Can I have multiple businesses under one trade license? 

• A trade license serves as official authorization from the government to operate your business in Dubai according to specific guidelines. It is possible for business owners, including foreign investors, to have multiple businesses under one license, as long as the nature of these businesses aligns with the same activity. In certain cases, it is also possible to register multiple activities under a single trade license. However, it is important to note that opting for this option will incur higher costs compared to registering only one activity.
• If you are unfamiliar with the terms and conditions associated with this setup or if you want to determine the most cost-efficient arrangement for your business, seeking advice from business setup services in Dubai like J M J Facilities Management Services EST is recommended. By doing so, you can gain valuable insights and guidance in meeting the legal requirements.

How to obtain a Trade License in Dubai?

• If you are interested in obtaining a trade license in Dubai, it is advisable to reach out to business setup consultants in the city. J M J Facilities Management Services EST takes great pride in providing top-notch services to its clients. Before submitting your trade license application, it is crucial to have a clear understanding of the various business activities you wish to pursue.
• The type of license you select will significantly impact the number of businesses you can operate in Dubai. Therefore, it is recommended to carefully consider these factors during the initial stages of establishing your business. It is important to comprehend the specific activities you plan to undertake, as this will determine the possibility of conducting multiple businesses under a single limited company based on your chosen license. Once you have determined the business activities, the next step is to select a company name.

– Choose a Business Name

• Choosing a business name may seem like a simple task, but it is quite important to understand the considerations involved before making a decision. In the UAE, there are strict rules and regulations related to business setup, so it is crucial to understand the naming conventions.
• The name you choose for your business should align with the activities you will be engaged in. The Department of Economic Development will evaluate the suitability of the name for your business, and if you are setting up in a free zone, you will require approval from the relevant authorities in the zone. It is equally important to handle all aspects of company formation in the UAE with care and to also consider applying to the municipality authority if necessary.
• Taking care of the basics is of utmost importance. When applying for a business name, ensure that the name complies with the laws in Dubai, where naming a company after the owner is prohibited.

To obtain approval for setting up a business in Dubai, it is imperative to furnish all the requisite documents. The following comprises the crucial set of documents that must be submitted:

• Application Form
• A scanned copy of the owner’s passport
• Scanned copy of the owner(s)’ photograph.

What is a dual license?

An alternative you could consider is applying for a dual license, particularly if you currently hold an onshore license. A dual license allows a company registered in a free zone to conduct business outside of the free zone’s boundaries without the need for a new office or operational base.

If you are operating on a limited budget and seeking a cost-effective business setup in Dubai, this option might be more suited to your business needs. Obtaining a dual license can help you avoid the expense of acquiring another office space and potentially reduce various expenses such as accounting, administrative, operating, and other costs for your business.

Strategies for Incorporating Multiple Companies

Incorporating multiple companies in Dubai can yield significant benefits. However, it is crucial to implement appropriate strategies to ensure a successful incorporation. The two primary strategies that can greatly facilitate multiple company incorporation are as follows:

– Creating a limited liability company (LLC) 

• This approach is particularly beneficial for maintaining competitiveness in the ever-evolving landscape of UAE organizations. Consolidating all ventures under one roof streamlines operations, making it ideal for entrepreneurs seeking efficiency. Experts strongly advocate for LLCs as the most viable option for establishing a business in the UAE. This strategy not only offers significant advantages but also plays a crucial role in mitigating risks associated with diverse simultaneous business activities. However, opting for an LLC structure can provide safeguards, particularly in scenarios where financial constraints may pose challenges.

  While this approach may impact daily operations, proper maintenance, management, and authorization can minimize drawbacks.

   

– Join a holding incorporation

• offers a secure and lawful means of integrating multiple business entities into a single entity. This approach ensures compliance with all legal procedures while also granting additional advantages in terms of governing company operations. When consolidating various business organizations, thorough vigilance is crucial. Hence, it is prudent to maintain the ability to merge diverse businesses seamlessly. Concurrently, it becomes imperative to uphold confidentiality, leverage taxation benefits, and adhere to an established security timeline.”

If you’re just starting in business or embarking on a new venture, don’t worry! J M J Facilities Management Services EST simplifies business setup in Dubai, freeing you to focus on what matters most for your business.

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Numerous people in a year visit Dubai. Some come as a tourist, some come for studies, some come to work, and some to set up a business. You need a visa and other assistance in all these things, and this is where J M J Facilities Management Services EST comes for you. With an aim to offer the best stay in UAE, we have numerous services for you. Here are our offerings that will understand why J M J Facilities Management Services EST consultancy is the best for you. 

• Business Setup in Dubai-UAE

  – Company formation in Dubai is not child’s play. It comes with huge scope to grow but undergoes numerous legalities. You can’t land in Dubai and set up an office in a day. There’s a lot to analysis and research required. J M J Facilities Management Services EST does all this for you. From the selection of location to visa application and other formalities, we take care of everything.

• Business Advice

  – We have a plethora of offerings, and one of them is business advice. We want our customers to have the first step right when it comes to business setup. With our years of experience, we guide you on which business type can be the best for you. Also, suggest some practical moves that can benefit your business grow big in no time and mitigate risks.

• Deal with Legal Formalities

  – From getting employed to set up a business in Dubai to apply for higher studies, stringent legal formalities are everywhere. So, you need to be a pro in Arabic, be ready to visit government authorities multiple times, and have all documents in place for non-hindered formalities resolution. For any foreigner, it is next to impossible. J M J Facilities Management Services EST does all for you. We take charge of all follow-ups, paperwork, and approvals. 

• Cost Efficiency

  – There’s a huge investment involved in setting up a business in Dubai. Our team of expert performs a critical analysis of every step and help you save money wherever possible. We offer guidance over Business Setup in Mainland, Free zone, and Offshore with the vital insights to flourish the business.

• Quick Registration

  – This is a major step in company formation. Wrong registration is like starting a game all over again from level one. This can’t be done without hiring a consultancy and we are one of the leading consultants in UAE. J M J Facilities Management Services EST helps you deal with this easily.

J M J Facilities Management Services EST offers a sea of service with no hidden charges to crib at last. We have everything under a single roof, including Business Setup (Mainland/Offshore/Freezone), Visa services(all types of visas), Company Liquidation, Corporate & Local Sponsorship, Pro Services, VAT, opening bank account, Trademark Registration, and much more. J M J Facilities Management Services EST offers quick setup and services in UAE, KSA, Oman, Egypt, and Spain. We are proud to have amazing client reviews and Google ratings and aim to offer each day better to all our new and existing customers.

For more information, click here – https://bit.ly/37TrQqv

[email protected] | www.jmjfm.com | +971 55 6070 118 | + 971 43 215 228

The post Why choose J M J Facilities Management Services EST ? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.

• Commercial agencies
• Limited liability companies
• Joint-stock companies
• Foreign office branch
• Technical and scientific offices (Representative Offices)

Even though the most common ways to start a business in KSA are through Limited Liability Companies and Foreign Office branches, hiring commercial agents is also a considerable one. Commercial agent or distributor helps the foreign investor to get into the business market without initiating a direct presence in the KSA.

What is the Difference Between a Fully Owned Foreign Investor and a Foreign Investor with Commercial Agent?

Requirements for Fully Owned Foreign Investor:

• 100% foreign ownership.
• Must have branches in at least three foreign markets.
• A local partner is not required.
• Start the company as a limited liability company or branch.
• Must have a foreign capital investment of 30 million Saudi Riyals minimum.
• They Must give training to 30% of the Saudi employees each year.
• Must invest an amount of not less than 200 million Saudi Riyals during the first five years from the date of a license issued from the SAGIA.

Requirements for a foreign investor with Commercial Agent:

• Foreign equity limited to 75%.
• An entrepreneur who is not having any business in the foreign market can also start a business in KSA.
• Required a local partner with 25% equity.
• Start the company as a limited liability company.
• No need for the direct presence of the investor
• Must have a minimum foreign capital investment of 20 million Saudi Riyals.
• Must give training to 15% of the Saudi employees each year.
• No need for any particular investment in the first five years from the date of a license issued from the SAGIA.

How to Start Trading Activity in UAE with the Help of Commercial Agent?

The main purpose of hiring a commercial agent in KSA is for doing general trading in Saudi Arabia without the direct presence of the foreign investor. They can appoint a person as a commercial agent or distributor for selling their products or services in KSA.  With respect to the announcement of the Ministry of Commerce and Industry (MOCI), foreign investors will able to do a trading activity only with the help of commercial agents in the form of a limited liability company. For a Saudi national or a company, if they want to work as commercial agents or distributors they have to register in the Ministry of Commerce and Industry (MOCI) for this purpose.

J M J Facilities Management Services EST will provide Commercial Agents in UAE to deal with the trading activities in Saudi Arabia. We help you to test the local market and trends by not involving any risk in investing in a new market. If you have decided to establish your business in Saudi Arabia, then our commercial agents will help you to develop goodwill about your product and services.

Benefits of Hiring Commercial Agent in Saudi Arabia from J M J Facilities Management Services EST

Being a businessman is not as easy as you might be busy with many other things. And you don’t have time for things like creating new connections, developing new relations, and doing market research in the country about your product and service. And you can run your business in UAE with our commercial agent who will do your role of trading correctly without your direct presence. Hiring a commercial agent from J M J Facilities Management Services EST will make your work smooth and trouble-free. You can focus clearly on your business in your home country as well as in the KSA.

J M J Facilities Management Services EST is one of the best companies that can help you to set up your business in Saudi Arabia. We have a team of specialized professional who has excellent knowledge about their work.  Start your business or trading in Saudi with help of a commercial agent. Let your business flourish forever internationally with us.

Read More:

What all things you need to know about the PRO services in Saudi Arabia?

How to set up your business in Saudi Arabia?

The post What are the Benefits of Hiring Commercial Agents in KSA? appeared first on Business Setup Company in Dubai - Company Formation Consultants UAE.