Dubai, which has witnessed many high value transactions, experienced a record breaking 2022 with an 86% growth versus 2021 to surpass AED 240bn in value.

Early in 2022, the UAE government announced 100% FDI in real estate. This has turned out to be a game changer for many foreigners. Post the pandemic, the government has now reinstated the requirement of the RERA exam for real estate companies. Now these companies must obtain a RERA card for their managers or shareholders to conduct this business activity in the UAE.

The Department of Economic Development rearranged the activity groups in mid-2022, allowing investors to choose the relevant activity according to their business plans. The new groups are as follows:

Group 1

Real estate buying and selling brokerage

Real estate leasing brokerage

Mortgage brokerage

Real estate management supervision

Group 2

Buying and selling of real estate

Leasing and management of other people’s property

Self-owned property leasing and management services

Group 3

Real estate mortgage consultancy

Real estate consultancy

Property inspection services

Real estate survey services

Real estate valuation services

Group 4

Real estate development

Buying and selling of real estate

Group 5

Real estate public auction organizing

Real estate exhibition organizing

Starting a Real Estate Company in Dubai

Real estate companies in Dubai have certain procedures and requirements to follow. These are as follows:

1. Initial approval
2. Name approval
3. Registering tenancy contract
4. Applying for license
5. Applying for establishment card
6. Applying for visa
7. Applying for RERA exam, approval and card

Depending on the shareholder pattern, the company structure for a real estate company in Dubai must be chosen accordingly.

Real Estate – Suitable Company Structures in Dubai

A real estate company can be set up as any of the below company structures:

• Sole Proprietorship
• Limited Liability Company
• Civil Company
• Free Zone Establishment

The real estate license and the agent registration number is issued after attending a course from RERA.

Registration with RERA

Submit all required documents and register the company with RERA to obtain the RERA registration certificate.

Documents to be submitted

The following documents must be submitted to RERA for their approval of a real estate business company operations in Dubai:

• RERA application form
• DED business license copy
• Payment receipt
• RERA Course certificate
• Tenancy control/Ejari Copy

How MBG’s Real Estate Services Help

Professional consultation is a must in order to decide on the right activities and scope covered under each activity. MBG supports you with the right information and expert guidance. Our expert PROs with their full understanding of the applicable laws make your incorporation process swift , smooth and hassle-free.

The process of starting an online business can be intimidating for many people, especially if they never done it before.

You have many options when it comes to starting a small business. But if you’re looking to jump into e-commerce, starting an online retail business can be a wise choice. From the convenience of making payments to the variety of inventory you can sell, owning and operating an online retail store can be a lucrative and fun business venture.

Importance of Starting a Successful Online Retail Business

Many people want to be successful, have stable finances, and work from home. This is more true now than it has ever been because of the internet’s development and the possibilities it has created for new business opportunities.

The current generation is frequently referred to as the immediate gratification generation because of how linked and easily available our world is now.

With the use of an internet website, customers from all over the world may easily purchase your products and services whenever they want, 365 days a year. Online store is a different name for this. A sale can be made or lost based on the general effectiveness, quality, and appearance of your website.

Types of E Commerce License

There are three types of E commerce license available in UAE

• Portal

If the company will be acting as an intermediary between the buyer and the seller, the business activity in the UAE will be called Portal or E-marketplace.

Most famous example of e-marketplace is Amazon.com the website serves as a platform for the merchants who advertise their goods, and the buyers.

• E Commerce(E Trading)

E-commerce setup is a choice of companies who want to sell their own goods through their own website.

It can be a website selling only 4-5 types of goods or big online retailers such as Mumzworld.com for example.

• Commercial License

Even if your license does not relate to e-commerce as such, it does not mean you cannot sell your products or services online. You can open a company with any business activity and conduct it online. As per the law, the mode of sales does not make any difference.

You can provide educational trainings, marketing consultations, sell food or clothes online or do any other type of business thought the Internet.

Free Zone or Mainland

Before making the e-commerce license application, the first step is to identify the right jurisdiction best suits the requirement.

Department of Economic Development

Establishing the company under Department of Economic Development will enable to trade directly with the local UAE market without working with a local agent

Free Zone Option

Establishing the company in Free Zone will benefit from the UAE’s zero percent tax rate, and also take advantage of full customs tax exemption, no currency restrictions and the ability to repatriate 100% of the capital and profit. However, it require the services of a local agent or distributor if you wish to trade directly with the local UAE market.

How to run your business successfully

Identify and Create your Brand’s Assets

Once you’ve decided what you want to sell, the next step is to select your brand or business name and create your brand assets, including your logo. Some people may find this phase to be fairly easy, while others may find it to be very challenging. Explore how to create a strong brand for your e-commerce firm as well.

Develop Build and launch website

Your website is the most crucial component of your e-commerce operation. Building and testing your website may take some time, but it will be worth it in the long run because it will be your main tool for generating income, a platform for attracting and interacting with clients, and a place to promote your goods and services. In order to create a website that generates revenue, you must consider factors such as mobile usability, secure hosting, and website upkeep.

Include online payment gateways

As an e-commerce business, it is necessary to present different payment options to your consumers. Integrated secure payment gateways that include credit card payments and pre-paid card systems are the most convenient ways to do this. Another payment option is cash-on-delivery (COD), which comes in very handy for various situations.

Secure logistics, storage, and delivery

Establish a reliable logistics system to ensure the efficient delivery of your products to your consumers. The client can opt for a third-party logistics or build their own logistics depends on the jurisdiction.

Private clinics are a booming industry that has grown rapidly over the last 20 years in the UAE. It is one of the best investment options for ‘big game’ investors. Dubai provides the best infrastructure and ample opportunities for medical practitioners who wish to setup a private clinic and aspire to work in a fast growing medical ecosystem.

A medical clinic in Dubai jurisdiction is a cost effective business model that serves the purpose of a hospital, but a good, experienced service provider is necessary for the setting up process.  One needs to obtain necessary approvals from the Dubai Health Authority (DHA) and the Department of Economic Development (DED) for a license. Applicants need to also take approvals for the clinic facility from the departments like Civil Defence and Municipality. As to the premises for clinics or medical offices, there are very strict requirements in terms of the size, finishing, utility areas, equipment, etc. Besides, each type of medical institution has its own requirements. For example, the required facilities differ even between dental clinics and dental polyclinics.

All medical professionals in the UAE must obtain their license through the health authority. Doctors in Dubai must obtain specific licenses from the DHA depending on whether they are interns, general practitioners, specialists, consultants or resident doctors. Similarly, dentists must obtain specific licenses from the DHA. Nurses too must obtain their license from the DHA. Note that practitioners of alternative medical practices such as Ayurveda, homeopathy, traditional Chinese medicine, Unani medicine, etc. too must obtain licenses from the DHA.

Healthcare Industry in Dubai, UAE

The government of Dubai has been supporting the healthcare industry in developing world class healthcare facilities  and opening the gates for foreign players to build the necessary infrastructure, systems, and centers in the state. Over the past few years, the healthcare infrastructure in Dubai has grown to new levels with world-class facilities, labs and research centers. Private healthcare services are actively used by UAE residents who do not think twice about getting quality medical care at the right pricing.

Dubai Healthcare City (DHCC)

The Dubai leadership has built Dubai Healthcare City as a dream project for pharmaceutical companies, health care agencies, medical research labs, hospitals, and clinics. The DHCC is a Free Zone custom built for the development of the health care industry with specific laws, business-friendly regulations and tax incentives for companies operating in the zone.

Steps involved in clinic setup-

Step 1: Register your trade name or business name.

Step 2: Obtain preliminary approval from the DED

Step 3: Apply and obtain approval from the DHA

Step 4: Submit the essential documents

Step 5: Get the final approval from the DED

Step 6: Acquire your clinical license from the DHA

Step 7: Apply for DCD and municipality approval for the facility through an engineering consultant.

Documents for Registering your Clinic in Dubai

• Trade name registration letter from DED or Free Zone Authority
• Land registration certificate from DED or Free Zone authority showing the land plot number
• Drawings displaying the proposed floor plans and layout designs with measurement for each labeled room/area.
• Feasibility study and business plan
• Passport copy with residency visa for non-locals
• Proposal letter from the owner/partner or the director who has the power of attorney
• Details of registered practitioner as manager

We provide all services related to clinic setup including assistance in getting external approvals and facility approvals through an approved engineering consultant.

Contact us to learn more.