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Expo 2020: The Perfect Time to Kickstart Your Business in Dubai

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Expo 2020, the Perfect Time to Kickstart Your Business in Dubai Dubai is considered to be the perfect business destination with its first-class infrastructure, tax-free environment and business-friendly regulation. Despite the severe pandemic situation, the city thrived as one of the best investment destinations for many industries including healthcare, tourism, hospitality, finance, construction, etc. If you are planning to set up your business in Dubai or you already own an enterprise, this is the perfect time for opportunities with Expo 2020 in full swing. The greatest show of the year is expected to attract 25 million visitors from across the globe. This event began on 1 October 2021and ends on 31st March 2022. Listed below are the unique advantages entrepreneurs can look forward to: Making connections Just like how the tagline says ‘Connecting Minds, Creating the future, this event will provide everyone an opportunity to connect with experts, partners and investors across the globe. Covering an area of 45,000 square meters, this extravagant event will host seminars, product launches, networking events, and more. Expo 2020 has even a networking app called Business Matchmaking App. You can also collaborate with suppliers and distributors at Emaar 2020 Club. Increased Product Demand There will be an increased product demand throughout the 6-month period. So, businesses can foresee this and take advantage of this opportunity. Gaining inspirations Expo 2020 will provide an opportunity for entrepreneurs to explore possible business opportunities especially drive innovative ideas that are apt for the future. It is also a perfect platform to pitch your business proposal to investors. Get a chance for media attention Expo 2020 offers an amazing opportunity for entrepreneurs to be at the center of the world’s media. This attention is ideal for unique products and services providing significant leverage at an international level. If you are an entrepreneur looking forward to exploring Expo 2020 business opportunities, Corpin Consultants have some exciting company formation packages to kickstart your business in Dubai. Our team of experts guide you in obtaining all necessary licenses, documentation, bank account opening, and all that you require for a smooth entry to the market. Get in touch with us on info@corpinconsultants.com or call us at +971 55 843 2911 to know more about our packages.

Home-based business ideas in Dubai
Blogs

Best Home-Based Business Ideas in Dubai

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Best Home-Based Business Ideas in Dubai Dubai is a welcoming land for entrepreneurs with endless opportunities. Even if one has limited resources for setting up an office here, it is perfectly fine. Thanks to the internet, many home-based business ideas in Dubai are flourishing during this unprecedented time. If you are planning to set up your own home business in Dubai, we have listed below a few trending ideas. E-commerce E-commerce is one of the booming sectors in the UAE post the pandemic situation. According to a report by Kearney Middle East, e-commerce in the Gulf region will grow from USD 29 billion in 2021 to USD 50 billion by the end of 2025. An e-commerce business allows you to sell your products or services online. You can also sell products directly from another supplier without purchasing a stock upfront through affiliate marketing or drop shipping. For starting an ecommerce business, all you need is a website, domain name, web hosting service, merchant services provider to accept payments (if required) and a marketing strategy to promote your business online. These factors makes it one of the best Home-Based Business Ideas in Dubai to start now. Social Media Influencer Social media influencer has recently transformed into a serious profession with many aspirants earning good from promoting products. If you are a social media expert with a large fan base, you can become a successful social media influencer. According to a report, many UAE influencers earn an average of USD 1,000 to USD 5,000 for a single post. This market has grown to such an extent that the UAE National Media Council (NMC) recently introduced a specific influencer license. These data shows that being Social Media Influencer is another best Home-Based Business Ideas in Dubai to begin with. Online Coaching If you have knowledge and expertise in any subject, you can make best use of it by becoming an online coach. The choices are unlimited, you can teach any subject right from yoga, dance, fitness, nutrition, or cooking and turn into an income-generating business. As an online coach, you can work from the comforts of your home and connect with clients across the globe. Freelancing Freelancing is another rewarding business idea that you can carry out remotely. You can provide freelancing services for web development, graphic designing, accounting, marketing, and more. You may come across several website platforms where you can find freelance work. A freelance permit is required for practicing freelance business in the UAE.   If you are planning to set up your business in Dubai, we at Corpin Consultants provide complete business incorporation services. For any assistance on work permits or license registrations, contact us for a free consultation.

Blogs, Business

Requirements for Setting Up a Holding Company in Dubai

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Requirements for Setting Up a Holding Company in Dubai A holding company is a company that owns the shares or stocks of other companies.  Such a company neither provides services nor manufactures any product or involve in any form of trading. The main advantage of these companies is to reduce the risk of owners but at the same time allows ownership and control of numerous companies. The registration process of a holding company is the same as the incorporation of any other type of entity. One can register any of these business forms as a holding company in Dubai: Limited Liability Companies. Joint-Stock Companies. Free Zone Companies. Offshore Holding Companies Listed below are the requirements for setting up a holding company in Dubai: 1. Select the location and jurisdiction If you wish to set up a holding company, the first step is to choose your location and jurisdiction whether it is a free zone or mainland Dubai or Offshore depending on your investment. The right location and jurisdiction are crucial. 2. Fulfil the registration requirements For setting up a holding company, one must abide by the standards of the Dubai company act. Requirements depend upon the structure of the holding company.  The application process can be delayed if there are any omissions or errors in your application. 3. Appointing a managing board Appoint a managing board that ensures the creation of a policy that needs to be followed by the subsidiaries. 4. Share capital requisites Ensure that the company’s capital requirements are meeting its subsidiaries’ operational requirements. 5. Registration The registration process of a holding company does not take much time irrespective of its location; mainland Dubai or a free zone or offshore. Documentation requirements for a holding company in Dubai Passport copies of the shareholder with a validity of at least 7 months from the date of application. A proof of address document is required for each shareholder and director. This can be in the form of a: Utility bill A bank statement A tenancy contract A phone bill with the shareholder’s address (less than 3 months old) The team of experts at Corpin Consultants can guide you through all aspects of the holding company set up, including all licensing and regulatory approvals, employee and investor residency and visa requirements. Contact us today for a free consultation.[/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]

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.

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