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Five Cost-Effective Ways to Setup Your Business in Free Zone Area in UAE

Once you’re a foreign investor, it can be very difficult to make the right decision, provided that there are over 50 free zones in the UAE you could choose from. Before starting up a company in one of the UAE Free Zones, really do your homework and make a measured decision. Remember all Free Zones have their budgets, varying lists of approved business practices, differing choices for location & services, and separate conditions for shareholding.

Find a freezone

When making those decisions of business setup in Dubai, UAE there are multiple variables you must remember, beginning with whether you want to configure in a free zone unique to the field. Healthcare, ICT, engineering, architecture, outsourcing, advertising, maritime, research, and finance are only a handful of the sectors that the manufacturing free zones of Dubai cater to.

The positioning of your selected free zone also needs to be weighed. And considering the factors such as connections to major roads, you must also know the proximity of all ports and airports when depending on foreign trade or transport.

Apple for the business license

After picking a registered trademark and reporting that one on the portal of the Free Zone Authority, you must request a business license. We have set the list of the many business licenses issued by the establishments for the free zone out above. The form of a business license depends on your business’s primary operation. When applying for both licenses, you need to request the supporting documentation.

Open a corporate bank account

In order to exchange, you would, of course, require a bank account. That’s not always straightforward to open a corporate bank account in the UAE because there is a range of requirements to remember, not especially the eligibility requirements of each branch for setting up a business in UAE.

Statutory Requirements 

For the organization, a supervisor must be designated, and this person may be accountable for the day-to-day success of the organization and is normally responsible for implementing the financial institution and the signing on behalf of the state of any contracts. We would expect the boss to sign off on all improvements that are introduced to the organization structure. The manager must have been a member of the UAE or have the intention of taking up residence for business setup in Freezone.

Applying for visas

You may also submit your visa request. But because of this of your workers and any domestic employees, you might have, you may apply for your own visa.

In case you wish to know about setting up your business in Dubai Freezone or seeking help in setting up your business, you can contact You First- The business set up company. 

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You First: Five Benefits of Company Formation in the UAE

The UAE is one of the world’s best business destinations. The UAE offers amazing business opportunities, especially for worldwide trading as the country connects the East and the West. Besides being positioned strategically, the UAE has many benefits to offer an entrepreneur. It is also home to many incubators, entrepreneur hubs, startup villages, etc.

Are you aware of the various advantages of Company Formation in the UAE? Let us explore five key benefits of forming a company in the UAE which will definitely urge you to set up a company of your own.

Higher visibility: A company located in the UAE has higher visibility compared to others in well-known business hubs like Hong Kong or New York. Here, your brand is more likely to get maximum awareness among your prospective customers. This will greatly help you generate more number of quality leads.

Great economy: The UAE is well known for its economic strength all over the world. This is the biggest advantage for any and all businesses in the UAE. This means that there are higher chances for you to expand your customer base. You will continue to grow in terms of economy. The manpower in the UAE is also some of the best the world has to offer.

Amazing infrastructure: The infrastructure in the UAE is awe-inspiring. The UAE has got a large market for tourism and travel, which means you get to target international customers, too. Your brand can gain a worldwide reach. You may even be able to get a global following. Also, the weather conditions here are very comfortable for any business to be carried out.

Judicial system: You can easily get economic help from the government for company formation in the UAE. There are several legal policies to be followed for the investment you make. UAE is a member of several federal organisations worldwide. The UAE levies 0% tax on personal as well as corporate income.

Safety and Security: The UAE government maintains strict laws against fraud and other illegal activities. This makes it a safe and secure environment for a registered company formation in the UAE. You need not worry about your investments in this place.

Before wrapping up this article, let us ask you one question – do you plan to start a business in the UAE? If the answer is yes, we’d like to congratulate you on taking such a bold step. We have just one major piece of advice to offer — it is highly recommended that you work with a company formation expert to help you out in this journey. It can be a long and complicated process otherwise.

Setting up a company in the UAE can be simple with the correct planning and implementation. The best business setup company in the UAE is at your service. The specialists at You First are armed with knowledge and experience. They are well-versed in the process and know how the system works. Let us help you take the plunge into the business world of the UAE.

What are you waiting for? Give life to all your business plans. Set up your own company in the UAE right away. You First – The Business Setup Company is here to back you up. To know more, talk to our experts at www.youfirstme.com

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How to Get a Professional License in Dubai

It is important to get an acceptable license to open a company in mainland Dubai. Based on the form of the company, trade licenses in Dubai/UAE are listed. As well as the key prerequisite for starting a business in Dubai is a legitimate license. A professional license in UAE is given to a business or company engaged in some kind of commercial trade operation. Both general and specialist dealers/owners may use commercial licenses and practice in the area.

If you want to set up a company in Dubai and the rest of the UAE, a commercial license is a prerequisite. The local government has always been welcoming and focuses on helping to grow the area as a destination for the industry. The process of obtaining a commercial license is easy and inexpensive in Dubai.

Choosing a Business Activity

The first step throughout the professional licensing process is to define the type of operation that determines alternatives for the legal form and the involved parties with this kind of behavior. The DED Dubai website lists more than 2,100 business activities, which fall into various groups and classes: manufacturing, industrial, technical, and tourism operations.

Selecting a Legal Form

A ‘legal form’ is a summary of the type of company that is being formed in Dubai, and there is no need to fill in the legal method. When selecting the legal form, business type, business practices, and the citizenship of the owner should really be addressed.

Application for Initial Approval Certificate

Businesses are supposed to implement for an Initial Approval Certificate, which is an official assurance from the DED that the individual does not object to starting a business mostly on the mainland of Dubai. The trading license in Dubai Is valid for 6 months and could be extended by paying approximately AED 120.

Memorandum and LSA Agreement (If Applicable)

Business owners and associates may also need to draft and sign a Memorandum of Association (MOA), depending upon the specific structure of the corporation. The stakeholders need to sign a Local Service Agent (LSA) / Corporate Offers application with such a UAE national for a professional license, who will oversee the licensing and enforcement organization.

DED registration

Owners of businesses have to verify if their operation falls within the categories specified by the DED that receive government authorization. Business operations and the list of external permits are periodically maintained by DED’s Business Registration and Licensing Field.

For business organizations in Dubai, the Department of Economic Development is responsible for approving business and technology licenses. You may have a great deal of uncertainty about the cost of a professional license in Dubai, issuance, formalities, and everything.

If you are looking for an experienced business setup company in Dubai offering the best assistance then you must get in touch with You First – The Business Setup Company.

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You First: Importance of PRO Services to your Company

Running a business in Dubai or setting up your own company in the UAE can be difficult as well as an overwhelming decision. But, the growing number of requirements and compulsions attached to business setup in UAE can be changing if adequate information and the right resources are not at hand. An easy remedy to this is the PRO services and document clearing services in Dubai and across UAE.

So what are PRO services?

Dubai has been expanding at a fast pace and consistent changes in commercial law and the financial systems are common. For a business enterprise or an individual entrepreneur, it is expected to deal with several government departments and judicial officials of Dubai, while starting as well as monitoring business in Dubai. The best PRO services in Dubai will help you through all the requirements concerning these authorities. Some of the departments in Dubai that PRO services firm assists with are the Department of Economic Development (DED), Trade and Chamber of Commerce, the Dubai Economic Chambers, the several Dubai Visa, Dubai Ministries, and Immigration departments, etc.

The Dubai government has been undertaking to make the commercial obligations and document clearance services in Dubai user friendly, yet, conciliation can be huge. Further, being a foreign country knowing the rules and regulations; change in the money, Arabic translated documents and such other constraints can be challenging to overcome on your own. Thus, the support of a Public Relationship Officer (PRO) could be very beneficial.

 

Here are some steps that indicates the need for PRO service providers in UAE:

  • The need to advise and update the company about registration, permits, licensing, payments.
  • To ensure compliance with the judicial systems, the legal structures, and the numerous government agencies that need to approve of the company and its commercial activities.
  • The need to rise before the local authorities and secure the company’s business license. Also to take care of the permit applications and restoration of the concerning licenses.
  • To purport the requirements of the Immigration & Labor Department for the company and to process and receive related documents.
  • To acquire labor approval, employment visa, labor card, entry permit, labor contract, residence visa, and work towards different document clearing services in Dubai.
  • The need to build and retain a virtuous working relationship with local and national government offices.
  • To ensure that business is completely knowledgeable as well as timely apprised about all the governmental protocols and instructions.
  • To maintain the company’s authorized stamps, official governmental letters, and all the certified letters sent to the Government.

The above transcribed are just a few duties provided by companies offering the most reliable PRO services in Dubai. There are huge governmental as well as legal responsibilities dealt by a Public Relation Officer. 

To know more about our services, talk to our experts now: www.youfirstme.com

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YouFirst: 3 Keys How to Setup Successful Business in Mainland Dubai

Are you planning for a business setup in mainland Dubai? It can be overwhelming for the inexperienced and complicated than setting up in a Freezone Company Formation. To start with, you will need to manage all the legal and administrative procedures, apart from the ability to run a thriving business in the UAE marketplace.

  • Get a local sponsor

The hugest difference in setting up a business in the Mainland or a free zone is in the ownership regulations. For the mainland, you will need a UAE national to be your local sponsor. This means the local sponsor will own 51% of the company shares while the remaining 49% possession of the shares relaxes with the ex-pat. These shareholders may not spend in your company but will still be a legitimate owner of majority shares.

 However, the emigrant partner can be the operating partner of the company and hold 100% operational powers. Sponsors will not be associated with the day to day activities of the company. In the case of licensed firm formation, the ex-pat is allowed to own the firm 100% but a sponsor – formally called local service agent (LSA) is still a necessity. 

  • Register with the DED

The Department of Economic Development (DED) is the central regulatory body for forming companies in mainland Dubai. They are liable for the economic growth and progress in Dubai and they accomplish this by developing economic policies and regulations, recognising strategic growth sectors and rendering efficient services to local and international investors. They are the company registration and license issuing authority of the Dubai Mainland Business. They are also qualified for commercial compliance and consumer protection.

  • Get Your Business Address Verified-

The Dubai Municipality is needed to verify your office address and the tenant must ensure that the tenancy agreement and Ejari (tenancy contract registration certificate) are in place before petitioning for a license.

If you aren’t certain of the processes of incorporating up a business or find it too difficult, it is always better to take the help of a local Dubai based business expert to ensure the legal issues are controlled carefully.

Here are the steps for the company formation in UAE:

  • Choose the right business activity and legal type that satisfies your business
  • Select a local partner or a local service agent
  • Get the primary approval for name and business activity
  • Get the MOA/Agreement notarized
  • Select the office space and get the agreement of tenancy
  • Obtain any other further approval (if required)
  • Final submission of for a license

The above steps might still appear a bit confusing. But you can always rely on You First a business setup company in UAE that can guide you through the process seamlessly. Get in touch with us today: www.youfirstme.com