When registering a company, you have to follow some steps. These steps decide whether you will get the license or not since an error in any of the steps can cause rejection of the application. The steps are as follows-

The structure of your company will decide where it can operate and the types of activities it can uptake. There are Commercial companies, Civil companies and Free Zone entities.

• Sole proprietorship- A sole proprietorship can be owned only by a single person. The owner has complete authority and complete ownership when it comes to the company. A sole proprietorship of the professional kind may be held by anybody of any nationality, however only citizens of the UAE or the GCC may possess a sole proprietorship of the industrial or commercial variety.
• General Partnership- A general partnership is created when two or more UAE nationals who are jointly liable for the partnership’s debts come together. A partnership stake may not be transferred without the approval of all partners.
• Limited Liability Company- An LLC may have up to 50 shareholders. Every shareholder is responsible for their shares of the company. The shares are transferred to the heir after his or her death. They must appoint 1-5 managers.
• Representative office- Branch offices are a part of the parent company and have the same name as their parent company. A branch office and a representative office are different entities. Foreign enterprises can open representative offices in the UAE to promote the company, however they cannot do sales in the Emirates.
• Public Joint Stock Company-  Public Joint Stock companies include those engaged in banking, insurance, or financial operations. They are appropriate for major operations or projects. The majority of the significant power holders must be nationals of the UAE. Profit distribution is less flexible. 25% or more of the shares must be made available to the general public. A minimum of 10 founding members are required, and a board of directors with a term limit of three years should be in charge of running the organization.
• Private Shareholding Company- A private shareholding company may be formed for any kind of business or industry. Its formation requires the presence of three UAE citizens or citizens of the GCC, or more. They can go public two years or more after their founding. The company must select a manager.

• Service Companies
• Speculative Venture Partnership
• Mudaraba Companies

They maybe of 3 types-

• • Free Zone Establishment (Single Shareholder)
  • Free Zone Company (Multiple Shareholders)
  • Branch of a foreign company

After you have figured out what type of entity you want to establish, find a name for it. The name should not mention any offensive or rude word and ensure that the name is not already taken. The name should also not have any abbreviations. 

Decide where you want to do your business. Choose whether you want a freezone, offshore or mainland setup. The area choices may differ depending on the activity you have decided to do. The area you choose decides where you can trade.

• Passport-size photograph
• Application Form
• Passport copies
• Tourist Visa
• Ejari Number ( verification of business space agreement/contract)
• External documents of approvals, if any.

Obtain external approvals and approval from concerned authorities. If you want to establish a mainland company then you will need an approval from DED and if it is a freezone company then approval from local authorities will be required. Submit the documents and fill the form.

Open a bank account by selecting a bank that suits the best to your business needs. 

You can follow the procedures and obtain the visa you require. The visa depends on a variety of factors including your profession and whether you are in the emirates while applying or not.The applications are processed within 3 to 5 days. But these are done only after approvals from the concerned authorities.

 The United Arab Emirates now allows the people to apply for their company setup online. These services allow you to apply for license, NOCs and approval requests.This way you can manage everything at one convenient place.

In order to give every person with a company in Dubai the best chance for success, upholding the Emirate’s laws and regulations is a crucial aspect of the local authorities’ responsibility. Dubai therefore has a strong compliance structure to guarantee that the operations of all the concerned authorities adhere to national and international laws, rules.

Setting up a business in Dubai is a dream for many people. But due to the company setup procedures, many people make mistakes and have to repeat the entire process again. This can be cumbersome. This is where Projectfrpjsc steps in. We take care of each and every step of your business setup. We take care of the hard work so that you can take care of the more important and interesting parts of your business. 

Our experts are experienced in their fields and have worked at some of the top organizations in their fields before joining us. Let us help you. Book and appointment with us today and get started now!

Dubai is said ‘The City of Gold because it is growing as an international market of Gold & Jewellery very rapidly. People come from all over the world to buy gold and trade in gold because they trust the gold they buy in the city. The quality and purity of gold here are tested and maintained under strict rules, regulations, restrictions, and supervision. If any vendor is found guilty of selling low-grade gold and not following guidelines then he can be penalized up to 2 crores with 2 years of imprisonment.

Gold is much cheaper here as compared with any other place in the entire world & the reason behind it is that Dubai imports raw gold from South Africa and makes jewelry here and marks its stamp on the jewelry created here. Dubai achieved 1200-tone gold in trade last year.

India & China are the major buyers of gold jewelry from Dubai. As Indians are in a good ratio residing in Dubai, they are the major buyers of gold jewelry because of the traditions of wearing gold jewellery on special occasions and weddings. After India, there are China, Pakistan, Britain, Saudi Arabia Oman & Canada are the major buyers of gold from Dubai.

According to a survey, Dubai achieved 29% of the gold trade worldwide in 2021.The gold sector here is so developed and huge that 4086 companies are working in this sector at present. Dubai sold gold worth more than 5 lakh 52 thousand cr last year. Gold is cheap here because only 5% vat is applicable on gold and tourists can claim a VAT refund also.

Dubai Gold Souk is a traditional & vast market here which is the largest gold and jewelry market in the world. It has more than one thousand shops. People can find all the latest designs from all over the world. There are more than three hundred retailers here who are dealing with a huge range of jewelry starting from a very economic range to the most expensive and luxury range of jewelry which cannot be found in any other place but only in Dubai Gold Souk.

Here are the reasons to start jewellery business in Dubai.

• 1. Strategic location: Its strategic location which connects the eastern &western continents is always beneficial for attracting foreign investors to invest in the city.
• 2. Quality of Metals & Precious Stones: In Dubai, no one can violate the rules and cannot compromise the quality of metals & precious stones because of its strong legal system. There are strict punishments for such offenses.
• 3. Safety & Security: UAE is one of the safest countries to do business in because of its safe environment. There are no chances of fraud, theft, or robberies here because of its strong surveillance and security system.
• 4. Free Zone Benefits: You can get 100% ownership of your business in Free Zone which allows you to get maximum benefits for your business.
• 5. Tax Exemption: There is only 5% VAT payable on jewelry business in Dubai which can be claimed.
• 6. Favorable Government Policies: UAE Government has proposed an FTA which abolishes import duties in the UAE on the export of Gold, jewelry, and precious stones. The FTA supports the thriving growth of the gold & jewelry industry.

In the ‘City of Gold, To start jewellery business in Dubai would not require a second thought.

Before setting up the jewellery business in Dubai then there has to be clarity regarding the nature of the business. Whether you want to go to retail, wholesale, or import & export, this has to be chosen wisely before investing in it.

The process of starting a jewelry business in Dubai comprises many requirements which we will discuss in the next steps-

Along with the registration of the company name, choose the location of the
company to start up is also a must. The registration of the company can be done under Free Zone or mainland regions.

If you choose the free zone for company registration in Dubai, then there is a free zone called Gold & Diamond Park (DGDP) which is the ocean of all precious metals, gems & jewelry. Entrepreneurs starting up in this free zone get multiple benefits and opportunities to earn and grow their businesses. It is the biggest free zone in UAE specifically for the gold, precious stones, and jewelry sector. Setting up a business here is hassle-free and beneficial due to tax benefits, 100% ownership, excellent connectivity, and astonishing infrastructure. This free zone is an extension of the “Jebel Ali Free Zone”, which issues trade licenses to investors in Dubai Gold and Diamond Park.

If you choose Dubai mainland for company registration then Gold Souk is the
famous location for jewelry trading in mainland regions. Tourists and investors
from across the world flock here to shop or trade in gold. Company registration includes brand name registration and submission of documents required for company setup like passport, residence proof, NOC certificate, rent agreement copy, etc.

After the completion of the registration process, the second step is to get a license from authorities for gold & jewelry trading. Below are things that need to be followed while applying for a license.

First of all, choose the location where you want to go for a business start up- Free Zone or Mainland. If you choose a free zone to get the maximum profit of your business revenue then chose a free zone that is specifically for the jewelry businesses because every free zone is dedicated to a specific industry.

After choosing the correct location applies for the license for that specific region. This will help you to get the benefits of the policies which are specifically for the upliftment of that particular industry in a specific

There are two business channels for a jewellery business in Dubai. First is DED (Dept of Economic Development) & DMCC (Dubai Multi Commodities Centre). D-DED License allows investors to invest in Gold Souk Market. DMCC License allows investors to open a jewelry business in a free zone.

After selecting the location & business structure the next step is to submit the required documents along with the application form to DMCC or D-DED. These documents contain address proof of shareholders and directors, Passport copies, Approval of business name, MOA (Memorandum of Association) & AOA (Articles of Association).

After getting a license the last step is to apply for a visa. The trade license zone helps to get a residency visa to live & work in Dubai. After getting your visa you can sponsor your staff and dependents to get their visas.

Hence, there is no other destination that is as profitable as Dubai in the Gold & Jewellery industry. The UAE Government supports and benefits the Industry by providing the entrepreneurs all the ease and flexibility to start and run the business smoothly. Here in Dubai, there is no fear of fraud or ill practices because of the great and strict legal system.

We as prudent & proficient Business Setup Consultants, let your aspirations become bona fide. We have been serving in this domain for more than 10 years and have picked up a good deal of expertise along the way. We have achieved more than 15k Business start-ups with clients from 164 countries.

If you are a visionary entrepreneur and have ambitions to achieve much more by starting a business in Dubai, then you just have to contact Projectfrpjsc and forget all the worries and hassles. We will provide all the guidance, and advice and will not only show you the path but also will make you reach the destination without any delay or complications.

Metaverse is a broad term that brings together various digital elements such as augmented reality (AR), virtual reality (VR), Non-fungible tokens (NFTs), cryptocurrencies, etc. Furthermore, it also makes it possible for people to interact digitally with one another. It is a virtual environment in which users can socialize, shop, participate in various activities, and explore new things. 

The various virtual worlds that make up the metaverse are all interconnected. Every reality in the metaverse will have a distinct function. Some will be made for working or playing, others for socializing or shopping, and others for a number other things. Within the metaverse, anyone can build their own world and link it to other worlds. Today, every organization is moving towards a digital realm and looking for a successful business setup in Dubai. This has also motivated businesses of all sizes to make it big and take it to new heights.

Many companies around the globe are getting ready to provide digital services through the metaverse. All different sizes of companies, including small, medium, and large corporations, are looking for lucrative opportunities within the metaverse.  

Some of the major features of metaverse are:

A metaverse is a decentralized network where no particular individual or company has the authority to alter data or control it. 

Metaverse is easily accessible to anyone all over the world. This means that you can access the virtual universe 24X7 from anywhere. 

Metaverse allows you to have a real-time interaction with the people around you or businesses (in case you are planning to purchase a product or service). 

Taking advantage of the online platforms is essential for any business today. Several studies are continuously indicating that the consumers are not only spensing their time on social media platforms like Facebook, Instagram, or Twitter but also on day-to-day activities like shopping, learning etc. 

This implies that businesses need to gear up and help their customers get access to online products and services. Virtual world is the new trend that is changing the way of doing business for the companies.

The biggest opportunities for businesses in the metaverse are E-commerce and retail shopping. The majority of the shopping trends have now gone to the online platform and people are loving to order everything from the comforts of their homes. So how does metaverse help? Metaverse helps you to eliminate the need of going to the physical store and try your clothes, decor, or maybe a pair of glasses, or footwear. With metaverse, you can simply browse through the virtual store and try your favorite products whenever and wherever you want. 

Dubai is a hub of world-class real estate services and the business niche is here to stay for a good time. Business setup in Dubai in the real estate in association with metaverse has boosted the chances for a much cheaper form of digital real estate services. This includes virtual tours when you are buying or renting commercial office spaces, or personal residences. Now, businesses can buy and sell easily using the metaverse platform.  

Gaming technology is in the number three spot on our list of top metaverse business niches. It is one of the most important sectors that are trending in the metaverse business. You must have seen how popular PUBG has grown over the years. Now imagine what if the gaming industry comes up with more games like these that are completely based on a real-time network! The industry is trending and moving at a very fast pace thus, allowing the companies to grow and increase their overall revenue.  

When the pandemic struck the world, it gave rise to the concept of online education and courses. Educators and students all over the world came together to take their learning to the online platform. It helps to greatly reduce the amount of time and traveling. You can simply buy the required modules online and start learning. This holds extreme importance for the upcoming businesses in the metaverse sector. The companies can grab this opportunity to take a step towards the metaverse.

The future is metaverse and is here to stay for a long time! You can grow your company on a digital platform using virtual technologies without having the need to open a physical store everywhere. All of this is now achievable because of the metaverse, which gives you the freedom to establish a global company that caters to billions of people. 

The metaverse companies in Dubai are trending and several companies are applying for the metaverse business setup. If you are also one of them, then Projectfrpjsc is the ideal choice for your business setup in Dubai. We are a trusted business setup consultant that can assist you in streamlining the entire procedure, from project initiation to license approvals from concerned authorities, and having a corporate bank account in the country for your business. Our team also assist you to acquire a cryptocurrency license in Dubai, if your business includes a cryptocurrency exchange setup. We are there for your every step of your business setup in the UAE.

The Museum of the Future is an eminent landmark that is located in the Sheikh Zayed Road, Dubai. It is regarded as a gateway to the future of the world, 50 years from now. The museum will also contribute to a powerful global economy by showcasing how upcoming innovative solutions, such as Augmented Reality (AR) to Artificial Intelligence (AI), may improve our lives.

Talking about the architecture of the museum, the floors are conceptualized as a large, interactive set that has been brought to life by talented storytellers, technologists, and forward-thinking artists.

Future space travel and living, ecological issues, and climate change are among the subjects of interest. Besides groundbreaking breakthroughs, you might experience exclusive workshops and presentations from the top thinkers in the world.

• The future of our world and how to make the best of the resources
• Mitigating existential risk through foresight
• Value and humanity
• Hedging our bets through foresight.

The Forum will be held over two days at the acclaimed Museum of the Future and will give futurists an international platform to engage in conversation about tomorrow’s possibilities for a brighter future.

The Dubai Future Foundation aims to envision Dubai’s future in partnership with the public and private sectors while developing ideas, and programs for implementation on a local and worldwide scale.

The Dubai Future Forum will act as an opportunity for people all around the world to discuss how to build the future and improve society’s quality of life. By foreseeing impending disruptive changes in the future of many crucial sectors, it will also improve cooperation between governments, institutions, and individuals.

Moreover, it will assist in the formation of strong global partnerships to generate new future opportunities that are in line with global changes and aid in the discovery of solutions to challenges and opportunities.

In the United Arab Emirates, freelancing is not a new concept. Because of its accommodating policies, freelancers from all over the world flock to the country. In the UAE, Freelance trade license is recently issued, allowing freelancers in the media, technology, and education sectors to legally market their services.

Starting a business will accelerate your growth and help you get respect for your name and brand. It’s not that you’re limited in what you can accomplish as a self-made freelancer; rather, it’s an opportunity to tap into the network you’ve built through the years of freelancing. The best approach to profit from this network is to take the first move, obtain the necessary licenses, and start your business.

Freelancing may be beneficial if you take advantage of the freedom it provides. It’s great to be your own boss, but it’s also difficult. What are you waiting for if you believe you are extremely focused, self-motivated, and driven?

Starting as an influencer in the UAE requires you to have a trade license. To proceed with the licensing process you need to fulfill some requirements. For this, you might apply for your own social media influencer license, or get in touch with the leading business setup consultants in Dubai, UAE. 

Governments all around the world are beginning to invest in social media platforms because they are becoming so important to the economy. Additionally, social media influencers have an impact on the culture and conventions of the nation. 

The influencer license in the UAE is issued by the National Media Council (NMC) in the UAE. They are also in charge of managing the registration procedures for influencer licenses in the Emirates. If you are a tourist who makes vblogs in the country then you need no license, however, when you are a resident who is earning from influencer marketing, a trade license is required.

Social media influencers have a reputation for being real and trustworthy in their chosen niches. The influencers often publish content on social media platforms to a sizable audience of devoted followers. 

Here are some benefits of becoming an influencer in the UAE-

• You get to express your passion for what you love doing and showcase your enthusiasm for the preferred genre.
• You can obtain sponsorship from various famous brands and get free goodies from them.
• You can also become an influencer as a side job as well as a primary one. However, you can choose as per your preference.  

Compared to the majority of trade licenses offered in the UAE, the influencer license application process is rather simple. 

Here is how you can apply for the influencer license in the UAE-

• Apply for a trade license
• Select your preferred jurisdiction
• Apply for the influencer license 
• Submit the required documents
• Pay the license’s fee

Acquiring a social media influencer license in the UAE is quite easy and quick. You just need to fulfill the criteria that are required. Collaborating with Projectfrpjsc can be beneficial for you because we are the best business setup consultants in Dubai. 

In addition, we have all the necessary resources and skills that can assist you in obtaining the license in a much more smooth manner. Our team can help you get an influencer trade license in the UAE from the NMC for all social media influencers out there.

UAE holds a strong future for e-commerce in the coming years, and this won’t be stopping anytime soon. If you are thinking to invest in an e-commerce business in the UAE, then this is the best time to do so. This is also supported by the fact that the UAE government is always on the path to bring new initiatives to make sure that expats investing in e-commerce reap benefits.

An added advantage that decides the future of e-commerce in the Emirates is the vibrant location and thriving economy it showcases. In addition, Dubai which is an important business hub in the UAE supports many e-commerce companies. It serves as one of the leading and most technically sound infrastructures in the world.

Did you know?

The GCC ecommerce market is expected to grow from USD 8.3B to USD 28.5B by 2022 driven by KSA and UAE. ^{Ministry of Economy}

Since the global pandemic struck the entire world, people are now considering buying things online. It is very clear now that this industry knows no limits and will continue to boom across all major commodities. Social lockdowns, the ease to get everything delivered at home has made it easier for the users to shop.

For expats, and international start-ups looking to start or expand their e-commerce business to the next level, this is the best time to invest in the UAE. Speaking of the UAE market trends in the e-commerce domain, the graph is contiously going upwards. Once you start a e-commerce business in the UAE, you are in a good position to completely take advantage of the e-commerce market.

Before starting an e-commerce company in the UAE, you need to have a license with you. This license is necesssary to conduct an e-commerce business in the country. It is a legal document that states that you are allowed to operate lawfully in the country. The license is issued by the Department of Economic Development (DED).

The E-trader license is for people who offer services in the e-commerce sector. The licnese is valid for people who live in UAE and the GCC. With this licence, you are not permitted to open a store or a physical office.

Portal license can be obtained by the expats and the non-residents of the UAE. With this license, you are allowed to commence an online business in the Emirates. In addition you can if you are selling products, services on your website, this license is for you.

A virtual compnay license is useful for those who are conducting their e-commerce business from the other countries. However, with this license, you can only deal with advertising, designing, printing, and computer programming and related operations.

Start with selecting the business jurisdiction for your business. The major choices are mainland, and free zone, both having their distinct set of rules.

UAE offers four types of legal structures for a company-

• Sole Proprietorship

• Limited Liability Companies

• General Partnership

• Representative branch office

Naming your business is a vital part of the process. You can choose a name that defines your business. In addition, the name chosen by you must abide by all the rules decided by the concerned authorities.

Once you have a name, and all the required paperwork ready, apply for the license. The license is issued by Department of Economic Development (DED).

In case you choose to go for a mainland jurisdiction, then this step is required, otherwise it can be skipped for a free zone. Draft and submit a Memorandum of Association to the DED on behalf of your company and the sponsor, partner, or investor.

Having a physical office set up in the UAE is essential for a mainland company. Choose and register your physical office in the UAE, registered in accordance with legal requirements.

Having an e-commerce license needs you to register with a port or customs authority. The UAE government will apply a 5% customs duty on the products. The free zone’s e-commerce businesses are subject to import duty payments.

Finally, open a business bank account in any of the leading banks of the country. The procedure is simple and quick. Pick a good corporate bank and open an account in accordance with the needs of your company.

• Copy of passports for all shareholders.

• Copy of visas for all shareholders.

• An Emirate ID

• A No Objection Certificate (NOC).

• An draft of the MOA (Memorandum of Association).

The most prefeered areas where you can choose to set your e-commerce business are-

• Sharjah Media City (SHAMS)
• Ras Al Khaimah Economic Zone
• Dubai Multi Commodities Centre (DMCC)
• Dubai Internet City
• Dubai South

The region’s massive trade obstacles make it difficult to deliver goods via logistics and online shops. These barriers might affect small e-commerce players because of high tariff rates, changing laws, and volatile currency exchange rates.

Due to a lack of trust in online payment systems and internet fraud, users made 60-70% of their e-commerce transactions via the cash on delivery, according to an A.T. Kearney study.

The implementation of VAT in the UAE has also posed a challenge to the e-commerce sector. Because most online transactions are dispatched from outside the country, the tax will be applicable not just to products but also to services.

Projectfrpjsc is the leading name when it comes to setting up a thriving e-commerce buisness in the UAE. We are trsusted by numerous international clients who have worked with the experts at the company.

Our team understands that each business has specific needs that are different from one another. For this reason, Projectfrpjsc assists you with establishing your own e-commerce venture in the Emirates. We will take care of all the license approvals, office set up, VAT, and all that comes under the umbrella of an e-commerce business formation.

We are familiar with the latest industry laws and all applicable rules. Hence, we can help you navigate the risks, and difficulties that come with the process. An e-commerce business setup in the UAE becomes easy with a team of proffesionals at Projectfrpjsc.