businesses

Dubai is known for its bustling trade and commerce, but it has a diverse economy that offers business opportunities in various sectors. Dubai is home to a thriving technology and innovation sector and a growing healthcare and education industry. Additionally, the city has a strong tourism and hospitality sector, making it an attractive location for businesses in these industries. Regardless of your business’s activity, size, or structure, you have endless options for company formation in Dubai. 

Myth #4: Dubai is only for large corporations

Dubai welcomes businesses of all sizes and types. The city’s free zones are specifically designed to attract small and medium-sized enterprises (SMEs). These free zones offer a variety of benefits, such as flexible office space and streamlined registration processes, to help SMEs establish and grow their operations in Dubai.

Setting up a business in Dubai is relatively easy and straightforward. The government of Dubai has made it a priority to attract foreign investment and has put in place several initiatives to make the process of a business setup in Dubai as smooth as possible. Some of the key steps to setting up a business in Dubai include the following:

• Choosing a business activity and obtaining the necessary licenses and permits
• Registering the business with the Department of Economic Development (DED)
• Applying for a commercial trade license and obtaining any necessary certifications or approvals
• Find a suitable location for your business and arrange any necessary renovations or construction
• Hiring employees and obtaining the necessary work permits
• Setting up a local bank account and obtaining any necessary financing

In conclusion, Dubai is a business-friendly city that offers a range of opportunities for entrepreneurs and businesses looking to expand their operations. By understanding the facts and resolving misconceptions about Dubai, potential investors can decide whether the city is the right fit for their business.

The post Navigating the Business Setup in Dubai: Common Misconceptions appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

The government effectively recruits top international talent through its programs and laws. Based on the most recent numbers, a whopping 95% of firms in the country are small to medium-sized businesses (SMEs), and women own at least 50% of them. 

Approximately 20% of the employed workforce are women, contributing to nearly 20% of the UAE’s GDP.

Where does the problem lie? 

However, these numbers do not correspond with the rest of the MENA region. Women-led startups receive comparatively less VC funding than male-owned SMEs. Gender bias in business persists. Male-owned startups receive up to 99% of the funding, while women only account for a mere 1%. 

Internationally, and particularly in the MENA region, early-stage female founders face networking opportunities and funding challenges. Despite the numbers increasing from previous years, the funding received is derived from the stage the business is at. In 2020, companies with at least one female founder received 23% seed money, 19% early-stage funding, and 9% late-stage financing. The figures for solo (women) entrepreneurs are expected to be even lower. 

What are the main obstacles to fostering a more robust business ecosystem in the MENA region?

The region possesses distinct qualities in that it has a tight cultural overlap. However, MENA still has to come a long way in terms of trade and investment. Compared to international markets, the region’s funding availability is somewhat limited. To increase the threshold, investors and entrepreneurs must work together more.

Further issues abound in finding the right talent with a strong team of professionals. Additionally, a sound concept and a workable business plan appealing to the right market add to the concerns. 

We discussed the dearth of assistance and funding for women-led businesses. Now, let’s look in the other direction and understand what investors look for before making an investment.  

What key elements are taken into consideration for a potential investment in  female led startups?

• The size of the market that the business concept can reach
• The creativity of the business concept 
• A fresh recruit of talent 
• The business’s durability in the industry
• the team’s and company model’s flexibility in the face of problems
• Enthusiasm and a genuine desire for the business

If the current momentum in the employment of female entrepreneurs persists, it can take up to 135.6 years to eliminate the gender gap globally, according to the Global Gender Gap Report 2021. This urges stakeholders and entrepreneurs to close the gender gap and allow more women to join the workforce. According to a Bloomberg estimate, the inclusion of women in the workforce could increase the global economy by $20 trillion by the year 2050.

If you are a woman, full of ideas, and looking to establish a new business setup in UAE, let us assist you. We can guide you in taking the proper steps to set up your business.

Future of Women in the Workforce

In the MENA region, women could radically change the workforce, mainly because they add considerably to the talent pool in most MENA nations, which is still largely untapped. According to UNESCO, they surpass the number of men in universities and makeup 57 percent of total STEM students.

“It is about diversity and inclusion. It is not women versus men; it is about balance, which consequently contributes to better-informed decision-making,” says Amira Salah, chief marketing officer at Womena, an accelerator, and investor targeting women-founded startups. 

“This is an untapped market with so much potential, yet it is very underserved despite being such a huge contributor to economic growth. The face of innovation and entrepreneurs globally is still male-dominated, while women have to work doubly hard to get that exposure,” she added. 

Research by the Boston Consulting Group states that the world economy could potentially increase from $2.5 trillion to $5 trillion. This is true if both men and women are given the same platform for entrepreneurship. The world would benefit significantly from greater gender diversity in the entrepreneurial sector.

If you are a female entrepreneur seeking a business expansion opportunity or company formation in the UAE, it is advisable to contact expert business setup consultants who know the game inside out and can help you have a smooth business setup.

We believe that women can make better contributions to the work environment and the economy as a whole. Thus, we support them to come forward and showcase their talents. Expert consultants can help you understand the legalities of setting up a new business in the UAE. Let us know how we can help.

The post Investing in Female led Startups Economically Beneficial in MENA appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

The process of business setup in Dubai explained

Before starting an import and export business in Dubai, there are some things to determine first:

• Define your trading activity and ensure compliance of your activity with Dubai law.
• Decide on the company’s shareholding structure (legal form), making sure it matches the planned activity.
• Choose the right business jurisdiction.
• Choose the appropriate trade name and submit it to the Department of Economic Development (DED) for approval.
• Find and rent or lease commercial real estate.
• Apply to DED for initial approval and check if you need external permissions.
• Draft, sign, and notarize the Memorandum of Association (MOA) or the Local Service Agent (LSA) agreement for your business.
• Open a corporate bank account with an international bank.
• Pay the fees upon receiving the payment voucher.
• Collect the trade license.

Defining trading activity

Firstly, you need to define your trading activity. Perhaps you already know what you want to trade and the legal category such a business falls into. But if you don’t, UN Comtrade data may help you decide. If you want to join in the flow of most commonly exported goods in 2021, you will opt for crude petroleum oil and its products, telecommunication parts, gold, jewelry, and precious stones. And according to 2019 WTO data, over 95% of imported goods fall into categories of manufacturing, agricultural products, and mining products.

Remember that every shipment imported to or exported from Dubai goes through the customs clearance process, so make sure the goods you trade aren’t prohibited. The user guide for the process of registering your company online with Dubai Customs will clear any doubts you might have.

Deciding on the legal form of your business and adequate jurisdiction

Selecting the proper shareholding structure is tightly connected with the choice of jurisdiction. In other words, the legal form of your import-export business depends on the jurisdiction and must be in accordance with your planned business operations. In Dubai, there are three business setup zones; mainland, free zone, and offshore, as well as three types of licenses; industrial, professional, and commercial license. It may not be an easy task to compare your business requirements and the pros and cons of every jurisdiction, so don’t hesitate to seek advice from business setup consultants in Dubai on time.

The most common legal form for an import-export business is a Limited Liability Company (LLC). Accordingly, you must obtain a commercial license for your export-import business. However, note that you’d need to find and partner with a trustworthy UAE national to start a business in Dubai mainland. Free zone jurisdiction requires a local service agent who will work for a fee.

Reserving a business name

The name you choose for your business must be unique and comply with UAE trade name criteria. Avoid blasphemous or offensive language and follow a straightforward set of naming rules. As for uniqueness, propose several options for the DED in English and Arabic. Having multiple options is good to ensure at least one of them is not already taken by another business entity in the world and is available to register. The registration process takes a couple of days, and upon approval from the DED, the name is valid for six months. As a cherry on top, consider registering a trademark for your business.

Renting or buying commercial real estate

You need a physical address to start an import and export business in Dubai. It doesn’t matter if you rent or buy. Once you have a tenancy contract, Real Estate Regulation Authority (RERA) documents, and EJARI registration certificate, you can apply to DED for initial approval. Regarding global logistics centers that are essential to your supply chain, think about your options and choose the ones that suit your business operations best. Consider setting up your offices near important logistic centers.

Getting the initial approval

Once you submit all the requested documents, the Department of Economic Development grants the initial approval. It is a sign that you can begin your business operations and resume the process of obtaining your trade license. You will discover whether you need to acquire additional permissions from other departments or governmental bodies during the initial approval process.

Applying for a trade license

Filing a trade license application with the DED involves drafting and notarizing the Memorandum of Association (MoA) or the Local Service Agent (LSA) agreement, depending on the chosen jurisdiction. The MoA and LSA are legal documents that specify roles, liberties, and limitations partners or an agent have. Ask your legal advisor for help preparing these documents.

Paying the business setup fees

Upon submission of all the documents mentioned above, the Department of Economic Development will issue a payment voucher or provide a transaction number, so make sure to open a corporate bank account on time. The fees are only one part of the business setup cost. Apart from the type of business activity, the fees will vary depending on the jurisdiction zone and the number of shareholders.

A payment for collecting the business trade license comes next. Remember that the trade license is subject to annual renewal at a fee. Don’t forget to consider the cost of visas for yourself and all your dependents. Although not mandatory, purchasing business insurance should also be regarded as part of a business setup cost.

Collecting the license

Finally, once you collect the trade license, you’re all set to start an import and export business in Dubai. It is clear the process is extensive and depends upon numerous careful deliberations. Should you get stuck in any part of the process, team up with reputable legal advisors and business setup consultants in Dubai. In the trade business, like in any other business, there’s zero tolerance for wasting time and money.

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The UAE is one of the most fun places to start your photography business. Like all other businesses, there are numerous opportunities for photographers in Dubai. Whether you want to establish a photography business in Dubai as a freelancer or organization, abundant opportunities will be the driving forces. This can be the key to getting more profit.

If you want to start a new business in Dubai, the process is very easy and quick. While photography is a pretty competitive business in Dubai, there are several opportunities across the mainland and free zones. The Dubai Media City is a great place to start your photography business in Dubai.

3 Things to consider while starting a photography business in Dubai

If you want to start your own photography company in Dubai, there are certain important points to consider which include:

Know your area of specialization

It is crucial that you know what your area of specialization is. Photography is a very diverse field that has branches like commercial photography, wedding photography, and much more. When you want to start a business about the same in Dubai, you need to know what area you excel in. Therefore, you need to choose any one of them and proceed with it accordingly.

Have the equipment

Equipment is of utmost importance when you are starting a business in the UAE. Since photography is all about the proper use of equipment, it is necessary to identify which one you would need the most.

Having the right equipment plays an important role in helping you drive business. As per reports, the customers are likely to trust and hire professionals who have a professional set of equipment. The right set of equipment will also help to improve your skills.

Brand promotion

No business can survive if there is no promotion. If you want to reach out to your audience, they must know you. The best way to do brand promotion is to create a portfolio. If you start an online business, you can upload the portfolio on your website. It is important that you create a portfolio that showcases your talent and skills.

Where should you start your photography business?

Once you decide to start a photography business, it is important that you choose the right place. Dubai has various opportunities. Nonetheless, there are other places as well offering a range of opportunities. As a freelance photographer, you can set up a business in Dubai Media City or Dubai Studio City. These places are great if you have a limited budget. You can apply for the photography business license from the respective free zone authority.

However, if you want to set up a company, you need to apply for a photography business license. You can apply for a photography license in Dubai at the Department of Economic Development. You need to have a physical site to start your business.

The Dubai Media City has certain rules that you must follow if you want to start a business here. If you want to start a photography business as a freelancer, you need to submit these documents:

• Business plan
• References
• Copy of your passport
• Bank Reference Letter
• Sample of Work
• Reference Letter from the previous employer

How Much Does It Cost?

The price will vary depending on the type and space of the business setup. Once you submit the documents and pay the necessary fee, you will get the free zone license, desk space, and security. If you are new, you need the help of professionals. A company formation expert in Dubai can help you.

Company Registration

The business formation expert knows the entire process of setting up the business. Since the rules in Dubai are pretty strict, you need someone who can guide you. A business consultant can support you in the entire process. They can work on all the activities and help you understand what the next step is. This will make business registration easy.

You should choose a business name for smooth functioning. When you start your business in Dubai, you need to make the right choice. Your business name should be according to the laws of Dubai. You need to choose a name that is not offensive to anyone. The laws for naming businesses in Dubai are pretty strict. Since the naming conventions are easy, you need to follow the rules. You should not name your business after yourself. Moreover, you should not name your business anything offensive.

Apply for a videography or photography license in Dubai

You need to define what your business activities are. However, you do not have to worry about applying for the different licenses as per your business. All you need to apply for is a professional service license. Within this type of license, you can conduct various activities- videography or photography.

If you need a photography business license you can either apply at the DED or the free zones. However, in this case, you will need to provide the below documents:

• Complete application form
• Passport copy of the owner(s)
• Two passport copies of colored photos

The process of setting up a photography business is easy in free zones. Moreover, it is pretty affordable as well. The process is very fast too. When you start your business in the free zone, you can get the benefit of exemption from income and customs tax. Furthermore, there is no currency restriction or foreign exchange control for businesses set up in the UAE free zones.

In the free zones, the business owners also get the benefit of fully-equipped business units. Some of the other popular facilities offered in this region include:

• Fast-internet access via LAN and WiFi
• Meeting room
• Telephone and fax services
• Printing and copying
• Maintenance and Cleaning
• Receptionist

When you apply for business setup in the free zone, the documents will be ready in a few days. After that, you can also apply for your and employees’ visas. If you have your family or any domestic staff, as the owner, you have the flexibility to sponsor their visas as well.

Opening a Bank Account

You also need to have a corporate bank account. This will help to make trade easier. The business setup professionals at Businesslink can therefore help you with the process. They will help you choose a reliable bank for opening an account.

Future of Photography in Dubai

This is an excellent time to start your photography business in Dubai. In recent times, there have been several developments. Growth opportunities have led to AR interaction and 3D object capture. This is also paving the way for in-depth photography. Dubai has always been at the forefront of technological change. Therefore, this can be an ideal place to start a business. If you have new ideas, you can bring change and pave the way for better business.

The post A Complete Guide to Start a Photography Business in Dubai appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

Dubai is like a fertile ground where foreign investors sow their seeds of business. In the first half of 2019, around 696 Chinese entrepreneurs received around 362 trade licenses from the Department of Economic Development. Furthermore, Dubai has an important role to play in the Belt and Road Initiative of China.

Why do Chinese Business People Prefer Investment in Dubai?

Recently, Chinese investors have shown interest in investing in a business in the UAE. Therefore, some of the major reasons for investment are

1.    UAE helps in Silk Road Project

In 2018, China and UAE signed a Memorandum of Understanding (MoU). The MoU aimed at cooperating for the Silk Road Initiative and 21st Century Maritime Silk Road. Thus, it focuses on boosting trade and investment.

China has a very strong hold on Al-Maktoum airport. This helped them transport the goods easily across different regions in the digital sphere. Furthermore, according to reports, 30% of Chinese export to Arab pass from the UAE. Furthermore, 22% of Arab-Chinese trade passes through the UAE.

UAE is one of the best locations for setting up a business. Most Chinese investors consider business investment in Dubai for higher profits as it is the capital too.

2.    Real Estate in the UAE

The Dubai real estate sector is constantly growing. Foreigners are highly interested in investing in property in Dubai. The real estate market in China is very expensive. Furthermore, real estate in the UAE is luxurious yet affordable.

The real estate governing policies in UAE is very flexible. As the owner, you get complete ownership and even have to pay less rent. Therefore, the Chinese investors consider investing in the Dubai real estate market because of the benefits.

The Dubai Land Department is also introducing new measures to ensure Chinese nationals can easily invest in real estate. Thus, the Chinese can open their respective representative office in China. This tactic is bringing in more investment in Dubai by the Chinese nationals.

3.    Collaboration to promote Belt and Road Initiative

China has announced the One Belt One Road Initiative in 2013. Thus, under this project, more than 138 countries across three different continents will be linked. The implementation of the project can also bring about a profit of up to $29 trillion. Thus, the UAE’s collaboration with China to promote the Belt and Road Initiative can bring significant benefits.

At the Belt and Road Conference (April 2019) Chinese companies and the UAE signed two major deals. Therefore, the Belt and Road Initiative is to boost infrastructural development and economic integration across Europe, Africa, and Asia. Furthermore, the UAE is a major part of the initiative.

UAE has an inward investment of around 3.4 billion US dollars for the Belt and Road forum. Various commercial agreements and joint ventures will help UAE and Chinese transport and infrastructural growth. Therefore all the measures will be taken as per the Belt and Road Initiative.

4.    Diplomatic Trade Relationship between the UAE and China

China is one of the leading trade partners of the UAE for non-oil commodities. UAE offers a gateway to China to reach the key markets. From 2013 to 2017, the UAE and China’s exports have grown rapidly by 22%. Furthermore, the non-oil exports of the UAE also grew by 33% at the same time. Some of the key non-oil products that were exported included chemicals, aluminum, mineral ores, iron, and more.

As per reports, 60% of the trade between China and the UAE is being re-exported to Africa and Europe. It is expected that by 2030, the trade of goods between the two countries will grow around 9-10% each year. Therefore diplomatic trade relations between China and the UAE are pretty strong. They are likely to grow more in the coming times.

Business setup in Dubai as a Chinese entrepreneurs

Chinese entrepreneurs looking forward to establishing their business in the UAE can get a wide range of advantages. Thus, Dubai has various opportunities for Chinese investors.

• As a Chinese investor, you can focus on the Chinese expat market. You can help them get the products and services they got back in China. This is a highly innovative market that will bring in a wide range of opportunities for the population in the UAE.
• You can establish your business in the mainland area. The UAE government has certain rules and regulations. Thus, all the investors must follow them closely.
• UAE is a great regional trading hub. You can import the products and easily distribute them in GCC or other regions.

Dragon Mart can be an effective place to start your business in the UAE. However, there are some modifications in the UAE law for Chinese investors. Following these regulations will ensure that the Chinese business people can legally own 100% of the business. Furthermore, they will also get the flexibility of establishing their business anywhere in the UAE.

JAFZA and DMCC regions have websites in Mandarin. Therefore, Chinese business people can refer to these websites for better information regarding the services. Various free zones have their Chinese representatives. These Chinese representatives can be the point of contact for interested Chinese investors.

Visa Benefits for the Chinese investors

Chinese entrepreneurs can get various visa benefits. Chinese business people can get the advance a 30-day visit visa on arrival which will be free of charge. Furthermore, it will also be renewable for a small period. Over 1.1 million Chinese tourists had the benefit of mutual visa exemption. Therefore, the UAE is likely to observe the coming in of more Chinese businessmen in the coming times.

If you are a Chinese national and want to set up your business in the UAE, we can help you with the process of investment in Dubai. The UAE is one of the best places to start your business because of all the benefits such as the tax-free environment and sunny climate. Chinese investors can benefit from the diplomatic relationship between UAE and China. Thus, if you want to set up your business here, we can assist you. Contact us today!

The post Why do Chinese Entrepreneurs Prefer to Start a Business in Dubai? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

1. Choose your business activity

This is one of the first and most important steps to take; selecting and finalizing a business activity makes or breaks your business venture. It’s important to look into what the activity pertains to, the market for that business, and its profitability. It’s also crucial since certain business activities have restrictions imposed on them and how they’re carried out.

Prior research into business activities helps in informing you which authorities you need to seek approval from.  Every type of business activity in the UAE has an official body governing it; and before setting up and officiating your company, you are required, by law, to get permission from them. For example, if you’re looking to set up a restaurant, you need to get approval from the Dubai Municipality; for car/bus rental businesses, approval from the Roads and Transport Authority is necessary; any activity involving the sale of gold and jewelry business requires the approval of Security Industry Regulatory Agency.

2. Naming your business

The name of your business defines you, it’s what people use to identify your brand. However, there are certain limitations when it comes to naming your business. UAE holds respect to the highest standards so its important business names in the UAE are not of defamatory nature.

New businesses should pick names without religious references, or offensive words, and make no reference to a country. You should stay clear of names indicating your political affiliation, or abbreviated names.

It’s also important you present a list of names when registering for one as the authority in charge will be conducting research to see what names are available.

3. Choosing your location

Finding a location for your business can be difficult due to rising rents or localities that don’t suit your business activity. Having an office address is a requirement for any business registration; and since every entrepreneur doesn’t require a physical space, UAE has rolled out different initiatives to assist with the same.  There are several alternative ways to find an office address without having to empty your pockets completely, these are:

• Flexi/smart desks: These are perfect for entrepreneurs that require small office places for themselves to work from. The idea is to have a desk and chair in whichever business center you’ve registered with. It’s a cost-effective way to put down an office address while also having a space to run your business from.
• Virtual offices: Virtual office setup in UAE is an incredibly popular initiative that plenty of business owners use to their advantage in the country. As there are various businesses that don’t require the presence of a physical office, the concept of a virtual office allows them to use the location as a virtual address when registering their business.

4. Memorandum of Association Agreement

Much like all other documentation, your Memorandum of Association Agreement is an important document that holds great power in terms of company dynamics. This document specifies a vast range of specifics, according to which your company should function.

The MOA states the limitation of shares and the company’s scope of powers. It also provides clarity on the boundaries that cannot be crossed by any member, and provisions according to which the company must function and carry out operations. In the case where these provisions have been defied, it’s considered to be a breach of agreement – and the MOA states what penalty for the same must be.

5. Final Trade License

You can apply for a trade license after completing the steps above. Whether you want to obtain a commercial trade license, industrial, professional, or tourism – this can only go forward when you have the rest sorted. Failure to submit the completed documents leads to unnecessary delays and in some cases a rejection of your trade license application.

Once you’ve obtained a trade license, you can then begin with your business activities, apply for an investor visa, apply for your family’s residence visas, and begin hiring employees, and applying for their visas.

The post 5 Things You Need To Know Before Setting Up a Business in UAE appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

UAE is a flourishing region; it can bring a wide range of opportunities for your growth. Over the years, various companies have shut down because of poor location choices. Therefore, once you plan for a business setup in Dubai, you need to know which place to choose.

How to Choose the Best Location in UAE

UAE is one of those regions that has numerous places for starting your business. While most of them are tax-free zones, it is necessary to understand which one would cater to your needs.

Your business location can have a huge role to play in driving growth for your business. However, starting a business is not an easy task especially when it comes to choosing the location.

Some of the common factors to consider while choosing the best business location in the UAE are:

Regional Demographics

You should never start a business in any corner of the world until and unless you’re familiar with the regional demographics. Therefore, you must first identify the regional demographics and proceed with your decision.

When you plan to do the business setup in UAE, you will have some options in mind. Therefore, in such a situation make sure that you’re studying the demographics of each region. You must identify the chances of opportunities for business growth in this region.

Some of the important demographics to consider include age, gender, income level of the people, ethnicity, and education. Studying these demographics will help you understand whether you can establish a strong customer base in this region or not. If not, you should consider moving to some other destination.

Business Setup Process

No matter where you want to establish your business you must get the ease of starting the business. This will help you understand the time and amount you may need to spend for business setup.

UAE is a diverse region where there are lots of business locations with various businesses. However, it is necessary to note that not all these locations would be the convenient choice for business setup in the UAE.

Therefore, it is advisable that you do some research and choose a location where it is easy and seamless to start a business in the UAE.

Budget

Starting a new business can be very expensive. Therefore, it is advisable to consider and plan the budget accordingly. When choosing the best business location in the UAE, you will need to consider all the budget factors.

Some of the important cost factors to take into consideration include rental cost, setup cost, and minimum capital required to set up business in that region. Based on your budget, you can consider establishing your business in the free zone or mainland.

Furthermore, the taxes and income will also vary from place to place and it is advisable that you take these factors into consideration as well. Therefore, know where you’re establishing your business and what type – these are basic details that will play an important role in helping you make the right choice.

Apart from these, you must also consider the other location-based expenses such as vehicle permits, grants, and more.

Level of Competition

The best business location is where the competition is less. It is advisable to choose a location that not only allows the seamless growth of your business but also makes you prone to less competition.

You should set up your business in a location where there are enough people to purchase your products or goods. That is if you want the maximum market shares a strategic business location can help to drive maximum business.

If you set up a business where you have a lot of competition, it can hamper your business. Furthermore, you may not be able to drive profit. It will also prevent you from creating a large audience.

Accessibility, Logistics, and Infrastructure

The infrastructure of the place is an extremely important factor to consider. The best business location is one that can be easily accessible from almost all the locations. This ensures that the customers and employees can travel to your business location conveniently.

If your business is involved in export and import, you should choose a business location that is close to the airport, seaport, or major highways. As a business, you must also check what business warehousing facilities are available nearby.

When you set up a business in the UAE, the lower warehousing cost can bring significant benefits. This helps to ensure that your business is able to ship, track and trace all the products for logistical services.

In a modern-day business, infrastructure is of utmost importance. Therefore, it is advisable to choose a business location that can cater to the needs. As a business, you must choose a location that has all the modern-day amenities. The presence of technologically advanced architecture can allow the seamless growth of business in no time.

Growth Opportunities

No matter where you set up your business, you should always check the business opportunities that are available. As a business, you should choose a vibrant location with numerous growth opportunities.

If you plan to expand your business in the future, the location that you choose can make all the difference. Therefore, analyze what the growth opportunities are in the region. Based on that, you can decide whether you want to establish your business there or not.

The best business location can have a huge role in the growth of your business. If you’re just starting out, the location will help you boom in the long run. Therefore establishing the business in the right location can bring in a wide range of opportunities. If you are confused, business setup consultants such as J M J Facilities Management Services EST can help you in the process. Consult for more information.

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