Isn’t it interesting to know the benefits of cosmetics company incorporation UAE offers to entrepreneurs? Of course, it is. That’s why you’ve landed on this blog post that explains the perks of the cosmetics company formation in the UAE.
But why should you choose the UAE for starting your cosmetics business? Why not another country? Well, let’s explore the trends of the UAE cosmetics market before learning about the perks of cosmetics business formation.
What are the trending things in the Cosmetics industry in the UAE?
With the growing awareness of the beauty and personal care products, the forecasted revenue in this sector is USD 1.15 billion in 2022. Well, that’s actually huge. And the most interesting part about it is that 24% of the revenue will come from online sales. Here is the list of articles that will be on-trend.
- Decorative cosmetics for day-to-day makeup
- Skincare products
- Personal care products
- Hair care and styling products
- Perfume and eaux de toilette
6 Ultimate Benefits of Cosmetics Company Incorporation UAE You Must Know
1-Protection of Brand Name and Label
Botherations regarding the protection of your brand’s name and its label can be the first reason behind your sleepless nights. But a nation like UAE leaves you carefree about it. Thanks to their commendable laws for safeguarding your company’s trademark.
All you need to do is to register your trademark via an online application on the Ministry of Economy website. After trademarking your UAE-based cosmetics brand’s name, it’s the government’s authority to protect it from others.
2-Smooth Access to Both Local And International Markets
Do you know what’s the most interesting part about the Emirates? Well, it’s the accessible geographical location of the country. Located in the eastern part of the Arabian Peninsula, the UAE ensures smooth access for both the local and international markets.
Therefore, your cosmetics company in Dubai will have endless opportunities in the local as well as the nearby international markets.
3-Liberal Laws for the Import and Export of Cosmetics Products
Being a house to over 37 Free Trade Zones, the UAE is undoubtedly an excellent hub with the most liberal import-export laws. According to the custom regulations of the UAE Freezones, you don’t have to pay duties for imported cosmetics products.
Additionally, you can enjoy the benefits of custom exemptions for re-exporting from UAE Free Trade Zones to third market destinations. These market destinations can also be beyond the GCC (Gulf Cooperation Council) Customs Zones.
4-100% Support from the UAE Government
The UAE government offers complete support to various companies by providing all the essential services to their business. This facility of the UAE government will benefit your cosmetics business too.
Moreover, the business-friendly environment in the Emirates will be like a cherry on the top for motivating your business growth. As a result, you can effortlessly launch your cosmetics products in Dubai.
5-Advantages of Zero Taxes
Another amazing benefit of cosmetics company incorporation in the UAE is the zero and minimal taxation policies of this country. Consequently, it will ensure maximum chances for your company to grow in the Emirates market with minimum costs.
All in all, you won’t need to feel financially stressed during the entire cosmetics company formation process.
6-Availability of Several Zones To Choose From
The last benefit of starting a cosmetics company in the UAE but obviously not the least one is the availability of several zones to pick from. Currently, there are three main categories of zones available for starting a business in the Emirates, including:
- UAE Free Trade zones ( currently 37+ Free zones available)
- Dubai Mainland regions
- UAE Inshore and Offshore areas
Ques 1) Is it possible to use the brand name of an existing cosmetic entity across the UAE?
No, it’s not possible to use the brand name of an existing cosmetics entity in the UAE. And the reason is its already-protected name.
Ques 2) What does the cosmetics company setup cost in the UAE?
The cosmetics company formation cost in the UAE completely depends on the location you’re selecting.
Ques 3) Which UAE government is responsible for cosmetics product registration in Dubai?
You need to register your cosmetics products with both Dubai Municipality (DM) and the Emirates Authority of Standardization and Metrology (ESMA).
Wrapping it up:
The cosmetics business in the Emirates is thriving and it will continue to grow. So, if you’re thinking to invest in it, go ahead. Hopefully, after going through this blog post, you already know the reason why.
Are you ready to lap up the benefits of cosmetics company incorporation UAE serves to entrepreneurs? If yes, then you need to get in touch with the professional company setup experts in Dubai.
UAE Pro services are gradually becoming the talk of the town in the wake of growing opportunities in the Emirates. And when you’re just starting a new business in Dubai, you can’t afford to commit mistakes during the setup process.
However, when you are just entering the Emirate’s corporate market, getting involved in business registration procedures is confusing. Here is where the best PRO services in Dubai save you from unrequired hassle.
Before we explore the reasons behind choosing the PRO services UAE, let’s dive in and learn more about these services.
What All Services Does A PRO offer in Dubai?
There is a huge list of services that a PRO (Public Relation Officer) offers in Dubai. Let’s check a few of the roles of a PR professional.
- Knows about the details of company and branch and provides genuine guidance for hassle-free company registration
- Applies for the resident and employment visa on behalf of the company
- Assists businesses with passport clearance
- Help entrepreneurs in getting labour and immigration cards
- Makes it easier for acquiring company trademarks and copyright registration
- Helps organizations in the replacement of lost documents and cards
- Approval of NOC letters
- Assists professionals in changing their profession hassle-free
- Notary of legal documents
- Guides regarding the entry/residence permit amendment
- Smooth corporate bank account opening
5 Reasons Why Startups Should Go for PRO Services UAE
1-Helps in Saving Time
Time is money. We all know it well. Isn’t it? Well, hiring a PRO agency in Dubai can save both your time and money. You don’t have to familiarize yourself too much with the company incorporation process. Instead, PR professionals will do it for you.
So, you get more time to focus on your business operations rather than bursting energy on setting it up.
2- Lets Businesses Save A Lot of Costs
There is nothing wrong with being a pinchpenny when you are in the initial days of business incorporation. After all, it’s just expenses you need to bear in the starting. Just forget about profits. Thus, it becomes essential to cut your expenses as much as possible.
When you seek guidance from PROs, they help you in acquiring the necessary documents at an affordable price.
3- Makes Company Incorporation A Smooth Process
Establishing a company in the Emirates isn’t as simple as it seems. You need to pass through a huge list of procedures for it. These processes begin from selecting the company location, deciding on the business structure, choosing the suitable business activities, etc.
PROs make this process easier for you. They liaison with government bodies and authorities for ensuring your company registration process in a short span of time.
4- Beneficial For Ongoing Businesses
If you’re thinking that UAE PRO services are just for incorporating a company, then it’s a piece of partial information. Actually, their role is beyond it. They help you in keeping your bills and other regulatory documents intact.
Moreover, they even save you from levied fines due to license expiration by updating you about UAE visa renewal procedures.
5-Ensures Transparency In Businesses
Another good thing about taking the best UAE PRO services is the transparency they maintain by handling reports and feedback. In the present scenario, running a transparent business is extremely important for any organization, no matter wherever it is being operated.
PR officers ensure to balance the equilibrium of this transparency between you and the authorities your business is registered with.
Ques 1) What are the business stages where PRO services in Dubai are much needed?
PRO services are needed in every business stage, be it company registration or license renewal. They make it a smooth journey when it comes to running a business in the UAE.
Ques 2) How much does the best Pro services in UAE charge?
The charges for availing of the PRO services in the Emirates might vary depending on the type of service you are picking. For instance, the charges are higher for the mainland company incorporation as compared to the UAE Free zone entity registration.
Ques 3) How many days will it take for the completion of my UAE visa stamping procedure?
After getting the needed documents, the usual duration for the UAE visa stamping procedure is 10 days with 3-year validity. Moreover, this validity expands to 3 Years if the employer is a government entity or has a Freezone visa.
Summing it up:
Seeking guidance from the PRO consultants makes it a park’s walk for running your business in the UAE. And after reading this blog post, we are sure that you’ll agree to it. Are you ready to pick the world-class UAE PRO services for your startup business? Feel free to connect with the world-class PRO service providers in Dubai.
Your Google search engine filled with queries like “HR consultancy near me” is a good sign. Do you know why?
It’s because you are actually thinking wisely about the expenses of your startup business in the UAE.
The concept of hiring an HR consultant is gradually becoming the talk of the town amongst the entrepreneurs. And the credit goes to the smooth recruitment guidance they get from them for maintaining a healthy work culture. Let’s explore 5 reasons why hiring an HR Consultancy Firm in Dubai helps you in winning the best talents for your business.
5 Benefits of Seeking Guidance from HR Consultancy in Dubai
1-Helps Businesses Focus On Their Core Activities
Handling a business isn’t a child’s play. This process includes the accomplishment of a lot of day-to-day tasks. At this moment, channelizing your energy on hiring employees for the organization is a distracting thing.
After outsourcing an HR agency for your Dubai-based startup, you can put your 100% energy and effort into managing the core business activities.
2-Adds Value For Money
Did you know? You can save a lot of money in the initial days of your business incorporation in the Emirates. And it’s possible with the help of an HR consultancy firm. HR firms have an entire team of recruitment experts who makes the hiring process in your organization hassle-free.
Enlisted below are some tasks they perform in the hiring procedure:
- Scheduling Interviews
- Hiring Relevant Candidates
- Conducting POFU (Post offer followups)
- Onboarding & Training of the Employees
3-Ensures Employee Development & Their Training Sessions
Try outsourcing the HR functions of your organization to an HR Consultant near you. Hence, it will let businesses manage employees’ overall development. Human resources experts implement all the essential performance management programs for helping employees comply with company policies. Moreover, they monitor the performances of your company’s employees and report it to your management.
4-Enhances Employee Satisfaction and Their Retention
Another good thing about outsourcing the best HR consulting agency in Dubai is a positive transformation in employee satisfaction. An HR consultant takes honest opinions from your employees about their work and advice regarding the changes in the organization.
This way they develop an effective feedback mechanism for ensuring employee satisfaction to retain them in the company.
5-Minimizes in Risk Management in Organizations
Businesses can minimize their risk by hiring an expert in human resources. It can sometimes be difficult for employers to keep up to date with changes in HR policy creation and labour/employment laws. In order to prevent you from having to worry about these laws, HR consultants stay on top of them.
In addition to ensuring that your policies and procedures comply with current laws, they ensure both employees’ and employers’ safety. Furthermore, they regularly update your documentation to ensure you are always up-to-date.
Ques 1) How does an HR Consultancy work?
A best-in-class HR consultancy agency provides you with ultimate solutions for handling your business. These solutions include HR consultancy, advisory services, and career development guidance.
Ques 2) what are HR consultancy services?
Several businesses that don’t want to get into the hassle of hectic hiring processes usually consult an HR consultant to help them out. An HR consultant is an industry expert who gives them genuine guidance for managing the Human resource work of their business.
Ques 3) How much should HR consultants charge?
The charges of HR consultants might vary depending on the services and the experience they have in the industry.
Wrapping it up:
Undeniably, if your day starts with browsing for the best HR consultancy firm near me in Dubai, then you’re on the right path. Your startup business actually needs it. Hopefully, this blog post will give you the ultimate reasons for choosing an HR agency in the UAE.
Being a doctor there is nothing better than getting a Dubai Golden Visa in 2022. It’s because this year is full of surprises when it comes to new rules and regulations related to practising medicines in Dubai.
Since the UAE secures the 22nd position in the World Index of Healthcare Innovation, this country holds endless scopes in the healthcare sector. And acquiring a Golden visa will be like a cherry on the top of the cake for doctors.
In this blog post, we will give you 5 essential reasons why doctors must apply for the UAE Golden in 2022. But before that, let’s explore the eligibility requirements for the doctors who wish to get the UAE Golden visa.
What are the Dubai Golden Visa requirements for doctors?
There are some eligibility criteria you need to fulfil to apply for the Emirates golden visa or permanent residency visa. As a doctor, you are eligible to get the Golden visa if you fit under the following conditions:
- A doctor from specialized fields of medicine, such as innovative technology, science, and human health care
- Licensed doctors by the health departments of the UAE can also apply for the UAE golden visa from July 2021 to September 2022
- The medical practitioner who received the licenses from the health regulatory bodies in the UAE
5 Benefits of Dubai Golden Visa in 2022 For Doctors
Now, when you know the eligibility criteria to apply for the UAE golden visa for doctors, let’s check its benefits.
1- Residency Status of 10 Years
One who holds the Dubai Golden visa also achieves the residency status of 10 years. You can lap up the benefits of 0% corporate and income tax if you hold a Golden visa. Moreover, establishing your medical clinic across the UAE becomes hassle-free with a golden visa.
2-National Sponsor Isn’t Required
The toughest challenge one has to face while applying for a residency visa in the UAE is to look for a national sponsor. But it’s not the same case for the Dubai Golden visa for doctors. The newly introduced framework of the Emirates Golden visa allows foreigners to live, study and work in the UAE without any need for a national sponsorship.
3-Stable & Secure Living Standards
Everyone craves a stable and secure living standard irrespective of their profession and country. Although any UAE visa offers a state-of-the-art living environment, it’s even more in the case of the Emirates Golden visa.
4-Freedom to Open Multiple Accounts
Having the freedom to launch multiple bank accounts is a win-win situation for any individual who lives in a foreign country. It’s because the more banks you have, the more places you get to save your money. The UAE golden visa allows you to open multiple bank accounts across the Emirates.
5-Liberty To Travel Across The Emirates
Imagine your patient lives in the Dubai Mainland area and you stay in the UAQ free zone. Will it be possible for you to visit your patient? Yes, it’s possible if you hold the UAE Golden visa. Emirates Golden visa holders get a chance to travel, study and work freely across the UAE.
Wrapping it up:
Indeed, the Emirates Golden visa holders have endless scopes in every sector, be it real estate or healthcare. Hopefully, after reading this article post you know the benefits of having a Dubai Golden for doctors in 2022. So, you should definitely apply for it if you are a doctor and qualify for all the eligibility criteria.
Do you need some expert guidance regarding the hassle-free application process for the UAE Golden visa? Feel free to connect with the experts in that case.
Knowing the right steps for trading company registration in Dubai has always been a hustle bustle for the entrepreneurs. Who takes the credit? It’s the ample zones available for incorporating an import-export entity in the UAE.
And being an entrepreneur it’s inevitable for you to face endless confusions and challenges. These hurdles and confusions could be in terms of choosing the right locations, getting license approvals, or whatnot.
In this blogpost, we’re going to share the 6 most essential steps to incorporate a trading business in the UAE. But before that, let’s know a few scopes of setting up a trading entity in Dubai.
What are the scopes of trading company registration in Dubai?
The import-export entities are booming in Dubai. It’s because a trading company in the UAE earns a lot of profits. As per the Statista’s reports for the year of 2020, the Emirate’s trade balance crossed 93.54 billion U.S. dollars. Isn’t it huge?
Here is why registering a trading company in Dubai has endless scopes:
- Perfect location with an excellent accessibility to ports
- Convenient product distribution management
- Liberty of duty free export to over 17 middle east counties, and more.
How to get started for Trading Company Registration in Dubai?
Now, when you understand the scopes and benefits of starting a trading entity in Dubai, let’s see how to register it. Let’s dive in.
1-Select Your Trading Activity
While registering an import export business in the UAE,the first step is to choose your trading activities. These activities will help you in deciding the suitable type of license for you.
For instance, if you desire to trade multiple unrelated goods, then a general trading license will be the best alternative.
2- Think of a Company Name
After listing out trading activities, the next essential thing you have to do is to think of a company name. Make sure you are keeping certain things in mind while doing it. You just need to abide by a few name conventions, such as:
- The name must not include any offensive or blasphemous language
- Restrain yourself from using the names of well-known organizations
- In case you use your name, then avoid using abbreviations
3- Decide on a setup location
Dubai serves you a lot of location choices to incorporate your trading company. Whether you start your trading business in Dubai Mainland, or incorporate it a UAE free zone, that’s your call. We will recommend you to choose any of the UAE free zones to get started.
For example, Fujairah Free Zone that is just 15 minutes away from Fujairah Port will be an impeccable choice. Thanks to the capability of this port for serving direct routes to the Persian Gulf, the Indian subcontinent and Africa.
4- Apply for the suitable trading license
Are you now thinking how to apply for the suitable trading license for your business? Well, it isn’t a rocket science. There are two ways for doing it. One way is to directly apply for it from the Department of Economics Development (DED). Whereas, the other way is to go the municipality of your chosen emirate to apply for the relevant trading license.
Enlisted below is the list of the documents you need to provide:
- 100% filled up application form
- Proposed owner’s passport copy
- Two colour passport size photographs with a white background
5- Fulfill The Customs Requirements
Since you are planning to trade with various companies situated around the world, considering custom requirements becomes essential. Although you can lap up the benefits of import-export tax exemptions in free zones, you still need an import code. You need to request it from the Federal Customs authority.
All you need to do is to offer the following documents:
- General trading license’s copy
- Passport’s copy
- Information about the trading activities
6- Obtain the Required Visas
After applying for the business license, the next crucial procedure for trading company incorporation in Dubai is to get the required visas. It’s always a great idea to seek guidance from the company formation experts based out in Emirates.
In order to be eligible for the maximum number of visas,there could be a plethora of factors. You will need to evaluate your company’s size, your chosen setup, and a lot more things.
Wrapping it up:
Indeed, incorporating a trading company in Dubai has endless scopes and possibilities. So, investing in it is definitely a win-win game for entrepreneurs. Hopefully, the above-discussed steps will give you more clarity for undergoing smooth trading company registration in Dubai.
Do you still need one-to-one assistance for your trading business formation in Dubai? Feel free to connect with Industry experts.
If you’re willing to incorporate a cyber security business in Dubai, then it’s a great move. All you need to do is to follow the right steps to establish it without any hassle. Check out this blog post and know these steps one by one.
The cyber security market is reaching the heights every day. Why so? Well, with the growing cyber solutions, the chances of unparalleled cyber attacks are just inevitable. NMSC (National Merit Scholarship Corporation) forecasted the value of the global security market to reach 430.46 billion U.S. dollars by 2030.
Dubai holds a strong reputation when it comes to ensuring cyber security of individuals and businesses. It simply means that this city serves endless scopes for establishing a cyber security entity.
Let’s dive in and check a few more reasons why starting a cyber security business across the UAE is essential.
Why Should You Incorporate A Cyber Security Business In Dubai?
Currently, there are over 90% UAE residents who scroll through one thing or the other over the internet. And with the booming usage of new technologies across the internet, such as smart cities, cloud, IoT, and much more increases the need for cyber security.
Now, when there are so many data vulnerabilities across the web, having an effective data security system also becomes important. It’s possible by taking services from the cyber security firms across the UAE. Scroll down to check the methods for forming a cyber security business in Dubai
5 Hassle Free Steps To Incorporate A Cyber Security Business in Dubai
When you now understand how essential it is to establish a cyber security business in the UAE, let’s check the steps.
1- Decide On Your Entity’s Name
One thing that’s extremely important while starting a cyber security business is to decide its name. You need to be extremely particular about it. There are certain conventions you have to keep in mind while choosing the name of your business. For example, avoid using names which include offensive words.
2-Identify The Jurisdiction
Did you identify the jurisdiction for your cyber security business? Well, it’s important to do it as soon as possible. The UAE government offers three economic zones or jurisdiction for incorporating a business in Dubai, such as:
- Dubai Mainland
- Free Zone Regions Across The UAE
- Offshore and Onshore Areas
You can always identify your jurisdiction according to the business needs and requirements.
3-Choose Your Legal Structure
While establishing a cyber security business in the UAE, choosing a legal structure for the company is a not-to-miss step. Make sure you are doing it. This offers the organisation to handle the losses and profits along with structuring the assets and resources. Getting a cyber security business license is impossible without outlining the legal structure.
Enlisted below are some of the business layouts and legal forms that are open for registration across the UAE:
- Free zone company branch
- Sole establishment
- Limited liability company (LLC)
- Local or foreign company branches
4-Submission Of Documents Cyber Security Business Incorporation In Dubai
Setting up a cyber security business and getting a license for it is just like the two wheels of a moving cycle. Both the processes work simultaneously. Still, the approval and paperwork steps have multiple stages. In this case, you can connect with the best-in-class business setup consultants like TVG.
Let’s check out the required documents for setting up a cyber security firm in Dubai:
- If you or your partners are employed by a company, you need a No Objection Certificate (NOC).
- Your office space should have a valid tenancy contract.
- An attestation of the Memorandum of Association.
- You need to fill out application forms.
- Present the copy of your passport
- Provide a copy of your Emirates ID
5- Apply For The Visa
Last but not the least, you need to ensure that you’re applying for the relevant visa. You need to be extremely careful while providing the needed information for visa application procedure. Here are the 4 stages of your UAE visa application process:
- Getting an entry permit
- Making changes to the legal status
- Undergoing the medical screening test
- Obtaining stamped visa and acquiring the Emirates ID
Summing it up:
Indeed, establishing your dream cyber security business in Dubai won’t be rocket science if you’re following the aforementioned steps. All you have to do is to ensure that you’re providing the relevant information while filling your visa and business license application forms.
Are you confused while deciding on the suitable location to incorporate a cyber security business in Dubai? Feel free to call business setup experts in that case.
If we talk about the benefits of eCommerce business registration in Dubai, then it’s an impeccable opportunity. Ecommerce businesses are thriving across the globe. And according to a survey conducted by Statista in 2021, the estimated eCommerce sales will grow by 23% across the UAE between the years 2018-2022. Well, it simply means that eCommerce businesses serve as a great opportunity for entrepreneurs to become a billionaire.
Here are 7 Ultimate Tips You Can Follow For Successful eCommerce Business Registration in Dubai
1. Explore The Market Potential
Before the commencement of your eCommerce business in Dubai, it is extremely essential to analyze the market trends. You need to understand your target customers’ psychology and then work on the UVP(Unique Value Proposition) of your business. Depending on the market potential, you can choose any of the following business models:
- business-to-business(B2B) module
- business-to-client(B2C) module
- client-to-business(C2B) module
2. Select A Suitable Location For Ecommerce Business Registration In Dubai
Location is another factor that you need to consider if you are thinking of registering your eCommerce business in Dubai. An advantage of incorporating an eCommerce business in the UAE is the hassle-free business operation without a need for physical space. Here are two zones which you can choose for establishing your eCommerce venture in Dubai:
- Free Zones
The UAE offers 40+ free zones for business incorporation. The most suitable free zones for eCommerce enterprises include SHAMS Free zone, IFZA, Dubai Airport Free Zone, SPC Free zone, etc. The good things about starting a business in the free zones are 100% ownership, 0% income tax, full business profit repatriation, and much more.
- Mainland Zone
Another location option for investing in an eCommerce business is the Dubai Mainland. Currently, there are two legal areas you can approach for getting a Dubai mainland business license. A mainland eCommerce company get an official authorization from the Dubai Economic Department (DED) to operate business internationally and locally.
3. Register the Name of Your Ecommerce Entity
Once you choose the location, the next step is to register the trade name of your eCommerce venture. All you need to do is to fill up an application form after receiving it from the suitable Economic Department.
One thing you need to keep in mind is to decide on a name that is valid for Dubai. For instance, avoid using names which contain foul, religious, and controversial names. In case, your company name is after a person, use his/her full name.
4. Obtain An Ecommerce License
Chosen the suitable location for your eCommerce store and Decided on its name? What next? Yes, you’re guessing it right. It’s how to apply for an eCommerce business license in Dubai. Enlisted below are the eligibility criteria for obtaining an e-commerce license in the UAE:
- The owner’s age must be 21 years or above
- A valid Emirates ID
- Need for a registered company name
- Payment of fees within 24 hours of the registration form submission
- Completion of the registration process with DED
- Annual license renewal within one month of the expiry date
5. Create A Flawless Ecommerce Website
Can you imagine yourself gaining profits from an eCommerce business without a commendable eCommerce website? Of course, it’s unimaginable. Make sure you are developing a user-friendly, secure, SEO-friendly and speed-optimized eCommerce website for your business. You can hire professional eCommerce website developers for it.
6. Incorporate A Secure Payment Gateway
A trustworthy eCommerce website is one that has a secure payment gateway. Thus, you also need to integrate one for your eCommerce store. You require a merchant account from your local bank or a payment service provider for making it possible.
Be particular while optimizing the payment getaways which handle the user traffic as per the TRA (Telecommunications Regulatory Authority) guidelines. It’s also essential to ensure that your website offers 24/7 customer support in case of payment failures.
7. Provide 24X7 Customer or Logistic Support
Whether it’s offering round-the-clock customer support, managing technical aspects, or building a strong logistic system, everything matters. Your eCommerce business should include them all.
Import and export facilities are unavoidable elements for an eCommerce store’s survival. So, you need to manage them impeccably.
Summing it up:
Undoubtedly, Dubai has the fastest-growing eCommerce market in the Middle East and it will continue to grow in the future. You just have to follow the aforementioned steps for your eCommerce business registration in Dubai and see the magic. The dream of earning billions through your eCommerce business will turn into reality.
Are you ready to take the first step in registering your eCommerce business in Dubai? Seek free consultation from industry experts.
If you’re thinking of undergoing offshore company registration in Dubai, then there are certain steps you have to follow. These steps are the factors that ensure whether the offshore areas of Emirates are suitable for your business activities or not.
Once you undergo the entire procedure, it becomes a matter of a few weeks to form an offshore company in Dubai. Let’s explore all the steps to establish an offshore company in the UAE.
Step-by-step Guide For Offshore Company Registration in Dubai
Incorporating an offshore company in Dubai is a hassle-free process. All you need to do is to follow certain steps. Here are they:
1- Choose A Company Name
The first step is to decide on your company name according to your business activities. Make sure you are initially verifying the name of your company with the registrar. Don’t forget to include Ltd. or Incorporated in the end. Also, avoid using the following words in your company name:
- building society
- Chamber of Commerce
- Mutual fund
- and Emirates.
2. Fill Up The Application Form
Once you choose the respective company name, the next requirement is to fill up the application form. Submit the relevant documents, including:
- Documents proving the identity of the directors and shareholders
- Proof of the address of the shareholders and directors
- CV of the shareholders and directors
- An effective business plan
- Photographs of the directors and shareholders
These document requirements are slightly different for individuals and corporate business entities. Scroll down to know about them in the next step.
3. Submit the Required Documents
After the collection of required documents, make sure you are submitting them to the concerned authorities. These authorities will review the submitted documents and issue approvals.
Suppose you are an individual shareholder, provide the enlisted documents:
- Shareholder’s attested passport copy
- Residential Proof
- Document of original bank reference
- Information about the shareholder/owner
- Company’s name preference
- Newly formed offshore company’s business activities
- Arrangement of beneficiaries according to their hierarchy
In the case of Corporate Shareholders
- Resolution adopted by the Board
- A Memorandum of Association
- Parent company certificate that mentions the name of shareholders/directors, and it should be duly attested.
- Hierarchy of beneficiaries
4. Prepare the MOA and AOA
Moving ahead after obtaining the approvals, the next procedure is to draft the Memorandum of Association (MOA) and the Articles of Association (AOA). Prepare each of them in the English language which is a practical language for international business.
These drafted documents will be reviewed by the relevant authorities. Once they approve these documents, you can officially incorporate your offshore company in UAE.
5. Establish an offshore account
The full and final step for ensuring Offshore Company Registration in Dubai is to open an offshore bank account. This bank account will allow business owners to carry out business transactions effortlessly.
Furthermore, the offshore jurisdictions also assist the business owners in opening offshore companies and offshore bank accounts in various locations across the UAE.
You also need to remember that an offshore company can’t carry out any business activities on the territory of the UAE. Offshore entities are just allowed to open offshore bank accounts in Dubai and buy real estate.
Summing it up:
Without a doubt, this blog post covers all the essential steps and documentation processes required to incorporate a Dubai offshore company. You just have to undergo these step-by-step methods for Offshore Company Registration in Dubai.
Are you finding this process complicated due to your unawareness of legal regulations? Well, it’s always a constructive thought to seek advice from professional business consultants in that case. We can help you in establishing your offshore company across the UAE without any hassle. Feel free to reach us.
Acquiring a Dubai Partner Visa is like a dream come true especially if you are a budding entrepreneur. And why not? After all, UAE ranks 16th position on the Index of Global Ease of Doing Business. It simply means that doing business in Dubai is just like walking in the park.
But you can’t start a business in the UAE if you don’t even have a Partner aka an investor visa. Check out this blog post for getting the complete detail on registering for a partner visa aka investor visa in Dubai.
What are the Required Steps to register for a Dubai Partner Visa?
Holders of investor visas in the UAE are entitled to a number of exclusive benefits. Therefore, if your business needs fulfil the essential requirements, you should consider applying for a partner visa in the UAE. Please follow the steps below to do so:
- Submission of visa application
- Completion of the request for status change
- Go for the mandatory medical examination
- Apply for Emirates ID via authentic Typing Centre
- Get a stamp on your Partner’s Visa
Detailed Description of the Required Steps for Getting A Dubai Partner Visa
Indeed, applying for an investor or partner visa in Dubai involves a particular procedure. Let’s explore the above-mentioned steps for obtaining a partner visa in the UAE if are an entrepreneur:
Submission of visa application
If you want to submit the visa application without any mistakes or contradictions, then you should take it to the local typing centre. The experts over there will ensure the error-free filling of your visa application. Moreover, you can apply for a partner/investor visa if the partner owns a minimum of 25% of the venture.
Additionally, you need to keep all the mandatory documents handy for the purpose of identity verification. Once the immigration council approves your request, you need to accept the emailed investor visa application consent.
Completion of the request for status change
After the completion of your investor visa UAE application, all you need to do is to change the application status. Here is how:
- Firstly, wait for some time to receive the approval from the GDRFA (General Directorate of Residency and Foreigners Affairs Dubai)
- Secondly, go to the sanctioned typing centre for winding up the changed status of the application. Make sure you received the approval from the GDRFA before following the second step.
Notably, this process can be a hassle if you miss even a single detail. Thus, we will advise you to seek guidance from visa professionals.
Go for the mandatory medical examination
In order to apply for an investor visa in the UAE, a medical examination is an obligatory step in the process. First of all, you must complete the medical typing in order to qualify for the examination.
Later on, you can visit the authorised medical centre on the assigned date. Perform the organised medical test by the authority and get an instant result for it.
Apply for Emirates ID via Authentic Typing Centre
Emirates ID is important for a safe stay in various regions across the United Arab Emirates. So, it’s extremely essential that you are having one. After the completion of the medical typing and health exam, make sure you’re focussing on the Emirate ID typing procedure.
Various legitimate permits, even the partner visa Dubai needs to be linked to a valid Emirates ID. Moving ahead, you might also need to authorise your fingerprint according to the genre of your application and industry standards.
Get a stamp on your Partner’s Visa
Lastly, after winding up all the aforementioned requirements, make sure you get a stamp on your UAE Partner Visa. There are certain officials assigned for this purpose. Go to an authorised location for the commencement of the visa stamping process.
In the end, the Immigration Department will send you an approval/rejection message to your official mobile number.
Wrapping it up:
Without a doubt, investing in Dubai becomes a smooth process if you have an investor/ partner visa. And after reading this blog post, you can imagine how easy it is to get your Dubai partner visa.
Although this process is effortless, seeking advice from a professional consultancy firm can make things even easier for you. They will guide you in choosing the suitable type of partner/investor visa Dubai.
UAE Visa Renewal process can sometimes be confusing due to several steps involved in it. Check out this blog post to know the right steps to apply for your residence visa renewal in UAE.
Staying and falling in love with the skyscraper city aka Dubai is most individuals’ dream. And why wouldn’t they dream of it? After all, this place weaves the stories of growth and progress every day. Thanks to its world-class infrastructure and facilities that are gradually making it an investor-friendly place. Moreover, you can also stay assured about your security while living here.
After reading this blog post you will know everything about renewing your resident visa in this trade hub country. Let’s dive in.
Why Is UAE Visa Renewal Essential?
Going for a visa renewal UAE is extremely important if you want to enjoy the long-term benefits of staying here. It’s because, with a renewed UAE Visa, you can continue to live in the city of wonders with its government’s permission.
General Directorate of Residency and Foreigners Affairs (GDRFA) gives a grace period of 30 days to stay in the UAE after the visa expiration. Consequently, your other documents like Emirates ID card, Citizenship car, Customs & Ports Security (ICA) will automatically expire. After that, you need to pay heavily levied fines for residing in Dubai.
According to the fine system of the UAE immigration, here is the penalty to need to pay:
- During the first six months (180 days), pay AED 25 per day
- In the next 6 months (180 days), the levied penalty is AED 50 per day
- After passing one year, you need to pay AED 100 per day
What Is the Earliest Time To Apply For The Visa Renewal UAE?
Although, the time limit for the renewal of an expired residence visa is 30 days from the expiration date. Still, you can renew it a few months earlier if you have some travelling reasons. This duration could be between one to six months.
Just seek special permission and approval from the relevant authorities of the General Directorate of Residency and Foreigner’s Affairs.
How to Apply for the UAE Visa Renewal?
There are a few requirements you need to keep in mind while applying for your visa renewal in the Emirates. These might vary from individual to individual. Let’s have a look at each of them:
Basic Document Requirements
There are certain basic documents necessary to renew your UAE visa. Here are they:
- The necessity to pass the medical fitness test if you are above 18
- Need to have an insurance card (especially for Dubai and Abu Dhabi)
- One has to present the newest identified card that has been issued from ICA or the proof of original registration receipt
- Signed online application form by the sponsor that declares the residency permit
- Sponsor’s original passport
- Sponsor’s photograph
For Employers Who Belong To The Private Sector
Suppose you are an employer working in the private sector, your sponsoring company needs to submit the following additional documents:
- Valid firm card copy
- The most recent trade licence copy
- Sponsor’s renewed labour card copy
- If your sponsor is an individual above 60 years of age, then they must present the labour card renewal receipt copy
Requirements For Individuals Who Are Sponsoring Their Family Members
In case your sponsor is your family member, maybe your spouse, child or parent, then they need to present:
- The husband/wife’s employment contract or a copy of the company contract for investors
- Need for an employer’s salary certificate detailing the employee’s monthly salary
- Legalized certificate of marriage
- Registered contract of tenancy
- Recent bill of utility
Summing it up:
Indeed, this blog post has everything you need to about UAE visa renewal. The next step you need to follow is to hire a consultancy firm for residence visa services in Dubai. Our experts can do it for you, we have years of experience in hassle-free UAE visa processing.