Tuesday 28 March 2017

What is the process of Cosmetic Products Registration in Dubai



Dubai is the one of major and most vital hubs of international trade and in regards of import and export of the cosmetic products, UAE government wish to establish a modern assessment, so product registration in Dubai is obligatory before lunching any of cosmetic products in Dubai market. The basic purpose of cosmetics product registration is consumer safety; this process permits the CPSS (Consumer Products Safety Section) to fold adequate information to evaluate the safety of cosmetic products. It is compulsory to highlight that no cosmetic product will be manufactured, imported, exported, advertised, sold or distributed in Dubai without registration in accordance with Dubai Municipality regulation.

The Registration Regulation
The Dubai Government standardizes the manufacture, sale and importation of cosmetic products by requiring that all cosmetic products to be registered prior to placing in Dubai market; as well as by regulating the individuals to get a proper license in Dubai related to cosmetics products. The registration of a cosmetic product is valid for 5 years as an extension for renewal to be reviewed.
Definition of Cosmetic
A cosmetic product means any ingredient or preparation intended to be placed in contact with the various external parts of the human body (epidermis, hair system, nails, lips and external genital organs) or with the teeth and the mucous membranes of the oral cavity with a view exclusively or mainly to cleaning them, perfuming them, changing their appearance and/or correcting body odors and/or protecting them or keeping them in good condition.
List of Cosmetics
The following list is not in-depth but is provided as an example:
Creams, emulsions, lotions, gels and oils for the skin (hands face, feet, etc.), Face masks (with the exception of peeling products), Tinted bases (liquids, pastes, powders). Make-up powders, after-bath powders, hygienic powders, etc. Toilet soaps, deodorant soaps, etc. Perfumes, toilet waters and Eau de Cologne, Bath and shower preparations (salts, foams, oils, gels, etc.), Depilatories, Deodorants and anti-per spirants, Hair care products: Hair tints and bleaches, Product for waving, straightening and fixing, Setting products Cleansing products (lotions, powders, shampoos) Conditioning products (lotions, creams, oils) Hairdressing products (lotions, lacquers, brilliantine). Shaving products (creams, foams, lotions), Products for making up and removing make-up from the face and eyes, Products intended for application to the lips, Products for care of the teeth and mouth, Products for nail care and make-up. Products for external intimate hygiene, Sunbathing products, Products for tanning without sun, Skin-whitening products, Anti-wrinkle products.
Functions for Cosmetics Products
Following are the basic function of Cosmetic products
  • To clean
  • To perfume
  • To change the appearance
  • To protect
  • To keep in good condition
  • To correct body odors
Registration of the product in Dubai:
In order to register a product in Dubai, a number of steps need to follow and to register the product in Dubai , a list of documents need to produce from country of origin and these documents must be attested from UAE embassy.
We been gone through so many product registration projects so far and we have a good range of satisfied clients. The process of cosmetic product registration in Dubai varies from product to product every time we practiced something new which is of course challenging but exciting for us, but we are taking it as an add on in knowledge base.

Saturday 25 March 2017

Tax optimization with RAK offshore company

RAK offshore company formation is an investor trump card for international business; because it is a tax free company. Paying taxes can be a bit of annoying. While it is nice to have gov’t assist in doing things own your own way; the amount of tax which a business men are paying for their business can make it a bit difficult to do business in the Western part of the World. In some part of the world taxes are implied on Corporations as well as on a person. Which make the life of a person as well as the corporation very difficult. Corporation senses this little more, as they have a tend to pay even higher rates of tax than the person. After all, company tax rate is much higher than tax rates on individuals generally in most civilized nations; because, the corporations have much higher incomes than any individual person could hope to reach, and tax tends to be graduated, meaning that these corporations pay a larger amount in proportion to their income than many people.
Keeping in mind the end goal to settle this issue, many individuals find that supporting an offshore company in Ras Al Khaimah is a smart thought. All things considered, Offshore company creation in expense safe houses like Dubai and different ranges is an exceptionally mainstream and always developing industry. This is because of the exceptional structure of the business; both the administration business i.e. the enlisted operator and in addition the corporate customer advantage significantly from the arrangement. The organization needs to pay significantly less duties, while the enrolled specialist itself gets paid an administration expense that is as yet a concession contrasted with the measure of cash spared by the making of the RAK offshore company formation. Offshore company in the UAE or other comparative spots can be an extraordinary approach to spare thousands or even a huge number of dollars consistently on assessment and different costs, which can come up to be strange measures of cash after some time. Also, to make a Offshore company in RAK guarantees money related insurance, security, and a host over other heap benefits that are difficult to coordinate through different means. Offshore company creation is an incredible thought incompletely because of the way that the emirate has set up a one of a kind assessment strategy with respect to lucrative associations. Most associations pay next to zero duty, to some extent to pull in financial specialists that desire to utilize an assessment shelter like place. Moreover, to make a Offshore company in Ras Al Khaimah is something that has next to zero hazard or cost, and high reward. All things considered, the UAE is not in any manner the kind of place that would surprisingly stop one's benefits or immerse itself into war, and the administrations that offer to set up a Offshore company in Ras Al Khaimah don't cost all that much. The charges of a RAK Offshore Company are the least expenses of an organization that can be consolidated in UAE. A huge number of individuals are getting a charge out of the exceptional advantages of making a Offshore company in Ras Al Khaimah. It is sheltered, practical, exceptionally moderate, to a great degree beneficial, and continually developing in fame. There is beside no reason not to do as such; the dangers and expenses are totally insignificant, so what are you sitting tight for

Sunday 19 March 2017

How to setup a business in sharjah

To setup a business in sharjah you need to consider a few thing and adapt it when you are executing you plan; to lunch your business in sharjah, or simply we can say that when you are going to Setup business in Sharjah.  You need the following couple of core matters to be considered,
First thing first you need to think that where to start your business. Because UAE is made of seven emirates and all have their own rules and his own regulations. The procedure for setting up business in Sharjah has different rules from business setup in other part of the UAE
Then 2nd thing you need to understand for starting any business is that there are a lot of zones within the UAE for business setup. That is business can be setup in mainland, or it can be setup in free zone. It is very and very important to select the accurate authority for your business setup. In sharjah you can setup both option either in mainland or in any out of the two free zone. Let me help you to select one on the base of the one key factor. If you want international trade outside of the UAE country then free trade zone is the best choice for type of the business.
Another example is, if you would like to trade in precious metals or commodities then there are specific free zones which have develop infrastructure and helping in trading commodities.
Choosing Sharjah as your business location or in other words, if you want business setup in Sharjah there should be clear understanding of your business needs.
Why Business Setup in Sharjah?
UAE has the commercial stability even earlier the foundation of the UAE. United Arab Emirates is enjoying the economic as well as commercial stability and constant progress over the years and it turn out to be a global financial hub.
Sharjah is the center part of the UAE with great status in potentials growth, civil stability, financial activities and low crime rate. The capability of the UAE is to survive the effects of the universal money related crises shows the stability of the country.
Management took steps to fascinate the overseas financiers to put in the market by their open financial policies, approachable overseas venture policies, rules for private sectors, established infrastructures and least organizational control.
It is one of the best offshore locations to start the business due to,

  • World class services for living and as well as for doing business in Sharjah.
  • Sharjah turn into creator in health, education and management sectors.
  • Stable government with fast growing economy.
  • Expo 2020 host country title has been awarded to Dubai.
  • Pre-defined business jurisdictions with developed infrastructures.
  • UAE is the business hub in MENA region.
There are 100 of reasons to choose to set up business in Sharjah. Now days everybody is considering for a Business Setup in UAE, and especially in Sharjah. Some people looking to Setup new business but some of them are looking to buy an existing business in Sharjah mainland or in free zone. And on the same way most of the clients are looking for new business setup in Sharjah as a branch office or as a representative office in Sharjah. Business Setup in UAE is a visualization of every businessmen round the globe. However, Business setup in UAE is very exciting job, as the rising economy of Dubai is appealing for competitor in the county which is making issue for new business startups to take control. So business setup in UAE compulsory a proper guide line to enter in a new market.

Monday 13 March 2017

liquidation process in uae



Cancellation of company or business or business license in Dubai is very important part of company life cycle in UAE. Business need to close if they do not have enough money to run their business, or their business is not running correctly or they are not in the earning side of the market; and to continue their operations, to pay their employees or cover their debt. Terminating also becomes mandatory when a company obligates a serious violation of the regulation; or also in case of fraud and UAE business regulatory finds violations. or when the company gets a legal notice that affects its regular operations. So corporation needs to be shut down; and by shut down we mean company liquidation in Dubai. But note that once a business license is shut down; the same cannot be re-opening. For company liquidation in Dubai, you need to submit a number of documents and get different authorizations from the government agencies.
With Dubai and Abu Dhabi at the head, the UAE has developed a business center. Still, in certain cases companies can surface difficult financial conditions or the owners and also stockholder agree to take their business to another place. This calls for the company license cancellation proceedings to be initiated. This procedure will depend on the company’s economic status at the instant of the start of the process. LLC license cancellation in Dubai can also be bringing up to as trade license cancellation in the Emirate.
Types of LLC license cancellation in Dubai
As mentioned above, a Dubai company can be close willingly or when it cannot able to pay its debts. The Company Law provides for two types of LLC license cancellation in Dubai:
1.       Intended liquidation;
2.       Compulsory liquidation.
Our company formation agents in Dubai can offer more information about LLC license cancellation in Dubai procedures under the Commercial Law.
Procedure of company liquidation in Dubai
Intentional or compulsory company license cancellation can be requested by the owners or the stakeholder in Dubai. The stakeholder or the owner of the company will hold a meeting during which a resolution must be approved for the liquidation process to begin, in the case of intentional dissolution. During the same meeting a liquidator must be hired. In the case of compulsory liquidation, the procedure will begin by court order.
The business legal agents will be required to file the following documents with the Dubai Trade Register:
·         The document stating the dissolution of the company and the appointment of the liquidator;
·         A certified copy with the signatures of the company’s directors and liquidator attesting to the liquidation;
·         The company’s certificate of registration and its trade license;
·         A copy after the liquidator’s license accompanied by a letter stating the approval of the liquidation.
A large part of closing company in Dubai deals with final compensation for employees. The owner or owners of the company will have to cancel their employees’ visas as well as their work permits. This requires coordination with both the Department of Naturalization and Residency and the Ministry of Labor. As per UAE labor law, employers are required to give their employees a two month, paid notice period before terminating their contracts. In many cases, employees can keep their residency visas until the company’s trade license runs out.
Apart from finalizing labor contracts, it is also necessary to formally cancel any subscribed utilities, including cancelling your account with DEWA and Etisalat or du and retrieving your deposits. Office or warehouse leases will also have to be honored.  Taking into consideration that license cancellation of all legal forms requires the application of specific documents and approvals from government and federal authorities if necessary.
First: Notice of Company’s Dissolution & Appointment of a Liquidator:
  • Submission of Registration & Licensing Application Form
  • Duplicate of official document showing dissolution of the company, appointment of a legal liquidator and mentioning his name and determining the method of liquidation. This may either be by a resolution of the company’s partners or general assembly duly notarized, or by court order.
  • Certified copy of the signature of company’s director(s), and the company’s legal liquidator, as the case may be, authenticated by the Notary Public.
  • Original Certificate of Registration in the Commercial Register + the original trade license.
  • Copy of the license of the liquidator + Certificate of condition auditor + Letter from the liquidator approving the liquidation of the company.
Second: Cancellation from the Commercial Registration
  • Certificates issued in the other Emirates indicating cancellation of license(s) (if any).
  • Original copy of the final account of liquidation approved by the partners or general assembly and stamped by the legal liquidator.
  • No-objection letter concerning cancellation issued by the Ministry of Labour & Social Affairs.
  • Visa Cancellation of the partner(s) in case they are sponsored by their license.
  • Copy of the notice of the company’s dissolution & appointment of a liquidator to be published in the official newspapers.
  • Letter from the partner for the agreement of the liquidation of the company.
  • Ministry of Economy resolution (concerning private shareholding).
  • UAE Securities and Commodities Authority resolution (concerning public shareholding).