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2024 Guide : How to Start an Business in Sharjah

Business Setup in Sharjah #BeABusinessTycoon Apply Online Contact us How to Start an Business in Sharjah ?, Here’s Your Guide Business Setup in Sharjah offers a diverse range of choices for investors seeking to establish themselves in the Emirate, including licensing authorities and free zones.From adaptable alternatives for first-time start-ups to more intricate frameworks for larger enterprises, Sharjah accommodates to all desires and ambitions. Sharjah is located only 20 minutes from Dubai, and well-connected by public transport. Sharjah has its own international airport as well as three seaports, and in addition hosts a third of all manufacturing activity in the United Arab Emirates. What are the Types of Business Entities in Sharjah? Sharjah is one of the tax haven emirates of the UAE and business setup in Sharjah mainland or freezone is beneficial for foreigners. The type of business entities in Sharjah include: Limited Liability Company: This type of business requires partners not more than 50, but less than 2. It is the most common type among investors as the liability of the partner is limited to the investment in the company Partnership Company: This includes partnering between 2 or more individuals, where liability is limited to the extent of their shares to the company’s liabilities. Local Service Agent: This type of company is generally managed by a single person. And if the individual does not have a UAE or GCC national, then it must be backed by a local sponsor, who is a UAE national. Public/Private Shareholding Company: A public shareholding company has the feature where the share capital is equally divided into tradable shares. A private shareholding company is subject to rules of public joint stock companies. 3 Types of Business Jurisdictions in UAE In the United Arab Emirates, a company can be set up in three jurisdictions: Freezone, Mainland, and Offshore. The companies established in these jurisdictions are supposed to comply with the predetermined set of rules and regulations. Mainland Freezone offshore Mainland companies are licensed by the Department of Economic Development (DED) of the respective emirate. They can operate both within and outside the UAE. Local Market Access: Mainland companies can do business anywhere in the UAE, including the local market. Office Location: Flexibility to open an office anywhere in the UAE. Business Activities: No restrictions on the types of business activities. Government Contracts: Eligibility to bid for government projects and contracts. Local Sponsorship : Not Mandatory for all Business Freezone companies are established in designated areas that offer specific economic benefits. Full Ownership: 100% foreign ownership is allowed. Tax Benefits: Often enjoy tax exemptions, such as no personal or corporate income taxes. Repatriation: 100% repatriation of capital and profits. Simplified Procedures: Easier and faster company setup procedures. Customs Duty Benefits: Exemption from import and export duties within the freezone. Specific Activities: Some freezones are specialized and restrict the type of business activities. Offshore companies are set up for international business operations outside the UAE. Full Ownership: 100% foreign ownership is allowed. Privacy: High level of confidentiality and privacy. Tax Benefits: No taxes on income earned outside the UAE. Cost-Effective: Lower setup and operating costs. No Physical Presence: Cannot have a physical office in the UAE or conduct business within the UAE. Restrictions: Limited to international business activities, primarily for holding, asset protection, and international trading. List of Free Zones in Sharjah Dubai has Most Freezones in UAE,For Freezones in Dubai click here. FREEZONE Sharjah Publishing City Hamriyah Free Zone Sharjah Media City – Shams Sharjah Airport International Free Zone The Sharjah Research, Technology, and Innovation Park Sharjah Oasis for Technology and Innovation (SOTI) Sharjah Healthcare City Frequently Asked Questions Here are answers to the most frequently asked questions. Can foreign nationals own 100% of a company in Dubai? Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland specific business company in UAE. Can foreign nationals register a company in UAE ? Yes, foreign nationals can easily register a business in UAE. Professional assistance is necessary for aspects like licensing, visa issuance, and bank account opening, and a business setup consultant in Dubai can assist you with this. Can I start a business in Dubai or UAE without an office? Yes, Dubai/UAE allow you to register and own businesses without the need for a physical office space. Can I secure visas for my dependents through a free zone business in the UAE? Yes, you can easily sponsor your spouse and children through a free zone business license.You are Eligible for Family Visa What are the different types of business licenses issued in UAE? The three(3) most prominent licenses available in UAE are professional, commercial, and industrial. Professional license: A professional license permits offering specialized services such as consultancy, accounting, legal advisory, and so on. This license is required for skilled professionals looking to set up businesses and deliver services based on their intellectual or artistic capability. Commercial license: A commercial license is granted for businesses involved in trading activities and is required to legally conduct activities such as import and export of goods within and outside the UAE. Industrial license: An industrial license is needed for businesses conducting activities such as manufacturing, packaging, segregation, etc. What documents are required to start a free zone business in UAE? The following documents are required from the shareholder(s) and manager(s) for free zone company formation : Passport copy Latest UAE entry stamp/visit visa copy Residence visa copy and Emirates ID (for UAE residents) Address proof Passport-size photo Please note that in addition to these, you may be required to submit additional documents. Consulting with a Tycoon business setup company will help you gain more information in this regard. Business Setup Corporate PRO VISA Services Business Consulting Attestation Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi

How to Setup a Business in Abudhabi

Abu Dhabi / tycoondocument / July 31, 2024 / abu dhabi business, abu dhabi company registration, abu dhabi free zone, business in abu dhabi, business setup, business setup companies in abu dhabi, freezone company setup, uae business registration

Business Setup in Abudhabi #BeABusinessTycoon Apply Online Contact us How to Start an Business in Abudhabi ?: Here’s Your 2024 Guide Business Setup in Abu Dhabi offers a diverse range of choices for investors seeking to establish themselves in the Emirate, including licensing authorities and free zones.From adaptable alternatives for first-time start-ups to more intricate frameworks for larger enterprises, Abu Dhabi accommodates to all desires and ambitions. Abu Dhabi’s expanding and industry-focused jurisdictions have made the Emirate a top choice for SMEs, start-up owners, and large corporations. The Emirate provides unparalleled access to the corporate world, with 80 percent of the world’s population within an eight-hour flight. And is ranked first in the region for ease of doing business. 3 Types of Business Jurisdictions in UAE In the United Arab Emirates, a company can be set up in three jurisdictions: Freezone, Mainland, and Offshore. The companies established in these jurisdictions are supposed to comply with the predetermined set of rules and regulations. Mainland Freezone offshore Mainland companies are licensed by the Department of Economic Development (DED) of the respective emirate. They can operate both within and outside the UAE. Local Market Access: Mainland companies can do business anywhere in the UAE, including the local market. Office Location: Flexibility to open an office anywhere in the UAE. Business Activities: No restrictions on the types of business activities. Government Contracts: Eligibility to bid for government projects and contracts. Local Sponsorship : Not Mandatory for all Business Freezone companies are established in designated areas that offer specific economic benefits. Full Ownership: 100% foreign ownership is allowed. Tax Benefits: Often enjoy tax exemptions, such as no personal or corporate income taxes. Repatriation: 100% repatriation of capital and profits. Simplified Procedures: Easier and faster company setup procedures. Customs Duty Benefits: Exemption from import and export duties within the freezone. Specific Activities: Some freezones are specialized and restrict the type of business activities. Offshore companies are set up for international business operations outside the UAE. Full Ownership: 100% foreign ownership is allowed. Privacy: High level of confidentiality and privacy. Tax Benefits: No taxes on income earned outside the UAE. Cost-Effective: Lower setup and operating costs. No Physical Presence: Cannot have a physical office in the UAE or conduct business within the UAE. Restrictions: Limited to international business activities, primarily for holding, asset protection, and international trading. List of Freezones in Abu Dhabi Dubai has Most Freezones in UAE,For Freezones in Dubai click here. FREEZONE Masdar City Free Zone Khalifa Port Free Trade Zone Abu Dhabi Airports Free Zone Abu Dhabi Global Market twofour54 The Free zone dedicated to the military and security sector in Tawazun Industrial Park Frequently Asked Questions Here are answers to the most frequently asked questions. Can foreign nationals own 100% of a company in Dubai? Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland specific business company in UAE. Can foreign nationals register a company in UAE ? Yes, foreign nationals can easily register a business in UAE. Professional assistance is necessary for aspects like licensing, visa issuance, and bank account opening, and a business setup consultant in Dubai can assist you with this. Can I start a business in Dubai or UAE without an office? Yes, Dubai/UAE allow you to register and own businesses without the need for a physical office space. Can I secure visas for my dependents through a free zone business in the UAE? Yes, you can easily sponsor your spouse and children through a free zone business license.You are Eligible for Family Visa What are the different types of business licenses issued in UAE? The three(3) most prominent licenses available in UAE are professional, commercial, and industrial. Professional license: A professional license permits offering specialized services such as consultancy, accounting, legal advisory, and so on. This license is required for skilled professionals looking to set up businesses and deliver services based on their intellectual or artistic capability. Commercial license: A commercial license is granted for businesses involved in trading activities and is required to legally conduct activities such as import and export of goods within and outside the UAE. Industrial license: An industrial license is needed for businesses conducting activities such as manufacturing, packaging, segregation, etc. What documents are required to start a free zone business in UAE? The following documents are required from the shareholder(s) and manager(s) for free zone company formation : Passport copy Latest UAE entry stamp/visit visa copy Residence visa copy and Emirates ID (for UAE residents) Address proof Passport-size photo Please note that in addition to these, you may be required to submit additional documents. Consulting with a Tycoon business setup company will help you gain more information in this regard. Business Setup Corporate PRO VISA Services Business Consulting Attestation Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi

Setup Your IT business in Dubai : Updated

Dubai / tycoondocument / July 27, 2024 / business formation in dubai, business setup, company formation companies in dubai, freezone company setup, online business in dubai, uae business registration

IT Business Setup in Dubai Start an IT Business in Dubai : 2024 Guide Apply Online Contact us How to Start an IT Business in Dubai? Here’s Your 2024 Guide It’s natural to think of opening an Artificial Intelligence, Digital Marketing , IT or software company in Dubai in 2024 when everyone is talking about ChatGPT, the new kid on the AI block. How to start an IT company in Dubai or a software business? There’s a whole host of reasons why so many business-oriented people from the world over are searching for answers to this question. 100% business ownership, liberal taxes, business-friendly policies, ease of doing business, advanced infrastructure, world-class economic zones, access to global talent, e-government system, tons of business opportunities, tourism-friendliness, diverse expat population and the whole nine yards, what else one needs to set up an IT business! So, let’s cut to the chase and learn the ropes. Most-Preferred Free Zone to Start a Business in Dubai The quick surge in the growth of UAE’s banking, IT, logistics, commerce, and media industries, among others all across the Emirates, is pretty visible. Thanks to the free zones that have presented a magnificent framework for luring marketing, trade, and investment prospects. At the moment, the country’s expanding private sector is mostly defined by its free zones. Dubai alone boasts more than 30 top-class free zones, comprising 30% of Middle East free zones. And Dubai Internet City (DIC) tops the list when it comes to setting up an IT company in Dubai. Dubai Internet City From a mixed bag of commercial spaces to multiple retail options to business setup support, DIC is a treasure chest of all the good things that a business might need to establish and thrive. “Innovation is a group endeavour, not the result of a formula. Participate to advance,” says Dubai Internet City, a tech community housing brilliant minds and businesses, such as Cisco, LinkedIn, Schlumberger, Microsoft, Oracle, Facebook, IBM, Dell, HP, Canon, Siemens, Sony Ericsson and Logica, collaborating to etch their names in history. Infamous as the region’s hub for innovation & technology #WhereMindsClick, DIC, without a doubt, is the best pick for an IT business setup in Dubai for a variety of reasons including: Home to Fortune 500 companies 50-year tax holiday foreign ownership overall Total profit repatriation Metro Ethernet environment access to top-notch personnel Exceptional communications infrastructure decked up with 5-star hotels, restaurants, a business centre, a fitness centre, medical security and much more Strategically located to facilitate logistics functions Posh areas such as Dubai Marina, JLT, Barsha Heights, JBR and Umm Suqeim are in the vicinity A range of commercial spaces, facilities, business services and more A wide range of amenities and facilities to support the growth of technology businesses, including high-speed internet connectivity, business-friendly regulations, and a supportive community of like-minded technology professionals Bustling with hundreds of IT services companies – Hewlett-Packard MENA FZ-LLC, Hitachi Data Systems Limited, Dell FZ-LLC, Deloitte Technology Consulting Middle East FZ-LLC, IBM Middle East FZ-LLC, Lenovo Global Technology Middle East and Africa FZ-LLC, Aces Solutions FZ-LLC, to name some of the top ones Affordable commercial and residential space leasing options Complete with comprehensive infrastructure for companies operating in the technology, media, and telecommunications industries An array of facilities and services A spectrum of educational and training programs such as workshops, and networking events to help professionals in the technology industry stay up-to-date with the latest developments in their field. Overall, DIC is a key player in Dubai’s efforts to establish itself as a global hub for technology, innovation, and entrepreneurship. With its world-class infrastructure and supportive community, DIC provides a thriving environment for technology businesses to grow and succeed. Dubai International Financial Centre Best for FinTech,AI and Data Scienece Companies Dubai Silicon Oasis Dubai Outsource City Most Freezones Support, IT/ITES Businesses Click to View List of Freezones in Dubai 9 Steps to Start an IT Company in Dubai Conduct market research Conduct market research: Research the market to identify the demand for the type of software you want to offer, as well as your competition. This will help you understand the needs of your target customers and ensure that there is a demand for your products or services. Choose a business structure Decide on the type of business structure you want to establish, such as a sole proprietorship, limited liability company (LLC), or free zone company. You can consult with a local lawyer or Dubai business advisor to help you determine the best option for your company. Name and register your company: Select an appropriate trading name to register your IT business in Dubai with the respective authority. Department of Economic Development (DED) is the competent authority for mainland company registration. You will need to provide information about your business, including its name, location, and type of activity. Obtain a license Depending on the type of software you want to offer; you may need to obtain a license from the Dubai Creative Clusters Authority (DCCA) or the Dubai Silicon Oasis Authority (DSOA). Get necessary permits and visas Obtain any necessary permits and visas for your employees, including work visas, residency visas, and trade licenses. Set up your office: Choose a suitable location for your office and set up your physical infrastructure, such as computers, telecommunication systems, and software. Hire employees: Recruit employees, including software developers, designers, and support staff, as needed. Establish your brand: Develop a brand for your company and create a marketing strategy to promote your software products or services. Launch your software or IT products Pitch your software products or services and start generating revenue. It’s important to note that the process of starting a software company in Dubai may vary depending on your specific business and circumstances. It is recommended to seek professional advice from a reputed local business consultant or one of the best corporate service providers in Dubai like Tycoon Documents to ensure you are following the procedure in line with the UAE regulations . Documents Required for Software Company Setup in Dubai Mainland To set up a software company in Dubai, you will need the following documents: Business plan: This outlines the purpose and goals of your software company,

Dubai

How to Setup a Business in Dubai:FreeZones,Mainland and Offshore

Dubai, News / tycoondocument / July 12, 2024 / business formation in dubai, business setup, business setup companies in dubai, business setup in uae, company formation companies in dubai, freezone company setup, online business in dubai, open company in dubai free zone, uae business registration

Business Setup in Dubai Stop Dreaming ,Start Your Business in Dubai Company Formation in Dubai: At a Glance Dubai has emerged as a highly desirable destination for businesses worldwide. It has played a pivotal role in the growth of some of the most prominent business firms globally. The federal laws in the United Arab Emirates have created a favorable environment for starting businesses, making Dubai an optimal choice for anyone aspiring to achieve significant success in the business world. 100%Ownership Access to International Markets Huge Tax Benefits Safe and robust governance No physical office requirements The city boasts well-developed and superior infrastructure, offering an ideal atmosphere for businesses to thrive. With regulations that facilitate unlimited business activities, no currency restrictions, the flexibility to operate from any part of the UAE, streamlined processing of employment visas, and no limits on the number of visas, Dubai’s mainland stands out as a preferred location for business setup. Tycoons provide comprehensive services for mainland company formation in Dubai, ensuring a straightforward and efficient setup process. For those preferring greater operational independence and specific incentives, establishing a business in one of Dubai’s 50 free zones is an excellent option. Tycoons’ business setup consultants guide clients through selecting the optimal free zone, obtaining necessary licenses, setting up office space, registering trademarks, and managing accounting services, ensuring a seamless setup process in free zones like Dubai Silicon Oasis and Shams free zone. Entrepreneurs seeking international reach and tax advantages can explore offshore business setup opportunities in Dubai. Tycoons facilitate offshore company formation, providing support across mainland, free zone, and offshore setups. They manage documentation, application processing, and ensure compliance with regulatory requirements, all at competitive costs. The cost of starting a business in Dubai varies based on factors such as company type, license type, visa requirements, and location. Tycoons offer affordable business setup packages tailored for both free zones and mainland areas, addressing needs from office rentals to visa processing and beyond. Tycoons’ business setup services in Dubai encompass comprehensive support, including licensing, bank account opening, trademark registration, and more. Their expertise ensures smooth handling of the intricate procedures involved in obtaining business licenses and visas, with meticulous attention to detail to avoid delays or rejections. Whether it’s mainland, free zone, or offshore business setup, Tycoons Business Setup Consultants in Dubai deliver impeccable services, making the dream of establishing a business in the UAE a reality. Their commitment to client success and efficient service delivery makes them a trusted partner for businesses navigating the complexities of starting operations in Dubai. Name Email Message Send [optin-monster slug=””][optin-monster slug=””] Mainland Freezone Offshore Mainland companies are licensed by the Department of Economic Development (DED) of the respective emirate. They can operate both within and outside the UAE. Local Market Access: Mainland companies can do business anywhere in the UAE, including the local market. Office Location: Flexibility to open an office anywhere in the UAE. Business Activities: No restrictions on the types of business activities. Government Contracts: Eligibility to bid for government projects and contracts. Local Sponsorship : Not Mandatory for all Business Freezone companies are established in designated areas that offer specific economic benefits. Full Ownership: 100% foreign ownership is allowed. Tax Benefits: Often enjoy tax exemptions, such as no personal or corporate income taxes. Repatriation: 100% repatriation of capital and profits. Simplified Procedures: Easier and faster company setup procedures. Customs Duty Benefits: Exemption from import and export duties within the freezone. Specific Activities: Some freezones are specialized and restrict the type of business activities. Offshore companies are set up for international business operations outside the UAE. Full Ownership: 100% foreign ownership is allowed. Privacy: High level of confidentiality and privacy. Tax Benefits: No taxes on income earned outside the UAE. Cost-Effective: Lower setup and operating costs. No Physical Presence: Cannot have a physical office in the UAE or conduct business within the UAE. Restrictions: Limited to international business activities, primarily for holding, asset protection, and international trading. Things You Should Know TO SETUP BUSINESS IN DUBAI Steps Requirements Documents Steps Confirm the location, where you want to establish the business. Decide the jurisdiction, i.e. Mainland, Free Zone, or Offshore. Get a reliable local sponsor.( If you need,100% Ownership allowed) Fix a trading name and obtain approval. Formulate the legal structure of the business. Obtain additional approvals from ministries and departments, as required. Prepare all the documents necessary for the license. Apply in the defined format for a business license. Apply for Visa and Emirate ID Apply for Corporate Bank Account Requirements A commercial License is necessary for carrying out commercial activities including real estate, trading, construction business etcetera. An industrial license authorizes you to mold, manufacture, assemble, and other production processes. Professionals such as artisans, and tutors need to possess a professional license to establish a professional business in Abu Dhabi. A tourism license is required for undertaking travel and tourism businesses. This type of license is further subdivided according to the area of operation. The individuals, who are envisioning to use their intellect in business must obtain an occupational license Documents Passport copies Visa copies NOC Proof of address MoA and AoA Trade name reservation Passport sized photos Relevant permits and approvals Dubai Freezone List Freezone Dubai Maritime City Dubai Commercity Dubai South Dubai World Trade Centre Dubai Design District Dubai Science Park International Humanitarian City Dubai Multi Commodities Centre Dubai Outsource City Dubai Silicon Oasis Dubai International Financial Centre Dubai Internet City Meydan Free Zone Dubai Healthcare City Dubai International Academic City Dubai Production City Dubai Studio City Dubai Media City Dubai Financial Services Authority (DFSA) Gold & Diamond Park DAFZ INDUSTRIAL PARK DUBAI AIRPORT FREEZONE Dubai Knowledge Park Dubai Auto Zone (DAZ) Jebel Ali Free Zone Expo City Dubai Frequently Asked Questions Here are answers to the most frequently asked questions. Can foreign nationals own 100% of a company in Dubai? Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland specific business company in Dubai, and across the UAE. Can foreign nationals register a company in

Dubai, News

Digital UAE: What Are ICP Smart Services?

The UAE leads in digital transformation, leveraging cutting-edge technologies to enhance government services and improve experiences for residents and visitors alike. Spearheaded by the Federal Authority for Identity and Citizenship (ICA), the UAE’s population registry and data security are managed efficiently.

Abu Dhabi, Ajman, Dubai, Sharjah, Umm Al Quwain

UAE declares new 10-year Blue visa

The UAE has reported a drawn-out residency for climate advocates. Called ‘Blue Residency’, the 10-year visa will be allowed to people who have made “remarkable commitments and endeavors” in safeguarding the climate. This covers sustainability initiatives both inside and outside the UAE. The Blue Residency will be allowed to allies of natural activity, including individuals from worldwide organizations, affiliations and non-legislative associations; worldwide honor champs; what’s more “recognized” activists and analysts in natural work. Eligible individuals have been invited to submit their applications through the Federal Authority for Identity, Citizenship, Customs, and Port Security. Relevant authorities can also nominate individuals for long-term residency. For more details call +971 47181918

Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Quwain

Dubai: For those whose flights were canceled due to rain, there are no fines for overstaying visas.

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If you overstay in the United Arab Emirates after your visa’s grace period or validity has expired, you will be fined 50 dirhams per day. However, a contact center representative for the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai explained that travelers whose departure flights were canceled between Tuesday, April 16, and Thursday, April 18, would not be charged an overstay penalty. A powerful rainstorm that struck the UAE on Tuesday, April 16, caused torrential rain, property damage, and disruptions to air traffic in Dubai. The rain was a historically significant weather occurrence that exceeds all records since 1949, prior to the United Arab Emirates’ founding in 1971. The runway at Dubai International Airport was flooded, forcing planes to crash through the water and keeping hundreds of travelers waiting in terminals.

Dubai