Obtaining a trade license in Dubai

There are quite a few requirements in the Company Law that foreign investors who hold an interest in establishing a business in Dubai need to pay attention to. Without giving due consideration to these requirements, there is no way you will be able to establish your business. Apart from that, they should also consider the business license required for them to be able to operate their business. Choosing the license that is right for you and fulfills the requirements of your business model is extremely important. The different licenses available for foreign investors are inclusive of:

  • Industrial license
  • Professional license
  • Trade license or commercial license

A trade license is what you need

One of the most important steps to take to establish your business is to get a trade license in Dubai. The most commonly issued business permit in UAE is the trade license. Also known as the commercial license, it is meant to designate the extent of activities that a business can perform all through the UAE. For the record, this license is going to be issued by Dubai’s Department of Economic Development (DED).

If you are interested in obtaining a trade license for your company in Dubai, it is necessary for you to initially decide a trade name for your business. Next, you need to prepare a Memorandum and file it with the DED for approval purposes along with the Articles of Association and file it with the DED for initial approval. To prove the registered address of your business, it is also necessary for you to have a rental agreement with you.

Documents required to acquire a trade license

As per the experts at Crosslink.ae, companies need to submit a few documents to the Trade License and Commercial Registration departments. This is basically meant to help them acquire a trade license. A few of these documents include:

  • Original and copies of statutory company documents
  • Tenancy agreement
  • Details of all shareholders
  • DED letter with company name approval
  • Letter issued by the DED with attestation of approval for setting up the business
  • Standard application form that is duly filled out and signed by the legal representatives of the company

As long as your documents are in place, properly attested and duly filled out, there is no reason why you should face any problem as such in acquiring a trade license in Dubai. Once you acquire your trade license, getting started with the operations of your business within the Emirates should not be a problem at all for you.

Basic Sailing Skills for Newbies

Sailing is the ideal activity for people who love being at sea. If you relish in the feeling of freedom that being on a boat brings, even if you have to spend days in the middle of the vast ocean, then perhaps you should give sailing a try. Whether you can afford to buy your very own yacht, or you would like to rent a catamaran every now and then, sailing is an exhilarating marine adventure that you should definitely embark on!

Now, to get you started, here are some basic sailing skills you need to learn:

  • Read the direction of the wind – Expert sailors wind reading is actually easy, and it will come naturally once you master it. However, it can be tricky to learn. The good news? There are time-tested gadgets that can help you tell where the wind is blowing: telltales, wind vane, and the sails. You can also look out for other signs, such as smoke, flags, and other sailboats.
  • Steering the wheel – Though popularly known or called as the ship’s “wheel,” the proper term for it is actually “helm.” Similar to the steering wheel of a car, the helm controls the direction of a boat. Properly controlling the helm can take you as quickly as five minutes, or a maximum of 10. Some companies that offer yacht cruises also provide sailing lessons, where this is usually tackled and applied.
  • Trimming the sail – Knowing how to properly trim the sail is essential in controlling the speed, performance, and direction of a boat. Learn how to adjust the mainsail, headsail, or staysail so you know how you can optimise wind power and accordingly change your sails. When you rent a yacht in Dubai, try to experiment on different sail trims to get a feel of how they work.
  • Navigating the sea – Finding your way at sea is an essential skill, particularly if you plan on sailing alone in the near future. You can try what experts call the “eyeball navigation,” which is basically using what you see to set your sail. Every sailor must also have the basic tools of the trade: compass and navigation chart. Today, sailors can also rely on modern electronic positioning finding systems, including GPS and LORAN (long range navigation).
  • Understanding sailing jargons – What is a jib? Where is the starboard and port? Before you embark on a sailing adventure, make sure you have familiarised yourself with the basic nautical and sailing terms. This ensures that you are on the same page as other sailors, and you can follow and understand instructions easily.