commercial banking Archives | Business Setup Consultant in Dubai | Projectfrpjsc https://www.projectfrpjsc.com/tag/commercial-banking/ One of the Best Business Setup Consultant in Dubai Sat, 25 Jun 2022 09:52:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.projectfrpjsc.com/wp-content/uploads/2019/09/cropped-fav-32x32.png commercial banking Archives | Business Setup Consultant in Dubai | Projectfrpjsc https://www.projectfrpjsc.com/tag/commercial-banking/ 32 32 How Projectfrpjsc Can Support New Startups and SMEs in UAE with Their Expertise? https://www.projectfrpjsc.com/how-Projectfrpjsc-can-support-new-startups-and-smes-in-uae-with-their-expertise/ https://www.projectfrpjsc.com/how-Projectfrpjsc-can-support-new-startups-and-smes-in-uae-with-their-expertise/#respond Tue, 29 Dec 2020 06:59:06 +0000 https://www.projectfrpjsc.com/?p=9235 Projectfrpjsc can be your one-stop-business setup consultant. Startups in UAE are setup and expanded in hopes of converting to an SME.

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How Projectfrpjsc Can Support New Startups and SMEs in UAE with Their Expertise?

New Startups in UAE

Want to start your own startup or SME in the UAE but do not know how to go about the process? Planning the right business setup service can be tricky and challenging not to forget demanding as well. Projectfrpjsc can be your one-stop-business setup consultant. Get all your business doubts checked out at Projectfrpjsc. We provide excellent consultation on company and business setup in Dubai

What is a Startup?

A startup is a business or project undertaken to validate, grow and develop a product or service to incorporate it in the market. Usually, a startup is financially backed by investors. Startups in UAE are set up and expanded in hopes of converting to an SME most of the time. Though the transition might be hefty startups can be the right base for your future enterprise.

What is an SME? 

SME stands for Small and Medium-sized Enterprises. It is a type of organization that maintain employees, revenue under a certain threshold. Generally, referred to new small enterprises in the market. According to the World Bank, SMEs are a major component in the global economy. They create job and company setup in UAE opportunities and account for about 90% of businesses and 50% of worldwide employment. But what could be an SME is subjective but generally applies to the aforementioned businesses. In the current market, SMEs contribute to about 95% of establishments under which 42% adds value to the Dubai market while 40% compiles the nation’s workforce. 

 

How Projectfrpjsc can support new startups and SMEs in the UAE

Projectfrpjsc can help you with the initiation and functioning of your startups and SMEs in the UAE. Here’s why – 

  • Our primary goal is to make your business as smooth and hassle-free as possible with our services.
  • We provide expert business solutions in regards to company formation in Dubai mainland, administration, and banking queries.
  • Our banking facilities that will help you with your startup includes
    • Company Bank Account and how we run our clients through the various banking regulations and policies to ensure the best. We help our clients choose the right bank for their business transactions.
    • Trade Finance by optimising companies profits and availing higher discounts on bulk orders and generating increased workflow. Through the guidance of our team of experts, we assist clients to navigate in the international market.
    • Increasing business capital by finding suitable commercial banking options. In order to allow complete transparency, we brief our clients and their investors on the ins and outs of the entire business set up procedure.
  • Our consultancy allows clients to explore their business solutions such as company setup, banking services, auditing, etc.
  • With our competitive and transparent pricing, Customers can use our cost calculator for company setup in UAE for actual pricing and fees.
  • We maintain absolute confidentiality and integrity in matters concerning privacy and security. 
  • Our services also include web-designing and digital marketing through cutting-edge tactics.

Setting up a company in a foreign land may be a huge challenge for lots but with Projectfrpjsc every aspect and aspirations in terms of your business can be handled and optimised. With the right tools and consistent effort, Projectfrpjsc can support new startups and SMEs in the UAE.

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Free Zone vs Mainland Company Setup in UAE https://www.projectfrpjsc.com/free-zone-vs-mainland-zone/ https://www.projectfrpjsc.com/free-zone-vs-mainland-zone/#respond Wed, 16 Dec 2020 06:52:36 +0000 https://www.projectfrpjsc.com/?p=9160 Get Mainland Company Setup in UAE with Projectfrpjsc. Projectfrpjsc assist clients interested in Dubai Mainland Business Setup in the UAE.

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Free Zone vs Mainland Company Setup in UAE

Dubai Free Zone vs Mainland Zone

1. Projectfrpjsc Intro

Projectfrpjsc is a management consulting services that assist clients interested in setting up their companies in the UAE. The solution to all your business and corporate needs can be fulfilled at Projectfrpjsc. Having 15 years of experience in commercial banking and Mainland Company Setup in UAE we use industry-specific knowledge and practice-led experience to meet our client’s expectation. Assisting companies with transaction banking and trade finance services, we have set up 1000+ companies to date and have affiliation with over 30 banks in the UAE to cater to your needs.

2. Free zone

Companies eligible for free zone license are allowed to practice in the same Dubai free zone or internationally. This set up comes with a lot of special jurisdiction that must be followed, such as the inability to carry our Freezone Company Formation in UAE in the local market. For expatriate partners, this can be a suitable option.

3. Mainland zone

Mainland zone companies are licensed by the DED to Dubai Mainland Business Setup and carry out business all over the UAE and in the local market without any restrictions.

4. Difference between Free zone and Mainland zone

To understand further, the differences between free zone and mainland zone here are some pointers:

 

FREE ZONE

MAINLAND ZONE

Scope of business You can do business in the same free zone or outside the UAE. in case of doing business in the local market companies have to pay 5% duty on local market invoices. You are allowed to do business anywhere in the UAE, and internationally without restrictions. 
Ownership Companies under the free zone do not need any approval from government officials. Exceptions may occur where the beneficiary has to obtain approval from external authority. Presence of a UAE National is not mandatory for every license as a local partner or local service agent. 100% ownership lies with the expatriate.
Office space Company may register to incorporate an office space or not. Companies may avail for Flexi desks/smart offices as per their need. Minimum requirement of 200 sq ft. of office space needs to be fulfilled for leasing and issuing of the license.
Visa facility Companies generally receive 2 visas but may be given 3-6 as well. To obtain further than the provided the company must lease a physical space in the region to be approved for more. There are no limitations in visas for mainland companies. But eligibility depends on office space. Larger space, more the number of visas the company may get.
Government authority approvals Requires standard government approvals and some external government authorities approval in departments such as medicine, education, food-related, or estate regulation etc. Do not require any specific approvals from authorities but may have exceptions where they may be required external authorities approval.

5. Why Projectfrpjsc is the best choice if you are looking to set up your company under the free zone and mainland zone in the UAE.

  • Projectfrpjsc is the right place for your Mainland Company Setup in UAE related needs. To provide a clear run-up on  the services we provide:
  • We assist clients with company administration, Opening a Bank Account and other relevant services.
  • We are a one-stop Dubai Free Zone Business Guide for business companies looking to set-up in the UAE as we provide resources that explore better business solutions (PRO services, Accounting, VAT, Auditing needs, etc.) and update and inform our clients with various business policies.
  • We help our clients choose the right bank to make their transactions efficient
  • We also focus on website designing and digital marketing as we chose the right tool for your growing business.
  • We provide our client with profitable and financially feasible options to set up companies (such as driving down the cost of the company set up). Apart from that our consultancy provides transparent and intermediary-free pricing.

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