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Business Dubai

Setting up a Company in Dubai

Setting up a Company in Dubai

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

How to Start an E-commerce Business in Dubai?

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

How to Choose a Business Consultant in Dubai?

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

How to Start an Import Export Business in Dubai?

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

What Is the Difference Between Mainland and Freezone Dubai?

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

How to Start a Small Business in Dubai

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

There is no doubt in the fact that Dubai has worked towards ramping up its efforts to diversify business opportunities, including home-based business in Dubai. Today, more than 5000 British businesses operate across the UAE. To the surprise of many entrepreneurs, the UK’s interest in setting up businesses in Dubai increased by 192% between 2015 and 2018. It is a strong indication that Dubai offers the right environment for British entrepreneurs to set up a new business and enjoy access to the African, Middle Eastern, Central, and South Asian markets. There are already 2.9 million businesses running from entrepreneurs’ homes in the UK, and the UAE is following the suit. You can also start a home-based business in Dubai, given the technological advancements. This blog will walk you through all the advantages, requirements and the process of starting one. But before that, you must understand what a home-based business is. What is a Home Based Business in Dubai?  Given the circumstances and technological advancements, work from home has become the new normal in the past few years. Moreover, many entrepreneurs across the globe operate their businesses from the comfort of their homes. Unlike other businesses, you do not need a physical office to start your business operations from home.  To legalise your home-based business and conduct any type of trade, you must acquire an e-trading license. It has been simple to get an e-trading license in Dubai ever since the government’s bid to support SMEs. This initiative has boosted the issuance of e-trading licenses in the UAE. And why not? There are ample benefits to starting a home-based business. Benefits of Starting a Home-Based Business in Dubai Acquiring a home business license in Dubai offers many advantages for entrepreneurs. The primary benefit is working comfortably from your home, which can be very convenient too. Besides, some of the most prominent benefits that you can enjoy from a home-based business are: Be your own leader and boss. Enjoy the advantage of more flexibility and comfort; work at any time and anywhere you want. Choose your clientele and consumers. Get 100% ownership of your business since there is no need for a local sponsor.  There is no need for a physical office.  Home-based businesses are cost-efficient.  Get constant support from the Dubai government.  Leverage the advanced technological facilities offered by Dubai to grow your business rapidly.  You don’t have to pay any type of taxes, whether income tax, corporate tax or others.  Minimal to no capital investment is required.  Get a ‘Custom Client Code’ from Dubai Customs and facilities import and export.  What are the Requirements to Start a Home-Based Business in Dubai? If you decide to start a home-based business in Dubai, you must fulfill the following legal requirements: An FAIC establishment card Membership from the Dubai Chamber of Commerce and Ministry of Human Resources and Emiratisation Permission for up to 3 work permits  Trade name reservation Registration of business activities Apply for an e-trader license What is the Process to Apply for a Home-Based Business License in Dubai? Here’s what you need to do to acquire a home business license in Dubai:  Identify the Nature of Your Business Activity Determine Your Company’s Legal Structure Register the Trade Name Apply for Initial Approval Create LSA or MOA Choose Your Business Location Apply for Additional Government Approvals Submit Required Documents Pay Fees and Collect License Top 6 Trending Home-Based Business Ideas in Dubai Starting a home-based business in Dubai, all you need is robust internet connectivity, an intelligent device, and skills in your field of interest. To help you choose suitable business activities, here is a list of the top 6 home-based business ideas in Dubai: 1. Freelancing If you have got the required skills, qualifications, and experience in the niche, you can choose to offer freelance services. Some of the common freelance niches are content writing, digital marketing, digital art, and graphic design.  2. Home Bakery People of the UAE like devouring sweet dishes and bakery items. And since they’re super conscious about their diet, they prefer homemade, custom-baked savouries. Hence, you have an excellent opportunity to start a bakery from the comfort of your home.  3. Social Media Marketing Social and digital marketing is one of the rapidly growing, in-demand businesses. Many SMEs search for the appropriate agencies or freelance social media marketing services providers who can help them grow their business by leveraging digital channels.  4. Dropshipping You can sell products directly from suppliers to your customers through drop shipping without purchasing any stock upfront. You need to set up an eCommerce website, market the business and attract customers online. They place orders on your eCommerce site, and you must ship them accordingly.  5. Boutique The Emirati people are very conscious of their appearance and enjoy shopping for designer clothes. Therefore, if you have an interest and skills in fashion, you can start a boutique from the comfort of your home. 6. Consulting If you have the expertise and appropriate experience in a particular niche, opening a home-based consultancy is one of the most straightforward home-based business ideas in Dubai. It does not require any physical office and can be done remotely.  Connect With the Shuraa UK Branch Now that you know the benefits and process of starting a home-based business in Dubai along with top home-based business ideas in Dubai, wait no more. You can complete the registration process in just a few days and start business activities from your home with ease. If you still have any confusion or doubts about the home-based business establishment process, you can seek help from experienced business setup consultants.  The business setup consultants at the Shuraa UK branch are well versed with the whole process and required legalities. We can guide you at every step, clear all your doubts and complete the registration on your behalf in much less time. Moreover, we can help you acquire your home business license in Dubai at affordable rates. All you need to do
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Start a Digital Marketing Company in Dubai

How to Start a Digital Marketing Company in Dubai?

Dubai is home to diverse businesses of all sizes and structures. And why not? The excellent infrastructure, seamless connectivity to the rest of the world, advanced travel facilities, top-notch technology, favourable business conditions, expedited company setup, and promising economy make Dubai a popular choice amongst investors.  The United Kingdom and the United Arab Emirates have substantial commercial and business ties. More than 100,000 British nationals live in the UAE, where over 5,000 UK enterprises operate.  Also, in recent years, the Middle East has been projected to contribute 10% of worldwide digital marketing investment. As a result, if you are a UK investor who wants to start a digital marketing company in Dubai, the business environment is conducive.  The process of starting a digital marketing company is easy and simple. But before we tell you how to go about it, let’s first understand what is digital marketing.  What Is Digital Marketing? Digital Marketing is a popular business choice globally, given the increasing awareness of its benefits. Businesses are finally starting to realise the importance and benefits of a strong online presence. It not only gives you much-needed visibility but also gives you credibility. Furthermore, it also helps convert your potential clients to long-term clients and get more sales.  Any marketing strategy carried out using electronic devices is digital marketing. This includes internet-based marketing operations. Furthermore, a digital marketing agency may use websites, SEO, blogs, social media, video, email, and other avenues to reach the target audience.  All you need to start a digital marketing company in Dubai is a digital marketing licence. Let’s see how you can obtain the same with minimal effort.  How to Start a Digital Marketing Agency in Dubai? To start a digital marketing company in Dubai, you must follow a predefined process. Following is a simple overview of that process:  1. Determine Your Company’s Legal Structure The government offers multiple legal structures if you want to start a digital marketing company in Dubai. You can choose the one that meets your needs the best. A limited liability company is the most sought-after legal structure in Dubai. Following is a simple overview of the same. Limited Liability Company A limited liability company structure has 2 to 50 shareholders. Each of these shareholders is liable only to the extent of their share in the company. However, this licence comes with some terms and conditions. For starters, except for banking, insurance, and investing, this type of firm cannot engage in any professional or consulting activity. 2. Register the Trade Name Selecting a trading name can be tricky. Dubai has laid down strict rules and regulations for naming a company or business. Hence your trading name must comply with all the rules. Some rules apply specifically to certain business activities. Thus, in-depth knowledge of these rules will make it easier to choose a trading name. Following are some trading name rules common to most businesses:  You cannot start your trading name with the following words – “Middle East”, “international”, “Dubai”, or “global.” Your trading name must reflect your business activity. In this case, the trading name must reflect digital marketing. It should not be ambiguous or create misunderstanding.  You cannot duplicate somebody else’s name and submit the same to the department. They will reject it.  The trading name must be translated into Arabic.  These are some of the many rules laid down by the government. Experts at the Shuraa UK Branch can help you understand these rules and help you choose an apt trading name.  3. Decide Where You Set Up Your Company Dubai allows you to set up your company on the Mainland and Free Zones. Forming a mainland company is an attractive investment, especially for investors and businessmen. Companies on the Mainland exist and operate inside the confines of Emirati authority that are within commercialised regions. They are also eligible to apply for government projects.  As for free zones, Dubai has 20+ free zones. Most free zones offer 100% ownership, 100% repatriation of profits, and 100% tax-free operations. But that’s not all. There are more advantages to the mainland and free zone company setup. Both are distinct in their own ways, with their own pros and cons.   4. Apply for the License The process for licence application will depend on where you want to set up your company – Mainland or Free Zone.  You will have to submit your application form with the needed documents to the Department of Economic Development or the DED if you choose to set up your company on the Mainland. However, if you are going ahead with a free zone, your application will be directed to that free zone authority.  The application process is streamlined and quick. You might also have to apply for additional permits if you want special privileges.  5. Apply for Visas You will have to apply for your visa if you are not a Dubai or UAE resident. Furthermore, if you plan to hire employees from outside, you will have to sponsor their visas. Similarly, you must also apply for your partner and dependent’s visas.  Documents Required to Start a Digital Marketing Company You must submit a couple of documents to the respective authorities to obtain a digital marketing licence and start a digital marketing company in Dubai. Following are some of the documents you will need: Passport-size copies Passport copies of stakeholders  Entry stamp or visa page  Note.: The documents mentioned are only some of the many documents. Shuraa experts at the UK branch will give you a detailed list of all the documents. They will also help you get your documents in place to avoid mishaps.  Cost to Start a Digital Marketing Agency in The UAE The cost of starting a digital marketing company in Dubai starts from AED 18,500 AED to 30,000 (USD 5,036 to USD 8,167). These include the size of your company, type of setup, choice of location, visas, and more.  Start Your Digital Marketing Company With Shuraa The field of digital marketing is
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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
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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
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