Chat with us, powered by LiveChat admin - Shuraa UK - Page 10 of 11

admin

Start Gold Trading Business in Dubai

How to Start Gold Trading Business in Dubai?

There is no doubt in the fact that Dubai is famous for its jewelry worldwide. Tourists from around the world visit Dubai to shop for gold and diamond jewelry. Given the higher tourist traffic, demand, and consumer sentiment, the UAE gems & jewelry market is expected to reach USD 10.71 billion by 2027, growing at a CAGR of 6.53% After reading the figures, it’s only natural if you are thinking of starting a diamond business in Dubai. And why just diamonds? You can also consider starting a gold trading business in Dubai as the gold market is the richest, blooming market in the country. The prices here are affordable, lesser than anywhere else. Moreover, the designs and gold buyers that you find here are remarkable. As for other precious metals and stones, Dubai sources them worldwide.  If you plan to start diamond trading in Dubai or Gold trading in Dubai, this blog will walk you through all the essential information you must know to step into the jewelry market of the UAE. Benefits of a Gold Trading Business in Dubai If you’re wondering what’s so special about starting a gold and diamond business in Dubai, then here’s what you need to know: Establish your gold business in the Dubai-free zone and enjoy 100% ownership of your business. Moreover, you get to rope in maximum benefits.  The quality of metals and precious stones in Dubai is famous globally. Hence, the demand is always high, and the business will flourish without any shortage of customers.  Enjoy 100% repatriation of capital and profits without paying taxes. Benefit of exemption on corporate tax and income tax. 24/7 operational facilities let you have the advantage of an ‘always open’ business Easily hire expatriate workers with minimum paperwork and maximum government support. Get easy access to all supporting business functions and facilities at your disposal. You don’t have to worry about the Dubai heat. There are centralised AC complexes where you can easily set up your showroom. Facilities like exhausts, ventilation systems, and acid waste disposal systems. Taking note of the security requirements of the gold and diamond business in Dubai, you get 24/7 security personnel. Additionally, CCTV, fire alarm system, etc., are installed in all units. All the gold manufactured and sold from Dubai Gold and Diamond Park is hallmarked. Shuttle services in and around the complex. Ample tenant parking, building management system, and flexible leasing options from 1-5 years with spaces ranging from 310 sq. ft. to 14000 sq. ft. Where To Setup a Gold Business in Dubai? You can choose to set up a wholesale or retail gold trading business in Dubai, in a Free Zone, Dubai Gold and Diamond Park or a Mainland Region.  DMCC Freezone The Dubai Multi Commodities Centre Freezone serves the whole gold value chain, from R&D and refining to trading finished jewelry and investing. Moreover, this free zone offers the Dubai Gold and Commodities Exchange (DGCX), a trade finance product, DMCC Trade flow, and the Dubai Good Delivery Standard. Dubai Gold and Diamond Park If you don’t want to set up your jewelry shop in a traditional gold market setup, you have the option to set up in Dubai Gold and Diamond Park. It is home to approximately 90 retailers in a commercial complex located on Sheikh Zayed Road. Moreover, it has been upgraded to 118 manufacturing blocks and 350 commercial office spaces under current expansion plans. Dubai Mainland You also have an option to set up your gold trading business in Dubai Mainland. The Gold Souk market, a traditional market in the heart of the commercial district of Deira, is the best location in the mainland region for a jewelry business. It is home to over 300 retailers who exclusively trade in gold, diamonds, and other precious metals and jewels. Here, you can sell directly to the public. The best part? Often, it is a checklist item for tourists exploring the Dubai streets. Moreover, the Dubai Gold Souk has been a staple destination for gold buyers for years. Fun fact – you might be surprised to know that up to 10 tons of gold are present in the Gold Souk at any given time! Documents To Start a Gold Business in Dubai Here is a list of documents you must keep handy to start a jewelry business in Dubai: Passport copies of all business partners and owner Resume of the manager of the business Trade name registration and get all legal documents as proof Obtain all necessary certifications and permissions for initial approval from the respective legal departments. Draft and sign a Memorandum of Association and an Article of Association. Tenancy contract and unique Ejari code.  A capital of AED 1,50,000 to set up a business in a Dubai Free Zone. Also, you might have to pay rent for Gold Park management and a 15% annual unit rent (refundable).  What Is the Process To Start a Jewellery Business in Dubai? To start a jewelry business in Dubai, a proper plan and company registration are essential. Once you set up your company, you can then make connections with international channels and form a supply chain to start profiting from your business. Here’s how you can set up a gold and diamond business in Dubai: 1. Select Location and Register Trade Name As mentioned earlier, you can register your company either in a DMCC-free zone mainland region of Dubai Gold or Diamond Park. Once you decide on the location, submit the required documents and register your business name with the concerned legal departments. Make sure you comply with all the company name guidelines established by the Dubai government while deciding on your trade name.  2. Get a License If you want to set up in a free zone, you must apply to the concerned managing authority. However, if you plan to set up your business in a mainland region, you can apply for a license through Shuraa consultant. You can draft your license application on your own or
Read more
cost of company registration in Dubai

How much does it cost of company registration in Dubai?

With about $20.5bn worth of investments in the UAE from the United Kingdom, the country offers a growth-oriented business environment to UK investors. Moreover, Dubai’s geographic location makes it one of the most sought-after business destinations in the world. As a business hub, the place offers excellent global connectivity and entrepreneur-friendly commercial laws.   Being a UK investor, you can enjoy full ownership rights and long-term residence visas in Dubai. However, when it comes to starting a business in Dubai, understanding the Dubai company registration fee structure is an important criterion.   This article gives you a brief idea of the company registration cost in the UAE for different offshore and onshore businesses.  Components of business registration cost in UAE There are various considerations when it comes to UAE company registration fees. Here is a breakdown of various costs investors must consider while setting up a business in Dubai.  1. Registration Fee The Dubai company registration fees are a one-time payment made to the authorities during the registration process. The actual amount depends upon several factors including the number of shareholders, visa applications, commercial activity, the legal structure of the firm, and the free zone.   2. Office Space Obtaining a company license in Dubai necessitates the rental of office space. Since it will be your official address, the authorities send all legal paperwork and correspondence to this location only. Each free zone in Dubai has a choice of workspaces to suit your demands, including service, smart, and Flexi-desks. Experts at Shuraa UK Branch can help you find an appropriate and affordable office space for your firm.   3. License Fee One of the most important steps in operating your business in Dubai is opting for a company license. The four most common sorts of company licenses are:  Commercial License for general trading businesses Industrial License for manufacturing goods. Tourism License for travel and tours. Professional License for service-related businesses. A company’s trade license must be renewed every year. Hence it is recurrent expenditure. Additionally, the license fee depends on your business activities and chosen jurisdiction.  4. Share Capital Depending on the company’s operations and licenses, the minimum share capital amount varies greatly in each free zone and can range from as little as AED 1,000 to as high as AED 1,000,000 approximately. The minimum share capital requirement for free zones in Dubai is around AED 50,000 in general.  5. Initial Approvals Companies need to get an initial approval before obtaining the trade license. Besides, you can determine the economic activities, the legal form of the company, and the license parties (partners) through initial approval. UK investors can obtain it before or after the trade name reservation. The total cost of issuing the initial approval is approximately AED 120. Moreover, it is a one-time government fee  6. Trade Name Reservation Reserving the trade name is the process of securing a name for your company by which it will be identified. The fee for registering the trade name in Dubai is approximately AED 620. However, if you want to register a foreign name, you need to pay around AED 2000 as the registration fee.  7. Corporate Bank Account If you’re a UK investor looking to register a corporate bank account, you might be wondering how much it costs to do so. The real kicker is that UAE local banks, like most banks in other countries, do not charge any fees for opening a bank account. However, all local banks need you to maintain a minimum monthly average balance, which ranges from around 50k AED to 500K AED. Besides, each bank has different minimum monthly average balance categories.  Cost of company registration in Dubai from UK The cost of company registration in Dubai ranges from AED 25,000 to AED 29,000 depending upon the nature of your business, jurisdiction, and visa applications. Services Company with a virtual office and trade license for one year. Consultants at the Shuraa UK Branch can help you know the charges levied at the initial stages, update you on government services, and even find you an affordable location for your office.  We have discussed below how much the prices can differ, by providing you with an estimate of Dubai business setup Costs for Mainland, LLC, Free Zone, and Offshore company.  1. Mainland  One of the most sought-after business investments in Dubai is mainland company registration. Investors can actively reach out to a multicultural audience and build their business in Dubai.   The cost of starting a business in Dubai Mainland depends upon the nature of the business, the cost of obtaining a visa, and the cost of renting or purchasing office space. It includes notary, licensing, and registration expenses, as well as legal translations, which are all required by the government.  A mandatory fee that has to be paid by the investor is the Investor Visa fee which should be renewed every three years. In addition, an investor must pay a yearly sponsorship charge, one-time legal expenses, and a commercial property fee, as well as the cost of a visa for each individual.  2. Free Zone  Alternatively, UK entrepreneurs can also register a company in a free zone. In free zones, the cost of registering a business in Dubai depends on the free zone selected, this cost may vary. Similarly, the fees related to getting a trading license are separate.  3. Offshore   The Jebel Ali Free Zone, Ras Al Khaimah (RAK), and Ajman Free Zone are the three primary jurisdictions in the UAE where international investors can set up offshore corporations. The Dubai company registration fees will vary based on the jurisdiction you select. All corporations must be formed by a registered agent who is certified by an accreditation authority in the UAE to provide corporate counsel and other legal services.   Documents required for company Registration in the UAE Memorandum of Association (MOA) and Articles of Association (AOA): Shareholders’ and directors’ passport copies Proof of residential address Company name reservation form Ejari contract Trade license NOC from the sponsor Bank reference letter Register your Company in Dubai
Read more
open a clinic in Dubai

How to Setup a Medical Clinic in Dubai?

Starting a clinic in Dubai requires proper licensing and compliance with local regulations. UK citizens can benefit from tailored support in navigating the process, ensuring a successful venture in this vibrant market. The UAE is increasingly becoming a draw for UK healthcare providers to set up centres that serve as medical hubs for patients both locally and overseas while bringing in revenues for their hospitals in Britain. Various renowned hospital brands open a clinics in Dubai (branches) for a host of reasons. A few of which are: to expand their patient base, diversify revenue streams and conduct research.  Dubai is pushing to become a globally leading healthcare destination. Moreover, in 2015, according to the Dubai Health Authority, 26 hospitals in Dubai received 632,000 medical tourists, 53% of which were from the UAE and 47% from other countries across the globe.  As part of its Health Strategy 2021, Dubai aims to attract 500,000 foreign patients a year within four years. The government’s national strategy, “to develop health care as a medical tourism hub,” is another factor encouraging UK hospitals’ and clinics’ push into this country. After reading these facts and figures, it is only natural if you want to open a clinic in Dubai too. This blog will walk you through the benefits, documents, registration and license process, and the costs involved. Let’s dive in! What are The Benefits of Opening a Clinic in Dubai? Getting a private clinic license in Dubai can benefit you in many ways. Here are a few prominent ones:  Avoid paying any taxes 100% repatriation of profits and capital Wealthy local and international patients from across the globe Highly supportive government Ability to recruit from a pool of well-trained staff. Relatively stable business environment with regulations for medical tourism already in place. Documents Required for Opening A Clinic in Dubai To set up a medical clinic in Dubai, you need the following documents to get approval from DHA: Passport and Visa copies of the owner and partners. Emirates ID of the owner and partners. Layout/floor plan for the facility, duly approved by the municipality. Proposal letter from the owner/partners or whoever has the power of attorney. Affection plan from Ejari or Dubai Municipality. You may require a few additional documents to set up a medical clinic in Dubai. To know more details about other documents required, reach out to our expert business consultants at Shuraa UK Branch.  How to Open a Clinic in Dubai, UAE The process of setting up a medical clinic in Dubai is relatively straightforward. However, if you’re new to the process, it’s best to seek help from business setup experts to make the process fast and seamless.  1. Trade Name Reservation The first step to open a clinic in Dubai is to register and reserve the legal name of your clinic with the Department of Economic Development. It would help if you decided on an easy-to-remember name for your clinic. Also, remember to avoid using abbreviations, or mention of Allah or any region. Moreover, if you want to name your clinic after a person, you must use their full name. Another thing you must check for is whether your clinic name is clashing with a previously established health centre? If so, you must change it.  2. Initial Approval from DED Once you have reserved your trade name, you must apply for initial approval. To get initial approval, you need to submit all the necessary documents, including emirates ID, passport and visa copies, trade name reservation slip, location map, plan, etc. If all the documents seem right, the DED officials will grant you the initial approval to get your private clinic license in Dubai. 3. Approval from DHA DHA is the significant official body handling all the healthcare services in Dubai. Therefore, it is crucial to take approval from them. To get approval from DHA, you must submit the following documents: Visa and passport copies Floor and affection plan for your medical clinic in Dubai Copy of trade name reservation slip issues by DED Letter of undertaking Proposal letter to DHA 4. Wrap Up Documentation The next step is to gather all the documents and keep them handy. Make sure to double-check all of them before final submission because if you make a mistake in paperwork, you might have to redo all of it. Once you’re sure, submit the documents and wrap up the paperwork. Furthermore, you must wait for the final approval from the government officials.  5. Final Approval To get final approval, you must submit a few additional documents to the concerned departments: A map and property documents of the building of our clinic DHA licence application No Objection Certificate List of healthcare professionals that will work in your office Registered directors. 6. Private Clinic License The last step is to acquire your medical clinic license. If you have already submitted the documents, you must wait for the approval mail from the government body. If all your documents are approved, the DED will send an approval mail along with a payment voucher. Pay the required, one-time license fee to the government within 48 hours of receiving your license.  Cost of Opening a Medical Clinic in Dubai Overall, the cost of starting a medical clinic in Dubai is typically no less than AED 38,000*. This includes license registration and approval fees, which UK citizens should factor into their budget for a successful launch. Here is a list of basic costs involved in a medical clinic set up in Dubai. license Registration and Approval fee: AED 12,500* (USD 3,403)  DHA Approval fee: AED 10,000  (approx) Immigration Registration fee: AED 1,750 (approx) Corporate PRO Services fee: AED 15,000 (approx) Open a Clinic in Dubai With Shuraa! Now that you are well aware of all the scope, benefits, registration process, and costs involved in setting up a medical clinic in Dubai, wait no more. Partner with a business consultant and start and wrap up the process to open a clinic in Dubai as fast as
Read more
shams free zone company setup

SHAMS Free Zone Company Setup

Dubai is emerging as a corporate giant in the UAE. The Department of Economic Development (DED) issued around 20+ varieties of new business licenses recently. In addition, it has introduced intelligent economic strategies and business-friendly laws for all interested investors. SHAMS Free Zone company setup is emerging as one of the fastest ways to start a business in Dubai.  Setting up a company in SHAMS brings countless business opportunities in the field of media and the digital world. Moreover, it is known to be famous for the level of freedom and unique features it provides.  If you want to set up a company in SHAMS, continue reading for detailed information about SHAMS LLC company formation as well as SHAMS free zone license cost in Dubai. Steps of SHAMS Free Zone Company Setup The winning feature of setting up a company in SHAMS is the variety of start-up facilities it offers. Creative heads and people from a background in media studies can start Company Formation in Sharjah with great ease. The process of SHAMS free zone company setup involves the following steps:  Go to the Sharjah Media City web portal to initiate your business startup process. State the type of business activities you wish to conduct. Apply for the relevant license (general trading license, professional license, or industrial license). Visit DED for approval of your license. Draft an MOA (Memorandum of Association) and LSA (Local Sponsor Agreement) and submit them to the DED. You will need the help of a local sponsor to complete this step. Apply for a residency visa (mandatory) and employment visa (if required). Apply for a tenancy contract. Register your property with Ejari and obtain your unique Ejari number. Save it for further documentation and future references. Submit all the documents and pay the required fees. Obtain your license and wait for the approval (in 7-10 days). Benefits of Shams Free Zone Company Formation  There are various reasons why the SHAMS LLC company formation is becoming a popular choice amongst various budding entrepreneurs. Here are 7 major advantages of setting up a company in SHAMS: 1. Easy Registration Process Capitalists can easily register their companies through online registration portals. It only takes 90 minutes to complete your company’s registration process in the SHAMS-free zone. Moreover, the Dubai government has made the process of getting a license in SHAMS free zones very easy and hassle-free. No Objection Certificate (NOC) is required during SHAMS free zone company setup that can be obtained in under a week’s time.  2. Range of Activities There are various business activities available for SHAMS Free Zone company owners. Businesses like plumbing, publishing, e-commerce companies, management, book-keeping, human resource, etc can be performed under SHAMS free zone companies. The entrepreneurs have the liberty to choose from 2,000+ business activities permitted bу the Department of Economic Development (DED) Dubai.  3. Business Licenses There are various types of licenses required to conduct a variety of works in the SHAMS free zone. The list of licenses available for Shams free zone company owners is as follows :  4. Service License  A service license is required if you are planning to provide services to locals and other business departments.  Trading License: You need a trading license if you are planning to conduct selling, importing, and exporting through your LLC company.   Industrial License: This license is necessary for company owners who wish to perform manufacturing and production of goods on their premises.  Freelance License: The TECOM Group issues this license. It allows you to work as an independent contractor in Dubai.  E-Commerce License: An eCommerce license allows you to conduct business through online portals throughout the UAE.  5. Easy Account Opening Opening a bank account for your free zone company is easy. Banks listed under the Dubai Department of Economic Development (DED) allow the owners of SHAMS free zone companies to open corporate bank accounts. This helps with seamless transactions.   6. Shareholder’s Presence In the SHAMS Free Zone, shareholders’ presence is not as important as it is in other regions. Hence, the SHAMS LLC company formation becomes relaxing for non-residents as well as for business owners in the UAE.  7. Freedom to Repatriate Company Formation in Sharjah gives you the freedom to repatriate 100% of your profits and capital. Moreover, the process of repatriation is quick and hassle-free.  Documents Required for SHAMS Free Zone License Setup When it comes to paperwork, there can be a lot of confusion while submitting your documents. Hence, we have prepared a list of all the necessary documents needed for SHAMS business setup for your convenience.   Passport of the shareholders   Passport size photograph   Entry stamp or Visa page   What Is the Shams Free Zone License Cost?  The cost of establishing a company in the SHAMS free zone starts from AED 5,750 and can reach up to AED 28,000. UK citizens should also consider additional expenses related to SHAMS free zone licenses, which may include: Connect with Shuraa Today!  If you are looking to establish your own company in Dubai, we suggest you go for the SHAMS free zones. Your dream will become a reality only if you get the right direction and opportunities.   Legal procedures and paperwork of your SHAMS Free Zone Company Setup will be easy when you have an expert from Shuraa UK Branch by your side. Our experienced members will assist at every step, help you gather all the required documents, and even get you a SHAMS free zone license at fairly reasonable rates.   All you need to do is give us a call and we will take care of the rest. 
Read more
Setting up Mainland Company Dubai

Setting up Mainland Company Dubai

Start your business effortlessly in the UAE from the UK with Shuraa, your trusted expert for Setting up Mainland Company Dubai. Dubai’s industrial growth has set very high benchmarks for other business hubs. Today, company formation in the UAE, especially a mainland company set up in Dubai, holds the potential to deliver exponential dividends in the future.  This has surely grabbed the attention of the new-age investors and entrepreneurs in the UK who are also willing to tap into Dubai’s lucrative marketplace. But what makes a mainland company so special? We’ll answer that and quite a lot more in the blog.  What is Dubai’s mainland?  A mainland company (also referred to as an onshore company) is a business venture registered in Dubai. Additionally, these firms are regulated directly by the Department of Economic Development (DED).  Onshore companies enjoy hassle-free trading in Dubai, all across the UAE, and internationally too. Furthermore, the latest amendments made to the Companies Law have allowed expatriates to enjoy complete business ownership of their mainland companies.  Earlier, mainland businesses had to collaborate with a UAE national (called local sponsor) who’d have 51% shareholding of the foreign company. However, more than 1000 business activities have now been approved by the government to become eligible for 100% expat ownership.  Benefits of Mainland Company setup in Dubai Here’s a list of benefits you can enjoy after setting up a mainland company in the UAE:  1. No minimum capital requirement You don’t have to meet any minimum capital requirements when you launch a business in Dubai mainland. Therefore, you can spend your money on other growth-related operational activities without worrying about settling the capital demands.  2. Diverse business opportunities A mainland company setup in Dubai provides diverse business opportunities to investors. You can indulge in various business activities (as approved under your trading license) without any legal restrictions. This sets onshore business incorporation apart from a free zone establishment.  For instance, a company set up in the DMC (Dubai Media City) free zone must conduct business activities only related to media and entertainment. However, mainland companies enjoy increased freedom in this regard.  3. Tax exemptions The best part about establishing a company in the mainland region is the exemption from various taxes and charges. Business formation in the UAE is well-organised, completely transparent, and easy to comprehend. Likewise, the laws for taxation are also lucid and easy to follow.  The UK’s investors and other business owners don’t have to pay any corporate or personal taxes when they launch a mainland venture. In addition, there’s no taxation on capital gains and you can repatriate 100% of your profits too.  4. No geographic boundation Mainland businesses can trade freely within Dubai and all across the UAE. On the other hand, free zone companies have several geographic restrictions as they can’t trade in the mainland region or any other free zone.  Therefore, you get the opportunity to address a wider target market. This, in turn, can become the game-changer for your mainland enterprise in the Emirates.  5. Preference for government projects Mainland ventures get the opportunity to bid for various government consignments. These projects shape the future of work, lifestyle, tourism, etc., in the UAE. Therefore, it’s a lucrative opportunity that you should look to grab with both hands.  Working on these prestigious projects also helps you strengthen your business network. Today, we all know the importance of networking in the corporate world.  Types of Mainland Business Licenses Here are the 3 types of Dubai mainland licenses: 1. Commercial Trade License A commercial trade license is required to conduct any Dubai mainland business activities, including purchasing and selling products and commodities. This business license can be used in the UAE to establish an LLC or a single establishment. Both general trading and specialised trading can be done with it. If you are forming a new company, you can engage in trading activities that are specific to your business by requesting the right kind of commercial trade license. 2. Industrial License Businesses in the UAE that want to engage in industrial or manufacturing-related activities must obtain an industrial trade license, which allows them to carry out operations that involve converting natural resources or incorporating natural resources into their finished goods. The DED issues this business license; however, additional licenses from other agencies may be required depending on the industrial activity. 3. Professional License Professional licenses enable individuals and businesses to practise a skilled profession based on their educational background. This license covers craftsmanship, carpentry, consultancy services, printing and publishing, medical services, beauty salons, computer graphic design services, repair services, security services, document clearing, and so on. Steps to Establish Your Company in the UAE Mainland You need to follow the steps discussed below to establish a mainland company in Dubai:  1. Define your business activities & legal form What would be the day-to-day business activities of your mainland company once it’s up and running? Pen them down, curate the list further with the help of business consultants at the Shuraa UK branch, and share this list with the DED.  Moreover, define the legal structure of your onshore business venture in Dubai. It can be a sole proprietorship, LLC (limited liability company), joint venture, etc.  2. Register a trading name for your mainland company The next step is to reserve a trading name for your venture. The name you select must not contain prohibited words (like any reference to a God or deity, name of regions, etc.).  In addition, the trading name shouldn’t have any controversial terms or words that derogate someone’s religious or sentimental beliefs. You should also be aware that mainland companies need to pay an additional fee for leveraging a foreign trading name.  3. Rent office space Mainland companies must have an official office location for their venture in Dubai. However, this doesn’t mean you need to invest hefty sums of money in real estate. The best option is to rent office space for your company.  Advanced solutions like flexi-desks, virtual offices,
Read more
cost of setting up a business in Dubai

What Is the Cost of Setting Up a Business in Dubai?

Start your business effortlessly in the UAE from the UK with Shuraa, your trusted expert for the cost of setting up a business in Dubai. The highly supportive UAE government encourages minimal company set-up costs to promote profitable business opportunities among expats. Moreover, Dubai ranks 25th in the World Bank’s Ease of Doing Business ranking record.   Dubai is the Middle East business hub that offers world-class broadband, zero income tax, and entrepreneur-friendly business laws. Undoubtedly, it’s the right time for UK investors, businessmen, and entrepreneurs to start a business in Dubai.   In this article, you will gain detailed information on the benefits, necessary documentation, and the cost of setting up a company in Dubai. Types of Costs Involved in Setting Up a Company in Dubai  If you are a UK entrepreneur planning to set up a business in Dubai, go through the list of below-mentioned business establishment costs.  1. Cost of Company License  The most common type of company license is the trade license in Dubai. It is popularly known as a commercial license that designates most of the business activities that any UK investor can carry out while doing business across the UAE.   The license fee is a recurring cost that needs to be paid every year. The different types of permits needed to launch a company in Dubai are professional, industrial, tourism and commercial licenses. Further, the cost of setting up a business in Dubai relies on the kind of business activities you choose.   2. Business Registration Fee The exact registration fee will depend on your business’s legal structure and the chosen location (Free Zone or Mainland). However, the registration cost of a business in the Dubai Free Zone does not vary exceptionally; it is generally about AED 10,000 to AED 30,000.   On the other hand, business registration in Dubai Mainland can cost you a little more than registration in the Free Zone. Moreover, UK businessmen now enjoy 100% ownership of the LLC companies in Dubai. Further, there is no need of any UAE national to sponsor your business.     3. Expense on Securing Office Space UK investors need to have an office space in Dubai to run business smoothly. An office address is needed as all the legal documentation & notices will be sent to this address only. The rent of office space in Dubai is charged per sq feet annually.   Moreover, a few rental office spaces in the free zone offer desk spaces to fit your company’s needs, including smart, well-functioning and flexible desks.   4. Share Capital  The cost of setting up a company in Dubai also includes the share capital amount. The minimum share capital of a company operating in the free zone can cost you between AED 10,000 and AED 1,000,000 as per your trading licenses and activities. On average, a UK investor can expect a preferable share capital of AED 50,000 for a Free Zone-based company.   The UAE Business Law does not imply any minimum share capital, but the company must have adequate capital for its establishment. You can expect a minimum share capital of AED 1,00,000 for a business set up in Dubai mainland.    5. Trademark Registration Fee  UK investors need to pay a trademark registration fee while setting up a business in Dubai. Moreover, an additional fee is charged to publish your trademark in an official journal. Further, after the validity gets over, you get a time period of 3 months to renew the registration.   However,  if you fail to renew the trademark within the given time frame, a fine is levied for every delayed month. Additionally, after submitting the renewal form, you need to pay for the trademark renewal too.   Documents Required to Set Up a Company in Dubai The necessary documents that a UK investor, businessman, or entrepreneur needs to submit to the concerned authorities for establishing a company in Dubai are:   Passport of the shareholders  Passport size photograph  Entry stamp or Visa page  For more details, feel free to contact us.   Advantages of Setting Up a Business in Dubai Below is the list of benefits that an investor based out of the UK can avail on setting up a company in Dubai:   1. Central Point for Global Trade By setting up a business in Dubai, a UK businessman gets access to all Middle East markets. Further, you will get access to markets in Africa, Asia, and Eastern and Southern Europe. Moreover, all this international trade is supported by state-of-art maritime ports and airports. This makes doing business in Dubai an attractive venture for UK investors and other expats.   2. Tax Benefits  Dubai offers a complete tax exemption, be it a personal, income or corporate tax. However, only a few businesses may have to pay a standard rate of 5% VAT on specific business practices. Business activities that fall under tax duties are foreign banks and oil-based companies. Further, the excise tax is levied on certain goods that are harmful to the environment or human health.  3. Quality Life With an endless plethora of cultures, strong infrastructure, world-famous shopping stores and restaurants, UAE offers many reasons for UK investors to relocate to Dubai. Further, the sunny climate, strategic location and top-class logistical facilities make Dubai a perfect location for UK entrepreneurs to start a business in Dubai.  4. Supportive Government  Business-friendly rules and policies aim to make doing business set-up in Dubai quick, easy and profitable. In Dubai, the government offers a supportive climate to empower foreign businesses. This further helps any UK investor to set up, run and achieve long-term business sustainability in Dubai.   Cost of setting up a business in Dubai The total cost of setting up a business in Dubai would be anywhere between AED 25,000 to AED 40, 000 ( USD 6,806 to USD 10,890 ) depending upon your business activity and location. However, the set-up cost may vary depending on your business activities and location (i.e. Mainland or Free Zone). In addition to this, there are a few extra
Read more
start an event management in Dubai

How to Start an Event Management Company in Dubai? 

Start your business effortlessly in the UAE from the UK with Shuraa, your trusted expert for Starting an Event Management Company in Dubai. Dubai is famous for its events worldwide. Moreover, Dubai’s nightlife and high-income potential excite foreign investors to start an event management company in Dubai. As per stats, events in DWTC (Dubai World Trade Center) contribute about 3.28 Billion to the economy of Dubai. Further, events in Dubai have seen an annual growth of 25% in recent years.   Whether it is a sporting event, the Grand Dubai Expo, or a cultural spectacle, organising events in Dubai are worth earning. Therefore, if you are a UK investor, entrepreneur, or businessman, opening an event management business in Dubai is a beneficial choice for you. Do read the blog till the end to know about everything related to the profitable event management business in Dubai.   Benefits of Starting an Event Management Company in Dubai Are you a UK investor looking forward to starting an event management company in Dubai? Here is a list of the top 6 benefits one can enjoy on opening an event company in Dubai.   1. Low-Risk Business An event management company in Dubai ranges from small to long term investments. A UK entrepreneur can open his/her event organising company with a minimum capital too. There is no need to invest in things like- office space, business equipment or any fixed costs. The downside business risk in an event organising company is always low.   2. Repeat Customers  Dubai being the hub of exciting and large events opens gates for UK investors to enjoy repeat customers in their event management businesses. Event organising involves a lot of communication, politeness and a positive relationship with clients. Therefore, it is easier for event management businesses to get repeat customers in Dubai.   Moreover, corporate events can be the highest repeated customers for you, if your business does well.   3. Huge Industry For Events  Event organising companies enjoy an effective rate of growth. The majority of foreign investors invest in event organising setups to fulfil the needs of the growing developed city- Dubai. People get physically and emotionally linked with good event management companies. Well, it only needs a team effort to conduct such events.   4. Multiple Visa Options  Flexible visa choices are available for UK investors in Dubai. Visas can be easily availed by the event organising licenses. This is one of the major reasons for the popularity of the event management business among UK investors. Any UK entrepreneur or investor can quickly avail their visa and have the booming opportunity to apply for more according to their company growth and needs.   5. Location Accessibility  Dubai has amazing locations and has smooth accessibility to resources. Starting an event management business in Dubai can offer significant benefits as Dubai gets corporate individuals and visitors from around the globe.   Many companies in Dubai rely on good event management companies to arrange ceremonies, events, and conferences and thus offer an excellent choice to UK investors for starting an event organising company in Dubai.   6. Endless Income Scope Irrespective of what time of the year is, Dubai has always had something happening. It offers great opportunities to UK investors to start an event organising company and earn money. With multitude of events happening in Dubai throughout the year, there is a lot of business opportunity.   How to Start an Event Management Company in Dubai? To start an event management company in Dubai, you need to get licenses and approvals from legal authorities. From deciding on a business name to the smooth running of the company, here is a step-by-step process that any UK entrepreneur can follow to establish an event management company in Dubai:   1. Select Your Business Activity Make a layout of the kind of business activities you like to carry out within your event management company. The event activities can be wedding planning, party organising, fashion events, organising meetings, exhibitions, conferences, etc.   Pro tip: Try to choose the services in which you have a stronghold and the ones that can make maximum profits for you. Avoid being a jack of all trades, rather stay on the safer side and offer services that can be best for you.   2. Select a Company Name UK investors or entrepreneurs need to follow rules on naming the event management company. Your company name should be attractive, have never been used before, do not hurt any religion, and must not be an abbreviation.   3. Select the Right Jurisdiction Choosing the business jurisdiction is necessary before getting it licensed. You are free to Start the event management company in Dubai across two zones, i.e. Mainland and Freezone.   Mainland companies can be a direct business with local markets. Whereas, in a free zone, a UK investor may set up an event-based company and carry out services as many he/she wishes, but needs to specify the company activities while undertaking a business license.   4. Apply For a License You need to approach DED (Department of Economic Development) to avail the event management license in Dubai. Any foreign investor needs to submit an application form, needed documents, and paperwork for starting an event management business in Dubai. 5. Bank Account & Visa Application Lastly, you should have a visa for yourself, your partners or any employees in order to open a business account. Moreover, the number of visas you require depends on the kind of license and the size of your event management company in Dubai.   Documents Required To Start Event Management Business The required documents that a UK investor, businessman, or entrepreneur must have for an event management business set up in Dubai are:   Passport copies of shareholders.  Visa page or Entry stamp.  Passport size Photograph.  Cost of Setting Up an Event Management Company in Dubai  The Cost of Setting up an Event Management Company in Dubai varies from around AED 14,900 to AED 20,000. Moreover, there is no need for upfront paid share capital for event
Read more
Open a Restaurant in Dubai

How to open a Restaurant in Dubai?

Shuraa offers comprehensive support for opening a restaurant in Dubai from the UK, including licensing, legal compliance, and operational guidance tailored for success. Entrepreneurs and business investors in the UK are no aliens to the food industry. A home for mouth-watering delicacies and luxurious cuisines – the UK is on everyone’s list when it comes to food.  Therefore, if you want to open a restaurant in Dubai, you’re headed in the right direction. Dubai enjoys a massive influx of tourists each year and the numbers continue to grow exponentially.  Tourism in the Emirates and the overall love that all the citizens also have for food make it a profitable venture to invest your money in. You can connect with the business experts at the Shuraa UK branch, and we’ll help you establish your restaurant business in Dubai.  What is a restaurant business in Dubai?  Opening a restaurant in the UAE is an excellent investment choice if you have sufficient knowledge about how this industry works. A restaurant business offers delectable meals alongside a good ambiance and a wholesome food experience.  Be it a fine dining outlet, eatery, fast food corner, cafe, or any other food-related venture – all must follow the “food code” protocols established by the government.  The best part is that you can launch your restaurant business in the mainland region as well as in any of the free zones. A mainland establishment gives you the freedom to trade within Dubai and all across the UAE.  Free zones, on the other hand, have their own benefits. Some of these include cost-effective business formation, hassle-free resource availability, lenient business laws, and much more.  Steps to opening a restaurant in Dubai The UK’s entrepreneurs can follow the steps mentioned below to launch a restaurant in the UAE: 1. Devise a business plan “A goal without a plan is just a wish” is a statement that truly highlights the importance of planning in the business world. Therefore, spend sufficient time to devise the perfect business plan for your restaurant business in the Emirates.  Study your competitors, identify your shortcomings, and blend them all together to come up with unique propositions for your food venture. Prioritise food quality over everything else since it’s a differentiator that can help you generate sizable revenue right from the start.  Pay attention to the packaging boxes and containers used for home delivery orders. In addition, don’t hesitate to experiment with your offerings and be open to taking constructive feedback from your customers. 2. Choose a location Where do you want to open a restaurant in Dubai? Will it be in the mainland region, or you’ve already finalised a free zone for your food venture? All these questions must be answered before you open your company in Dubai.  DMCC (Dubai multi commodities centre) is a prominent free zone for launching a food company in Dubai. It’s better to avoid industrial and residence-oriented free economic zones for opening a restaurant as it limits your reach.  Furthermore, understand the demographics of your target audience and make an educated decision regarding your restaurant’s location. You can connect with the location experts at the Shuraa UK branch if you’re unable to decide on the ideal business location for your business. 3. Secure the required licenses You can’t conduct any business activities in the UAE if you don’t have a legitimate trading license. Therefore, investors should secure a food license from the Department of Food and Safety to get started.   Next, you can apply for a trading license that you can get from the DED or the concerned jurisdiction. However, that’s not it. You also need to obtain consent from the DTCM (Department of Tourism and Commerce Marketing).  You can start your business operations legally once you have all these approvals alongside a valid trading license. Furthermore, don’t forget to renew your restaurant license in Dubai annually. 4. Apply for additional approvals Business activities like foodstuff trading, procurement, serving of alcohol, etc., require additional approvals from the concerned administrative bodies. Therefore, you must secure these first before you proceed with your operational activities.  You don’t need to worry about these approvals when you work with the licensing professionals at the Shuraa UK branch. We provide end-to-end business assistance at highly competitive prices. 5. Finalise the menu and restaurant’s layout Having a minimum area of 750 sq feet with at least 300 sq feet reserved for the kitchen are a few among the many infrastructural guidelines for opening and maintaining a restaurant in Dubai.  In addition, your restaurant should boast an efficient chimney, fireproof walls, high-quality and germ-free food containers, etc.  Once everything’s finalised for your restaurant’s interior and exterior design, you can shift your focus toward drafting a catchy menu. The menu should be able to showcase the love and passion you have for food. It’s something that leaves a lasting impression on the customers.  Benefits of a restaurant business in Dubai Listed below are some of the advantages of setting up a restaurant in Dubai:  You can make considerable profits right from the start when you open a restaurant in Dubai. This is possible because of the business-friendly laws, minimal taxation norms, and affordable business solutions.  Dubai boasts a diversified population of people belonging to different religions, cultures, and traditions. Therefore, you can devise a menu that can cater to the food needs of most of these people.  What is the cost of opening a restaurant in Dubai?  The overall cost of opening a restaurant in Dubai starts at AED 15,000 to AED 50,000. You need to secure several approvals & licenses, pay government fees for various formalities, and much more.  Remember that the restaurant license in Dubai cost isn’t a one-time venture. You need to renew this license each year at least a month before it expires to extend its validity. Note that businesses with invalid licenses are subject to repercussive actions from the government.  Launch your restaurant in Dubai!  Setting up a restaurant business in the UAE is easier than ever,
Read more
UAE residence visa

How to Get a UAE Residence Visa in 5 Steps

Foreigners aspiring to establish long-term residency and employment in the United Arab Emirates (UAE) must secure a UAE Residency Visa. This vital document serves as the gateway to accessing the multitude of opportunities that the UAE offers, enabling individuals to build their lives and careers in this dynamic and rapidly growing country. Whether you’re drawn to the flourishing business landscape of Dubai, the cultural richness of Abu Dhabi, or any other emirate, obtaining a UAE Residence Visa is an essential step towards turning your dreams of living and working in the UAE into a reality. We will delve deeper into the subject of UAE residency visas, exploring facets such as the expenses associated Opening Opportunities with a UAE Residence Visa  Possessing a Dubai residence visa comes with a myriad of advantages:  Banking Freedom: Gain the ability to open a bank account and access financial services easily.  Financial Flexibility: Qualify for bank loans, whether personal loans or your dream car financing.  Global Mobility: Enjoy visa-free entry to numerous countries, enhancing travel opportunities.  Educational Choices: Enroll your children in government or private schools, ensuring a quality education.  Driving Privileges: Obtain a driver’s license, granting you the freedom to drive in the UAE.  Healthcare Access: Access government health services and secure health insurance coverage for your well-being.  Note: Acquiring a UAE Residence Visa necessitates meeting specific eligibility criteria, which typically involve securing employment or investing in one of the emirates.   Who is eligible for a UAE Residence Visa? To be eligible for a Residence Visa, individuals must fit into one of the following categories:  Employment: You plan to work in the UAE within a government entity or a private company. Education: You intend to study at a UAE educational institution. Dependents: You are a dependent of either a UAE citizen or a foreign resident, which includes children, parents, domestic workers, or close relatives. Investment: You have made a substantial investment in the UAE. Property Ownership: You have purchased property within the UAE. Retirement: You are planning to retire in the UAE. Types of UAE Residence Visa UAE Visas are categorized based on the purpose of one’s stay. These include:  UAE Work Visa: Granted to foreign individuals who secure employment in the UAE and obtain a Work Permit.  UAE Student Visa: Issued to foreign nationals accepted into UAE educational institutions for the purpose of pursuing studies.  UAE Family Visa: Extended to close family members of UAE citizens or foreign residents.  UAE Investment Visa (Long-term Residence): Reserved for foreign nationals who make significant investments in the UAE, offering extended validity, often up to ten years.  UAE Retirement Visa: Designed for elderly foreign retirees with the necessary financial means to retire comfortably in the UAE.  Work Remotely from Dubai Program: Tailored for foreign freelancers seeking to work remotely in Dubai, providing them with the opportunity to do so from this vibrant city.  Note: Every foreign national seeking to reside in the UAE under a Residence Visa is required to undergo a medical examination to confirm their physical fitness.   How to apply for a UAE Residence Visa? To secure a Residence Visa in Dubai, you must initiate the application process after your entry into the UAE using an entry permit. It’s important to note that, similar to the entry permit, you typically cannot apply for a residence visa independently. Instead, you must have a sponsor, which could be your employer, spouse, or another eligible entity, to submit the application on your behalf.  Applying for a UAE Residence Visa Obtain an Entry Permit: Your sponsor must secure an Entry Permit for you from one of the following sources:  The Federal Authority for Identity and Citizenship  The ICA’s eChanel portal   Mobile apps available for Apple and Android  The General Directorate of Residency and Foreigners Affairs (GDRFA), either online or in-person, through licensed typing centres (varies by emirate) or Amer centres (Dubai).  Reside in the UAE: Once you have entered the country with the Entry Permit, you must be physically present in the UAE. Apply for Residence Visa: Your sponsor must then submit an application for your Residence Visa at the General Directorate of Residency and Foreigners Affairs (GDRFA) in the specific emirate where you intend to reside. Payment of Visa Fee: During the application process, your sponsor will need to pay the Residence Visa fee, which varies depending on the visa’s validity period. Approval and Documentation: Upon approval, the GDRFA will affix the Residence Visa in your passport. Simultaneously, you will receive an Emirates ID, valid for the same duration as your visa. Emirate-Specific GDRFA Websites and Resources  For specific information and procedures related to each emirate, refer to the respective GDRFA websites:  Abu Dhabi  Dubai (Also, consider Amer, a website accessible to Dubai citizens and residents for family reunion applications and visa extensions for visitors)  Sharjah  Ajman  Ras Al Khaimah  Fujairah  What is the Cost of a UAE Residency Visa? 2-year Dubai residence visa fees are approximately AED 5,500* without insurance. With insurance, it’ll cost you around AED 10,500*. Furthermore, there is a processing fee, which depends on the application method. If applying in person, the processing fee can be AED 70, whereas online applications may incur a fee of AED 40. Type of UAE Residence Visa Estimated Cost* Employment Visa The employer usually bears the cost, but processing fees (AED 70-100) and Emirates ID card (AED 410) apply. Investors Visa AED 5,000 for application processing + medical test fees + typing centre charges. Golden Visa AED 3,000 for application processing + medical test fees + typing centre charges. Property Investor Visa Application processing fees + medical test fees + typing centre charges (vary based on property value). Retirement Visa AED 3,000 for application processing + medical test fees + typing centre charges. Family Visa AED 310 application fee + refundable deposit + medical test fees + typing center charges. Green Visa AED 5,000 application fee + medical test fees + typing center charges + insurance costs. Note: These visa fees are subject to change, and additional
Read more
low-cost business setup in Dubai

Low Cost Business Setup in Dubai, UAE

Dubai’s strategic location makes it one of the best cities for starting a business, especially if you are looking for a low-cost business setup in Dubai. The city ranks amongst the top 5 global centers for trade, logistics, tourism, and finance sectors. According to Abdulla Lootah, general director of the Federal Competitiveness and Statistics Authority (FCSA), Dubai aims to top the World Bank’s ease of doing business index in 2024. This should be of prime interest to UK investors/businessmen. A low-cost business setup in Dubai will allow them to leverage the power of modern infrastructure, technology, and a supportive environment for expanding their business leaps and bounds. It will become easier to transform into a recognized brand and boost your brand’s awareness. Furthermore, they will be able to carry trade effortlessly with clients within Dubai and outside, given that Dubai connects travelers traveling from the west to the east and vice versa. Despite the clearly outlined rules and regulations for setting up any business in Dubai, you must have a deep understanding of how things work in Dubai. Furthermore, the cost of establishing a low-cost business in Dubai is determined by several factors. With guidance from a Dubai business professional, you can save a lot of money during the company registration process. Shuraa experts can help you make the right decisions to keep your documents and operations in compliance with the rules and regulations. How To Save Money While Setting Up a Business in the UAE? Assess your business operations and their practicality in the UAE to establish your company at the right time and area. You will save money and continue to make the most out of your business setup. Start the company setup process when you’re ready; it’s a step-by-step process that can take anywhere from one to three weeks. However, begin the procedure only when you are totally prepared, as delays or postponements may result in fines. If you don’t have the proper information, legal work, approvals, and documentation, the setup might cost you a lot more. Make sure you understand what you require before beginning the documentation process. Rather than renting an entire office, take advantage of business centres and office space. A business centre is a completely furnished and equipped workstation that enables you to have a real office at a minimal cost If your startup budget is tight, you may want to consider a flexi desk, which is essentially a work area for yourself. Flexi desks provide your company with a physical presence by providing you with an office address, a dedicated number, meeting rooms, a cafeteria, receptionists, and administrative personnel, among other things. Where Should You Set Up Your Business? Entrepreneurs and businessmen are free to establish their low-cost business setup in UAE in any free zone or mainland. You must make an informed decision about founding a corporation in a free zone or on the mainland because both of them have their own set of advantages. Let’s see some of these advantages now. 1. Free Zones Company Setup One of the most obvious advantages of founding a free zone low-cost business setup in UAE is the ability to have 100% foreign ownership. This implies that a foreign investor does not need to obtain a UAE national sponsor to start a business in the UAE. The UAE’s free zone territories are exempt from import and export tariffs, promoting international trade and commerce. Companies in the Free Zone can execute labour recruiting procedures quickly and cost-effectively. They can also hire foreign nationals. Free zone countries have plenty of warehouse and office space available for use. As a result, it is great for SMEs and startups. Free zones in the United Arab Emirates feature the most up-to-date communication technologies and infrastructure. This will assist in the growth of your business. In UAE free zones, there are no currency rules of any kind, which means that you can use any form of cash, making the transactions easy for international businessmen. 2. Mainland Company Setup You can prepare for any form of low-cost business in Dubai by establishing yourself on the mainland, and you won’t have to worry about exceeding your trade authorization throughout Dubai and the UAE. However, there are several legal prerequisites for founding a mainland business in Dubai. For example, the necessity for a local sponsor. Your firm can trade globally if you register it on Dubai’s mainland. Mainland businesses have the distinct benefit of operating freely both within and outside the UAE. Dubai’s growing smart city infrastructure is already driving businesses in new directions, and diversification is becoming increasingly valuable. Obtaining a Dubai mainland license indicates a less constrained, simpler, and speedier administrative process. Another benefit of registering on Dubai’s mainland is that you’ll be able to bid for attractive government projects. You may be in a great position if your company is required to supply services that are in accordance with government programs. Establishing governmental deals across the UAE/Dubai will surely improve your company’s image and standing. How Much Does It Cost for a Low-Cost Business Setup in Dubai? A low-cost business license in Dubai costs AED 12,500* for a budget-friendly license. These include the size of the corporation, type of activity, visas, location, trade name approval, legal permits, and more. Shuraa experts can help you navigate and understand the different pricing structures depending on your choice of operations and locations. We provide the most cost-effective business setup solutions for you and serve as your company’s setup agent. A business setup in Dubai may seem like an expensive affair at first. However, with the right understanding of licenses, policies, company structures, and registration processes, you can enjoy a low-cost business setup in Dubai. Start your business in Dubai with Shuraa Uk High costs can hamper your aspirations of setting up a business in Dubai. However, a low-cost business setup in UAE is easy and effortless with Shuraa experts by your side. We ensure that we spend every penny after meaningful consideration.
Read more