How to Setup Office Supply Business in Dubai
Dubai is a city of entrepreneurship. Every person who wishes to open a company in Dubai needs to decide on the activity of his/her business and interest. In the same way its mandatory for a person taking a license in Dubai to have an office. Likewise, we need to also plan about the office supplies/stationeries that are required for regular functioning of an office.
Here, we are trying to focus on the stationery items which are one of the most important products to keep a business active. Stationery supplies are one of the leading businesses in any part of the world.
Activities that could be covered to obtain an Office Supply License
Below are some of the activities that can be covered under an Office Supply License:
Stationery Trading
Activity Code: 4761003
Activity Group: Stationary and books trading
License Type: Commercial
Activity Description: Includes reselling stationery, such as copying and writing paper, notebooks, record books, various types of pens and pencils, rulers, sharpeners, paper perforators, paper clipping requisites, ready stamps, typewriters ribbons and other stationery materials, also, drawing requisites including geometrical drawing pencils, decorative pens, rulers, triangular rulers, colors, color pencils, ink, drawing paper and others.
Multi-Dimensional Images Trading (HOLOGRAM)
Activity Code: 4761008
Activity Group: Stationary and books trading
License Type: Commercial
Activity Description: Includes firms that supply other concerns with multi-dimensional imaged posters, pictures and stamps as per their commercial and professional equipment, these firms are not involved in the production process, but by specialized printing houses which are classified under No. 2221-08.
Calculators & Spare Parts Trading
Activity Code: 4741001
Activity Group: Mechanical & engineering equipment trading
License Type: Commercial
Activity Description: Includes reselling the device used to perform both basic and complex operations of arithmetic.
Office Furniture Trading
Activity Code: 4773920
Activity Group: Furniture trading
License Type: Commercial
Activity Description: Includes reselling of office desks, chairs, tables, cabinets and others, trading of office equipment and shops fittings is classified under class 5150
Steps for obtaining the office supplies license.
Office supplies license is an LLC (limited liability company) license. In the case of LLC license the 49 percent shares is held by the expat and the 51 percent shares by the UAE national. This will be a normal trading license without any external approvals.
- Obtaining of trade name for the company
- Getting the initial approval
- Preparing the Memorandum of Association for the company
- Final Submission to Dubai Economic Department
- License issuance
Costs related to obtaining the office supplies license
As mentioned previously all the above activities can be added in the license though they belong to different groups with the approval from Dubai Economic Department.
- Trade name fees AED 620
- Initial approval fees AED 135
- Payment Voucher AED 16000 to 17000
This license can be an instant license or a license taken for desk or office. For an instant license the market fees is around AED 3000 fixed in the payment voucher. In the case of desk or office space, 2.5 percent is calculated as the market fees in the payment voucher.
Documents required to issue license:
- Passport copy of shareholders
- NOC in case of holding a residence visa
- Residence visa / Visit visa
- Ejari / tenancy contract
Conclusion
Dubai is well known as one of the most popular Business Hub and getting a business license in this part of the city with a well executed plan and planned finances will help in achieving success. It’s always a good practice for an entrepreneur to have the strategic business plan in place before setting out for the execution.
This blog is written by Ms. Florine, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE . Feel free to call us for more info regarding setting up an office supply business in Dubai or anywhere in UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.
