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Business Setup

All About Setting Up A Manufacturing Company in Dubai

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All About Setting Up A Manufacturing Company in Dubai Though a significant portion of the UAE’s GDP comes from the oil sector, still that dependency level is slowly declining with the rapidly growing manufacturing sector. Right now the GDP contribution of the manufacturing sector is 14 percent which is expected to increase up to 25% in the next 15 years.  As a result, more investments will be made in this sector, especially in the non-oil areas. The UAE government has already taken several noteworthy initiatives to boost the growth of manufacturing company in Dubai. Manufacturing business setup in Dubai offers numerous advantages, making it an attractive destination for entrepreneurs and investors worldwide. Here’s a glimpse into the process of forming a manufacturing company in this bustling emirate: Legal Structure: The first step involves choosing a legal structure for your manufacturing company. Options include free zone companies, mainland companies, and offshore companies, each with its own set of regulations and benefits. Business Plan: Craft a comprehensive business plan outlining your manufacturing activities, target market, financial projections, and operational strategies. This plan is essential for obtaining approvals and funding. Company Name: Choose a unique name for your company and ensure it complies with the naming conventions set by the Dubai Department of Economic Development (DED). Registration: Register your company with the DED, a free zone authority, or a relevant government agency depending on your chosen location and business structure. License: Obtain the necessary licenses and permits, which may vary depending on the nature of your manufacturing operations. Location: Select a suitable location for your manufacturing facility, taking into account factors such as proximity to ports, suppliers, and transportation networks. Hiring: Recruit skilled labor, technicians, and other staff members required for your manufacturing processes. Infrastructure: Invest in state-of-the-art infrastructure and technology to support your manufacturing operations efficiently. Compliance: Ensure compliance with local regulations, including labor laws, environmental standards, and health and safety requirements. Market Entry: Develop a marketing and distribution strategy to enter the local and international markets effectively. Financials: Establish banking relationships, secure funding if needed, and manage your finances meticulously. Expansion: As your manufacturing company grows, consider opportunities for expansion, diversification, or entering into partnerships to maximize your business potential. Dubai’s strategic location, modern infrastructure, and business-friendly policies make it a prime destination for manufacturing companies looking to tap into the Middle East and global markets. With careful planning and adherence to local regulations, establishing a manufacturing company in Dubai can be a rewarding endeavor. What makes Dubai the perfect destination for setting up a manufacturing company? According to Dubai Industrial Strategy 2030, Dubai’s industrial growth is expected to cross $16.1 billion by 2030. The government has identified 75 strategic initiatives for transforming this Emirate into an international hub for knowledge-oriented, innovative and sustainable industrial activities. The strategic geographical location, diverse consumer base, talent hub, excellent infrastructure, easy business registration process, and political and economic stability are some factors that make Dubai the perfect destination for setting up a manufacturing company. Steps For Setting Up A Manufacturing Company in Dubai Mainland Select an appropriate activity regarding manufacturing products. After selecting the activity, find a reliable sponsor Submit all essential documents to the Department of Economic Development for obtaining name approval and initial approval. Sign the Memorandum of Association with the notary public along with the local sponsor. Manufacturing company setup in the UAE requires a warehouse or land. Obtain the tenancy contract and Ejari from the landlord of the warehouse. Get an approval from the Municipality of Dubai for obtaining the industrial license. After getting all essential approvals, submit the documents to the Environment Department for industrial approval. Get NOC from the civil defence. Obtain external approvals from the department. These are for selected manufacturing units such as approval from food control for manufacturing food products, narcotics department for chemical production, or Police approval for manufacturing jewellery. After obtaining all approvals, submit all the papers to the Economic Department to get the industrial license. Make a payment, and your industrial permit will be issued. Whether it is obtaining the essential approvals, preparing necessary documents, bank account assistance, Corpin Consultants offer all services related to setting up manufacturing companies in Dubai. Contact us at +971 55 843 2911 or ek@corpinconsultants.com for a free consultation.

business setup in UAE, e-commerce business setup UAE, Corpin Consultant
Business Setup

7 Steps to Consider Before Starting An E-Commerce Business Setup In UAE

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7 Steps to Consider Before Starting an E-Commerce Business Setup in UAE Online shopping has now become an inevitable part of our lives. Long back, it was considered as a matter of convenience and luxury, but now it has turned out to be a necessity with the recent COVID-19 situation that shook the entire world. According to the joint study published by Dubai Economy and VISA entitled, ‘UAE e-commerce Landscape, the average annual growth of the e-commerce market in the UAE is expected to rise by 23 percent between 2018 to 2022. With this rapidly emerging online retail trend, many entrepreneurs are planning to establish their e-commerce business in the UAE. If you are one among them, here are 7 steps worth considering: 1. Choose the right jurisdiction for obtaining license Business owners can select their preferred legal entities, free zone or mainland depending on a business type and area of interest. A mainland license offers you the freedom to trade or sell your products and services directly to the local market whereas a free zone license requires you to work with a local distributor. A free zone license has several advantages such as 0% income tax, 100% repatriation of business profits, 0% corporate tax, 100% complete business ownership and negligible custom duties. 2. Select a trade name The second step is to select a unique business name which no one else is using. In order to reserve a trade name, you need to obtain the name approval certificate from the DED (Department of Economic Development). Necessary documents required Passport/visa copies of shareholders Copy of sponsors passport/ Emirates ID Local service agreement/ MOA (Memorandum of Association) NOC from the relevant authority 3. Obtain the license Obtain the essential license from DED (Department of Economic Development). 4. Develop and launch your website A website is the most important part of your e-commerce business, it is the platform for showcasing your products and interacting with customers. Make sure that your website has secure hosting and a user-friendly interface. 5. Payment Gateway Integration It is essential to offer different payment options for customers and when you shortlist these options, always keep two things in mind: stability of the payment gateway and transaction success rate. 6. Safe logistics, storage, and delivery It is necessary to have a secure warehouse to store your physical goods. After securing a warehouse, you need to establish a reliable logistics system to ensure a safe delivery of products to customers. You can either opt for a third-party logistics or build your own. 7. Marketing Soon after your business is all set to be launched into the market, the next step is to come up with a marketing strategy for reaching your target customers. This marketing strategy should also align with the interests and needs of consumers. Starting an e-commerce business setup in UAE requires careful planning, but with the right approach and understanding of the local market, you can set yourself up for success in this rapidly growing sector. It’s recommended to seek professional advice and guidance from business consultants or legal experts to navigate the complexities of setting up an e-commerce business in the UAE. Corpin Consultants have helped several entrepreneurs and companies to set up their e-commerce business in the UAE. We can assist you in selecting the right jurisdiction, easily open bank accounts and ensure a hassle-free licensing procedure. Contact us to book a free consultation with our experts.

Business Consultancy

Know More About Dual License Office Permit- Application, Renewal, and Termination Process

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Know More About Dual License Office Permit- Application, Renewal, and Termination Process A new dual license office permit may allow DMCC member companies with a DED branch/subsidiary / a company to operate from their JLT offices. This permit is valid for one year and help business owners to save the cost of leasing another office for the DED license. How to apply for a new Dual License Office Permit? Visit the DMCC portal and fill the application form to ‘Apply for ‘New Dual License Office Permit’ Upload the necessary documents and make the payment. Once approved by the DMCCA, Step will return to the company submitted the SR to upload the ‘Sub- lease contract’ Documents Required Ejari Certificate Title Deed Sub-lease contract Certificate of Incumbency for branches, subsidiaries, and joint ventures Request Letter Undertaking letter NOC from the landlord DED license How to Renew Dual Office License Permit? Fill the application form available in the DMCC portal entitled ‘Apply for renew dual office license permit’ after putting the existing permit number that needs to be renewed. Upload the necessary documents and make the payment. Documents Required Ejari Certificate Certificate Of Incumbency for branches, subsidiaries, and joint ventures NOC from the landlord Sub-lease contract DED License How to Terminate Dual License Office Permit? Fill the application form entitled’ Apply for Terminate Dual License Office Permit from the DMCC portal after putting the existing permit number. Upload the essential documents and submit the SR. Document Required An Official Request Letter on DMCC company letterhead signed by the authorized signatory mentioning the reason for termination. This is the perfect time to set up your business in the UAE’s most wanted free zone ’DMCC’. Corpin Consultants offer flat 50% discount on company formation. Also, enjoy a safe and hassle-free online setup process. So what are you waiting for? Talk to our experts today! Call us at +971 55 843 2911 or email at ek@corpinconsultants.com

News

The UAE Cabinet Clears 100% Ownership Restriction in Mainland for Positive List of Sectors

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The UAE Cabinet Clears 100% Ownership Restriction in Mainland for Positive List of Sectors Under the Foreign Direct Investment (FDI) Law, the UAE cabinet has released the full list of 122 categories for 100 percent ownership in the mainland. Cabinet Resolution No. (16) of 2020 mentioned the ‘Positive List’ of sectors and economic activities in which foreign direct investment is permissible and the percentage of ownership is 100 percent. This list covers key sectors – agriculture; manufacturing; transport and storage; hospitality and food services; information and communications; science and technology; healthcare; education; art and entertainment; and construction. It also includes numerous promising activities such as manufacturing of toys, sports goods, electrical equipment, consultancy services, advertising, photographic activities, construction of buildings, translation services, primary, secondary and higher education, hotel and restaurant management, hospitals, and music bands, etc. Cabinet Resolution No. (16) of 2020 also sets a condition for companies to invest in the latest technologies, contribute to research and development, and meeting the requirements of the UAE licensing entities. This latest initiative by Cabinet, the manufacturing sector will benefit a lot. This measure is implemented to have a positive impact on the creation of jobs and reducing the import of goods by producing it locally. The minimum investment has been set at Dh2 million for manufacturing; Dh3 million for manufacturing of sports and toy industries; Dh20 million for manufacturing activities of automobiles, metal ad medical equipment; and Dh100 million for healthcare. If you are planning for a company formation in Dubai mainland, feel free to contact us at +971 55 843 2911 or ek@corpinconsultants.com. Our team of experts can offer accurate guidance for all your queries related to registration, licensing, business setup, and more.

Business Consultancy

7 Positive Changes Brought by COVID-19

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7 Positive Changes Brought by COVID-19 The entire world is now grieving for a common cause, COVID-19, one of the deadliest pandemics in history. Day after day, our anxiety levels are going up when the sad news of rising death toll and unprecedented stay-at-home orders floods in. However, there are still many silver linings beyond this frightening global pandemic, which are worth considering. Here are 7 positive changes that COVID-19 has brought in: 1. Developing A Hand Hygiene Habit For years, health officials were emphasizing the effectiveness of hand washing in keeping diseases at bay. However, many people neglected it, but now with the rising awareness of novel coronavirus, all are frequently washing their hands. Several studies report that a new behavior can automatically turn into a habit within a timeframe. 2. Spending Quality Time with Family The lockdown in the wake of coronavirus has turned to be a blessing in disguise for many. This much-needed slowdown has given many a chance to reset their lives. Though many are working from home, they are able to spend quality time with family, which was not that possible before due to busy work schedules. Family members are actively participating in household chores leading to equality and greater bonding. 3. Given Us a Chance to Revisit Old Hobbies and Declutter Homes This self-isolation period has given many people plenty of time to revisit their long-lost hobbies or start new ones. People across the globe got an opportunity to perform their long-time pending task, decluttering unwanted stuff from home. 4. Made us Realize the Value of Healthcare Workers and Investing In Healthcare COVID-19 has taught us the value of healthcare workers, they are the real life heroes who work at the front lines of this pandemic day and night. This global pandemic crisis has also taught every nation the importance in investing in healthcare system and staying prepared for any future emergencies. 5. Encouraging Work from Home Culture Before there was a notion that ‘real work’ only occurs within the four walls of an office, but now this trend has changed. Of course, not every job can be done at home, but working from home allow companies to save costs on office space, equipment, and electricity. Working from home also provides great relief from commuting challenges and improve the mental wellbeing of employees. 6. Taught Us An Important Lesson- Coexistence The coronavirus has taught humans an important lesson, coexistence. Since humans began retreating from the public spaces in the fear of coronavirus, nature has begun reclaiming its space. For example, dolphins have returned to the Italian coast, thanks to the missing cruise ships! The water in Venice canals are clearer than ever and visited by Swans due the absence of gondolas. 7. Less air Pollution and Road Accidents With flights grounded, factories shut, and roads empty, the air has become cleaner like never before. Highly air polluted cities such as Bangkok, Delhi, Beijing, São Paulo and Bogotá have all reported an unprecedented decline in pollution. Also, road accidents account for 3,424 deaths daily or two deaths per minute globally but coronavirus lockdown orders have led to a significant reduction in these numbers.

Business Consultancy

DMCC Licenced Companies Can Now Operate From Their JLT Office with Dual Licence Office Permit

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DMCC Licenced Companies Can Now Operate From Their JLT Office with Dual Licence Office Permit DMCC member companies with a DED branch/ subsidiary / a company with common shareholder can now operate from their JLT office after obtaining a dual licence office permit. This helps in saving the cost of leasing another office for the DED licence. Key Points to Consider When Applying For A Dual Licence Office Permit Companies occupying office space in DMCC planning to share the unit with another DED company must strictly obtain a dual licence office permit. After obtaining the licence, they should always abide by the relevant requirements of dual licence office permit. The validity of this licence permit is one year and can be cancelled anytime by the applied DMCC Company. It can be also terminated by the DMCCA. Only DMCC licenced companies can apply for dual licence office permit. Property type should be office according to the title deed of the Unit. Sharing of any other property types such as shops, flats, land are not permitted. Units within business centers such as co-working spaces, incubation centers, and accelerators are not entitled for dual licence office permit. Retail and industrial activities are not eligible for dual licence office permit. Every company must be allocated a specific area within the unit with a minimum area size of DMCC Company being 300 sq.ft. The standard Visa quota policy shall be applied wherein the quota for DMCC Company shall be calculated based on the actual area allocated to the company. For DED Company, the visa quota and process will be based on the DED rules and requirements. Certain licence activities may not be eligible for dual licence office permit and this shall be at the sole discretion of DMCC. A company cannot apply for a new dual licence office permit if there is an existing sanction on their account. Late renewal of dual licence office permit may attract penalties from DMCC. Dual licence office permit cannot be amended after it is issued. Once the application of dual licence office permit is issued, permit fee is non-refundable. When it comes to visas, DED companies follow the mainland regulations as per DED requirements. However, DMCC companies must apply for access approval for all non DMCC employees sponsored under the DED licence and wish to work from the same premises. DED companies should submit a report from Ministry of Human Resources and Emiratization compiling the names of all sponsored employees. This service will be provided to all DED companies only through the DED service center located in High Level Business Center (DED Café).

News

DMCC Introduces No Objection Service to Operate Onshore

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DMCC Introduces No Objection Service to Operate Onshore Here’s a good news for all business owners, DMCC, the UAE’s highly growing free zone region in partnership with the Department of Economic Development (DED) has introduced a new service that will help in growing your business. DMCC member companies with specific licence activities can now offer services outside their respective free zone without obtaining a trade licence from DED. This regulation will be effective from 14 April 2020. Member companies can easily apply online for a no-objection-certificate (NOC) from DMCC to obtain the DED permit and commercial permit for operating onshore. It does not require any document submission. The NOC will be issued within two working days and its validity will be 90 days from the date of issuance. Key points to consider Only DMCC licenced companies holding service licence type can apply for NOC to operate onshore after meeting the eligibility criteria. Companies cannot apply for NOC to operate onshore if: They have an active sanction on their account They have an existing open SR for activity amendment They have an open SR for licence termination They have an open SR for company termination Steps to apply for NOC to operate onshore Fill the application form in the DMCC portal to ‘apply for NOC to Operate Onshore’ Make the payment and submit the SR Download the generated NOC on the SR’s documents or ‘Uploads’ sections Next step is to approach DED with the NOC from DMCC and meeting the Department of Economic Development’s (DED) formalities for obtaining the permit to operate onshore. If you have any further questions regarding DMCC company formation, feel free to contact us at +971 55 843 2911 or ek@corpinconsultants.com. We can assist you in all aspects of business setup in DMCC.

News

Dubai Airport Freezone Authority (DAFZA) contributes 12 percent to the country’s foreign trade in 2019

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Dubai Airport Freezone Authority (DAFZA) contributes 12 percent to the country’s foreign trade in 2019 Dubai Airport Freezone Authority (DAFZA) contributed 12% to the Emirate’s foreign trade in 2019, compared to 11.2% in 2018, out of a total trade value of AED 1.37 trillion recorded last year. DAFZA’s foreign trade crossed AED 164 billion in 2019 with a 12.6% growth, compared to the previous year (AED 146 billion). The underlying reason for this hike is the recent business facilitation services and incentives that attracted foreign investors to the free zone. As a result, there was more than 15.8% growth in imports worth AED 72.4 billion. The total exports and re-exports reflected 10.2% growth with AED 91.8 billion allowing DAFZA to achieve an AED 19.4 billion trade surplus in 2019. India was DAFZA’s biggest trade partner in 2019 with 18.3 percent valued at AED 30 billion, followed by China with 17.3 percent at AED 28.4 billion. Switzerland got the third position with 16.3 percent at AED 26.8 billion.  India ranked first for imports with 40.7 percent at AED 29.4 billion, followed by China with 39.2 percent at AED 28.4 billion. Switzerland also ranked first in exports and re-exports and accounted for 27.4 percent at AED 25.1 billion, followed by Iraq with 12.3 percent valued at AED 11.3 billion. When it comes to goods, machinery, electrical and electronics equipment ranked first with 55% of the total foreign trade in 2019, with a value of AED 37.4 billion for imports and AED 53 billion for exports and re-exports. This was a hike of 14.3% or AED 11.3 billion in DAFZA’s total trade. The precious stones and metals accounted for 38% of the total import value at AED 29.6 billion and AED 32 billion in terms of exports and re-exports. This meant an increase of 10.4% worth AED 5.8 billion. Both sectors represent 92.6% of DAFZA’s total trade. Apart from these DAFZA also generated increased revenue from multinational companies (36.6% growth compared to the previous year. The total space occupied by multinational companies also increased by more than 135%. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA quoted that DAFZA’s foreign trade was valued at more than 164 billion AED. This was a result of DAFZA’s contribution as a major hub for international companies and investors across the globe. The results show its major role in accelerating access to global and regional markets, including Dubai’s market. He added that this is positively reflected in Dubai’s economy as DAFZA has been actively contributing to its sustainable growth for the last twenty years. If you wish to set up your business in DAFZA or have any questions regarding the same, contact us at +971 55 843 2911 or info@corpinconsultants.com to book a free consultation.

Business Consultancy

A Step By Step Guide for Setting Up A Restaurant Business in Dubai

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A Step By Step Guide for Setting Up a Restaurant Business in Dubai Starting up a restaurant in a place like Dubai is a lucrative business idea as this destination attracts approximately 4.7 million tourist visits every year. The industry is further going to flourish in the upcoming days with the advent of Expo 2020. Therefore if you are planning to set up a restaurant business in Dubai, this is the right time. Here is a step by step guide given below: Identifying a local sponsor If you are planning to set up your restaurant business in the Dubai mainland, it is mandatory to have a local sponsor. A local sponsor is a UAE national who acts as a representative for all government-related paperwork and approvals. It is essential to find an educated, reliable, and trustworthy local sponsor. Applying for the trade license Before starting a restaurant business in Dubai, one needs to obtain a trade license issued by the  Department of Economic Development (DED). Before applying for the trade license, one must first select a trade name and then file with the DED for initial approval. Selecting a strategic location The next step is selecting an ideal location. You need to decide where you want to set up your business-mainland, free-zone, or offshore. Choose the location based on these crucial factors such as visibility, accessibility, customer base, affordability, and proximity to suppliers. Also, confirm with the Municipality of Dubai whether the restaurant business activity is permitted in that selected area and obtain a no-objection certificate. Special approvals Food License:  Soon after receiving the trade license, you need to procure a food license for receiving the construction plan of your restaurant. A food license is issued by the Food Safety Department in Dubai and it is mandatory to follow the food code for ensuring food safety right from the production to the distribution stage. One needs to also obtain other selective permits such as Ramadan Permit, Liquor Permit, Pork Permit, and Delivery Permit.  Submitting the kitchen layout After getting the initial approval, you need to submit the kitchen layout to the Food Safety Department.  Drafting a memorandum of association The next step is making an LLC memorandum of association. This is a commonly agreed set of clauses between the shareholders. Both the ex-pat and local sponsor need to sign this contract in front of the Dubai court official notary public. Issue of License This contract will be submitted to the DED along with initial approval. After the successful completion of all processes, your restaurant license will be issued. If you are planning to set up a restaurant business in Dubai, Corpin Consultants can make the entire process less tedious for you. We have a team of experts who will guide you in every step with continued commitment. Contact us at +971 55 843 2911 or info@corpinconsultants.com for a free consultation.

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