Welcome to Munshi Atik Chartered Accountants (formerly Enterprise House Chartered Accountants). We at E-House help you in Company Formations and Corporate Services and business solutions which include enabling you becoming an entrepreneur by setting up your company in the UAE. We assist you in setting up your dream business in a jurisdiction of your liking.
You could either set up your business in the Mainland, in a Free Zone or in an Offshore Jurisdiction. We, in addition to assisting you in Company Formations and Corporate Services, setting up your dream business would advise the jurisdiction that would preferably suit your business model keeping in mind the financial forbearance.
Mainland Land Entity/Company:
In case you wish to carry out your core business in the UAE, setting up a mainland company and obtaining an appropriate license suiting your business needs would be the need of the hour. In order to set up your mainland company, registration must be done before the UAE DED (Department of Economic Development). Mainland companies can practice any commercial, industrial, trading, professional, or tourism activity though certain activities would require prior approvals from concerned regulatory authorities. All the Emirates in the UAE, i.e., Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain and Fujairah issue mainland licenses.
The different kinds of companies that can be set up in mainland include:
Limited Liability Companies- This is the most common type of company registered in the UAE and is mostly recommended where the purpose of is to carry out trade within the UAE. Foreign Investors are allowed to hold up to 49% equity ownership in the UAE Company whereas 51% of the ownership must belong to one or more UAE national. Further no corporate tax or income tax is levied.
Sole Establishment- This type of entity is mostly preferable to professionals, service-related activities and consultancy. 100% foreign ownership is permissible and there is no minimum capital requirement. Again, no corporate tax or income tax is levied. Establishing a civil company allows an investor to open a bank account with ease.
Branch and Representative Office of Foreign Company- Foreign companies can open a Branch or a Representative office in the UAE. These types of companies can be 100% owned by the foreign entity with the appointment of Local service agent.
The different kinds of licenses offered in mainland include:
Commercial License- They are mainly issued for those business concerns that indulge in buying, selling and supplying of goods or those that are into trading.
Industrial License- They are mainly issued for those business concerns that are involved in the manufacturing of goods, like factories and industries etc.
Professional License- These are mainly issued for those business concerns that undertake service-oriented endeavors, like consultancy services, beauty salons etc.
Instant License- These licenses are issued by the government to certain investors in order to facilitate ease of business which means reduced documentation procedural requirements.
Tourism License- They are mainly issued for those business concerns that conduct and undertake tourism related activities.
E Trader License- Such licenses are issued to those home-based individuals or entrepreneurs who are involved in selling goods and services vi social media platforms.
Merits of setting up a mainland company:
- No personal tax or income tax levied.
- Availability of a wide range of business activities.
- Trading and operation directly in/with the local market.
Free Zone Entity/Company:
UAE Free Zones are those determined geographical areas where UAE mainland taxes, certain employment and import-export restrictions do not apply. Lowered bureaucratic requirements also make them a desired destination for setting up ones’ business. There are nearly half a century or more free zones situated in each Emirate in the UAE and thus in setting up your free zone company, registration must be done before the concerned free zone authority.
As iterate above there are free zones established and situated in each emirate and accordingly you can establish your company in the free zone of your choice and in the emirates, you desire to do so bearing in mind the nature of business you seek to carry out.
Some of the notable free zones in Dubai include:
JEBEL ALI FREE ZONE AUTHORITY (JAFZA) – Located at the far western end of Dubai, it is one of the world’s largest free zones. It is renowned as it is a house to industries, trade and logistics. It is an attraction to international partners thereby boosting the economy of the UAE. JAFZA approximately contributes to 23% of the Foreign Direct Investment in the UAE.
DUBAI AIRPORT FREE ZONE (DAFZ) – Strategically located at the Dubai International Airport, DAFZ enjoys the privilege of providing connectivity to Europe, Indian subcontinent, and the Far East. It is a juggernaut institution having more 1800 companies registered with itself who enjoy a business-focused regulatory and a lot of tax exemptions.
DUBAI MULTI COMMODITIES CENTRE (DMCC) – DMCC is a very unique amalgam of a “free zone status”, state of the art commercial and residential property, state apt for business expansion and world class facilities. It is a perfect place to grow, work and thrive. It was crowned 6 times as the ‘Global Free Zone of the Year’ by the Financial Times FDI magazine. It is located at the center of the Jumeriah Lakes Towers District.
DUBAI SOUTH – A Free zone in Dubai, it is home to the world’s largest airport, the Al Maktoum International Airport, and is a host to a number of landmark events, most notably being the Dubai Airshow. It is situated in a strategic location connecting both air and sea-ports as well being an ideal destination for businesses to grow and prosper.
DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC) – DIFC is a very distinctive free zone having its own internationally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community. The DIFC, houses hundreds of financial institutions, including wealth funds and private investors, but it also hosts multinationals, retail outlets, cafés, restaurants, residential space, public green spaces, hotels and art galleries. One of its special features is that it offers clients a 50-year guarantee of zero taxes on corporate income and profits, complemented by the UAE’s network of double taxation treaties.
DUBAI WORLD TRADE CENTRE ZONE (DWTC) – DWTC is the backbone of blockbuster conferences, exhibitions, seminars and events through which it provides business platforms for various businesses and also adheres in providing end-to-end services. DWTC caters to a variety of events providing state-of-the-art real estate solutions within a sophisticated and dynamic business environment. DWTC connects people, products and ideas from around the globe through their very own year-round calendar of international trade fairs, blockbuster consumer shows and prestigious international conferences.
DUBAI SILICON OASIS (DSOA) – It is a state-of-the-art technology park and free zone, next to Academic City. It is one of the only free zones in Dubai where one can live as well as work. It provides services pertaining to telecommunication, internet, network, data center hosting, etc. It is a working model of an ideal IT efficient environment.
DUBAI MARITIME CITY (DMC) – DMC holds the crown of the “First mover” in being the first worldly center in the entire maritime industry, commerce and trade. This iconic City, 249 hectares, strategically located between Port Rashid and Dubai’s Dry-docks World. It aims to capitalize Dubai’s strengths and position as a regional and global maritime hub in order to create a dynamic urban lifestyle for maritime community. DMC is the most attractive destination for international investment.
DUBAI HEALTHCARE CITY (DHCA) – “When one falls sick, it is he who cares”. Going by the saying and as the name suggests, DHCA is a free zone hosting a large number of healthcare companies. It is the world’s largest healthcare free zone. It serves as a one stop destination which includes the healthcare providers, pharmaceutical companies and businesses that support the health & wellness industry.
DUBAI CAR AND AUTOMOTIVE CITY FREE ZONE (DUCAMZ) – Dubai Cars and Automotive City was established in April 2000 with an aim to re-export used cars to the Asian and African markets. Also known as DUCAMZ, it is located in Ras Al Khor and has an easy access to the regional airport and seaport, including Dubai International Airport and the Jebel Ali Port as well as modern highways which link the Middle East countries. The total size of this free zone is 8 million square feet, making DUCAMZ free zone the largest free zone of its kind. They offer comprehensive infrastructure to meet the high demands in the automotive industry, providing competent highway connectivity and boosting all mod cons necessary to relocate cars within and outside the region.
DUBAI INTERNET CITY (DIC)- This free zone was established by the Dubai government authorities as an economic zone for entities aiming at emerging markets. It is quickly emerged since its establishment and serves as an innovation and technological hub in the UAE. It provides a platform for innovative ideas and also a dynamic business environment to its registrants along with other benefits of free zones. There are over a thousand entities located in the free zone, who could avail a wealth of features like tax and custom related benefits.
DUBAI LOGISTICS CITY – With another name given to DLC as the Dubai World Central, it was the first platform built for the purpose and development of logistics. Dubai Logistics is a government initiative which is the world’s first purpose-built aerotropolis. DLC is built in the neighboring region of Jebel Ali Sea Port, covering an area of 140 sq. km
DUBAI OUTSOURCE ZONE (DOZ) – Could be called as the best aid if one chooses to outsource business. DOZ provides a multicultural environment by owning an employment of 150+ nationalities specializing in HR, IT, back-office support and call centre operations. It could be called a “bigwig” when a certain business or company thinks about outsourcing or getting a shared service provider.
DUBIOTEC – With the goal of creating the largest life sciences cluster in the Middle East, Dubiotech along with its Dubai Science Park (DSP) was established in 2005 and is home to more than 350 companies from multinational corporations to SMEs employing over 3,600 people. It is the region’s first science-focused business community, created to position the United Arab Emirates as destination for research and development, prototyping, creativity and innovation in areas of human, plant, material, environmental and energy sciences. Located in Al Barsha South, it is accessible from Umm Suqeim, Sheikh Zayed and Sheikh Mohammad Bin Zayed roads. Public bus transport is available via Route F36 from the Mall of the Emirates. It is located approximately 30 minutes from the Dubai International Airport. The company is a subsidiary of the Government of Dubai’s holding company, Dubai Holding.
DUBAI MEDIA CITY – Dubai Media City is a house of largest local global and local media brands. It is a community where freelancers, startups, SMEs and large enterprises co-exist, contributing to Dubai being named “The capital of Arab Media 2020.”
DUBAI STUDIO CITY – It is a business community for film and television production with more than 270 companies and 2500 people. It is a collaborative media production hub that is not only a catalyst for innovation-led media production but also a lifestyle and entertainment destination.
DUBAI KNOWLEDGE VILLAGE- Dubai Knowledge Village, also known as KV or DKV, is basically a free trade zone where the main focus is on the promotion of educational organizations. Whether they are educational related companies providing consultancy to the universities or any training institutes, you will find everything related to education in Dubai Knowledge Village. Some of the most famous universities from Belgium, Canada, Iran, India, Pakistan, Ireland, UK, Russia and Australia have established a separate branch in the Dubai Knowledge Village.
DUBAI DESIGN DISTRICT- It is a specific designated home to designers, artists and creative thinkers. It is an encouragement especially for young talents.
DUBAI GOLD AND DIAMOND PARK- Nobody is unknown when it is about “Dubai gold” and hence there has to be an institution under it. This park manages a big building selling jewelry made with some of the world’s finest jewelry, gemstones, diamonds, precious stones and metals such as gold, silver, platinum which draws high-end personal accessories to residents and tourists.
DUBAI TECHNO PARK- Dubai Techno Park is an information technology park established in 2002 in Dubai. The purpose of Dubai Techno Park is to advance the technological development within the commercial zone. This tech-hub is a free trade zone and acts as a home for various MNCs dealing in the field of technology, innovation and tech-research.
Some of the notable free zones in Abu Dhabi include:
ABU DHABI GLOBAL MARKET (ADGM) – ADGM is an international financial centre with three independent authorities- the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts – together ensure that its business-friendly environment operates in line with international best practices, recognized by major financial centres worldwide.
ABU DHABI AIRPORT FREE ZONE (ADAFZ) – ADAFZ is again a yet efficient amalgam of a logistics park, business parks, business centres and one stop services. Its jurisdiction spreads across more than 10.6 Km2 around Abu Dhabi International Airport covering five commercial districts: Logistics Park, Business Park, Destination Village, Al Falah District and Airport City.
KHALIFA INDUSTRIAL ZONE ABU DHABI (KIZAD) – With KIZAD one could make sensible decisions when it comes to business activities of manufacturing, logistics, trade and distribution. It provides an array of services by providing business solutions and aid from setting up of a business until getting in line as to earn profits.
TWOFOUR54 – Twofour54 is an extremely creative platform and world’s fastest growing media, entertainment and gaming centre. It is a house to a variety of media houses and companies by providing them world-class infrastructure and services by helping them boost and grow.
Some of the notable free zones in Sharjah include:
HAMRIYAH FREE ZONE- Hamriyah Free Zone is governed by the Emirate of Sharjah and is the second largest Free Zone of UAE after JAFZA. It was founded in 1987 and is rapidly growing, expanding its size and number of companies. Some large national and international companies have their representative offices in Hamriyah.
SHARJAH AIRPORT INTERNATIONAL FREE ZONE- Sharjah Airport International Free Zone provides some of the most enticing business incentives in the region, including speed of service and simplicity of process. Facilities for manufacturing, assembling, packaging, import, re-export, trade and value-added activities are catered for at the Zone.
U.S.A. REGIONAL TRADE CENTER (USARTC) FREE ZONE- The U.S.A Regional Trade Center (USARTC) works to the benefit of U.S. Small and Medium-sized Enterprises (SMEs); specifically, by providing SME’s with assistance in exploring and entering the market, including establishing a presence in the UAE and the greater region. SME’s can take comfort and reassurance through endorsements of support for the USARTC from The Under Secretary for International Trade – U.S. Department of Commerce, the U.S. Ambassador to the UAE – U.S. State Department, and the Minister of Foreign Trade – UAE Ministry of Foreign Trade.
SHARJAH MEDIA CITY FREE ZONE (SHAMS) – It is known as the Media Free Zone, but the business activities are not related only to media sector. In fact, activity list is very broad and includes: Trading, Professional services, Holding and other types, Social media influencer, etc. There are more than 120 activities in total.
SHARJAH PUBLISHING CITY FREE ZONE (SPC FREE ZONE) – It has a very off-beat, yet innovative concept dedicated specifically to the publishing and the printing industry. One can write, design, publish, print, store, and distribute – locally and worldwide – all from one single, purpose-built, state of the art facility.
Some of the notable free zones in Ajman include:
AJMAN FREE ZONE- With an abundance of services Ajman Free Zone provides services ranging in sectors like Food & Beverage, Automotive, Health & Beauty, Construction, Agriculture, Education, etc. It provides one with state-of-the-art new warehouses, strategically located for its proximity to Ajman Port and Customs ensuring easy inward and outward movement of customers’ products and transport.
AJMAN MEDIA CITY FREE ZONE- UAE being the hub of a lot of free zones, this one is yet again another platform for services pertaining to media. It is the latest free zone formed with an aspiration to create a dependable, harmonious and a professional environment for businesses and individuals alike.
Some of the notable free zones in Ras Al Khaimah include:
RAK MARITIME CITY FREE ZONE AUTHORITY (RMCFZA)- The benefits of RMCFZA are as diverse as the offerings. RAK Maritime City free zone combines the best in international port facilities with inherent business advantages for companies seeking cost efficient, secure, transparent and customized business answers with the best in tax benefits. RAK Maritime City will be zoned into areas for specified use — retail, warehousing, general cargo handling, industrial production and manufacturing, tank storage and shipbuilding or repairs. Each will be able to incorporate companies as both FZE and FZC entities, along with a choice of trading licenses, work permits and UAE residence visas.
RAS AL KHAIMAH ECONOMIC ZONE- It is a free zone situated in the heart of Ras Al Khaimah and is a home to a lot of business houses possessing business parks, industrial parks, technology parks and academic zone. This free zone is widely known for supporting start-ups, SME’s and entrepreneurs in setting up and establishing their business in the UAE. The free zone provides a tax-free environment, 100% foreign ownership, fast-track visas, freedom to source labour and materials globally, and ongoing business support services.
RAS AL KHAIMAH MEDIA FREE ZONE- Ras Al Khaimah Media City is a leading entertainment hub for all the companies that have operations in the media industry. It was launched in the year 2006 as an alternative to Dubai Media City and has been providing investment opportunities and benefits for media-oriented business owners and investors. RAK Media City is another RAK Free Trade Zone (RAKFTZ) which is controlled by the RAKFTZ authority. The increasing cost of living in Dubai free zones makes RAK Media City a low-cost alternative. Business owners are attracted towards this RAK FTZ due to its dedication towards providing world-class facilities, great business infrastructure, pre-built offices, and media-related business licenses.
Some of the notable free zones in Fujairah include:
FUJAIRAH FREE ZONE- Fujairah free zone is one of the oldest UAE free zones. It is situated in the Fujairah Emirate adjacent to Fujairah Port. The free zone focuses on industrial and maritime activities. A lot of heavy industrial and mining companies are located here. It also has branches of all large petroleum companies in the region due to the convenient location of Fujairah port with the exit directly to the Indian Ocean.
FUJAIRAH CREATIVE CITY- Creative City Free Zone Authority in Fujairah specializes in Media, Events, Consulting, Education, Communication and Marketing, Music and Entertainment, Design and Technology complementing existing media clusters in the region and facilitating further creativity in these fields.
INTERNATIONAL FREE ZONE AUTHORITY (IFZA) – It serves as platform for all companies and business for optimum benefits and profit maximization. It also serves a directory and a single point of containing free zone business formation and administrative services. They provide clients with numerous pieces of information so that the client can decide efficiently as to which free zone is ideal for their respective business growth.
Notable free zones in Umm Al Quwain include:
UMM AL QUWAIN FREE TRADE ZONE (UAQFTZ) – It is a free trade zone providing an investor friendly environment. The business activities that are envisioned and practiced here are quite broad. It has the following categories: Commercial, Consultancy, General Trading, Premium Commercial, Freelance, Industrial, etc.
The different kinds of licenses offered in free zones include:
Trading License- This is kind of license which is permitted to companies that are involved primarily in imports and exports. Ownership can remain 100% foreign and no license is required from the Economic Department.
Service License- This is kind of license which is permitted companies holding a valid license from the respective government body in the UAE and can offer banking, contracting services etc. but have to abide by any requirements of the governing body.
E-commerce- Ecommerce License in UAE will enable a company to undertake selling of goods via the internet and collect online payments in return for the product sale. The scope of Ecommerce business can be expanded to international markets and diverse categories depending on the company’s business plan and nature of business.
Industrial License- This is kind of license which is permitted to companies that are legally incorporated in industrial production outside the UAE and are within the Free Trade Zone. Ownership can be 100% foreign and no Economic Department License is required.
National Industrial License- Industrial manufacturers are granted this license and are accorded the same status as a local or GCC Company in the UAE. These licences can be renewed annually as long as a lease agreement is in force with the Free Trade Zone.
Innovation License- The Innovation license aims to attract new types of startups to the emirate to boost creativity, technical advancement, and innovation. With the innovation license, the tech entrepreneurs can set up their dream startups.
Logistics License- A Logistics License allows firms to engage in logistic services such as Cargo (sea, land, and air), warehousing, storage, packing, transshipment and distribution.
Educational License- A local educational license entitles one to conduct academic / non-academic activities in the Emirates. This line of business activity is included in the list of preferential ones and provides for 100% foreign ownership of a legal entity.
Merits of setting up a free zone company:
- The cost and process of setting a free zone entity is less and easy.
- There is complete foreign ownership.
- There are repatriation benefits.
- There is 100% exemption on import and export tax.
- There is 100% exemption on corporate and income taxes.
An Offshore company is one that is formed or incorporated in a jurisdiction that is other than where the beneficial owner resides. In simpler terms it means that an offshore company is an entity that is incorporated in a foreign jurisdiction. While an onshore country refers to a domestic company that is formed within a country and is taxed as an entity by the country, an offshore company is an entity incorporated outside the borders of the country and is therefore not considered liable for taxation if all of its income is generated outside the borders of the country.
Some of the notable Offshores in the UAE include:
JEBEL ALI FREE ZONE OFFSHORE- Being the most archaic and the most respected free zones of UAE. This incorporation is not only allowed to trade internationally but also is allowed to own properties in the Emirate of Dubai. It is ideal for company formation.
RAS AL KHAIMAH INTERNATIONAL CORPORATE CENTRE (RAK ICC) – This is a corporate registry platform for international business companies. It has various benefits for its registrants, and it aids in company formation too.
AJMAN FREE ZONE OFFSHORE- This free zone was established in the 1988 and was subsequently granted an autonomous status by the ruler of Ajman H.H. Sheikh Humaid Bin Rashid Al Naumi. The purpose of setting up this free zone was to strengthen industry and trade as well as bolster the financial sector in the country. This free zone offers a variety benefits, which includes:
- 100% foreign ownership.
- Well established infrastructure.
- No foreign currency restrictions.
- Complete confidentiality.
Tax exemption benefits.
Merits of setting up an offshore company:
- Tax minimization.
- Data confidentiality.
- Reduced administration requirements.
- Costs for setting up an offshore entity and its maintenance thereto is less.
- Capital requirements are low.
- Asset protection.
CORPORATE SECRETERIAL SERVICES
Whether setting up a new business or regulating your existing business enterprise, strict compliance with the current laws and regulations, has never been given greater importance as it has been given to at this moment of time for the shareholders and/or the directors. With the advent of VAT law, Excise law and other tax related laws and in addition to the need for regular reporting vide the UAE Economic Substance Regulations and others, it is of utmost priority that companies stay updated and on top of all such requirements and thus implement and maintain a robust and solid framework to ensure timely compliance to avoid any future repercussions. Thus, such increased compliance needs have paved the way for many entities to outsource their company secretarial and compliance requirements.
A company secretary is a person who is responsible for ensuring that a company is fully compliant with all the laws including financial requirements in the jurisdiction of its establishment. Company secretarial services mostly includes maintenance of company records, providing compliance services, ensuring submission of the entity’s annual financial statements, calling for the annual general meetings and monitoring documentation requirements.
Why would one want to outsource their company secretarial requirements? Well ensuring timely and impromptu compliance would indeed be a difficult as regular update of the current laws and regulations is more often than naught a huge ask and thus the risk of failing to comply with all the legal requirements would be considerable for any entity and its management. Thus, outsourcing your corporate secretarial requirements would enable you to be on top of all the updated requirements without any risk or failure of non-compliance.
Hence, we at Enterprise House offer you assistance to all such corporate service requirements tailor made to cater your business enterprise, whether it be a local or foreign structure. Our motto would be to ensure that you are always compliant with the ever changing and complex needs and requirements of the country’s laws and regulations.
The areas of our assistance would include:
- Preparing and maintaining documents pertaining to year end formalities, such as the notice of meeting, minutes for the annual meeting of shareholders.
- Arranging annual meetings and attending such meetings and recording the same as a reporting secretary.
- Obtaining approval of financials and further preparing and submitting annual returns in accordance with local requirements.
- Maintaining entity’s trade license and copies of registers of the company in the UAE, including renewals of such entity.
- Issuing notices/reminder notices for the need to prepare and file audited financial statements in accordance with the applicable requirements.
- Providing advice on restructuring, liquidations, and dissolutions.
- General advice.
Every entity in the United Arab Emirates would require a Public Relations Officer (PRO) who is also called as Liaison Officer. A PRO is one who undertakes all such activities pertaining the processing of governmental documents such a visa application, visa renewal/cancelation applications, labour cards, and company licensing and approvals, in short known as PRO services.
Most of the activities which attract PRO services are legal requirements which is mandatory for the company and its employees to adhere to precisely. Thus, ensuring all the aspects and processes of such activities are adhered to in a timely manner could be a bit cumbersome and could attract an element of risk if not catered to in the right and timely manner.
Hence, we at Enterprise House can act as a Public Relations Officer on your behalf and as such provide you the following services:
- Company and branch formations.
- Annual license renewals.
- Changes/amendments in trade license.
- Notarization of legal documents.
- Regulatory body support and liaison services.
- New employment visa process.
- Renewal and/or cancellation of employment visas.
- Quota applications and modifications.
- Medical typing and applications.
- New emirates id processing.
- Renewal and/or cancellation of emirates id.
- PO Box renewals.
- Other services in this regard including consultancy support services.
By choosing Enterprise House in providing you the aforesaid PRO services, you would be able the avail the following benefits:
- Complete data security and protection.
- Total transparency.
- Knowledegable and trustworthy collaboration.
- Timely Updates on laws and compliance.
- Provision of original government receipts and invoices.
Visa is widely considered to be an official symbol or stamp on one’s passport which allows a person to enter a country and perform such function with regards to the nature of the visa issued by him. There are different types of visas issued in the UAE depending on the purpose of issuance of such visas. Visas could be issued either on arrival in the UAE or it could be a pre-applied visa depending on varying circumstances or requirments.
The different kinds of visas issued in the UAE are:
This visa is issued to persons who make certain investments in the UAE. Some of the documents required to issue an investor visa are:
- Copy of Passport.
- Passport size photo.
- Copy of Memorandum of Association (in case an LLC).
- Trade License Copy.
- Partners List (incase an LLC).
- Copy of Service Agent Contract (in case a Professional License).
- Bank Statements (last six months statement if the company is old).
This visa is issued to foreign nationals to work in the UAE for a specified period of time. Some of the documents required to issue an employment visa are:
- Offer Letter.
- Copy of Passport.
- If inside country Current Visa copy (Visit or Cancelled Visa)
- Passport size photo.
- Attested Degree Certificate (If applicable).
This visa is issued to those persons who wish to enter the country for tourism purposes. Depending on your plan of travel, visit visas can be issued for 30 days or 90 days for single or multi entries. Some of the documents required to issue a tourist visa are:
- Copy of Passport.
- Passport size photo.
This visa is issued for the purposes of sponsoring parents, spouse, and children. Some of the documents required to issue such of visa are:
- Passport Copies of Wife and children.
- Photographs of each sponsored person.
- Sponsor’s passport and Emirates ID.
- Original Marriage Certificate – attested from UAE Embassy and home country (applicable for spouse)
- Original Birth Certificate (for child) attested from UAE Embassy in Home Country and Foreign Affairs in UAE.
- Original Ejari Certificate & Electricity Bill.
- Six months Bank Statement.
Remote working visa-
With an intention to attract talents and expertise from all around the globe, the government of UAE has introduced a new remote working visa scheme to enable people to work remotely from the UAE. This visa which is issued for one year all expats to the country and work under self-sponsorship which shall be in connection with the terms and conditions issued with the visa.
10-year golden visa-
In addition to the aforesaid visas, the UAE government has issued a 10-year Golden visa in case you invest least AED 10 million in the public sector and/or if you are a person with a specialized talent, such as a doctor, scientist, inventor, specialist, or of special talent in the field of culture and art.
Retirement visa for UAE residents-
This visa has been introduced by the UAE government wherein retired residents over the age of 55 can get long term residence visas for a period of 5 years. Such visas could be renewed in case the eligibility criterions are met.
This visa is issued to expatriate students who are atleast 18 years of age who is a university or college student studying in the UAE. Further the UAE government has approved to grant a five-year visa to outstanding students who have graduated with a grade of atleast 95% from secondary schools whether private or public and where university students have graduated with a distinctive GPA of atleast 3.75 from universities within and outside the country.
Thus we at Enterprise House have a well experienced team who would be glad in assisting you in securing your visas to the UAE without any hassle or difficulty.
LOCAL SPONSOR ARRANGEMENT
All companies registered as a limited liability company in accordance with the UAE Commercial Companies Regulations can be owned only to the extent of 49% by an expatriate or by a non-UAE national. The remaining share, i.e., 51% must be owned by a UAE national, also known as a local sponsor. A local sponsor or a local service agent may be a person or corporate entity that complies with the regulatory company formation requirements for a non-UAE national who wishes to invest and establish a company in any of the emirate in the UAE.
The different types of sponsorship may include:
A corporate sponsorship is one which wherein a UAE national company holds a 51% share in an entity where the remaining 49% is held by one or more person’s being non-UAE nationals. This is the most preferred type of partnership in the UAE.
An individual sponsorship is one which wherein a UAE national holds a 51% share in an entity where the remaining 49% is held by one or more person’s being non-UAE nationals. Though a UAE national may be the main shareholder in the entity, he or she may execute a Power of Attorney (POA) to the non-UAE national partners in return for a fixed annual fee. This is the most common type of partnership in the United Arab Emirates.
Thus while setting up a local company in the UAE in accordance with the local laws, it is of utmost necessity to have a local sponsor, whether it be an individual sponsor or a corporate sponsor. It is to be noted that a local sponsor not only enjoys a share in the entity but is also responsible for certain other actions within his/her capacity of a local sponsor, they being:
- Cancelling employees work visa and their labour status.
- Shutting down of bank accounts and settlement of outstanding debt if any.
- Assistance in dealing with the local authorities and ministries.
- Assistance in facilitating renewals of the entity.
- Assistance in interpretating and understanding agreements or documents that are specifically written in the Arabic language.
- Assistance in signing documents on behalf of a foreign resident partner.
Before choosing a local sponsor, it is very important to have a proper understanding and knowledge of the local sponsor being appointed since it could have the following repercussions:
- A proper background check of the local sponsor.
- The terms of compensation to be agreed with the local sponsor.
- Seeking a local sponsor associated and/or working with government departments since seeking connections thereafter will be a tad bit easy.
With the expansion and development of business sectors in the UAE coupled with the foreign investors desire to set up an entity in the said jurisdiction, it becomes an extremely difficult task as well as critical to obtain a right local sponsor. Since approaching a right local sponsor would render you to manage your business operations smoothly without any hindrance or hassle, would help in getting pivotal connections which would enable to expand your business further and would further assist in providing or contributing to your investments in a constructive and positive manner.
While choosing a local sponsor, each investor and/or foreign would look into the following:
- That there is no interference in the management and/or day to day affairs of the business entity by the local sponsor.
- That the local sponsor would agree for a fixed compensation in the manner mutually agreed between the parties.
- That the local sponsor would help in providing crucial connections which would help in the growth and expansion of the business.
- That there would be no exploitation by the local sponsor in any manner and of whatsoever nature possible.
- That a local sponsor would add value to your business/investment and would at all times protect your rights in the same.
Thus, we at Enterprise House could assist you in securing a reliable local partner who could partner you in carrying out your business in the UAE. So do not hesitate in approaching us!!!!
LEGAL DOCUMENTATION, TRANSLATIONS AND ATTESTATION
Is there a need to prepare legal document? Is there a need to get your document translated? Or is there a need to get your legal document certified with the Ministry of the United Arab Emirates? Well, no need to look around anymore, just drop right in as we have our team of qualified and technically skilled individuals who will help and assist you in all your aforesaid requirements.
We provide our services with complete accuracy and at reasonable prices too. You could also be rest assured as we maintain complete confidentiality with respect to the documents and/or information provided by your side.
We pride ourselves in providing you the legal translations of the below said documents:
- Power of Attorneys.
- Degree certificates.
- Diploma certificate.
- Marriage certificates.
- Birth certificates.
- Ministry related documents.
- Court related documents.
- Visa applications.
- And all other documents provided by you.
In addition to providing you translations to the aforesaid documents, we also assist you in getting the same attested from the concerned government authorities and/or departments.
No matter whatsoever nature of service the document may require, we ensure that there is absolutely no mistranslation or misinterpretation of any definition, term or provision. We completely, totally and fully understand the adverse effects such mistranslation or misinterpretation could bring about and thus ensure complete integrity in our service. We strive to ensure that none of our services provided herein are either compromised, altered and/or lost in any process.
Why would you wish to choose Enterprise House, well, the answer to that would be pretty simply, it’s because we provide our services with and through:
- Technically skilled individuals.
- Reasonable costs.
- Complete confidentiality.
- Paramount reliability.
- Punctual delivery.
Thus, if you seek a trustworthy partner, we at Enterprise House would keenly assist you in all your aforesaid requirements with the help of our highly qualified, equally reliable, and technically skilled team of members.