FAQs
Wasla FAQs is to help our clients to get a deeper dive in the UAE business world and to get oriented about UAE regulations
Frequently Asked Questions (FAQs)
Within the UAE, there are three types of trade licences available: professional licence, commercial licence, and industrial licence. We can help in choosing the best licence for your business.
No, it is not mandatory to register a trade name for initial approval.
It can be held for a period of one year, afterwards it can be renewed.
Yes, you can keep the trade name after a licence has been cancelled, but you will have to pay AED 200 to do so for a year.
Yes, you can change the business activity and trade name, but you will need to make the necessary payment again for approval.
Working with an outsourced firm like Wasla allows you to avoid the hassles of maintaining an in-house team to accomplish the task, in addition, complete the work at a much lower cost.
Regardless of size, we can tailor our accounting and booking services to meet your immediate needs while also assisting you in achieving your long-term business objectives.
We do not restrict ourselves to specific industries. Regardless of the industry, the Wasla bookkeeping and accounting team is comprised of experienced veterans who can deliver timely, dependable, and cost-effective results.
Our company offers a variety of government related services for small to large enterprises. This includes company establishment, bank account opening, and employee residence for companies wishing to start or open a branch in the UAE.
Depending on the type of company you are looking to open, you will need to provide certain documents in order to complete the process. This can include a copy of your passport, trade licence, and other documents such as the Memorandum of Association.
The time it takes to complete the process of opening a company in the UAE can vary depending on the type of company you are looking to open. Generally, it can take anywhere from 1-2 weeks to complete the process.
Yes, there are fees associated with setting up a company in the UAE. These fees can vary depending on the type of company and other factors, so it is best to contact us for more details.
Companies established in the UAE are allowed to pursue a range of business activities, including trading, manufacturing, services, and other activities. Certain activities may require additional licences or permits.
Yes, it is possible to open a bank account in the UAE. We can assist with this process and provide guidance on the requirements for opening a bank account.
Employees working in the UAE are typically eligible for a residence visa. The type of visa and associated requirements will depend on the employee’s nationality, role, and other factors.
The processing time for a residence visa for an employee can vary depending on the individual’s circumstances. Generally, it can take anywhere from 1-3 weeks to process a residence visa.
Yes, there are restrictions on the number of employees a company can have in the UAE. These restrictions depend on the type of company and can vary from one jurisdiction to another.
Yes, it is possible to open a branch office in the UAE. Our company can help you with the process of opening a branch office and provide guidance on the associated requirements.