To establish any business in Dubai, a license is the most important thing. The licenses are issued by the Dubai Economic Department depending upon the nature of business. They are of three types:
- Commercial licenses - that are required for any kind of trading.
- Professional licenses - that are required by professional service providers such as, craftsmen and skilled labor etc.
- Industrial licenses – that are needed for establishing any industrial or manufacturing operation.
There are more detailed laws that apply to businesses engaged in oil or gas production. Jewelry and insurance businesses require financial guarantee issued by a bank based in Dubai.
INVESTOR RIGHTS & PROTECTION
According to the UAE law for establishing a Limited Liability Company in Dubai, at least 51% of the total shares in the company should be of a UAE citizenship holder.
We at Shuraa make sure that the investors are fully protected. In order to safe guard their shares; our lawyer prepares Investor Protection Contracts namely SIDE & SERVICE Agreements, which are legally valid in the court along with the signature of two witnesses, in case of any dispute between the investor and the local partner.
The above said contracts are duly signed by both the investor and the local partner and are witnessed by two different parties from each side.
The Side agreement clearly mentions that the investor is the 100% owner in the company. He has all the rights and will be responsible for all the profit and loss incurred by the company. And he shall have all the operating rights for the company’s bank account, any bank facilities, cheque issuance and all other company operational activities without any interference of the local partner.
The Service agreement clearly states that the Shuraa assists the investor to setup a company in UAE. Shuraa not only becomes your local partner but also provides all services to support your business, necessary approvals from Dubai Economic Department, Dubai labor department, work permits, residence visa’s etc all will be provided by us in accomplice with the respective government departments.
Also, Shuraa provides a Power of Attorney to change the local partner anytime the Investor wishes.
Shuraa Management & Consultancy LLC licensing services include local sponsorship, economic department licensing fee, company name registration and the entire collection of document clearance services required to complete a new / renew licensing procedure. You have the independence to add any further items to your package, such as a business address for licensing, investor visa processing and serviced office space, PRO (Public Relation Officer) service, Dubai business setup, Dubai trade license, Dubai offshore company, Dubai trade license renewal, Dubai Free Zone Company and much more.
Shuraa Management & Consultancy LLC can provide information all about trade License in Dubai and all over UAE. The Trade License in the United Arab Emirates is well equipped with all the amenities, facilities and communication infrastructure required to set up a business. United Arab Emirates is a strategic location for international trade. Since its inception as a federal state the government had opened up the economy for the foreign investors and global traders.
Shuraa Management & Consultancy help you to get a new / renew licenses in Dubai Economic Department and Free Trade Zones in Dubai, UAE. Our Services including Dubai LLC Licenses (Limited Liability Company License), Professional Licenses, Commercial Licenses, Industrial / Manufacturing Licenses, General Trading Licenses, Public Shareholding Company, Private Shareholding Company, Incentives to Investors in Dubai, Free trade zones, types of license issued In UAE free trade zones, branch of a foreign company and international taxation, special reference to incorporation in UAE free , trade zones and profile of free zones at a glance.
