Business Setup Services

Obtaining a business license in Dubai is an essential prerequisite for all company formations. Starting a new business in Dubai can be exciting and it can be challenging many times. This blog offers a complete guide covering the different types, structures, and procedures associated with obtaining a business license in Dubai. What is Dubai Trade License? A Dubai trade license is an official document that specifies the permissible activities a company can engage in within the UAE. The Department of Economic Development is responsible for issuing these trade licenses. General trading licenses in Dubai encompass various activities, such as importing and exporting goods and conducting commercial operations. Businesses within Dubai Free Zones can obtain a Dubai trade license. Professionals providing industry-specific services can also apply for and obtain a Dubai trade license. Who is responsible for issuing business licenses in Dubai? The Department of Economic Development (DED) is a government organisation that grants licenses to individuals and companies seeking to engage in business activities in Dubai. The DED in Dubai is the primary issuer of business licenses and oversees the associated licensing processes. A business that holds a DED grant is commonly called a “local company.” It’s important to emphasise that the Department of Economic Development exclusively registers and licenses mainland companies, unlike free zone companies, which receive approval from private authorities. What Types of Trade Licenses Are Available in Dubai? In Dubai, trade licenses come in various categories tailored to business activities. You can select from the following four primary classes of licenses: Professional License: Designed for professionals offering specialised services. Commercial License: Suitable for individuals or entities engaged in trade-related activities. Industrial License: Intended for businesses involved in industrial and manufacturing operations. General Trade License: Geared towards businesses engaged in general trade, including imports and exports. It is crucial to ensure that you possess the necessary documentation before applying for any of these trade licenses. Failing to do so may delay the issuance of your request. What Are the Advantages of Obtaining a Trade License in Dubai? There are numerous compelling reasons why many business owners opt to establish branches or enterprises in the UAE, and obtaining a Dubai trade license offers several key benefits: 1. Facilitate Local and International Trade With a general trading license, you gain significant opportunities for manufacturing and importing goods. You can distribute your products within the local Dubai market or expand your reach to international markets, yielding profits from various countries. A general trade license also enables business owners to re-export their goods, enhancing their ability to engage in global trade. 2. Enhance Credibility Companies that meticulously adhere to legal regulations earn the trust of their customers. Holding a trade license demonstrates compliance and enhances the business’s visibility within its respective markets, fostering credibility and garnering the trust of its customer base. 3. Enjoy Tax Benefits Dubai’s appeal to over 90,000 new residents in 2021 was partly due to its attractive tax incentives. Unlike many other countries, Dubai does not impose essential sales and manufacturing taxes, offering a nearly tax-free environment. This tax advantage allows traders and business owners to redirect funds that would have otherwise gone to taxes towards production costs. 4. Minimal Trade Restrictions: Dubai boasts minimal trade restrictions, making it an ideal location for conducting business. As long as your products are registered under a general trading license, you can operate without concerns about trade restrictions. 5. Streamlined Set-Up The process of obtaining a Dubai trade license is notably faster than acquiring other business licenses in the UAE. Efficient processing is possible with the proper documentation, and you can typically establish a business in any Dubai-free zone or mainland location within just a few weeks. Furthermore, once you have your license, there is no obligation to submit auditing reports, reducing future paperwork burdens. 6. Sponsorship Opportunities Obtaining a trade license in Dubai provides an easy path to sponsoring dependents, allowing you to bring family members or employees to Dubai. This streamlined process simplifies the visa procedures, making it more convenient to start on a new life or business venture in Dubai. What Documents Are Required for Obtaining a Trade License in Dubai? Obtaining a trade license in Dubai necessitates the submission of specific documents, each playing a crucial role in the application process. Ensuring your documentation is well-prepared and submitted correctly is vital to prevent unnecessary delays. Here are the essential documents you’ll need: Trade License Application: The first step involves completing a comprehensive application form. It’s important to note that all company managers or partners should sign this document. Memorandum of Association (MOA): You must create a Memorandum of Association, a legally binding document outlining the company’s objectives, structure, and critical operational details. It’s advisable to seek a legal representative’s assistance in drafting this document to ensure compliance with local regulations. Company Name Approval: Attach the company name approval issued by the Department of Economic Development (DED) before submitting your trade license application. This approval is granted once the DED has accepted your chosen business name. Passport Copies: All managing partners or key personnel involved in the business venture should provide copies of their passports as part of the application process. These documents constitute a comprehensive application package, and careful attention to their accuracy and completeness is essential to facilitate the trade license issuance process without unnecessary delays. How to Obtain a Dubai Trade License: Step-by-Step Guide Acquiring a Dubai trade license is a straightforward process that involves several simple steps. Here’s a step-by-step guide to help you secure your Dubai trade license: 1. Select a Business Name Choose a suitable trade name for your business. Ensure that your chosen name complies with UAE regulations for company naming and is unique and not in use by any existing entity. 2. Define Your Legal Structure Determine the legal structure for your business. Your choice of legal system will outline how your business operates and who assumes liability within the company. 3. Specify Your Business Activities After finalising your

Many UK-based companies have shown interest in expanding their business in Dubai, which is really exciting. It’s evidence of the region’s positioning as a great place to do business and reside. This is why more and more British entrepreneurs seek PRO service in Dubai nowadays. The UAE is the UK’s 18th largest trading partner, 14th largest export market, and 20th largest import market. Currently, 5,000 British companies are operating in the UAE. Moreover, nearly 800 commercial agencies and 4,800 British brands have invested in the UAE, and more than 100,000 UK citizens live in the Gulf regions. This shows that the UAE is building future cities with a mix of cultures that support the development of a new-age global business hub. Over 240,000 British expats now happily call the UAE their home, with an additional 1 million visiting each year. If you’re thinking of expanding your business in the UAE too, you’ll need help from an experienced PRO. This blog will walk you through all there is to learn about PRO services in Dubai. What are PRO Services? Every company in Dubai needs the services of a Government Liaison Officer, commonly known as a Public Relations Officer or PRO. Corporate PRO services Dubai include all activities related to processing legal paperwork, such as visa applications, company trade license documentation, permissions and approvals, and labour cards. If you want to establish a business in Dubai, you’ll need an expert PRO to help you with the associated paperwork, permissions, and approvals from concerning authorities. Being in a foreign country, it can be challenging to understand the rules and regulations, change in currency, Arabic-translated documents, and other constraints. Thus, the assistance of a PRO is always helpful. A few government authorities that a PRO often deals with are the DED (Department of Economic Development), Dubai Economic Chambers, Chamber of Commerce, Dubai Visa, and Immigration departments. Here are a couple of reasons why you need PRO service Dubai: For monitoring and updating the registration and licensing processes, permits, and payments for the company. For agreements and approvals with the judicial systems, the legal structures, and the various government agencies for commercial activities of the company. To appear before the local authorities on behalf of the company to obtain a business license. Also, to take care of the renewal of the concerning licenses. To comply and fulfil the requirements stated by the Immigration & labour Department for the company. Moreover, to process and obtain related documents. For Acquiring entry permit, employment visa, labour approval, labour card, labour contract, residence visa, and work towards document clearing services in Dubai. If you want to build and retain honest, professional relationships with the local as well as national government officials, you’ll need the help of PRO companies in Dubai. To ensure that the business plan is solid and thoroughly knowledgeable, as well as timely informed, PRO service in Dubai is a must. Moreover, a PRO will help with all the governmental protocols and instructions. It’s not always easy to monitor all the administerial directives and instructions yourself. This is where PRO services in Dubai can assist you and report it to the respective departments. Best PRO services in Dubai also take care of tiny details like signatures, authorised stamps, and proofreading information. Besides, they always double-check all the official government letters to avoid any mishaps in the company formation process. A PRO services company in Dubai will also coordinate for the Certificate of Origin/ Attestation, payment of receipts (Abu Dhabi distribution/Al Madina Real Estate/DEWA / Etisalat/ Du, etc.) You save time and resources by outsourcing PRO services. Moreover, focus on business strategies without worrying about timely document submissions and other legalities. What Are The Types of PRO Services in Dubai? Some of The Common PRO Services in Dubai are as follows: Opening a corporate bank account for ease of financial transactions Clearance of passport and visas Trade name and trademark registration with the concerned authorities Application submission and approvals for immigration and labour cards Looking after all the steps involved in company formation Acquiring a business license Taking care of the business license renewal process No Object Letters Getting the necessary legal documents notarized. How to Choose The Right PRO Service Provider in Dubai? It is crucial to ensure you partner with the right and reliable PRO services provider in Dubai for your company formation process. Here are a few things you must keep in mind while choosing the PRO services company in Dubai: 1. Scope of Services Ask the company to state all the PRO services they offer clearly. It should be easy to understand to avoid any misunderstandings later. Also, take note of the procedure and costs involved with each. 2. Reputation The reputation of a firm speaks volumes about its credibility. So, please do some research on the market positioning of PRO companies in Dubai and their performance. Also, get references from businesses that have worked with them before. 3. Local Presence When you are searching for the best PRO services in Dubai, it is essential to check for their local presence in the place where you plan to set up your business. If they are present locally, they can help select the best suitable location for your business setup, assist you with regulations and updated laws and ensure faster and smoother processing of visas and passports. The Best PRO Services in Dubai by Shuraa Now that you understand what PRO services are and their importance, you sure would want to partner with a PRO services company in Dubai. Selecting the right PRO services provider for your company could be challenging, especially if you’re new to the process. But worry not! Shuraa Business Setup offers the best PRO services in Dubai. The experts at Shuraa UK Branch are well versed with all the rules, regulations, and legalities associated with company formation. We provide comprehensive solutions to help you set up your business in Dubai and start your operations with ease. We offer all the corporate PRO services in Dubai and will cover everything from visa processing to document attestation to acquiring necessary approvals from government officials. Moreover, we can wrap up your business setup and trade license procedure in less time and get it

Foreign companies in Dubai and across the UAE are aplenty. Entrepreneurs from around the world prefer to register their business in the region due to the tax advantages offered to international clients. UAE is a popular business hub that attracts investors with some of the best business bank accounts. In this commercial hub, it is also possible to open a bank account in Dubai without a residence visa. UAE is a member of the Gulf Cooperation Council (GCC) and the Greater Arab Free Trade Area (GAFTA) and is a party to several trade agreements with various countries. Hence, there is no duty levied on the mainland or onshore business conducted in Dubai and the UAE. The same applies to offshore company setups, which makes opening a business account even more worthwhile for business entities in the region. Shuraa Business Setup will guide you through the entire process of your company formation and take you through the tax-friendly benefits this country has to offer. Whether you want to open an offshore bank account or enquire about the best offshore bank accounts in Dubai, we are here to help. Speak to one of our business setup experts today! Benefits of Opening a Bank Account in Dubai Easy access to financial services, secure management of finances, and increased credit opportunities are some benefits of opening a bank account in the UAE as a foreigner. The following are the benefits of opening a bank account in Dubai Access to a range of financial services such as loans, credit cards, and investment opportunities. Secure way to manage finances and make payments, both locally and internationally. Can improve credit history and increase chances of obtaining credit in the future. Easy way to pay bills and receive salaries, which can save time and money. Some banks offer perks such as discounted rates on certain services or loyalty programs for customers. Protection of funds through deposit insurance provided by the UAE Central Bank. Access to digital banking services and mobile apps that can provide easy and convenient access to account information and transactions. Offshore Bank Accounts The offshore bank account in UAE offers advantages such as increased privacy, asset protection, and access to global investment. However, they may also be subject to higher fees and minimum balance requirements compared to mainland or Freezone accounts. Additionally, opening an offshore bank account in Dubai may require more paperwork and due diligence measures to comply with international regulations. Eligibility Criteria for Opening a Bank Account in Dubai Eligibility criteria for opening a bank account in Dubai may vary depending on the bank and the type of account you are seeking. Generally, you must meet certain requirements such as minimum age and residency status. It’s important to check with the specific bank you are interested in to confirm their eligibility criteria. However, some common eligibility criteria include: Residency: To open a bank account in the UAE, you need to have residency status, which typically requires holding a valid Emirates ID or residence visa. Age: In order to open a bank account in the UAE, you typically need to meet certain age requirements. Most banks require individuals to be at least 18 years old. Income: When opening a bank account in Dubai, certain banks may require you to meet a minimum income requirement. This criterion can vary based on the type of account and the bank you are working with. Business registration: To open a company bank account in the UAE, a valid business registration or trade license is typically required. Good credit: Maintaining a good credit score is crucial as some banks may check your credit history before opening a bank account in Dubai. No criminal records: Banks will check for criminal records when opening a bank account in Dubai. Having a clean record is essential. Steps to Open a Bank Account in Dubai If you’re looking to open a bank account in Dubai, there are a few general steps you’ll need to follow. By following the proper procedures, you can ensure that your banking experience in Dubai is both safe and efficient. Here are the general steps to open a bank account in Dubai: Choose a bank: This involves researching various banks in the UAE and evaluating factors such as account fees, interest rates, and the types of accounts available. Fill out an application: To open a bank account in Dubai, you can either fill out an online application form or visit a bank branch in person. Most banks offer both options. Provide additional information: Before opening a bank account, prepare to provide additional information such as your occupation, salary, and proof of income, as some banks may require it. Submit the application: After completing the application and providing all the necessary information, you can submit it to the bank. Wait for approval: After submitting your application for a Dubai bank account, you will need to wait for the approval. Moreover, upon approval, you will receive a welcome kit containing. Activating the account: After receiving the welcome kit, you will be required to activate your account either by visiting the bank or via online banking. Fund your account: This can be done by transferring money from another bank account or depositing cash. The minimum deposit may vary depending on the bank and type of account you have opened. Open your bank account with Shuraa In conclusion, opening a bank account in Dubai is a relatively straightforward process that involves choosing a bank, filling out an application, providing necessary information, waiting for approval, activating the account, and funding it. Eligibility criteria such as residency status, age, income, business registration, credit history, and criminal record need to be met before opening a bank account in Dubai. Connect with Shuraa Business Setup experts to get your business setup needs fulfilled in the UAE. How Where Why Recent News Business Registration Cost in UAE in 2024-25 July 3, 2024 How to Apply for a UAE Golden Visa? July 3, 2024 Business Setup in Sharjah: Process, License, & Cost June

Any company, offshore or on the mainland, may require an excellent, well-developed office space for rent in Dubai. To their delight, the UAE provides a variety of reasonably priced office spaces that fit their budget and facilitate the formation of a business. According to the study, commercial Ejari contracts in Dubai increased by 28.1% yearly when comparing the second quarter’s office sector statistics. Rentals have increased in Dubai’s office sector for the first time since the first quarter of 2016. If you have a basic understanding of how office space legislation works, you can even find a co-working space in Dubai. However, it would help you thoroughly understand your business strategy before deciding on the best location for company formation. So, if you want to rent an office space in Dubai, keep reading. This article explores the types of office space for rent in Dubai and their advantages, methods, necessary paperwork, and other pertinent information. What Are the Different Types of Office Space in Dubai? There are a few possibilities for locating the perfect office space, depending on the kind of business and the city in which it is registered: Mainland (Onshore): Mainland Offices are a type of traditional office that companies can rent or buy. These areas can be customised to meet the tenant’s needs and are usually reserved for long-term leases. Typically, the tenant is responsible for all construction, alterations, furniture, and utilities (such as the internet). Shared Offices: Shared offices are another option for onshore businesses. In contrast to onshore offices, most necessities, such as desks and other furniture, phones, and internet connectivity, are provided by a third party that owns shared offices. Other tenants in these workplaces typically share standard features such as kitchens, conference rooms, and operated reception areas. Consequently, shared offices are the ideal option if you are looking for something inexpensive and simple to set up. Free Zone: Free Zone Offices are available to companies that operate within one of the free zones. Each free zone may have different standards that specify the amount of office space or the number of desks required, depending on the number of employees or the type of business. Although free zones provide fully furnished private offices, many businesses prefer Flexi-desks as a more cost-effective alternative. What Are the Benefits of Renting an Office Space in Dubai? An office space for rent in Dubai has numerous benefits. The following are some of them: Renting an office space is a simple process that does not require complicated paperwork. As a result, modern investors who cannot afford to pay too much for office space have access to practical flex desk solutions and other options, such as the office-by-the-hour model. Rentable office space in Dubai will satisfy all your needs due to its 24-hour service availability, prompt assistance, and cutting-edge infrastructure. All that is required is that you select your office space wisely. However, a mistake made now could lead to unnecessary trouble later. So, always seek the advice of a business counsellor who can provide you with important information about different company locations in Dubai, the cost of leasing an office space, and so on. Dubai is proud of its high-tech commercial infrastructure, which extends to its rental workplaces. If you have a large workforce and need a variety of resources, a  fully furnished office space for rent in Dubai is preferable. When the staff is small, use low-cost office space to save money. In either case, maintenance costs are low, and service disruptions are rare. Renting office space is a wise option, especially if your business is booming. It makes it easier to move into a bigger space. Furthermore, if your business is not doing well and you need to cut down, you can leave the rented space and move to a smaller office. How to Choose a Renting Office Space in Dubai? Choosing the perfect rental office that fulfils all your needs can be daunting. But not for you. Read through the points below to locate office space for rent in Dubai: 1. Recognize Your Requirements There are several great locations in Dubai, but you should choose the one that will work best for your company. Because of its strategic location, clients will be drawn to your company and perceive it as competent and dependable. For instance, If eCommerce is the foundation of your company, renting space at Dubai CommerCity will be a good choice. 2. Check for Infrastructure and Facilities There are many fantastic locations in Dubai, but you should choose the best one for your business. Customers will be drawn to your company because of its convenient location and will value it for its competence and dependability. Next, look into the options available at the leasing office. It should be equipped with all necessary equipment, furnishings, and supplies. Computers, as well as other personal items and technology, are not included. 3. Consider Parking Spaces An ample, secure parking space is required when looking for commercial offices for rent in Dubai. It will make you and your customers feel more at ease. 4. Find Your Ideal Space Numerous areas in Dubai are suitable for renting office space. However, free-trade zones are the best of them. These places stand out because they allow foreign companies to expand tax-free. Furthermore, you may choose free trade zones to avoid paying for the following: Income taxes Corporate taxes VAT taxes, and so on. 6. Pay the Security Deposit & Sign The Contract The procedure of leasing an office involves paying a deposit. A security deposit is required to safeguard the contract. The real estate agent will then prepare all of the necessary paperwork. Following the execution of the rental agreement, the preexisting lease contract will no longer be in effect. What Are the Documents Required for Renting Office Space in Dubai? The following documentation is needed to apply for renting office space in Dubai: A copy of your passport Passport-size photographs A copy of your entry visa Depending on the type of office space, you might need to provide additional documentation. The specialists at

If you’re planning a trip to Dubai or considering starting a business there, understanding the visa process and knowing visa services in Dubai is essential. Dubai is a vibrant city that attracts millions of visitors and entrepreneurs from around the world, and having the right visa is crucial for a smooth and hassle-free experience. Dubai offers a diverse range of visas for different needs and purposes including tourism, business, employment, or to join family members. Each type of visa has its own specific requirements and conditions, so it’s essential to have a clear understanding of what you need before applying. Also, for businesses, understanding the visa process is crucial for hiring foreign talent and ensuring compliance with immigration laws. Dubai is known for its business-friendly environment, and having the right visa for your employees can help streamline operations and facilitate growth. Therefore, we are here to give you valuable information about the different types of visas available in Dubai, their requirements, and the application process. Types of Visas in Dubai, UAE The type of visa you need for Dubai will depend on your purpose of travel and planned duration of stay. Here’s a breakdown of the most common visa types: Tourist Visa This is the most common visa for travellers, allowing you to explore Dubai’s vibrant tourism scene for 30 or 90 days. You can choose between single-entry and multiple-entry visas, with fees varying depending on the validity. Transit Visa Ideal for layovers between flights, this visa lets you stay in Dubai for up to 48 or 96 hours. Make the most of your stop by visiting nearby attractions like the Dubai Mall or indulging in some duty-free shopping. Work Visa For those seeking to build their careers in Dubai’s business ecosystem, this visa is your golden ticket. Secure employment with a Dubai-based company, and your employer will sponsor your work visa, opening doors to professional growth and exciting new opportunities in this flourishing business hub. Investor Visa Aspiring entrepreneurs and business minds, an investor visa in Dubai is your gateway to setting up ventures in Dubai. The investment required varies depending on your business type, but the potential rewards are vast. Residence Visa For those dreaming of making Dubai their long-term home, a residency visa in Dubai offers the stability and freedom to settle down and experience all that this cosmopolitan city has to offer. Invest in property, establish your business, or simply enjoy the lifestyle, Dubai welcomes you with open arms (and stunning beaches). Student Visa Pursue your academic dreams in Dubai’s renowned universities and institutions. This visa grants you residency for the duration of your studies, immersing you in a multicultural learning environment. Retirement Visa Enjoy your golden years in the sunshine with this visa, available to individuals meeting specific financial requirements like a minimum monthly income. Golden Visa This prestigious long-term residency visa grants 5 or 10 years of stay in Dubai for investors, entrepreneurs, and individuals with exceptional talents in various fields. Family Visa Bring your loved ones closer by sponsoring their Family Visa. This visa allows your spouse, children, and parents to reside with you in Dubai. Freelance Visa The Freelance Visa in Dubai, also known as the Green Visa, is a game-changer for remote workers and freelancers seeking a dynamic and cosmopolitan environment. It allows you to live and work in Dubai for generally up to 2 years. Maid Visa While technically not a visa for the worker themselves, the Maid Visa allows families to sponsor domestic help for household chores and childcare. It’s important to note that the UAE has strict regulations regarding domestic worker employment. Visa Services in Dubai Visa services in Dubai includes a range of professional assistance for handling the complex and ever-evolving world of visas in the UAE. The services offer guidance and support throughout the application process, helping individuals and businesses obtain the necessary permits to live, work, or invest in Dubai. By utilizing reliable visa services in Dubai, you can save time and effort and reduce the risk of errors or delays by ensuring correct documentation and procedures are followed. Also please note that visa requirements and regulations can change, so staying updated is key. Always check with the official UAE immigration authorities for the latest information. We highly recommend seeking professional guidance if you’re considering moving to Dubai or thinking of expanding your business. We are Shuraa Business Setup is your one-stop solution from company registration to visa assistance, we’ve got everything covered.  Step-by-step Dubai Visa Application Process The step-by-step process for applying for a Dubai visa can vary depending on the type of visa you need, your nationality, and whether you’re applying online or through a travel agency. However, here’s a general guide to follow: Determine the Type of Visa You Need Identify the purpose of your visit (tourism, business, work, etc.) and choose the appropriate visa type. Check eligibility requirements Each visa type has its own set of eligibility criteria, including nationality, income, health, and travel history. Check the official UAE visa website or consult with the nearest UAE embassy or consulate for specific requirements. Gather required documents Passport valid for at least 6 months after your planned return date. Completed visa application form (often available online). Passport-sized photographs meeting specific requirements. Proof of financial resources (bank statements, pay stubs, etc.). Travel insurance (may be required for some visas). Additional documents specific to your visa type (e.g., employment contract, investment certificate, school acceptance letter). Submit Application Submit the visa application and supporting documents through the appropriate channels. This can be done online or through agency, depending on the type of visa. Pay Fees Pay the applicable visa fees. The fees vary depending on the type and duration of the visa. Track Your Application Monitor the application status online through tracking systems provided by the relevant authorities. Visa Approval and Issuance Upon approval, your visa will be issued electronically or stamped in your passport. Ensure you receive the visa before your travel date.