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Business Registration Cost in UAE

Business Registration Cost in UAE in 2024-25

Starting a business in the UAE in 2024-25 is exciting and full of opportunities. Knowing the Business Registration Cost in UAE is important for planning. These costs can vary depending on where you set up your business and its type. Whether you choose a free zone or mainland setup, you must consider fees for trade licenses, visas, and other administrative expenses. Understanding these costs will help you start your new business smoothly.  In this blog, Shuraa Business Setup will explain business registration costs in the UAE. We will break down the expenses of setting up a business and highlight the benefits. Read on to cover everything you need to know about starting your business in the UAE.  Basics of the Dubai Company Registration  Setting up a company in Dubai gives you access to a business-friendly environment known for its easy operations, tax advantages, and global market reach. Dubai’s luxurious location connects major trade routes. It also offers easy access to markets in the East and West.   Its diverse workforce boosts innovation and business growth. With strong laws and a stable economy, Dubai provides a safe foundation for business prosperity.  Benefits of Dubai Company Registration  Before you get to know the Business Registration Cost in UAE, it’s important to know the benefits of Dubai Company registration. Below are the different benefits which will help you to know more things about Dubai.   Dubai offers zero personal and corporate income tax. It allows companies to maximise their profits. The Dubai Freezone also offers exemptions from import and export duties.  Dubai is located between Asia, Europe, and Africa, which Definitely helps entrepreneurs to set up more business in Dubai. The UAE world-class infrastructure is the greatest reason why most of the entrepreneurs want to register their business in Dubai.    Registering a company in Dubai is not a hectic task, Dubai has an easy registration process. The Government also helps and boosts the new business setup to grow more in this business Hub.   The Free zones in Dubai allow 100% foreign ownership, eliminating the need for a local partner. Companies in the Freezone are 100% entitled to the profits of the business.   Dubai attracts a set of skilled people to start their business in the UAE from around the world. The Favorable labor laws support the hiring and retention of employees.  Dubai also offers a high standard of living with modern amenities, healthcare, and education. The city is also known for its low crime rates and their high level of safety for the people.   Three types of Business Setups  There are three types of business setups in Dubai. Each zone has its own set of laws and advantages. Before knowing the Business Registration Cost in the UAE, it’s essential to understand the jurisdiction.  The cost of registering your business also depends on the type of business zone you are choosing. Following are the three types of business setups:  Free Zone   Mainland   Offshore  Free Zone   Businesses registering under a free zone get many benefits. These include tax exemptions and exemptions from many mainland regulations. Entrepreneurs choose free zones as they allow many businesses to operate from designated areas. They also provide 100% foreign ownership.   Free zones are helpful for international companies that target specific industries. Dubai plays a major role in international businesses. It provides regulatory benefits and specialised infrastructures, especially for various industries in the UAE.   Mainland  Companies that select the mainland for their business setup can freely trade throughout the country. They can even lease or own their priority in the mainland area. For entrepreneurs who are looking to directly engage with the UAE market, the mainland is the best option. Companies can also bid for government contracts. This opens a wide range of business opportunities for entrepreneurs.   Offshore  If you operate your business offshore, you have many attractive options for prioritising international trade and securing your assets. You don’t need to follow any local corporate taxes and regulations. These companies are best for operations outside the UAE.   Components of business registration cost in UAE  Business registration costs in the UAE involve many components. The expenses include office rent, the firm’s commercial activities, the necessary license type, and other pertinent factors.  Business Registration Cost  The first component of business registration costs in the UAE is registering your business. The cost depends on the number of shareholders in a business. Starting a business in the UAE usually ranges from AED 12,500 to AED 28,500. However, the cost of a business startup in Dubai can vary depending on your business’s nature.   Trade Name   The second component of business registration costs in the UAE is getting a trade name. Once you have finalised a trade name, you have to register it. It is important to choose a name that is right for your business and will indicate its nature.   If you need help choosing a trading name, consult our Shuraa Business Setup experts. They will help you choose the right name for your business.   Types of Business License   In this component, you must apply through the DED to get a business license on the mainland. In free zones, you should apply through their respective authorities. Once you have your business license, you must secure external approvals from other governmental bodies.  There are 4 types of Business Licenses:   Industrial License   Commercial License  Professional License  Tourism License Office for Rent   In this case, you must choose a rented office space where your office will be set up and the cost of the rented office. The cost of the rental depends on the location, which is important for your business’s success. Contact our Shuraa Advisors to understand the benefits and regulations of different business zones and the exact cost of renting an office in the UAE.   Important Documents for Starting a Business in Dubai  The documents needed to start a business in Dubai include:  Passport photographs  Passport copies of all legal participants  Completed application form  Memorandum of Association (MoA) and Local Service Agent (LSA) documents (notarised and
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UAE Golden Visa

How to Apply for a UAE Golden Visa?

In recent years, the United Arab Emirates (UAE) has introduced a game-changing initiative known as the Golden Visa. The UAE Golden Visa is a prestigious residency permit that offers long-term residence to individuals who meet certain criteria. This visa is highly sought after due to its numerous benefits, including the ability to live, work, and study in the UAE without the need for a sponsor.  But how do you secure your own UAE Golden Visa and unlock this world of opportunity?  If you are considering applying for a UAE Golden Visa, we’ve got you covered. Here we will explain everything including the application process, eligibility requirements, benefits, Golden Visa price, and much more. But first let’s understand what exactly a golden visa is.  UAE Golden Visa  Launched in 2019, UAE Golden Visa is a long-term residency program offered by UAE government. It essentially allows foreigners to live, work and study in the UAE for a long duration, without the need for a traditional employment-based or sponsorship-based visa.  The Golden Visa offers residence permits valid for 10 years, a significant advantage compared to standard visas. The visa also allows holders to sponsor their spouse, children, and even domestic helpers for residency.  Eligibility for UAE Golden Visa  There are several categories of people who can be eligible for the UAE Golden Visa, each with its own set of requirements.  1. Investors  Invest at least AED 2 million (around $545,000) in an UAE-based investment fund or national bank.  Set up a company in the UAE with a minimum capital of AED 2 million.  Be a partner in an existing company with a minimum investment of AED 2 million.  Own a company that generates annual tax contributions of at least AED 250,000 to the UAE government.  2. Entrepreneurs  Own an innovative business project with a value of at least AED 500,000.  Secure approval letters from a UAE auditor, relevant authorities, and a qualified business incubator.  3. Other Eligible Individuals  Doctors, specialists, and researchers in critical fields can apply based on their qualifications and experience.  Students who excel academically in UAE universities or globally recognized institutions may be eligible.  Required Documents to Apply for UAE Golden Visa  The required documents for a UAE Golden Visa application depend on the specific eligibility category you fall under. However, here are the general requirements:  Copies of your passport  Recent passport-sized color photographs  Proof of health insurance  Documents proving investment in UAE, such as property ownership, company shares, or investment funds  Copy of a valid trade license (if applicable)  Bank statements  How to Obtain a Golden Visa in UAE?  Here’s a step-by-step guide on applying for a UAE Golden Visa:  1. Determine Your Eligibility  Before beginning the application process, confirm that you meet the eligibility criteria.  2. Gather Required Documents  Prepare the necessary documents based on your eligibility category. Ensure documents are valid, translated into Arabic if needed, and attested by relevant authorities.  3. Apply for a Golden Visa  You can apply online through the Federal Authority for Identity and Citizenship (ICA) portal or the General Directorate of Residency and Foreigners Affairs (GDRFA) depending on your location in the UAE.  Register an account if you don’t already have one.  Complete the Golden Visa application form with accurate details.  Upload all the required documents in the specified format.  Pay the applicable fees using the available payment methods.  4. Await Approval and Communication  The authorities will review your application. You can track the application status online through the chosen platform (ICA or GDRFA).  5. Receive Approval  If your application is approved, you will receive a notification. This approval is usually granted in principle, meaning you are eligible for the Golden Visa, subject to the completion of further formalities.  6. Complete Medical Tests and Emirates ID (if approved)  If your application is approved, you’ll likely need to undergo medical tests as mandated by the UAE. You’ll also need to visit the relevant authorities to get your Emirates ID processed.  7. Enjoy the Benefits of Your Golden Visa  Once everything is finalized, you’ll be able to enjoy the benefits of your UAE Golden Visa, including long-term residency, work opportunities, and the ability to sponsor family members.  Consider consulting with immigration experts or legal advisors like Shuraa who specialize in UAE residency to help navigate the process.  How Much Does It Cost to Obtain UAE Golden Visa?  The 10-year golden visa in UAE cost typically ranges from AED 2,800 to AED 4,800 depending on whether you apply inside or outside the UAE. Besides the golden visa cost, other costs should also be taken into consideration, including:  Cost of medical test: AED 700 approx.  Emirates ID fees: AED 1,150  These are estimated figures, and the actual cost may vary depending on specific circumstances. Additional fees might apply depending on your chosen category and emirate.  Golden Visa Dubai Benefits  The UAE Golden Visa offers a variety of attractive benefits for those who qualify, this includes:  1. Long-Term Residency  Unlike standard UAE visas that require frequent renewals, the Golden Visa grants residency for a significant period, typically 10 years. This allows you to establish yourself in the UAE with greater stability and peace of mind.  2. Greater Freedom of Movement  Compared to standard visas that often require you to stay in the UAE to maintain validity, the Golden Visa offers more flexibility. You can travel outside the UAE for extended periods without jeopardizing your residency status.  3. Tax Advantages  The UAE has no federal income tax on individuals. While some emirates levy specific taxes, Golden Visa holders may enjoy potential benefits depending on the chosen emirate and their business activities.  4. Exciting Business Opportunities  The Golden Visa opens doors to exciting business opportunities in the UAE’s thriving economy. You can invest in property, establish a business on the mainland with full ownership rights, or network with potential investors and partners.  5. Family Sponsorship  Golden Visa holders can sponsor their spouse and children (including dependents exceeding the usual age limit) for residency in the UAE. This allows
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Business Setup in Sharjah

Business Setup in Sharjah: Process, License, & Cost

Sharjah is the third-largest emirate in the United Arab Emirates (UAE) and is rapidly emerging as a hub for entrepreneurs and investors. Sharjah is very well known for its cultural heritage, stunning landscapes, and business-friendly environment. Business setup in Sharjah offers numerous benefits, including tax advantages, access to a skilled workforce, and proximity to key markets in the Middle East and beyond. Understanding the process and requirements for business setup in Sharjah is crucial for any aspiring entrepreneur. From selecting the right type of license to understanding local regulations and procedures, there are several steps involved in setting up a business in Sharjah. So, let’s take a close look at how to set up a business in Sharjah, the process, type of license, cost and more. Why Choose Business Setup in Sharjah, UAE? There are several advantages to setting up a business in Sharjah, UAE, both in the Sharjah mainland and the emirate’s free zones. Here are some of the key benefits: 1. Strategic Location Sharjah is strategically located between Europe, Asia, and Africa which makes it a prime location for businesses looking to access markets in these regions. 2. Business-Friendly Environment Sharjah has a reputation for being entrepreneur-friendly. The government implements policies that encourage foreign investment and support business growth.  3. Tax Advantages Depending on the location (Mainland vs. Free Zone) there can be exemptions on corporate and personal income tax, import and export duties, and minimal ongoing operational costs. 4. 100% Foreign Ownership In the Free Zones and for many business activities in the Mainland, foreign investors can have complete ownership of their businesses. 5. Skilled Workforce The UAE, including Sharjah, has a highly skilled and multicultural workforce. The government has invested in education and training programs to ensure the availability of skilled professionals across various industries. 6. Variety of Business Structures Businesses have the flexibility to choose from various legal structures, including LLCs, sole proprietorships, and partnerships which allows them to pick the one that best suits their needs. Types of Business License Available in Sharjah Sharjah offers several business licenses to cater to different business activities. Here are the main types: 1. Commercial License This is the most common type of license, required for businesses involved in trading activities such as import, export, retail, and wholesale. 2. Industrial License This license is required for businesses involved in manufacturing or industrial activities, such as the production and packaging of goods. 3. Professional License If your business provides professional services like consulting, accounting, or legal services, you will need a professional license. 4. Tourism License Businesses operating in the tourism sector, such as hotels, travel agencies, and tour operators, require a tourism license. The specific requirements and activities covered under each license can vary, so it’s advisable to consult with the Sharjah Department of Economic Development (DED) or a business setup specialist at Shuraa for detailed guidance. Types of Business Setup in Sharjah: Mainland & Freezone Sharjah, like other emirates in the UAE, provides two main avenues for business establishment: the mainland and the free zones. Each offers distinct business structures with its own set of advantages and requirements. 1. Mainland Company Limited Liability Company (LLC) is the most popular choice which allows multiple shareholders (up to 100) with limited liability proportional to their investment. Requires a local Emirati sponsor who holds a majority share (usually 51%) unless operating in specific government-approved sectors that allow 100% foreign ownership. Ideal for businesses that want to operate within the UAE market and participate in government tenders. Grants access to the entire UAE market and allows trading locally. Generally more regulations compared to free zones. 2. Freezone Sharjah boasts multiple free zones, each specializing in specific industries.  Similar to an LLC, a Free Zone Company (FZC) allows full foreign ownership (100%), ideal for complete control by foreign investors. The business operates within a designated free zone area in Sharjah. Primarily restricted to trading outside the UAE (though some free zones allow limited local sales with additional licenses). Less stringent regulations compared to the mainland. Documents Required For Company Formation in Sharjah The documents required for business setup in Sharjah will vary depending on whether you choose the mainland or a free zone. However, here is the general requirements: Passport copies of all company shareholders and directors. Passport-size photographs Business plan Application form Trade name reservation certificate Local Sponsor Agreement (if applicable) Memorandum of Association (MOA) No Objection Certificate (NOC) (if applicable) Bank reference letter How to Set Up a Business in Sharjah?  Company formation in Sharjah involves several steps, including: 1. Define Your Business Activity Business Activity: Clearly define the activities your business will undertake. Research and identify the appropriate business license category. 2. Choose your Legal Structure Decide on the structure (LLC, sole proprietorship, etc.) that best suits your ownership and liability needs. For the mainland, you may need to consider the local sponsor requirement for certain categories. 3. Trade Name Choose a unique and available trade name. You can check name availability through the Department of Economic Development (DED). 4. Business Registration For the mainland, register your trade name and company structure with the DED. This might involve submitting documents like a Memorandum of Association (MOA) for an LLC. For Free Zone, register your business with the chosen free zone authority. Each free zone may have specific requirements for registration. 5. Obtain Licenses and Permits Apply for the relevant business license based on your activity (commercial, industrial, professional etc.). Depending on your business activity, you might need additional permits from specific government entities. 6. Open a Corporate Bank Account Open a corporate bank account in a local bank in Sharjah. Provide the bank with the necessary documents, including the company registration certificate, establishment card, and passport copies of shareholders. 7. Visa Processing Apply for residency visas for company shareholders, employees, and dependents through the General Directorate of Residency and Foreigners Affairs (GDRFA) in Sharjah. Visa requirements may vary depending on the business structure and nationality of individuals. Consult
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Cost of a Trade License in Dubai

What is the Cost of a Trade License in Dubai?

If you’re thinking about starting a business in Dubai, one of the first things you’ll need to consider is obtaining a trade license. A trade license in Dubai is a legal document that allows a business to operate in a specific industry or location. It is a crucial requirement for all businesses in Dubai, ensuring that they are operating within the law and contributing to the local economy.  Trade license acts like a government-issued ID, specifying the activities your company is authorized to conduct. Without it, you simply can’t operate legally. Now, the question on every entrepreneur’s mind is: how much does a trade license cost in Dubai? The answer, like Dubai itself, is dynamic. While there are base fees involved, the overall cost can vary depending on your specific business activities and chosen legal structure. Therefore, we are here to explore everything you need to know about a Trade license in Dubai, how to obtain one, and all the costs involved, so you can make informed decision for your entrepreneurial journey. What is a Trade License in Dubai? A trade license in Dubai is basically a permit issued by the Dubai government that allows you to legally conduct business activities within the city. It’s like an official stamp of approval saying you meet all the regulations and requirements to operate a business there. Why is it necessary for businesses? It gives your business legal sanction to operate. Without a license, your business would be considered illegal and you could face fines or even closure. A trade license also signifies that you’ve gone through the proper channels and met government standards. This can help build trust with potential customers, partners, and investors. Types of Trade Licenses Available in Dubai There are different types of trade licenses available in Dubai, each catering to a specific kind of business activity. Here are the main license types: 1. Commercial License This is the most common type of license, issued to businesses involved in buying and selling goods, commodities, or services. This can include trading companies, retail stores, import-export businesses, and restaurants. Read More: Commercial License in Dubai 2. Industrial License This license is required for businesses that are involved in manufacturing or industrial activities. This includes things like factories, workshops, and assembly plants. Read More: Industrial License in Dubai 3. Professional License This license is for businesses and professionals providing services that depend on their academic qualifications and technical skills. This could include architects, engineers, lawyers, consultants or any other businesses offering professional services. Read More: Professional License in Dubai 4. Tourism License This license is specifically for businesses operating in the tourism sector, such as travel agencies, tour operators, or companies offering various tourism-related services. Read More: Tourism License in Dubai 5. Agriculture License This is a specialized license issued to businesses involved in agricultural activities like farming, fishing, and animal husbandry. To know which trade license would be suitable for your business activity, get in touch with business setup experts at Shuraa. They’ll help you find the right one based on your business needs. How to Obtain a Trade License in Dubai? Obtaining a trade license in Dubai involves several steps, depending on the type of business you wish to establish and its location (mainland, free zone, or offshore). Here’s a general guide to help you through the process: 1. Choose a Business Name Pick a unique and appropriate trade name that complies with UAE naming regulations. You can check name availability through the Department of Economic Development (DED) of Dubai. 2. Define Your Legal Structure Decide on the legal structure of your business, such as a sole proprietorship, limited liability company, or branch of a foreign company. Each structure has its own requirements and implications. 3. Define Your Business Activities Identify the specific business activities your company will be engaged in. This will determine the type of trade license you need to apply for (e.g., commercial, professional, tourism). 4. Gather Required Documents Assemble the necessary documents, which typically include your passport, visa, business plan, tenancy agreement (if required), and other permits (if applicable). 5. Apply for a Trade License Once you have everything in order, submit your completed application form and all the required documents to the DED. This can be done electronically or in person. There are associated fees for processing your application and obtaining the trade license. Make sure to settle these fees. 6. Obtain Additional Approvals (if needed) Some business activities might require approvals from other government departments in addition to the DED. This could involve permits from health authorities for restaurants or environmental agencies for factories. 7. Obtain the Final License After processing and approval, you’ll receive your official trade license electronically or through mail. This signifies your authorization to operate your business in Dubai. If you choose a free zone, the process is similar but typically involves fewer steps since free zones streamline many requirements, and you deal directly with the free zone authority. What is the Cost of a Trade License in Dubai? The cost of obtaining a trade license in Dubai generally ranges from AED 8,050 (around USD 2,200) to AED 32,000 (around USD 8,700). However, the overall cost of setting up a business can vary depending on several factors, including the type of business activity, the business structure, the location (mainland or free zone), and additional permits or approvals required. On top of the license fee, there might be additional costs such as: DED registration fee Knowledge and innovation fees Dubai Chamber membership fees (if applicable) Business center fees (if applicable) Factors Influencing the Cost of a Trade License in Dubai Here are some of the key factors that can influence the cost of a trade license in Dubai: 1. Type of Trade License Different licenses have varying base fees set by the government. For example, a Commercial License, allowing for trading activities, will typically cost more than a DED Trader License, which caters to home-based businesses with limited activities. 2.
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Car Wash Business in UAE

How to Start a Car Wash Business in UAE?

Do you think a car wash business is profitable in Dubai? The answer is yes. The car washing business can be profitable in just 1-2 years. The Emirati population has a luxurious car owned by them. In the coming year, it is expected that the vehicle growth per 1000 UAE people is expected to be around 8.19% by 2028, as per the reports.   Starting a car wash business in the UAE is a profitable market expanding yearly. Before starting a car wash business in the UAE, you must note many things. The car wash business in Dubai requires proper planning, research, preparation and documentation.   Proper market research is necessary to find the perfect location for your business, get the necessary permits, buy the right equipment, and more. Shuraa can you help with this process.   Our experts at Shuraa Business Setup are well-trained experts who will help you start a car wash business in Dubai. We can help you to get the required Car Wash Business license in Dubai.   Key Points of Car Wash Service Demand in the UAE  The demand for car wash services in the UAE is increasing due to several factors:  Status and Presentation  Having a neat and clean car helps you to maintain your image. Imagine you going on a meeting or a date. Somewhere the people around you will surely notice your dirty vehicle.  Imagine what impact it will create. So, car owners focus on regular, high-quality cleaning and detailed servicing of their cars.   Climate of UAE  The hot temperature of UAE can ruin the paint of your cars. To maintain the car’s appearance, you must clean the vehicle. Cleaning your car is important as it changes the whole appearance of your vehicle.   UAE is a desert area, and the car wash helps to remove the sand and debris from your car. It also keeps your vehicle in good condition and lasts longer.   Tourism Boom  The UAE is a place for the Tourism industry. Approximately 12 million people come to the UAE to travel and explore. Many tourists demand that they rent a car to explore areas in the UAE, and renting a car is easy in Dubai.   Rental companies need car wash services to keep their cars clean and presentable for customers.   Busy Lifestyles  Businessmen and other wealthy people don’t have time to clean their cars daily. A car cleaning business can help you clean your vehicle. During these times, there has been a higher demand for convenience and time-saving professional car wash services.   Services are important for your cars to work for a longer period. It doesn’t just help your car look good but also increases the car’s life.   Types of Car Wash Business Models in the UAE  There are two types of car wash business models in the UAE  Manual Car Wash  Automatic Car Wash  Manual Car Wash  Many customers in the UAE prefer manual car washing. As manual car washes are popular with their skilled attendants, the services are provided manually for the cars. The equipment used in manual car washing are high-pressure water jets, specialised brushes, and cleaning agents. They even offer additional car services such as interior cleaning, vacuuming, and detailing the car’s cleanliness.   Automatic Car Wash  Nowadays, automatic car washing is becoming popular as it saves time and the work is done efficiently. In automatic car washing, the vehicles are cleaned with equipment like conveyor belts and robotic arms. The automatic car wash is Available in various formats like   On the other hand, automatic car wash facilities are gaining momentum due to their efficiency and speed. These facilities clean vehicles quickly and use state-of-the-art equipment, such as tunnel washes and self-serve stations. This mode of car washing helps you save time, and it’s easy peasy, too.   How to Start a Car Wash Business in Dubai?  The steps below will smooth out the process if you plan to start a car wash business in Dubai.   1. Select Your Business Activities The first step is to select your business activities for starting a car wash business in Dubai. You need to contact the Department of Economics Development (DED). DED will help you access the approved business activities.   If you need more clarification about your business activity and need help, you can contact us at Shuraa Business Setup for help with the necessary approvals. If any desired activities need to be listed, we will help you select your business activity.  2. Choose a Business Structure  Once you have selected your business activity, the next step is to choose a business structure. You can choose a sole proprietorship to operate as a single business owner, limited liability company, or LLC with multiple partners.   Each business structure has different implications for ownership and liabilities. Mostly, the entrepreneurs in UAE chose LLC as their business structure.   3. Choose a Business Name  The third step in starting a car wash business in Dubai is choosing a business name. Make a list of names that suit your business and submit them for further approval. The name should not reference God’s name or divine attributes in Arabic or English, such as Al Qader, Al Aleem, Al Razzaq, etc.  Follow the name guidelines, as many names are prohibited in the UAE. If you want to keep your name as your business name, you must use your full name.   Note: If you need clarification about your business’s name and are trying to decide what to keep, you can consult our experts at Shuraa.   4. Select Mainland or Free Zone Setup  You can choose between a Mainland and a Free Zone setup based on ownership control, operational flexibility, taxation, and setup costs.   The mainland provides local market access, while Free Zones offer 100% foreign ownership, tax incentives, and simplified procedures. However, free zones limit activities to those within or outside the UAE.  5. Choose a Location  The other important step is to find a food location to start a Car Wash Business in Dubai. According to Dubai laws, the
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How Can I Get a Food Truck License in Dubai?

Food trucks have become a popular dining option in Dubai, offering a wide variety of delicious and convenient meals to residents and tourists alike. From gourmet burgers to authentic street food, food trucks in Dubai cater to a wide variety of tastes and preferences. However, before you can hit the streets with your own food truck, you need to obtain a food truck license in Dubai.  Dubai is known for its high standards when it comes to food safety and hygiene, and this is no exception for food trucks. The Dubai Municipality has strict regulations in place to ensure that all food trucks meet these standards before they can operate.  From the cleanliness of the truck to the quality of ingredients used, every aspect of the food truck business is closely monitored to protect the health and well-being of consumers.  Here we will guide you on how to obtain a food truck license in Dubai, what are the standards you need to maintain, and requirements that aspiring food truck owners need to fulfill.  Why Start a Food Truck Business in Dubai?  Starting a food truck business in Dubai can be highly rewarding due to several benefits and opportunities that the city offers. Here are some key reasons:  1. Low Investment, High Return  Compared to traditional restaurants, food trucks require a significantly lower initial investment. This translates to quicker returns on investment to allow you to see profits sooner and reinvest in your business growth.  2. Mobility  This is a huge advantage. You can move your truck around to different parts of the city, finding areas with high foot traffic or catering to events.  3. Foodie Culture  Dubai has a large and diverse population that is always interested in trying new and exciting foods. This is a fantastic opportunity to introduce a unique cuisine or concept.  4. Event Opportunities  Dubai hosts numerous events, festivals, and markets throughout the year, which provide lucrative opportunities for food trucks to operate in high-traffic areas and generate substantial revenue.  5. Simpler Operations  Food trucks typically have a smaller menu and less staff than a full-service restaurant, which can streamline operations and potentially reduce overhead costs.  6. Become a Brand  Your food truck itself can be a marketing tool. With creative branding and a catchy concept, you can build a loyal following and establish a strong brand identity.  7. Technology Integration  Dubai is known for its advanced infrastructure and tech-savvy population. Food trucks can leverage technology for online ordering, mobile payments, and social media marketing to enhance customer experience and drive sales.  Which License is Required to Start a Food Truck Business in Dubai  To start a food truck business in Dubai, you will need a trade license issued by the Department of Economic Development (DED). The specific type of trade license you need depends on your business operations.  Professional License is typically suited for smaller businesses, including food trucks with a limited scope of operations. It may have limitations on the number of employees or business activities.  Commercial License offers more flexibility for larger businesses and allows for a wider range of commercial activities. However, it typically comes with a higher cost compared to a professional license.  Requirements to Start a Food Truck Business in Dubai  Starting a food truck business in Dubai involves meeting specific requirements to ensure compliance with local regulations. Here are the basic requirements:  Business Plan & Approvals   Licenses & Permits  HACCP Certification  Location Permits  How to Obtain a Food Truck License in Dubai?  Here is a step-by-step process to help you obtain a food truck license in Dubai:  1. Craft a Business Plan  Outline your food truck concept, menu, target market, financial projections, and marketing strategy. This plan will be crucial for securing approvals.  2. Trade Name Approval  Choose a business name and get it approved by the Department of Economic Development (DED). Also, submit your business plan to the DED for review and get their initial go-ahead.  3. Obtain HACCP Certification  This internationally recognized certification ensures your food handling practices adhere to the Hazard Analysis Critical Control Point standards. You’ll need to implement a HACCP plan in your food truck and get it certified by an accredited body.  4. Secure Dubai Municipality Approvals  The Dubai Municipality needs to approve your food truck’s design and ensure it meets its health and safety regulations. They will also likely inspect your planned central kitchen facility if you won’t be preparing food directly on the truck.  5.. Finalize Your Location Strategy  Decide where you plan to operate your food truck. You will need permits from the Roads and Transport Authority (RTA) for public spaces or agreements with private property owners for designated parking areas.  6. Trade License Application  Submit your business plan to the DED. They will assess its viability and grant you the initial go-ahead to proceed with obtaining the necessary licenses. Provide necessary documents, including   Completed application forms  Copies of your passport and visa  Passport-sized photographs  Business plan  DED approval  HACCP certification  Food truck design and layout approval  Proof of location permits (if applicable)  7. Acquire a Suitable Food Truck  This involves purchasing a commercially registered vehicle and outfitting it with the necessary equipment to prepare and serve your food according to safety standards.  8. Final Approvals & License  With DED approval and other certifications in place, apply for your official trade license from the DED. The specific type (commercial or professional) will depend on your business activities.   Consider consulting a business setup specialist in Dubai at Shuraa Business Setup. They can guide you through the process and ensure you meet all the requirements.  What is the Cost of a Food Truck License in Dubai?  The cost of a food truck license in Dubai generally starts from AED 12,999. However, the actual cost of the license may vary depending on company name registration, license issuance, a court sign, stamp fees, Tasheel service fees (government service processing), and RTA (Roads and Transport Authority) charges.  There might be additional fees involved depending
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Benefits of Starting a Business in Dubai

Benefits of Starting a Business in Dubai

Dubai is the commercial capital of the Middle East and is a city that offers endless opportunities for entrepreneurs looking to start their own businesses. In fact, according to recent statistics the UAE has been recognized as the most stable global economy, coupled with being ranked the 10th best ‘soft power’ in the world. This exceptional stability makes the UAE and especially Dubai an ideal destination for global investors. There are several key benefits to starting a business in Dubai. One of the most enticing factors is the tax-free environment, with no personal income tax, and restricted corporate tax. This alone can save businesses a significant amount of money compared to other countries. Additionally, Dubai’s strategic location provides access to markets in Europe, Asia, and Africa, making it an ideal base for businesses looking to expand internationally. These are just a few of the many reasons why Dubai is a dream destination for businesses of all sizes. If you’re an entrepreneur with a vision, explore these potential benefits of starting a business in Dubai. Why Start Your Business in Dubai? Dubai has become a global hub for entrepreneurs and businesses, and for good reason. Here are the key benefits to consider if you’re thinking of starting a business there: 1. Great Geographical Location Dubai is geographically well-positioned at the meeting point of Asia, Africa, and Europe. This makes it an ideal gateway to access a vast market and establish trade routes across continents.  Imagine your business having easy access to a large and diverse consumer base. 2. Business-Friendly Policies The Dubai government has made significant efforts to create a business-friendly environment. Streamlined bureaucracy, simplified regulations, and government support programs all contribute to a smoother experience for entrepreneurs. This allows you to focus on growing your business instead of getting bogged down in administrative hurdles. 3. Ease of Doing Business Dubai consistently ranks high in global ease of doing business indexes. The streamlined business setup process, efficient government services, and availability of professional support make it easier and faster to launch and operate your business compared to many other countries. This allows you to get up and running quickly and focus on growing your venture. 4. Ownership and Repatriation Unlike many other countries, Dubai allows foreign investors 100% ownership of their businesses for many business activities and in designated free zones. This provides greater control and flexibility in managing your operations. Furthermore, there are no restrictions on the repatriation of your profits to allow you to freely transfer your earnings back to your home country. 5. Relaxed Visa Regulations Dubai offers various visa options specifically designed to attract and retain foreign talent and investors. Foreign business owners can obtain residency visas that allow them to live and work in Dubai which makes it easier to manage their operations and build a local presence. 6. Tax Advantages Dubai provides a near-tax-free environment. There’s limited corporate income tax, and personal income tax is exempt. You only pay a 5% Value Added Tax (VAT), which is significantly lower than what most businesses pay elsewhere. This translates to significant cost savings that can be reinvested in your business. 7. World-Class Infrastructure Dubai is known for its state-of-the-art infrastructure, including world-class airports, a well-developed road network, and advanced communication technology. This robust infrastructure ensures your business has the foundation for efficient operations and seamless logistics. 8. Cutting-edge events and Conferences Dubai regularly hosts major international events, conferences, and trade shows across various industries. Participating in these events allows entrepreneurs to network with potential clients, investors, and partners on a global scale.  This exposure can open doors to new business opportunities and collaborations. 9. Focus on Technology & Innovation Dubai is rapidly positioning itself as a global hub for technology and innovation. Initiatives like Dubai Silicon Oasis and Dubai Science Park provide co-working spaces, research facilities, and access to funding specifically for tech startups. This can be a significant advantage for foreign entrepreneurs in tech-driven sectors seeking to be at the forefront of innovation. 10. Diverse and Skilled Workforce Dubai’s diverse population is one of its key strengths, with expatriates making up a significant portion of the workforce. This diversity brings a wealth of skills, experiences, and cultural perspectives, which brings innovation and creativity. The city attracts talented professionals from around the world, facilitated by favourable immigration policies and high living standards. 11. Intellectual Property Protection Dubai has a robust legal framework that protects intellectual property rights, including patents, trademarks, and copyrights. This is crucial for businesses with innovative products or services to ensure they can benefit from their creations without fear of infringement. 12. Growing E-commerce Market The e-commerce market in Dubai is rapidly growing. This presents a significant opportunity for entrepreneurs in the online retail, logistics, and digital marketing sectors. By establishing a presence in Dubai, you can tap into this growing market and reach a wider customer base across the region. How to Start a Business in Dubai? Here’s the step-by-step process to start a business in Dubai: 1. Define Your Business Activity First, pinpoint exactly what your business will do in Dubai. This will determine the type of business license you need to apply for. 2. Choose Your Business Structure Decide on the legal structure of your business. This could be a sole proprietorship, limited liability company (LLC), or another option depending on your needs. 3. Select a Trade Name and Location Brainstorm and register your desired trade name. Then, choose a strategic location for your business operations in Dubai. 4. Apply for Initial Approval Obtain initial approval from the Department of Economic Development (DED) to ensure no objections exist regarding your business activity. 5. Register Your Business and Obtain a License Register your company and apply for the appropriate business license based on your activity (commercial, industrial, professional). 6. Secure Visas and Work Permits If you plan to hire employees or operate as a resident entrepreneur, you’ll need to apply for visas and work permits for yourself and your staff. 7.
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Business Setup in Ajman Mainland

Business Setup in Ajman Mainland

Did you know that Ajman is the smallest of the seven emirates that make up the United Arab Emirates, yet it has a thriving business landscape that is attracting entrepreneurs from around the world? The Emirate of Ajman is experiencing a surge in business activity, with a recent report showing a 7% increase in tourism revenue in the first quarter of 2024. This growth isn’t limited to tourism – Ajman’s mainland is rapidly becoming a hub for entrepreneurs and established businesses alike.  Business setup in Ajman Mainland offers an incredible opportunity including strategic location, business-friendly environment, and competitive costs.  If you’re an entrepreneur and considering setting up your business in Ajman Mainland, we will explain essential information about the company formation process, licensing, benefits, and costs involved.  Why Choose Business Setup in Ajman Mainland?  There are several reasons why a business setup in Ajman Mainland a good choice for entrepreneurs might be. Here are some of the benefits and opportunities:  1. Cost-effective Compared to other emirates like Dubai, Ajman Mainland offers lower business setup costs, including renting office space and attracting foreign labour.  2. 100% Foreign Ownership In specific business activities, Ajman Mainland allows for full foreign ownership, meaning you won’t need a local Emirati partner to start your business.  3. Strategic Location Ajman is situated on the Arabian Gulf coast and provides excellent connectivity by air, sea, and land, making it a good spot for import/export businesses.  4. Supportive Government The Ajman Department of Economic Development (DED) is known for its streamlined processes and assistance for businesses. They offer guidance and support throughout the setup process.  5. Proximity to Free Zones Ajman Mainland is close to several Free Zones, which can be beneficial if your business needs a combination of mainland and free zone advantages.  6. Emerging Market Potential Ajman’s economy is rapidly growing, particularly in sectors like real estate, construction, and tourism. Setting up your business here positions you to tap into this exciting growth potential.  7. Tax Advantages There are zero corporate and personal income taxes in Ajman Mainland which makes it an attractive option for businesses looking to maximize their profits.  Types of Business Licenses Available in Ajman Mainland Ajman Mainland offers several business licenses catering to different business activities.  1. General Trading License The license is ideal for businesses involved in importing, exporting, and trading goods within the UAE. This license covers a broad range of products, but some specific categories may require additional approvals.  2. Industrial License This license is required for businesses engaged in manufacturing or industrial activities within Ajman Mainland. It allows for the production, storage, and distribution of manufactured goods.  3. Professional License This license is suitable for businesses offering professional services like consultancy, engineering, design, or legal services. The specific requirements for this license may vary depending on the chosen profession.  4. E-Commerce License  This license caters to businesses operating solely online to allow them to sell goods and services through e-commerce platforms. It streamlines the process for online businesses compared to a General Trading License.  Besides these common licenses, Ajman Mainland may offer more specialized licenses for specific sectors like tourism, education, or healthcare.  How to Setup a Business in Ajman Mainland? Setting up a business in Ajman Mainland as a foreign entrepreneur involves several steps. Here’s a general guide to help you through the process:  1. Choose a Business Activity  Research and identify the specific business activity you want to operate in Ajman. The Ajman Department of Economic Development (DED) has a website listing approved activities.  2. Decide on the Legal Structure Common options include:  Limited Liability Company (LLC): Popular choice with limited liability protection for shareholders.  Sole Establishment: Ideal for single owners with full responsibility for liabilities.  Branch of a Foreign Company: Suitable for establishing a branch of your existing foreign company.  3. Register Trade Name  Choose a trade name for your business and ensure it meets the naming criteria set by Ajman DED. Submit the trade name application to Ajman DED for approval. The name must be unique and not already in use.  4. Prepare Required Documents The documents required may vary depending on your chosen structure but typically include:  Passport copies of shareholders and directors  Business plan  Visa application forms (if applicable)  Lease agreement for your office space  5. Apply for a Business License Submit your application along with the required documents and fees to the Ajman DED. The DED will process your application and issue a trade license upon approval. Certain business activities might require additional approvals from relevant government departments. Our business consultant can advise on this step.  6. Secure a Physical Office Space Lease or purchase a commercial space in Ajman Mainland that meets your business needs. The DED may require a lease agreement as part of the application process.  7. Open a Corporate Bank Account Choose a bank in the UAE and open a corporate bank account. You’ll need your trade license, MOA, and other company documents for this process.  8. Visa Processing  Apply for visas for you, your employees, and any dependents. This involves obtaining an establishment card from the Ministry of Human Resources and Emiratisation (MOHRE) and applying for entry permits, medical tests, Emirates ID, and residency visas.  Setting up a business in Ajman Mainland involves a series of structured steps, from choosing the business activity to obtaining the necessary approvals and licenses. While the process may seem complex, working with a business setup consultant at Shuraa can simplify it and ensure compliance with all local regulations.  How Much Does It Cost to Start a Company in Ajman Mainland?  The Ajman mainland license cost generally starts around AED 12,000*. This is the core expense and depends on your chosen business activity and legal structure. However, the overall cost of business setup in Ajman Mainland can vary depending on several factors, including:  Business activity  License type  Visa fees  Office space  Location of your business  Government approvals  Bank account fees  Depending on your specific business activity, there may be additional
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Benefits of Free Zone Company in Dubai

What are the Benefits of Free Zone Company in Dubai?

Setting up a company in Dubai’s free zones can offer a wide range of benefits for entrepreneurs looking to start a business in the region. Free zones are designated areas where foreign investors can own 100% of their company, enjoy tax exemptions, and benefit from streamlined processes for licensing and registration. Understanding the benefits of free zone company in Dubai is crucial for anyone considering starting a business in this thriving city.  If you are a start-up or an established company, the opportunities that free zones provide can be a game-changer for your business success. Let’s explore the benefits of free zones company in Dubai.  What is a Free Zone Company?  A Free Zone Company, often referred to as a Free Trade Zone Company or Free Economic Zone Company, is a business entity established within a designated geographical area where goods and services can be traded, stored, manufactured, or handled without the typical customs regulations, import/export duties, or other restrictions that might apply in the rest of the country.   These zones are established by governments to promote economic activity, attract foreign investment, and facilitate international trade.  Free Zone Companies in Dubai can engage in a wide range of activities including trading, manufacturing, logistics, services, and more.  Top Freezones in Dubai  Here are some of the famous freezones in Dubai:  1. International Freezone Authority (IFZA)  IFZA is among the most popular choice entrepreneurs, offering a wide range of business activities and flexible company setup options. It provides an efficient and cost-effective platform for international businesses looking to establish a presence in Dubai.  2. Jebel Ali Free Zone (JAFZA)  One of the oldest and largest free zones in Dubai, JAFZA is known for its industrial and logistics facilities. It accommodates various industries including manufacturing, trading, and services.  3. Dubai Multi Commodities Centre (DMCC)  DMCC is a Free Zone focused on commodities trading, particularly gold, diamonds, and other precious metals. It also houses businesses in the financial, technology, and other sectors.  4. Dubai Airport Free Zone (DAFZA)  Located near Dubai International Airport, DAFZA primarily serves companies involved in aviation, logistics, and light manufacturing. It offers state-of-the-art facilities and streamlined processes for businesses.  5. Dubai Silicon Oasis (DSO)  DSO is a technology park and Free Zone dedicated to the semiconductor, microelectronics, and other technology-related industries. It provides infrastructure and support services for tech companies.  6. Dubai Internet City (DIC)  DIC is a Free Zone focused on the information and communication technology (ICT) sector. It hosts a wide range of companies including software development, IT services, and digital media.  Benefits of Free Zone Company in Dubai  Setting up a Free Zone Company in Dubai offers several benefits, making it an attractive option for both local and foreign investors. Here are some of the key advantages:  1. 100% Foreign Ownership  One of the most significant benefits of establishing a Free Zone Company in Dubai is that foreign investors can own the entire business without the need for a local sponsor or partner. This allows for full control over the company’s operations and decision-making processes.  2. Import and Export Duty Waivers  Goods imported into the free zone and then re-exported are typically exempt from customs duties. This simplifies trade and reduces costs.  3. Repatriation of Profits  Free Zone Companies are generally allowed to repatriate 100% of their profits and capital without any restrictions. This means that investors can freely transfer funds in and out of the country.  4. Simplified Company Setup  The process of setting up a Free Zone Company in Dubai is relatively straightforward and efficient compared to establishing a business outside the Free Zone. Free Zone authorities often provide streamlined procedures, online registration portals, and dedicated support services to assist investors throughout the setup process.  5. Diverse Options  Dubai boasts a variety of free zones catering to specific sectors like technology, media, or finance, allowing you to choose the one that best suits your needs.  6. Tax Exemptions  Free Zone Companies in Dubai are typically granted tax exemptions for a specified period. This includes corporate income tax, personal income tax, import and export taxes, and customs duties on goods and services.  7. Modern Infrastructure and Facilities  Free Zones in Dubai offer state-of-the-art infrastructure, world-class facilities, and advanced technological amenities to support various industries and business activities. This includes office spaces, warehouses, manufacturing facilities, logistics hubs, and access to transportation networks.  8. Government Support  The Dubai government is highly committed to attracting foreign investment and business growth. Free zone companies often benefit from government initiatives, grants, and programs that can accelerate their success.  9. Gateway to the Middle East and Africa  Dubai acts as a geographical bridge between Asia, Africa, and Europe.  A Free Zone Company here positions you perfectly to tap into these growing markets with minimal logistical hurdles.  10. Proximity to Major Events  Dubai is a global hub for major events like international conferences, trade shows, and exhibitions. A Free Zone Company here allows you to leverage these events for networking and promoting your business to a wider audience.  11. Lifestyle Advantages  Dubai offers a high quality of life with a cosmopolitan atmosphere, excellent safety standards, and a diverse population. This can be a major draw for attracting and retaining top talent, especially for international employees.  12. Innovation Ecosystem  Dubai actively promotes a culture of innovation. Many free zones are designed to attract cutting-edge companies and provide resources like incubators, co-working spaces, and access to venture capital. This can be a huge advantage for businesses looking to develop new technologies or disrupt their industries.  How to Setup a Freezone Company in Dubai?  Setting up a Free Zone Company in Dubai involves several steps. Here’s the general process:  1. Define Your Business Activity  First, identify the specific business activities you plan to undertake. This will help determine the most suitable free zone and license type.  2. Choose Your Free Zone  Dubai has over 40 free zones, each with its own focus and benefits. Consider factors like proximity to clients, infrastructure offered, and ease of
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start a Forex trading company in Dubai

How to start a Forex trading company in Dubai?

The forex market, or foreign exchange, is the globe’s largest and most liquid financial arena. Daily trades reaching trillions of dollars create a landscape with the potential for investors to capitalise on currency price shifts. This presents a chance for daily returns and strategic future investment planning. Establishing a forex trading company in Dubai emerges as a lucrative opportunity, given the city’s expansive business sector and the substantial support extended by the UAE government. Nevertheless, prospective entrepreneurs often need clarification on the legality of forex trading in Dubai. In this blog, Shuraa Business Setup will guide you to start a forex trading company in Dubai.   Is Forex Trading Company in Dubai legal?  Indeed, forex trading is entirely legal in the UAE. Given the significant expatriate population, there’s a substantial demand for transferring funds back to home countries, leading to a proliferation of forex service providers in the country.  Dubai, in particular, has emerged as a focal point for forex trading firms, owing to its advantageous geographical location, business-friendly atmosphere, and modern infrastructure. Its status as a global financial hub makes it an appealing destination for companies seeking to establish a foothold in the Middle East and beyond.  You can establish your desired company within the DIFC (Dubai International Financial Centre), a free zone offering independent jurisdiction advantageous for investors. Alternatively, you can opt for the mainland region, which provides diverse opportunities and promising returns on investments within the UAE.  Types of Licenses Required for Starting a Forex Trading Company in Dubai  The specific license you’ll need to initiate a forex trading venture in Dubai hinges on your business model. Here are two standard options:  1. DMCC License (Category 3) This license suits companies intending to trade forex using their capital. It’s classified as a professional license and does not permit handling client funds. Opting for a DMCC license offers a simpler and more cost-effective route than obtaining a DIFC license.  2. DIFC License (Category 3A) The Brokerage License within Category 3A enables firms to trade forex, commodities, and derivatives. Issued by the Dubai Financial Services Authority (DFSA), it is designed for companies providing forex brokerage services, including the management of client funds. Acquiring this license entails stricter regulatory requirements and carries a higher cost than the DMCC license.  How do you start a Forex trading company in Dubai?  Venturing into the lucrative forex trading industry in the UAE might seem daunting, but with the proper guidance, you can navigate the process smoothly. Follow these steps to kickstart your forex trading business in Dubai:  1. Conduct Market Analysis Start with a thorough market analysis to grasp the nuances, risks, and opportunities inherent in forex trading. Leverage digital resources to access a wealth of information at your fingertips. Alternatively, consult reputable forex brokers like Shuraa Business Setup for comprehensive insights tailored to your needs.  2. Assess Your Objectives Define your trading goals and timeframe realistically. Novices should avoid high-stakes trading, while experienced traders should prioritise finding a reliable broker offering robust trading platforms and keeping abreast of policy changes. Always align your strategy with your objectives before pursuing a forex trading license in Dubai.  3. Select a Business Location You can choose between various free zones and mainland options in the UAE, each offering distinct advantages and requirements. Popular choices include the Dubai Multi Commodities Centre (DMCC) and the Dubai International Financial Centre (DIFC).  4. Register Your Company Complete the necessary company registration procedures with the relevant authorities according to your chosen location. This typically involves obtaining a trade license and opening a corporate bank account. Depending on your location, you may require a local sponsor.  5. Choose a Reputable Broker Ensure the broker you select holds legal accreditation from a government agency to avoid fraudulent practices. The UAE government imposes strict penalties on unscrupulous brokers, underscoring the importance of due diligence. Opt for a broker licensed and regulated by reputable authorities such as the Securities and Commodities Authority (SCA). Evaluate whether the broker operates as a market maker or utilises an Electronic Communication Network (ECN). Additionally, scrutinise the broker’s leverage and margin policies. Request a demo account to familiarise yourself with the broker’s trading platform before making a final decision for your forex trading company.  6. Acquire the Forex Trading License You need to approach the DFSA (Dubai Financial Service Authority) to obtain the forex license for your forex trading company. It has an independent legal framework and duly monitors the trading of commodities, international equities, exchange, etc., in the country.  Moreover, DFSA also runs a company fit test to check the credibility of brokerage firms. It issues the license only when it finds you capable enough to run a forex trading company.   7. Start Trading with Your Forex Account Get started with your live-funded account to begin forex trading. Devise an educated trading plan and stick to it during your trading tenure. Always remember that there’s no substitute for hard work.  Therefore, leave no stone unturned before investing your money, and when you do, you’ll gain decent profits right from the start. Be it high-capitalization stocks or cryptocurrencies; you can trade in your favourite stream using a forex trading license.  Benefits of Forex Trading in Dubai Like other business sectors, forex trading is also profitable in Dubai. Numerous forex trading companies have made a name for their brands in the marketplace. The following Advantages ensure that your venture is hassle-free and a profitable one:  1. Flexible Business One significant benefit of forex trading is that you can do it anytime, anywhere, without much effort. You only need an electronic device like a computer or a mobile phone with good internet connectivity. You can trade in foreign exchange with these minimum requirements.  Furthermore, you can trade in foreign exchange irrespective of market conditions. Even in a recession or bearish period, an investor can make profits. With high liquidity and low transaction costs, the risk involved in forex trading is manageable.  2. Business in a Strong Economy and Tax Benefits Dubai’s
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