Author: Ayushi Doegar

Issued by the Federal Authority for Identity, Citizenship, Customs and Ports Security-ICP, your Emirates ID card is a national identity card. It is mandatory for UAE citizens and residents to hold a valid Emirates ID card, which means that expats will need to apply for and renew theirs regularly too. Without this card, you will not be able to access government services, pass through immigration eGates or travel within the GCC. You will also be subject to daily fines.

In this article, we will explore the process for Emirates ID renewal. We will cover the following topics:

• Emirates ID renewal process – step by step
• Emirates ID renewal requirements
• How to replace a lost, stolen or damaged Emirates ID
• Emirates ID renewal for expats
• How long does an Emirates ID take to renew?
• What is the cost of Emirates ID renewal?
• How much is the Emirates ID renewal delay fine?
• Why choose SPC Free Zone?

Emirates ID renewal process – Step by step

The route for renewing your Emirates ID is the same as the initial application process. While this is relatively straightforward, it’s worth getting in touch with a knowledgeable advisor, such as a member of our team at SPC Free Zone, to ensure you’ve jumped through the right hoops. We’ve broken down the process into three simple steps:

Step 1: Submit your application for renewal on the ICP website or through an accredited typing centre and pay the fee.

Step 2: Update your biometric details if requested by visiting one of ICP’s service centres and complete your residency procedures.

Step 3: Collect your Emirates ID replacement card. You can choose to either collect this from the post office or have it posted to your company address.

Emirates ID renewal requirements

In order to apply for your Emirates ID card, you will need to ensure that you supply the following documents:

• Passport
• Valid UAE visa
• Current ID card
• Credit card

You will also need to upload scans of both sides of your current ID card, passport, UAE visa and a passport photo taken in the past three months.

How to replace a lost, stolen or damaged Emirates ID

It is a legal requirement to have an Emirates ID card, so you must ensure that you alert the relevant authorities as soon as you notice it is missing or damaged.

First, you should report the incident to the nearest ICP Customer Happiness Centre to ensure the card is deactivated immediately. You should ask the centre for a copy of the lost ID or ID number confirmation in case you don’t have one. If you’ve damaged your old card, bring it along with you to show to the service centre.

At the ICP Customer Happiness Centre, you will need to present several documents:

• A valid passport and family book if you are a UAE national
• Proof of residency in the UAE if you are a GCC national
• Original passport with valid residency permit if you are an expat resident

If the person who has lost the ID card is under the age of 15 years, their legal guardian should provide an original birth certificate and passport photo.

Then, you should fill in the application form at ICA’s Customer Happiness Centre or via the UAE ICP app. This is available via both Apple and Google Play. Request your replacement and pay the fees. Lost or damaged ID replacement cards cost AED 300. You will also need to pay an additional fee, which depends on how you applied for the replacement. Currently, it costs an additional AED 70 to apply through an accredited typing centre and an additional AED 40 to apply using an eForm on the ICA website. These fees are the same for both UAE nationals and expat residents.

If you need to speed up the renewal of your Emirates ID card, there is also an option to pay an additional AED 150 for the Express Replacement Service, known as ‘Fawri’. However, this service is only available for UAE and GCC nationals residing in the UAE, or for expats who have lost or had their card stolen.

Once you have submitted your application, the ICP will send you a text message confirming the status of your replacement card and when it will be ready.

Emirates ID renewal for expats

Expats will need to ensure that they renew their card within 30 days of its expiry. Failure to do so will result in a daily fine. You may need to undergo medical tests to update your biometric details, and you will need to complete the steps outlined above.

You should also report any changes to the details listed on your card, such as your address, within one month from the date of change.

How long does an Emirates ID take to renew?

Generally speaking, it takes around 48 hours to process each application and 24 hours to process an express delivery application.

What is the cost of Emirates ID renewal?

For expats, an Emirates ID renewal costs AED 100 per year of validity. The number of years is capped at the remaining number of years on your visa. So, for example, if you have two years left on your visa, you will only be able to renew your current Emirates ID for two years.

How much is the Emirates ID renewal delay fine?

If you do not renew your card within 30 days of its expiry, you will be subjected to penalties. You will need to pay AED 20 per day, up to a maximum of AED 1,000. The ICP will usually send you a reminder when your Emirates ID requires renewal.

However, there are certain exemptions, such as if the individual is suffering from an infectious disease validated by a medical certificate or individuals aged over 70 years old who cannot visit the registration centres. For the full list of exemptions and further information, get in touch with a business advisor at SPC Free Zone, who will be happy to give clarity and extra peace of mind.

Why choose SPC Free Zone?

Conveniently located in the heart of Sharjah, SPC Free Zone offers fast and flexible business setup in the UAE. With immigration services on-site, you can receive your licence – including e-commerce licences UAE – in under two hours. Expand your business with a choice of over 1,500 activities and enjoy competitive incentives including up to 20 visas under one trade licence, 100% foreign ownership and zero paid-up capital. Sharjah Publishing City Free Zone also offers a dual-licence option that includes both mainland and free zone on the same licence.

Ready to renew your Emirates ID? Get advice and speed up the process with help from our market-leading experts at SPC Free Zone.

#EmiratesIDRenewal #SPCFreeZone #EIDRenewalUAE

Boasting one of the world’s most diverse and fastest-growing economies, the UAE has been welcoming business and trade for hundreds of years. And today, with the rise of business-friendly incentives, government legislation and an easier business setup process than in most countries, the region is becoming a number one destination for entrepreneurs from across the globe on the hunt for the most lucrative opportunities.

But before you can legally open your business in the UAE, you need to ensure that you have the correct license. In this article, we will focus on the commercial license in the UAE, one of the most popular licenses for expat business owners. We will cover the following topics:

• What is a commercial license in the UAE?
• Commercial license activities in the UAE
• Steps to get a commercial license in the UAE from SPC Free Zone
• Costs of a commercial license in the UAE
• Why choose SPC Free Zone?

Related articles: How to start an e-commerce business in Dubai, UAE

What is a commercial license in the UAE?

A commercial license in the UAE allows entrepreneurs and businesses to engage in the trade, import and export of goods within and beyond the UAE. With this license, businesses can legally trade in a wide range of commodities, except prohibited items such as tobacco, oil and goods that are not compliant with health and safety requirements.

This is the most popular and widely applied-for type of license in the UAE, for good reason. There are a whole host of benefits to obtaining a commercial license in the UAE, including:

• Strategic location

One of the biggest advantages of establishing a trading business in the UAE is its unrivalled location, conveniently situated between Africa, Asia and Europe. As well as offering easy access to the sea, it’s home to one of the world’s largest and busiest airports.

• Easy business setup

With help from our knowledgeable business experts at SPC Free Zone, you can get your business up and running in the UAE in no time.

• Trade in more than one product

Entrepreneurs can choose to trade in up to ten unrelated commercial and trade activities under one license.

• Tax-friendly incentives

Business owners can maximise profits with zero import duties and 100% repatriation of profits, as well as zero income tax.

• Advanced logistics and warehouse support

Sharjah is highly connected and home to the only natural deep-water port in the region. The UAE has 12 commercial trading ports, and is also home to two of the world’s top 50 container ports, with over 61% of cargo destined for GCC arriving in the UAE’s seaports.

• Wide variety of business activities

SPC Free Zone offers a choice of over 1,500 business activities.

• Easier reporting

Businesses with commercial licenses are subjected to easier financial transactions, turnover, profit and losses reporting requirements than other UAE licenses

In order to obtain a commercial license, you will need to ensure that you have the correct documentation in order. For instance, your business must be registered with the Companies Registry to receive a license. You will then need to provide a completed application form, owner (or owners’) passport copies and two passport-size colour photographs.

Commercial license activities in the UAE

A commercial license encompasses a wide range of trading activities approved by the Department of Economics (DED), including:

• Import and export
• Travel and tourism
• Logistics
• Product-focused sales, such as electronics, fashion or pet supplies
• Rental businesses
• Brokerage

Within these categories, you might choose to trade, import and export in any number of goods, including aircraft and spare parts, plants, foodstuff supply, cleaning services, handbags, beauty, baby care products, and more. Generally speaking, businesses working in construction, real estate and retail will also need to obtain a commercial trade license.

For more information about the wide-ranging activities covered by a commercial license, reach out to SPC Free Zone. Our market-leading experts have helped hundreds of other entrepreneurs obtain their commercial licenses, ensuring that they can operate and expand their businesses in the UAE legally and successfully.

Steps to getting a commercial license in the UAE from SPC Free Zone

The steps to getting a commercial license are fairly simple, though you’ll need to make sure you have all of your documents in order before you get going. There’s no need to undergo the whole process alone though. Our business advisors have helped hundreds of individuals to sail through the process of applying for a commercial license in the UAE. To help give you an idea of what to expect, we’ve broken the process down into three straightforward steps:

Step 1: Register your company

First, you’ll need to choose your company name. Make sure it aligns with the UAE’s naming conventions and do not choose anything that might be considered blasphemous or offensive. Then, choose one or multiple business activities from a list of over 1,500 and submit your initial approval form. Providing you have submitted this correctly, you can get your commercial license in as little as two hours in SPC Free Zone.

Step 2: Apply for e-channel services

To help speed up the application process, the UAE introduced a new e-channel service that eliminates all unnecessary paperwork. It’s easy to register for this service and once you have access you’ll be able to apply for your entry permit. This temporary visa is valid for up to 60 days.

Step 3: Status change and Emirates ID registration

Once you receive your entry permit, you can activate your status change. You can do this in-country, or by exiting and re-entering the UAE, depending on your nationality. It is also mandatory for expats residing in the UAE to have an Emirates ID card. To apply for this, you will need to undergo medical checks, submit your biometrics and apply online or at a typing centre.

Costs of a commercial license in the UAE

The cost of a commercial license in the UAE starts at AED 6,875 if you choose to set up in SPC Free Zone. However, you will need to take additional costs into account too. For entrepreneurs and businesses that require dedicated office space or warehouse facilities, you will need to pay additional fees. You will also need to factor in costs depending on your required visa quota, the number of business partners, the structure of your business, and other factors.

For a bespoke quote tailored to your specific business needs, get in touch with our friendly advisors at SPC Free Zone.

Why choose SPC Free Zone?

SPC Free Zone offsets quick, convenient and flexible business setup in the UAE. Boasting a central location in the heart of Sharjah with immigration services on-site, you can receive your commercial license UAE in just two hours. What’s more, you can choose from over 1,500 business activities, get up to 20 visas under one trade license and enjoy competitive benefits such as 100% foreign ownership with zero paid-up capital. You’ll have the opportunity to expand your business with a dual-license option that offers both mainland and free zone on the same license too.

Ready to grasp hold of the opportunities the UAE has to offer? Get in touch with SPC Free Zone to learn more about obtaining a commercial license today.

#SPCFreeZone #CommercialLicense #BusinessSetupInTheUAE

Qualified tax consultants, accountants and bookkeepers are in demand across the globe, but business is booming in Dubai and the UAE. In this article, we will explore how to start an accounting or tax consulting business in Dubai and the UAE. We will cover the following topics:

• Tax and accounting business in Dubai or the UAE
• Steps to get an account license in the UAE
• Cost of Starting an accounting business in the UAE
• Why choose SPC Free Zone?

Tax and accounting business in Dubai and the UAE

In the past decade, as the startup scene in Dubai and the UAE has expanded exponentially, demand for qualified tax auditors, bookkeepers and accountants has rocketed. This demand shows no signs of slowing down either. With the government driving efforts to create an appealing business ecosystem for startups and SMEs, more and more businesses are looking to outsource their financial operations.

For almost all onshore registered companies in the UAE, an annual license renewal requires a mandatory annual audit too. Businesses registered in free zones may not need to submit this document to local authorities to keep hold of their license, but it is still a legal obligation to keep all financial records of the company, regardless of whether they need to submit the report.

Furthermore, many businesses will need to submit an audit or updated financial records for business matters, such as bank loans. That’s a lot of potential business and opportunity for local tax and accounting businesses.

There are other benefits to starting an accounting business in Dubai and the UAE too, such as:

• Increasing demand

The government is taking significant steps to diversify the economy, offering incentives to startup businesses, specialist talent and specific industries. Such businesses require financial support.  

• Introduction of corporate tax

The UAE recently announced the introduction of corporate tax in 2023 for mainland businesses. These firms will need to prepare their books to be compliant with the new laws and will be looking for accounting and tax consulting businesses to help them achieve this.

• Large expatriate community

Around 80% of the UAE’s population are expats. Most of these business owners are unlikely to be familiar with local tax and financial customs, so will be looking for additional financial services support.

• Business-friendly infrastructure

The UAE is one of the most digitally connected countries in the world, with first-rate services, facilities and infrastructure.

• Easy business setup

With help from SPC Free Zone’s bespoke company formation services, you can have your tax or accounting consultancy business up and running in no time. 

What do you need to set up an accounting or tax consultancy in Dubai or the UAE?

In order to open an accounting, tax or bookkeeping consultancy in the UAE, you will need to ensure that you have the correct professional license. You will also need specific accreditation to work in the profession, though this may vary depending on the specifics of your work. For instance, you may need an accounting degree or special qualifications for more specific services, such as forensic accounting and SOX auditing. You will also need to be able to prove relevant financial or auditing experience, with the possibility of an inspection too.

Steps to getting an accounting license in the UAE

Ready to set up your tax or accounting consultancy in the UAE but unsure where to start? The process is relatively straightforward, but you’ll need to ensure you’ve ticked all the boxes to get up and running. We’ve broken the process down into three simple steps:

Step 1: Submitting your application

To acquire a professional license, you will need to submit an application. This document details your business activity (or activities), as well as your company name. Remember, the UAE has strict rules around business names. You should ensure that the name is not already registered and make sure you steer clear of any words that could be considered offensive or blasphemous. Providing there are no bumps along the way, you can receive your professional license in as little as two hours with SPC Free Zone.

Step 2: Authorise access to e-channel services

In order to help speed up the business setup process, the UAE has introduced an e-channel service that eliminates any unnecessary paperwork. To benefit from this service, you will need to sign up for the portal. It will make it easier for you to obtain your entry permit too. This entry permit will allow you to stay in the region for up to 60 days.

Step 3: Activate your status change

When you have received your entry permit, you’ll be able to activate your change in status. To do this, you will either need to activate this in Dubai or elsewhere in the UAE, or exit and re-enter the appropriate emirate. SPC Free Zone can help advise on the best way to do this depending on your country of citizenship. The UAE requires all visitors to undergo a series of medical tests to enable them to acquire an Emirates ID. This ID card is essential since you will require one to open a bank account. Without it, you won’t get paid.

While the steps to getting an accountancy license in the UAE may seem straightforward, they can be difficult to navigate for outsiders. Our friendly business advisors at SPC Free Zone can help you navigate each stage to make the process as pain-free and affordable as possible.

Cost of starting up an accountancy business in the UAE

The cost of a trade license in the UAE starts at AED 6,875. However, the final cost will depend on a number of factors, such as the free zone in which you are applying for a license, the number of licensed activities, the number of shareholders, and other factors.

SPC Free Zone offers some of the most affordable business setup packages in the market but you should also keep in mind additional costs, such as e-channel registration, medical tests, and Emirates ID cards.

Get in touch with the SPC Free Zone team today for a free quote tailored to your specific requirements.

Related Article: Emirates ID Renewal Guide for Expats

Why choose SPC Free Zone?

SPC Free Zone offers fast, flexible and affordable business setup in the UAE. Conveniently located right in the heart of Sharjah, just 15 minutes from Dubai International Airport, we offer onsite immigration services. That means that you can get your UAE professional license issued in less than two hours.

Dedicated to helping you build and expand your business, SPC Free Zone offers up to 20 visas under one license, a dual-license option offering both mainland and free zone on the same license and a choice of more than 1,500 business activities.

Add to this, zero paid-up share capital, and 100% foreign ownership, and it is little wonder why thousands of aspiring entrepreneurs have chosen to work with SPC Free Zone.

Ready to set up a successful accounting or tax consultancy business in Dubai and the UAE? Reach out to SPC Free Zone today for a helping hand.

#SPCFreeZone #TaxLicenseUAE #AccountingLicenseUAE

As most of the world shifts online, the digital marketplace is becoming more lucrative than ever. Regardless of your niche, it’s possible to create an online business in almost any sector, from teaching to affiliate marketing. And, as one of the world’s most digitally connected countries, the UAE and Dubai have become popular destinations for aspiring online business entrepreneurs. In this article, we will discuss some of the most popular and lucrative online business ideas for Dubai and the UAE. We will cover the following topics:

• Why start an online business?
• 10 online business ideas to start in Dubai or the UAE
• Cost of starting an online business in Dubai or the UAE
• Why choose SPC Free Zone?

Why start an online business in the UAE?

It’s no secret that online sales are soaring in the UAE. The e-commerce market is rocketing, the global workforce is moving to a more remote model and rapid technological advances have created a whole host of new employment opportunities. There are huge benefits to setting up an online business too, including:

Scalability

As customer demands fluctuate more rapidly than ever, scalability is becoming increasingly important. An online business allows you to expand your resources as you grow.

Flexibility

Setting up online means you can operate your business from anywhere – you don’t need to be in a fixed place to reap the rewards.  You can choose your own hours, clients and focus too.

Lower overheads and operating costs

Launching your business online removes expensive overheads and operating costs, such as warehouse, inventory, transportation, and retail spaces.

Access to a global market

Depending on your field of work, your business can stay up and running 24/7 without geographical boundaries. That means that, in theory, you can even earn money while you sleep.

10 online business ideas to start in Dubai or the UAE

When it comes to starting your online business, there are virtually limitless avenues for you to explore. But, if you’re looking for inspiration, let’s dig into some of the most common and profitable online business ideas in Dubai and the UAE.

• Blogging

As well as providing a valuable creative outlet, blogging can mature into a full-time, well-paying business. Blogging has come a long way in the past couple of decades, and it’s now possible to monetise your blog through multiple income streams, such as affiliate marketing.

• Business coaching

Settling for a standard 9–5 job is no longer the norm, and there’s now a huge demand for specialists who can help individuals create a more fulfilling career. New business owners are looking for guidance on how to grow their businesses, too. The UAE’s startup scene is ripe with opportunities for those with the right qualifications and experience in business coaching.

• Consulting

As more entrepreneurs look to set up their businesses, demand is growing for specialised services to help support business growth, such as HR, resourcing and project management. You can specialise in a wide variety of industries and set up your online consulting business with minimal capital too.

• IT tech support

IT has always been a vital part of operations but, as technology advances, remote IT support is becoming even more popular with business owners. As companies increasingly look to outsource their businesses’ IT requirements, online IT tech support businesses are becoming more profitable and popular.

• Life coaching

Life coaching is a rewarding and satisfying profession that can empower both you and your clients. It can help people make real changes in both their personal lives and their careers. Plus, you can specialise in interests that you are passionate about, such as relationships or nutrition.

• Online retailer

With the rise of digital marketplaces like Amazon, eBay and Shopify, it’s never been easier to set up an e-commerce shop. Unlike a bricks-and-mortar shop, you can benefit from easy access to a huge global market and online marketing tools to gain insights into your customers’ needs, all while reducing your overheads.

• Subscription box services

Subscription box services have exploded since COVID-19 and are projected to reach $473 billion by 2025. By offering a convenient, personalized, and low-cost way to buy what they want, you can turn one-time buyers into repeat business. That means a more predictable revenue and guaranteed loyalty.

• Translation services

Are you bilingual or fluent in more than one language? You could be sitting on a valuable asset. There’s a huge market for translation services in the UAE, particularly in the medical, commercial, technical and legal fields.

• Virtual assistant

If you have a good understanding of fast-paced working environments and exceptional organisational skills, you should consider offering your skills as a virtual assistant. There are now dozens of online platforms like TastVirtual and VaVaVirtual that make it easy for you to connect with local entrepreneurs looking to tidy up their busy lives and delegate tasks. 

• Web design

As the world becomes increasingly connected online, businesses are seeing the benefits of a well-designed website. The market also rewards newcomers who can keep up with the times with the latest knowledge and experience.

Cost of starting an online business in Dubai or the UAE

The cost of starting an online business in Dubai or the UAE starts from AED 6,875. However, you will need to take into account additional costs too, such as additional visas, offices, and warehouse spaces. For instance, at SPC Free Zone, you can start an online business for as little as AED 6,875 with coworking spaces and no visas. If you need to add visas or permanent office space, this price will rise.

For a free bespoke quote tailored to your individual business needs, get in touch with the team at SPC Free Zone.

Why choose SPC Free Zone?

Conveniently located in the heart of Sharjah, SPC Free Zone offers a fast and flexible business setup in the UAE. You can receive your e-commerce license in UAE in just two hours and benefit from immigration services onsite, too. We offer a wide range of competitive packages with a choice of over 2000 business activities, up to 20 visas under one trade license, and a dual license option that offers both mainland and free zone on the same license. Entrepreneurs can also maximize their profits with 100% foreign ownership and zero-paid-up capital.

Ready to start your online business in the UAE? Get in touch with our friendly advisors for help with business setup in the UAE today.

#OnlineBusinessIdeasDubai #BusinessSetupInTheUAE #SPCFreeZone

The Definitive Guide to Business Setup in the UAE

In the high paced world of today, developing a business is one of the top priorities for individuals who pursue change. Climbing the corporate ladder demands enthusiasm, which entrepreneurs demonstrate with good grace.

Before establishment, a corporation must be registered in the country it plans to function within. In this regard, the location where the business is registered plays a pivotal role. It is important to remember that the ease of regulations and performance standards depend on the rules and restrictions of a company’s home country.

UAE ranks on top amongst the many tax-free countries in the world, because of the competitive options it provides. With government-based incentives to attract foreign investments and options like the golden visa, foreigners and citizens prefer registering their companies in the UAE.

If you are planning to register your company, read on for a detailed guide on everything you need to know.

Advantages of Registering a Company in the UAE

Tax-Free Zone

Compared to many other countries in the world, the taxation laws of the UAE are lenient. With Sharjah emerging as competitive business centres of the world, they have become a magnet for startups and established companies alike.

The UAE government imposes income tax only if the incorporated company is in the foreign banking, oil, or gas industry. Otherwise, corporations of every kind are exempt from taxation in the UAE. Moreover, the free zone areas of the UAE offer lucrative opportunities for businesses.

In tax-free zones, individuals can enjoy tax-free profits. To add zest to the opportunities, it is worth noting that the UAE has signed double taxation agreements with various countries to ensure that foreign entrepreneurs do not have to pay taxes to their country of origin.

Tax Residency

If you register a company in the UAE, it provides you with an opportunity to take up residence as well. The UAE offers long-term visas for entrepreneurs, business owners  and their families that allows them to  stay in the UAE for up to 10 years. The UAE also offers tax residency that significantly reduces the overall tax burden , and provides  the chance of higher profits increasing by leaps and bounds.

Astounding Infrastructure

The UAE, with emirates like Sharjah, takes pride in being the hub for astounding infrastructure. Businesses often thrive in regions where other businesses have successfully established their foundations, mainly because of improved infrastructure, accessibility to talent, and ease of transportation.

A well-developed city with firmly established infrastructure and economy allows companies to thrive in the market. The UAE is one of the most well-reputed countries and, as a result, serves as a great option for business owners from around the world .

Easy Banking

Businesses around the globe often prefer countries where the transaction is easy. The genuine boost of an organized bank system in a company’s home country is essential for growth.

Moreover, a company’s success is mainly dependent upon the right form of credit, ease of banking, and accessibility to banks with a global presence. For companies, this notion is not a hassle since there are a multitude of international banks to choose from in the UAE.

Ownership

Registering a company in the free zone of the UAE implies that foreign investors will have complete ownership of the company they have established. However, keep in mind that the majority of foreign investors who aim to develop a business on the UAE mainland will need the assistance of a local sponsor.

No Capital Requirement

Amongst the various types of companies registered in the UAE, the free zone possibility is one of the most remunerative. A free zone company is ideal for those who are looking for a “tax relief-invoicing facility.”

To set up a free zone company, there is no minimum capital required or a necessity for an actual office facility.

If these advantages seem lucrative to you, read on to find out the different types of business structures you can choose from.

Business Structures in the UAE

The two main types of business structures that a company in the UAE can adopt include:

1. Free Zone Company

This form of business structure is 100% owned by the person who has set it up. One would not need a sponsor or an agent to act as a liaison to manage the venture.

2. Mainland Companies

A mainland company is simply an onshore entity that is registered with the relevant emirate’s government body.

The fundamental feature of a mainland company is that there are no restrictions on its commercial activities.

Once you have decided whether you want to set up a free zone company or a mainland company, you need to understand which type of license suits your business the best.

Types of Business Licenses

There are four types of licenses available in Sharjah:

1. E-commerce License

E-commerce licenses enable entrepreneurs to set up online businesses. It means they can buy and sell goods through their own websites or through online portals, such as Amazon. This is a popular option for those looking to leverage a booming e-commerce market in the UAE.

2. Service License

Service licenses allow entrepreneurs to set up businesses without tangible assets, such as consulting, project management and legal services. There is a wide range of business activities to choose from, including accounting, business setup, education, HR, immigration, marketing, and more. To apply for a service license, you will need to have experience and knowledge of the relevant industry.

3. Commercial License

Commercial licenses enable entrepreneurs to trade and sell specific goods and services in the UAE, export and sell outside the UAE or trade solely within the UAE.

4. General Trading License

General trading licenses allow entrepreneurs to export, re-export, import and trade any number of unrelated goods under one license. So, this means that you could choose to trade in everything from food to furniture. Some specific commodities are not permitted, including tobacco, oil and goods that do not meet health and safety requirements.

As with all the UAE’s free zones, it’s important to make sure you acquire the correct license before launching your business. Failure to do so could result in heavy penalties and loss of credibility in the market.

Step by Step Guide to Register a Company in Sharjah

Setting up a company in Sharjah is a relatively straightforward process that can be broken down into three simple steps:

Step 1: Submit your application

First, you’ll need to select your business activity and choose your company name. The UAE has strict naming conventions, so make sure it isn’t already registered and avoid using blasphemous or obscene language. If your initial application is approved, the Sharjah authorities will issue your license in less than two hours.

Step 2: E-channel services and entry permit

To help speed up business setup in Sharjah, the local authorities have introduced e-channel services. This online portal removes unnecessary paperwork and makes it easier for you to obtain your entry permit. Once your entry permit has been issued, you can stay in the region for up to 60 days.

Step 3: Status change

The final stage involves activating your status change. You can do this in-country or by exiting and re-entering Sharjah, depending on your country of origin. Then, you’ll need to undergo medical tests to apply for your Emirates ID card. This ID card will allow you to open a bank account, take out contracts and rent a property.

Cost of Registering a Company in Sharjah

The cost to register a company in Sharjah starts at AED 6,875. However, you’ll need to factor in additional costs too, such as multi-year licenses, types of business activities and visa quotas. If you require offices, warehouse premises or storage spaces, you will need to pay for these too.

Interested in finding out exactly how much it costs to register a company in Sharjah?

Reach out to our business advisors at SPC Free Zone for an accurate quote tailored to your specific situation and requirements.

Why work with SPC Free Zone?

Our team are experts in company formation in Sharjah. SPC Free Zone offers fast and flexible business setup in the UAE, conveniently located in the heart of the emirate. Entrepreneurs can benefit from unrivaled connectivity, just 15 minutes from Dubai International Airport and seven minutes from Sharjah International Airport.

Our offices also offer immigration services on-site, which means you can get company documents issued within a day and a license issued in under two hours. What’s more, you can choose from more than 1,500 business activities and maximize your profits with zero paid-up share capital and a whole host of more affordable setup packages. SPC Free Zone also offers up to 20 visas under one license and a dual-license option that offers both mainland and free zone on the same license.

Ready to get started with company formation in Sharjah? SPC Free Zone is ready to help you make it happen.

Over the past three years, the spare parts industry has undergone a significant transformation. In the wake of Covid-19, many spare parts business owners have needed to adapt in order to gain a competitive edge and are looking to more lucrative markets, such as the UAE, to grow their businesses. Entrepreneurs looking to start up a spare parts business with the best chance of success are turning to the region, too.

In this article, we’ll discuss the opportunities, legal requirements and setup process for launching a spare parts business in the UAE. We’ll explore the following topics:

• Spare parts business in the UAE – the market opportunity
• Steps to Starting a spare parts business in the UAE
• Benefits of starting a spare parts business in the UAE
• Spare parts business license cost
• Why work with SPC Free Zone?

Spare Parts Business in the UAE – The Market Opportunity

The spare parts industry can be a lucrative space to move into anywhere in the world, but particularly so in the UAE. The region is a leading supplier of spare parts for Iran, India, Africa and Eastern Europe. It is also the second-largest automotive market in the Gulf Cooperation Council (GCC), with notably high demand for parts such as radiators, exhausts and electrical components. This, coupled with a rapidly growing population and ongoing construction development, means this market is only set to get stronger too.

As rising inflation and interest rates slow down the automotive industry, demand for spare parts will grow too. Reconstruction and personalisation is already rising in popularity in the UAE, particularly amongst younger generations. The government is also committed to investing in the latest technologies, like 3D printing. As this develops and demand increases, business owners based in the UAE will be able to optimise their production lines to produce more for less.

Steps to Start a Spare Parts Business in the UAE

To start a spare parts business in the UAE, you’ll need to complete several steps. We’ve broken down the process into four simple stages to give you an idea of what to expect.

Stage 1: Pick your business name and register your company

First, you’ll need to choose your company trade name. Make sure this adheres to the UAE’s specific trading requirements and does not include any blasphemous or offensive language. Once you’ve selected your trade name, you can submit an approval form. If the authorities approve this, you can receive your license in under two hours.

Stage 2: Sign up for e-channel services

To help speed up the business setup process, the UAE has introduced an e-channel service. This online system requires minimal paperwork and enables you to get your entry permit faster. Your entry permit is a temporary visa and is valid for 60 days.

Stage 3: Change of visa status and Emirates ID

After you’ve received your entry permit, you’ll be able to update your visa. Depending on where you are from, you can do this in-country or by briefly exiting and re-entering the country. Then, you’ll need to take a medical test, which involves X-rays, blood tests and other relevant check-ups. Once you’ve passed this, you can apply for your Emirates ID card.

Related Article: Emirates ID Renewal Guide for Expats

Stage 4: Open your bank account and rent a property

As soon as you receive your Emirates ID card, you’ll legally be able to open a corporate bank account, rent a property and sign leases, and take out phone contracts in the UAE.

Applying for a spare parts business license and setting up your business in the UAE isn’t exactly rocket science, but it does require some careful planning and knowledge of the specific legal and local business requirements of the market. Working with SPC Free Zone makes the process much more straightforward and can help speed up each stage, too. For more information about setting up your spare parts business in the UAE, reach out to us today.

Benefits of Starting a Spare Parts Business in the UAE

Entrepreneurs who set up a spare parts business in the UAE are in a better position to maximise their profits by leveraging a wide range of strategic, legislative and business-friendly advantages, including:

• Strategic location

The UAE boasts one of the most convenient locations for spare parts businesses in the world. Located in the heart of the Middle East, entrepreneurs have Asian, African and European markets at their fingertips. It’s also home to some of the world’s busiest seaports, and one of the busiest airports in the world. That offers up a rich pool of import and export opportunities.

• Highly developed manufacturing industry

The government has identified the manufacturing industry as one of the region’s most promising markets. Along with friendly government policies, manufacturing is also becoming more localised as supply chains and global value chains are regionalised.

• High demand

The UAE’s automotive market has recorded the highest demand in the past five years. This applies to all cars too, whether you’re looking for a run-around or luxury model. Many UAE car buyers are now willing to pay a premium for spare parts. Modifications and personalisation to cars are in high demand, too.

• Business-friendly incentives

In free zones like SPC Free Zone, you can benefit from 100% ownership, 100% repatriation of profits, zero paid-up capital and low corporate and income tax.

• High quality of life

Owning a lucrative spare parts business enables you to make the most of the UAE’s famously high living standards. From world-class restaurants and brilliant beaches to first-rate infrastructure and healthcare, entrepreneurs can live a life of luxury for a fraction of the cost of that in other highly-developed cities.

Spare Parts Business License Cost

The cost of a spare parts business license in the UAE is around AED 6,000.  However, you’ll need to price in other factors to the total cost, such as warehouse and facilities, logistics expenses, visas, legal fees and more.

SPC Free Zone offers some of the most affordable and comprehensive business setup packages in the UAE and its free zones. For a bespoke quote tailored to your specific business needs, reach out to us today.

Why work with SPC Free Zone?

SPC Free Zone offers fast, affordable and flexible business setup in the UAE. Conveniently located in the heart of Sharjah, SPC Free Zone is located just 15 minutes from Dubai International Airport and seven minutes from Sharjah International Airport. With immigration services on-site, business owners can get company documents issued within a day and a license issued in under two hours.

With SPC Free Zone, you can choose from over 1,500 business activities, get up to 20 visas under one license and select a dual-license option that offers both mainland and free zone on the same license. We can help you maximise your profits with low corporate and personal income tax, zero paid-up share capital and a whole host of more affordable setup packages.

Interested in learning more about setting up a spare parts business in the UAE? Get in touch with our friendly advisors today.

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The UAE is one of the most business-friendly countries in the world, so it follows that it offers a variety of business setup options for budding entrepreneurs. As well as deciding whether you want to set up on the mainland or in one of the UAE’s free zones, you’ll need to decide on a specific business entity. In this article, we’ll explore one of the most common business entities in the UAE – the sole establishment. We’ll dive into the benefits and setup process while covering the following topics:

• Sole establishment in the UAE – what is it?
• Advantages of a sole proprietorship or an establishment
• Disadvantages of an establishment or sole proprietorship
• Sole establishment UAE vs LLC UAE – what is the difference?
• How do I start a sole proprietorship in the UAE?
• Eligibility Criteria to establish a sole establishment in the UAE
• How much does it cost to start a sole establishment in Sharjah, UAE?
• Why choose SPC Free Zone?

Sole Establishment in the UAE – What is it?

Sole establishment (also described as sole proprietorship) means that one individual owns the business entity with a trade license issued in his or her name. This means that, unlike other business entities offered in the UAE, a company or corporate body cannot own the business. This individual becomes personally liable for business activities. That means creditors can claim personal assets to compensate for company debts, too.

You can form a sole establishment in the UAE regardless of whether you are a UAE, Gulf Cooperation Council (GCC) or foreign national. However, you will need to meet specific criteria and conditions to have the greatest chance of success.

When it comes to sole proprietorship, UAE nationals, and GCC nationals have more options. They can form any type of sole establishment in most fields, including trading, import-export, real estate development, industrial and professional services. They can also set up consultancies covering a range of different business activities.

Foreign nationals applying for sole proprietorship can only acquire a professional license. For instance, if you wanted to get sole establishment in the UAE as a foreign national, you would need to offer professional services, such as consulting, IT, legal, engineering and marketing. You would not be eligible to do business in import-export, trading or real estate development.

In order to secure sole proprietorship, UAE laws require foreign nationals to appoint a Local Service Agent to liaise between the company and government entities. This can either be an individual or a company. This is an important step and we recommend working with a reputable business. Our market-leading, friendly business advisors at SPC Free Zone have helped countless individuals secure their sole proprietorship.

Advantages of a Sole Proprietorship or an Establishment

While sole proprietorship might look more limiting for foreign nationals at first glance, it offers considerable opportunities and advantages too, including:

• Sole ownership

Foreign professionals can retain 100% ownership of their business without shareholders, enabling total control of business operations.

• Profit retention

Business owners retain 100% of their profits.

• Affordable setup

Setting up a sole establishment involves lower startup costs and no business capital requirements, making it a more affordable option for entrepreneurs.

• Faster business registration

The business setup process for sole establishment is easier and quicker to set up than you think.

• Practise in any location

The business can legally practise professional service anywhere in the UAE. There are no restrictions on office premises locations either.

Disadvantages of an Establishment of Sole Proprietorship

That said, securing sole proprietorship is not without its challenges and disadvantages, such as:

• Personal liability

A sole proprietor of the business is personally liable for business debts. The company is inseparable from the individual.

• Office space is required

Unlike a free zone company, sole establishment requires office space to incorporate the company. Virtual offices are not recognised by the Department of Economic Development (DED).

• Harder to sell your business

While you’re unlikely to be thinking about selling your business before you’ve even started it, you may need to consider this in the future. The sale of sole establishment also means the sale of debt.

Sole Establishment UAE vs LLC UAE – What is the Difference?

Sole establishment and Limited Liability Company (LLC) are two popular business entities in the UAE, although there are a few important differences between them.

The key difference between the two entities is that sole establishments can only be owned by one person, but LCCs must be owned by several individuals and corporate bodies. An individual cannot own an LLC. Unlike sole establishment, LLC business owners are not personally responsible for business debts and liabilities. Instead, liability is limited to the shareholder’s investment in the company’s capital.

LLCs also need to be careful about mixing business and personal accounts, ensuring that you keep funds and banking records separated. Any violation of this can result in you losing your limited liability protection.

However, like sole establishment, there are no minimum share capital requirements for LLCs. LLCs are also able to obtain a number of visas without restrictions and can purchase real estate without restrictions.

How do I Start a sole Proprietorship in the UAE?

Setting up a sole establishment is easier and faster than you think, providing you jump through the right hoops and have all of your documents in order.

Step 1: Initial approval

The DED needs to first acknowledge that they have no objection to your business. Once this is approved, you’ll need to submit three trade name options, of which at least one must be approved to progress to the next stage.

Step 2: Local Service Agent agreement

Once the DED has acknowledged your intent and approved your trade name, you can sign an agreement with a Local Service Agent (LSA).

Step 3: Office space

As already discussed, all sole establishments legally require an office space. Once you’ve secured your desired space, you must submit the tenancy contract.

Step 4: Additional approvals

Depending on your specific circumstances, there may be additional approvals required.

Step 5: Make your payment

When everything is approved, you will receive a payment voucher to make your payment. Then, you’ll be able to collect your license for your sole establishment.

While the steps for securing sole proprietorship are straightforward, it pays to have support from those who are closer to the system. With support from SPC Free Zone, you can tap into a wealth of market, industry and legal knowledge.

Eligibility Criteria to Establish a Sole Proprietorship in the UAE

Establishing a sole establishment in the UAE is relatively easy and fast, considering you meet the conditions of sole establishment owners that include:

• Foreign nationals or expatriates can only start sole establishments that provide professional services, like medical services consultancies, management, legal and engineering consultancies, IT services, and similar services.
• The owner of a sole establishment that provide certain services should obtain educational qualifications to get the needed licenses, as well as a previous experience in the domain.
• Foreigner-owned sole establishments need to have an NSA; an entity or local UAE national who carry out all liaison activities like getting licenses and permits, but not necessarily has an actual involvement in managing the business.

How Much Does it Cost to Start a Sole Establishment in Sharjah, UAE?

SPC Free zone offers you a wide range of business setup packages that start from AED 6,875. However, there are additional costs to consider. The total price of your general trade license will vary depending on factors including:

• Type of business activity
• Business structure
• Visa quota
• Number of business partners
• Office and warehouse premises

Frequently Asked Questions

How much does sole establishment cost in UAE?

At SPC Free Zone, business setup packages start from AED 6,875.

Can I open a company in UAE without a residence visa?

Yes, in most cases. Though there may be conditions depending on the type of business you wish to start, your nationality, and the country of your tax residence.

How much does it cost to open a shop in UAE?

In terms of costs, you should anticipate paying anywhere from AED 6,875 and above depending on your requirements. Registering in a free zone is the most popular, cost-effective option.

What activities can be conducted under an Establishment or Sole Proprietorship?

A host of activities can be conducted under an Establishment or Sole Proprietorship including consulting, IT, legal, engineering and marketing.

Can I open a corporate bank account with a sole proprietorship?

Yes. A sole proprietor can open a business bank account.

Can I sponsor others as the owner of a sole establishment?

Yes, you may can sponsor your dependants’ visa applications.

Do I need to rent office premises with the sole proprietorship license?

While renting an office is optional, a sole proprietor must at least have a flexi-desk or co-working space. This also helps the sole proprietor when applying for a bank account.

Why Choose SPC Free Zone?

Looking for fast and flexible business setup in the UAE? SPC Free Zone offers quick, convenient, and competitively priced business support located in the heart of Sharjah. With immigration services onsite, you can get your license issued in just two hours. We also offer a dual license business option that offers both mainland and free zone on the same business. Plus, you can benefit from a choice of over 1,500 business activities, up to 20 visas under one trade license and 100% foreign ownership with zero paid-up capital.

If you’re looking to start a business, get in touch with SPC Free Zone’s market-leading experts today.

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