admin

UAE with its over-the-top architectural designs, extravagant luxury lifestyle and other eye-popping attractions, draws people’s attention from every corner of this world in choosing UAE as a place to settle down or at least visit the place once in their lifetime. On October 3rd, 2022, UAE revamped its visa rules paving way for more entry into the country which enhances UAE’s position as a prime destination to live, work, study, invest, etc. UAE has launched new visa rules that introduced new types of entry visas, and resident permits, widened the categories of Golden Visa, and many more. This new model is to allure high caliber talents and proficient workers from around the world to improve the economy. This new visa system will lessen the burden of the visa application process and act as a catalyst for increased tourist visits which opens up new routes for development and business setup in UAE. The notable changes in the UAE visa rule are as follows: Entry Visa UAE has introduced a new group of entry visas that doesn’t require a sponsor or host. This is the first time that UAE has taken an intitiation into something of this sort. One of the major improvements in the visa rule is the duration of the on-arrival visa. Previously it was just 30 days for many nationalities but now it has been upgraded to 60-day visa on arrival. The new visa regime allows all types of tourist and visit visas to be renewed twice for the same time duration. Visitors can apply for renewal before the expiry of the first time period. The job exploration visa allows young talents and experienced professionals to take a peek at the various job opportunities/vacancies in the emirates. The basic requirement for this visa is to have a bachelor’s degree or its equivalent preferably from one of the top 500 universities in the world. Then comes the business entry visa which enables aspiring entrepreneurs, investors and businessmen to survey the country and find prospective investment/business oppurtunity. Apart from regular tourist visa, a five-year multiple-entry visa was also instigated. Each time you visit under this visa,you can stay in the country for a period of 90 days which can be extended. In order for you to get this visa you need to have a bank balance of around AED 15000 or equivalent in foreign currencies during the last 6 months before setting forth your visa application. Golden Visa Golden Visa allows foreign nationals to live in UAE for up to 10 years for education and work.The UAE has extended the categories of eligibility to apply for a Golden visa. The 10-year Golden residence will be permitted to investors, entrepreneurs, unique talents, scientists, outstanding students and graduates, and other skilled workers. The new updation allows the golden visa holder to sponsor their respective family members regardless of their age. The new scheme allows the golden visa card holder to remain outside the Emirates for indefinite periods of time. Earlier on, they were only allowed to stay outside UAE for below 6 months and if this time period was exceeded visa was declared invalid. Real estate investors who purchase a property worth AED 2 million are eligible for the golden visa permit. This is also applicable when a property worth AED 2 million is brought by an investor through loan from specified local banks. Entrepreneurs can also obtain the Golden visa if their company is registered within the UAE and should come under the small and medium enterprise (SME) category with annual revenues of AED 1 million or more. Doctors, nurses, and other medical staff are also being granted the golden residence in “recognition of their efforts and sacrifices”. A 10-year visa is allowed for people with exceptional talents in the field of sports, arts, culture, law and other fields. These are granted purely based on the outstanding ability and talent they possess in their area of expertise and approval from a local government or equivalent is required along with this. Green visa The new 5-year green visa is intended to attract eminent talents and proficient workers from around the globe. Freelancers, investors, businessmen, Self-employed individuals who wish to have a business setup in Dubai, Abu Dhabi or any other emirates, and other prominent personnel all can obtain green visas without a sponsor or host. Green visa holders will also have the merit of sponsoring their spouse, children and first-grade relatives. They have the option to sponsor their male child till the age of 25(previously 18 years) and unmarried female children can be sponsored indefinitely. They can stay back a period of 6 months after their green visa validity is over. Self-employed/freelancers with respective permits from the Ministry of Human Resources and Emiratisation, a bachelor’s degree and a monthly salary of AED 15000 or more are eligible for a green visa. Five-year residence for investors is granted by producing their approval and proof of investment along with approval from local authorities. The above-mentioned changes were approved in the month of April by UAE’s cabinet and they were announced on October 3 by the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP). This has resulted in an increase in the number of visitors to the UAE, as well as an increase in the duration of stay for those who do visit. The new visa rule also has a favorable effect on business setup in UAE, as it has made it easier for companies to bring in foreign employees or clients. The rule has been particularly advantageous for companies that rely on international talent or that have clients based abroad. The increased number of visitors to the UAE has also led to an increase in business opportunities and investment. Planning a business set up in UAE could be a very profitable decision as it is a hub of excellence and your business could benefit from the diverse range of people who visit/stay there. With that being the case and with the updation

Although the processes and prerequisites for establishing a business in Dubai are not difficult, the rules are stringent. The government has developed tight norms and regulations for business establishments to promote seamless governance and a spam-free operation. The procedure may appear a little complicated when you first see it, but after you are familiar with all the steps, it becomes rather straightforward. Have you heard of business setup consultants in Dubai? If you are a budding entrepreneur seeking to establish a business setup in Dubai, you should conduct research on business setup experts in Dubai. A business consultant may save you a significant amount of time. With the assistance of specialists, your chances of making mistakes throughout the process of business setup in Dubai are also reduced significantly. This article will go through business setup procedures and the assistance available from business setup consultants. To guarantee a seamless completion of operations, the regulations must be rigorously observed. Dubai is well-known for its excellent commercial infrastructure and way of life. Investors are drawn to Dubai by tax incentives, a business-friendly atmosphere, and an open gateway to the global market. Before we get there, let’s have a look at company formation in Dubai and the assistance that business consultants may provide. Here is a list of procedures for company formation in Dubai, as well as an explanation of how business formation consultants may help you. 1. Clear idea about your business activities Having a clear-cut idea about your business activities is the first and foremost step you should take before registering your business setup in Dubai. But many of you could have a doubt that how it is related to the procedures. The answer is for specific approvals for the functions should be applied before the functioning. You should pick a free zone setup if you want to form a company in Dubai in a specialised economic business zone. The company structure will rely upon that chosen business activity. If you also want to start your business on the mainland, you can register as either a single establishment or an LLC. For your business licence, you also need to list out your company’s operations. It’s a prerequisite before engaging in legal action. A precise identification of company operations may also assist you in planning the stages to success. So, take this into consideration as a key factor before registering a company setup in Dubai. Business setup consultants’ obligation Business setup consultants can aid you in laying out company operations based on the business concept you have. Business consultants in Dubai will assist you in achieving a clear notion, whether it is a hazy idea of action. This covers marketing, formulating the company’s strategy, operating, and so on. They support you in identifying the legal activities to be conducted based on the functions once you have listed them. 2.Registering the company’s trade name Finding a name that fits your business operations is an essential phase of business setup in Dubai. It is also a crucial aspect of branding. It represents the major pull for your organisation. The most essential thing to remember is to completely adhere to the UAE government’s standards while choosing a trade name. Names that are offensive to any group, particularly religion, should be avoided at all costs. The responsibility of company formation consultants in deciding a trade name Before verifying the trade name, an organisation should follow a strict regulatory requirement, as outlined in the procedure. At this stage, company setup consultants in Dubai could be of great assistance. They could be able to assist you in confirming the trade name based on trade name regulations. With the assistance of these specialists, the company setup in Dubai will proceed effectively. They concentrate on the legal formalities after certifying the name. The assistance of company setup consultants might significantly reduce the time required for registration. A business consultant can also assist you to remember when and how to renew your licenses. 3. Choose the best location for your company. A good business location is very important in creating your company. The budget, future planning, and processes are all determined by the place you choose. Furthermore, exposure to other economies; resource availability, infrastructure, tax and regulatory systems, and so on—varies from place to place. There are several benefits and drawbacks in selecting business zones. Experts in business consultants in Dubai will help you select the ideal site for the organisation Regardless of whether you are a business aficionado, you may have reservations about doing business in Dubai. There are various tactics for surviving in Dubai, the most important of which is to pick the right location. The location must be suitable for long-term planning. Dubai is undergoing rapid transformation. So, choosing a place that may change shortly is thus a huge difficulty. Business consultants in Dubai look at bigger business settings that are relevant to your company’s nature. It might end up saving you a lot of money in the long run. Several business models did not even require a physical site to operate. Consultants propose that you employ virtual space if your company doesn’t require a physical site to operate. 4.Legalizing the functioning of your business setup in Dubai If you wish to start a business in Dubai on the mainland, you must work through a local service agency (LSA). He or she wouldn’t interfere with your company decisions; instead, they would only help you get the licences and other authorizations you need. You are no longer obligated to provide UAE citizens a 51% stake in your business, even if you are on the mainland. Depending on your company’s organizational structure and commercial plan, the Memorandum of Association (MoA) must then be signed and formed. Company registration in Dubai necessitates that all documentation be completed in order for the business to function smoothly in the future. Laws and regulations will be handled by business experts Dubai is divided into business zones, each with its own set of laws and regulations. Laws and restrictions

The UAE is renowned for having the world’s most straightforward tax system, Here Value Added Tax (VAT) just underwent a historic transformation. This is seen as a significant revision to the VAT amendment laws in the country. The business community in the UAE and Dubai is preparing for a change. Nation has made this unique modification to make it simpler and more beneficial for locals and business owners. Value Added Tax (VAT) was introduced in UAE January 1st,2018, with a tax rate of 5% . Businesses set up in Dubai should work under this system. VAT is an indirect tax that fuels profitable corporate activities. In order for the government to check that your operations are running well, you must compile and keep a variety of accounts, company records, and tax records if you want to be registered under the VAT law. According to experienced auditors, tax experts, and accounting professionals, the installation of VAT in the UAE has had a significant long-term impact on the expansion of the UAE economy and enterprises. Let’s check on how VAT effects on Setting up a Business in Dubai. VAT is applicable regardless of whether your business is located on the Mainland or in a Freezone. Businesses in Dubai should strongly consider registering for VAT. However, this does not apply to products being transferred between specified zones. VAT’s Impact on Businesses Entrepreneurs must meticulously track their firm revenue, expenses, and VAT charges. VAT is charged to registered businesses’ consumers in order to total the charges made by their suppliers for goods and services. The balance must be paid to the government. VAT-registered firms are required to charge VAT on taxable products and services they provide.  They are entitled to a refund of any VAT paid on business-related items or services.  They must preserve a variety of company documents that will allow the authorities to ensure that everything is in order. VAT-registered enterprises are required to declare all VAT charges to the government. They must pay the difference to the government if they charged more VAT than they paid. UAE government has made amendments to VAT after five years of VAT implementation. There are some important facts behind the VAT amendments. Let’s check it out.  The new amendment of Value Added Tax 1. Extended time period for Tax Audit In general, a tax audit for a monthly or quarterly tax period cannot be carried out after five years have passed since the end of the tax period. If a taxpayer has been informed of the start of a tax audit within 5 years of notification, the actual audit can be done and/or finished within the next 4 years after such notification. 2. Tax evasion A tax audit may be carried out in the case of tax evasion within 15 years of the conclusion of the tax period in question. 3. Positive news for exporters The law exempts owners of 100% supplied businesses from ongoing VAT compliance. These companies have the opportunity to apply for a VAT registration exemption. From first January 2023, the company who has already registered VAT could apply for tax exception. The business that has already registered for VAT may request a tax exemption as of January 1, 2023 VAT law change. 4. Additional adherence for input credit on service import The rules have also been tightened. This includes adherence to additional input credit on import service. Many businesses pay their overseas service providers based on agreements rather than requiring the service providers to issue an invoice. According to recent changes in VAT laws, Input credit for the import of services can only be recovered if the taxpayer receives and retains invoices in accordance with the VAT laws. 5. Retention fees and the construction industry VAT may become due if the interval between the successive milestones of delivery of goods or services and retention payment claims exceeds 12 months. A one-year expiration date from the day the goods or services were given has now been included as a particular date of supply for VAT purposes. This should be very useful fir a construction business set up in Dubai. 6. VAT on Authorized supplies to linked parties Prior to the enactment of the new regulations, deemed supplies, such as the free delivery of products to relatives, might have resulted in a VAT liability. According to the revised VAT legislation, a firm may not be liable for VAT on FOC products or services provided to related parties if the recipient company is otherwise allowed to recover 100% of its input costs. These are the major factors that affected after VAT law amendment. Let’s look upon the major change that is going to happen after the regulation of tax law. The UAE Ministry of Finance has brought amendments to Federal Order No. 8 of 2017 related to value-added tax. It has been announced that amendments have been made to previous years’ legislation on taxation in line with international best practices relating to VAT and the Uniform GCC Tax. If a business establishment is currently registered under the VAT system and exclusively deals in zero VAT or non-VAT taxable products and services, it can petition for exemption from VAT registration under the legislation. VAT is not levied on Exports, Educational services, Health care services, or Dwelling rent. Because of the VAT reforms, business setup in Dubai is currently seeing a strong chance in various business sectors, particularly exporting businesses. The changes made in the new amendment includes fixing the time limit for submission of the tax credit note to 14 days for the tax payable based on the deadline of the invoice. Under the new amendment, the Federal Tax Authority will also be empowered to compulsorily cancelling the registration of the company. The new law amendment also provides more clarity on matters, including the definition of tax. Let’s point out the changes for more details of VAT amendment The business environment in Dubai is conducive to growth. People are drawn to do business in

Dubai has consistently been a commercial haven for a very long time. Since the Dubai government is frequently revitalizing the laws, there has never been a better moment to launch a business. That’s a remark that would have likely been accurate at any point in the last decade or so, but now, the indicators are very encouraging. Every young businessman dreams of starting a company in Dubai. Having a place in the global market is beneficial to them. However, starting a company organization in Dubai is not a simple undertaking if you do not thoroughly investigate the requirements. It is crucial to conduct careful research and gain a complete understanding of the laws and regulations. You can only enter the market if you have a specific business plan. Dubai is well-known for being a center for commerce. A good business concept will aid in your development. Company formation in Dubai opens doors for connections, growth, and investments. Dubai is known for its best business infrastructure and lifestyle. Tax breaks, a business-friendly environment, and an open door to the global market all draw investors to Dubai. Before that, let’s look at the procedure of company formation in Dubai. Dubai company formation procedure, rules, and guidelines 1. Complete understanding of business operations The business model of your company is based on how it runs daily. Furthermore, several acts call for certain approvals and certificates, which you must identify and present to the appropriate authorities. If you wish to register a firm in Dubai in a specialized economic business zone, you should choose a free zone setup. Additionally, if you wish to launch your firm on the mainland, you can register as either a sole establishment or an LLC; the company structure will depend on the chosen business activity. You’ll also need to define your company’s activities while selecting a specialization for them for legal reasons. There are countless potential business activities that a company could pursue, and some businesses even engage in a number of them, all of which need to be listed. You must mention every activity your business engages in because you will require this information to apply for a business license. You’ll save time in the future, and the process will be substantially simplified. This is the first and foremost step to be taken before the company’s formation in Dubai. 2. Registering a trade name for the company Registering a trading name is a crucial part of starting a business in the UAE. Trade names that contain terms that describe the nature of your business are advised because they boost the prominence of your company in the market. A company name is more complex than an ordinary name. It acts as the foundation for both your brand and your company’s label. Additionally, trade name reservation laws in the UAE must be followed. Additionally, abstain from using names that are provoking or that might insult someone’s religious sensibilities. Any business with a base in Dubai, Abu Dhabi, or any Middle Eastern emirate is subjected to this. 3. Select the ideal business location. An ideal location for your business has a great role in shaping your company. The budget, future planning, and procedures are based on the location you select. Additionally, the exposure to various economies; resource availability, infrastructure, tax and regulatory policies, etc., changes from one place to the next. There are many merits and demerits associated with selecting business zones. Get assistance from business consultants or do thorough research before selecting the location. 4. LSA and MoA draughts Working with a local service agency is necessary if you want to establish a business in Dubai on the mainland (LSA). He or she would merely aid you in obtaining licences and other necessary permissions; they wouldn’t become involved in your business decisions. Furthermore, even on the mainland, you are no longer required to give UAE nationals a 51% share of your company. The MoA (Memorandum of Association) must then be signed and established depending on the organizational structure and commercial strategy of your firm. Company formation in Dubai requires all the paperwork to be clear for a smooth run in the future. 5. Choose an Appropriate Jurisdiction. The final step before submitting your application for a business license in Dubai is deciding whether to locate your firm in a free zone or on the mainland. Both offer several benefits. Free zones like Fujairah Creative City provide benefits like a quick and easy incorporation procedure, real business assistance, and financial incentives like tax exemptions and no currency limitations. For company formation in Dubai, you may directly trade with the UAE market and apply for potentially lucrative government contracts while conducting business on the mainland. The optimum configuration will depend on your company’s demands. Once more, a professional business consultant can advise you on the best course of action. 6. Applying for a business license Also keep in mind that enterprises on the mainland must submit a licensing application to the DED. Free zone firms, on the other hand, can apply for their unique authority. Additionally, if additional government permissions are needed after obtaining a company license, you must get them. The government will provide you with a company license once it has processed your application. 7. Open a bank account in Dubai A lot of individuals find themselves so overworked from all the duties needed to start a business that they overlook how important it is to get a business bank account. When starting a business, having it connected to your personal bank account is the last thing you want. This might have a lot of unresolved problems that could arise. Fortunately, opening a business bank account will enable you to keep clear of most of these problems. You might be asking why having a company bank account is so important in the first place. The ability to discriminate between business and personal spending makes this possible. Again, this will spare you the time and labor required for company formation

Now is the right time to Setting up a Business in Dubai. The Dubai government offers exciting opportunities to attract business investors from all around the world. Business activities are boosting up and more conventional business opportunities, are awaiting. Setting up a business in Dubai has become more flexible. The infrastructure boosts business setup in Dubai day by day. Dubai has now the ultimate world for investors’ business paradise all over the world. The Government has regulated the laws and regulations which is very flexible for Setting up a Business in Dubai. By allowing 100 percent ownership for foreign investors, the city has turned out to be a dream designation for a Company Formation in Dubai. Are you confused about setting up a business in Dubai  Or when you can set up a company in Dubai? The answer to the first query is simple Dubai is one of the best places to set up a company in UAE. Dubai is considered to be the hub of the world market. Setting up a business in Dubai will only help you to reach high reach outs. Having a better business idea that can make an impact on the market will make you grow, here Dubai opens up the Global market. Tax exemption, Government support, Easy reach out to other countries, Better infrastructure, and several privileges attract investors to Dubai. So don’t hesitate to start a business setup in Dubai. Time is now. UAE has formulated its regulatory system regarding the business set up in Dubai in 2022. Before 2021, setting up a business setup was only possible if the investor gets a sponsor who owns a 51% share of the company. Now things have changed. 100% ownership for the foreign investor is guaranteed. This was a big leap taken by the Dubai government for a Trade license in Dubai. Dubai is the core place where technologies and infrastructure are fully fledged structures. Living in Dubai is so comfortable with the better infrastructure provided in the city. They have been implementing several changes to make the city a better place for investors. Specific trade zones are established for various industries. Rules and regulations for setting up a business in Dubai are not complicated and if you feel like seeking help, eligible business consultants will assist you. Easily accessible Transportation modes, infrastructure, etc. add up the quality of living in Dubai and encourage aspiring business people to this business hub. The EXIM policies of the Government add to the investor environment of the country. Moreover maintaining the world’s Easiest travel regulatory policies and their availability boosts the Business setup in Dubai. Dubai is the commercial capital Now, Dubai has emerged to be the business capital of the United Arab Emirates. Dubai is the business hub of the entire UAE. Huge investments are made in Dubai which makes a better economy in Dubai. All the investors love to take part in the Dubai economy. Growth in diverse economy UAE was known for its oil economy. The investments were only made in oil sectors.  Earlier UAE’s entire economy was dependent on the oil sector. But The recent report showed that a subsequent proliferation of the non-oil economy is happening. Investors are interested in putting money in other sectors like construction, trade etc.  The main focus now shifts to Dubai tourism in high standards. Dubai has now become a world class tourist destination. This is the right time for setting up a business in Dubai. At first Dubai was on a developing stage. As the economy grew, investments flowed to the city and now the city is fully developed in all sectors other than oil. Increase in foreign investment Dubai is subsequently improving the chances for foreign investments. Rules and regulations are frequently amending for easy investment opportunities. The existing deals with leading global cities are strengthening and new tie ups are planning to happen. This will benefit each and every entrepreneur in Dubai. Great opportunities will emerge in the city. Business set up in Dubai will always be in an improved stage. Setting up a business in Dubai now is a smart move you should take without any second thoughts. Growth in Real estate 2022 and 2023 are two great years for the advancement of real estate. The recent news is a sign for a huge boost in the real estate sector. The Dubai Land Department has received a delegation from the US. 150 real estate agents and 11 investors from private and public institutes are interested to invest in Dubai. This delegation is a huge piece of news that conceals that Dubai is going to be a world icon. Also, there are several other huge investments that are going to happen in 2023. Easier to enter in the market The government’s plan to diversify the economy has made laws and regulations easier to handle. Business-friendly authority and procedures attract entrepreneurs to the city. Dubai’s new business packages have removed numerous fees for setting up a business in Dubai. Business setup in Dubai is also easy to adapt for the new investors. New favorable payment terms also reduce the time period of the procedures. Skilled human resources Best talents from around the world are attracted to the infrastructure and living style of Dubai. A lot of foreign nationals are living in the city. This allows entrepreneurs to find skilled employees for their companies. Free zones are implementing major knowledge hubs that support entrepreneurs to improve the skills of their employees. Visiting visa helps scholars from around the world to stay in Dubai and find the right job for their future. The skilled workforce are flying to Dubai from various countries. It is one of the largest employer countries in the world. So there is no undersupply for skilled human resources. Ideas of expansions Dubai is planning its developments thinking about the opportunities that could be made in the future. A futuristic approach towards all the expansions and developments is still on work. The goal beyond

Dubai is one of the business paradises of the world. The infrastructure and opportunities Dubai provides is wide and prosperous. The reason for the development of this region as a business hub is because of the embracement of the government by providing all the support. Dubai provides the easiest and safest way for starting a business for budding entrepreneurs. Dubai also opens up an international market which helps every business structure to grow without boundaries. You can also seek help from company formation consultants in Dubai. Company formation consultants in Dubai function without any hidden charges or spamming. So company formation in Dubai is an easy task if you know all the facts and rules behind it. Company formation in Dubai needs a clear vision of the business and how to build the company for the future. There are several business setup in Dubai that help you to grow as a successful businessperson. Selecting the appropriate business structure for it is a real task. Investors from all parts of the world have eyes on the business setup in Dubai. If your idea is innovative and futuristic there is a higher chance to attract investors towards your company. Benefits of Business setup in Dubai Company formation in Dubai is first of all a great opportunity to have an international identity. It’s not the only privilege that you can have when you form a company in Dubai. There are more benefits you can count on. 1. Government support The Dubai government gives you the best and most advanced business infrastructure. Other than development they also provide you the best security for your company. The rules and regulations in Dubai are so business friendly that you can enjoy all the privileges that are provided by the government. They also keeps on amending the rules to make the city a better place for new entrepreneurs. Global events like business expo helps you for your business expansion. Moreover they keep on hosting global events regularly. A person can start a business setup in Dubai by himself. Rules and regulations for company formation in Dubai are so easy to follow and implement within a few weeks. Company formation consultants in Dubai also help you with a tension free procedure for company formation. 2. No taxation The best benefit that you can get for company formation in Dubai is the taxless service. The Dubai government offers total exemption of tax for all the sectors. This includes income tax and corporate tax. 3. Technological advancement Dubai is a city where you get the most advanced technological facilities in the world. The digital advancement in Dubai has made the life of the emirates more easy. They are using technologies futuristically. From reducing traffic to entertainment they have used the technology in the most advanced way. E Commerce has grown in a more advanced way that provides online businesses a great opportunity to start in the Dubai market. World Class internet service, transforming medical infrastructure and developed living standards gives Dubai a favorite place to work. 4. Infrastructure Infrastructure in Dubai is changing and developing on each and every day. It keeps evolving time after time. Dubai infrastructure is one of the major factors that attracts business persons from all across the world. Well-connected public transport, efficiently maintained traffic and connection with seaport and airport are the major attractions of Dubai. Dubai provides a quality lifestyle and comfortable living space for everyone. 7. Time-saving and cost-effective government procedure If you get to know all the procedures and how it should be done in the appropriate way, company formation in Dubai is a simple plan of action. There are not any complicated procedures to deal with. Documents should be proper and genuine. Cost for the documentation is dealt with in the proper way that there are not any hidden charges or delays. For a smoother and tension-free deal with the procedures, you can get a company formation consultant in Dubai. 8. Genuine Company formation consultants in Dubai Dubai is known as a genuine and scam free place for all the works. Company formation consultants in Dubai are providing the most genuine service for saving your time and making everything clear. Company formation in Dubai is an easy procedure when you have a genuine consultant. Procedures for company formation in Dubai Company Formation in Dubai is relatively easier on the free zones. Free zones need minimal paperwork and procedures to start your company. Dubai is known for the easiest place to start a company in your name. They provide you with 100% ownership and taxless service. 1.Determine the type of legal entity You can set up two types of companies in the free zone. Free zone limited liability companies and Freezone establishment are those two sectors. Number of shareholders and the shareholding person’s identity makes both different. According to the activities of your company you can select whether freezone or mainland to start the business. It’s an important procedure to determine the company activity and how the work should progress. 2.Trade name There are many complicated guidelines to follow before selecting the trade name. It is an important procedure to follow before the company formation in Dubai. More than that, a trade name is your company’s primary identity. It should reflect the nature of the business you are doing. Also follow the strict guidelines before registering the name. Avoid the names that provoke the beliefs of the religion or harass a person. The words should not duplicate any other. 3.Applying for the trade licence Select whether to start your company in a mainland or a freezone. The procedures to apply for a trade licence in Dubai mainland is handled by the Department of Economic Development. You should apply on behalf of the rules and regulations implemented by DED. For a freezone trade licence, you should apply at an independent regulatory authority. They are issuing the licence on free zones. 4.Open a bank account After completing all the paperworks and procedures the

Trade Licence is one of the important requirements for doing business in Dubai. Setting up a business in Dubai is considered to be consumer friendly. But if you are not familiar with the procedures it will take a long time to renew the trade license. Trade license renewal in Dubai is very important as they will charge heavy fines, ban the business license or freeze all the business activities if it is delayed. Trade licenses should be renewed every year for convenient trade relations. The process of trade license renewal in Dubai is easy to get if you know the procedures well. You can grab your license within a very short time with our helping hand. With the help of a business consultant like us, there is no need to worry and will help you to find a low-cost business setup in Dubai. It will lead your company towards international relations and level up your standards. Trade Licence in Dubai is issued by the Department of Economic Development. There are three kinds of licences that are issued by DED which are Commercial license, Industrial licence and Professional licence. Trade Licence Renewal in Dubai is easy and it will be renewed within a short time if you have a business consultant to take care Licence Whether you don’t have enough time to deal with procedures we will be there to help you out. Steps for Trade Licence Renewal in Dubai Trade Licence in Dubai will be valid for only one year. You must renew your licence every year to continue without any fine. You should start to renew the licence before one month of the expiry. If you didn’t renew your licence, you will have to pay 200 AED every month after the expiry. It is really important to monitor all the paperworks timely for a smooth running Business setup in UAE. Lets checkout the procedures of Trade Licence Renewal in Dubai in a short time. Documents needed for the renewal You must have a valid tenancy contract of at least one month. Also make sure that Tenance Contract is attested by the Ejari. If you fail to check the validity and the details your trade licence will be cancelled. If the validity of the contract is corresponding with the trade licence, the applicant could renew both at the same time. Check all the details mentioned above. Any failure in attesting with the Ejari applicant can even get arrested. Old Trade Licence should be submitted before applying for the Trade Licence in Dubai. Original copy is not needed for this process. Applicants could carry a copy of the Old Trade Licence for the procedure. Old Trade Licence is the proof for all the business operations of the company. In case you fail to submit the copy of the old trade licence, Trade Licence renewal in Dubai will be cancelled. BR/1 form is mandatory to fill before applying for the Trade Licence in Dubai. After filling the form, applicants must get the sign of all the partners before submitting the copy. Form must be submitted to the DED department for the renewal of the trade licence. These processes are easy if you have a business consultant to help. Process will be done within a short time and the chance of cancellation is less. Setting up a business in Dubai is very easy considering other countries. Each of the business partners should submit the copy of their passports before the DED department. If the business has not any partners, a passport copy of the owner will do. It is mandatory to submit the passport copy of all the stakeholders in front of DED if you have partners. These are the proofs you should carry for the renewal of your Trade Licence in Dubai. As you collect and recheck the details of the proofs the process will be short and easy. If you have any doubts regarding the renewal you can contact the business consultant for further details. Further step is to carry original and photocopies of the Documents which you need to submit before the DED department. It is important to check the renewal date and confirmation of all the details to carry forward the company setup in Dubai. Upon your submission of copy of Tenance contract and Old trade licence fill up the BR/1 form to the DED department. They will evaluate and check whether the details and documents which you have submitted are valid and up to date. Within a few days after the valuation they will reach out to you for confirmation. Last and final step for the renewal process is fee payment. Once the payment is done you will get a payment token from the DED department. The amount for the trade licence renewal varies according to the type of licence you have applied for. It ranges from AED 8000 to AED 15,000. This is issued by the government for the service they provide you. The amount of local service and business consultants will add on to this. After all these processes are done your trade licence will be renewed within a short time. Freezone trade renewal is slightly different. No objection certificate from the free zone authorities will be needed with the application. Your current trade licence should be submitted in order to get the NOC certificate from the authority. The time period for all these procedures are very less if you seek service from us. We will help you verify and recheck all the documents and make it clear to submit. There is no chance of declining your documents when you have our back. Process will be short and clear. All the procedures will be monitored by our professionals till you get the licence from the authority. Now Trade Licence renewal in Dubai is not a long term process and there is nothing to worry about.