Company setupRenting and leasing of other machinery, equipment and tangible goods

For setup of this company in Shams, the following business activities group has been chosen:

• Renting and leasing of other machinery, equipment and tangible goods (group 773):
  
  • 7730.01 - Renting and operational leasing, without operator, of other machinery and equipment that are generally used as capital goods by industries:
    • Engines and turbines;
    • Machine tools;
    • Mining and oilfield equipment;
    • Professional radio, television and communication equipment;
    • Motion picture production equipment;
    • Measuring and controlling equipment;
    • Other scientific, commercial and industrial machinery.
  • 7730.02 - Renting and operational leasing of land-transport equipment (other than motor vehicles) without drivers:
    • Motorcycles, caravans and campers etc.
    • Railroad vehicles.
  • 7730.03 - Renting and operational leasing of water-transport equipment without operator: 
    • Commercial boats and ships.
  • 7730.04 - Renting and operational leasing of air transport equipment without operator:
    • Airplanes;
    • Hot-air balloons.
  • 7730.05 - Renting and operational leasing of agricultural and forestry machinery and equipment without operator:
    • Renting of products produced by class 2821, such as agricultural tractors etc.
  • 7730.06 - Renting and operational leasing of construction and civil-engineering machinery and equipment without operator: 
    • Crane lorries;
    • Scaffolds and work platforms, without erection and dismantling.
  • 7730.07 - Renting and operational leasing of office machinery and equipment without operator:
    • Computers and computer peripheral equipment;
    • Duplicating machines, typewriters and word-processing machines; 
    • Accounting machinery and equipment: cash registers, electronic calculators etc.;
    • Office furniture.
  • 7730.08 - Renting of accommodation or office containers; 
  • 7730.09 - Renting of containers;
  • 7730.10 - Renting of pallets;
  • 7730.11 - Renting of animals (e.g. herds, race horses);
  • 7730.21 - Media equipment rental.

In addition to this group, the company can choose from two to four activity classes depending on the chosen package within one license without additional fees.

• May contain the name of a shareholder
• Must not violate the country laws or contain words that are obscene, indecent or generally offensive
• Must not contain the names of Allah, Buddha or God, or any other religious terminology
• Must not infringe any third party's intellectual property rights
• Must not be identical or similar to local/global brands or registered trademarks
• Must not contain geographical names, such as the names of emirates, cities, countries and other landmarks
• Must not contain the names of local/international religious, political or governmental organizations
• Must not be identical to an existing social media name (applicable to media companies)
• Must not contain words, such as "Park", "Venue", "Organization", "Bank", "Foundation" and others
• May contain the words "University", "Academy", "School", "Institute", "College", subject to appropriate permission from regulatory authorities
• Must correspond to the company’s business activities

Entrepreneurs can open corporate accounts in traditional banks with physical branches, as well as in digital banks and payment systems.

When choosing a bank to open a corporate account, consider the following: service level, fees, available currencies, online banking performance, bank reputation, as well as other conditions that may be important for your business.

Successfully opening a corporate bank account requires a well-prepared documentation package, which may vary depending on the specific requirements of each bank. Documents submitted incorrectly or incompletely may negatively affect the bank's final decision in processing the application.