Shuraa

Author: Sanovar Lohia

  • How to Start a Software Company in Dubai 2026

    How to Start a Software Company in Dubai 2026

    To start a software company in Dubai, you’ll need to choose a jurisdiction (mainland or a free zone like Dubai Silicon Oasis), develop a business plan, define your activities, register a trade name, secure a professional license, obtain approvals, find office space (or a flexi-desk), and open a corporate bank account, requiring documents like passport copies, a business plan, and residency proof for shareholders. Free zones offer 100% ownership and tax benefits, while the mainland offers broader market access, with costs varying significantly.

    Establishing a software company in Dubai in 2026 offers a resilient, high-return pathway for forward-thinking entrepreneurs. If you’re eager to learn the ins and outs of kickstarting your venture and securing a software company license in Dubai, this comprehensive guide has you covered.

    Ready to Ride Dubai’s 15% SaaS Boom? A 2026 Guide to Starting Your Software Empire

    With the explosive expansion of the global digital economy and surging demand for cutting-edge tech innovations, launching a software company in Dubai stands out as an even more compelling opportunity in 2026. The UAE’s SaaS market is forecasted to reach approximately USD 5 billion by 2030, expanding at a robust compound annual growth rate (CAGR) of 15% from 2025 onwards, fuelled by widespread digital transformation and cloud adoption.

    This positions Dubai as a magnet for software pioneers, with the broader MENA IT spending projected to hit USD 169 billion in 2026 alone, including a 13.9% surge in software expenditures to USD 20.4 billion.

    Dubai’s commitment to technological advancement remains unwavering, with the UAE channelling over USD 15.2 billion in AI infrastructure, including major expansions like Microsoft’s new data centres and initiatives in generative AI, cloud computing, blockchain, and smart city ecosystems.

    These investments are supercharged by a highly digital-native populace—boasting near-universal internet penetration of 99%—coupled with proactive government policies like the Dubai Economic Agenda (D33) and free zone incentives that streamline innovation and attract global talent.

    As a result, the software sector in Dubai is not just growing but evolving rapidly, with the local market expected to advance at a CAGR of 14.4% through 2030, creating fertile ground for startups in fintech, AI-driven solutions, and enterprise software.

    Why Dubai is the Strategic Launchpad for Your Software Company in 2026

    Choosing Dubai as the home for your software venture in 2026 positions you at the dynamic intersection of ambition, technology, and global connectivity. Beyond its iconic skyline, the emirate has systematically engineered an ecosystem where technology companies don’t just operate, but lead and scale.

    Here’s why Dubai is a decisive advantage for software entrepreneurs.

    1. A Living Lab for Frontier Technologies

    Dubai is more than an adopter; it’s a first-mover and regulator of next-generation technologies. Government-backed initiatives in Artificial Intelligence (AI), blockchain, and the Internet of Things (IoT) create a high-demand environment for innovative software solutions. Launching here means your company directly contributes to and capitalizes on real-world deployments in sectors from fintech and logistics to sustainable urban management.

    2. A Business Engineered for Growth & Efficiency

    Dubai’s institutional commitment to commerce is unparalleled. For software startups, this translates into:

    • 100% Foreign Ownership: Full equity and control in mainland and free zone companies.
    • Attractive Tax Regime: No corporate or personal income tax, with a clear, modern tax framework.
    • Streamlined Operations: World-class digital infrastructure, simplified licensing, and regulatory processes designed for agility.

    3. Access to a Deep & Diverse Global Talent Pool

    The city acts as a magnet for top-tier international tech talent, from software architects to data scientists. This is amplified by progressive visa programs (like the Golden Visa for specialists) and numerous coding academies and university tech hubs, ensuring you can build and retain a world-class team.

    4. Fueled by the E-commerce & Digital Transformation Surge

    The MENA region’s digital economy is on a steep growth trajectory, with Dubai at its core. The explosive expansion of e-commerce, fintech, and digital services creates continuous demand for sophisticated software—from scalable cloud platforms and payment gateways to advanced CRM and logistics automation systems.

    5. Direct Alignment with Mega-Projects: Smart Dubai & Beyond

    Dubai’s vision to become the world’s smartest city is not just a plan—it’s a rolling portfolio of projects. Initiatives led by the Dubai Future Foundation and “Smart Dubai” mandate cutting-edge solutions in urban tech, data analytics, AI-driven services, and IoT integration, offering software companies a vast, government-partnered client portfolio from day one.

    6. Your Gateway to High-Growth Regional & Global Markets

    Strategically located at the crossroads of Europe, Asia, and Africa, Dubai offers unrivaled access to the high-growth MENA region. It serves as the perfect launchpad to tailor and deploy solutions for emerging markets, backed by exceptional global connectivity and a reputation as a trusted, neutral business hub.

    In essence, starting a software company in Dubai in 2026 means building within a proactive framework designed to accelerate your success. It’s an environment where government vision, market demand, and enabling infrastructure converge to turn innovative code into global impact.

    Required Documentation for Establishing a Software Company in Dubai

    A streamlined and transparent regulatory process is a hallmark of Dubai’s business environment. To ensure a smooth and efficient company formation, preparing the correct documentation is essential. The core requirements are standardized, though specific prerequisites may vary slightly depending on your chosen jurisdiction (Mainland or a specific Free Zone).

    Below is a definitive checklist of the key documents you will need to prepare and submit.

    Core Company Documents

    1. Company Application Form: The duly completed and signed application form specific to the Department of Economy and Tourism (DET) or your selected Free Zone Authority.
    2. Memorandum of Association (MOA): A legal document outlining the company’s structure, activities, and shareholding distribution. For Free Zone companies, this is often replaced by the Articles of Association.
    3. Comprehensive Business Plan: A detailed plan describing your software company’s objectives, market analysis, service offerings (e.g., SaaS, mobile development, AI solutions), financial projections, and operational strategy.

    Personal & Shareholder Documentation

    1. Passport Copies: Clear, colored copies of the passports for all shareholders, directors, and proposed managers. For UAE residents, a copy of the Emirates ID is also required.
    2. Proof of Address: Recent utility bills or bank statements (not older than 3 months) for each shareholder, serving as proof of residential address.
    3. Passport-Sized Photographs: Recent photographs with a white background for all shareholders and directors.

    Legal & Premises Documentation

    1. Office Space Evidence:
      • For Mainland companies: A tenancy contract attested by the Real Estate Regulatory Agency (RERA) or an Ejari certificate.
      • For Free Zone companies: A lease agreement for a flexi-desk, virtual office, or physical office provided by the Free Zone authority.
    2. Curriculum Vitae (CV) & Professional Background: Updated CVs for shareholders and managers, highlighting relevant experience in technology or software.

    Additional Documents (May Be Applicable)

    • Power of Attorney (PoA): If a representative is acting on behalf of a shareholder.
    • Parent Company Documents: For corporate shareholders, attested copies of the parent company’s Certificate of Incorporation, MOA, and Board Resolution authorizing the investment.
    • No Objection Certificate (NOC): Required from current sponsors if shareholders reside in the UAE under an employment or family-sponsored visa.

    Pro-Tip for a Seamless Process

    Engage a reputable local business setup consultant like Shuraa. We provide expert guidance on the exact document specifications for your chosen activity, handle attestations and translations (if needed), and liaise directly with authorities to prevent delays, allowing you to focus on your core software development strategy from day one.

    Key Software Business Models for Dubai

    Dubai’s dynamic market supports diverse tech ventures. You can establish:

    1. Custom Software & SaaS: Develop enterprise solutions, custom platforms, or scalable software-as-a-service products.
    2. App & Web Development: Build mobile applications (iOS/Android) or modern websites and e-commerce platforms.
    3. IT & Cybersecurity Consulting: Provide strategic IT advice, system integration, or specialized cybersecurity services.
    4. Emerging Tech: Focus on high-growth areas like AI solutions, data analytics, blockchain applications, or IoT platforms for smart cities and industries.
    5. Game Development: Create games for mobile, PC, or console, tapping into the region’s expanding entertainment sector.

    Each model benefits from Dubai’s digital infrastructure and demand for innovation.

    How to Start a Software Company in Dubai: Step-by-step

    To establish a software company in Dubai with clarity and efficiency, following a structured, step-by-step approach is essential. This roadmap aims to guide you through the essential phases, from the initial concept to the operational launch of your software company.

    1. Develop a Comprehensive Business Plan

    • Craft a detailed plan that articulates your vision. Key sections must include a market analysis of the UAE/MENA tech landscape, your proposed technology stack and services, a clear funding strategy, and a structured hiring and talent acquisition plan. This document is crucial for internal alignment and external approvals.

    2. Select Your Business Jurisdiction

    This is a pivotal decision that defines your market access and ownership structure.

    • Free Zone (Recommended for most startups): Offers 100% foreign ownership, full tax exemptions, and a streamlined setup process. Ideal for software development, consultancy, and R&D.
    • Example Zones: Dubai Silicon Oasis (DSO/Dtec), Dubai Internet City, SHAMS in Sharjah.
    • Mainland: Provides direct access to conduct business with the wider UAE government and private sector market. While some tech activities may now allow 100% foreign ownership, it’s essential to verify the latest regulations for your specific software activity.

    3. Define Your Licensed Activities

    • Precisely specify your company’s activities (e.g., Software Development, Cloud Computing Services, IT Consultancy, Artificial Intelligence Solutions) with the relevant authority. Accuracy here ensures compliance and defines your operational scope.

    4. Register Your Trade Name

    • Select a unique and professional company name that adheres to UAE naming conventions and reflects your brand identity. The chosen authority will approve its availability.

    5. Obtain Preliminary Approvals & License

    6. Submit Required Documentation

    Prepare and legalise the standard document package, which consists of:

    • Shareholder/director passport copies and visa page
    • Proof of address
    • Memorandum & Articles of Association (MOA/AOA)
    • Approved business plan

    7. Secure Your Official Office Address

    • Fulfil the physical presence requirement by leasing an office, or opt for cost-effective flexi-desk or virtual office packages offered by Free Zones, which are highly suitable for agile software teams.

    8. Open a Corporate Bank Account

    • Initiate the process with UAE local or international banks. Prepare your company documents, business plan, and shareholder details. Banking relationships are fundamental for smooth financial operations.

    9. Process Residency Visas

    • Upon license issuance, you can apply for investor and employee residency visas. This allows you and your team to legally reside in the UAE and is a key benefit for attracting global talent.

    Simplify your launch. Shuraa Business Setup provides expert, end-to-end guidance for technology ventures. We ensure your jurisdiction, licensing, and setup are perfectly optimized for growth in Dubai and beyond.

    Cost Breakdown for Your Software Company in Dubai

    Launching your software company in Dubai is a strategic investment with clear and manageable upfront costs. While the total expenditure is highly customizable, you can anticipate an initial investment starting from approximately AED 12,900.

    The final amount—which can extend to AED 50,000 or more—is tailored to your specific business model and growth ambitions, influenced by several key factors:

    • Jurisdiction & License: Costs differ between mainland and various free zone licenses.
    • Office Solution: Opting for a physical office, flexi-desk, or virtual office package significantly impacts the budget.
    • Scale of Operations: The number of visas required for founders and employees is a primary cost variable.
    • Professional Services: Engaging a business setup consultant ensures efficiency and compliance, adding value and clarity to the process.

    Strategic Insight: While opting for larger teams or premium office spaces will increase costs, partnering with an experienced setup advisor like Shuraa is the most effective way to optimize your budget. We provide transparent costing, identify essential versus optional expenses, and structure a setup that aligns precisely with your financial plan and operational goals, ensuring every dirham is strategically invested.

    Your Strategic Launchpad Awaits in Dubai

    Starting a software company in Dubai is more than an exciting venture—it’s a strategic decision to position your business at the heart of one of the world’s most dynamic and future-focused tech ecosystems. With its progressive government, unparalleled infrastructure, and access to global markets, Dubai offers the ideal environment for innovation to thrive and scale.

    Turning this vision into a compliant, operational reality is where expertise matters most. With over 26 years of dedicated experience and a legacy of successfully forming 100,000+ businesses across the UAE, Shuraa Business Setup is your trusted partner. We don’t just process paperwork; we architect foundations.

    From selecting the optimal jurisdiction and securing your software-specific license to managing all visa applications and banking formalities, we provide a seamless, end-to-end setup service. This allows you to dedicate your energy and resources to what you do best: developing groundbreaking software and growing your business.

    Ready to build your future in Dubai? Contact Shuraa Business Setup today for a free, comprehensive consultation.

    Call: +971 44081900
    WhatsApp: +971 507775554
    Email: info@shuraa.com

    Let’s transform your software vision into your next major success story.

    Frequently Asked Questions (FAQs)

    Have questions about launching your tech venture in Dubai? Find clear, expert answers below to help you navigate the setup process with confidence.

    1. How long does it take to establish a software company in Dubai?

    With all documents prepared correctly, the entire process—from application to license issuance—typically takes 2 to 3 weeks in most free zones. Mainland setups may take slightly longer due to additional procedural steps.

    2. What is the minimum cost to start a software company in Dubai?

    Costs can start from AED 12,900, covering basic license and government fees. The final investment depends on your chosen jurisdiction (free zone vs. mainland), office space type, and the number of visas required.

    3. Do I need a physical office to start a software company in Dubai?

    In most free zones, a physical office is not mandatory. You can opt for a flexible and cost-effective flexi-desk or virtual office package to meet the legal address requirement, which is ideal for startups and remote teams.

    4. Can I have 100% foreign ownership of my software company in Dubai?

    Yes, absolutely. Both free zones and, under recent UAE law reforms, most mainland professional license categories allow 100% foreign ownership with no requirement for a local sponsor or partner.

    5. What license do I need for a software business in Dubai?

    You will typically require a Professional/Tech License. It’s crucial to accurately define your activities during application, such as software development, AI solutions, mobile application development, IT consultancy, and cloud services, to ensure full operational compliance.

    6. What is the difference between setting up in a Free Zone vs. Mainland Dubai?

    • Free Zone: Offers 100% ownership, tax exemptions, streamlined setup, and custom packages but limits direct trading within the UAE local market without a distributor.
    • Mainland: Allows direct business with the UAE market and government entities but may involve more steps and potentially higher costs.

    7. Can I sponsor visas for myself, my family, and my employees?

    Yes. Once your company is licensed, you can apply for investor visas for owners and employment visas for your team and sponsor visas for your family members, provided you meet certain office space and salary criteria.

    8. Is a business plan necessary for the application?

    While not always a mandatory submission for all authorities, a well-prepared business plan is highly recommended. It clarifies your strategy for authorities and is essential for opening a corporate bank account.

    9. How can Shuraa Business Setup assist me with starting a software company in Dubai?

    With over 26 years of experience and a track record of forming 100,000+ businesses, Shuraa provides end-to-end guidance. We handle jurisdiction selection, document preparation and attestation, license processing, bank account assistance, and visa applications, ensuring a smooth, compliant, and efficient setup.

    Have a specific question not covered here? Our experts at Shuraa Business Setup are ready to provide personalized guidance for your software venture.

    Contact us today for a free consultation: Call: +971 44081900 | WhatsApp: +971 507775554 | Email: info@shuraa.com

    Disclaimer: Information is for general guidance only and subject to change. Regulations vary by jurisdiction. Professional legal and financial advice is essential before making any business decisions.

  • How to Get Trade License in Sharjah [2026 Guide]

    How to Get Trade License in Sharjah [2026 Guide]

    One of the biggest business centers in the world, UAE offers astute investors countless options and a booming economy. And establishing a business in Sharjah is a smart move for individuals wishing to benefit from the city’s beneficial economy. Do you intend to launch your company in UAE? You can acquire a trade license. This document gives you permission to carry out business operations in the Sharjah emirate. Along with the many trade licenses classifications, there are also the commercial activities that each license permits.

    In this blog article, we’ll walk you through the process of obtaining your trade license in Sharjah, including advice on business setup and the processes required to get a UAE trade license.

    This article will offer helpful advice on creating a successful business setup in the Sharjah Free Zone, regardless of your level of experience as an entrepreneur. So, let’s get going!

    Sharjah’s Economic Development Department’s Role

    The Department of Economic Development (DED) in Sharjah is crucial in regulating and supervising the establishment of new businesses.

    Trade licenses and permits for companies operating in Sharjah, including Sharjah Mainland, are issued by the DED. This covers everything, from modest retail establishments to substantial industrial enterprises. To make sure that enterprises abide by all pertinent laws and regulations, the DED also collaborates closely with other governmental organizations.

    The SEDD offers a variety of services to businesses in addition to issuing trade licenses, including assistance in locating appropriate locations for new firms and direction on how to incorporate a new company. They also aid and direct start-up companies on a variety of company establishment matters in the UAE.

    However, certain economic activities necessitate approvals and licenses from other government bodies. These consist of:

    • Pharmaceutical and healthcare organizations must obtain clearance from the Ministry of Health.
    • Financial institutions and banks must have approval from the UAE Central Bank.
    • The business operations of industries are approved by the Ministry of Finance and Industry.
    • Companies that provide insurance and related services are allowed by the Ministry of Economy and Commerce.

    Types of Trade License in Sharjah Free Zone

    There are various trade licenses available for anyone starting a business in the Sharjah Free Zone, each with unique criteria and advantages. Making the right choice for your company can be aided by having a thorough understanding of the various license types and their applications.

    1. Industrial License

    Businesses engaged in manufacturing, assembly, packing, or other comparable industrial activities need to get an industrial license. This permit enables businesses to import machinery and raw materials and export finished products. Companies that have an industrial license are also eligible for the corporate and individual income tax exemptions offered by the free zone.

    2. Professional License

    Businesses that offer consulting, engineering, and design services must have a professional license. This license entitles businesses to the importation of tools and equipment required for the provision of their services, as well as tax exemptions from both corporate and individual income taxes.

    2. Commercial License

    Businesses that engage in trading activities, such as importing and exporting goods, must have a commercial license. This kind of license enables businesses to import products, store them in the free zone, and then export them abroad. Tax exemptions for corporate and individual income in the free zone are also available to businesses possessing a commercial license.

    Before making a choice, it is important to understand the rules and restrictions of each license because each one has unique requirements and advantages.

    Process to Obtaining a Trade License in Sharjah

    Securing a trade license from the Sharjah Economic Development Department (SEDD) involves a clear, multi-stage process. The following steps outline the journey from concept to legally operating your business.

    Step 1: Define Your Business Activity and Legal Structure

    • Business Activity: Precisely define your core business activities. This is the first critical step, as your license type (commercial, industrial, professional, or tourism) depends on it.
    • Legal Structure: Choose an appropriate legal form (e.g., Sole Establishment, Limited Liability Company (LLC), Civil Company). This decision impacts ownership, liability, and documentation requirements.

    Step 2: Register Your Trade Name

    Select and reserve a unique trade name that complies with UAE naming conventions. The name must not be already registered or conflict with public morals. SEDD must officially approve the name before you can proceed.

    Step 3: Secure Initial Approval from SEDD

    Apply for initial approval from SEDD. This is a preliminary green light indicating that the authorities have no objection to the establishment of your proposed business, pending the completion of all other requirements.

    Step 4: Lease and Attest Your Business Premises

    Sharjah mandates a physical address for all businesses. You must:

    • Secure a lease agreement for an office, shop, or warehouse.
    • Get the tenancy contract attested by the Sharjah Municipality. This is a mandatory step for the license application.

    Step 5: Prepare and Submit Your Application

    Compile all required documents and submit the complete application package to SEDD. Essential documents typically include:

    • Completed SEDD application form
    • Passport copies and visa copies of shareholders/partners
    • Initial approval certificate
    • Attested tenancy contract
    • Memorandum of Association (MOA) or Local Service Agent agreement (if applicable)
    • Additional clearances (e.g., from the Chamber of Commerce, other governmental departments for specific activities)

    Step 6: Pay Fees and Receive Your License

    • Once SEDD reviews and approves your application, you will be notified to pay the requisite license issuance fees.
    • After payment, you will receive your official trade license, authorizing you to commence commercial operations in the emirate.

    Step 7: Annual Renewal

    Your trade license is valid for one year and must be renewed annually before its expiry date to avoid penalties and maintain your legal standing.

    Important Note: This guide provides a general overview. Procedures and required documents can vary based on your specific business activity and legal structure. Engaging a professional business setup consultant is highly recommended to ensure a smooth and compliant process.

    Cost of Getting a Trade License in Sharjah

    The cost of obtaining a trade license in Sharjah can vary significantly, ranging from AED 5,000* to AED 30,000* or more, depending on several factors. Factors influencing the cost include the type of license (commercial, professional, industrial, or e-commerce), business activity, company structure, location (mainland or free zone), and whether office space is required.

    Get in touch with Shuraa Business Setup for a tailored quote and expert guidance on the exact costs based on your specific requirements.

    Trade License Renewal in Sharjah

    Renewing your trade license in Sharjah Free Zone or mainland Sharjah requires submitting specific documents to the Department of Economic Development (DED). Below is a step-by-step guide to ensure a smooth renewal process.

    Documents Required for Trade License Renewal in Sharjah

    To renew your Sharjah trade license, submit the following to the Sharjah Economic Development Department (SEDD):

    • Completed License Renewal Application Form
    • No Objection Certificate (NOC) from relevant authorities (if applicable) 
    • Copies of the UAE Passport & Emirates ID of the business owner/partners
    • Notarised Signature Authorisation (attested by a Notary Public)
    • Valid Lease Agreement (certified copy)

    Trade License Renewal Fees in Sharjah

    The Sharjah trade license renewal cost varies based on: 

    • Business activity type
    • Company size (number of employees)
    • Free Zone vs. Mainland jurisdiction

    Estimated Renewal Fee: AED 10,000 – AED 15,000 (annually)

    For exact pricing, check the SEDD official website or consult a business setup expert.

    Step-by-Step Renewal Process

    1. Gather all required documents (listed above).
    2. Submit the application along with fees to SEDD (Sharjah DED).
    3. Await approval – The department will review your submission.
    4. Receive your renewed license (if all documents are correct).

    Late Renewal Penalties in Sharjah

    Keep in mind, the Sharjah Economic Development Department (SEDD) imposes fines for late trade license renewal based on the duration of the delay. The fine can range anywhere from AED 200 per month to AED 5,000 or more depending on the duration of the delay:

    • License expiry less than 2 months: No fine
    • License expiry from 2 months onwards: AED 200/month*
    • License expiry for prolonged period: Can go up to AED 5,000*

    Avoid penalties by renewing on time!

    It’s essential to note that the Sharjah trade license renewal fee varies depending on factors such as business activity, company size, and the specific free zone or mainland jurisdiction. Typically, renewal fees range from AED 10,000 to AED 15,000 annually. For the most accurate and up-to-date information, it’s advisable to consult the official Sharjah Economic Development Department (SEDD) website or Shuraa business setup experts.

    Read more: How To Get A General Trading License In Sharjah

    How Shuraa Can Help to Get your Trade License!

    Shuraa Business Setup is a one-stop shop for expats and businesses looking to excel in the UAE business environment. From Sharjah company formation to PRO services, we have the competence to guide you through every stage of your business journey.

    We can guide you through the procedure, make sure your business complies with all rules, and help you take advantage of every business opportunity whether you’re trying to establish your operation in the Sharjah Mainland or Free Zone.

    Don’t let the difficulties in setting up a business in the United Arab Emirates prevent you from following your entrepreneurial goals. Please allow us to guide you through the procedure and ensure your success in the UAE market. Call us at +971 4 4081900 right away. Additionally, you can reach us by WhatsApp at +971 50 7775554 and email at info@shuraa.com.

    Frequently Asked Questions (FAQs)

    1. What are the main types of trade licenses available in Sharjah?

    Sharjah offers several types of trade licenses, including Commercial, Industrial, and Professional licenses. The appropriate license depends on the nature of your business activities.

    2. How to Check the Trade License Fine in Sharjah?

    To check your trade license fine in Sharjah, visit the Sharjah Municipality eServices portal. Navigate to the “Trade License Fines Payment” section. Enter the required details, such as your trade license number or business name. The system will display any outstanding fines associated with your license. Alternatively, you can use the SEDD Smart App, available on Google Play, to manage your business licenses and check for any violations.

    3. How can I renew my trade license in Sharjah?

    To renew your trade license, submit the necessary documents, such as a valid lease agreement and the current license, through the Sharjah Economic Development Department (SEDD) portal. Ensure timely renewal to avoid fines.

    4. How can I cancel my trade license in Sharjah?

    To cancel your trade license, submit a cancellation request to SEDD, clear any outstanding fines or obligations, and provide necessary documents such as the original license and a cancellation form.

    5. Can I operate multiple business activities under one trade license?

    Yes, you can include multiple related business activities under a single trade license, provided they fall within the same license category and are approved by SEDD.

    6. Can I operate my business from a virtual office in Sharjah?

    Some free zones in Sharjah may allow virtual office setups for specific business activities. However, mainland businesses typically require a physical office space.

    7. How long does it take to process a trade license application in Sharjah?

    The processing time can vary, but typically, it takes between 3 to 10 working days, provided all documents are in order and approvals are obtained.

    Disclaimer: The information in this post is for general guidance only and may change due to updates in government policies or regulations.

  • How to Get a RERA Certificate in Dubai

    How to Get a RERA Certificate in Dubai

    Dubai is a thriving metropolis that draws visitors from all over the world, and its real estate market is flourishing. Nonetheless, a RERA certificate is required to start a real estate agency in Dubai. RERA (Real Estate Regulatory Agency) is the name of the agency in charge of regulating the real estate market in Dubai. We’ll go through the advantages of having a RERA License in Dubai real estate firm in this blog post, along with how to get one and how much it will cost.

    Benefits of RERA Certificate for Dubai Real Estate Agency

    The following are the various benefits of obtaining RERA Certificate in Dubai:

    • Legitimacy: Your real estate agency will get credibility with a RERA certificate, which validates you to set up business in the Dubai real estate industry. Potential clients who are searching for a dependable firm to deal with become more trusting as a result.
    • Compliance: RERA laws aim to safeguard the interests of buyers, sellers, and tenants in the Dubai real estate market. However, your firm may establish a reputation for professionalism and dependability by acquiring a RERA certificate, which demonstrates your organization’s dedication to abiding by these rules.
    • Access to Services: The Dubai Land Department’s services, including property registration, title transfer, and other crucial services linked to real estate transactions, are only accessible to organizations possessing a RERA certificate. As a result, your organization has an edge over others without a certificate.
    • Better Marketing Opportunities: A RERA certificate allows real estate agencies to hold a position on the RERA website, giving your business exposure and visibility to potential clients looking for a reputable real estate firm in Dubai.

    However, this can help your business become more well-known and draw in more clients.

    How to Get a RERA License in Dubai?

    To become a real estate agent, you have to obtain a RERA license in Dubai. You need to follow these steps:

    1. Apply for a Residency Visa

    Prior to applying for a RERA License in Dubai, you must hold a Dubai resident visa. Either starting a business in Dubai or working for a local employer are two ways to get a residence visa. If you get a resident visa, you can move on to the following phase.

    2. Application Process

    To apply for a RERA license, you will need to submit an application to the Dubai Land Department. The application will require you to provide details about your personal and professional background, as well as any relevant qualifications or experience. You will also need to provide a passport-sized photograph, a copy of your passport, and a copy of your residency visa.

    3. Register for the RERA Exam and DREI Certification Training

    You must finish the Dubai Real Estate Institute (DREI) accredited training programme and pass the RERA test in order to qualify for a RERA License in Dubai. The training curriculum covers a wide range of estate-related topics, such as rules and regulations, market analysis, and valuation methods. You must take the RERA exam in Dubai to prove your knowledge and comprehension of the subject matter after completing the training course.

    4. Get Your Realtor License and Obtain Approval

    You can also apply for your RERA License Dubai after completing the DREI-certified course and passing the RERA test. One must provide evidence of passing the RERA exam, the training course, and any further necessary credentials in order to get your License. You will receive your RERA License when the Dubai Land Department has examined and accepted your application.

    As a result, obtaining a RERA License in Dubai entails a number of steps, such as obtaining a resident permit, completing the application process, enrolling in DREI-accredited training, passing the RERA test, and receiving your realtor license and approval. Hence, you may get your RERA License in Dubai by following these instructions, making you qualified to work as a registered estate agent or broker in Dubai.

    RERA License Cost in Dubai

    A RERA License Cost in Dubai varies depending on the region and type of business. According on educational background, the cost of the RERA registration exam varies. For individuals with bachelor’s degrees, exam fees are AED 3,200; for those without, they are AED 6,300. Also, the fee for those without a degree is AED 15,750. Additionally, RERA charges a fee of AED 5,020 per activity.

    The processing of licenses can begin after obtaining a RERA training certificate. Additionally, an LLC must pay about AED 12,950 for a real estate brokerage license.

    However, the starting cost for RERA certificate in Dubai is AED 21,000, on average.

    Depending on the type of activity you are engaging in, the cost of filing for a RERA license may vary. Other real estate-related activities, nevertheless, have larger yearly costs.

    Following are the Real estate-related activities:

    1. Real estate mortgage consultancy
    2. Real estate consultancy
    3. Self-owned property leasing and management services
    4. Real estate buying & selling brokerage.
    5. Real estate leasing brokerage
    6. Buying and selling real estate
    7. Real estate public auction organizing
    8. Real estate management supervision services
    9. Property inspection services
    10. Real estate survey services
    11. Mortgage broker
    12. Real estate services trustee
    13. Real estate representative office
    14. Service center (Real Estate)
    15. Real estate promotion trustee

    The following real estate-related activities have an annual fee:

    1. Real estate exhibition organizing
    2. Owner association management services
    3. Real estate valuation profession licensing

    Documents Needed to Get A RERA License

    The following paperwork must be gathered in order to submit an application for a RERA License in Dubai:

    • A copy of your passport, your residence visa, or your Emirates ID card
    • passport-size photographs
    • Evidence that you passed the RERA certification test and your RERA training
    • A copy of your realtor license
    • The Dubai police may require that you receive a certificate of good behavior.
    • If you are based in a free zone, you will need the NOC from the free zone authorities.
    • You could require a memorandum of agreement signed by all shareholders depending on the sort of business you establish.
    • Lastly, a copy of trade name reservation

    Responsibilities Under RERA In Dubai

    In Dubai, RERA has a broad variety of duties that fall under its purview. Following are the obligations:

    • Granting Licenses to all companies and organizations involved in the real estate industry
    • Real estate brokers must be licensed.
    • Control of leases, advertisements, and real estate displays
    • Creating research and reports on the industry
    • Fostering the real estate industry
    • Lastly, educating companies and ordinary citizens about regulatory changes affecting the real estate industry.

    Conclusion

    For a real estate agency, getting a RERA License in Dubai may have a lot of advantages. In addition to ensuring that local laws and regulations are obeyed, it also raises the agency’s profile and reputation in the industry. A RERA-certified startup is seen as being more dependable and trustworthy, which can increase customer satisfaction and open up new business opportunities.

    The certification can also be an effective tool for the agency in recruiting and keeping top staff. Real estate agents in Dubai may position themselves for long-term success in a cutthroat market by investing in RERA certification. Moreover, for any assistance related to company formation in Dubai, Contact us by phone at +971 4 4081900 or via WhatsApp at +971 50 7775554. Instead, you can visit blog.shuraa.com/ and send us an email at info@shuraa.com.

  • How to Expand Your Business in Dubai

    How to Expand Your Business in Dubai

    Dubai is undoubtedly one of the best cities in the world to expand business operations. With advantages like a robust tax system, an investor-friendly infrastructure, and the full support of the government, entrepreneurs look favourably upon the city as the center for their global operations.

    The Dubai Department of Economy & Tourism (DED) published the latest figures through their Business Registration & Licensing (BRL) department. A clear sign of the business expansion in Dubai is the issuance of 45,653 new business licenses in H1 2022. This was a 25% growth in comparison to the same period in 2021. Among these, 55% were professional licenses, while 45% were commercial licenses.

    7 Tips to Expand and Grow Your Business in Dubai

    Company formation in UAE is booming and this is an opportune moment if you are an investor looking to grow their business in Dubai. Additionally, companies need to incorporate business strategies that are in line with the current trends. so, here are some simple ways through which you can expand your business in Dubai.

    1. Artificial Intelligence led marketing 

    Data-driven marketing is soon becoming the standard for all business operations. Artificial Intelligence (AI) is currently the top marketing trend for 2024. There is a significant move towards a more automated understanding of consumer decisions through AI led data collection leading to expansion of business in Dubai

    Although technology has long since been a driving force behind marketing decisions, advances made in it have led to easier processes for businesses. The reason why AI can change the marketing landscape is that it does not just focus on data but on personalizing the user experience. It attempts to understand the user language is such a way to encourage action. Therefore, companies that do not adapt quickly can expect to fall behind in an already competitive market.

    2. Integrating hybrid work-mode

    The Covid-19 pandemic has led to lasting changes in the day-to-day working model. One such significant change is the implementation of hybrid working. Companies across the UAE have realised the significance of a flexible work schedule and its contribution to a healthy work-life balance. Business owners understand that to expand their business in Dubai, they need to be mindful of their workers’ requirements.

    The Dubai government has always been a leading pioneer in strategic planning for better talent acquisition & retention. There is always a purpose of improving workforce function in all its laws and regulations, keeping a sustainable environment as the chief priority. Dubai is after all, a smart city that employs smart working conditions.

    3. Incorporating globally diverse workforce

    The UAE is among those unique countries in the world, which has a concentrated workforce of expatriates from different nationalities. Accordingly, companies in the UAE employ multinational and multilingual personalities working across top global standards. Indians consist of the highest expat population at 27.49%.

    This cultural and national integration ensures that UAE is compliant with international working standards. Additionally, this cross-cultural experience allows for greater emphasis on workers’ skills. The shift to a skill-based workforce, not only grows your business in Dubai but expands it to other domains of the world.

    4. Business via Virtual Reality & Augmented Reality 

    Modern day business is bound to be influenced by technological innovations. Global boundaries are now almost invisible with the integration of VR/AR (Virtual Reality/Augmented Reality) mechanisms in the workplace. UAE, as an innovation hub is already strongly committed to incorporating these technologies. It is estimated that the VR/AR industry could contribute to over USD 4 billion, i.e., 1% of the GDP, to the country’s economy by 2030.

    The applications of AR/VR are spread across a wide range of industries such as education, IT, healthcare, gaming, and more. There is no doubt an industrial revolution waiting to happen with AR/VR at the fore.

    5. Innovative Free Zones 

    The UAE has over 44 free trade zones, with 30 located just in Dubai. Each free zone is known for its industry-specific infrastructure, their own legal framework and rules, business support and incentives, incubator & accelerator programs, 100% ownership of businesses, easy start-up process, ease of labour and immigration procedures & more.

    With the help of Shuraa’s expert corporate advisors, you can select a Dubai free zone that best suits your needs.  

    6. Capitalize on Marketing & Networking 

    Businesses nowadays are heavily dependent on cutting-edge marketing strategies to reach their target audience. No matter what sector your business belongs to, it is essential that your marketing initiatives reach the correct people. The right marketing moves can enhance your product, widen your brand awareness and ultimately increase your sales.

    Additionally, companies should never ignore the impact of a person-to-person approach. Dubai, because of its centralised location is widely popular as the home several international-scale networking events. The Dubai World Trade Center hosts numerous conferences and trade shows where industry experts all over the world can gather and network to boost their brand.

    7. Exploring new markets/locations 

    A business that does not evolve with time is one that remains stagnant. Therefore, entrepreneurs must constantly look for ways to expand their Dubai business to new zeniths and achieve greater profits. This includes diversifying into newer markets, changing the location of your company, or also experimenting with newer trade platforms.

    In such scenarios, there is no better place to be than Dubai. The thriving economy, liberal tax policies, options of free zone/mainland/offshore business setup, all make Dubai a highly lucrative destination to either establish a new business or expand an already existing one.

    Why should you expand your business in Dubai?

    Dubai is home to a constantly growing number of Small and Medium Enterprises (SMEs). Since its diversification from oil trade, several other new industries like tourism and hospitality, precious metals and gems, e-commerce & retail have emerged as contenders. With the influx of foreign investments & business diversification, businesses looking for expansion in the global markets have found a safe place in Dubai.

    So, as an investor who either needs help setting up a new company or wants to expand their business in the Dubai market, you can utilise the help of Dubai’s trusted company formation consultants, Shuraa Business Setup. Their corporate consultants will guide you through the entire process of business setup in the UAE. We are available at:

    Call: +971 44081900 

    Whatsapp: +971 507775554 

    Email: info@shuraa.com 

  • About Dubai Airport Free Zone

    About Dubai Airport Free Zone

    Dubai Airport Freezone (commonly abbreviated as DAFZ or DAFZA) is a leading designated free economic zone in Dubai, United Arab Emirates. It specialises in company formation, business setup, and operational support for international investors in Dubai. Strategically located adjacent to Dubai International Airport, DAFZ serves as a dynamic hub for global trade and logistics.

    DAFZ hosts over 3,300 businesses across more than 20 industries, employing over 20,000 people. These companies enjoy business-friendly rules, no taxes, full foreign ownership, the ability to repatriate all profits, and top-quality facilities.

    History

    DAFZ was established in 1996 to help Dubai become a place that attracts investment and supports a variety of businesses. Since then, it has become one of the fastest-growing and most creative free zones in the Middle East, helping Dubai’s economy grow in new ways.

    Today, DAFZ plays an important role in Dubai’s economy by helping businesses grow quickly, with no taxes on goods, easy setup, full foreign ownership, and no limits on sending money abroad. Its location next to the world’s busiest airport makes customs processing fast and allows businesses to connect easily to the world.

    Covering about 696,000 square meters, the zone has many office buildings, over 250 warehouses, and modern facilities. Major industries in DAFZ include technology, medicine and beauty products, engineering and construction materials, aeroplanes and aviation, shipping and transport, food and drinks, jewellery, gems, and luxury items.

    Free Zone Business Licensing

    DAFZ offers different types of licenses to fit various kinds of businesses:

    • Trade License: Permits import, export, distribution, re-export, and storage of goods.
    • Service License: For businesses that provide services, like consulting, IT help, or other professional work.
    • Industrial License: For businesses that do light manufacturing, put products together, package goods, or similar work.
    • E-Commerce License: For businesses that sell goods and services online.
    • General Trading License: Allows businesses to trade a wide range of products, including importing, exporting, re-exporting, storing, and distributing goods.
    • Dual License (with Dubai Department of Economic and Tourism – DET): Let’s DAFZ companies get a DET license for the mainland without needing a physical office there, so they can do business outside the free zone.

    Services

    DAFZ gives full support for starting and running a business, including:

    Business Setup Services:

    • Leasing of offices, flexi-desks, warehouses, and land plots
    • Company licensing and registration
    • Visa and residency processing
    • Special government centres to make approvals faster and easier

    Business Operational Services:

    • Help with managing buildings and setting up office interiors
    • Modern technology and communication systems
    • Security and digital services
    • Amenities such as food courts, retail outlets, travel agencies, and more

    Initiatives

    DAFZ has started several new programs to encourage innovation and growth:

    • Dubai Blink: An online shopping platform for free zone companies that uses artificial intelligence and blockchain, and offers virtual business licenses. It is part of Dubai’s 10X government innovation plan.
    • FZ Exchange: Lets free zone companies become public companies and join stock markets, making it easier to raise money and attract investors.
    • Internal Launchpad Program: An online platform where employees can share ideas, help start new businesses, and share skills to create a culture of innovation.
    • Global Gateway to Halal Industry: Promotional activities, like guidebooks in different languages, to attract investors to the UAE’s halal food and drink sector.
    • Digital Intelligence Initiative: Focuses on updating technology sustainably, improving digital platforms, and providing connected online services.
    • Smart Office Initiative: An online platform for international companies to learn about Dubai’s markets and business opportunities.

    Other efforts focus on making government services more innovative, supporting sustainability, and working together with public organisations.

    Awards and Recognition

    DAFZ has earned numerous accolades for excellence, innovation, and sustainability:

    • ‘Best Technology Award’ for its Smart E-Gate Pass program (Ideas UK).
    • Platinum and Gold certifications from LEED (Leadership in Energy and Environmental Design) for building operations, maintenance, and developments (e.g., Building 8W and main facilities).
    • ‘Emirates Energy Award’ (Golden Category) from the Dubai Supreme Council of Energy.
    • ‘The Best Smart Initiative Award 2016’ at the Big 5 ceremony.
    • Designated as a qualifying free zone under Cabinet Decision No. (59) of 2017.
    • Featured projects like Dubai Blink and Free Zone Exchange were announced and supported at the World Government Summit 2018 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

    For the most up-to-date details, including business setup inquiries, visit the official DAFZ website at www.dafz.ae or Shuraa Business Setup.

  • SPV Company Setup in ADGM

    The growing popularity of the UAE as a leading commercial hub makes it an ideal location for all types of businesses. From freelancers, startups, and microbusinesses to corporate giants like Google & Microsoft, all benefit from their presence in UAE.  Apart from the traditional business models, the UAE has several holding companies, which allow entrepreneurs to hold their assets while running their businesses. The SPV company set up is one such structure. Special Purpose Vehicle (SPV) is a holding company which allows owners to limit liability and isolate their financial risks. The Abu Dhabi Global Market (ADGM) as well as Ras Al Khaimah International Corporate Centre (RAK ICC) offer this form of legal corporate structure. 

    Read on below to get an in-depth guide to ADGM SPV company formation. Check the key features of SPV company set up where you can conduct your business operations effortlessly. 

    About Abu Dhabi Global Market (ADGM)

    The Abu Dhabi Global Market (ADGM) is the first International Financial Free Zone in the Middle East where the English Common Law applies. The principles of the English Common Law ensure a strict adherence to global business standards. It also includes benefits like ensuring certainty of proceedings along with the backing of English courts.  

    ADGM has three independent governing authorities: 

    • Registration Authority (RA) 
    • Financial Services Regulatory Authority (FSRA) 
    • ADGM Courts

    The presence of these regulatory authorities makes it one of the most reliable and trusted financial centers in that region. Additionally, since its establishment six years ago, ADGM has managed to build a progressive, efficient, and bustling business environment. Today, it boasts an outstanding 2,385 registrations, a workforce of over 22,000 people and manages assets worth over USD 26 billion.

    Why Set up your Special Purpose Vehicle (SPV) in ADGM

    You can establish Special Purpose Vehicles (SPVs) company set up as subsidiaries, special projects or even as a joint venture vehicle. Since SPVs have a separate legal personality, creditors’ claims cannot attach to the SPV’s shareholders’ or any of the sister companies’ assets. 

    The biggest benefit that an ADGM SPV company formation offers to business owners and asset holders is freedom of separation of financial and legal risk. However, that is not all: 

    1. Structured finance system 

    Companies can access a financial instrument wherein they can restructure debt, raise capital, transfer their assets as well as manage risk when setting up a SPV company. These issues are not addressed in conventional financing. 

    2. Securitisation 

    SPV company set up includes combining the companies’ financial assets and debts. This results in issuing a consolidated financial instrument to the investors. 

    3. Holding & Transferring Assets 

    SPV company formation can reduce red tape due to ease of movement of assets from one account to another. Thus, making the entire operational process easier and faster. 

    4. Raising Capital & Financing 

    Special Purpose Vehicles can also be utilised as funding structures. 

    5. Ring-fencing & Risk Sharing 

    Ring-fencing is a term that describes a virtual ‘barrier’ to separate a company’s financial assets from each other. This is a protective strategy that legally allows you to isolate the risks of any project and share these risks with other investors. 

    6. Fractional Ownership Structure 

    When you form your SPV company set up in UAE, you can sell the ownership asset shares to individual shareholders. This allows them to share the benefits while maintaining lower costs at whole ownership. 

    Special Purpose Vehicles (SPVs) company set up are cost effective because they require no minimum share capital, just need minimum one shareholder and one director, without the need of leasing out office space. ADGM SPV setup has zero nationality ownership restrictions, offers UAE Tax Residency plus access to the Double Tax Treaty Network. Setting up a SPV company requires no attestation of documents, allows migration & continuation of existing business entities as well as multiple classes of shares.

    Steps to Setting up SPV in ADGM

    The country of UAE has a simple and efficient business setup process. Consequently, forming a Special Purpose Vehicle company in UAE is also a straightforward incorporation process. However, given the delicate nature of the structure, it is better to get someone with expertise in UAE company formation on board the process. 

    With experts like Shuraa, you can form your Special Purpose Vehicle company is four easy steps and within 2 weeks: 

    1. Go through the Initial Approval by submitting the
    1. The experts at Shuraa will submit the duly filled application through the official portal 
    1. Abu Dhabi Global Market will review the application plus the Abu Dhabi Immigration clearance of Authorise Signatories 
    1. Once the process is completed, the SPV license is issued 

    What is the ADGM SPV Set Up Cost?

    The ADGM SPV company registration process can be split into two costs. In the first year, there is the ADGM fee of USD 1,600 and in the second year of USD 1,200. Additionally, the ADGM Office Address and professional service fee are a combined USD 1,400 per year. Therefore, in the first year, the total ADGM SPV company set up cost is approximately USD 3,000 and USD 2,600 in the second year. 

    Note: Costs are subject to changes in the UAE Laws and Regulations 

    It is time to start your SPV Company

    With companies across the world enlarging their global business operations, it is more important than ever that they keep all their assets secure. An SPV setup in Abu Dhabi is a legally sound structure to keep the parent company’s balance sheet safe from financial risk in case their venture fails.  

    What’s more, the Special Purpose Vehicle can have its own assets, liabilities, and equity, while maintaining its separate balance sheet. SPV company set up can be either in the form of a Limited Liability Company, a Limited Partnership structure or as a trust. Out of these LLC is the most common SPV structure. 

    Shuraa Business Setup caters to all forms of company incorporation needs. With over 26 years of presence in Dubai, Shuraa has all the legal expertise for business incorporation in the UAE. Get end-to-end corporate solutions under one roof: business license, corporate account setup, PRO & visa services, VAT, tax & book-keeping, and more.

    We are just a call away at +971 44081900. Or you can send us a WhatsApp message at +971 507775554, or simply email at info@shuraa.com. 

  • How to Start a Civil Company in Dubai

    How to Start a Civil Company in Dubai

    Dubai has developed over the years into a major international business center known for its favorable business environment, forward-thinking laws, and highly qualified workforce. Additionally, it has permissive immigration and tax regulations that facilitate running a successful corporation. Traveling there to start businesses and invest in ventures is common among entrepreneurs and investors. We’ll go into more detail about civil company in Dubai, how to establish one, and how having a civil business structure can assist you.

    A civil company is a business partnership for professionals like healthcare, legal counsel, engineering, or accountancy, a civil corporation is established. Owners of this type of corporation in Dubai may be of any nationality. However, choose a local service agent (either a UAE or GCC national) for this structure.

    Establishing a Civil Company in Dubai: Requirements and Eligibility

    A civil corporation may be established by someone who is fully qualified and licensed in a specific industry, such as engineering, law, or medicine. These companies receive complete ownership rights without the requirement of a national sponsor. However, in order to form a civil business, fulfil the following requirement.

    • The number of managers that can be appointed by civil companies are limited.
    • Trade names must be consistent and appropriate for the firm’s commercial activity.
    • Local service agents require a service agent agreement.
    • Civil Companies can have Multiple branches. Each branch may engage in a single or multiple of the tasks covered by the principal business’ license.
    • Civil corporations may be sold to any person or business.
    • If it complies with the Department of Economic Development’s (DED) regulations, civil firms can alter their legal framework.

    Benefits of Establishing a Civil Company in UAE

    For investors and business owners, establishing a Dubai Civil Company has several advantages that simplify, improve, and adapt corporate operations. Let’s examine just a handful of the following advantages:

    1. Simple and quick setup

    Business Setup can be simple and sometimes possible to form a civil corporation in Dubai in about 90 minutes.

    2. Multiple applications for visas

    Larger enterprises frequently include civil firms since they let investors apply for a variety of visas.

    3. Low-Cost

    Professional license requests normally cost approximately AED 14,000*, however setting up a new civil corporation doesn’t demand an upfront share investment. These license costs can reduce the cost of starting your firm.

    Note: Costs may vary based on UAE laws & regulations. Additional approvals and certain activities may incur further costs.

    4. Different shareholders

    In Dubai, civil businesses enable business owners to establish a company with two or more shareholders up to a maximum of fifty.

    5. Simple Dependent Sponsoring

    You can sponsor dependents in addition to your employees’ visas, saving you a ton of effort.

    6. Collaboration with Local Service Agents

    Civil companies can own their entire business and employ UAE citizens as local service agents.

    How to Form a Civil Company in Dubai?

    Although it is intended to be simple, forming a civil company can be difficult for expats who are not familiar with business registration in Dubai. Some business owners hire experienced business setup consultants, such as Shuraa Business Setup, to guide them through the procedure.

    Follow these steps to start your civil company in Dubai, UAE:

    Step 1. Select a Business Activity

    Choosing your business activity will be the first stage in creating your civil corporation. You will have access to a large range of professional positions that match your qualifications and experience.

    Step 2. Register a Business Name

    Your company name is significant! Make sure the trade name you choose hasn’t previously been taken and doesn’t contain any obscenities before submitting it to the Department of Economic Development (DED).

    Step 3. Secure Initial Approval

    Additionally, get permission from DED first. You will need to provide numerous key documents, as listed below.

    Step 4. Document Submission

    The following documents are necessary for the civil company formation in Dubai:

    • Detailed initial approval application.
    • Trade Name Certificate.
    • Copies of each partner’s passports, including that of the local service agent.
    • A formal, notarized contract with the UAE citizen who will be working as your local service agent.
    • A partnership agreement outlining the capital, profit-sharing, and ownership specifics between local partners.
    • Address and phone numbers.
    • A lease agreement from the Land Department.

    Step 5. Acquire License

    Finally, you’ll receive your license and be able to start doing business. Once you’ve filed your civil company license Dubai application and paid the required costs!

    Important Considerations for Forming a Civil Company in Dubai

    You should give the following things specific attention if you want to get the most out of your new business:

    • Your trade name needs to reflect the commercial endeavors of your company.
    • Because Dubai permits civil firms to have several branches, you are free to grow or incorporate a branch of an already successful franchise.
    • Additionally, any person may purchase or sell a civil firm or branch.
    • The owner can however change the legal structure of a company.
    • Professionals of any nationality can organize civil enterprises and engage in professional endeavors.

    Comparison Between a Civil Company and an LLC in Dubai

    AspectCivil CompanyLLC (Limited Liability Company)
    Legal StructurePartnership of professionalsSeparate legal entity
    LiabilityUnlimited personal liabilityLimited to capital contribution
    Asset ProtectionPersonal assets at riskPersonal assets protected
    OwnershipProfessionals in same fieldLocal (51%) and foreign (49%) investors allowed
    Minimum CapitalNot requiredTypically AED 300,000 (can be lower in free zones)
    GovernanceSimple structureRequires board/shareholder meetings
    Suitable ForDoctors, consultants, lawyersTrading, manufacturing, general businesses
    RegistrationDepartment of Economic Development (DED)DED or Free Zone Authority
    TaxationPersonal income tax (if applicable)Corporate tax (subject to new UAE CT laws)
    Audit RequirementsFlexibleMandatory financial statements

    How Shuraa can assist in forming Dubai Civil Company?

    Businesses who wish to enhance their operations and accomplish their long-term objectives should use Shuraa. We also provide a variety of specialized services to aid in the expansion and success of enterprises. We can assist you with anything from company creation to obtaining visas for you, your family, and your employees!

    To ensure that your investments maximize their potential, we have a team of knowledgeable and experienced experts committed to guiding you through the ins and outs of doing business in the United Arab Emirates.

    And regardless of whether you’re a lone investor or a member of a larger, more established organization, Shuraa has the knowledge to make running a business approachable and successful. Call us at +971 44081900, WhatsApp us at +971 507775554, or send an email to info@shuraa.com to get in touch with us.

  • How to Get an Industrial License in RAKEZ

    How to Get an Industrial License in RAKEZ

    Ras Al Khaimah Economic Zone (RAKEZ) is a globally renowned industrial hub known for its cost-effective business license packages combined with other incentives. Also known as the Ras Al Khaimah Free Trade Zone (RAK FTZ), this free zone has over 15,000 companies across 50 plus industry sectors.

    A RAKEZ industrial license allows entrepreneurs to establish their manufacturing business in the UAE. Also, to get an industrial license in Ras Al Khaimah, companies will also have to mandatorily lease a warehouse. This particular corporate entity allows access to the large-scale global trade & access to over 17 nations.

    Why do you need an Industrial License in RAKEZ? 

    Industrial production refers to the transformation of goods from through either manual or mechanical processes. Raw materials, natural resources, primary products, go through a manufacturing process to create a final product. Additionally, you can also lease out a warehouse where produced goods can be segregated, packed, stored & shipped.

    The UAE is emerging as the industrial center of the Middle East while promoting a business-friendly environment. The laws and regulations of the country are designed in such a manner that ensure any manufacturing business has all the necessary support they need to thrive. Ras al Khaimah, one of the most scenic emirates, has specially designated zones as well as industrial areas where manufacturers can start their operations with a RAKEZ Industrial License in hand.

    List of activities under RAKEZ Industrial License 

    • Electronic equipment & appliances 
    • Chemical products 
    • Textile & ceramic products 
    • Construction material 
    • Petroleum products 
    • Foodstuff production 
    • Automobile & spare parts 
    • Plastic & polymers 
    • Medicine & healthcare equipment 
    • Packaging material 
    • Metal & metal components 

    How to get an industrial license in RAKEZ 

    When applying for a RAKEZ industrial license, the first thing you need to do is get your documents ready. It is in your best interest to utilise the services of a reliable company formation expert like Shuraa who will submit all the paperwork as well as complete the licensing process on your behalf.

    List of required documents 

    • Detailed business plan 
    • Duly filled application form 
    • Manufacturing plant blueprint 
    • Flow chart of manufacturing process 
    • Detailed list of equipment & machinery 
    • Passport copy & visa/entry stamp 

    Important Regulations 

    • Investors no longer need to show proof of funds or deposit any kind of capital investment to get the RAKEZ industrial license.
    • To start your manufacturing business, it is mandatory to lease a warehouse that suits your specific business needs. You will also need to employ at least 10 workers in your care.  

    RAKEZ Industrial License Cost 

    Given the nature of the business activity, an industrial license setup in RAKEZ can cost around AED 18,000*. This would include aspects like company registration, administrative costs, and immigration charges. However, the cost of leasing a warehouse will be additional and dependent on factors like size, location, power generation etc.  

    Investors may also need to factor in costs for storage of goods, employee visa application cost, as well as accommodation needs. 

    Top industrial zones in Ras al Khaimah  

    Ras Al Khaimah has several designated industrial areas that are fully equipped to boost the operational aspects of a manufacturing business.  

    1. Al Ghail 

    The Al Ghail Industrial Zone is perfect for heavy, large-scale industries. The zone accommodates land plots of over 5,000 square meters for facility development. Al Ghail also has accommodation facilities for on-site staff and labour. You can also opt to form either free zone or non-free zone companies as well as avail visa benefits for employees and investing partners. 

    2. Al Hamra 

    The Al Hamra Industrial Zone suits both heavy and light industries, with warehouse options ranging from 150 sq. meters to 10,000 sq. meters. It shares the same benefits as Al Ghail when it comes to free zone and non-free zone business setup & employee/investor visas. This industrial zone also offers labour accommodation, office space and land for development.  

    3. Al Hulaila 

    The Al Hulaila Industrial Zone is best suited for heavy-duty industrial manufacturing. The most important benefit of this industrial area is its proximity to the region’s largest bulk logistical hub, Saqr Port, which is critical to providing access to leading business centers. Like other RAK industrial zones, Al Hulaila also offers land, warehouses, staff accommodations, and office space.  

    Benefits of a RAKEZ Industrial License 

    Ras Al Khaimah is known for its efficient and affordable business setup process. There are several benefits that come with forming your manufacturing company here. Foremost is that you get exemption from custom duties for import of machinery and equipment. Additionally, companies are also exempt from paying import duty on spare parts, non-materials, semi-manufactured materials & packaging materials.

    Necessary approvals needed for your manufacturing company 

    Once the RAKEZ industrial license is issued, the next step is to get external approvals as well as local federal authorities. These include: 

    • Ras Al Khaimah Environment Protection & Development Authority (RAK EPDA) 
    • RAK Municipality & Department of Civil Defence 
    • Health Safety & Environment (HSE) 
    • Technical Support Service (TSS) 

    It is important to note that HSE & TSS approvals are required to ensure that your warehouse is ISO compliant and will not be conducting illegal or prohibited activities in its premises. This is where experienced entities like Shuraa Business Setup come in. Their expertise in dealing with all types of government and official entities will help you get your application through smoothly and also without any errors.  

    Shuraa makes industry setup easy 

    UAE is the number one destination for any entrepreneur seeking to establish a world-wide business network. The country also offers ease of company formation, investor friendly laws & liberal tax regulations. It is also emerging as a lifestyle hub for investment & innovation. Start your industrial enterprise in the UAE with the help of Shuraa Business Setup.

    Reach out to our corporate advisors who are experts in UAE laws and corporate regulations. Avail numerous benefits such as free UAE residency, Golden Visa & PRO services, bank account assistance, and more. Our global offices in London, & Dubai ensure that you can connect with us at your ease. So, wait no more, we are available at:

  • UAE-India Bilateral Trade & Investment Opportunities

    UAE-India Bilateral Trade & Investment Opportunities

    The United Arab Emirates and India, both world leaders in economy, share a long, strong history of bilateral relations. The two countries have a rich cultural exchange history and share centuries old trade ties. UAE-India bilateral trade has been consistently strengthening through investment and political cooperation.

    For the UAE, India is its third largest trading partner after USA and China. Based on projections, the financial year FY 2023-23 will see trade between India and the UAE cross over USD 88 billion, which greatly surpasses FY 2021-22’s figures of USD 73 billion. In fact, the period between April & August of FY 2022-23 saw a bilateral trade of USD 36.82 billion between UAE & India.

    UAE-India bilateral trade relations: Notable investments 

    The past couple of years has seen investments worth over 10 billion dollars come from the UAE. These include high profile investments in Reliance Jio and Reliance Retail (June 2020) worth USD 2 billion, another USD 2 billion investment in renewable energy in Adani (April 2022), and USD 1 billion in TATA motors in electric vehicles (October 2021). Reliance also invested USD 2 billion in a petrochemicals joint venture in the UAE in December 2021.

    Under the I2U2 summit, UAE & India are in discussions for investments of USD 2 billion from the UAE. The purpose for that would be to develop food corridors in India plus another USD 300 million investment to build a 300-Gigawatt wind and solar (hybrid) power plant.

    In February 2022, the first ever Comprehensive Economic Partnership Agreement (CEPA) between UAE & India came into place. This was a first for India in the past decade, & the agreement came into effect from May 2022.

    A careful observation of the April-August period of FY 2021-22 and FY 2022-23 shows an increase of 38 per cent in bilateral trade. Also, for this period, exports saw a 27 per cent growth & imports surged by 45 per cent as a result of higher crude prices.

    What attracts Indian investors to Dubai? 

    Both UAE as well as India share solid economic relationships. They also have a history of active trade and financial expansion. One of the key areas of cooperation is bringing investment opportunities to Dubai and other parts of the UAE. Indian investors are keen on tapping into the UAE’s markets via trending industries.

    Trade & commerce 

    In the Middle East, Dubai is among the leading cities for trade and commerce. It attracts a fair number of Indians wanting to establish & expand their business base in the MENA region. The emirate is known for its investor friendly laws, as well as its free zones which offer ease of business setup and numerous other incentives. Dubai is home to the International Free Zone Authority (IFZA), an affordable and efficient free zone known for its ease of company registration.

    Real estate investment

    One sector that is highly popular is real estate investment in the UAE. The massive real estate boom over the past years is the direct impact of a growing population that is flush with capital leading to a demand for residential as well as commercial properties. Therefore, Indian investors are now able to generate rental income by purchasing properties in Dubai. UAE on the other hand, introduced long-term residency options for real estate investors as an enticement. 

    Tourism & service industry

    Additionally, the tourism and hotel service industry are quite the backbone of Dubai’s economy. As a business opportunity, they are highly profitable and always in demand. Dubai’s popularity as a global jet-setting lifestyle destination is further augmented by its ultra-luxe, ultra uber tourism offerings. Hotels, restaurants, cafes, lounges, clubs, are top business ideas for investment.

    Technology 

    The emirate of Dubai is ready to bring about a technological revolution. There are continuous breakthroughs in the fields of IT services, Blockchain, Artificial Intelligence, Augmented & Virtual Reality, Robotics, Digitalisation & more. The emerging start-up scene in Dubai will get a further boost through initiatives like the Dubai Future Accelerators program. There is room for Indian investors to directly invest in these start-ups or form their own technology company in the UAE.

    UAE-India Bilateral Trade: Summary 

    India as well as the United Arab Emirates have signed several trade agreements and Memorandum of Understandings (MoUs) with the aim of increasing cooperation in trade, investment & technology.

    The formation of the India-UAE Joint Investment Fund is primarily based on the mission of generating funding for joint ventures. It is backed by the governments of both nations and the board of directors include both Indians and UAE nationals.

    The 2019 India-UAE High Level Task Force on Investments is also a good reflection of the increasing cooperation between the two nations. Representatives of both countries come together to chalk out potential investment opportunities in both markets, and vision out how to support & assist emerging businesses from India & UAE.

    Shuraa makes investing in the UAE easy 

    The UAE has a very strong expatriate population, comprising of around 88.52 per cent of the total population. Out of this, Indian expats hold the highest numbers of roughly 30 per cent, i.e., around 3.5 million. Sectors such as IT services, business, professional services & construction are the most popular choices for investing by Indians.

    Dubai is the top choice for investment from India with Abu Dhabi a solid second. Shuraa Business Setup, UAE’s leading company formation expert, assists investors with end-to-end corporate solutions to make their Dubai journey easier. Shuraa in collaboration with IFZA will soon be hosting India’s first ever interactive event where investors across the country can connect to UAE’s top free zone professionals. The Shuraa x IFZA Co-Lab will have industry experts like Mr. Saeed Khalifa al Fuqaei, Founder & Chairman, Shuraa Group, Mr. Shahid Rather, Managing Partner, Shuraa Group, Mr. Azil Nazeem, Client Engagement Manager, IFZA and several other significant delegates.

    When: 5th March, 2023; 10:00 AM onwards

    Where: Dezire Hall, Le Meridian Hotel, Connaught place

    Reach out to us today:

    Call: +971 44081900

    WhatsApp: +971 507775554

    Email: info@shuraa.com

  • Obtain your JAFZA industrial license

    Obtain your JAFZA industrial license

    Entrepreneurs who intend to establish their manufacturing business can do so with a JAFZA industrial license. Business activities under the Jebel Ali Free Zone Authorities (JAFZA) manufacturing & industrial license include goods production, collection, segregation, packaging, etc. It also includes the buying of raw materials, import/export of manufacturing goods, product assembly & production, sales, and other support services.

    Why do you need a JAFZA Industrial License? 

    The UAE, and by default Dubai, benefits from its centralised location that allows for easy access to over 17 nations. As a result, many establishments look to getting a manufacturing & industrial license. This license is needed: 

    • If the business activity requires creation, production, & manufacturing of physical goods or products
    • For the import/export of raw materials necessary for the manufacturing process 
    • To make new products from raw materials that exist previously, or formed through combining 2 or more products

    To get an industrial license in Jebel Ali Free Zone, a warehouse is of utmost importance. Businesses need to lease a production facility and also a warehouse in JAFZA to get their industrial license. Additionally, the industrial company must also fall HSE compliance requirements as well as regular audits.

    About Jebel Ali Free Zone authority (JAFZA) 

    JAFZA is the biggest free zone in the UAE and one of the largest in the world. Since its formation in 1985, it is home to some of the largest global corporations & industries in the UAE. Jebel Ali Free Zone contributes over 20% of Dubai’s foreign investment. In fact, more than 50% of the total exports from Dubai generate from JAFZA. Therefore, it holds undisputed importance as a commercial trade hub with a valuation of USD 69 billion in trade alone.

    Jebel Ali Port, where JAFZA is located, happens to be the largest harbour in the world. It has an annual accommodation capacity of over 15 million containers through 170 shipping routes. JAFZA warehouses can also take advantage of its strategic location and access to major global markets for broader reach. The Dubai International Airport and Al Maktoum Cargo Airport are also within close distance, allowing for ease of air trade process.

    Benefits of a JAFZA Industrial License 

    There are several advantages of a Jebel Ali Free Zone Warehouse and Manufacturing License that can boost the business operations of any enterprise. Some of them are:  

    • No currency restrictions 
    • Onsite customs 
    • 0% personal income tax 
    • Office space/warehouse available 
    • Industry beneficial regulations 
    • Ease of company formation 
    • 100% ownership of business 
    • No capital repatriation restrictions 
    • Among top 10 free zones in the world 
    • Business friendly environment

    Jebel Ali Free Zone industrial license cost 

    The cost of an industrial license in JAFZA for a single manufacturing facility starts at AED 5,500 per year. Under this, you can select 7 activities under a single group. There is a cost of AED 500 for each additional activity beyond the group.  

    There is also a choice to opt for two groups consisting of a maximum of 6 activities each. The cost for the license will then come to AED 9,000 per year. Under this license type, you can select a total of 12 activities, but you cannot exceed two groups. Similarly, there is a cost of AED 500 for each additional activity above 6 per group. 

    Note: The total license cost is dependent on several factors, including but not limited to changes in UAE’s laws and regulations. 

    Steps to get an industrial license in JAFZA 

    1. The first step is to contact reliable company formation consultants like Shuraa Business Setup who can go over the tedious processes and save your time. They will fill the license application form, the HSE undertaking, and submit all the necessary documents on your behalf. 
    1. Select the corporate structure you want to form your company under. JAFZA offers the following company types:
      • Free Zone company (FZCO) – For 2 or more shareholders
      • Free Zone Establishment (FZE) – One shareholder 
    1. Branch of a company
      • Note that offshore company formation is not applicable for a JAFZA industrial license.
    2. Then you need to select the license type, which in this case will be – industrial license.
    3. You will also need a lease agreement, either for the production facility (for selected facilities) or for an industrial facility built for that specific need. 

     

    Given the nature of the business activity, it is a strong recommendation to take up the services of company formation consultants who can assist you with the entire process with efficiency and know-how of the country’s regulations.  

    Industrial license in Dubai – Important regulations 

    Any entrepreneur or corporate entity that are looking to set up an industry in JAFZA need to keep certain prerequisites in mind:  

    Warehouse & Office Space 

    It is mandatory to lease out office space and a warehouse for your JAFZA industrial license. A public warehouse license in Dubai can cost an amount of around AED 150,000*. Additionally, you will also need to show proof of funds to get the warehouse license. 

    Capital Investment 

    A JAFZA industrial license requires a minimum share capital to be mentioned on MOA. However, it is important to note that it is not paid-up capital. 

    Get your Dubai industrial company started 

    The UAE is ready to emerge as a global industrial leader and act as a catalyst for augmented trade. Dubai, as its most famous city is home to untold business opportunities. If you are looking to expand in areas of manufacturing or warehouse setup, Shuraa is the solution.

    An industry leader, Shuraa Business Setup offers end to end guidance to all your company formation needs. Our wide range of services include business licensing and registration, Golden Visa processing, PRO, VAT & tax consulting, and more. Call us at +971 44081900, send us a WhatsApp message at +971 507775554, or send us an email at info@shuraa.com