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How to Set-up an Import and Export Business in Dubai
  • Article

How to Set-up an Import and Export Business in Dubai?

Dubai is one of the fastest growing economies and is an ideal hub to trade from all the corners of the world. One of the major businesses is the import export business in Dubai. During the past few years, Dubai import export business has been one of the most profitable businesses.

Great infrastructure along with the UAE’s position makes Dubai highly popular for import export business. Moreover, the Dubai government has stated providing eservices to the import and export companies in Dubai in order to help them function smoothly and efficiently. Guidelines for setting up an import-export business in Dubai can be found in this link.

 

Reasons for Setting up an Import Export Business in Dubai

An Import Export Business in Dubai can be hugely successful due to its Strategic Location as it is the gateway between the east and the west.

The Airports & Seaports of UAE are strategically located to access the international trade route and have world-class infrastructural and logistics facilities. The UAE is directly connected to more than 170 countries by Air, Land, and Sea routes.

The high level of supply and demand augurs well with the flourishing international trade in Dubai and other parts of Emirates. The UAE is rich in petrochemical and natural gas contributing to the majority of exports. There are huge requirements for global products in these regions constituting imports.

The diversified economy of the UAE government with many incentives for foreign investments attracted a large pool of investors across the globe and boosted infrastructure support, real estate, technology, fintech, and many other businesses and money flow.

So, let’s have a look at the procedure for setting up an import export business in Dubai.

 
Import Export License

Dubai import export business requires an import export license to function. The process to obtain a license is very simple and can be done online. However, if you are exporting or importing special or restricted goods then you need to acquire a special license from the Customs Office.

Import License is required to purchase or get commodities from outside the borders of UAE or from the foreign country or form any other province of Emirates by meeting all legal procedures, documentation, permissions, and terms of licensing. Anyone can become an importer by availing this license from the UAE license authority.

Export License is required when you want to trade in goods or services produced locally in some other country or among the free trade zone of UAE. If the goods are exported to any of the Free Trade Zones of the UAE, they are not subject to pay any customs duty. Although the Free Trade Zone is an integral part of UAE, it doesn’t come under the UAE Customs Territory.

 

How to open a Corporate Bank account in U.A.E.?  READ MORE

 
Registration with Customs

Apart from getting the import export license, you also need to register with the Customs Department. An import code from UAE customs is required to bring goods into UAE by sea or air. Commodities which pass through customs from a free zone to local market are liable for duty. Registering in Dubai Customs is unambiguous and can be done online although you will require a bunch of documents. Mirsal – 2 is the online declaration and clearing system of Dubai Custom. Therefore, all commodities imported or exported should pass through Customs office and will be checked whether they fall under the prohibited list or not.


Dubai Export Procedure

The exporter needs to go through the below steps:

  • The exporter has to submit the documents required at the Customs Office.
  • Export declaration registration fee is to be paid at the Customs Office.
  • Later, Customs declaration certificate is issued.

Documents Required for Export
  • The licensing agency in the country should give the company an approved Export Declaration Certificate or the Instructions of the Declaration of Goods Application (IDG). This is required for airport customs point of entry.
  • If commodity exported falls in the restricted list, the exporter should have a permit from the competent agencies.
  • A Sales invoice is required from the company which should provide the description of goods, quantity, and value of each item.An invoice should be addressed to the company outside UAE.

Dubai Import Procedure

The importer needs to go through the below steps:

  • Submit the original Bill of Lading and pay dues (if any) to the shipping agent as the vessel arrives. After this, the shipping agent will issue a Delivery Order.
  • All cargo clearance formalities should be completed before the expiry date of Delivery order. So keeping this in mind, the shipping agent will issue the Delivery order 3-4 days prior to the arrival of the vessel.
  • Now comes the time for Customs Clearance. The Import Declaration application is to be submitted online by logging in to Dubai Trade. The importer should make payment of customs duties and other fees online. The importer should procure consent if the commodities imported are restricted or have an exempt duty before filing the Customs Import Declaration.
  • Dubai Customs will authenticate the documents and may inspect goods before giving the possession of cargo to the importer.
  • After the container is discharged, the importer can then appoint a transport company to receive delivery of container/commodities.
  • As per the Customs Import Declaration, if any inspection is required then the container will be taken to the inspection area of the competent authority and only after getting the inspection clearance, the container will exit.

Documents Required for Import
  • Invoice mentioning the total quantity, goods description and total value of each item addressed to the importer.
  • Certificate of Origin stating the origin of goods approved by the country of origin’s Chamber of Commerce.
  • A document mentioning the detailed weight of each product in a container, method of how it is packed and the HS Code for all items is required.
  • Import Permit from the competent agencies if importer in importing restricted goods or duty exempted goods.

Dubai Import Export Business In a Free Zone

Dubai Import Export Business has a huge scope and you can avail the services of IMC Group if you are willing to set up an import export business in Dubai.

Though all UAE free zones are areas within the territory of the UAE but are considered outside the scope of the UAE customs territory. They have to follow certain conditions and requirements in order to conduct import export business in UAE free zone.

For Import Export Business between Free Zone and a Local Company – Importer should have an importer code and goods should be the same that is mentioned in the license of import export business in Dubai. Goods should reach the destination within 72 hours of the customs declaration. Goods have to be checked before entering the free trade zone.

For Import Export Business between Free Zone and a Foreign Company–Free zone license is free from the expenses of custom duties.

Free Zones are the ideal and most attractive locations to set up import-export business in Dubai providing several benefits as under

  • Fast and Easy Approval
  • Nil Customs Duty
  • Zero Tax
  • World-class Infrastructure100% Foreign Investment
  • Fast Business Setup
  • Customs Inspection on-premises
  • Warehousing Facilities
  • Easy access to Airports and Seaports
 

Products in Import Export Business in Dubai

The list of products allowed in the import-export business in Dubai are as follows-

  • Crude and refined petroleum is the most widely exported commodity
  • Diamonds, Gold, and other types of jewelry
  • Automobile and different types of transport equipment
  • Broadcasting and media equipment

UAE Trade Promotion Organizations


Dubai Export Development Corporation (EDC)

Established to provide exporters with the services they need to enter or expand into foreign markets, EDC is the promotional arm of the Dubai Economic Department. It aims to widen Dubai’s exporter base into unexplored or high-potential markets by supporting businesses that produce internationally competitive goods.


Export Credit Insurance Company of the Emirates (ECIE)

ECIE helps companies to increase their export businesses safely and securely. It provides trading organizations with the necessary protection against trade credit risks, allowing them to manage their commercial and political risks better, safe-guard their balance sheets and increase their profitability. ECIE offers short-term trade credit insurance policies to UAE firms engaged in manufacturing, value-added trading, and the export of services. These are tailored to protect against the risk of payment defaults by importing customers. Its partnerships with well-reputed organizations include Coface, the global expert in credit risk analysis and trade receivables management, Saudi Arabia-based Islamic Corporation for the Insurance of Investment and Export Credit; and Kuwait-based Arab Investment and Export Credit Guarantee Corporation.


UAE Trade Laws

  • Certificate of origin rules Draft Law
  • Competition Draft Law
  • Arbitration Draft Law

Conclusion

International trading or import-export Business in Dubai is the most lucrative avenue with all the available business infrastructure, import-export facilities, and logistics support in place.

The transport links to the international market, safe and secure shipment handling in large volume and efficient online customs clearance are promoting Dubai as the most preferred choice for opening a trading company in the Arabian Peninsula.

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When Why and How Should You Outsource Your Accounting Function
  • Article

When Why and How Should You Outsource Your Accounting Function

Smart business owners know that accurate and timely accounting is crucial for the smooth functioning of any business entity be it a start-up company, an SME or a conglomerate firm. Having said that, not every business owner is well-versed in the field of accounting. At times, it may even happen that as the business expands you may want to focus more on your core business activities than overlooking day-to-day bookkeeping functions. Would it not be a wise decision to outsource your accounting function then so your workforce can be solely devoted towards revenue-generating activities?

When Should You Outsource Your Accounting Function

Even if you possess the requisite professional skills to handle your financial processes, it would still demand a lot of manpower, time and energy to take care of your accounting functions. Proper documentation and management of processes like payroll, accounts receivable, accounts payable and taxation are crucial to determining where your business is heading.

When you choose to outsource your accounting function, it could mean:

  • As a business owner with little or no accounting knowledge, you would have a team of professional experts handling your finances for you.
  • As a newly incorporated SME, you won’t be required to invest in hiring an accountant or worry about recruiting accounting personnel for the department.
  • As an owner of a multinational company or a conglomerate firm, if you outsource your accounting functions to a team of experts with relevant expertise, you will save twice as much time and business resources.

Why Should You Outsource Your Accounting Function

Apart from saving a considerable amount of time and energy, the following are some of the benefits that you can get when you outsource your accounting:

  • No Risk of Employee Turnover: 

When you outsource your accounting you don’t have to worry about your top account executives leaving the job unexpectedly. You can be assured of the reliability of the team of professionals. 

  • Lower Employee Costs: 

When you outsource your accounting, you don’t have to spend costs on any benefit packages, training of the employees, and buying any software or equipment. You only pay the professionals for the services you want, which is much lower than expenses on individual employees. 

  • More Competitive Product Offering: 

When you have a team of experts handling your accounting function, you gain an access to accurate financial information anytime you want it. This can be extremely helpful when you want to take major business decisions on which your consumer base depends. 

  • Expert Accounting Advice for Your Perusal: 

Whether you are looking to expand your business, seeking investment opportunities or thinking of discontinuing some business operations, an experienced professional can assist you in your decision making based on hard facts and reports. They have the required knowledge developed over the years handling such scenarios for multiple companies and can use this knowledge to your advantage. 

  • Improved Accounting Compliance: 

There is no room for any mistakes whether it is for income tax filings, preparation of the financial statement or other statutory compliances. Going wrong here could mean facing litigation expenses that are certainly very exorbitant. Having a trained team of experts, you can put such worries to rest and have error-free reports according to the legal requirements. 

  • Improved Workload Management:

Your workforce can solely focus on creating a bright future for the company and leave the routine and administrative tasks of accounting to be outsourced.

If you are looking for company registration in Singapore, get in touch with us. If you are an already established firm, we also provide accounting services in Singapore. Schedule a consultation with us so we can assist you with your business needs.

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How to start your own taxi business in India
  • Article

How to start your own taxi business in India?

The taxi or cab market in India has become so competitive and attractive that a majority of people prefer leaving their cars at home and use a taxi. As the fuel prices have been rising, there is always a shortage of public transportation. Getting into this sector is a good idea, considering that it is a typically vendor-driven market and doesn’t have huge entry barriers.

So here are some points that you should keep in mind while setting up a taxi business.

What is the Market Scope?

Though there are hundreds of players in the market, the good news is that this sector is welcoming to the newcomers. But before stepping in, you must make sure that you have something new to offer or have a niche and come up with a robust value proposition. Data shows that the taxi fares have gone up by 25% in the recent past in India. And the business scope is more profitable in the urban areas as compared to rural or semi-urban areas.

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Setting up a Yoga Studio in the UAE
  • Article

Setting up a Yoga Studio in the UAE

Yoga, which is an ancient practice, is practiced and followed now by millions of people all across the world. It doesn’t come as a surprise that yoga is now very popular in the UAE too and hence, this poses as an opportunity to start a new business here.

But why only yoga?

UAE is a nation that is working towards holistic development and well-being for its citizens. The UAE government has come up with a new concept – a Minister of Happiness recently and campaigns promoting healthy lifestyle are offered to encourage overall health and good quality of life. The demand for this holistic practice has been growing in the UAE and thus it also shows that there is a need to increase the supply.

But before starting any business, it’s important to be sure of what you want to do and why. A UAE-based businessman David Haddad has come up with the steps to assist you to move from an idea stage to setting up a successful business.

Seven Steps to move your idea to a great business

  1. Be sure of your concept/idea:
    Having an idea isn’t enough. You have to be sure that there is enough demand for what you are planning to offer. For example, if you are thinking of starting a yoga studio, you will have to find out if there is the market for it and if there are customers who would want another yoga studio. What is the differentiating thing you are offering?
  2.  Confirm the solution you are offering:

So you are sure of your idea of opening a yoga studio, but how will you be sure that your solution is the best? Outline your concept; take suggestions from your well-wishers and then see where you stand.

  1. Think what your potential customers would want

The next step is to find ways to entice your possible customers. Think of how you can propagate about your yoga studio. Brochures, cross-promotion, social media?

  1. Check your skill-set:

Assess your skills now – do you have the skills to open or set up a yoga studio? You may be a good yoga instructor, but do you have entrepreneurial skills? Could you need someone else to help you plan and build a brand and set up your studio?

  1. Set your targets:

Make a proper plan for setting up your studio. Be it when and how you will make a website for your brand etc, your plan ahead for next few months?

  1. Work on setting up your business (yoga studio):

Take the steps to set up your studio. Start with finding a good location, find partners if you want or hire contractors. Build a website and make your presence felt on social media.

  1. Lastly, work on your quality to retain your clients:

You would have heard this one – it’s cheaper to bring a customer back than to find a new one. You can do the following to retain customers:

  • Offer good Customer service
  • Give loyalty programmes
  • Try upselling
  • Some considerate gestures


But what is the procedure to set up a yoga business in the UAE?

You could set up your company/yoga studio as a Limited Liability Company (LLC), which is one of the most popular and common types of business entity you can establish in the UAE. Choosing an LLC will allow you a larger scope to do business and also a chance in the future ahead to set up more studios or branches in Dubai, Abu Dhabi or other parts of UAE.

As per the law in the GCC region, one or more local partners should have an ownership of at least 51% of the total shares in an LLC. This means that a foreign investor cannot own more than 49% of a particular business. You could consider partnering with some professional local partnership organization or specialist.

If you are thinking of setting up a yoga center in the UAE, it is necessary to get two approvals – one from the Youth and Sports Welfare and another from the Ministry of Public Health. Make sure to choose the correct local partner to help you. So if you are thinking of company registration in Dubai, get in touch with us. Our trained and professional experts at IMC can not only help you with all the steps in setting up your yoga studio but will also advise you about the particular guidelines you need to follow so that you establish a compliant yoga studio.

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Guidelines Introduced by New National Wages Council 2018 / 2019
  • Article

Guidelines Introduced by New National Wages Council 2018 / 2019

Global growth is expected to improve in 2018 backed by higher growth in emerging markets and in the United States. However, trade tensions and concerns over protectionist actions could have a negative impact on international trade and global growth. In Singapore, the economy grew by 3.6 per cent which is an increase from 2.4 per cent in the year 2016. Sectors such as electronics and transportation are expected to do well, whereas those like offshore engineering and construction are expected to face headwinds. Overall, Singapore’s economy is expected to grow by 2.5 to 3.5 per cent.

The New National Wages Council (“NWC”) has recommended a set of wage guidelines for 2018/2019. These include:

Wage Recommendation for All Workers

The NWC re-establishes the principle that the increase in the wages should be fair and sustainable after taking into account the varied business conditions, the economic outlook across sectors and firms, and the productivity growth. The firms’ business prospects should mirror the increase in built-in wages whereas variable payments should reflect the workers’ contributions and the firms’ performance.

Wage Recommendation for Low-Wage Workers

The NWS is of the belief that it is beneficial to continue to provide quantitative guidelines for low-wage workers. It also believes that the basic wage threshold should be increased from $1,200 to $1,300. Additionally, NWC also encourages companies that have achieved productivity improvements in the year 2017 to provide an additional one-off special payment of $300 to $600, in a lump sum or over several payments, to low-wage workers who earn a basic wage of up to $1,300 per month.

Low-Wage Workers in Outsourced Work

The NWC recommended that the experience and performance of the outsourced workers to be taken into account by the service buyers and service providers when employment contracts are renewed or offered. This would help in avoiding the reset of wages and benefits for such outsourced workers who performed the same job functions when service providers are changed. In addition to this, the NWC also urged the service buyers and service providers to ensure adequate training and improving the employment terms of the outsourced workers by working together.

Employment of Older Workers and Back-to-work Women

The NWC has extended the Special Employment Credit (SEC) until 2019 to support employers hiring older Singaporean workers. The employers hiring Singaporeans aged 55 and above and earning up to $4,000 per month will be provided wage offsets of up to 11%. To recruit and retain back-to-work women as a valued source of talent and manpower, the NWC also encourages the employers to implement family-friendly workplace practices and flexible work arrangements.

 

Application of Guidelines

The NWC guidelines cover the period from 1 July 2018 to 30 June 2019. The guidelines apply to all employees – professionals, executives, management, and rank-and-file employees. They also cover unionised and non-unionised companies in private as well as public sectors. The recommendations apply to re-employed workers as well.

The NWC noted that the employers should share company wage information, business prospects and performance with the unions to facilitate wage negotiation. It further encourages the employers to address any issues faced by them by working with the employers’ association and unions.

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Process of registering a company as a Private Limited in India
  • Article

Process of registering a company as a Private Limited in India

Thinking of registering your enterprise, but do you worry about complying with all the legal guidelines? It’s not easy for new entrepreneurs to set up and launch their enterprise and also take care of the legal procedures concerning the incorporation of your company. We, at IMC, provide you expert services and solutions by registering your company at reasonable prices and also within a short turn-around time.

What are the steps to register a company as a Private Limited?

So the following four simple steps ensure you a flawless process for Private Limited company formation in India. Let’s see what these are

 

 
 
1.       Applying for Digital Signature Certificate (DSC)

The first step is to get Digital Signature Certificates of all the concerned people in this private limited company. You have to first fill the complete e-form available on the MCA portal as per the process prescribed by the Ministry along with all other applications. DSC is issued in a token form, which is valid for about a couple of years.

The personnel involved in the company are Subscribers and Directors for the proposed company. The Subscriber is the promoter of the company and proposed shareholders. The said shareholders are required to file e-MOA and e-AOA by affixing DSCs whereas the proposed directors have to obtain DIN by filling an online application.

Which documents are needed for getting Digital Signature Certificate?
  • Applicant’s passport size photograph
  • Self-attested address proof
  • Self-attested PAN card copy
2. Get a Director Identification Number

Director Identification Number or DIN is basically a unique number, which is assigned to the applicant and allotted for a lifetime by the Ministry of Corporate Affairs. This number is valid until it is either surrendered by the applicant or is withdrawn by the relevant authorities.

The new company’s directors have to intimate the DIN when they incorporate their company. Therefore, getting a DIN is obligatory to be appointed as a director of a company. This number could also be used for appointment as a Designated Partner in an LLP.

Which documents are needed for applying for a DIN?
  • Applicant’s passport size photograph
  • Self-attested address proof of the applicant
  • Self-attested PAN card copy of the applicant
3.  Reserving a name for the company

It is necessary to reserve an appropriate name for your new company before filing an application for its incorporation and registration. The application for reserving the name of your Private Limited Company is made by filling the e-Form INC – 1 along with paying the required fee. One application can have a maximum of six probable names along with its significance and in the order of your preference. The Registrar has 100% discretion in approving the name application.

The name should:

  • Be easy to remember and with a simple spelling
  • Provide a distinct identity to that company
  • Be short and simple
  • Not have any word which is opposed to public policy or is prohibited
  • Not infringe any registered Trademark or should not be identical to any existing company or registered LLP

After the application is approved, the registrar reserves the finally selected name for about a 60-day period. Now, the requisite professional guides the promoters to apply for incorporation of the new company within this prescribed period of 60 days. If the company fails to do so, the reserved name would lapse and then a completely new application will have to be filled.

4. Incorporation Certificate

After the name of your company has been reserved, the next step is to apply for issuing a Certificate of Incorporation. The application for online registration needs to be done by submitting the Simplified Proforma for Incorporating Company Electronically or SPICe forms online.


MoA & AoA drafting procedure

MoA and AoA are basically charter documents needed for registering a Private Limited Company. MoA means Memorandum of Association and AoA stands for Articles of Association.

MoA lists the detailed scope of functions and operations of the company by stating the object and various activities it will perform. Whereas, the AoA details the manner in which the company’s operations and administration will be undertaken.

These documents should also be filed in SPICe forms coupled with the company formation and registration applications. The payment to MoA and AoA is made by attaching the DSCs of subscribers in the online form.

Which documents need to be attached with the application?
  • NOC and a copy of the Utility Bill from the owner for the company’s registered official address;
  • Rental Agreement of the new registered office along with the rent receipts, in case the office is rented;
  • Consent to act as a director by filling the form DIR – 2;
  • Affidavit and declaration by first director(s) and first subscriber(s) in the form INC – 9 (duly notarized);
  • Self-attested identity proof of the first subscriber(s) and director(s).
  • The application has to be submitted along with the prescribed government fee and stamp duty as per the state. The PAN and TN number generation application is also processed along with this application.
  • Once the Registrar is satisfied, the Certificate of Incorporation is issued with his seal and signature.

So once you get a Certificate of Incorporation, you also need to getGST registration in India and then your Private Limited Company is ready to start its business activities and operations.

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VAT Refund Procedure For Tourists Visiting UAE
  • Article, U.A.E

VAT Refund Procedure For Tourists Visiting UAE

UAE’s Federal Tax Authority (FTA) is taking steps to allow tourists visiting UAE to claim a refund of 5% Value Added Tax (VAT) they pay whilst visiting the country. The authority’s decision to implement a system that returns VAT to tourists will upgrade UAE’s status as a premier global tourist destination. The system is set to go live in the fourth quarter of 2018. It will apply on all the purchases made by tourists at “participating retailers”.

While departing from UAE, a tourist can claim all the taxes that they have paid on their purchases in the country. The process is simple, accurate, quick and moreover fully automated with no human involvement.

VAT Refund Scheme for UAE

To make it easy for tourists to claim VAT refunds before exiting the country, FTA is installing self-service kiosks in major shopping malls, hotels, and all UAE entry and exit points.

The VAT refund scheme in the UAE enables eligible tourists to receive a portion of the VAT as a refund for products purchased at registered stores. The VAT amount can be claimed through an electronic system at designated spaces without human interaction. Once you submit the required documents, the digital system determines whether the taxes are eligible for a refund. If yes, the tourist is reimbursed via cash or credit card.

Only retailers registered in the “Tax Refund for Tourists Scheme” and connected to the system can offer refunds to eligible tourists. Are you wondering how to claim a VAT refund in the UAE as a tourist? Let’s find out how travelers can get back the VAT charged on their purchases.

Requirements to claim VAT refund for Tourists

  • Sales receipt has a tax refund tag attached to the back
  • Purchased goods (Please visit the validation desks before checking in your luggage and present your goods to validation staff.)
  • Passport
  • Boarding pass
This process can be completed either at self-service kiosks or tax refund offices at exit ports all over the UAE. Upon completion, you will receive 85% of the tax amount paid, and the deduction of AED 4.80 will be made per validated tax-free tag.

Who is eligible for VAT refunds for tourists?

To be eligible for a VAT refund scheme in the UAE, travelling tourists must belong to the following categories. Not all tourists can reclaim VAT on their purchases:

  • GCC nationals
  • Travelers aged 18+ who are not UAE residents
  • Individuals not part of the flight crew for departures from the UAE.
FAQ’s on VAT Refund in the UAE :

1. How can tourist track their VAT refund in the UAE?

Tourists can track their VAT refund status through the Planet Shopper Portal. Once a purchase is made, a link will be sent through SMS. The link provides access to all app features.

2. What is tax-free shopping?

Tax-free shopping in the UAE allows individuals to purchase certain taxable items that will be exported, subject to specific terms and conditions. When shoppers validate their purchases at the point of exit, they can receive a refund of the VAT charged on those goods.

3. When is it possible to request a refund for the tags that have already been validated for export?

According to FTA, refunds for tags validated for export can be claimed within one year of validation.

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Beauty Salon License in Dubai
  • Article, U.A.E

Beauty Salon License in Dubai

Deciding to obtain a beauty salon license in Dubai and starting your own beauty salon is a great idea. People will always be in need of beauty treatments which ensures your business will never suffer and you will generate revenue at a good pace. However, there are some basic beauty salon requirements in Dubai that an entrepreneur needs to follow for smooth set up of his / her business. Let’s look at them.

Beauty Salon Requirements in Dubai

  • The planning department of Dubai Municipality must approve the location of the beauty salon.
  • There must be a signboard placed in front of the beauty salon.
  • The lighting used in the salon must be sufficient and the furniture used must be clean and proper.
  • As far as dressing chairs are concerned, they should meet the specific size of 3.0m wide x 3.5m length and strictly must not be less than that.
  • The height between the ceiling and the floor of the beauty salon must be more than 2.30m.
  • There must be a separate area designated for beauty treatments like a pedicure, manicure, hair removing, and henna designing. The size of each such area must be more than 2.50m x 1.50m with a proper partition.
  • There must be a wash basin near the area for facial treatments.
  • Fireproof materials must be made use of for preparation area for hair removing materials.
  • The beauty salon must necessarily have a water heater in place.
  • There must be cupboards and drawers to keep cosmetics and towels.


Basics to Consider for Opening a Salon in Dubai

Before you decide to obtain a beauty salon license in Dubai, it is important you are clear on the basics before you make that decision.

  • Type of Salon: Decide on whether you need a hair salon only or would you also be providing additional services like manicures, pedicures, hair straitening, and so on. Next, decide if you are looking to cater to a specific demographic. For example, a men’s only salon or a women’s salon.

  • Salon Business Options: Consider whether you want to build your own salon from scratch or you wish to buy a hair salon franchise or buy an already functioning salon. Decide the legal structure – whether you want to own it or become a partner in the business.

  • License and Permits: Make sure you have all the local permits and licenses like a basic business license, no objection certificate, and other such important certifications that are necessary for smooth conduct of your business. Be aware of the laws and regulations and it is also wise to invest in a good insurance policy that can protect your business against lawsuits.

 

  • Finances: Estimate your preliminary costs before you begin your business and plan how to would be securing the finances for your salon’s business and its expansion at a later stage.

 

  • Location Hunting: If you plan to run your beauty salon from your residential premises, you need permission from the Dubai Economic Development Department. If not, you can look to set up your business in an affordable location.

Get in touch with us if you are looking to set up your business in Dubai. We look forward to hearing from you.

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How to Open a Travel Agency in UAE
  • Article

How to Open a Travel Agency in UAE?

Favourable climate, wonderful coast, architectural monuments, eye-catching buildings, high standard of living makes Dubai one of the Top 10 tourism destinations in the world and attracts the business of travel agency. Especially with the announcement of World Expo 2020, there is a boost in the tourism sector.

So, let’s have a look at how as an individual or company, you can commence a travel agency in the UAE.

 
Steps on How to Open a Travel Agency in UAE
Obtaining a License
The primary step is to obtain a license in order to operate a travel agency in UAE. There are largely three types of license –

  • Inbound Tour Operator – offers tour packages within UAE and services relating to VISA matters, even includes exhibitions and conferences.
  • Outbound Tour Operator – offers tour packages and vacations outside Emirates, even includes exhibitions and conferences.
  • Travel Agent – offers selling of air tickets, visa support services, accommodation to the tourist, transport services and tours.

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All you need to know about Incorporating a Singapore Company
  • Article, Singapore

All you need to know about Incorporating a Singapore Company

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