Dubai is the land of growth and the best place for a person to start business to achieve the best and become the best. It's a place of wide challenges but the ensurement of the business growth is predictable through proper dedication and effort.
PROCESSES FOR COMPANY FORMATION
The process of company formation is a simple step of applying for a business license. Depending on the nature of the activity the business license is divided into three broad categories that include the industrial, trade and the professional license. The process of applying for a business is just to notify the authorities that you are stating a business. The following are the details of the specific grants:
Industrial License: This license is primarily requested for manufacturing products.The licensee has the option to change over crude materials into semi completed products in the area by utilization of intensity or some other vitality authorized by the state. Collecting and bundling additionally are done on similar premises.
Trade License: This type of license is issued to a business owner or investor to engage in retail or wholesale trade in the country. Venture regions which call for exchange permit are transport, inns and general contractual workers. The permit given for this situation is of two sorts: General Trading or Specific Trading. The particular exchange permit restricts the extent of the business.
Professional License: If the dependency is more on the skills rather than capital investment, then a professional license is what a business owner should seek. Companies such as educational providers, engineering services, financial planners, medical practitioners, and consultants come under the purview of professional license.
The annual license fee in Dubai TechnoPark is:
For Trading and Industrial License: AED 5,500 up to 7 products from one group, AED 9,000 for up to 12 products from 2 groups
For Service License: AED 8,000
What is the lease period of the land provided by Dubai TechnoPark?
The lease period of land in Dubai TechnoPark is 15 years, and it is renewable.
What is the lease period of an office space provided by Dubai TechnoPark?
The lease period of an office in Dubai TechnoPark is 1 year, but it is renewable.
Other than innovation and infrastructure, which other sectors does Dubai TechnoPark focus on?
Apart from innovation and infrastructure, Dubai TechnoPark focuses on the following sectors:
Sustainable Industrial Development
Information and Communication Technologies
Dubai TechnoPark focuses on which economic sectors?
Dubai TechnoPark focuses on the following economic sectors:
Water Resource Management
Development of Alternative and Efficient Energy Resources
Environmental Resource Management
What type of license does Dubai TechnoPark issue?
Dubai TechnoPark issues the following types of licenses:
Industrial Activities License
Professional Activities License
Trading Activities License