Dubai - Business Management | Operate Your Business Remotely

https://www.varaluae.com/business-management Business management: Types of incorporations in Dubai, the licenses they provide and how easily you can start You can manage a business in Dubai remotely without hiring staff, but there are some important things you must first consider. Business management: Types of companies in Dubai The types of companies incorporated in the UAE must take one of the following forms: General Partnership Simple Limited Partnership Joint Participation (Venture) Public Joint Stock Private Joint Stock Limited Liability Partnership Limited with Shares As a general rule, all companies must receive a license from the Dubai Economic Department for local companies, before starting a business. The three major types of licenses are commercial, professional and industrial. Companies in the artisan or professional area are allowed to be 100% foreign owned, as are those registered in free zones, such as Dubai Internet City, Dubai Airport Free Zone, Dubai Media City, Dubai International Financial Centre and Jebel Ali Free Zone. The following licenses can be obtained in Dubai: General Trading License Trading License Industrial License Service License National Industrial License General trading is one of the most popular business activities in the UAE because you can import and export tax free. A general trade license allows you to trade in just about any commodity allowable under the DED Activity List. Examples of commodities not allowed with a General Trading License are medical products, guns, alcohol and cars. These require special approvals from whichever UAE municipality you wish to operate in. The Hamriyah Free Zone offers a General Trade License for 35,000 Dirham that includes 5 visa allotments and an E-Office. A General Trade License allows you to modify business practices in the future. For example, if you begin by trading in clothing, you can later change to computer products without having to apply for a new license. Service Licenses are issued to companies holding a valid license from the appropriate government body in the UAE. With it, you can provide services such as banking, insurance contracting and other professional services.