Everything You Need To Know About UAE Visa Renewal (Steps For 2022)
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.
Why LLC Company Formation In Dubai Is A Worth While Investment? (7 Reasons)
When it comes to LLC company formation in Dubai, you might have a lot of questions in mind. These could be related to the suitable location, required documentation, and the company establishment cost. On top of that, the most thought-provoking thing is whether investing in LLC company formation in the UAE, is the right decision or not.
But before we share the benefits of setting up an LLC company in the UAE, let’s check the various zones available for you.
Location Opportunities For LLC Company Incorporation In Dubai
Being a successful trade hub, this city of skyscrapers has a plethora of zones available for performing business activities. These zones serve as a great opportunity for several newcomers and entrepreneurs who wish to invest in Dubai.
Here are those essential areas suitable for LLC business in the Emirates:
- Dubai Mainland Zone
- Dubai Free Zones
- Dubai Inshore and Offshore Areas
You can always choose the suitable region for commencing your Limited Liability Company in Dubai as per your business needs. Let us now share the top 8 reasons for establishing an LLC company in Dubai.
8 Reasons Why LLC Company Incorporation in Dubai is A Right Investment
Setting up an LLC in Dubai can be a win-win situation for your business. Here are the top 8 benefits you can get by forming one.
1-Gives Affordable Business Solution
The biggest thing of botheration for most investors is the load of investment they need while starting a business. But there isn’t any minimum capital requirement for starting an LLC company in Dubai. As a result, you get ample cost-effective business solutions for incorporating an LLC in Dubai.
Also Read: Steps and Procedures for Business Setup in UAE
2-Offers Protection Against Liability
Having an LLC lets you keep your assets separate from your business activities. It means you are just responsible for your shares in the capital of the LLC company. And it’s like a cherry on top when you are forming LLC in Dubai because you don’t have too many restrictions.
3- Allows Managerial flexibility
It is possible to manage an LLC by the owners (members) or by outside managers. Having this flexibility will allow you to run and structure your business the way you want. Moreover, in a place like Dubai, you are never out of a talented workforce. So, getting a skilled team for handling the management of an LLC is also easy here.
4-Lesser Ownership Restrictions
In an LLC company, there are possibilities of zero interference of your UAE partners under a few contracts. As an investor, you can handle the business without any need for a local partner. Consequently, this gives you the freedom to regulate day-to-day business activities.
5-Serves Freedom of Renting An Office
While incorporating an LLC company in the UAE, you get the liberty of renting an office in the UAE. Also, you can even start the brand offices within the country or abroad. Since Dubai’s central location and world-class infrastructure are suitable for most businesses, your LLC can surely thrive here.
6-Exempts Heavy Tax
You don’t have to worry about paying heavy taxes while running your LLC in Dubai, it’s almost negligible here. Furthermore, with an LLC company formation in Dubai free zone, you can enjoy the benefits of 0% corporate and income tax. Besides that, the VAT rate in Dubai is just 5%.
7-Enhances the Company’s Image
When you establish an LLC in Dubai with local partners, it can boost your business image. Do you know how? It’s because this step will allow you in building trust among your clients and customers. As a result, this lets you get more opportunities from the local markets.
gain more access to local markets.
8-Provides Access To The UAE Mainland Market
Another advantage of setting up an LLC company across various regions of Dubai is the accessibility to the local market. It can be a favourable condition for approaching your target audiences.
Summing it up,
Although there are ample reasons that support LLC company formation in Dubai, the process of getting started can be complicated. There is a lot of paperwork involved and you can’t do it carelessly. You need industry experts for guiding you in hassle-free company incorporation in Dubai. Our professional team can do it for you. Feel free to contact us.
7 Essential Reasons to Incorporate Your Business at SHAMS Free Zone
Still, deciding whether you should incorporate a business at SHAMS Freezone or not? Well, you must go ahead. It’s surely going to be a wise decision. Sharjah Media City Free Zone aka SHAMS provides a plethora of benefits to aspiring entrepreneurs. And the most beneficial industry in the Sharjah free zone is the media and creative sector. Thanks to the world-class infrastructure of this place for making it a hub for modern media services.
The UAE free zone has always been a booming area when it comes to establishing a company. Some perks of company incorporation in a free zone are 100% ownership, full repatriation of profits, zero income, corporate taxes, and a plethora of activities. And, for SHAMS company formation SHAMS free zones just boast them.
Are you now eager to know more about the advantages of setting up a company in SHAMS-free zones? If yes, here are the 7 essential reasons you should definitely know.
SHAMS company formation: 7 Important Reasons To Incorporate Your Business at Free Zone
1. Affordability in Establishment
Sharjah isn’t that expensive if you wish to establish a business. It’s even more affordable than the regions of Dubai. In Shams, you can set up a company with a starting annual license fee of AED 11,500. Just like other free zones, even in SHAMS, you have the following perks:
- Foreign Ownership Permissions
- Full Repatriation of Capitals and Profits
- Liberty from custom duty
- Zero personal or corporate tax
2. Fast and Hassle-Free Registration Process
When the rules and regulations are comparatively strict, SHAMS zones are setting a benchmark in terms of liberal laws. Getting business approval from authorities is easier in SHAMS Free Zone. You don’t have to do too much paperwork.
Kudos to the digitalization of the process. Just wait for three days after applying for a business license in SHAMS are you’re done.
3. Favourability of Location
The free zone of Sharjah is just 15 minutes away from Dubai Airport and 5 minutes away from Sharjah Airport. This city is a complete package of a rich commercial zone with a well-planned network of roads and metro. Moreover, its explicit residential boulevards, creative units, hotels, and plazas have a strong transportation network.
4. Lesser Time Involved In Installation
Forming a company in Sharjah Media city takes lesser than a week. While all the documentation and paperwork were completed within a time span of 2 days. The entire team of TVG consultancy ensures the completion of the remaining process including the Visa stamping and Immigration card formalities in a month. Additionally, they recruit the workforce for you without the requirement of contract attestation from the Ministry of Labor.
Also Read: 6 Reasons Why Dubai Mainland Business Incorporation Is A Win-Win Game
5. Easier Visa Process
One unignorable benefit of establishing a business in Shams Media city is quick visa access. It gives you the freedom to acquire investor visas without any age restriction or payment deposit. The limit is up to six visas through the facility of the shared desk.
6. Business Formation Benefits Without Any Physical Presence
Companies do not need any physical presence for the legitimization of their existence in the Shams free zone. It lets the owners operate their business from anywhere. Companies can enjoy all the advantages of LLC with the power to appoint the corporate directors and corporate managers in the firm.
7. Introduction To A Registered Agent System
Shams free zones introduce an effective registered agent system. As an investor, you can incorporate your company through a registered agent for the purpose to maintain the point of contact. It contributes toward a decentralized structure that offers quick customer service and valid information support.
Wrapping it up:
Without a doubt, you’ll surely incorporate your business at Shams Free Zone after reading this blog post. And why not? After all, there are so many perks your business can enjoy in the Shams Media Free Zone. Ready for the positive change? Get in touch with the experts to make your business formation in UAE Free Zones a smooth process.
Faq
- What are the SHAMS Free zones in the UAE?
Launched back in 2017, SHAMS free zone aka Sharjah Media city is one of the free zones in the Emirates. This zone holds endless opportunities for the business of the servicing sector, such as tourism, media and broadcasting, etc. - How much does it cost to start a business in Sharjah?
The cost of starting a business in Sharjah depends on the type of business you are willing to start and the number of licenses you require.
- If I take License from SHAMS, will I be able to do business in other emirates?
No, your SHAMS business license is not valid in other zones of Emirates. You can only do business in the Emirates with a mainland company license.
6 Reasons Why Dubai Mainland Business Incorporation Is A Win-Win Game
If you’re planning for Dubai Mainland business incorporation, it can be a win-win game. And why not? After all, Dubai’s surprising industrial growth isn’t hidden from anyone. It simply implies that Dubai Mainland Company formation is the most preferred option for many investors.
One reason is the advantage of 100% repatriation of profits and capital gains investors get while doing business in this skyscraper’s city. Eager to know the other reasons? Let’s dive in.
6 Reasons Why Dubai Mainland Company Formation Is A Win-Win Game
Your decision makes sense if it’s setting up a company in Dubai Mainland. Want to know why? Check out these below-listed reasons:
1. Exposure to the local Market Place
One thing that’s really exciting about Dubai is its local market. It holds a strong place with a plethora of opportunities for business aspirants. No matter which industry you belong to, there are endless scopes for your company to thrive. Here are a few industries that are doing exceptionally well in Dubai today:
- Retail
- Tourism & Hospitality
- Hospital & Health Care
- Marketing & Advertising
- Automobiles
- Construction
- Food & Beverages
- Education and Consultancy
- IT & Softwares
2. Liberty to Trade Within Dubai and Other Regions in the UAE
After setting up your company in Dubai Mainland, you can enjoy the freedom of trading with Dubai and other Emirati regions. Thanks to the liberal trading permissions this city grants you. In short, there are no restrictions on legal and legitimate trading activities.
All you need to do is to connect with the DED(Department of Economic Development) and other government bodies for the completion of legal procedures. Just submit the required documents after placing the request for approval.
3. Benefit of 100% Business Ownership
The need for 100% ownership is always a major concern for entrepreneurs and investors whatsoever the business is. Which business owner likes to share his/her equity? It only happens either due to the shortage of funds or strict company laws of the country.
In Dubai Mainland, at least you don’t have to bother about the company ownership laws. It’s 100% ownership without any need of hiring the local sponsor/UAE national according to the latest amendments.
Also Read 7 Explicit Benefits Of IFZA Company Formation In UAE You Must Know
4. Freedom To Bid for Government Projects
Another good thing about Dubai Mainland company formation is the exposure to investing in lucrative government contracts. In case you win these projects, your reputation in the market will eventually hike. Consequently, it will enhance your credibility in the Emirate’s corporate world.
Bidding for government projects isn’t possible with Free zone companies despite their favorability for business activities. Additionally, you get to learn a lot from government contracts.
5. Lenient Tax Laws
Tax laws are the biggest barriers for companies that often stop them from investing in a business. However, the situation is completely different when it comes to carrying out business activities in Dubai Mainland. Well, there isn’t any corporate tax. Yes, you heard it right.
The maximum you will require to pay will be the VAT and it’s not too pricey. Just 5% on tax-registered businesses. Besides that, the Dubai government is extremely transparent to all businesses.
6. Access To Unlimited Number Of Visas
Having access to an unlimited number of visas plays an essential role if you wish to expand your business across the UAE. Unlike free zone businesses, Dubai Mainland businesses get the freedom to apply for multiple visas depending on the company requirements. All in all, the more visas you apply for, the more office space you get to rent.
This advantage will be helpful for your business in a situation where your employees ask to work remotely. Thus, you can request the MoHRE (Ministry of Human Resources & Emiratisation) to grant you permission in renting out the extra office space.
Wrapping it up:
Indeed, incorporating your dream venture into the Dubai Mainland is a lucrative business opportunity you shouldn’t miss at all. You get the exposure to take government projects, enjoy liberal government policies, and 100% ownership more than it.
Ready for the big move? Connect with the mainland license experts for Dubai Mainland business incorporation today.
