Business Dubai

Financial Consultancy License in Dubai

How to Get a Financial Consultancy License in Dubai?

Numerous businesses on the Dubai mainland and free zones offer considerable opportunities for a profitable financial consulting firm. Such a firm has experience assisting entities with reliable information and sound counsel tailored to meet their financial needs. However, for that, a financial consultancy license in Dubai is the very first prerequisite. Without a license, you cannot offer any services in Dubai. In fact, under the Instant Licenses initiative in Dubai, over 19,000 businesses were granted professional licenses till May 2022. So, if you want to know how to get a financial consultancy license in Dubai, this blog is for you. We’ll walk you through the complete process of getting a consulting license for your firm, including the paperwork and expenses. What Are the Benefits of Starting a Financial Consultancy in Dubai? Here are some benefits of starting a financial consultancy in Dubai: You have a potential clientele for your financial consulting services or investment firm in Dubai because of the city’s abundance of family businesses and ultra-high net worth individuals. Besides, the demand for top financial consulting firms is increasing as business establishments in Dubai rise. The UAE‘s exceptional ease of doing business eases establishing and running a licensed financial consultancy there. Moreover, the setup procedure is digitised and thus takes only a brief time. The UAE government has a history of supporting policies advantageous to various industries. For instance, DIFC plans to establish a Global Family Business and Private Wealth Centre in Dubai, expecting to draw family businesses and high-net-worth individuals from local and international markets. The UAE has the most skilled labour force in the world, with specialists in many different industries. Dubai offers a first-rate transit system, amenities, and technology breakthroughs. Your financial consulting firm can leverage these benefits, especially the technological solutions, to ease the analyses involved in your services. The UAE has been revising its visa policies to accommodate UK businesspeople. You can thus open corporate bank accounts and obtain visas with ease. Also, these visa amendments help recruit and retain skilled workers. You can have 100% ownership of your financial business in Dubai. Moreover, you can repatriate profits completely and enjoy almost no taxes. What Documents Do You Require to Get a Financial Consultancy License? Opening a financial consultancy is simple and requires minimal paperwork in Dubai. The relevant authorities will issue you a consultancy license in Dubai for your financial firm once they have confirmed the accuracy of your papers.   The following are some of the documents needed for every business license in Dubai: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages Depending on your preferred location and company structure, you may require a few additional documents in addition to those listed above. Furthermore, depending on the financial services you plan to provide, you could need specific approvals and certificates.  Note that a complete set of documents might speed up the license issuance process. Our consultants can help you with a detailed list of required and supplementary documentation for a financial consultancy license. How to Get a Financial Consultancy License? Since a financial consulting firm handles the financial aspects of various businesses, the work comes with many responsibilities. You need to be qualified and credible to get a license in the first place. Once you have obtained it, you can legally provide financial consulting services to organisations, including determining their financial situation, analysing their investment strategies, and locating and assessing capital growth alternatives. Following is a step-by-step guide for obtaining a financial consultancy license in Dubai: 1. Register the Name  You would first need the company name registration of your financial consulting business. Decide a suitable name for your financial consulting company, and then register it with the appropriate authorities. Following the UAE company naming regulations and name availability, our consultants can assist you with registering your company name. 2. Decide Your Company Structure When submitting your paperwork to apply for a financial consultancy license, you need information about your intended corporate structure. So, choose a company structure for your financial consultancy business based on its legal status. In Dubai, your company structure could be a sole proprietorship, a Limited Liability Company (LLC), a public or private partnership, or a foreign or GCC company’s branch. 3. Choose a Location You can establish your financial consulting business either on the Dubai mainland or in one of the free zones. So, choose a location based on your business requirements.  A few free zones specialise in handling finance-related businesses. For example, DIFC is the financial hub. On the other hand, some free zones have mixed sets of companies, such as the Meydan Free Zone. It houses trading companies, import-export businesses, consultancy and professional services, advertising and marketing firms, and so on. Therefore, confirm that the location you are considering has the necessary infrastructure for a financial consultancy to operate effectively. Furthermore, the price of your business license will vary depending on where you decide to run a business. For this reason, when selecting a location, consider your budget. Upon choosing a location, start looking for a physical office space. As you may need to rent or lease an office, evaluate your budget. Once you’ve chosen a location, you’ll need to sign a rental or lease agreement. 4. Apply for the License  Now, it’s time to apply for a financial consultancy license. Since your financial consulting firm will render services, apply for a professional license.  So, select the relevant license and submit the required papers. Then, pay the license fee. Furthermore, the Security Commodity Authority (SCA) must grant pre-approval in the UAE. Our professionals can help you obtain each document you need to get a financial consultancy license. 5. Get Your License The relevant authorities will issue you a financial consulting license if you complete the preceding stages and your paperwork is accurate and valid.  Once your financial consultancy has obtained a license, you are authorised to lawfully carry out all your intended services and routine business activities. It may include
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management consultancy license in Dubai

How to Obtain a Management Consultancy License Dubai?

The UAE’s favourable environment for UK entrepreneurs offers ample scope for management consulting businesses. It is designed for those with in-depth knowledge about a specific field who would like to act as consultants to the firms in this field. And a management consultancy license Dubai is the first and foremost requirement.  A business license is a requirement that every business entity must fulfil. Once you’re a licensed business, you can legally assist various businesses through your consulting services and set the ball rolling. So, if you’re wondering how to get a management consultancy license Dubai, this blog is for you. We’ll walk you through the entire process of becoming a licensed management consulting firm, including the documentation and costs. What Are the Benefits of Starting a Management Consultancy in Dubai? Here are some benefits of starting a management consultancy in Dubai: Starting and running a licensed management consultancy in Dubai are convenient tasks, thanks to the UAE’s outstanding ease of doing business. The setup process is digitised, consuming a short duration. The UAE’s talented workforce can help you manage administrative details, complete the actual consulting assignments, and so on. As work processes become more expansive and the UAE’s economy becomes increasingly globalised, the necessity for good management consulting firms has never been greater. Dubai houses a variety of businesses. Your management consultancy would find many intellectually challenging responsibilities, adding to its skill set.  Dubai has an excellent infrastructure, technological advancements, transportation network, and amenities. Your licenced management consultancy will face no issues in getting the visas. The UAE has been modifying its visa rules to suit UK entrepreneurs. Also, you can easily open corporate bank accounts. You can have 100% ownership of your business consultancy in Dubai. Moreover, you can repatriate profits completely and enjoy almost no taxes. What Documents Do You Require to Get a Management Consultancy License? To obtain the license, you must proceed with arranging the required documents. You’ll need to submit these documents to the concerned authorities. Once they ensure the thoroughness, accuracy, and validity of your paperwork, they’ll grant you a consultancy license in Dubai for your management firm. Keep in mind that a complete set of documents can speed up obtaining a management consultancy license.  The following are some of the required documents: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages Apart from these documents, there are a few more documents you’ll need. The type of documents depends on your chosen location and company structure. Moreover, you may need certain approvals and certificates based on the business activities you’ve planned to undertake. Our consultants can provide you with a comprehensive list of necessary and supplemental documents and the additional prerequisites of a management consultancy license. How to Get a Management Consultancy Licence? Approaching potential clients and being able to share your consultancy licensing credentials increases your credibility. It also shows that you’re invested in and determined to achieve the management consultancy’s success. It makes the management consultancy license Dubai more useful and legally necessary. So, to start a licensed management consultancy in Dubai, you must follow some steps to acquire the management consultancy license Dubai. Following is the process for obtaining a management consultancy license in Dubai: 1. Register the Name  To get a management consultancy license, you’d first need to register the name of your management consulting business. So, choose a proper and legal consulting business name. Then, get it registered with relevant authorities. Note that company names are subject to availability. Thus, ensure you choose a unique name. Moreover, you must follow the UAE government’s naming guidelines to name your company to avoid any legal issues. Our experts can help you with your company name according to the UAE guidelines and name availability. 2. Decide Your Company Structure You’d need to specify your company structure when you apply for a management consultancy license in Dubai. Thus, decide on a company structure for your management consulting firm based on its legal existence, future goals, etc. In the UAE, your company structure could be a sole proprietorship, a Limited Liability Company (LLC), a public or private partnership, or a foreign or GCC company’s branch. 3. Choose a Location You can establish your management consulting business either on the Dubai mainland or in one of the free zones. So, choose a location based on your consultancy business requirements. You can check if your desired location allows running a management consultancy and has sufficient facilities for its smooth functioning. Once you decide on a location, look for a physical office space. Consider your budget as you’d need to rent or lease the place. 4. Apply for the License  After you’ve registered your consulting firm’s name, selected a company structure, and rented or leased a business location, it’s time to apply for the management consultancy license in Dubai. Since your management consulting company will render services based on intellectual abilities, you’ll need to apply for a professional license. So, select the relevant license, submit the required papers and pay the fee. You may need to submit additional documents such as your tourist visa, naturalisation book, and certain other approvals. Our professionals can help you obtain each document to get a management consultancy license in Dubai. 5. Get Your License If you’ve successfully chosen the name, structure, and location of your business and your paperwork is valid and accurate, the concerned authorities will grant you a management consulting license. Once your consultancy is licensed, you can legally carry out all your planned business activities and leverage government reforms and initiatives for UK entrepreneurs. What Is the Cost of Getting a Management Consultancy License? By now, you know the prerequisites for a management consultancy license application. The management consultancy license cost in Dubai primarily depends on your business location and business activities, besides a few factors such as visas and proof of qualifications. So, although the license cost can be quite variable, the license fee starts from AED 12,000. Shuraa UK branch’s knowledgeable
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Business in Dubai

What Are the Benefits of Doing Business in Dubai?

Doing business in Dubai is a dream for many. And why not? Dubai has everything you need to set up a successful business. The benefits are endless, and to reap them, all you need is a profitable business idea. With more than 5000 British companies running their operations in the UAE, the UK-UAE business ties continue to grow strong. UAE offers several incentives for UK entrepreneurs to invest and operate in the UAE. For starters, the UAE’s diversified economy is stable and expanding. Moreover, it is an entry route into other GCC or Gulf Cooperation Council countries, making it a crucial market.  So if you are a UK entrepreneur who wants to invest in the UAE or start a business in the UAE, continue reading. This blog will walk you through the attractive benefits of doing business in Dubai, the process you must follow, the documents you will need, and the cost of starting a business here. What Is the Best Business to Start in Dubai? Choosing an activity with a potential future for expansion is crucial for an entrepreneur or investor. Fortunately, Dubai boasts ample opportunities for all kinds of businesses. So if you are searching for the best business to start in Dubai, you may consider the following few options:  Business Consultancy: With so many businesses operating in Dubai, the need for experts is always high. As a business consultant with extensive experience in a particular field and in-depth knowledge, you can help businesses grow multifold by consulting them on various aspects.  Digital Marketing: Almost all businesses need help advertising themselves to stay ahead of their competitors. The global competition is cut-throat, and one must present themselves as leaders to attract the audience, increase sales, and more. As a digital marketing company, you can help companies to promote themselves, create brand awareness, and more. Travel & Tourism: Undoubtedly, travel and tourism is a booming sector in Dubai, welcoming millions of visitors each year. You can sell packages, assist with hotel bookings, offer travel insurance, and establish yourself in this industry.  IT Services: Dubai is constantly evolving in the technology domain, and so are its businesses. Most businesses today need assistance with emerging technologies like artificial intelligence to recreate experiences for their customers. As an IT company, you can offer cloud services, backup solutions, network security, and more. Food & Beverage: Besides its tourism industry, Dubai is famous for its restaurants and cafes. You can venture into the industry by opening a restaurant, cafe, or delivery service.  What Are the Benefits of Doing Business in Dubai? Doing business in Dubai can be fruitful if you carry out your operations carefully and within legal boundaries. Following are some attractive benefits you can reap:  1. Ease of Operations  UK companies can efficiently operate in new economic sectors and utilise cutting-edge technology because of the UAE government’s strategy for the future. Furthermore, the government here is incredibly supportive of budding entrepreneurs and small businesses, offering attractive incentives to these companies.  2. Easy Setup Process  Setting up a business in Dubai is straightforward. The entire process is streamlined and can happen digitally, reducing the need for extensive paperwork.  3. Strategic Location  Dubai’s strategic location will allow UK investors to explore untapped markets, especially for trade and logistics. It is located at the crossroads of the East, West, North, and South. Furthermore, thanks to its world-class airports, Investors can easily access ⅔ of the world within 8 hours of flight time.  4. Talented Workforce  Employees are the driving force behind a successful business. Dubai boasts an exceptionally talented workforce with extensive experience that will help you take your business to another level. 5. Advanced Infrastructure  Companies need more than just 4 walls, offices, and desks to excel. Furthermore, different businesses have different requirements. Dubai’s advanced infrastructure and high-end technology meet the needs of all companies, empowering them to prosper.  6. Multidisciplinary Free Zones  Dubai is home to 20+ multidisciplinary free zones that focus on and foster diverse business activities. Furthermore, the investors get 100% tax exemption, business ownership, and repatriation of capital and profits. Also, these free zones offer several options at competitive, pocket-friendly prices. 7. High Quality of Life Dubai is a cosmopolitan city – a melting pot of cultures. Furthermore, the standard of living here is relatively high, increasing the demand for premium, high-quality products. Thus starting a business catering to lifestyle, wellness, and beauty can be a profitable venture.  How to Start a Business in Dubai? Doing business in Dubai is easy, given that you understand the process in and out. An in-depth understanding will make it easier for you to apply and get a valid licence to carry out your preferred business activity.  It is crucial to note that the business setup process differs from activity to activity. Some businesses will need additional permits, depending on the sensitivity of the activity. Following is a general overview of the process:  Choose a business activity of your interest.  Next, decide on a legal structure for your company. Your company’s legal structure will determine the stakeholders’ responsibilities and their powers.  Once you decide on your legal structure, select a suitable name for your company. Ensure that your name complies with the rules and regulations of the government.  Next, apply for a licence, submit all documents, and pay the fees. Your choice of business activity will determine the licence you will apply for. Dubai offers several licences, and thus, make sure you choose the right one. You may also need to take pre-approvals before applying for a licence.  Search for a suitable office space that will meet your needs. You can either rent or lease a space in Dubai.  Once you get your licence, you can start your business.  What Documents Do You Require to Start a Business? You must submit relevant documents to the authorities to get a valid licence. The list of documents varies from business to business. However, some documents are common to all businesses. They are as follows:  Passport-size
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starting business in Dubai foreigner

Starting a Business in Dubai as a Foreigner

According to new research, UK-based business owners have been expanding their businesses to the UAE increasingly. And why not? Dubai has ample resources to help UK entrepreneurs tap into new markets. More specifically, Dubai and its associated free zones are being seen as promising for starting a business in Dubai as a foreigner. DMCC, one of the more known free zones in Dubai, has played a crucial role in developing UAE-UK trade relations. In March 2022, the free zone had profitable opportunities for UK entrepreneurs in Dubai, as shown during its Made For Trade Live Roadshow. In fact, opportunities in DMCC attracted a record-breaking 2,485 new businesses in 2024, bringing the total to over 20,000 companies. Dubai is an incubator for entrepreneurship and home to a dynamic, resilient, and growing cultural scene. No wonder it is one of the most popular locations for UK entrepreneurs to set up a business in Dubai.  So if starting a business in Dubai as a foreigner is on your mind, keep reading further. What Are the Benefits of Starting a Business in Dubai? UK-UAE ties are deepening as they engage in new projects together. Following are some benefits UK entrepreneurs may reap in Dubai: With everything digitised and cooperative administration, starting a business in Dubai as a foreigner involves almost no paperwork.  The recent UAE-UK free trade agreement negotiations are likely to boost future business activities. Moreover, lower trade barriers, a more secure regulatory environment and the UAE’s need to import certain skills make Dubai a promising location to start your business as a foreigner. The UAE is one of the largest domestic markets and the third-largest re-export market. Hence, Dubai can provide the most productive market access for UK manufacturers and exporters. The UAE government has recently created Fintech regulatory sandboxes and technology-specific government investment funds for foreign entrepreneurs. Once you have all the pertinent documents, obtaining a visa in Dubai is easier. Moreover, the new visa rules make the foreign national-dominated job market more adaptable. Dubai’s cutting-edge infrastructure, tremendous public transportation system, world-class telecommunication, and top-notch internet facilities fascinate several UK entrepreneurs. The UAE excels globally in the business skills of its employees. In fact, its talent pool is highly competent in various fields like management, leadership and operations.  Dubai absolves all types of taxes. These include income, business and personal taxes. But, some companies may need to pay a 5% VAT on certain business activities. Unlike most nations, even if you’re starting a business in Dubai as a foreigner, you can have 100% ownership of your company.  Thanks to its strategic location, Dubai links manufacturers, producers and suppliers from all over the world. The ports serve for outstanding connectivity. Businesses in the Dubai mainland and free zones are not compelled to give a part of their capital invested and profits earned as taxes to the UAE government.  Documents Require for starting a business in Dubai As a foreigner setting up a business in Dubai, ensure you have all the necessary documents. This simplifies the business setup process. Some of the documents you will need to submit are as follows: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages The type and number of documents depend on the business activity, company structure and location. Our experts can provide you with a comprehensive list of the documents required for your business.  Steps to Start a Business in Dubai as a Foreigner As a foreigner, you must go through various steps to launch a business in Dubai. The following steps can help you comprehend it better: 1. Select a Business Activity As a foreigner, Dubai is uncharted waters for you. So, learn about the UAE’s culture and the local consumer. Then, localise your business idea, vision, and goals.  Also, before you enter the new market, research the competition. A wide variety of business activities are permitted in Dubai’s mainland and free zones. Accordingly, choose a business activity.  2. Decide on Your Company’s Name Choosing a name for your business is a big decision. It’s the first thing your prospective clients will remember about your company. So, your company name should be easy to recognise and remember. Moreover, a legally safe name will keep you away from legal troubles. Accordingly, choose a name and register it with the relevant authorities. 3. Choose a Company Structure Your business will operate more effectively if it has an appropriate company structure. So, choose a suitable company structure for your business. The company structure could be a sole proprietorship, a Limited Liability Company (LLC) or a branch office. 4. Apply for the Licence  Your business needs to have a valid trade licence in Dubai. Having a trade licence for your company makes it simpler to register a corporate bank account. Submit the required paperwork and licence money to apply for a business licence. Many types of business licences are allowed for UK business owners in Dubai. Moreover, you might need to apply for extra permits based on your line of work. Consultancy professionals can assist you in getting the licence and approvals necessary for your business. 5. Choose Your Business Location Every location in Dubai has unique qualities and provides significant advantages. Considering this, decide on a business location in Dubai. You can choose from the Dubai mainland or one of the free zones. Consider the size of your personnel, the technologies required, and your budget when deciding on a physical office. Additionally, you will have to decide whether to rent or lease.  6. Get Your Trade Licence Once all the stages have been successfully completed, you can get your trade licence. An expert consultancy can help expedite the business setup process for you. This could include naming rules, visa eligibility rules, corporate licences, bank accounts and fees.  What Is the Cost of setting up a business in Dubai? Various aspects of starting a business in Dubai as a foreigner cost differently. For instance, your business activities, licence type, promotional campaigns, additional approvals, and more.
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Setting up a Company in Dubai

Setting up a Company in Dubai

Dubai has an economy that’s diversifying rapidly. Also, it is significantly investing in technology and human talent, which can be fruitful for entrepreneurs. Experts claim that Dubai can help UK businesses to tap into new potential markets. Dubai is one of the most sought-after places for entrepreneurs to start their businesses due to its safe, multicultural atmosphere and connectivity with major global commercial hubs. Its reputation as an investment-friendly city is further strengthened by a flourishing innovation culture, making it one of the best places to start your company. Hence, Dubai is favourable to UK entrepreneurs looking to set up their companies in the city. This blog explores perks and the procedure of setting up a company in Dubai. Benefits of Setting Up a Company in Dubai It is undeniable that Dubai has grown into a major global hub for business in the last few decades. If you want to set up your company in Dubai, the following are some of the benefits you may reap: With advanced technology and cooperative administration in Dubai, establishing a company involves almost no paperwork. In addition, Dubai has an advanced digital infrastructure, offering world-class internet connections. Dubai’s state-of-the-art infrastructure attracts a large number of UK entrepreneurs. Furthermore, Dubai has an efficient public transportation system. It also has top-notch telecommunication facilities and other amenities. The UAE tops the chart globally in terms of the business skills of its employees. In fact, its talent pool excels in various fields like management, leadership and operations.  One of the important benefits of setting up a business in Dubai is the tax exemption it provides. Dubai exempts all types of taxes. These include income, business and personal taxes. But, some companies may need to pay a 5% VAT on their business activities. Dubai has many free zones where you can have 100% ownership of your business.  Dubai, located at the crossroads of East, West, North and South, connects manufacturers, producers and suppliers from all over the globe. The locations of airports and seaports have great connectivity. More specifically, this promotes the growth of the import-export, re-export and tourism industries. Companies in the Dubai mainland and free zones are not required to give a portion of their capital and profits as taxes to the UAE government.  Once you have all the relevant documentation, getting a visa in Dubai is convenient. Besides, the new visa rules make the foreign national-dominated job market more flexible.  Documents required for company registration in Dubai Before you begin setting up a company in Dubai, check that you have all the mandatory documents. This eases the process of setting up the business. Some of the documents are as follows: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages The documents vary as per business activity, company structure and location. The experts at the Shuraa UK branch can help you with a complete list of the required documents based on your business.  Steps to Register a company in Dubai You must go through some steps for setting up a company in Dubai. The steps given below will help you understand it better: 1. Identify the Nature of Your Business Activity Dubai’s mainland and free zones permit a wide range of business activities. Thus, you can choose from a variety of businesses. Moreover, it takes a lot of consistent hard work to get your company running. So, pick a feasible business activity that interests you the most. 2. Register the Trade Name Your company’s name is most likely the first thing your potential consumers will remember. Thus, it should be easy to recognize and remember. Besides, a decent and legally safe name for your company will not get you in trouble with the authorities. So, choose a name and register it with the concerned authorities. Note: The UAE authorities have laid down certain rules for naming a company. Shuraa professionals can help you with the rules and name availability, making sure that your company’s name is compliant. 3. Determine Your Company’s Legal Structure The right corporate structure for your business will help it function more efficiently. So, choose an appropriate structure for your business. The structure could be a sole proprietorship, a Limited Liability Company (LLC) or a foreign company’s branch office. 4. Apply for the Licence  Obtaining a trade licence for a business is a legal requirement in Dubai. Furthermore, opening a corporate bank account becomes easier when you have a trade licence for your business. To apply for a business licence, submit the relevant documentation and pay the licence fees. There are many types of business licences allowed for businesses in Dubai. Also, depending on your business activity, you may have to apply for additional permits for your business. Shuraa experts can help you apply for the licence and approvals relevant to your business activity. 5. Choose Your Business Location Every location has its own characteristics and offers distinct benefits. Accordingly, choose a business location in Dubai. You have options of setting up your company on the mainland or in one of the free zones.  If you need a physical office for your business activity, consider the size of your workforce, the technologies required and your budget. Besides, you will also have to think about whether to rent or lease.  6. Get Your Trade Licence You can obtain your trade licence once you’ve successfully completed all the steps. Professionals at the Shuraa UK branch can streamline the company formation process for you. This may include naming regulations, visa eligibility, company licence, bank accounts and fees.  7. Launch Your Business Once you’ve obtained your trade licence, you can start your business. You may go further with the subsequent activities you’ve planned for your business. Cost of Setting Up a Company in Dubai Various factors determine the final cost of setting up your business in Dubai. For instance, your business activities, the licence you choose, marketing campaigns, additional approvals and so on. Thus, coming up with a precise number is quite difficult.
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E-commerce Business in Dubai

How to Start an E-commerce Business in Dubai?

In the UAE, 68% of online buyers favour retail websites, while 17% favour brand websites for their purchases which favours e-commerce business in Dubai. With such a sizable market in mind, Dubai has been implementing the most recent technological advances in its trade zones. These technological changes would also expedite the establishment of new e-commerce businesses. Considering the scope and facilities in UAE, entrepreneurs are turning to e-commerce, reaching out to more markets. Thus, an e-commerce business in the UAE offers ample opportunities for UK entrepreneurs. This blog will walk you through how to start an e-commerce business. Benefits of Starting an E-commerce Business in Dubai The E-commerce industry in the UAE is ushering in the next wave of transformation. If you’ve been thinking to venture a foot into it, here are some of the benefits of starting an e-commerce business in Dubai: There have been many technological reforms and government initiatives to start a company in Dubai. This has made the required paperwork negligible. Based on the global e-commerce accelerator Pattern’s survey, 74% of the UAE population would spend more online shopping in 2022. Thus, there is a considerable scope for an e-commerce business. You can have 100% ownership over your e-commerce business in the UAE. Furthermore, you can repatriate all the capital you’ve invested and earned profits completely. Also, you may not need to pay taxes in Dubai for your e-commerce company, thanks to its tax-free environment. Multiple currency transactions are permitted in the UAE. Dubai serves as a strategic location as it connects the four corners of the globe by land, air and sea. Also, the city’s logistics facilities make it a profitable location for UK businesses. Dubai is one of the world’s most technologically advanced emirates. You can leverage these advanced facilities in Dubai for your e-commerce business activities. You may think of growing your e-commerce business in the future. Hence, you’d need more inventory and more storage space along with a few changes to your e-commerce website. These requirements are far less costly than an offline store. Moreover, Dubai is equipped enough to fulfil these requirements.  Several businesses in Dubai deal with a plethora of products and services. They could be the potential manufacturers or suppliers for your e-commerce company. Marketing an e-commerce company is more cost-effective than promoting it offline. Moreover, you can also access customer data through your e-commerce platform. Hence, you can market your company more accurately. What Documents Do You Need to Start an E-commerce Business in Dubai? You’ll have to submit some documents before you start an e-commerce business in Dubai. Correct and valid documentation will wind up the company formation process quickly. The documents mentioned below are just a peek of what’s needed: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages Experts at Shuraa can help you with the detailed list of the required documents.  The Process of Starting an E-commerce Business in Dubai Once you have all the mandatory documents, you can begin setting up your e-commerce business in Dubai. We’ve broken down the process in seven steps. Read on to know better. 1. Decide the Business Activity The first step in starting an ecomm business is to choose a business activity. Investigate the e-commerce spaces you’re interested in. Accordingly, pick a business activity that you can carry out confidently.  2. Register Your Company’s Name Your e-commerce company’s name is an important aspect for your business. So, come up with a distinctive, memorable and authentic name. Then, register that name with the concerned authorities.  Note: The UAE authorities have stipulated some rules for naming a business. Make sure that you abide by those rules while choosing your company’s name. 3. Decide Your Company Structure An e-commerce business with the right corporate structure would function more efficiently. So, select an appropriate structure for your e-commerce company. The structure could be a sole proprietorship, a Limited Liability Company (LLC) or a foreign company’s branch office. 4. Apply for the Licence  Obtaining an e-commerce licence is a legal requirement. Moreover, opening a corporate bank account eases when you have an e-trader licence for your e-commerce business. To apply for an e-trader licence, submit the required documents and pay the licence fees. Shuraa’s experts can help you with the e-commerce licence cost in Dubai and the type of licence required. Based on your company’s business activities, they can also help you get additional approvals, if required.  5. Choose Your Business Location Every location in Dubai has its own benefits and provides distinct amenities. So, consider the needs of your e-commerce business before you select a business location in Dubai. You can choose from the mainland or one of the free zones.  Consider the size of your staff, the digital infrastructure required and, most importantly, your budget. Apart from this, you’ll have to decide whether to rent or lease the office space. 6. Get Your Licence You can get your e-commerce company licence after you’ve successfully concluded all the above steps. The licence will not only legitimise your e-commerce company but also promote your stature as an e-commerce business owner in the UAE.  You can also mention being licensed on your e-commerce website. Hence, you’ll earn an image of being trustworthy and safe in the e-commerce market. 7. Launch Your E-commerce Company Once you get your e-commerce licence, register your desired domain name as soon as possible. Note that domain names are subject to availability. Thus, it is advised to be prepared with a few alternatives for your e-commerce company’s name. Further, look for manufacturers or suppliers offering high-quality products. Also, you may opt for some eye-catching marketing campaigns for your e-commerce business. What Is the Cost of Starting an E-commerce Business in Dubai? There are many aspects involved in estimating the total cost of Starting an E-commerce Business in Dubai. For instance, the licence and approvals required, the e-commerce platform for your website, marketing efforts and so on. So, determining a precise number is not possible.
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Business Consultant in Dubai

How to Choose a Business Consultant in Dubai?

Many foreign businesses, especially UK-based, have established themselves in Dubai over the past years with the help of business setup consultants in Dubai. These businesses have leveraged the city’s many advantages. For instance, its ultramodern infrastructure, first-rate transportation, world-class trade zones, and tax-free environment. So, if you are a UK entrepreneur looking to establish a business in Dubai, the opportunities are many. However, you may need business setup consultants when starting a business in Dubai. The business setup consultants investigate your business requirements. Moreover, they consider the compliance needs of your business and work on setting up your business. So, you must choose the top consultants in Dubai to streamline your business setup process. But, choosing the best business consultant can be difficult. Worry not. This blog will tell you how to pick the best business consultant in Dubai. Business Consultancy in Dubai There is a wide range of business opportunities in Dubai. For this reason, there are many Business Consultant in Dubai  In fact, establishing a business consultancy after getting a consultancy license in Dubai is an investment in itself. The consultancy license cost in Dubai ranges from 12,500 to 16,000 AED.  Business setup consultants are a much-needed help to UK entrepreneurs as they take their first steps in Dubai. They offer many services, including company formation, banking support, advertising and recruitment services. Some consulting firms may specialise in a single service; others may offer a comprehensive package.  There is a wide range of options available. Thus, it can be hard to find a trustworthy business consultancy in Dubai to start your business. Moreover, there are several aspects of starting a business. Thus, it is vital to consider each criterion when choosing a business consultant in Dubai. What Factors Should You Analyse Before Choosing a Business Consultancy in Dubai? Here are some factors you should consider to find the best business consultancy in Dubai. 1. Solid Experience With an Expert Team A reputable business consultant evaluates current trends and offers insightful advice. In this way, they streamline your business setup process. Thus, a business consultant should have a strong track record and successful business setup experiences. 2. Expertise in Legal and Licensing Formalities You will not want to violate compliance in a foreign land you want to flourish in. So, a knowledgeable business consultant will help you with law compliance based on your business needs. For instance, assume that you want to start your management consultancy. Then, your consultant will work on acquiring a valid management consultancy license in Dubai.  3. Localised Business Advice A wide range of cultural practices and attitudes can impact your business. For instance, mistakes in product labelling run the risk of offending your target market. Likewise, dealing with governmental rules can become much more difficult. A well-qualified business consultant can guide you to adjust some aspects of your business as per the local consumers and culture. 4. Strategic Government Partnership Your chosen business consultant should liaise with several government agencies. The following are some of them: Foreign Direct Investment (FDI) The Department of Economic Development (DED) Dubai Land Department (DLD) Real Estate Regulatory Authority (RERA) Dubai Health Authority (DHA) Department of Tourism and Commerce Marketing (DTCM). 5. Customised Services One size does not fit all. Many consulting firms offer service packages that try to cover all types of businesses. But, the best business setup consultants in Dubai will be able to meet your specific requirements. So, it’s crucial to pick a business setup consultant offering the services that work best for you. 6. Guidance on Government Rules Banking regulations, tax laws, and employment laws are unique in the UAE. That being the case, your chosen business consultant should be aware of these laws. For instance, your business consultant should know any limits on the products being moved or used in your business. Moreover, they should also be aware of the fees and approvals involved.  7. Ability to Offer the Best Location Your business location will have a big impact on how profitably your business runs. Making the wrong decision might reduce future growth. It might even jeopardise prospective profits. So, the best location for the company should be determined based on the sector and type of opportunities. A knowledgeable business consultant will consider factors like finances, legal requirements and operations. Hence, they would ensure you get the ideal business location. 8. Meritorious Network A business consultant with a solid network of contacts you will need for your business ticks all the boxes. Their contacts within the community can be valuable for you, particularly in the early phases of your business setup process. Also, a business setup consultant’s diverse clientele is a testimonial to their experience. This diverse experience of a wide range of businesses in many industries can be fruitful for you, making them qualified to manage your project. 9. Transparency and Clear Communication A well-skilled business setup consultant should have intelligible verbal and written communication skills. It does not matter how intelligent a consultant is if they cannot understand your requirements. They will not be able to assist you with the company setup process until they completely understand the difficulties you are facing. 10. Cost-Efficiency Cheaper isn’t always better! There are more nuances to budgeting than that. Think about the expertise that a qualified business consultant will provide you. And with that, the long-term benefits you’ll reap after setting up your business in Dubai. Consider these advantages that can be integral to your business success. The best consultant in Dubai shows the value for the money you are paying. The price should not always be a concern while looking for the best business setup consultants in Dubai. Business Consultancy by Shuraa Business Setup in Dubai Have you decided to set up your business in Dubai? Are you looking for a business setup consultant in Dubai? One such business setup consultant is Shuraa Business Set up, based out of Dubai.  Shuraa Business Setup experts are well-experienced with a solid track record. They will
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Import Export Business in Dubai

How to Start an Import Export Business in Dubai?

The evolution and advancement of Dubai have been noteworthy. New policies and reforms continue to stimulate the UAE’s diversification journey. The purpose of the UAE to make Dubai a major hub for the global economy likely ensures sustainable economic development in the coming years. Import-export business in Dubai has been integral to traders. The UAE has been prominent in trading various goods worldwide, such as petroleum, diamonds, gold, cars, and tugboats. Even historically, the UAE was seen as a strategic location. Thus, utilised to connect the trade from Europe to Asia.  At present, the UAE is the largest exporting state among all the GCC States. Besides leveraging the strategic and infrastructural advantages of Dubai, UK entrepreneurs can also enjoy smoother market entry, better workers’ rights, and a vast set of visa reforms. So, what makes Dubai so desirable? How can you start an import-export business? Read on to know more. What Are the Benefits of an Import Export Business in Dubai? If you want to start an import-export business in Dubai, you can enjoy the following benefits: UAE has fast-growing technology and a cooperative administration. So, establishing an import-export company in Dubai would involve almost negligible paperwork. Dubai, located at the crossroads of East, West, North, and South, connects manufacturers, producers, and suppliers from all over the world.  Dubai’s seaports and airports are located in areas with high connectivity to the rest of the world. This makes logistics for import and export business even more convenient. Besides advanced infrastructure, Dubai offers a great public transportation system, telecommunications, and other amenities. In fact, the UAE Digital Economy Strategy focuses on further digital transformations.  With the advent of mainland and free zone areas, Dubai has become a major corporate hub. Thus, your import-export company can collaborate as an intermediary with the existing companies in Dubai.  If you’re starting an import-export business in the UAE, you’ll have no trouble acquiring the required visas. The UAE has been reforming its visa norms to suit foreign investors. As per research by Coursera, the UAE tops globally in terms of the business skills of its employees. Moreover, the country’s latest reforms are likely to strengthen the talent pool. So, the labor market can be beneficial to your import-export company. Dubai is almost a free port. There is a 5% duty and 5% VAT on imports, while export business in Dubai and precious metal imports remain free from taxes. However, any supplies within the free zones in Dubai will not attract taxes. Documents Required to Start an Import Export Business in Dubai Before you begin the import-export company formation procedure, ensure that you have all the mandatory documents. A proper documentation process will simplify the process of setting up a business. The following are some of the documents you will have to submit: Copies of passports and visas  Two passport-size photographs  Entry visa and stamp pages The documentation differs according to the company structure, items one plans to import or export, and the chosen free zone. The professionals at the Shuraa London branch can help you with a detailed list of necessary documents.  How to Start an Import Export Business in Dubai? The process of establishing an import-export business in Dubai is quite simple. Following is a brief overview of the process:  1. Identify the Nature of Your Business Activity Your import-export company is bound to deal with many traders outside the UAE, gaining exposure to a larger market. Thus, your company’s name should stand out from the crowd. The government has laid down special rules for naming a company. Therefore, the name you choose must abide by the rules. Then, after checking the name availability, register the name with the relevant authorities. 2. Determine Your Company’s Legal Structure Selecting a suitable company structure for your import-export business is an important step. You can choose from several company structures like Sole proprietorship, Limited Liability Company (LLC) of a foreign company or branch office of a foreign company. 3. Apply for Initial Approval Get approvals from the pertinent authorities based on your business activity. Certain goods require necessary permits from competent authorities to be imported or exported. So, you may need additional certifications for the same. Shuraa professionals can provide their assistance to make your business comply with the rules and regulations regarding the import and export of goods.  4. Apply for the License  A valid import and export business license in Dubai allows you to sell your manufactured goods to clients outside the UAE, act as an intermediary between the manufacturers from UAE and overseas buyers or vice versa, and directly purchase goods produced outside the UAE and sell them in UAE. So, apply for the relevant license. Then, pay the license fees and submit the related documentation. Shuraa specialists can help you in the best ways to get you the appropriate license. Also, their assistance will avoid any difficulty with getting additional approvals.   5. Choose Your Business Location You can set up your business in Dubai on the mainland or in one of the many free zones. Once you decide on the location, choose an office space based on your company’s size, amenities required and budget. Consider your additional requirements such as a warehouse or transportation as well. 6. Pay Fees and Collect License Once you have finalised all the prerequisites, you can obtain your license. There are other provisions as well. So, Shuraa UK branch professionals can help you with aspects like visa eligibility, bank accounts and supplementary expenditures.  What Is the Cost of Starting an Import Export Business in Dubai? Various factors determine the final cost of starting your import-export company in Dubai. For instance, the activities you carry out, the goods you import or export, the size of staff you want to employ, the manufacturers you work with, marketing campaigns, and many more. So, presenting an accurate figure is difficult. Dubai’s import and export business license cost is around AED 24,000, excluding additional expenses.  Shuraa professionals will help you start your company
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Difference Between Mainland and Freezone Dubai

What Is the Difference Between Mainland and Freezone Dubai?

Dubai is a top choice for entrepreneurs and investors from all over the world. The United Nations trade body, UNCTAD, reports a significant rise in foreign investment for the UAE. In 2023, the country attracted a whopping $30.7 billion in foreign direct investment (FDI). This impressive surge places the UAE as the second-highest recipient of foreign direct investment (FDI) globally.  The city’s great location, top-notch infrastructure, and business-friendly environment make it perfect for starting a business. However, one of the key decisions that business owners need to make when setting up their company in Dubai is whether to choose a Mainland or Free Zone structure. Each option comes with its own set of advantages and considerations, so entrepreneurs need to understand the differences between the two.   Mainland businesses are regulated by the Department of Economic Development (DED) and can operate anywhere in Dubai and across the UAE. Free Zones are special areas in Dubai which offer benefits like 100% foreign ownership, tax breaks, and simpler administrative processes. Picking the right business setup is super important. It affects how your business operates, grows, and meets legal requirements. Here we will explain everything you need to know about Mainland and Free Zone business setups. It will help you understand the rules and pick the best option for your business journey in Dubai.  Key Differences Between Dubai Mainland and Free Zone  A. Business Activity and Location  Mainland:  Mainland company formation in Dubai offers the widest range of business activities. You can choose from over 2,000 possibilities, allowing for greater flexibility and diversification.  Dubai mainland grants you the freedom to operate anywhere within the UAE. This is ideal if you want to serve the entire Emirati market.  Freezone:  Activities are usually limited based on the zone’s specialization. For instance, a media-free zone might focus on media and technology businesses, while a logistics-free zone caters to companies involved in import/export. However, some free zones offer specialized licenses or even dual licenses that permit limited operations within the mainland market.  B. Ownership Structure  Mainland:  Recently, the UAE implemented changes allowing 100% foreign ownership for specific activities on the Dubai mainland. However, for certain business types, a local Emirati sponsor is still required. It’s crucial to check the regulations for your chosen activity.  The most common structure for mainland businesses is the Limited Liability Company (LLC), which requires at least two shareholders.   Freezone:   Free Zone company formation in Dubai offers a significant advantage in terms of ownership. You can enjoy 100% foreign ownership for your company, regardless of the business activity. Like the mainland, the Limited Liability Company (LLC) is the free-zone company’s primary choice.  C. Business Setup and Regulations  Mainland:  The Department of Economic Development (DED) governs business setup in Dubai mainland. The process can involve more steps and approvals compared to free zones.   The business setup process in Dubai mainland typically includes:  Choosing a business activity  Choosing a business structure & trade name  Getting initial approval from DED  Preparing documents (passport, business plan, trade name certificate, MOU, etc.)  Obtaining trade license  Purchasing office on lease  Opening a corporate bank account  Visa application  Virtual offices are generally not permitted for mainland companies. You’ll typically need to secure a physical office space to meet licensing requirements.  Freezone:  Each free zone has its own dedicated authority that oversees companies set up within its boundaries. This often translates to a streamlined process. Many free zones offer the option to set up a virtual office. This allows you to maintain a business presence without the cost of a physical office, which can be a significant advantage for startups or companies with remote teams.  D. Taxation  Mainland:  Companies operating on the Dubai mainland are subject to a corporate tax rate of 9% on their taxable profits exceeding AED 375,000. There might be exemptions based on your company’s turnover.  Free Zone:  Free zones offer a significant advantage in terms of corporate tax. Currently, most free zones in Dubai are exempt from corporate tax for a specific period. This can be a major incentive for businesses looking to minimize their tax burden.   It’s essential to note that while free zones offer tax exemptions, they may have other fees associated with setting up and operating a business within the zone.  E. Visa Considerations  Mainland:  There are generally no restrictions on the number of visas a mainland company can sponsor for its employees. However, the number of visas ultimately granted will depend on the size and type of office space the company has. Larger office spaces allow for sponsoring more employees.  Freezone:  Free zones often have limitations on the number of visas a company can sponsor for its employees. This quota can vary depending on the specific free zone, the type of license you obtain, and your office space (if required). Each individual free zone authority has its own regulations and oversees the visa application process within its zone.  F. Business Setup Cost  Mainland:  The cost of setting up a business on Dubai mainland can vary depending on several factors, including the type of license, business activity, office space size, and chosen location. Generally, trade license costs start from AED 12,999, but the total cost can be higher.  Freezone:  Free zones often offer various company formation packages that can be more cost-effective than setting up on the mainland. These packages can start from as low as AED 7,000 and may include the trade license, visa processing, and other services.  Similar to the mainland, several factors can influence the final setup cost in a free zone:  Different free zones have varying fee structures and packages.  The license type will affect the fees associated with your business activity.  The number of visas needed can impact the overall cost.  Here’s a key difference between Dubai Mainland and Free Zone:  Feature  Mainland  Free Zone  Business Scope  Unrestricted (all UAE)  Limited (based on zone’s specialization)  Ownership Structure  100% foreign (specific activities), otherwise local sponsor required  100% foreign ownership allowed  Setup & Regulations  DED oversight, complex
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Small Business in Dubai

How to Start a Small Business in Dubai

The commercial connection between the UAE and the United Kingdom is improving. In a post-Brexit world, British firms are invited to explore new ventures in the UAE, and UAE entrepreneurs are seeking new business possibilities.  In the MENAT area, the UAE is the greatest beneficiary of UK foreign direct investment. UAE is the 13th largest export market in the United Kingdom. As a result, if you are a UK investor or an entrepreneur wanting to start a small business in Dubai, the time is right, and the environment is conducive.  Although the process of obtaining a small business license in Dubai is straightforward, you must have complete knowledge about it. Let’s see how to start a small business in Dubai.  How to Start a Small Business in Dubai? A small business setup in Dubai is easy to establish and run. However, you must abide by all the government rules, submit relevant documents, and successfully fill in an application to obtain a small business license in Dubai. Following is the process of setting up a small business:  1. Select a Business Idea Dubai supports a variety of business plans across spheres. There is something for everyone here. Whether you are passionate about food, travel, fashion, technology, or finance, Dubai has endless business opportunities. You need to find where your heart lies and choose the best business idea.  Following are some small startup business ideas in Dubai:  Advertising agency Food Processing & Delivery Services Consulting Tourism Beauty-Related Business Event management  Restaurants/Cafe  Health and Wellbeing Real Estate 2. Determine Your Company’s Legal Structure Once you have decided the kind of activity you want to do, you must next decide on your company’s legal structure. Dubai supports different legal structures, like Limited Liability Companies (LLC) and Limited Liability Partnerships (LLP).  Shuraa experts can help you determine the correct structure for your company, depending on the type of your business activities. They will also help you weigh the pros and cons of each, helping you make an informed decision.  3. Register the Trade Name Deciding on a trading name can be tricky, especially in Dubai. You must ensure that the trading name you choose is compliant with all the rules laid down by the government.  Following are some of the rules for choosing a trading name:  The trade name must not be offensive or use any derogatory terms.  You must use the full name of the individual if you wish to name your company after someone; you must avoid using nicknames. Trade names cannot include the name of Allah or any other god for that matter. Note.: These are more rules that one must abide by while deciding their trading name. Shuraa experts can ensure that your trading name meets all the requirements with their expertise and knowledge. 4. Choose Your Business Location It is vital to make an informed decision as to where you want to have a small business setup in Dubai. Do you want to set it up in one of the free zones or on the mainland? Both of them have their own perks.  Similarly, different zones in Dubai offer specific purposes. For instance, Business Bay is suitable for corporate offices, whereas Media City is ideal for media companies. Furthermore, DIFC is for financial institutions, and the industrial area is a hub for manufacturing units.  You may also need to rent or buy an office space, depending on the type of your business activity. For this, you might have to get your office registered with the Ejari. You must also consider several other factors like easy availability of transportation, parking facilities, availability of eatery, and interior.  5. Apply for the License Without a small business license in Dubai, you cannot carry out any business activities. These business licenses are issued either by the Department of Economic Development or the respective free zone authority, depending on your choice of location. You might also need to apply for additional permits, depending on the choice of your activity. For instance, you may have to get a permit from the Department of Food and Safety. Similarly, for starting a tourism business, you may have to get permission from the Department of Tourism and Commerce Marketing (DTCM).  6. Open a Bank Account Post applying for the desired business license to the DED or the respective free zone authority, you need to open a bank account for your business company. Whether it’s a local or international bank, choose a respected bank depending on your demands. Additionally, ensure that the bank you select has outstanding financial services and facilities. What Are Some Other Requirements for a Small Business in Dubai? 1. Hiring Employees  Employees and workers can make or break your business. Hence, choosing the right employee is necessary. You can carry out the hiring process yourself or outsource it to a recruiting agency.  Hiring employees also necessitates setting up a payroll system. You may also need to get permits from the Ministry of Human Resources and Emiratisation. Furthermore, you will also have to sponsor their visas in some cases.  Our experts at the Shuraa UK branch are well-versed in hiring requirements and the visa process. They can help you follow the correct procedure to seamlessly recruit your workforce. 2. Marketing As a new business setup, it is vital to market your services to get more leads and sales. For this, you can have an in-house IT team to ensure your visibility. You can also partner with a PR agency to give your business a boost and take some load off your shoulders.  What Documents Do You Need to Get a Small Business License? Submitting relevant documents to the respective authorities is a crucial part of the setting up process. Following are some of the documents that you must submit:  Passport-size photographs  Passport copies  Visa entry or stamp page You will have to submit other documents in addition to the ones mentioned. To know more details about other documents required, reach out to our expert business consultants
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