Author name: Amber Catherine

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How to Start a General Trading Company in Dubai

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Start a General Trading Company in Dubai All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Introduction Dubai’s strategic location, business-friendly policies, and thriving economy make it an ideal destination for setting up a general trading company. This guide will provide an overview of the process, costs, and benefits of establishing a general trading business in Dubai. 1. Understanding General Trading in Dubai What is General Trading? General Trading: Refers to a business that deals in various products across different industries. It involves importing, exporting, and trading goods within the UAE and internationally. Benefits of Starting a General Trading Company in Dubai 100% Ownership in Freezones: Entrepreneurs can have full ownership of their company if set up in a freezone. Tax Advantages: Dubai offers a tax-free environment on personal and corporate income, along with VAT exemptions in certain freezones. Global Market Access: Dubai’s location provides easy access to markets in the Middle East, Asia, Africa, and Europe. 2. Business Setup Options Mainland vs. Freezone Mainland: Offers the flexibility to trade directly with the UAE market without any restrictions, but requires a local sponsor who owns 51% of the business. Freezone: Allows 100% foreign ownership, full profit repatriation, and exemption from import/export duties, but restricts trading within the UAE market. Freezone Options for General Trading Jebel Ali Free Zone (JAFZA) Dubai Multi Commodities Centre (DMCC) Dubai South 3. Licenses Required General Trading License A General Trading License is essential for conducting trading activities across multiple products. This license is provided by the Department of Economic Development (DED) for mainland companies or by the relevant freezone authority. Steps to Obtain a General Trading License Choose a Business Name: Register a unique business name that complies with UAE naming conventions. Submit Initial Approval: Obtain initial approval from DED or the respective freezone authority. Draft the Memorandum of Association (MOA): This document outlines the company’s structure, activities, and the relationship between partners. Rent an Office: Secure a physical office space or virtual office as required by the jurisdiction. Obtain Final Approval: Submit all necessary documents to get the final approval and pay the relevant fees. 4. Costs Involved License Fees The cost of a General Trading License varies depending on the jurisdiction: Mainland: Typically ranges between AED 30,000 to AED 50,000 annually. Freezones: License fees in freezones like DMCC, JAFZA, or Dubai South may range from AED 15,000 to AED 50,000 annually. Office Rental Costs Mainland: Office space in prime locations may cost between AED 30,000 to AED 100,000 annually, depending on the size and location. Freezone: Freezones offer various options, including shared office spaces or warehouses, starting from AED 15,000 annually. Other Expenses Visa Costs: Employee visas typically range from AED 3,000 to AED 10,000 per visa, depending on the jurisdiction and employee category. Customs Fees: If you import/export goods, customs duties may apply, usually around 5% of the product value, though certain freezones offer exemptions. 5. Legal and Regulatory Requirements Trade Name Registration Ensure that your trade name is registered with the DED or the relevant freezone authority, adhering to UAE’s naming regulations. Compliance with UAE Law Adhere to UAE laws, including VAT regulations, employee labor laws, and other relevant trade regulations to avoid penalties. 6. Logistics and Supply Chain Warehousing and Storage Depending on your trading activities, you may need to rent warehouse space. Freezones like JAFZA offer logistics solutions, including warehousing. Import and Export Ensure your company is registered with Dubai Customs to handle import and export activities. Utilize Dubai’s efficient ports and airports for global trading. Partnering with Logistics Companies Partner with reliable logistics providers to manage the transportation, delivery, and inventory of your products efficiently. 7. Marketing and Growth Strategies Building a Brand Invest in brand development and marketing strategies to create a strong presence in the UAE and international markets. Digital Marketing Use digital marketing tools, including SEO, social media marketing, and email marketing, to reach your target audience and expand your customer base. Networking Attend trade shows, exhibitions, and networking events in Dubai to build connections and explore new business opportunities. References Dubai Department of Economic Development (DED) – General Trading License Dubai Multi Commodities Centre (DMCC) – General Trading License Jebel Ali Free Zone (JAFZA) – Business Setup For comprehensive assistance on starting a general trading company in Dubai, visit Tycoon Documents: General Trading Business Setup Dubai – Tycoon Documents Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi, Ajman, Dubai, Fujairah, News, Ras Al Khaimah, Sharjah, Umm Al Quwain
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UAE declares new 10-year Blue visa

Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Quwain / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The UAE has reported a drawn-out residency for climate advocates. Called ‘Blue Residency’, the 10-year visa will be allowed to people who have made “remarkable commitments and endeavors” in safeguarding the climate. This covers sustainability initiatives both inside and outside the UAE. The Blue Residency will be allowed to allies of natural activity, including individuals from worldwide organizations, affiliations and non-legislative associations; worldwide honor champs; what’s more “recognized” activists and analysts in natural work. Eligible individuals have been invited to submit their applications through the Federal Authority for Identity, Citizenship, Customs, and Port Security. Relevant authorities can also nominate individuals for long-term residency. For more details call +971 47181918

Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Quwain

Dubai uses a new platform to reduce the 30-day residency visa procedure to five days.

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Thanks to the new Work Bundle platform, which was released on Wednesday, the processing time to complete all required paperwork to get work permits and resident visas has been shortened from nearly one month to five days. According to authorities at a news briefing, the integrated approach will also cut down on the number of documents required from 16 to five and the frequency of visits to service centers from 7 to 2. The Ministry of Human Resources and Emiratization (Mohre), the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), the Dubai Health Authority (DHA), the Department of Economy and Tourism, and the General Directorate of Residency and Foreigners Affairs (GDRFA) are just a few of the government entities whose procedures are integrated into Work Bundle. Prior to its implementation in other emirates, it is initially launched in Dubai. The Work Bundle platform, according to Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President, Prime Minister, and ruler of Dubai, will “facilitate, simplify, and shorten the procedures for residency and work (permits) in the country.” “62 million working days that were previously used for the renewal of residency and employment contracts inside government frameworks are expected to be recovered via the new Work Bundle platform. It is anticipated that this project will reduce 25 million procedures annually, which will result in significant savings for the public and private sectors, he continued. He gave orders to government agencies and ministries in the United Arab Emirates last month to eliminate at least 2,000 procedures and slash processing times in half within a year. Which services fall within the Work Bundle’s integration? All employment services, including renewal, cancellation, medical examination, and fingerprinting, can now be completed on a single platform. The platform is accessible on the “Invest in Dubai” website and mobile app during the initial phase. After then, it will be made available on the “Work in UAE” website as well as several other government digital platforms. Which government agencies are using the Work Bundle platform together? The entities are DHA, Mohre, ICP, and GDRFA. The Dubai Department of Economy and Tourism (DET) and Digital Dubai, which provide the digital services and infrastructure connecting government agencies, are supporting the project. How might Work Bundle help workers who are based overseas? Completing the single application and granting the employee a work permit are the first steps in hiring a new foreign worker. After that, the worker needs to finish the residence requirements, which include getting a medical checkup and getting an Emirates ID card. In the meantime, the owner of the business must complete the unified application for the renewal service. The employee then completes the Emirates ID issuance process and the medical checkup.

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UAE: How foreign nationals can apply for a residency visa and birth certificate for newborns.

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The government facilitates foreigners’ registration of their children’s births within the nation. Everything you need to know about the steps involved in registering a newborn’s birth, applying for their residency visa, and obtaining their Emirates ID is provided here. To avoid penalties, parents must register their kid and get the required paperwork within 120 days after the child’s birth. Birth certificate The birth certificate is the first document you must get for your baby. The UAE government website states that citizens have up to 30 days to register a child’s birth there. The child will be granted the father’s nationality if the mother and father have different nationalities. The following documents to get a birth certificate: All birth certificates must be certified by the Ministry of Foreign Affairs (Mofa) and the Ministry of Health and Prevention (Mohap) for foreign nationals. The Dubai Health Authority (DHA) or the Department of Health – Abu Dhabi (Doh) can also stamp your birth certificate. These stamps are equivalent to attestation by Mohap. Residence visa After your child is born, you have 120 days to obtain their passport, Emirates ID, and residency visa for the UAE. You have to go to the embassy of your nation in the United Arab Emirates to apply for a passport. The procedure for sponsoring your child’s UAE residency visa is the same for newborns. Prior to applying, there are a few sponsorship requirements that must be met. You need to have a valid resident visa first. Additionally, you need to make at least Dh4,000 per month, or Dh3,000 plus housing. If you are the mother, the ICP must provide its approval before you can sponsor your child.

Abu Dhabi, Ajman, Dubai, Fujairah, News, Ras Al Khaimah, Sharjah, Umm Al Quwain

A Dubai based company manager who faked Emiratization was fined Dh100,000.

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The court in Dubai punished a manager of a company Dh100,000 for cheating the Nafis program. The manager was charged with breaking Emiratization regulations, and the Dubai Public Prosecution brought the matter before the judge. The manager of the company was charged with hiring two Emirati women and misusing two work licenses for purposes other than those for which they were issued. The facility attempted to be eligible for government assistance under the Nafis program by fabricating contracts to falsely claim compliance with Emiratization regulations. The women only had four months of employment at the private company, and their primary goal there was to get the Dh5,000 monthly government stipend. The manager will be penalized Dh100,000 by the court for the charge brought against it. The number of workers multiplied by the fine will be applied. Additionally, a notice was sent to the two employees asking them to refund Dh20,000. A recent investigation by the Ministry of Human Resources revealed that 1,077 private enterprises had been impersonating Emiratization in the United Arab Emirates since the latter part of 2022. The authorities punished these companies for recruiting 1,818 people who had broken the law in an effort to outhire competitors by employing Emiratis without authorization. When it is established that a UAE national works in a nominal position with no real responsibilities to meet the establishment’s required Emiratization targets, or when an Emirati is rehired in the same establishment to evade data and reap the relevant benefits of Emiratization, it is considered fake Emiratization. Penalties for violating law The severity of the penalties imposed on companies that violate the law ranges from Dh20,000 to Dh100,000 each instance. The violation must be severed in order for it to be referred to the public prosecution. The MoHRE reaffirmed that the rules of the Nafis program and decisions pertaining to Emiratization are clearly broken by false Emiratization. The Ministry’s smart application or the MoHRE call center at 600590000 can be used to report any breaches pertaining to emiratization.

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Dubai: Certain Indian passengers will receive pre-approved visas upon arrival, according to Emirates.

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For certain Indian passport holders, Emirates has launched a pre-approved visa-on-arrival service. All qualified Indians who have made travel arrangements with the airline are eligible for this option. Customers of Emirates will be able to avoid lines upon arrival in Dubai thanks to this new effort, which will provide visas with a 14-day single entry. The Dubai Visa Processing Centre (DVPC), a location of VFS Global that Emirates Airline has chosen to handle UAE visas, completes the application. Indian citizens can get a visa on arrival in the UAE if their regular passport is valid for at least six months. The possessor of an Indian passport must possess a valid six-month EU or UK residency permit, a valid US visa, or a green card. Since 2017, eligible travelers have been able to obtain a visa at UAE airports upon arrival. The visa is normally stamped at the immigration desk after passengers get off the plane. Customers of Emirates can now “breeze through customs” by prearranging their visa, which streamlines the arrival process. The project has a $47 total cost plus a $18.50 service charge. According to Emirates, the General Directorate of Residency and Foreign Affairs retains over the issuing of visas. How to apply? Customers can access their tickets using the airline’s digital platforms by selecting “Manage an existing booking” after they have been booked. Next, they can select the option that says “Apply for a UAE visa.” They will be taken to the VFS Global Services-powered online visa application website for the UAE, which lays out the prerequisites, terms, and conditions to make the application process easier. Dubai Tourism figures show that during January to October 2023, 2 million Indian tourists spent the night in Dubai. Emirates presently has 167 weekly flights to nine locations in India. Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kochi, Kolkata, Mumbai, and Thiruvananthapuram are among the Indian cities covered by the airline’s network.

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New advantages for Dubai residents with Nol cards

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Dubai: With their tickets, Nol card holders in Dubai can look forward to several new benefits. Reason: To replace the current Nol card-based ticketing system with a central wallet account-based ticketing system, the Roads and Transport Authority (RTA) has granted a Dh350 million contract. This means that the new system will offer travel planning, booking, and pre-payment through smart channels, among other cutting-edge capabilities. It provides family and group tickets in addition to integrated packages that include a wide range of services. The system also makes use of artificial intelligence technology, like facial recognition, and integrates payment via smart devices. By giving users immediate access to data including account balances, trip histories, ticket prices, and fare computations, the system improves user experience. Among many other advantages, it makes it simple for consumers to maintain their accounts and deal with lost card difficulties. In terms of electronic security, all cards that are issued are connected to individual customer accounts, company accounts, and multi-user corporations. “This integration ensures privacy protection by improving the security of consumer and personal data. The system has a number of features that allow for a great deal of flexibility in streamlining operational procedures and keeping track of system performance. It supports RTA’s aims to achieve the integration of public transportation modes and private sector payment systems, and it caters to the needs of the emirate’s public transport network operators. Better data utilisation and analysis based on data points, including information on the origins and destinations of trips, will be made possible by the digital payment system. This information will additionally improve.

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Dubai Visas: New call center for childrens to interact with immigration officials

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Dubai visas: New call centre for children to interact with immigration officials Kids are generally inquisitive, and they deserve every piece of correct information. This is why the General Directorate of Residency and Foreign Affairs (GDRFA) in Dubai recently added an option where children between 7 and 12 years can interact with immigration officials to its call centre service menu.They can ask questions about visas, passport renewal, and travel procedures – can they travel alone? – or which places to visit across the city. Both the call centre service and dedicated passport control are aimed at enhancing the travel experience and journey of young passengers. At the airport, children are given a chance to put a stamp on their passports, and the call centre service will give them information before travelling, noted Lt Col Mohamed. The special call service is available both in the UAE and abroad. Kids can call the same toll-free Amer call centre at 8005111 (if they are within the UAE) and +971 4 313-9999 (outside the country).

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