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Showing posts from June, 2020

What to Consider for Business Setup in Dubai?

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What to Consider for Business Setup in Dubai? The “City of Gold” Dubai is the commercial capital of UAE which offers a lot of opportunities to set up a business with unique commercial modules for companies from different parts of the world. Investor-friendly government and global exposure are two of the most important factors which help in business setup in Dubai. Startups also enjoy more tax benefits and investment perks than any other part of the world. Despite the approachable processes, it is not easy for a new entity to grasp the procedure to launch a business. You should decide business activity in advance – There are some limitations when setting up a business in Dubai. You cannot start just any business in Dubai. You should figure out whether it fits in according to standards. Choose the right jurisdiction – Jurisdictions are segregated in Dubai in the form of zones to improve the productivity and competence of businesses. There are offshore, free zones, and mainland availab...

Company Setup in Dubai – A step by step guide

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Company Setup in Dubai – A step by step guide Once all the legal paperwork is sorted, it shouldn’t take over a week or so for the company to be set up in Dubai. Here are some of the aspects you need to consider when it comes to starting legal formalities. Nature of Business The type of license required varies as per the nature of the business. Whether you are looking for an industrial, commercial, or professional license, it is up to your business operations. Keep in mind that some activities need further approval from the government like jewelry trade, food trade, legal consultancy, and veterinary care. Over 2100 activities have been listed by the Department of Economic Development (DED). Contact the DED if your type of business is not listed. The approval formalities and regulations vary from free zones. Ownership If you want full ownership of a company as a foreign national, you need a license and address in one of several free zones in Dubai. Each free zone serves different acti...

Is Copyright Registration in Dubai Really Needed for Business Setup?

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Is Copyright Registration in Dubai Really Needed for BusinessSetup? Whether you have been selling or creating an innovative business idea for several years or you’ve got one, it is always better to protect the same. It keeps others from stealing your ideas. You can save your business and yourself up from costly, long, and tiresome court cases. If you are starting up with an innovative product, business idea, or technology, consulting with copyright registration consultants is a smart move. Here are the reasons – ● Smooth process It is especially important when it comes to starting a business and you can protect your idea silently and smoothly before letting anyone else know. Suppose you’ve got a smart idea. But before you get your business growing, a larger rival arrives with a big budget and steals your idea. They may get no legal trouble just because your idea doesn’t have copyright. The process of the trademark application is quite slow. Before you get your trademark registered,...

How to Set Up a Business in the Free Zone in Dubai?

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How to Set Up a Business in the Free Zone in Dubai? When it comes to the Freezone setup in Dubai, there are plenty of amazing options for investors. Depending on the location (offshore, mainland, or free zone), nature of the business, ownership options (Local or 100%), budget, and other factors, you can freely set up your business in the Emirates. You need to complete certain procedures and formalities to establishing a business in free zones in Dubai, such as proper planning, knowing local government rules and culture, and decision making. ● Choosing the type of business Choose the business activity to conduct as the license type varies on the type of business activity. A lot of zones in Dubai enable several activities. So, you can explore different options. ● Choosing a free zone After deciding on business activity, choosing the right free zone is your thing. There are zones based on sectors like healthcare, IT, trading, commerce, etc. So, you need to research when it comes to cho...

How to Renew a Trade License in Dubai?

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How to Renew a Trade License in Dubai? A trade license has been made compulsory to set up any business in Dubai by the Department of Economic Development (DED). Only those businesses which have trade licenses can operate in Dubai. If a business is operating without the same, a huge penalty is charged. However, special permission is needed for some types of businesses like manufacturing from the Ministry of Finance and Industry, and medical and pharmaceutical products from the Health Ministry. Trade license is a valid certificate according to the UAE code of conduct which enables an investor or businessman to perform certain activities. Steps to Renew Trade License in Dubai For trade license renewal Dubai, there are certain documents required – ● Photocopy of Tenancy Contract and Ejari Registration Certificate ● BR/1 form ● Photocopy of trade license ● Photocopy of passport of all partners It is important to renew trading licenses for every business in Dubai every year to stay legiti...

Easy Steps for Trademark Registration in Dubai

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Easy Steps for Trademark Registration in Dubai You need to be well aware of your rivals and the corporate environment. It is one of the most important things to do before setting up your business. You will surely come across businesses like yours offering similar types of services and products. But you can have a unique logo to make your brand standing out and make your business easy to recognize. FYI, a trademark is a word, symbol, or text which represents and depicts a product or company. Trademark registration is completely a legal procedure in Dubai, Abu Dhabi, and other parts of the UAE. So, it is recommended to hire a trademark registration consultant Dubai to sail through the complex process. This way, no other organization or business can imitate your trademark without your consent. Trademark registration may take some time but it is vital to protect your business or company. ● See the existing trademarks Figure out whether your desired trademark is available or not. You can...

How to Form a Company in Dubai?

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How to Form a Company in Dubai? The administrative, financial and technical parts are very daunting when it comes to company formation in Dubai. Here are the detailed steps to follow -  Choose the free zone – You need to choose the type of business to set up on free zones. Some free zones have only a few types of activities allowed like medical, media or transport. It is better to set up around other businesses in the same industries. Also consider the transport links. Suppose you are running an import/export business, you may want to choose the free zones around ports or airports.  Company name – There are strict rules for naming the businesses in the UAE. Be sure the company name conforms well. Don’t choose any name which sounds offensive. If your business is named after a person, he or she must be the owner or partner of the company and you need to use their full name – no abbreviations or initials.  Finalize the paperwork – You will need to co...

Types of Intellectual Properties in UAE

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Types of Intellectual Properties in UAE Intellectual property is anything that is created using the mind, such as inventions or artistic works, symbols, logo, names, or images used in commercial activities. There are two types of intellectual properties –  Patents for trademark, inventions, geographical indications, and industrial designs.  Copyright covers of poems, novels, and plays, music, films, artistic works like paintings, drawings, sculptures and photographs, as well as architectural designs.  Types of intellectual properties  Patent – This exclusive right is issued for any procedure from innovative idea, new invention, or innovative improvement to any product or imagination implemented or designed in a scientific way. The invention can be anything like application or process of a new approach or a device.  Things that cannot be patented legally –  Scientific theories, principles, mathematical formula and discoveries.  ...

Business formation in Dubai

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Business Formation in Dubai is Awesome & Beneficial  One can open business in Dubai without hassle, there are also many benefits opening business in Dubai. Dubai is the best city for operating and expanding business. One can open a business in Dubai for less than 10000 AED.  For Foreigners  If you are from India or another country, you can not open business directly. You need a partner to register your business. After then you have to complete formalities like:  1. Choosing business activity 2. Choose a Business name 3. Fulfill all incorporation paperwork 4. Get a Licence 5. Open a bank account 6. Process your VISA Tax Benefits There will be no tax on business in Dubai, you can send all of your earned money to your country or to your family.  VISA for 3 Years After setuping your business you get 3 years residential VISA and you can renew after 3 years. This is awesome.  For Digital Marketing your Business You need to...