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

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Business consulting in Dubai

Consulting firms in Dubai offer a range of services, such as company formation, market research, and management support. It’s important to find a well-qualified firm that possesses the necessary expertise, staff resources, facilities, and proper accreditation. Budget firms might lack depth in industry knowledge and competitive insights, which might not serve your needs as well. On the other hand, more expensive firms often deliver a comprehensive suite of services and utilize advanced processes and technology to meet client needs effectively and handle queries promptly. Selecting a well-regarded business setup consultant ensures a smooth business setup process.

What Factors Should You Consider When Hiring Business Setup Consultants?

The industry of business consulting in Dubai is facing tough competition from its peers. As a result, business consultant have to carry out an exhaustive analysis to differentiate themselves from their competitors.

Dubai Business Setup consultants offer numerous services, such as company formation, local sponsorship, banking assistance, advertising, and PR services. Similarly, the management consultancy license in Dubai allows consultants to offer administrative consultancy to improve an organization’s performance. You can also restructure an organization, devise a tactical plan for your client, and do more.

Making the right choice in business consulting can greatly influence your project’s success. Here are some factors to consider:

• Define Your Needs: Be clear about the challenges or areas of improving. A clear goal helps you find a consultant with the appropriate expertise.

• Consultant’s Expertise: Look for a solid track record. Reviews, case studies, and references can offer insight into their capability.

•  Project Scope and Cost: Understand the services and costs involved. Ensure it fits your budget and timeline.

•  Licensing and Legal Framework: Choose a consultant who is well-versed in the region’s legal system to help navigate regulations and guidelines.

•  Firm Size and Structure: Look into the size and setup of the consultancy. Confirm the credentials and qualifications of their team to ensure they have the right knowledge and experience.

The 5 Key Qualities of a Top Business Setup Consultants in Dubai

1. Problem-Solving

At J M J Facilities Management Services EST, client satisfaction is paramount. Our consultants are adept at untangling complex issues to discover just the right solution for any company, whether it’s based on the mainland or in a free zone

2. Communication

Our team ensures your requirements are clearly understood and provides optimal solutions through effective communication, ensuring you know all the necessary steps, documents, timelines, costs, and start dates

3. Friendly Approach

We’re known for our approachable demeanor. Our qualified consultants will walk you through every step with a friendly attitude.

4. Service Expertise

We’re experts in what we do. From rules and regulations to specific requirements, our team is on top of it all.

5. Time Management

We value your time, and planning meticulously to provide prompt and efficient service.

The Best Company Formation Consultant in Dubai

Selecting the right business formation consultant in Dubai is crucial. It’s wise to choose a consultant with a competent team and a proven track record to give your business a competitive edge. Picking the best consultant is a vital decision that can influence your company significantly. J M J Facilities Management Services EST offers comprehensive support – from documentation and visa processing to hiring and office location, alongside navigating various government regulations for starting a business in Dubai.

At J M J Facilities Management Services EST, our experienced team includes company formation experts, legal advisors, and tax specialists, all ready to provide unwavering support on your entrepreneurial journey in the UAE. We ensure a seamless and cost-effective company establishment, guaranteeing a strong foundation for your success in the Emirates.

Business Setup Consultants From J M J Facilities Management Services EST

Are you ready to launch your business in Dubai? J M J Facilities Management Services EST is here to help you bring your dreams to fruition. We stand out for our transparency, providing all information about business setup costs and legal requirements upfront. With over 15 years of experience, we have aided over 10,000 entrepreneurs in establishing their businesses in the UAE, UK, and KSA. We recognize the uniqueness of each business and offer custom solutions to fit our client’s specific needs and objectives.

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The sectors which have been delivering these results are travel and tourism. Since the COVID-19 pandemic, the economy has been unwinding massively and we can surely see the results of the surge.

Dubai Business Expansion Index

According to Dubai’s seasonally adjusted HIS market purchasing manager’s index has significantly increased to 53.3 in August from 53.2 in July. The index has registered a higher reading only once in the past 21 months, in April 2021. This was lower due to the business expansion problems earlier.

Increase in Employment With the Surge

The overall surge has led to an increase in the employment rate in companies in Dubai. Leading to the business expansion, the UAE has started its hiring processes due to an increase in demands.

“The economy is solidifying its recovery from the pandemic. This can be seen as a relaxation of the travel measures drove tourism numbers higher and boosted consumer demand,” says David Owen, Economists, IHS market.

The Impact of Expo 2020 on the Business Expansion

Expo 2020 has quickly improved the recovery of the UAE’s tourism, aviation, and hospitality sectors from the pandemic. This is because of the country’s effective management of COVID-19 and due to easing travel restrictions globally.

Tourism, hotel occupancy rates, and footfall at shopping malls improved because of the influx of tourists drawn to the Expo 2020, as reported by analysts.

With this, the pace of Dubai’s recovery has picked up on the back of wide-scale testing and vaccinations.

The key sectors having shown significant recovery in Dubai are tourism and property. They have gained an incredible recovery rate on the back of Dh 7.1 billion. The amount was pumped into the economy since the onset of COVID-19.

Another incredible insight is that 2022 calls for a spike of 4 percent in the increase of Dubai’s economy.

The Bright Future of Dubai

The output index of Dubai has jumped to its highest reading since September 2019, to signal an expansion in non-oil sectors. Companies have linked this to improving the new business volumes. However, the overall pace of the new order has grown slightly since the start of the third quarter, as shown by the HIS market data.

Also, as per the Abu Dhabi commercial bank, ease in travel restrictions to and from the UAE will boost the recovery of the country’s aviation and hospitality sectors this year.

With this, hotels in Dubai have also recorded a surge in occupancy rates in June. Eid staycations, a pick-up in regional travel, and hoteliers cutting prices to attract guests over were the motivating factors. Research by Emirates NBD and figures by the hospitality data and analytics specialists STR reported the same.

The output growth among Dubai’s construction companies has also been increasing exponentially to a 13-month high, as reported by the HIS market. The reason for this is that Dubai registered 5,780 property sales transactions worth Dh14.97 billion. This was driven by the demand in the secondary market making the best August in total sales since 2009, according to listings of the property finder.

The whole pattern of discovering new sectors attracts lots of tourism and investors in Dubai. In the span of the last two years, Dubai has improved its market massively. The city improved its export system proportionally to its revenue generation.

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The Virtual Asset Regulatory Authority of Dubai will be set up at the Dubai World Trade Center Authority. This new body will be in check for all the regulatory decisions. Therefore, they will manage digital currency regulations.

Sheikh Mohammad bin Rashid Al Maktoum, Ruler of Dubai is the Prime Minister and Vice President of UAE. He has passed the law. Hence, he said that passing this law was necessary to protect the rights of the investors. “Dubai will provide the most advanced virtual asset ecosystem in terms of organization, governance, and security,” he said

Tweeting about the new law, he wrote, “Today we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE’s position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors.”

Dubai Virtual Asset Regulation Law

The virtual asset regulation law will be applicable for special development zones and free zones. However, DIFC will however not have the benefit of this law. The Emirates had adopted this law to determine sustainable growth. Thus, they want to keep up with the best industrial standards.

The introduction of this law will be efficient for the business. Furthermore, VARA will be responsible for the regulation and licensing. Therefore, they will license the sectors for free zone territories and mainlands.

What will VARA do?

The main responsibilities of VARA include:

• Limiting the changes in the price of digital assets.
• Managing virtual transactions.
• Regulation of issuing NFTs and digital assets.
• Safeguarding personal data.
• Overseeing the activities across various digital platforms. Therefore, this is mostly regarding digital wallets and currency.
• Providing licenses and regulations to the ones who offer digital assets.

VARA will have to manage a wide range of activities. These usually include:

• Managing the function of digital asset platforms.
• Providing services in regards to trading virtual tokens.
• Offering transfer services of virtual assets.
• Offer services that establish a connection with the virtual asset profile.
• Managing the function across various digital asset platforms.
• Taking care of custody and asset management services.

Any acts that cause violation can lead to the cancellation of the license. Therefore, the violator will have to pay a cancellation fee. Thus, the Board of Directors of Dubai World Trade Center will decide about canceling the license.

Dubai VARA can also collaborate with the relevant license authority. They can provide or cancel the permit or license. Therefore, they may also suspend the permit for up to six months if the company does not follow the regulations.

Crypto Law of Dubai

The virtual asset law of Dubai is changing. Thus, the Dubai Financial Services Authority released the 56-page long law on March 9. The law focuses on digital currency and tokens.

As per the law, no individual in Dubai can use digital tokens without VARA approving them. Therefore, VARA is the only body to check and regulate digital assets. Therefore, if you want to use it, you must consult VARA.

There will be a ban on privacy tokens and algorithmic tokens. Revisions are being made to the law. Therefore, after complete revision, the public can access it.

Can you trade in virtual assets without VARA’s permission in Dubai?

It is important to take permission from VARA before using virtual assets. If you do any activity without permission, you may need to pay a penalty. Therefore, it is important that you establish a presence to do digital asset trade in Dubai.

What penalties do violators pay?

If you do not follow the law, you will need to pay the penalty. The Board of Directors will decide the penalty. Therefore, you may need to pay a fine. However, apart from that, the body may also cancel your permit. These bodies can coordinate with any commercial licensing body. Therefore, they may also cancel your commercial license.

Where can we buy and sell virtual asset?

It is important to check what VARA authorizes. However, you can buy and sell digital assets on different digital platforms. Therefore, some  of the popular platforms to use:

• Matrix
• DEX Crypto Exchange
• Matrix
• Coinbase

If you want to know more about crypto law in the UAE, get in touch with professionals at BusinessLinkUAE. Therefore, we can guide you through the entire process.

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To assist with the same, the Ministry of Education has launched a service that allows you to submit your degrees to have certificates of equivalency issued. This service, among many others such as the degree attestation in UAE, has been initiated by the Ministry of Education to encourage more people to complete all legal formalities associated with educational certificates in an easy and hassle-free way.

About the MOE Service

The UAE MoE equivalency certificate states and confirms that the degree meets the criteria and guidelines set by the Ministry of Education and that they’re in line with international academic standards.

How does it work?

The Ministry of Education has made the process incredibly straightforward and easy to comprehend.

1. First, visit the MoE UAE equivalency service website and click ‘start the service’.
2. Then, register/log in or use UAE Pass.
3. Next, fill in the required information and upload all necessary documents.
4. Pay the service fees for your degree/diploma.
5. Lastly, once your application is viewed, the MoE will email you their decision.

Things to keep in mind

• If the Ministry requires you to send any documents, you will be notified. However, failure to submit your documents will result in the closure of your application
• Undergraduate degree certificates are for AED100.
• Postgraduate degrees for AED150.
• And, doctorate degrees for AED200.
• Your certificate will take 10-30 days, depending on your university ranking.

Condition

The MoE aims to simplify these services so that more people seek equivalency certificates. To carry out these services quickly, it’s important for the MoE to set rules that ensure applications are screened the same.

Your diploma/degree needs to meet the conditions below. Otherwise, the MoE will not issue your certificates.

• Diploma: Should have spent one year of study or equal in any field.
• Associate degree: Should have spent two years of study or equal in any field.
• Higher Diploma: Should have spent three years of study or equal in any field.
• Bachelor’s degree: Should have spent three years of study in an institution applying the annual system; or alternatively,
• 120 accredited hours as per the semester
• 180 accredited hours as per the quarter system
• At least 240 credits as per the ECTS

To view the remaining conditions, view the service website.

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If you want to setup a new business or invest in real estate Dubai, ensure to keep up with the decisions and rules. Also, known as the city of gold, since 2020, it has witnessed a 73.7% of growth in investments and 65.6% of growth in the number of investors in the real estate sector. The flexible market of Dubai has been attracting investors globally.

Why should you invest in Dubai real estate?

In today’s time, Dubai is one of the most prominent Emirates. Apart from the locals, the expats settling in Dubai make it an interesting place for investment. The constantly growing Dubai real estate market is fetching business and revenue.

Some of the areas for real estate investment in Dubai include Dubai Marina, Jumeirah, and Downtown Dubai. Space in these areas is available at affordable rates and can help you get profitable paybacks. Professionals at Dubai make an investment in Dubai real estate easier with their market analysis

Some of the common reasons to invest in real estate Dubai are:

1.   Dubai is a fast-growing economy

Dubai is one of the most prominently growing economies around the world. It has a business-friendly environment that helps to maintain stability.

Considering the rise in the economy of Dubai, it can be an ideal destination for investment. Therefore, investing in real estate properties can help to generate a better return on investments.

2.   Population growth

Dubai is a major cosmopolitan city. People from all over the world come and settle in this place for business and career opportunities. The population of Dubai is constantly growing along with real estate investment opportunities.

The current population of Dubai stands at around 3.5 million. It is expected in the coming 20 years Dubai’s population will double up with the Urban Master Plan 2040. Despite the outbreak, the population has decreased by 8.4% and will bounce back.

Nonetheless, the population is growing massively because of the expat settlement. With investors flocking to the city, it is quite profitable to invest here.

3.   Apartments to villas

If you are willing to invest in real estate, you must consider investing in villas and apartments. The villas and apartments are in high demand in the Dubai market.

Dubai is an ideal place for investors having different budgets. Apart from luxurious properties, there are pretty much affordable apartments as well in Dubai.

4.   Development and Innovation

Dubai is also called the City of Innovation. Well, there is a reason for it. Dubai has noticed tremendous growth in the past few years. All of this has been possible because of its state-of-the-art facility.

Dubai is the hub for business growth. It is helping to foster an innovative ecosystem. The Icealice in Dubai is one of the prime examples of its technological environment. Humanoid robots serve ice cream to customers at Icealice.

The Festival City Mall in Dubai is also popular for its robotics, fintech, and AI. It is offering constant support for innovation in Dubai. Dubai has a very sustainable vision of the future that also brings economic stability. Therefore, the innovation in Dubai is helping to make a hassle-free environment. If you invest in real estate Dubai, you can find a wide range of opportunities in this region.

5.   Safety and Security

Dubai is a very safe place to live in. It is attracting investors and expats from all over the world. Dubai is also hailed to be one of the safest cities to live in. They had managed the Covid-19 outbreak very gracefully as well.

The low crime rate and the strong legal system make Dubai a safe place to live in. Considering the strong security measures, Dubai may be an efficient place to invest in. It is helping to garner the interest of the investors. In all the MENA region, Dubai has become a regulated and transparent property. Therefore, investors can be assured that their investments in this region are pretty secure.

Compared to the major 25 global cities, the real estate sector in Dubai is at the lowest risk of a price bubble. According to the UBS Global Real Estate Bubble Index Dubai real estate is an undervalued market.

6.   Higher return on investment

If you want to open a real estate company in Dubai, you can expect a higher return on investment. Compared to London and New York, the ROI on real estate investment in Dubai is higher.

Since there are no property taxes, you can get a better return on investment. As an investor, you can expect returns up to 6% in major neighborhoods of Dubai.

Currently, the prices of Dubai properties are pretty high. Therefore, the investors can enjoy a significant amount of gain. Therefore, investing and reinvesting can be a good scheme to make significant profits in the real estate market of Dubai.

7.   Investor-friendly policies

One of the best benefits to invest in real estate Dubai is that you can get investor-friendly policies. You will receive a resident visa depending on your property investment in Dubai. As a foreign investor, you need to hold the minimum investment requirement.

As a non-UAE citizen, you may not be allowed to own the property completely in Dubai. You need to have a local partner who can help you. Moreover, you also need consultants who can help you in the process. J M J Facilities Management Services EST can provide you with proper consultation on how to invest. Therefore, considering the huge surge in construction, investors from all over the place are being attracted to Dubai.

The metropolis of Dubai has seen massive changes over the years. The investment opportunities and friendly policies are attracting investors from all over the world. Dubai is growing rapidly because of its innovative planning, sustainable living, and world-class infrastructure. If you want to invest in real estate Dubai, BusinessLink can help you with the best. The property market is mature and stabilized in Dubai. Therefore, this is the perfect time to make investments for growth.

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Entrepreneurs and investors from around the world visit Dubai to establish their businesses. Dubai promises a stable atmosphere to establish and flourish businesses of all sizes.

Investment Opportunities in Dubai

If you are planning to settle in Dubai, you need to look forward to opportunities for profitable sustenance. A better return on investment can be incurred in UAE.

If you are new, you can reach out to a business consultant like J M J Facilities Management Services EST. The consultants help their customers identify the various investment options. However, it is necessary to choose the right place. The consultants can help investors decide how to grow and develop the business.

Below are some common opportunities for investment in Dubai:

1. Stock Market

If you are considering a small investment in Dubai, you can start with the stock market. Stock means buying a certain amount of equity for various companies.

Get a proper understanding of the stock market before starting with investment. The stock market requires intensive study of the market including stock history and company performance.

The stock market is pretty volatile. Therefore, it may not be effective for the ones who are at risk. It is crucial to identify the different opportunities for investing in stock markets.

2. Electronic Business

Starting an electronic business can be a great investment opportunity. Technology has become an integral part of our lives. Today, it is hard to stay without computers, tablets, and phones.  If you are interested in the technology sector and business, you can start your own electronic business in this region and explore the potential. However, you must handle the business matters very critically.

It is necessary to understand the trends in the electronic business. Therefore, you may reach out to business consultants who can help you learn how to invest.

Note – You must have a representative at your electronic business store to answer the queries and concerns of the customers, and also address their complaints.

3. Financial Services

Starting a financial service business in Dubai can be extremely beneficial. Entrepreneurs and investors from all over the world are settling in Dubai. The business is growing on a large scale. Therefore, there is a huge demand for professionals who offer financial services in Dubai.

Some of the common financial services required at a large scale include auditors, bookkeepers, and accountants. If you have better knowledge of financial services, you can make huge profits.

Starting a financial company can prove to be extremely effective. It is one of the most important small investment opportunities. You can make a lot of profit by starting financial service businesses.

4. Mutual Funds

Mutual funds can be a great long-term investment. Furthermore, if you don’t have that kind of financial strength to invest in stocks, mutual funds can be great. When you invest in mutual funds, you will have a fund manager who can assist you in the process.

The fund manager will help you invest in bonds, stocks, and securities. The fund manager will charge a certain amount from the investor and then divide the money accordingly. Moreover, they can also help you understand the company shares.

One of the benefits of mutual funds is that they will help to lower exposure risk. If you want an efficient option for a small investment in Dubai, you can definitely consider mutual funds.

5. Security

The law and security concerns in Dubai are very strong. The security in Dubai is significantly tight. No business or individual will like to put their assets or security at risk. Therefore, starting a security company in Dubai can be significantly beneficial. This is mostly because there is a huge demand for security.

As an investment, you should start private security services. You can make a lot of money by investing in this sector. Apart from starting a security-providing company, you can also provide other services. You can start a service wherein you sell security devices. Therefore, some of the prominent security devices to offer include surveillance cameras and alarm systems.

6. Tourism

Dubai without tourism is like Joey without food. Tourism and Dubai go hand-in-hand. People across the globe not only consider Dubai an efficient business destination but also the vacation one.

Dubai is also the home to various five-star hotels in the city. Furthermore, Dubai hosts thousands of tourists each year. This can bring a wide range of business investment opportunities in Dubai.

You can start various services that will cater to the needs of tourists. You can either start a tourism company or anything related to tourism. This can bring a wide range of profit.

7. Gold

Dubai is not only a business hub but also a hub for gold. Gold can be a great investment opportunity. Furthermore, gold has a high resale value as well. You can sell gold anytime anywhere and can drive significant value. Therefore, you can stay profitable in the long run.

Gold is a pretty safe investment opportunity, especially in the long term. However, you must know that the gold market can be prone to a lot of fluctuations. You must know the market of gold and then invest accordingly.

8. Advertising Business

An advertising business can be a great investment opportunity. You can start various advertising businesses like print, videos, and more. There is no need to stick to any specific genre. However, you can start off with a digital advertising business.

In the initial stages, you need to choose one sector and then continue to expand it. This can play an important role in getting a better return on investment.

With a wide range of investment opportunities in Dubai, you can start your business here. However, before starting your business, you need to do proper research. It is crucial to have a strong business setup.

You can reach out to a reliable business setup consultant in Dubai like J M J Facilities Management Services EST who can help you establish the business and grow. They will guide you through the process and help you with all the documentation profits. With higher revenue, you can easily cater to the business needs. This will play an important role in generating a better return on investment.

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The UAE keeps on solidifying its place as a worldwide tech center, addressing the larger part, 35%, of the GCC market expected to be worth USD 85bn by 2024. Furthermore, there are a lot of other obvious motivations to begin your digital protection business here. The worldwide actual security market is assessed to be worth USD 292bn by 2025 – with a yearly development pace of 9.4%.

The key to starting a cyber security business in Dubai

Prior to starting any business setup in Dubai, UAE, you ought to explore the nation’s free zones. As a rule, and more likely than not while beginning a cyber security company, setting up in Dubai free zone is the most reasonable and direct choice.

As well as offering widespread advantages, for example, 100 percent customs charge exceptions and capital and benefit bringing home, free zones permit business people to keep up with responsibility for business across a scope of exercises. Many likewise offer office and cooperating space, gathering cover and admittance to meeting and gathering rooms, as well as the utilization of phones, broadband, and other offices.

Each free zone additionally offers a scope of explicit advantages, with some customs fitted to specific enterprises. As the proprietor of digital protection business, you ought to hope to find a free zone that takes special care of the tech area.

Benefits of starting a cyber security business in Dubai

There are a few benefits to laying out your cyber security business here in Dubai.

Setting up your organization can be a speedy and simple cycle. In under two hours, you can enlist your business with the Department of Economic Development (DED), with the arrangement requiring four to five days by and large, excepting any extra government confirmations.

Additionally, unfamiliar entrepreneurs might claim 100 percent of the organization by benefiting themselves from an assortment of corporate designs. Furthermore, the UAE excludes organizations from paying any enterprise or annual expenses.

Digital threats develop more refined and predominant with the internet growing to incorporate regular day-to-day existence, social connections, and financial communications. In a quarter of 2019, the UAE alone saw 1.1 million phishing assaults and 23 million malware interruption endeavors.

Moreover, the well-being and banking enterprises have been more designated considering the idea of the information they handle. Similarly, programmers might target government organizations, including the military, work, movement, and permitting specialists. If you set up and showcase your business accurately, you will no doubt not run out of clients.

Notwithstanding these benefits, worldwide acknowledgment, a proper geological position, and a strong corporate culture add to Dubai’s engaging quality as the ideal market for digital protection undertakings.

Steps to start a cyber security company

You really want to follow the means given beneath for beginning a cyber security company in Dubai:

• Pick your organization’s name

Your organization’s name is a fundamental piece of the legitimate method. Except if the organization is an auxiliary of another, the name ought to preferably address the center of the business. It is fundamental to comply with the severe naming principles in the United Arab Emirates. It is illegal to utilize names that incorporate hostile words or are offensive to any confidence.

• Choose business action

You should initially frame your business exercises. This is a basic custom; however, you must match yours to the authority rundown of your picked locale or free zone. Dubai has many innovation-related exercises to browse, including digital protection.

• Choose the legitimate construction

While shaping a business in Dubai, picking the fitting legitimate design for your organization is crucial. It gives the establishment for managing benefits and misfortunes and organizing your resources and assets. Without characterizing your organization’s lawful construction, you can’t have any significant bearing on a permit to operate. A portion of the authoritative documents or business structures accessible for enrollment in Dubai are as per the following:

1. Private company
2. Restricted obligation organization (LLC)
3. Free zone organization branch
4. Nearby or unfamiliar organization branch

• Where would you like to set up the business?

Mainland, Free Zone, and Offshore are the three monetary zones or locales in Dubai. Every purview has its own business rules and guidelines that meet explicit corporate necessities. Pick award for your business in light of what you want and what sort of business you have.

• Apply for a permit

Presently you can apply for your exchange permit. Your free zone contact or organization arrangement specialist will deal with this cycle for you.

Your representative can ensure your application is right and forestall any unjustifiable issue sometime later.

While making your application, you are typically expected to give some essential documentation, for example, identification of duplicates and strategy.

• Present all documents

The foundation of an organization and giving a permit happen simultaneously. Be that as it may, the desk work and endorsement system is multi-stage.

The application structure Your visa duplicate

A No Objection Certificate assuming that you or some other investor is working in a UAE organization

• A duplicate of your Emirates ID
• A validated Memorandum of Association
• An affirmed tenure agreement for the workplace space
• Process your visa

Thus, on to the last stage in laying out an organization in Dubai. You might submit visa applications for your representatives and relatives at the same time as your visa application. Expecting that all the data is right, the technique is partitioned into four phases:

• Getting a passage grant
• Changing your status
• Taking a clinical test
• Getting your Emirates ID and visa stamp

Want to establish a successful cyber security company in Dubai? Get in touch with J M J Facilities Management Services EST. With years of expertise in the field, we can ensure that we help you in a successful business setup thereby determining a faster and easier process of application approval.

The post How to Start a Cyber Security Company in Dubai? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

Choosing the right jurisdiction for your Business is now easy! The UAE government has allowed 100 % ownership in specific industries where entrepreneurs and foreign investors can be sole owners in commercial LLC setups in Mainland Dubai. This will do away with the requirement to have local sponsor Dubai as a partner with a majority shareholder stake. 

However, not every location in Dubai offers the same choices regarding the business structure. Businesses can be set up in Freezone or the Mainland area of Dubai. So, if one is looking for easy access to the port, then Free Zone is preferable. Every place in UAE has its own territorial access. If one is looking to do business outside UAE, then Freezone company makes more sense, whereas if the target is the local UAE market, one must set up a Mainland company. 

Approved business activities 

In Dubai, the DED or the Department of Economic Development has 2300 business types in their main list, out of which 1061 businesses can now qualify for the foreign investor to own 100 % shareholding. 

Thus, uae allow 100 % Ownership in manufacturing and trading activities subject to the investor bringing in certain technology, capital and implementing the mandatory employment of UAE nationals in their company. 

For starting a new 100% ownership business in a Dubai Mainland Company, one needs to choose from the approved list of 1061 business activities. However, a local national will be required if those approved activities fall under the service and professional consultancy sectors. They will not be shareholders in the company but only be associated as service agents to carry out specific administrative work. 

Starting a new 100% foreign-owned mainland company setup in Dubai in 6 steps.

1. Choose the type of business.
2. Decide the company name. 
3. Complete the documentation for company formation. 
4. Apply for the licenses and get approval from the authorities, including business licenses. 
5. Open a business bank account, allowing 100 % repatriation in foreign currency.
6. Apply for business Visas and overseas employees Visa  

The overall cost of company formation in dubai mainland with 100 % foreign ownership business depends on the nature of the business activity, location, and the number of visas required. The minimum cost for service and professional consultancy in mainland company registration will be approximately 8000 Dirhams. At the same time, for a commercial license, it will come to a minimum cost of 14000 dirhams. There will also be additional expenses towards business consultancy fees, visa expenses, office rent, and miscellaneous expenses.  

Advantages of Mainland company in Dubai

• 1000+ business activities to choose from
• Freedom to select any business premises across Dubai
• No Currency restriction for repatriation
• 100% ownership of a company 
• Easy Visa processing for employees

The legal structure of Mainland Setup

A Mainland company in Dubai can   be formed as  

• Sole Proprietorship 
• Partnership (LLC)
• Branch of Multinational company
• Representative office
• Subsidiary 
• Civil Office 

 Categories of license 

1. Professional license – Involves a wide range of service-related activities 
2. Commercial license – Involves different kinds of trading activities 
3. Industrial license      – Includes a wide range of manufacturing activities

How to set up a Dubai Mainland company? 

• Decide on what type of business to start – An investor must select what type of business they want to choosing the right jurisdiction for your business in UAE.
• Company type  – Choosing sole ownership or LLC partnership depending on the business activity chosen. 
• Trade license – applying for the business license and getting approval from DED to start the business.
• External approvals –  External approvals may be required from authorities like Dubai municipality, judicial bodies, or some ministries for specific sectors like education, healthcare, and food-related business.
• Visas and other documentations –  Getting visas for employees after the establishment card and labor file is obtained.   
• Selecting business premises – Having an office or a commercial space is necessary to get the trade license. The RERA has regulated the renting and leasing of office space in Dubai.  
• Fees – One has to pay specific fees to DED and other authorities to get the license and other statutory approvals.
• Opening Bank account – One has to open a Corporate Bank account in the company’s name for transaction purposes.

About J M J Facilities Management Services ESTs UAE 

The new laws interpretation and implementation mean existing businesses will need the assistance of the consultants to amend the business structures, documentation, licenses, and tax liabilities. New investors will look to them for providing their expertise in business setup in Dubai under the new laws. Business Consultancy like J M J Facilities Management Services ESTs UAE Consultancy can play a significant role in setting up a 100% foreign company in mainland Dubai. 

If you are looking for expert help, get in touch with our team 

[email protected] | www.jmjfm.com | | +971-43215227

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