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Business Consultancy, Business Setup

How to Setup a Software Company in Dubai 2024

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Setting up a software company in Dubai in 2024 presents a promising opportunity amidst the city’s growing tech landscape. With its strategic location, business-friendly environment, and robust infrastructure, Dubai continues to attract entrepreneurs and innovators from around the globe. If you are considering tapping into this dynamic market and opt for a software company setup in Dubai, this guide will provide you with a clear roadmap. Market Research and Planning: The first thing to do before getting into the process of software company formation is conducting thorough market research. This will help you understand the demand for software solutions in Dubai. Next, identify your target audience, analyze competitors, and gauge the opportunities. Develop a detailed business plan outlining your company’s objectives, target market, revenue streams, and growth strategies. Legal Structure and Company Registration: Choose the most suitable legal structure for your software company, such as a Limited Liability Company (LLC), Free Zone Company, or Branch of a Foreign Company. Then register your company with the Department of Economic Development (DED) if operating on the mainland or with the respective free zone authority if opting for a free zone setup. Trade Name Reservation: Select a unique trade name for your software company and ensure it complies with the naming guidelines set by the relevant authorities. Seal your chosen trade name through the DED or the respective free zone authority to secure exclusive rights to it. Office Space and Business Premises: Arrange for suitable office space which will serve as your company’s headquarters. When leasing office space in a commercial building or opting for a flexi-desk in a free zone, ensure compliance with regulatory requirements regarding office premises. Obtain Necessary Licenses and Permits: Acquire the essential licenses and permits required to operate a software company in Dubai. Common licenses include the DED trade license for mainland businesses and the business license issued by the relevant free zone authority for companies operating within free zones. Additionally, specialized permits may be necessary for specific activities or industries. Recruitment and Talent Acquisition: Build a talented team of professionals skilled in software development, engineering, marketing, sales, and other relevant areas. Leverage local talent pools, recruitment agencies, online platforms, and networking events to identify and attract top talent to join your company. IT Infrastructure and Technology Setup: Establish robust IT infrastructure and deploy cutting-edge technologies to support your software development processes and operations. Invest in reliable hardware, software tools, development frameworks, and cloud services to facilitate efficient workflow and collaboration. Compliance and Regulatory Requirements: Familiarize yourself with the regulatory framework such as data protection laws, intellectual property regulations, and taxation requirements. Ensure full compliance with local laws and regulations to avoid legal issues and penalties. Marketing and Branding Strategies: Develop a comprehensive marketing and branding strategy to promote your software company and attract customers. Utilize a mix of online and offline channels, including social media, search engine optimization (SEO), content marketing, networking events, and industry conferences, to raise awareness and generate leads. By following these step-by-step procedures, you can easily open a software company in Dubai that is poised for long-term success. By following these step-by-step procedures, you can easily open a software company in Dubai that is poised for long-term success. You will also need to ensure all required documentation is prepared and in order. This includes legal documents related to your chosen company structure, such as Articles of Association and Memorandum of Association. Additionally, you will need to reserve your company’s trade name and secure necessary licenses and permits, documentation related to office space, recruitment, IT infrastructure, compliance with regulations, and your marketing plan. Overwhelmed? Corpin Consultants can assist you in navigating through these documentation requirements and software company setup. With our expertise and experience of over 10 years in helping clients establish their foothold in Dubai, you can confidently rely on us to setup your software business in Dubai! It’s time to make your 2024 software company setup a reality!

Blogs, Business Consultancy

Setting Up a Company in Sharjah Airport International Free (SAIF) Zone

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Setting Up a Company in Sharjah Airport International Free Zone Established in 1996, Sharjah Airport International Free (SAIF) Zone is one of the oldest UAE zones located next to Sharjah International Airport. With a well-developed infrastructure and strategic location makes company setup in SAIF Zone ideal for setting up trading, manufacturing and logistics businesses. It offers ready-to-move facilities such as fully air-conditioned and furnished executive suites with reception, pre-built warehouses in four sizes with adjacent office space and lease land for unrestricted private development, bunkers, container parking area and temporary storage space. Categories of Licenses Available in SAIF ZONE Trading License – This license is issued to businesses concerned with industrial and manufacturing activities. Commercial License – Import, export, distribution, consolidation, storage, or warehousing of goods are specified in the license. Also, the maximum permitted limit is three similar product lines or company activities. Service License – Allows the holder to carry out activities specified in the license only within the SAIF zone. Industrial License – This license permits the import of raw materials, fabrication, processing, assembling, packaging, and export of finished goods. Benefits of Setting up a Business in SAIF Zone No corporate or personal income tax Fast and affordable licensing including 4-hour licensing service option. No need for share capital Easy access to seaports and airports 100% repatriation of capital and profits 100% foreign ownership permitted without any requirement for partners A wide range of options available for all types of businesses: warehouses, single offices, manufacturing units, and industrial plots. Company Setup in SAIF Zone Company formation in SAIF Zone can be done by owners or by Power of Attorney holders. License will be issued quickly on the day of application. Documents Required for Company Incorporation Passport Passport size photo Residential address, contact number and email ID of the owner Documents Issued by SAIF after Company Registration include: Certificate of Incorporation License Memorandum and Articles of Association Investment Service Agreement Share Certificate Lease agreement Corpin Consultants can assist you in the entire process of company incorporation in SAIF zone. Our experts handle the entire Banking, Visa, Legal, and Licensing formalities, so you can focus on the other aspects of your business.[/vc_column_text][/vc_column][/vc_row]

Blogs, Business, Business Consultancy

Ras Al Khaimah Offshore Company Formation Tips

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Ras Al Khaimah Offshore Company Formation Tips Ras Al Khaimah has one of the most developed and well-regulated financial sectors in the world. Here, business owners can get 100% foreign ownership of an international company. The place has a world-class infrastructure with easy access to international airports. The main advantage of RAK international companies is that the corporate income taxation at this place is 0%. Ras Al Khaimah offshore company formation is also a whitelisted offshore jurisdiction that meets the standards of international regulations. There are certain factors to keep in mind before forming a Ras Al Khaimah Offshore Company, which are discussed below:  Conditions for Selecting a RAK Offshore Company Name The name of a newly incorporated company in Ras Al Khaimah has to meet the following conditions: Should not contain more than one hundred permitted characters. A limited company’s name should end with the words “Limited”, “Incorporated” or their abbreviations “Ltd”, “Inc”. Should not be similar to names of existing companies or names that appeared in the reserved name list of the Registrar. Should not contain the restricted list of words such as bank, council, credit, fund, forex Should not be offensive or questioning public policy or public interest. Documents Required for Ras Al Khaimah Offshore Company Formation For individual director/shareholder Certified, valid passport copies of all directors/shareholders; 3 proposed names of the company Personal and business profiles of each shareholder, curriculum vitae. Certified copy of utility bill/local authority tax bill/tenancy agreement or bank statement with the address of all directors/shareholders. For corporate shareholder Attested copy of the corporate documents including Certificate of Incumbency, Memorandum, and Articles of Association; Attested Certificate of Incumbency/ Certificate of Good Standing; Name of shareholders and Ultimate Beneficial Owners; Attested copy of corporate resolution stating new incorporation approval in RAK. Requirements for Annual Company Maintenance One director/shareholder; Local registered agent and registered address; Filing annual return. Corpin Consultants can assist you in handling the entire procedure of company incorporation such as documentation, registration, follow-up, approval, and renewals. Contact us for a free consultation today.[/vc_column_text][/vc_column][/vc_row]

Blogs, Business, Business Consultancy

Few Guidelines for Setting Up A Business in Fujairah

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Few Guidelines for Setting Up A Business in Fujairah Fujairah is one of the less populated states in the UAE located along the Gulf of Oman. It has a seaport and airport which makes this an ideal destination for import and export businesses. Also, due to the rising living costs in Dubai and Abu Dhabi, Fujairah is gaining immense popularity for business setup. If you are planning to setup your business in Fujairah, we have compiled a list of guidelines for making your journey smooth: Select the right jurisdiction Make sure to choose the right jurisdiction based on your business model.  There are two jurisdictions in Fujairah: free zone and mainland Business Setup in Fujairah Free Zone There are three free zones in Fujairah: Fujairah Free Zone Authority (FFZA), Fujairah Creative City (FCC), and International Free Zone Authority (IFZA). Setting up your business in any of these free zones will give you the right to own 100% of your company shares and exempts you from corporate and income taxes. Business Setup in Fujairah Mainland By setting up your business in the Fujairah Mainland you can access the entire UAE marketplace, giving you a wider chance to grow locally as well as internationally. A local partner will hold 51% of share in the business and an expat partner can hold 49% of the share in the company. Obtain the right license according to your business setup model Types of Business Licenses Issued in Fujairah General Trading License – It allows businesses to freely import and export of products inside and outside the UAE. Service License – This license permits businesses to offer services such as accounting, law, and business consulting. Trading or Commercial License – It allows a business to trade in specific products according to the rules of license issuing authority. Warehousing License – This license allows you for availing warehouse facilities. Industrial License – This license allows you to import raw materials, manufacture stated products and export finished products to any country. Manufacturing License – This license is issued when the free zone authority accepts a project, implemented, and fully insured for human resources and machinery. Manufacturing license is also subjected to: Built-up area and open space of the project Water, Electricity and workforce supplies Environmental aspects related to the project Documents required for registering a business in Fujairah Passport copy of shareholders, and directors Attested Board Resolution (For corporate ownership) Attested MoA & AOA (For corporate ownership) Valid business license (For corporate ownership) Suggested trade names Personal information of shareholders and investors Proposed Activities Fujairah is the perfect place to set up any kind of business. Foreign investors and local entrepreneurs can make use of its unique advantages and hassle-free business setup processes. If you require any assistance in business setup, feel free to contact us at +971 55 843 2911 or info@corpinconsultants.com.[/vc_column_text][/vc_column][/vc_row]

Blogs, Business, Business Consultancy

All You Need to Know About Company Liquidation in the UAE

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All You Need to Know About Company Liquidation in the UAE Due to certain unforeseen circumstances and liabilities, when a business is not able to conquer the market as expected, the company owners would consider the company liquidation process. It is all about winding up the company’s operations and selling its assets for repaying liabilities or financial obligations. It is required to file a petition to the court for the same. Few Situations When A Company Is Liquidated When it is unable to pay creditors When the company has no cash or liquidity for financing The company is not able to procure any form of revenue or business When the company’s losses exceed the profits The directors decide to vote for liquidation at the board meeting. Types of Liquidation Voluntary Liquidation – In this process, the shareholders of a company decide to liquidate the company when it is not able to generate profits. The board of directors with the consent of lenders decides to liquidate all assets to pay its creditors. For example, selling all machinery of the company for repaying the debts. Compulsory Liquidation by the court – When a company is under financial distress If a company is under financial distress and its debts are not paid on time, creditors may request the court to liquidate the company’s assets in order to collect their dues. As a result, the court may make it mandatory for a company to liquidate and sell its assets for paying all outstanding debts. This process is known as compulsory liquidation. Benefits of Company Liquidation Debt will be paid to the lenders and owners won’t have to worry about the money issue. The management and directors will be saved from prospective legal actions. Documents required for Company Liquidation Firstly, the company must produce the Board Resolution for proving that the decision to liquidate has been taken. This resolution will include the name of the appointed liquidator. The original registration certificate should be provided, along with the liquidator’s credentials. All these documents require notarization. After the first steps of the liquidation have been completed, the business should also cancel any special permits or licenses it has obtained for performing different economic activities in the UAE. Branches need to produce the original documents from the parent company. Apart from these the following documents are also required: A letter showing the company liquidation is approved The license of the appointed liquidator for the company that performs the process The dissolution documents of the company in the UAE Documents of company owners that it is subject to liquidation Clearance letter from government departments like immigration, labor, customs etc Bank closure letter If you require any assistance for company liquidation in UAE to limited liability company, free zone company and offshore company, Corpin Consultants can assist you from scratch to end. Contact us at +971 55 843 2911 or info@corpinconsultants.com to know more.

Blogs, Business Consultancy

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, 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.

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