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6 Benefits of Setting Up A Cloud Kitchen in Dubai

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6 Benefits of Setting Up A Cloud Kitchen in Dubai Currently, cloud kitchen or virtual kitchen has a popular demand in the UAE as food delivery is expected to have annual growth rate of 6% in the next 5 years. If you are wondering what is a cloud kitchen, here is the answer. For restaurant entrepreneurs, the cost of investment for setting up a full-fledged luxurious restaurant is quite high. However, in a cloud kitchen, they can get shared kitchen spaces with ultra-modern facilities at a minimal cost. Listed below are a few benefits of setting up a cloud kitchen in Dubai:   Save infrastructure and operational costs The infrastructure cost for a brick-and-mortar restaurant in Dubai is quite high considering the rental costs in a prime location with high footfall. In cloud kitchen, one can avail shared kitchen spaces along with the option for modifying the kitchen unit as per requirements. Quite often FOH (front of house) labor cost takes up to 50% of the average restaurant’s monthly revenue. This can also be saved through cloud kitchens.   Expansion Opportunities Once your brand is accepted by a wider audience, you can open multiple branches and expand it at a minimal risk.   Cuts down advertising costs As cloud kitchen has an online business model, you will receive orders mostly from third-party food delivery apps. So, all you need is to put in some efforts for creating an attractive menu and exciting offers. Social media marketing will also prove beneficial for marketing your brand.   Higher profit margin Cloud kitchens can leverage their profit margins for providing a better competitive pricing. They can price their menus more reasonably unlike traditional restaurants for building a loyal customer base.   Chances for experimentation Cloud kitchen business model allows restaurants to experiment with multiple concepts without a high expansion budget. One can operate brands by making use of the same kitchen infrastructure and marketing platform.   Minimal Closing costs Even if things do not work out properly as you have planned, business closure will also do not cost you much as expected. For traditional restaurants, closing the venture will lead to a major expense due to the massive investment involved.   If you are planning to set up a cloud kitchen in Dubai and is not sure about which location you should choose or have any query regarding the licenses required, Corpin Consultants can provide end-to-end assistance. Contact us at +971 55 843 2911 or info@corpinconsultants.com to know more.

Business

Best Destinations for New Businesses in Dubai

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Best Destinations for New Businesses in Dubai Dubai is one of the most inviting and technologically advanced global hubs for aspiring entrepreneurs and investors. When it comes to incorporating a business, Dubai offers a wide range of options with special business districts and free zones catering to the unique needs of every business. We have compiled a list of some of the best destinations for new businesses in Dubai which are given below:   Jebel Ali Free Zone Authority – JAFZA is Dubai’s first free zone set up in 1985. It is home to 7,500 companies employing 135,000 people. This free zone is connected to Jebel Ali Port – the largest marine terminal in the Middle East.   Dubai Airports Free Zone – DAFZA offers direct access to the world’s busiest international airport, and world-class warehouse facilities. This free zone has a wide range of well-designed office spaces and industrial units, coworking spaces, serviced offices, packages, and executive suites for accommodating ventures sizing from start-ups to large corporations.   Dubai Industrial City – DIC is one of the largest industrial and manufacturing hubs, providing world class infrastructure. It is home to around 250 factories and over 700 business partners.   Dubai International Financial Centre – DIFC is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA).   Dubai Internet City – DIC offers a knowledge economy ecosystem designed to support the business development of information and communications technology (ICT) companies. It is the Middle East’s largest ICT infrastructure, built inside a free trade zone.   Dubai Media City – DMC provides superior infrastructure for media-related businesses to operate globally out of Dubai where media businesses can operate jointly, including media and marketing services, printing and publishing, music, film, new media, leisure and entertainment, broadcasting and information agencies.   Dubai Healthcare City – DHCC houses all core healthcare businesses right from hospitality to consultancies and retail outlets. DHCC has its own regulatory body, and permits end-to-end business set-up.   Corpin Consultants can offer you comprehensive assistance in setting up your business in any of these destinations. Contact us at +971 55 843 2911 or info@corpinconsultants.com for a free consultation.

Business, Business Consultancy, News

Promising Business Ideas in Dubai for 2021

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Promising Business Ideas in Dubai for 2021 COVID-19 has undoubtedly impacted economies all over the world. Though this unprecedented pandemic has brought along many challenges, still it has unveiled several business opportunities for aspiring entrepreneurs. With UAE considered to be the fastest recovering economy in the world, there is no better place to start your business in 2021. Here are a few promising business ideas in Dubai for you: Cleaning Services Post COVID-19, cleaning services have a growing demand at workplaces, restaurants, and public places. This rising need for commercial-grade cleaning is unlikely to subside any time soon as people are paying more attention to disinfect surfaces and avoiding the potential for viruses to spread. App development  The UAE residents have shifted their focus to apps for everything right from the food and grocery delivery, to e-learning, health and fitness, remote working, and even mental health support. As a result, low code app development is gaining significant traction and has become one of the most profitable business ideas in 2021. Online Teaching Now with students becoming accustomed to virtual learning, there is a growing demand for online tutoring and teaching. All you require is a laptop, stable internet connection, and proven qualifications in the chosen field. Online Consultancy Just like how the education sector has switched from real classrooms to virtual classrooms, business world too has witnessed a transformation. Now business knowledge is being shared online and it is the perfect opportunity for consultants to capitalize their business. They can easily offer services and consultations in the virtual atmosphere with the right license and expertise. Rent A Car Dubai is a city visited by thousands of visitors everyday and they need a car for moving from one place to the other. Rent A Car is a lucrative business idea for aspiring entrepreneurs. You can offer customized packages based on the requirements of clients. Are you planning to set up your business in Dubai? Corpin Consultants can help you form your company from scratch. We provide product and trademark registration services in UAE to make the process easier. Contact us today at +971 55 843 2911 or info@corpinconsultants.com for a FREE consultation.

Business Consultancy

Steps to Open A Franchise Business in Dubai

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Steps to Open A Franchise Business in Dubai When a product or service becomes an extremely popular brand, investors who prefer to repeat the established concept get the franchise rights from a business owner for doing it under the same brand name and logo. This business model is referred to as franchising. Over the past few years, franchise business is increasingly becoming popular in Dubai with many domestic and international brands accepting this business model. In this article, we will discuss the steps for starting a franchise in Dubai. List down your interests and categorize the business you wish to enter. Check the existing franchise opportunities from local ads or inquire from your contacts. Make a list of franchisers based on various factors such as brand image, customer preferences, and quality of service. Contact them through phone or emails. According to UAE law, one needs to be a UAE citizen and require a local sponsor to start a franchise in Mainland. However, this law is not applicable if you are planning free zone company formation, but you require huge capital and good contacts for the same. Therefore, having a local sponsor is always beneficial. Sign an agreement with a prospective franchiser that suits your requirements. It is advised to consult a lawyer before submitting the contract to crosscheck all conditions properly. Prepare a business plan that includes all business summary such as competitor analysis, market survey, core competencies, financial plans, funding plans, etc. Register the franchise agreement in a UAE court and acquire the trade license for the business. Select the right location based on your target customers and regulations. Open your franchise business and do advertising parallel along with the help of the franchiser.  If you are planning to start a franchise business and need more information on this business model, Corpin Consultants would be happy to assist you in the entire process. Contact us at +971 55 843 2911 or info@corpinconsultants.com to speak to our experts.

Business Consultancy

Few Guidelines for Setting Up A Pharmacy Business in Dubai

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Few Guidelines for Setting Up A Pharmacy Business in Dubai According to research reports, the healthcare sector is expected to reach 101.94 billion AED in 2025. By this, we can imagine how it will give a significant boost to the pharmacy sector as well. If you are planning to set up a pharmacy business in Dubai, this is the right time. We have compiled a list of guidelines for the same, let’s have a look. Identifying the location and determining the competition in the market. Preparing a plan with the layout and structure of the pharmacy Identifying a local sponsor Giving a name to the drugstore and submitting the name approval application Getting initial approval from Department of Economic Development (DED) Submitting the application to Dubai Health Authority (DHA) Initial Approval from Dubai Health Authority (DHA) Generating a username and password to start the initial approval process Uploading the proposal letter to the online website Appointing a medical director and pharmacist Uploading the engineering layout Final Approval Preparing the tenancy contract along with Ejari for obtaining the premises Making the memorandum of Association and side agreement with the local sponsor Notarizing the memorandum of Association from court Submitting essential documents to DED and getting the pharmacy license After obtaining pharmacy license from DED, the following documents are required to be submitted for final DHA approval. Getting Final Approval from Dubai Health Authority (DHA) Interior fit-out construction according to the layout permitted by DHA in the initial approval Professional approval for the medical director Final fit out inspection from DHA Documents Required For Department of Economic Development Passport copies and Unique Identification Number (UID) of the owners Application form for the trade name and initial approval Initial Approval from Dubai Health Authority (DHA) Passport copy and Unique Identification Number (UID) number of the Manager Qualification and experience certificate of Manager NOC from sponsor, if the manager is holding valid visa in the UAE Passport copy and attested qualification certificate of pharmacist and medical director Tenancy contract Passport copy, Emirates ID and Gincia of Local sponsor For Dubai Health Authority Initial Approval DED trade name reservation Dubai municipality affection plan of the plot/building Passport copies & UID number of partners Engineering layout as per DHA guidelines Proposal and Undertaking letter Passport copy and Qualification certificate of the medical director and pharmacist Offer letter for the Medical Director and Pharmacist Final Approval Interior fit-out construction according to the layout permitted by DHA in the initial approval Professional approval for the medical director Final inspection report and approval from DHA If you are interested in entering into the Pharmacy industry in Dubai, it is better to seek guidance from a business consulting specialist first. We at Corpin Consultants have prior experience in guiding several pharmaceutical companies in setting up their business in Dubai. For more details contact +971 55 843 2911 or info@corpinconsultants.com.

Business Consultancy

All You Need to Know About e-Trader Licence in Dubai

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All You Need to Know About e-Trader Licence in Dubai Ever thought of starting a small business from home on social media? Are you wondering if it is legal to sell online in the UAE? Dubai is one of the leading e-commerce hubs that have come up with several schemes and initiatives for fostering these economic activities. One such initiative is the e-Trader licence. What is e-Trader licence? The e-trader licence in Dubai was introduced by the Department of Economic Development (DED) for helping home entrepreneurs who are doing business activities over social media. It allows individuals and singly-owned businesses to sell their services and products on social media. e-Trader licence also strengthens the confidence of customers who shop online and safeguard them against purchasing any fake items on social media platforms. Is it mandatory to have an e-Trader licence in Dubai? If you are an individual who promotes or sells products and services through your social media accounts or a personal website, then you require an e-trader licence in Dubai. Home entrepreneurs who don’t have or require a physical office space are eligible to apply for an e-trader licence in Dubai. It is ideal for single-owner home-based businesses that don’t require a local partner and freelancers. An individual who applies for an e-Trader licence should be a resident of Dubai, have a valid Emirates ID and is over the age of 21 years. Advantages of having an e-trader licence in Dubai With this licence, individuals can legally promote and sell their products and services through their social media platforms or personal website. They can also feature their products and services on renowned e-commerce platforms such as Souq.com. Home business owners can also legally participate and reach out to customers at exhibitions and conferences. It will also protect their trade name and intellectual property. The DED also organizes training and workshops for e-trader licence-owners. Other conditions applicable Individuals with this licence in Dubai cannot open a physical shop or issue visas. If you wish to sell your products and services in some other Emirate other than Dubai, it is mandatory to obtain approval and a separate licence from the respective Department of Economic Development for that emirate. Non-GCC expats can sell professional services such as maintenance, repair, event management and photography services through their social media, but not physical products. You can find out more about nationalities eligible for the licence and what you can sell through social media while registering for the licence. If you are planning to obtain an e-Trader license, Corpin Consultants can ensure a hassle-free process with error-free documentation. Feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com.

company setup in UAE, corpin business setup consultants
Business Consultancy

How To Find The Ideal Free Zone For Your Company Setup In UAE?

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How to Find the Ideal Free Zone for Your Company Setup in UAE?  Establishing a business in a free zone is an ideal option for foreign investors to have full control over their business and receive considerable tax exemptions. However, there are around 50 free zones in UAE and selecting one is a cumbersome task. Through this article, we would like to clear things for you so you can choose the best one for your business. Determine the type of business activity for your business Every free zone has its own set of specific activities that are allowed to be performed within the jurisdiction. The more activities you choose, the more your license will cost. One way to avoid this is by choosing several activities within one activity group and from the same license type, so you don’t have to pay any additional fees. Select the facility type your business may require A business will have many facility requirements depending upon its business activities. If your business requires meeting with clients regularly or you are planning to hire employees, it is better to opt for an office. Take into consideration the availability of these facilities as some free zones don’t offer them. Also, make note that a company registered within the free zone is only allowed to have a facility within the UAE Free Zone where it is registered. Select a free zone depending on the amount of capital you wish to invest For registering a company in the UAE, you are supposed to deposit a share capital amount which varies in each free zone. Free zone Company registration cost is another key aspect to consider. Check the licensing requirements Every free zone in the UAE has its own type of business licenses. There are three license types available in free zones such as trading license, professional license and service license. Some free zones also offer additional licenses based on the activities of the company. Check the exact requirements before selecting a free zone. Check the reputation of free zones with local banks It is better to seek the guidance of a business setup expert who can assist you in opening a corporate account in an established bank in the UAE. Every free zone has different procedures, requirements and licensing costs. Considering the complexities involved, it would be wise to seek the advice of company formation experts for a smooth process. We at Corpin Consultants have a successful track record of handling the company formation process in free zones. Contact us today to know more.[/vc_column_text][/vc_column][/vc_row]

News

UAE-Israel Accord Could Bring a New Dimension to Dubai Diamond Trade

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UAE-Israel Accord Could Bring a New Dimension to Dubai Diamond Trade Right after the UAE and Israel normalized ties, traders in Dubai say that they are continuously receiving enquiries from Israelis, who usually trade in Belgium’s Antwerp – the world’s biggest trading center of rough and polished diamonds. Israeli diamond trader Zvi Shimshi flew to the UAE for opening a company in Dubai, a pivotal trading hub for the precious stones. He is among 38 Israelis whom the Dubai Multi Commodities Centre (DMCC), home to the Dubai Diamond Exchange, said have recently contacted for a business setup welcoming this new change in global trade dynamics. On August 29, 2020, the president of the United Arab Emirates (UAE), Sheikh Khalifa bin Zayed Al Nahyan, issued Federal Decree-Law No. 4 of 2020, abolishing Federal Law No. 15 of 1972 on the Boycott of the State of Israel. The purpose of this abolition is to expand diplomatic and commercial cooperation between the two countries. As a result, Emirati citizens and corporations can now freely enter into commercial, financial, and trade agreements with Israeli corporation. It will also allow direct flights between the two countries. Dubai, with $21.2 billion in diamonds traded last year according to the DMCC, and Israel, with around $12 billion according to its exchange, are the Middle East’s main diamond centers. This initiative will be a game changing opportunity for any Israeli who wish to start a diamond business in Dubai. DMCC figures indicate that Dubai imported $4.2 billion of polished diamonds in 2018, down from $7.3 billion in 2012 – and exported $3.96 billion in 2018 compared to $5.35 billion in 2012. “Dubai has an opportunity to develop as a global diamond trading network for polished, and open up channels to the rest of the Arab world for diamonds and jewellery,” said Martin Rapaport, the chairman of Rapaport Group. For Israel, in which there is a substantial market for polished stones, Dubai offers closer links to India and connects it to the Arab world, where most countries still do not have formal ties with the Jewish state. “We see Dubai as a golden gate,” Israel Diamond Exchange president Yoram Dvash told Reuters. Ezra Boaron, who owns Israeli manufacturing factory Rising Star Diamonds, agreed: “The entire Arab world passes through Dubai. It’s a giant market.” If you are planning to set up your diamond business in DMCC, Corpin Consultants can assist you in every step of the incorporation process, so you can focus better on your business. Contact us to know more.

Business Consultancy

All You Need To Know About Manufacturing Company Formation In RAKEZ

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All You Need To Know About Manufacturing Company Formation In RAKEZ Ras Al Khaimah Economic Zone (RAKEZ) is one of the reputed business and industrial hubs in the United Arab Emirates. Established by the government of Ras Al Khaimah, it provides customizable solutions to free zone and non-free zone businesses including world class facilities, wide-ranging licenses, and visa facilitation services. RAKEZ’s main agenda is to make business formation in UAE easy and in full compliance with the rules and regulations of the country. It is home to over 14,000 companies, spanning 100 countries and 50 industries. Steps for forming an Industrial/Manufacturing company in RAKEZ A: Identifying the business activity The first step in the RAKEZ Industrial/Manufacturing company setup process is to identify your business activity. A detailed list of permitted activities can be found on the RAKEZ website. B: Preparing and submitting detailed business plan Here is a business plan template for a manufacturing company Executive summary It should describe the business in general, the problem that it solves, the target market, and financial highlights. Products to be manufactured/fabricated/assembled Details of final products that would be produced as a result of the process. Machinery Details Raw Material Details Electricity Requirement of Machinery Process flow of Manufacturing/Fabrication/Assembling Total Space Requirement Total Electricity Requirement Total Manpower Requirement Total Water Requirement Waste Management and Pollution Control Details Basic Floor Plan detailing raw material storage, production area, final product storage, dispatch, and office area/administration area. Any special requirement such as installing a furnace, chimney, etc. Any special requirement for the warehouse premises. Details of any goods that will be stored out of the warehouse premises. For Technical/Production Engineering/Assembly/Fabrication, details of the personnel with qualifications need to be submitted. C: Name and initial approval Choose your company name. Also, check if it is available for registration. Here’s a list of documents required for completing the application process: A duly filled application form A copy of your passport Process flow chart Machinery details  D: Obtaining Special approval from external departments Certain activities may be subject to approval from external authorities such as Environmental Protection Department Authority (EPDA) and Civil Defence. EPDA approval includes UAE pass registration for the shareholder/manager of the company, submitting the online application, warehouse inspection by authority, appointing EPDA approved consultant to do a detailed study based on the activity, warehouse location and materials used for manufacturing, submitting the study report to EPDA, making payment and obtaining final approval. Civil Defence approval includes submitting the warehouse plan to concerned authority, warehouse inspection, and  final approval. E: Preparing & signing lease agreement and Memorandum & Articles of Association Lease Agreement: Lease Agreement is an agreement between the authority and a licensee for a lease of a premises. Memorandum & Article of Association: These will explain how the company will be run, governed, and owned by the members. Every company should have a memorandum & Article of association in place in a standard format containing the following information: Company name Date of incorporation Type of company Act under which the company is registered Names and signatures of all shareholders Capital of the company etc. Directors’ powers, responsibilities, decision making, appointment and removal, indemnity and insurance Shares, distribution of shares and Dividends Capitalization of profits Shareholders General meetings Voting Rights F: Final Licensing from RAKEZ After submitting the documents and making the payment, RAKEZ will issue your license. You will receive an official welcome email and it will contain the electronic copy of your license along with other company formation-related documents. G: Obtaining Customs Code for import and export Companies deciding to import or export goods in/from RAKEZ are required to register within RAKEZ Customs Department and acquire a code for clearance of goods. Speak to our manufacturing company setup experts today to know about all cost-effective company formation packages in RAKEZ.

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