Why Invest in Saudi Arabia’s Booming Car Rental Activity Market?

Saudi Arabia stands as one of the fastest-growing economies in the Middle East. That is because its Vision 2030 initiative which aims to diversify the economy and reduce oil dependence. As a result, sectors like transport, tourism, and entertainment have seen significant growth. The increasing demand for mobility solutions, driven by both local and tourist needs, makes car rental activity in Saudi Arabia a profitable investment.

Related topic: Open  a Travel and Tourism Company in Saudi Arabia 

High Demand for Transportation Services

With the rise in tourism and business travel, the transportation market has witnessed a notable surge. Thus, obtaining a transportation license in Saudi Arabia can open doors to myriad business opportunities. Investors looking to delve into car rental activity in Saudi Arabia will find a receptive market ready for quality services.

Government Support and Regulations

The Saudi government offers various incentives to foreign investors, including streamlined processes for company formation and favorable business regulations. J M J Facilities Management Services EST provides comprehensive consultation services to help you navigate these procedures, ensuring you get your transportation license in Saudi Arabia without hassle.

Starting a Car Rental Business in Saudi Arabia

• Market Research and Business Plan

Before diving into the car rental activity in Saudi Arabia, it’s advisable to conduct thorough market research. Understand the competition and consumer preferences. Crafting a meticulous business plan will set the stage for success.

• Legalities and Licensing

Starting a business in a foreign country comes with its set of challenges, primarily the legalities. J M J Facilities Management Services EST simplifies the process by assisting you in obtaining the necessary licenses and ensuring that all legal requirements are met. With our expertise, getting your transportation license in Saudi Arabia becomes a seamless process.

Types of Car Rental Activity License in Saudi Arabia 

• Car Rental License 
• Rental Broker License

Basic Requirements for Obtaining a Car Rental License

The enterprise applies for the license via Naql e-platform The enterprise has a commercial registration that is limited to the activity. However, more than one transport activity or a transport activity supporting one may be combined in the same commercial registration. 

• A valid certificate from GOSI.
• Valid clearance certificate from ZATCA. 
• Providing appropriate headquarters following traffic requirements and the approved municipal and technical requirements. 
• Providing the minimum number of cars needed to run the activity, according to the license category, provided that the cars are owned directly by the enterprise, or through a financial lease contract. 
• The vehicle must be new and not previously registered in the Kingdom when it enters the service for the first time. 
• Linking to electronic systems determined by TGA. 
• Payment of fees, if any. 

Term of License: three years.

Categories of Car Rental Activity License in Saudi Arabia

A license is issued to practice car rental activity according to the relevant category, after fulfilling all the following conditions and procedures: 

( A ) 

1. Minimum number of cars = (3,000) cars and more.
2. One head office in Saudi Arabia. 
3. A leasing broker in the licensed city. 

( B )

1. Minimum of (300) cars and more. 
2.  (1) head office. 
3. A rental broker within the area of license. 

( C )

1.   (100) cars is the minimum.
2. Head office in KSA 
3. Not allowed to contract with a rental broker. 

(D) 

1. 15 cars or more.
2. One head office must be provided in the city of license, provided that the city is not one of the following cities: (Riyadh, Makkah, Al-Madinah, Dammam Metropolitan Area, Jeddah). 
3. No branches are to be open in the city of license or other cities.
4. No rental broker. 

( E )

1.  The license is for luxury and fancy cars, whereas only twenty (20) cars are required. 
2. One head office must be provided at the level of the city of license. 
3. Can open branches, conditionally in the city of license or other cities.

How to obtain the license via Naql e-portal 

Steps to Practicing the  Car Rental Activity & Rental Brokers Register with the portal. 

1. Obtain the restricted license. 
2. Add the vehicles 
3. Complete the requirements of other government agencies. 
4. Obtain the operation cards and driver cards. 
5. Obtain the final  license 

Basic Requirements for Licensing the Transport of Goods for Enterprises 

• The enterprise applies for the license via the Naql e-platform, which is the official electronic portal. 
• A commercial registration that is limited to the activity.
• A valid certificate from GOSI. 
• Valid clearance certificate from ZATCA. 
• Appropriate headquarters following traffic requirements and the approved municipal and technical requirements. 
• Linking to electronic systems determined by TGA. 
• A financial guarantee of SAR 100,000 for the benefit of TGA and in the form it determines.

Term of License: three years.

Related topic: Obtain the Commercial Registration in Saudi Arabia 

Why Choose J M J Facilities Management Services EST As Your Investment Partner

1. Expertise and Experience

At J M J Facilities Management Services EST, we specialize in company formation services in the UAE and KSA. Moreover, our team of experts brings a wealth of experience and local knowledge, ensuring that your investment journey is smooth and successful.

1. Tailored Services

We understand that each business has unique needs. So, whether you are an entrepreneur setting up your first venture or an investor expanding your portfolio, our services are tailored to meet your specific requirements. We cover everything from obtaining a transportation license in Saudi Arabia to navigating the intricacies of car rental activity in Saudi Arabia.

1. End-to-End Support

From initial consultation to final setup, we offer end-to-end support, ensuring all aspects of your business formation are handled professionally and efficiently. So, invest in Saudi with confidence, knowing that J M J Facilities Management Services EST is here to assist you every step of the way.

Car rental activity in Saudi Arabia presents a promising opportunity for investors looking to capitalize on the rising demand for transportation services. However, with the backing of J M J Facilities Management Services EST, you can easily navigate the complexities of company formation and licensing in the KSA. So, turn your investment aspirations into reality and explore the lucrative business landscape of Saudi Arabia today.

The post Car Rental Activity in Saudi Arabia: Investor Guide2024 appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

What is a Trade License in Abu Dhabi?

Before understanding the cost of a trade license in Abu Dhabi, you need to know how a trade license can be helpful. The trade license is an important document that all individuals and companies must own to carry out their business in the UAE.

The Department of Economic Development supervises all the activities. After receiving the license, as the business owner, you will be permitted to do various activities. Some of the activities that you can do in Abu Dhabi include the following:

• Importing and exporting goods to other nations.
• Be a part of various commercial activities.
• Reach out to the masses to inform them that you’re starting a business.

Individuals who are new to the UAE market must take help from a business setup consultancy. J M J Facilities Management Services EST is an efficient consultancy that can help you in the entire process of applying for a trade license. We help you with the documentation along with avoiding any cultural challenges that you may face.

Instant Trade License in Abu Dhabi

When you apply for a trade license in Abu Dhabi, you need to remember certain points. Therefore, the important points to take into consideration are as follows:

• Anyone who aims at starting a business in Abu Dhabi must apply for a trade license.
• If you are starting a small business, you must include all the service-oriented businesses that you will be starting.
• The trade license will come with a default visa quota along with three employees.
• With an instant trade license, you can conduct around 2,500 activities. However, you must own office space within the first year of office.
• If your paperwork is fine, you can get the instant trade license within one working day.

The Step-by-Step Guide to Obtaining a Trade License

It is crucial to follow the information given by individuals to start your business. The instructions for applying for the trade license in Abu Dhabi are written in a very easy-to-understand manner.

The step-by-step guide to obtain a trade lcense in Abu Dhabi include the following:

• You should have an appropriate trade name for your business that does not offend any religion.
• It is necessary that the business follows a legal form.
• Next, finalize the activity that your business will be following.
• Submit all the relevant documents within time.
• Certain activities will require external approval. If you need instant approval for any such activities, you should apply for it immediately, without any delay.
• Meanwhile, you should find an appropriate location to start your business. It is advisable to apply for a final license form at the Department of Economic Development.
• Pay the license fee.

Trade License Renewal in Abu Dhabi

The validity of a trade license in Abu Dhabi is around one year. After one year, business owners must apply for trade license renewal in Abu Dhabi. Therefore, you should renew the license before it expires. You may need to submit the expired license as proof of approval. The Dubai Department of Economic Development will validate your license. The renewed license will have a validity of 5 years.

Why Should you Apply for a Trade License in the UAE?

Having a trade license just makes it easier for you to conduct business in the UAE. Some of the common reasons why you should apply for a trade license in Abu Dhabi include:

Tax Exemption:

If you have a trade license, you will be exempted from paying tax. No tax will be applied to your income or profit.

Simple Process:

The process of applying for a trade license in Abu Dhabi is fairly simple. All the formalities for applying for the license are easy. You need to ensure that you complete the documentation process carefully. Business Setup consultants at J M J Facilities Management Services EST can therefore make the process seamless and easy for you.

Get Multiple Visas:

One of the major benefits of having a trade license in the UAE is that you will get multiple visas. The multiple visa facility will be applicable for the license holder and the staff. The number of employees for whom the visa will be issued will depend on the office space. Therefore, if you have a large office space, you are likely to receive more visas.

Repatriation Benefits:

As a business, you will be eligible for getting business repatriation. This repatriation will be applicable for the profits and assets.

No Annual Auditing:

When you have a trade license, you will not need to worry about the annual auditing report. As the license holder, you don’t need to submit any additional documents.

Sponsor Visa:

Apart from holding multiple visas, you can also sponsor visas. The visa sponsorship facility will only apply to the license holders.

Better Chances of Trading:

Every license holder will get the opportunity to explore the market at its full potential. You need to have a general trading license to start your business without any problem.

What Documents Do You Need to Submit to Acquire the Trade License?

While applying for the trade license in Abu Dhabi, you must submit all the right documents. The authorities will cross-verify the documents before providing the approval. Some of the major documents that you will need to submit include:

• Your Emirates ID
• Verified UAE pass account
• Copy of passport and residence visa

You need to submit all the necessary documents to the concerned authorities. Connect with J M J Facilities Management Services EST to give your business a boost. We will make it easier for you to apply for a trade license in Abu Dhabi. Our business consultants will help you with the documentation and establishing a business in your niche.

The post Step by Step Guide To Obtain a Trade License in Abu Dhabi appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

Setting up a Film Production Company in Dubai Mainland

If you want to establish a company in Dubai, you need to ensure that you have authorities have given you permission. Furthermore, it is crucial that you submit all the documents on time. Once you complete the procedure, the authority will provide the film production license.

The DFTC or Dubai Film and TV Commission is responsible for looking over the matter. They are professionals who will help you with the clearance of all necessary documents. It works closely with GDRFA-Dubai, Dubai Police, Dubai Municipality, and RTA (Roads and Transport Authority). Before a film production begins, the authorities will look over everything and ensure the shooting is done in peace. Therefore, you need to work with DFTC to get all the work done.

How to Set up a Film Production Company in Dubai?

The process for setting up a film production company in Dubai is the same as any other company setup. However, the difference will depend on where you set up the company. It is advisable that you consult a business formation expert. You can set up the business either on mainland or free zone.

If you are planning for a business setup in Dubai Mainland, you will need approval from the authorities. After that process, you can apply for the license. However, if you get DFTC licensed you can easily start film production. As mentioned above you will already have approval from half of the authorities. This will ensure that you can set up the business efficiently.

When it comes to free zones, you will not need approvals from any additional authorities for business setup. It is advisable that you consult your business consultant who can help you understand the process. While you may not need any external approval, you will need to abide by the rules. In free zones, you may have to take an external approval regarding the location.

You may need to submit the documents that can help you. Some of the common documents to submit include the following:

• Two colored passport photos.
• Type of activity you want to carry out.
• Passport-sized copy of the owner of the business.

The permit from DFTC is crucial for both audio and visual activities. Whether you’re shooting indoors or outdoors, you will need permission. Furthermore, if you need approval for public, private, or government-owned properties, make sure to submit value documents and reasons.

If you want to shoot in the UAE, you need to do it in the presence of a licensed video production company. You will also have to pay a certain amount of the registration fee for the purpose. The location fee will significantly vary depending on where you’re shooting. The amount for shooting in private sectors and public sectors are different. Your Business consultants can help you understand the difference in fees. At BusinessLink UAE, the experts will help you make the right choice based on your shooting preferences and location.

Starting Film Production Company in Free Zones

Numerous businesses are operating in the free zone considering all the advantages the location has to offer. Dubai Production City, Dubai Media City and Dubai Studio City are the best locations to set up your film production company in the free zones. Companies involved in the film production are likely to receive more incentives by setting up their film production company in this location.

The process of setting up a film production company in a free zone is the same as setting up any other company in a free zone. Once you choose the location, you will have to submit a particular fee along with the required documents. For free zones, the shooting permit authority is DFTC.

Benefits of a Film Production Company in Dubai

Dubai is a major tourist hub of the UAE. There’s no doubt about it. However, when you check out some films you will be surprised to know how many businesses are established here. Starting a film production company in Dubai can bring in a wide variety of advantages.

Some of the common benefits of setting up a film production company in the Dubai include the following:

• Tax-free

Dubai has tax-free zones that can be a huge contributor to saving money. There is full-production support available as well for the state-of-the-art film production centers. The authorities in the UAE have removed any kind of bureaucratic demands from the filmmakers. This gives them ease to conduct their business efficiently. Making the area tax-free, Dubai is fostering a positive environment for all filmmakers. This move is done to ensure that the filmmakers can utilize all services, and environments to get help for film production.

• Go to destination for technical support

Tax-free and rebates are just basic benefits. One major reason to apply for a film production license in Dubai is that you get technical support. Over the past few years, Dubai has seen a massive jump in terms of conducting business.

With technical support available, it becomes easier for film producers or any businesses in general to overcome challenges. DFTC is one of those centres that can help you with almost everything when it comes to film production. If you have any additional requirements, you can reach out to them.

The tax-free hubs of Dubai make it one of the best spots for starting your film production company in Dubai. It is advisable that you apply for the film production license only after submitting all the documents. The authority will provide approval only after checking all the documents. It’s crucial that you submit all the documents within the deadline and to the respective authorities. In this process, the business consultants like BusinessLinkUAE can assist you completely.

The post How to Get a Film Production License in Dubai? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

The gaming industry in the UAE has a variety of options available ranging from free zones to the mainland. The presence of technologically-advanced people has played an important role in the growth of the internet sector. Youngsters are significantly interested in this sector.

What is the extent of beginning a gaming business in the UAE?

UAE is an ideal space for investors to begin their gaming adventure. The scope of the online gaming business in the UAE is growing. Some of the common reasons why Dubai is an effective region for the online gaming business:

• Support from a significant population – UAE has a huge crowd potential for the e-gaming area. The utilization of cell phones has shown slow expansion in the crowd for the e-gaming area. As indicated by an overview, 92% of individuals use cell phones and play some type of game!
• Great economy- the country’s GDP per capita is a positive sign for the gaming area. Higher GDP demonstrates UAE has extra cash to put resources into games. Thus, unfamiliar financial backers can put resources into the beneficial gaming business in UAE with the assistance of business experts.
• Moving towards the online world – UAE has a major step toward augmented reality. The nation has made colossal ventures to make the VR part more alluring with explicit area-based diversion programs.

Integrate Your Gaming Company

Most online gaming companies need to have office space to start the business. One of the best benefits of this is that you can have a store where you can welcome or host your online customers. For this situation, you will require a spot that is somewhat close to major neighborhoods, so individuals have simple admittance to your site.

For an online gaming business, you can consider setting up the business in free zones. As far as financially savvy purviews, your choices are Fujairah Creative City, Ajman Free Zone, and UAQ Free Zone. In the event that you need a Dubai-based ward, your favored choices will be Dubai Internet City, DMCC, and Silicon Oasis.

You will be expected to present a strategy to make sense of the idea of your business and have the decision of getting an actual site, or work by means of a virtual office or business focus.

Step by step instructions to Start an Online Gaming Business in Dubai

Indeed, if you’ve handled a productive business thought to begin and don’t have the foggiest idea where to begin, sit back and relax, we got you covered. In this article, you’ll gain proficiency with the absolute best tips to think about while beginning a gaming business in the UAE.

These means will assist you with making a well and lawfully supported the business in Dubai.

Plan your gaming business

Arranging is essential for each business visionary. Whenever you’ve neglected to anticipate your business venture, it will be difficult to get things into place when things have gone bad. Thus, arranging your online gaming business with the help of professionals will help you set up the business from a basic level.

Subsequently, arranging will assist you with finding the accompanying in your gaming business;

• The expense required for the business
• The objective market for your business exercises
• The specific add up to charge your clients
• The name of your business
• Subsequently, this first period of your business arrangement will give you a guide on which way to follow. For example, you can’t begin a business assuming that you are ignorant regarding the amount you really want to spend for it to find lasting success.

Kind Of Gaming Business:

Your business type decides the permit you will require. There are three principal sorts of licenses that you can get; business permit, proficient permit, and modern permit.

Starting an online business in Dubai can be challenging. You can either have a gaming studio where individuals come to play arcades and different games. On the other hand, you can likewise set up a shop where you offer games to purchasers easily.

Naming The Business:

You ought to likewise pursue the lawful design before you start a gaming business in Dubai. Regardless of whether you get a permit in the free zone, you should confront a few limitations and keep them. All of the data is available on the DED’s site.

If you want to provide a name to the online gaming company, you need to abide by the rules of DED. If your name isn’t as per the guidelines, you can have significant losses or may be banned as well.

Start a gaming company and enroll for charges in the UAE

Before you start a gaming company you can try to enroll for government burdens that were forced in the UAE on all organizations. Be that as it may, this will exclusively rely upon the kind of business structure you embraced in the United Arabs Emirates.

Make a monetary record for your business

Dubai has a few monetary records you can at any point consider opening for your gaming business. At the point when you start a gaming company, it is critical to open a financial balance to isolate your funds and your business cash too.

Furthermore, starting an online business and maintaining the record will help to protect the assets like your vehicle, home, and other important things in danger, particularly when your business is sued. In any case, having monetary credits could assist you with getting better rates while teaming up with other colleagues.

Getting The License:

For an online gaming business, you will require a modern permit or a business permit to set up a shop in any business area of the city. You can get a permit from the Department of Economic Development. The authority has 2100 organizations that you can choose from. Gaming will be there.

On the off chance that you get the permit in the Dubai free zone, you can observe your place in one of the 50 exchange zones of the city. In a free zone, you get numerous advantages:

• Import/Export of things
• Charge exceptions
• Full Company Ownership

Make a site for your internet gaming

Most businesses like to have an online presence so that they can connect and cater to the needs of an international client. Nonetheless, you must consider the basic factors before setting up an online gaming company.

The greater part will say they don’t have web abilities or plan procedures according to the guidelines, they can’t make a business site, correct? There are a few web designers like Godday, WordPress, and more you can use to assemble your webpage.

Moreover, you can watch YouTube recordings on the most proficient method to construct sites utilizing the above web designer and foster your webpage impeccably. It is simple and quick.

To turn into a web sensation, go on the web.

Contact BusinessLink UAE

BusinessLink UAE organization has an unmistakable spot in giving simple and least difficult business arrangements in the UAE! The youthful and insane gaming population permits unfamiliar financial backers a reward of an open door to begin their online gaming companies in the UAE.

We complete your administrative work and make a structure to make the consolidation interaction simpler! UAE business arrangement is very simple, giving a thrilling business objective to financial backers.

Our professionals are aware of each regulation and ward that the public authority of UAE takes into account business arrangement and structures a legitimate design to execute your business thought that really sells.

The post How to Begin an Online Gaming Business in Dubai? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

What is Kiosk in Dubai?

Kiosks in Dubai refer to the international City where there are opportunities for businesses of all types and sizes. With the construction of new buildings daily, big and small businesses will get a wide range of opportunities in this region. However, sometimes it may become difficult for the business owners to understand where they should be setting up the business.

Whether you are a newly established business or considering remote work, each of them can be beneficial. Over the years, several malls have been constructed in Dubai thereby paving the opportunity for kiosk business. You can opt for a mall Kiosk business as an Emirates or expat.

The mall Kiosk business in Dubai is huge. If you want to start a kiosk business, you must apply with the Department of Economic Development in Dubai. They will help you understand the complete process of registration. Nonetheless, you must know that you can set up a Kiosk mall business only on the mainland and not in free zones.

Different types of kiosk business

Once you decide to set up a mall Kiosk business, you need to understand the different types of them. Before applying for the kiosk license in Dubai, you must want to understand the type of business you want to set up. Some of the most popular choices include the following:

• Pastry business

This is the perfect kind of business if you want to cater to the ones with a sweet tooth. You can open a pastry business right in from a mall after getting the approval and start the business.

• Ice-cream parlour

This has always been one of the most popular kinds of businesses to set up in Dubai. Moreover, it is quite a popular business that will never be out of demand.

• Jewellery business

This is one of the most popular kinds of kiosk business ideas. However, you need to choose a very strategic location to start this business.

• Popcorn business

Considering the fact that popcorn is one of the best-selling snack items in the mall, you may want to start this business.

• Perfume business

Perfumes are very popular in Dubai. No matter where you go in the world, there is a huge demand for perfumes from Dubai. Therefore, these can be one of the best choices to make as they will amount to a profitable business.

How to start a kiosk business in Dubai?

The kiosk business isn’t a huge one. However, you need to get the necessary approvals and kiosk business licenses so that you can operate freely in the region. Here’s all you will need to do to start your kiosk business:

Consult the mall management

Kiosks are the small stalls that are available at the entrance of malls. The size of a kiosk will vary significantly. However, these are mostly small and located within the mall. If you are planning to start your kiosk business in Dubai, you need to get approval from the mall management.

The mall management is responsible for leading a certain part of the mall in setting up the stall. After that, you can eventually set up the kiosk. Nonetheless, the price for the space will be decided by the mall.

There are multinational units as well but they charge a significant amount. If you are just starting out and looking for affordable options, you should consider starting from smaller malls. The rent of the space will depend on how much space you’re taking up.

If your products cater to the rich or elite class, you can expect to make a significant amount of profit. However, you can also set up your kiosk in smaller malls and get less profit. What product you will set up in the kiosk is your choice to make. However, make sure to understand that you can afford the rent. Nonetheless, there are malls that have very small spaces and they may not allow you to set up kiosks.

Get approval from DED

Approval from the Department of Economic Development is extremely crucial while setting up a business here. You need to be familiar with the mall management. To get the kiosk license in Dubai, you must apply for registration at the DED.

It is only after receiving approval from the Department of Economic Development that can you set up business in this region.

Things to avoid in the Kiosk business

If you want to buy a property to start your kiosk business in Dubai, you will come across numerous options. However, before buying the property make sure to understand the storage and transportation charges.

Since there are different types of things you can sell in the kiosk, you must understand what you are planning to sell. The type of product you sell will either bring you profit or loss. Souvenirs and perfumes are in huge demand in the Dubai malls.

Since Dubai is a destination for tourists, you might as well consider starting a souvenir business. Although regional items are popular, you may have a slightly tough time starting your business here. However, it can be a huge profitable idea that can determine the success of your business.

When you set up your kiosk business, make sure to decorate the stalls accordingly. The best thing you can do is place demo items so as to attract the passers-by. If you want to profit, you can start by sending a few free samples. Either way, you can bring significant profit.

Work with J M J Facilities Management Services EST

Since you are just starting out or planning to start your kiosk business in Dubai, you must get the license. Being professionals in the field, we can guide you through the entire procedure. If you want to obtain a kiosk license in Dubai, get in touch with us for we will help you with the paperwork and other formalities in Dubai.

The post How to a Get Kiosk License in Dubai? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

The first thing required to launch a business in Dubai is to get a business license. There are different types of licenses as per the  Chamber of Commerce and Industry (CCI) in the UAE. 

For an entrepreneur or investor, applying for a license is straightforward. Depending upon the type of business or services one provides, licenses issued in that category with its own rules and regulations. The application process is quick, and one can get a business license in a few weeks only. But this can happen quickly only if one is conversant with the application process. Moreover, it is prudent to take the help of a business consultant in Dubai. 

Types of Business Licenses

There are three main categories of Business licenses in Dubai.  

1. Commercial – A company, whether LLC or sole ownership, trading in goods and commodities can apply for a commercial license. There are different commercial licenses, and one must apply for the correct one. Rental transportation, healthcare, retail, real estate, trading, import, export, etc., need to have a commercial trade license. 

2. Industrial- Businesses in manufacturing or industrial activities need an industrial trade license. The DED issues this license, but additional approval is required from different UAE Ministries such as Finance, Infrastructure and Energy depending on the industrial activity involved. 

3.Professional – All professionals such as accountants, auditors, healthcare specialists, teachers, advertising consultants, legal advisors, etc., come under professional services. The Department of Economic Development (DED) gives a professional license in Dubai to establish that the person or business is skilled in providing professional services. 

License issue, modifications, and renewals

A business license is issued for one year in the UAE, otherwise, the entrepreneur cannot continue with an expired license. 

Most importantly, Apart from renewals, business owners can make amendments to their licenses. Following circumstances are matters for considering business license.

• Addition or deletion of a business partner
• Changes in Management details 
• Change of Trade name 
• Modifications in the authorized capital of the business 
• Replacement of local sponsor with a new one 
• Change in business activities 

How to apply for a business license? 

One must first decide what type of business activities someone will undertake in Dubai. Our Business consultants will then suggest what kind of license one should apply for. The authorities have pre-published business lists covering more than 2000 activities ranging from food, retail, manufacturing, and consultancy. It is also possible to list more than one activity in the application.

During the Company Formation in UAE, it is advisable to take the services of J M J Facilities Management Services EST, who will assist in every activity at the initial stages. This stage is where the entrepreneur will face the maximum bottleneck, and consultants can make the process smooth with their guidance and expertise at every step. 

Business name should be reflecting the activity of the business type. Regardless of what name one chooses, a suffix will be added to the name. The suffix corresponds to the legal entity of the company. For example, FZE, FZC, and FZ LLC stand for Free Zone establishment, Free Zone company, and Free Zone Limited Liability Company. For a mainland or local company, one will see suffix L.L.C. 

The application for the business license apply through to the Department of Economic Development (DED) or the municipality or the managing authority of Dubai. Here also, the business consultant will guide on where to apply. 

Documentations required 

• Completed application form
• Passport copy of the proposed owner or owners
• Two-color passport size photos
• MOA with the local Sponsor
• Original along with a copy of the company’s statutory documents
• DED approval letter for company name
• DED attestation letter approving business setup
• Tenancy agreement
• Shareholder’s complete details and their passport copies

The documents needed for business setup in Dubai are to be submitted to the Trade License and Commercial Registration Department in the DED. The fees for the license will depend on the nature and size of the business. The cost of a business license in Dubai depends on the business activity. There are no additional trade license costs to consider unless one wants to take on mainland premises or apply for additional UAE trade license visas.

The post Complete Guide to Get Business License in Dubai appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

It is relatively easy to start a business in the UAE, and many expatriates and foreign companies are coming forward to take advantage of the various opportunities provided by the government. Here is a complete guide for investors will tell everything about starting a business in the UAE and company formation rules. 

Who can start a business in Dubai or other parts of the UAE? 

Any expatriate can have a business setup in Dubai in partnership with a local UAE national that owns about 51% of the company. There is a provision for sole proprietorship business but reserved for the professional category. The Emirati partner may just be a partner on paper and may not be involved in the day-to-day running of the business. 

The legal structure of a business  

Sole Proprietorship 

Here the company is owned 100% by the foreign investor. The person can have complete control over operations and profits. However, sole ownership is allowed only to UAE or GCC nationals in the industrial and commercial sectors. 

Civil company 

Professionals such as doctors, lawyers, accountants can open a civil company as a 100% owner but require a local UAE national who would not be a partner but associated as a Service Agent. The role of the service agent would be to render necessary services to the civil company. A local UAE national is required as a shareholder with 51% of the shareholding. 

Limited Liability Company (LLC)

In an LLC, partners can range from two to fifty, and each shareholder profits according to their shareholding. A UAE local sponsor must have a minimum of 51 % of the shareholding. 

Foreign Company Branch

A foreign company can establish a branch in Dubai or anywhere in the UAE. Here, the company is 100% owned by the parent company. However, any import of goods must be routed through a local trading firm owned by an Emirati. 

Free Zone Company Formation in Dubai, UAE

If you plan to start a Free zone company formation in Dubai, you are on the right track. A free trade zone, another name for a free zone, is a special economic zone that gives many advantages to businesses, including tax exemptions and concessions in regulatory fees. Free zone jurisdictions have regulations and are overseen by a government regulatory body called the Free Zone Authority. 

What is a Free Zone Company?

It’s a special jurisdiction which allows 100% full foreign ownership under a particular Emirate. They are exempt from dealing with customs authorities and the Ministry of the economy. They only have to deal with the authorities responsible for a specific free zone. A foreign investor can also have 100 percent ownership in companies here. A free zone company can operate only within the free zone and not in the Mainland. 

 Benefits of Freezone Business Setup 

• Allows 100 percent ownership in a company. There is no mandatory requirement for a local sponsor or service agent.
• Waiver of Corporate taxes 
• Personal, export, and import taxes come exempted in the free zone business setup.
• Long term lease options up to 25 years available to investors at attractive terms
• Easy and faster recruitment process of workforce 
• Fast registration and commencement of business in the Free zone compare to other areas.
• Easy access to housing, immigration, labor, and legal services.
• 100% free repatriation of funds.

How to stay ahead with free zone company formation in Dubai? 

In order to set up a business in a free zone, an investor has to

• Firstly, Choose a name for the business.
• Apply for a business license.
• Select an office space. 
• Get pre-approvals, register the company and get a license. 

Setting up an offshore company

Setting up an offshore company in the UAE has several benefits. Incorporating an offshore company is a straightforward process. The advantages are

• Shareholder’s identity kept confidential by law
• Allows 100% foreign ownership
• Allows registered business address in Dubai
• A 100 % tax-free and business-friendly environment
• Moreover, No restrictions on foreign exchange remittance or trade barriers

Setting up a Mainland company

There are many benefits for setting up a mainland company, such as 

• More than 1000 business activities to choose from
• Freedom to trade in any part of the UAE
• Freedom to choose any business location in Dubai
• Easy Visa processing for employees 
• No foreign exchange restrictions on repatriation
• 100% ownership

Licenses and permits

Most businesses can get business or trade licenses from the Department of Economic Development (DED) or the local free zone of any Emirates. However, specific business activities may require specialized licenses. For example, manufacturing companies need the Ministry of finance and industry approval. For pharmaceutical and medical companies, the Ministry of health gives the licenses. 

About J M J Facilities Management Services EST Consultancy 

However, With Dubai offering the maximum number of Free zones, it would be good to hire a business consultant like J M J Facilities Management Services EST. We are one of the most experienced business Setup companies in the UAE serving business clients since 1999. By Get in touch with us, know the complete guide for investors to start your business in the UAE.

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Want to Expand your Business in Saudi Arabia?. Saudi Arabia is a country known for its vast oil industry. It is one of the biggest free-market economies in the MENA region, with approximately 28% share of the total Middle East GDP. 

The strategic location of the country provides easy access to the export market. Domestic consumption is driven by the wealthy community in the kingdom, leading to demand setting up new businesses in various sectors. The business climate of Saudi Arabia is safe and secure. The availability of energy at low cost and driven by political stability encourages 100 % foreign ownership in the retail and wholesale sector. 

Significant reforms are attracting new investors and helping the existing ones to expand their business in the country. For a foreign investor business expansion in Saudi Arabia, it is essential to understand the correct type of corporate entity before making an investment decision. 

The New Companies Regulation Act came into effect in 2016 for Company Formation in KSA. 

There are five types of companies that one can start in KSA 

• Limited Liability Company (LLC) 
• Joint Stock Company (JSC)
• Single Member Limited Liability Company (SMLLC)
• Limited Partnership Company (LLP)
• Joint Ventures

Apart from these, special business forms are available to overseas companies to do business in UAE by opening a branch or representative office.

How to Expand your Business in Saudi Arabia?

The reforms in policy and privatization efforts had made company formation quick and easy. One can expect to complete the entire registration process and start-up in six months.  

• Pre-incorporation stage- The planning, strategizing, and the investor does due diligence. Deciding on the business type, paid-up capital required, and documentation for getting a business license is done at this phase. 
• Deciding the name of company / Business
• The type of business set up – LLC, LLP, SMLLC, JSC, Branch Offices, or other types
• Completing the process required for starting the business operations like getting the license, Certificate of Incorporation, Board Resolutions, power of Attorneys, etc.

How do you get approval from authorities? 

Once the planning is complete and reviewed, the next step is to register the company. The following process can simultaneously save time. 

Application for Investment License Investors coming from non- GCC countries have to apply to SAGIA or the Saudi Arabian General Investment Authority. 

The SAGA application form should be duly filled up by clearly stating the nature of the business activity and the size of the investment. The significant financial information of the company must be stated clearly. The Sagia License in KSAis issued by the Sagia authorities with a pre-approval registration certificate. 

• Articles of association 

It is required to be submitted to the Ministry of Commerce and Investment. After approval, the documents need to be notarized for commercial registration and Tax Number.

• Application for company registration (CR) 

The name of the company is required to be reserved with the Unified Centre and approved first before submitting the deed of establishment, articles of association, and incorporation forms. After submitting all the documents – CR, municipality regulation, Tax, registration, Bank’s Share Capital approval, and deposit letter, SAGIA will issue a foreign business investment license, thus allowing the company to sign contracts, hire employees, and issue invoices. 

• Bank Account Opening 

 A local bank account is needed to be opened within 90 days of issuance of a commercial certificate of registration. 

• Business Visa and other compliances 

Post incorporation of the company, the other activities would include getting business employment visas for employees. 

• Taxes 

Registered companies are taxed, including foreign investors, at 20%. Withholding taxes are levied on companies that make payments to the foreigners like rent and management fees. Different tax rates are applicable.

•       MERAS registration 

This program by the UAE government is for helping set up foreign company registration, and Saudi Business Centre manages it. They speed up procedures for Business Setup in Saudi Arabia. The CR is issued in six weeks usually.

How Free Zones are helping the diversify and expand business in KSA

The country has opened Free zones to attract foreign investment. There are two types, Economic and Industrial. The industrial type only allows investments in manufacturing, whereas other activities like healthcare, agriculture, logistics, education, science, and research are allowed in the economic-free zone. 

Capital Required for businesses  

No minimum capital is mandatory for any business. Usually, in the case of SAGA, foreign LLCs are required to invest a minimum of SAR 500,000 in the capital. Depending on the business activities, the minimum paid-up capital requirements vary. For a 100% commercial foreign investment, a minimum of SAR 30 million is essential with the commitment to inject SAR 200 million investment in five years.

Business Set up assistance 

Though the laws of UAE are investor-friendly, many procedures are required to set up a company. Business consultants such as J M J Facilities Management Services EST who are well versed in the laws of the MENA region and can provide the best and Professional Assistance for business Setup in Dubai and Company Registration in Saudi Arabia

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Understand the Business

You can have your people providing these services at the facilities of shopping malls or multiplexes. You need to offer environment-friendly mobile car wash services. Waterless car wash is a relatively new segment. You can include these services also in your portfolio.

How to Get a License for Car Wash Business Setup in Dubai?

You need to obtain a professional license if you wish to start mobile car wash services and gather a great J M J Facilities Management Services EST in UAE.

First, as in all businesses, you must choose a name for your business. Next, you need to go for the initial approval. After this, you need the Notary/ Court signing and submission of Ejari. Then comes the approval of tenancy from Dubai Municipality and final submission after which the license is issued.

Do have the documentation in place. You should be carrying the following documents:

• Passport copy of the shareholder(s)
• Visit visa / Tourist visa / Transit visa / Residence visa copies of the shareholder(s) – required for expats
• Emirates ID copy and NOC from sponsor (if applicable)
• A few trade name options for the company
• Ejari / Tenancy contract in the name of the company (this will be required during the process, not initially)

How much does it cost?

The license costs approximately AED 10,173 ($2780) inclusive of all applicable taxes. Moreover, you will also be charged 2.5% of the rental value of the office space.

Handling Clients Professionally

The prospects of the car washing industry are immense. However, it always boils down to the quality of services you provide. You need to hire people for washing who are fully trained in these services. Else, you need to sell some amount on your own to have them prepared. You should also be aware of the latest techniques for clean car cleaning services. And, even the government laws keep changing. Else, you have hefty fines dangling in front of you.

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Initiated by RERA (Real Estate Regulatory Agency), Ejari is an online registration system. At this portal, RERA needs all Dubai rental |lease contracts records at this portal. The main aim of this system is to legalize the otherwise unpleasant relationship between landlords and tenants in Dubai. Ejari helps to put an end to malpractices in the rental sector by making the whole procedure completely transparent, for all of the stakeholders. Tenancy contracts, which are not registered at Ejari, get no protection by any of the regulatory authorities in Dubai. We provide an Ejari tenancy contract for Dubai license renewal as well as new company formation in UAE with cost-effective options.

Benefits of the Ejari System in Dubai:

Ejari serves its best in building and maintaining a trusted and reputed regulatory community environment for the real estate industry in Dubai. This system is benefiting both landlords and tenants with the help of complete transparency. There are various industry benefits of this system including:

• You can access official and updated information on all leased properties in Dubai easily.
• This system is a means of creating legalized tenancy contracts that are accompanied by standard-issue rent receipts.
• With this system, you get the ability to safeguard the rights of landlords and tenants by maintaining tenancy contract details.
• Also, this system provides full audit ability of transactions in case of any kind of dispute.

Both the ends of a rental contract are uniformly serving with Ejari. To offer complete protection to landlords and management companies. As well as their tenants, regarding the various terms of each rental contract. This solution also helps in establishing clear payment terms for the protection of the interests of all parties when advance rental payments are made.

Tenancy Contract for License Renewal in Dubai – Guide to Renew Dubai Company License

Consider the below-mentioned list of all the documents requires for the purpose of license renewal in Dubai:

• A typed BR/1 form
• A photocopy of the Tenancy Contract and Ejari Registration Certificate
• Photocopy of the current business trade license
• Passport photocopies of all the business partners

Every year, all the organizations need to renew their trading license in Dubai as per the rules of the department and to remain legitimate. Our team at J M J Facilities Management Services EST assists to renew existing company licenses and new company registration in Dubai as well.

Also, these are the steps you need to follow for Dubai License Renewal:

Step 1: Get a valid tenancy contract in Dubai: The very first thing you require to ensure is that the tenancy contract of your firm should have a validity of at least 3 months. In addition, it must attest by Ejari. If your tenancy contract does not have 3-month validity, the associated license cannot be applied for renewal.

Step 2: Applying for a renewal license: You need to apply for license renewal at the DED Dubai, along with all the needed documents. You can apply for renewal with the help of various mediums like e-Services, mobile applications, authorized law firms like us, and authorized service centers.

Step 3: Payment: After the submission of the application, the DED will allow a payment voucher. After receiving this voucher, you need to proceed to the payment procedure. Immediately after making the payment, you will get your renewed license from the channel.

Apart from this, we are always here at J M J Facilities Management Services EST to handle all legal work for renewing your company license in Dubai. Our experts will take care of everything like applying for license renewal at DED. Getting the payment voucher submitting all the required documents to DED. In order to get the renewed license of your Dubai Company in no time. If you want to talk to our business consultant regarding the same, call us at +971 43215227 or email us at [email protected].

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