Yusra Ambreen’s Post

Starting a business in the UAE is straightforward with City Time Businessmen Services guiding you every step of the way. Here’s a detailed overview: 1. Initial Approval: The Dubai Department of Economy & Tourism (DET) reviews your trade license application and documents, providing initial approval for your business. This approval allows you to proceed with the next steps, such as securing business premises. 2. Reserve Your Trade Name: Register your trade name, business activity, and company structure. You can also reserve your trade name before initial approval. Dubai has specific rules for selecting a trade name, ensuring it’s unique and compliant with local regulations. 3. Receive Your Business License: After initial approval, you must:   - Submit the initial approval receipt.   - Submit a duly attested memorandum of association (MoA). If your company is an LLC, one-person company, or a civil company, the DET will issue the MoA. For other legal forms, a notary can issue the MoA.   - Apply for and receive approval from other government entities if required.   - Submit a duly attested service agent contract if your business involves a local service agent, especially for civil establishments and companies 100% owned by non-GCC nationals. City Time Businessmen Services ensures a seamless setup. Contact us to simplify your business journey in the UAE, allowing you to focus on growth and success.

To incorporate a private company in Dubai, follow these steps: 1. *Choose a business activity*: Select the business activity you want to conduct in Dubai. 2. *Check the company name*: Ensure the desired company name is available and complies with UAE regulations. 3. *Obtain a business license*: Get a business license from the Dubai Department of Economic Development (DED). 4. *Register with the DED*: Register your company with the DED and obtain a registration number. 5. *Get a Memorandum of Association (MOA)*: Draft and notarize the MOA, which outlines the company's structure and objectives. 6. *Appoint a local sponsor*: If you're a foreign national, appoint a local UAE sponsor (individual or company) to hold 51% shares. 7. *Open a bank account*: Open a corporate bank account in Dubai. 8. *Obtain a trade license*: Get a trade license from the Dubai Municipality. 9. *Register with the Chamber of Commerce*: Register with the Dubai Chamber of Commerce and Industry. 10. *Obtain any additional licenses*: Get any industry-specific licenses or permits required. *Documents needed:* - Passport copies - Visa copies (if applicable) - NOC (No Objection Certificate) from the sponsor (if applicable) - MOA and Articles of Association - Business plan - Proof of business address - Share capital documents *Timeline:* The incorporation process typically takes 2-4 weeks. *Costs:* The costs include: - Business registration fees - License fees - Sponsor fees (if applicable) - Legal and professional fees thanks and regards CS Bharti Goel

Get to know the Process of opening a Business in the UAE 🚀

Can you combine 2 activities different type of license in one? Here’s the answer 👇

Want to know the difference between UAE business licenses, or not sure which type of license your business needs? checkout this video for a simple explanation

Ready to launch your UAE venture but confused about business licenses? Join our workshop with expert Nazima Munshi. Explore UAE business license options, understand eligibility and requirements, choose the right license for your venture, get your specific questions answered. #MumpreneursUAE #UAEBusiness #DubaiBusiness

Opening a New Company in the UAE Direct vs using a Business Setup Agent ■Directly with the UAE Government:》 ●Benefits:-● 1) Save Money: Government fees are usually cheaper than agent fees. 2) Control: You manage everything yourself and set your own pace. 3) Clarity: Working directly with the government might feel more straightforward. ●Challenges:-● 1) Complex Process: The paperwork and procedures can be tough and take a lot of time, especially if you're new to them. 2) Language and Culture: You might face issues with language and understanding local customs. 3) Mistakes: Errors in paperwork can delay your setup or cause fines. ■Using a Business Setup Agent:-》 ●Benefits:-● 1) Expert Help: Agents know the rules and can guide you through the process. 2) Time-Saving: They handle all the paperwork and approvals, saving you time and effort. 3) Extra Services: Agents often provide advice on business strategies and ongoing support. ●Challenges:-● 1) Higher Cost: Agents charge fees on top of the government fees. 2) Dependence: You rely on the agent to do things correctly and on time. 3) Service Quality: Choosing a good agent is important; a bad one can cause delays and issues. ■Opening a company directly with the government can save money and give you control but can be complicated. ■Using an agent makes the process easier and quicker but costs more and depends on the agent's quality. The choice depends on your knowledge of local rules, time, budget, and how much help you want. Which one would you prefer ?

🤔What to consider when you plan on start a business in the UAE? Setting up a new business in Dubai is an exciting and perspective process. However, it is important to understand some key factors that will impact your finances, licenses, and approvals before you embark on this journey.  1. Free zone or Mainland? One of the first decisions you will need to make is whether to set up your business in a free zone or in a mainland. Each has its own pros and cons, so it is crucial to weigh up the benefits and drawbacks before making a decision. On the one hand, setting up a business in one of the free zones can be great if you are looking to benefit from 0% corporate and personal tax and have a 100% foreign ownership. But at the same time you will have to work with a local mainland company in order to directly trade within the UAE market.   2. Necessary approvals  Once you have decided on the location, you will need to apply for the necessary approvals. This process will require you to obtain a business license and a residency visa, among other approvals that may be required for your specific business activity.  3. Bank account  Another crucial step is to open a business bank account. In order to do this, you will need to acquire a valid UAE residency visa, and an Emirates ID. Once you have these documents, you can open a business bank account.  4. Additional approvals  It is also important to note that depending on your business activity, you may require additional licenses and approvals. It is important to research and understand the specific licenses and approvals required for your business before starting your venture in the UAE. For example, if you are starting an enterprise that carries out financial services you will need a Financial Services Permission (FSP) from the Dubai Financial Services Authority (DFSA). If you need any assistance in gaining any neccessary or additional approvals or opening a company's bank account, we will be happy to help! Contact us📩💙

Unlock Seamless Business Setup with Dubai PRO Services" Embarking on a business venture in Dubai, the bustling hub of innovation and opportunity, requires navigating a maze of regulations and administrative tasks. Enter PRO (Public Relations Officer) services – the cornerstone of a hassle-free business setup process. Dubai PRO services streamline the intricate web of paperwork, permits, and legalities essential for establishing and maintaining a business presence in the UAE. From visa processing and company registration to license renewals and compliance, PRO experts serve as your trusted guides, ensuring every bureaucratic hurdle is swiftly cleared. With their in-depth knowledge of local regulations and extensive network of government contacts, PRO services expedite the setup process, saving you valuable time and resources. Whether you're a budding entrepreneur or a multinational corporation, partnering with Dubai PRO services is your gateway to a smooth and successful business journey in the dynamic landscape of the Emirates.

How to Register a Foreign Company in Dubai Discover the streamlined process of registering a foreign company in Dubai. Learn step-by-step procedures, essential documents and key considerations. Acquire insights for a successful business setup in this vibrant city. Read on: https://lnkd.in/gp3s8gKk #business #businesssetup #company #companyindubai #companyregistration #dubai