The UAE (especially Dubai) is the dream land of investors from all over the world, and every day many foreigners are landing in Dubai with business interests. The UAE government’s business circle warmly welcomes foreign investors there. The government offers benefits that may seem unbelievable to foreign nationals and expatriates who have business interests. It is worth mentioning the huge tax breaks; in today’s situation Dubai has a lot of potential for all kinds of businesses in the UAE. As it is a city where anyone can do business and succeed if they have the money to invest, confidence and little courage. Logistics business is perhaps one of the most futuristic and unavoidably essential businesses in the world today. The earning potential is very high; therefore many foreign investors are investing in logistics. You might be interested in logistics business and the following will useful for you.
If you have any business interest in logistics business in Dubai, or any emirate in UAE, don’t try to start it on your own. There are many business set up consultancies or platforms in UAE, seek help from such people, there are good service providers. They have a positive impact on all departments under the UAE Ministry of Commerce. After making a tie-up with any reliable business set up consultancy, hand over all the logistics business related documentations to them. If you pay them, a reasonable fee, they will take care of everything. If you try to start a business own your own, you will have to give up your business dreams half way due to many reasons. No one can start a business in the UAE, including Dubai, without the help of consultants who are constantly visiting the government offices for business set up in the UAE.
When you apply for a logistics license for a Dubai mainland company, you need to apply to the Department of Economic Development in Dubai with the help of a business set up consultancy, or the local equivalent if you choose to set up in another emirate. Along with that, you have to show complete obedience to the UAE government in every sense.
With the support of a selected business set up consultancy, every step of the company set up process can be handled on your behalf. Here, they will remove the hassles of company formation, reduce errors and delays and increase the chances of a successful license application.
Step 1. Choose your business activities.
You must acquire a clear understanding of the field you are going to deal with. Here you need to specify the area of logistics you are trading in and not just go into things without losing confidence. You will need to ensure that your chosen activity aligns with the list published by the Dubai Department of Economic Development (DED) to link with DED.
Step 2. Choosing your company name
The question of what is in a name is irrelevant (the name certainly has the significance in the UAE mainland). As part of step two, the business specialist will help you choose a suitable company name for your UAE mainland business. However, it is not that easy when choosing a company name in the UAE, you must follow strict naming conventions.
In short, you should avoid abusive or blasphemous language. Avoid the names of well-known firms, and avoid acronyms if you name your company after yourself. i.e. you need to check if the selected name is available for registration.
Step 3. Make your license application
This is the most crucial step and after helping your initial admin here, you are going to the most important step in the process. That is the process of applying for your UAE trade license, when applying to set up a mainland company, this application is made directly to the Dubai DED or the local equivalent if you choose to set up in another emirate. Through this relatively hassle-free process, you will be notified as soon as your license I approved and you are ready to trade.
Step 4. Preparing your visa applications
Like a trade license, there are other things that are important and there is a requirement to work. You also need to hold a residency visa to work in the UAE. Again, the business specialist can help you get this important document; always hold on to the consultancy. The visa application process has several steps including biometric scanning, medical and chest X-ray.
Being a UAE business license holder is also an endorsement because as such, you can also sponsor other people’s visas. This can be a spouse, parent, child or a domestic helper such as a house keeper. This is the exclusive right of the business license. The maximum number of visas you can apply for will depend on the size of your company, your chosen set up and your personal income for dependent visas.
Step 5. Opening a Corporate Bank Account
This is the last part of the process to start a logistics business in UAE. You need a corporate bank account to do business in the UAE. Here, not all transactions are possible as in the case of natives. Accessing banking services as a foreign investor is not always easy. However, the business specialist will take time to understand your needs before connecting you with a firm that can meet your needs.
Starting a logistics business has its own formalities, just like the start-ups needs of all types of businesses. You need to prove eligibility to get permission from the UAE Ministry of Commerce. Minimal documentation is required when applying to start a logistics business in Dubai, UAE. Do everything according to the guidance of the business specialist of your choice, for which you will have to pay as per the documentation specifications in the Ministry of Commerce Department.
A logistics business documentation process is relatively easy, but not to be taken lightly. One thing to note is that the UAE government’s rules and regulations must follow by the investor. In most cases of logistics business, you will only be asked to provide a completed license application form, a copy of your passport and any other share holders, and two color passport photos.
In some cases, you may need to submit a business plan; all that will be told to you by your business specialist who is well experienced in such matters and business consultant will contact the authorities before submitting your application to ensure that all your documents are present and correct. Your desire to start a logistics business in Dubai, or any other emirate will be easy if you go through all steps and process properly with the help of your business set up consultant.
Bizvise is a very reliable Business set up consultancy in UAE, including Dubai and their service is excellent, Bizvise provides first-class and dependable service that is unparalleled in every aspect.
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