Foreign Direct Investment License
In accordance with the Federal Decree-Law No. 19 of 2018 on Foreign Direct Investment (The “FDI Law”), aims to promote and develop investment environment and attract the Foreign Direct Investment in line with the UAE’s development policies has announced list of activities that is eligible in industry such as Agriculture (19 activities), Manufacturing/ Industrial license (51 activities) & Services (52 activities), which will allow in obtaining a license with 100% foreign ownership in mainland, UAE.
For a FDI company the legal form shall be limited to a Limited Liability Company (LLC), including sole proprietorship company and private joint stock company, including sole proprietorship company.
- Few things to consider
- Requirements for an existing license
- Steps for new licensing a FDI project as per the announced list of activities
- Share capital requirement – Depending upon the sector and activity of the business, share capital requirements can differ between 2 and 100 million AED. Sectors, for example, related to Hospital activities, will require a Share Capital of 100 million AED. For other sectors such as Manufacturing, Share Capital requirements differ depending on the type of manufacturing activity. For example, the Manufacture of Sports equipment would require 3 million AED share capital, whereas Manufacture of Machinery equipment would require 100 million AED share capital.
- Use of new Technology
- Recognition of a high added value
- Contribute to Research & Development
- Meet the requirements of UAE Licensing entities
- Application form for FDI license, should be duly filled and signed
- A copy of current business license
- Audited financial statements for UAE entity for the previous year
- Growth plans for the next 3 years (in terms of investment, employment opportunities, and new activities.)
- In situation, if the application form does not fully represent the company’s contribution to UAE’s economy, it is required to submit a cover letter or power-point presentation which will better highlight the company’s standing in UAE.
- Select Business Activity
- Submit the application for FDI project licensing together with the MOA & AOA
- Fix the registered (nominal) capital
- Reserve the trade name
- Apply for and obtain initial approval
- Select the business location
- Obtain approvals from relevant authorities that are concerned with the FDI company’s activity
- Join Taw teen partner’s club (a membership with the MOHRE)
- Obtain final license
- Proceed with an opening of bank account for the FDI company
- Capital payment – The Foreign Investor shall submit the proof that at least (20%) of the capital of the company has been deposited into the company’s account with any banks in the UAE.
- Registration of the license with Ministry of Economy (MOE)
- Registration with Chamber of Commerce
- Notice of commencement of Business or Actual Production – The Foreign Investor shall notify the Competent Authority and Licensing Authority in writing of the date of commencement of business or actual production within (5) five business days from the installation and setting up of fixed assets for the purposes of the Project.
Business License Services in UAE
- Business Trade License
- Getting a business license or trade license in UAE can be a laborious task which includes getting consent from the government and economic department. Added to this many other paperwork’s should also be cleared from various agencies of UAE within a short duration of time. These procedures may seem intricate for fresher.
- Get in touch with Connect Service Middle East to obtain a business trade license in UAE, we will aid you to get this job done in a deftly manner. Our service includes from helping you to be acknowledged about the license which is apt for your business, then providing assistance in getting it and also we will help you to keep a check on it’s renewal. And in case if you want to axe the process, our aid will be provided in easing the cancellation and cutting down the fines and costs.
Business Bank Account & Banking Services
We offer guidance regarding banking while starting your company in the UAE. From opening a Business bank account for your company to offering bank guarantee, we are there to guide you.
Business organizers and high net worth individuals of various nationalities seek to open a Business bank account in Dubai as well as other parts of UAE. There are a lot of procedures to open a business bank account here. With Connect Services Middle East, it is easy to open a business bank account for both residents and non-residents or corporate organizations. We aid you through the right way in finding the right banks in the region that offer low tariffs on banking facilities, simplified reporting system, high quality of services and competitive fees.
Human Resources Outsourcing
Offshore specific activities of your HR Management Process or your entire Services Function. It will help your business to acquire HR Expertise and also attain from our vast knowledge base and HR Delivery Expertise. A Human Resources (HR) department is a critical component of employee well-being in any business. It does not depend on the size of the business. HR responsibilities include payroll, benefits, hiring, firing, and keeping up to date with local laws and legislation.
HR Solutions are the best, when it comes to outsourced HR consultancy, delivering the flexible and optimal employment support that our clients require, especially if they’re just entering the UAE market.
Home Nursing Services & Care Taker Services
We believe that caring for you at home will allow you to recover faster.
Division OF Home Health Care is specialized in providing home care services in UAE. We offer planned care that is based on each of our patient’s needs and abilities with the goal of achieving an optimal quality of life.
We are committed to the concept that individuals and families have the right to involved in the decisions regarding their own health care and the way in which that care is provided.
Our strength is the trained team of professional Registered Nurses who are passionate about the care they provide.
Housemaids and Nanny Services
We provide assistance in easing day to day chores by providing
- Maids on full time basis who are trained for the job and deputed after a strict background verification
- We also help our clients by providing them care takers to look after elders and children on 24 hours basis.
- These house help personnel are experienced enough to take the responsibility of keeping you and your family safe by maintaining a clean house, safe and in orderly manner. They are also trained for equipment maintenance other than the daily household chores.
- Waiter & Waiters
- Room Attendant
- Kitchen Helpers
Packing, Loading & Unloading
A one-stop solution for all your facility needs. Whether you select an integrated facility management program or a onetime service activity.
- OFFICE CLANING
- GENERAL CLEANING
Professional Cleaning Service Dubai provides a better life
AQAN Facilities Management Services has sufficient cleaners for all types of building cleaning. They are enough to clean a wide range of structures in the whole of the United Arab Emirates- from the smallest villa to the huge buildings. We offer regular cleaning as well as one-time cleaning whichever suits your needs.
Considering customer’s health and safety we use eco-friendly, non-toxic, non-harmful detergents and materials. Above all, we implement a very strict policy of minimum water wastage.
Pest Control Division
General Pest Control
- Cockroaches: Cockroaches mainly have an infestation of two categories German Cockroaches and American Cockroaches in UAE. These are fast-breeding insects that can survive in the most adverse conditions. However, these are mainly seen in dark places that are wet and warm like pipes, drains, etc. Blue Diamond Pest Control team uses gel baits, monitoring Traps, sprays which are approved by the Ministry of Water and Environment.
- Bed Bugs: Bed bugs are most common in causing itching and also allergies to humans. These may cause skin infections too. Deep cleaning with the use of insecticides will help to keep bedbug numbers under control. However, professional bed bug control treatment will be required to eradicate the infestation. Blue Diamond Pest control team helps you with the removal of these bedbugs by residual sprays which are approved by the Ministry of Water and Environment.
- Flies: Files mainly have two species Houseflies and drainage flies infestation in UAE. In other words, they are considered to pose a health risk to humans, pets, and livestock. Our team can guide well to get rid of that by chemicals and mechanical control.
- Mosquitoes: Mosquito bites are very painful and cause various types of diseases like Malaria and Dengue. They breed on stagnant water in the house or in the surroundings.
- Ants: Ants species survive in sunny climates and they will crawl in a wide range in search of food from their nest.
General Maintenance & Integrated Facility
It is impossible to produce buildings that are maintenance-free, but maintenance work can be minimized by good design and proper workmanship carried out by skilled experts or competent craftsmen using suitable codes of installation, requisite building materials and methods.
The service we offer is designed to suit your needs, be it a permanent on-site presence, a mobile maintenance service, or a combination of both. It can cover planned preventative maintenance as well as responsive emergency cover.