UAE Golden Visa

12 Key Benefits of UAE Golden Visa

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12 Key UAE Golden Visa Benefits All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The UAE Golden Visa is a game-changing initiative that offers long-term residency to foreign talents, investors, and their families. It goes beyond traditional visa offerings, providing a range of unique benefits, such as property ownership rights and no need for a local sponsor. The visa also grants access to top-tier healthcare and education facilities, along with tax-related advantages. This program is designed to attract skilled professionals and enhance the UAE’s growth and global presence. Let’s explore the top 12 benefits of the UAE Golden Visa and how it can transform your living and working experience. What is a Dubai Golden Visa? The UAE introduced long-term residency visas for specific groups. These visas are renewable and can last for 5 or 10 years, depending on the visa type. What’s more, residents and foreigners can obtain long-term visas without needing a local sponsor. However, renewals depend on certain conditions. Eligible individuals include investors, entrepreneurs, specialized talents, and others. The Golden Visa aims to attract and retain skilled professionals and entrepreneurs, with over 400 people already benefiting from it. 12 Key UAE Golden Visa Benefits Long-Term Residency The UAE Golden Visa offers up to 10 years of residency, much longer than standard visas. This allows individuals and their families to plan for long-term personal and professional growth, making it easier to set up businesses or advance careers. Property Ownership Privileges Golden Visa holders enjoy the exclusive right to own property in the UAE. They also benefit from lower mortgage interest rates, making property investments more affordable in the UAE’s thriving real estate market. No Local Sponsor Required Golden Visa holders do not need a local sponsor, offering greater independence for investors and entrepreneurs. This flexibility makes it easier to set up and manage businesses without restrictions. Family Sponsorship One of the most appealing aspects of the Golden Visa is the ability to sponsor family members under the same visa. This simplifies the process, allowing families to stay together without the need for multiple applications. Access to Career and Business Opportunities The UAE provides excellent infrastructure and opportunities for career growth and entrepreneurship. With the Golden Visa, holders have access to a business-friendly environment with state-of-the-art amenities. Tax-Free Personal Income The UAE’s tax policy exempts residents, including Golden Visa holders, from paying personal income tax, allowing you to keep more of your earnings from employment and investments. Multiple Entry Visa Golden Visa holders can freely enter and exit the UAE without needing to apply for a new visa each time, making it convenient for frequent travelers and families with international ties. Healthcare Access The UAE offers world-class healthcare services, and Golden Visa holders and their families can access these facilities with ease, ensuring a high quality of life and peace of mind. Educational Access The visa provides access to top-tier education for children, with discounts available for higher education. This makes the UAE an ideal place for families looking to provide the best education for their children. Esaad Privilege Card Some Golden Visa holders receive the Esaad Privilege Card, which offers discounts on a wide range of services like healthcare, real estate, and banking, adding extra value to the visa. Travel Benefits Golden Visa holders enjoy the benefit of being able to stay abroad for extended periods without losing their residency status, making Dubai a perfect home base for frequent travelers. Retirement Planning The Golden Visa is an excellent option for retirees looking to settle in a safe, luxurious, and culturally diverse city like Dubai. FAQs Q1. Who is eligible for a UAE Golden Visa?Eligible individuals include scientists, investors, athletes, entrepreneurs, startup owners, and those who have made significant contributions during crises. Q2. How long can Golden Visa holders stay outside the UAE?There are no restrictions on how long Golden Visa holders can stay outside the UAE. They are only required to visit once or twice a year to maintain their status. Q3. Can a UAE Golden Visa lead to citizenship?No, the Golden Visa does not offer a pathway to UAE citizenship. However, investors seeking citizenship can explore opportunities in European countries like Greece or Portugal. Q4. What are the main perks of a UAE Golden Visa?The perks include long-term residency, the ability to sponsor family members, and no requirement to stay in the UAE continuously. Q5. Is it possible to buy a Golden Visa in the UAE?Yes, foreign nationals can purchase real estate worth at least AED 2 million (about $545,000) to qualify for a 10-year Golden Visa. Q6. What is the minimum salary requirement for a UAE Golden Visa?For CEOs in the private or public sector, the minimum salary requirement is AED 50,000 per month, along with a bachelor’s degree and at least five years of UAE work experience. For more information on obtaining your UAE Golden Visa, you can consult TycoonDocuments for expert guidance. 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
Golden visa for teachers

Dubai Introduced 10-Year Golden Visa for Teachers! Check Your Eligibility

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Golden Visa: Newly Introduced 10-Year Golden Visa for Teachers in Dubai! Check Your Eligibility All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us   Dubai’s Knowledge and Human Development Authority (KHDA) has announced the eligibility criteria and the date for teachers in private schools to start applying for the Golden Visa. Teachers can begin applying from 2024 October 15 for this special long-term visa. The Golden Visa for educators was introduced as a way to recognize and reward outstanding teachers who have made significant contributions to Dubai’s education system. The announcement was made on World Teachers’ Day, following an order from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council. Purpose of the Golden Visa for Educators The initiative aims to honor teachers who demonstrate: Excellence and innovation in their work Dedication to shaping the future of Dubai through education Positive contributions to student success and academic achievement The visa is part of Dubai’s broader commitment to nurturing talent, investing in human capital, and celebrating the role of educators in inspiring and empowering future generations. The Golden Visa for educators will be valid for 10 years and is renewable as long as the eligibility criteria are maintained. Who Can Apply for the Golden Visa? The Golden Visa is open to various educational professionals working in private schools, nurseries, and universities in Dubai. Eligible roles include: School principals and school leaders Early childhood center managers Academic heads of higher education institutions (HEIs) Teachers (from both schools and early childhood centers) Full-time faculty members and senior administrative leaders at universities Eligibility Criteria To qualify for the Golden Visa, educators must meet certain criteria based on their roles: Teachers and Faculty Members: Exceptional academic achievements and contributions to innovation in education. Proven success in improving the quality of education at their institutions. Demonstrating a positive impact on student outcomes, such as academic progress or recognized qualifications. School Principals and Leadership: Must have improved the school’s Dubai Schools Inspections Bureau (DSIB) rating to at least “Good” or maintained/further improved it. Evidence of leadership impact, including positive feedback from students, parents, and staff. Recognition and awards, such as a prestigious education award or participation in grants, competitions, or fellowships. Proven contributions to community work through educational projects or partnerships. Higher Education Institution Leaders: Must hold an advanced degree (e.g., PhD, professional doctorate, or master’s) or relevant professional qualifications (e.g., CPA). Must provide evidence of research contributions, such as published work in reputable journals, research grants, and collaborations. Demonstrate leadership by improving student outcomes (graduation rates, academic progress). Application Process KHDA has outlined a multi-step process for applying for the Golden Visa: Nomination: The process begins with a nomination from the candidate’s educational institution. Interested educators should discuss their interest with the head of their institution. If the institution supports the application, it will nominate the educator through the KHDA’s e-Services system. Internal Review: The institution will form an internal committee to review all the nominations and ensure they meet the eligibility criteria. Submission to KHDA: Once reviewed internally, the institution will submit the applications to KHDA. KHDA will assess the applications and coordinate with other relevant entities to finalize the list of educators eligible for the Golden Visa. Approval: If approved, KHDA will notify the selected educators and provide them with instructions to continue the visa process through the General Directorate of Residency & Foreigners Affairs (GDRFA). Required Documents Candidates will need to provide colored scans of their original documents during the application process. Original documents may be requested at later stages for verification purposes. Application Fees The Golden Visa application fees are available on the official GDRFA website. The cost of the visa will typically be covered by the educator unless their institution has agreed to bear the fees. Application Timeline Application period: Mid-October to mid-December every year. Processing time: 45 working days from the submission of all required documentation. Sponsoring Family Members Once an educator receives the Golden Visa, they will also be eligible to sponsor residency permits for their family members (spouse and children), allowing them to stay in the UAE for the duration of the visa. Frequently Asked Questions (FAQs) 1. How do I start the application process? You need to express your interest to your institution, and they will nominate you through the KHDA system if they support your application. 2. What happens after my application is submitted? Your institution will review your application, and if it meets the criteria, it will be forwarded to KHDA for final approval. 3. Do I need to submit original documents? You can submit colored scans, but original documents may be required at a later stage. 4. Are there fees involved in the application process? Yes, the fees are outlined on the GDRFA’s official website. 5. My current visa is about to expire. Should I wait for the Golden Visa or renew my current visa? It’s recommended to renew your current visa to avoid any legal issues, as the Golden Visa application process may take time. 6. How long does it take to process the Golden Visa? The process takes about 45 working days after all documentation is submitted. 7. What happens if my application is approved? You will receive instructions from KHDA to continue the process through GDRFA. 8. Who covers the cost of the Golden Visa? KHDA only nominates candidates. The applicant or the institution will need to cover the visa fees unless there is an agreement that the institution will pay. 9. Can I sponsor my family if I get the Golden Visa? Yes, you can apply for residency permits for your spouse and children. 10. I’m under my spouse’s sponsorship. Can I still be nominated? Yes, as long as you have a valid KHDA teaching license. 11. Do I need to meet all the criteria to submit my application? The more criteria you meet, the higher your chances of being selected. 12. Can I

Dubai, News
Delivery Service abab info

Delivery Service Business in Dubai and the UAE: A Complete Guide

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

Delivery Service Business in Dubai and the UAE: A Complete Guide All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The demand for delivery services has surged in Dubai and the UAE, driven by the booming e-commerce industry, food delivery platforms, and increasing consumer expectations for convenience. Starting a delivery service business in Dubai or the UAE is a lucrative opportunity for entrepreneurs, given the region’s rapid economic growth and strategic location as a global logistics hub. In this guide, we’ll explore the key aspects of setting up a delivery business, its potential, legal requirements, and the steps you need to take. Why Start a Delivery Service Business in Dubai and the UAE? Dubai and the UAE are among the most attractive markets for delivery services due to the following factors: E-commerce Boom: With the UAE’s e-commerce sector expected to reach $27 billion by 2025, delivery services are essential to keep up with online shopping trends. Population Growth: The UAE’s growing population, including its expatriate community, creates continuous demand for various delivery services, from groceries and food to pharmaceuticals and courier services. Strategic Location: Dubai’s position as a global logistics and trade center makes it an ideal location for delivery companies that cater not just to the UAE but to the wider MENA region. Types of Delivery Services You Can Offer in Dubai Food Delivery Service: Partner with restaurants or start an independent food delivery service, catering to the increasing demand for home dining. Courier Service: Offer express or standard courier services for documents, parcels, and packages. Grocery Delivery: Work with supermarkets or launch your own grocery delivery platform to provide essential goods. Pharmacy Delivery: Partner with pharmacies to deliver medications and health products to customers’ doorsteps. E-commerce Logistics: Provide last-mile delivery solutions for online retailers. How to Start a Delivery Service Business in Dubai Starting a delivery service business in Dubai involves specific legal and regulatory processes. Here’s a step-by-step guide to help you get started: 1. Choose the Type of Delivery Business First, decide on the type of delivery service you want to provide. Whether it’s food delivery, courier services, or grocery delivery, this will determine your business model, vehicle requirements, and partners. 2. Select a Business Structure In the UAE, you have multiple business setup options: Mainland: Allows you to operate freely across the UAE. Free Zone: Offers 100% ownership and tax benefits but may limit your operational area. Offshore: Suitable for international trading and logistics. 3. Register Your Company To legally operate in Dubai, you need to register your business with the Department of Economic Development (DED). You’ll need to: Choose a company name that complies with UAE naming regulations. Submit the necessary documents, including a business plan and identification. Obtain initial approval from the DED and secure a trade license. 4. Obtain a Trade License You must apply for a delivery service license, classified under “logistics services” or a similar category. Depending on the nature of your business, you may need additional approvals from relevant authorities such as the Road and Transport Authority (RTA) for vehicle permits. 5. Set Up Operations Fleet: Acquire delivery vehicles (bikes, cars, or vans) based on your service type. Technology: Develop or integrate a delivery management system to streamline operations and track deliveries. Warehouse: If you handle physical products, consider renting a warehouse for storage and inventory management. Staff: Hire trained drivers and ensure they have proper permits and knowledge of the city routes. 6. Partner with Vendors and Customers Establish partnerships with restaurants, grocery stores, pharmacies, and e-commerce platforms, depending on your niche. If you plan to target the courier market, building relationships with businesses that require regular deliveries will be crucial. 7. Market Your Services Promote your delivery services through digital marketing, social media, and collaborations with local businesses. Highlight fast, reliable, and safe deliveries to gain customer trust. Key Legal and Regulatory Requirements RTA Permits: Depending on your delivery fleet (bikes, cars, or trucks), you may need to secure special permits from the RTA. Insurance: Ensure that your delivery vehicles and staff are insured. VAT Registration: If your business exceeds the VAT threshold, you must register with the UAE’s Federal Tax Authority (FTA). Health and Safety: For food and pharmacy delivery services, follow all health and safety regulations. Costs Involved in Setting Up a Delivery Business in Dubai The cost of starting a delivery service in Dubai depends on the scale and type of business. Common expenses include: Trade License Fees: Can range from AED 10,000 to AED 15,000 depending on the type of business and location. Vehicle Purchase or Leasing: Costs vary depending on whether you use bikes, cars, or vans. Warehouse Rental: Storage space may cost between AED 20,000 and AED 100,000 annually, depending on the size. Technology Investment: Implementing a delivery management platform may cost around AED 5,000 to AED 50,000. Marketing and Promotion: Allocate a budget for digital marketing, social media advertising, and brand awareness campaigns. Conclusion Starting a delivery service business in Dubai and the UAE is a promising opportunity due to the region’s growing economy, e-commerce boom, and high demand for fast and reliable deliveries. By following the right legal procedures, setting up a strong fleet, and using technology to streamline operations, you can build a successful and scalable delivery service. If you’re considering setting up a delivery business, Tycoon Documents can assist you with business registration, licensing, and compliance, ensuring your venture gets off to a smooth and legal start. Contact us today to learn how we can help you succeed in the UAE’s thriving delivery service industry. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah
Holistic portrait of a student Feat Graphic x

Dubai Introduces Learner’s Passport

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Dubai Introduces Learner’s Passport All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us In a groundbreaking move to guarantee every child’s right to education, Dubai has introduced the “Learner’s Passport” for all newborns. This initiative, launched by the Knowledge and Human Development Authority (KHDA) in collaboration with the Dubai Health Authority, is designed to track the educational journey of children and ensure their seamless enrolment in schools at the right age. This step aligns with the larger vision of Dubai’s Education Strategy 2033, which aims to create an inclusive and high-quality educational environment for the emirate’s diverse population. What is the Learner’s Passport? The Learner’s Passport is a digital system that will be issued to every newborn in Dubai. Its primary purpose is to monitor the educational progress of children, starting from early childhood. The passport will ensure that all children of compulsory school age are identified and enrolled in educational institutions, preventing any child from being left behind. As KHDA Director-General Aisha Miran explained, “The Learner’s Passport guarantees every child’s right to education. It will register children at birth and monitor their educational milestones to ensure they are enrolled in school on time. The system will also provide parents with information on available nurseries and other educational options.” Ensuring Early Development A significant focus of the Learner’s Passport is to improve enrolment rates, especially among Emirati children, in early childhood education centers. Currently, the enrolment rate in early childhood centers is below the global average, affecting children’s long-term academic growth. Research shows that 90% of a child’s brain develops between the ages of zero and five, making this a crucial stage for shaping future academic performance. The Learner’s Passport will provide parents with insights into early educational options, enabling them to make informed choices that will support their child’s cognitive and social development from the earliest stages. Supporting Parents in Decision-Making One of the core goals of this initiative is to empower parents by providing them with comprehensive and tailored information about the educational paths available for their children. The system will not only track educational progress but also offer insights into academic and vocational pathways that align with the needs of the labor market. By offering this support, the Learner’s Passport ensures that parents can make well-informed decisions about their child’s future, whether it’s selecting the right nursery or exploring diverse education tracks, including vocational education. Goals of Dubai’s Education Strategy 2033 The Learner’s Passport is a central part of Dubai’s broader Education Strategy 2033, which aims to improve the quality of education across the city. The strategy includes key elements: Parental Awareness: Educating parents about their roles in their children’s education and providing information on available academic and vocational options. Teacher Development: Enhancing teacher training to improve education quality using modern methodologies. Diverse Educational Options: Offering students multiple educational choices, including vocational tracks, that cater to the needs of the labor market. Early Field Training: Providing students with real-world experience through early field training programs. Personalized Education Plans: Assessing students individually and creating customized educational plans for those needing additional support. Promoting Arabic and Cultural Identity: The strategy also emphasizes improving Arabic language skills and preserving cultural identity, particularly in a diverse society where English often dominates. Increasing Emirati Teachers: The strategy aims to increase the number of Emirati teachers by 10% over the next decade, adding approximately 3,000 more local educators to the workforce. Addressing Key Challenges in Dubai’s Education Sector The introduction of the Learner’s Passport comes at a time when Dubai’s education system is addressing several challenges, including rising school fees and the underperformance of Emirati students compared to non-Emirati students. By providing real-time tracking of students’ educational paths, the Learner’s Passport aims to mitigate some of these issues by ensuring early intervention where necessary. Aisha Miran also highlighted that the focus on improving the academic performance of Emirati students, coupled with efforts to curb rising education costs, is essential to providing equitable access to high-quality education for all. A Collective Effort for a Better Future Miran stressed the importance of collaboration in achieving the goals of Dubai’s Education Strategy 2033. Engaging parents, educators, schools, and the wider community will be key to ensuring the success of the Learner’s Passport and other educational reforms. Since 2005, Dubai’s education sector has seen tremendous growth, with the number of schools increasing from 136 in 2007 to more than 220 today. This expansion has enabled over 32,500 students to access private education. Evaluations by the KHDA show that 81% of students in private schools in Dubai now receive a “good” or higher standard of education, compared to just 30% in 2007. Conclusion The Learner’s Passport marks a significant step forward in Dubai’s ongoing mission to provide world-class education to all children. By ensuring early enrolment, supporting parental decision-making, and enhancing educational outcomes, this innovative system will play a critical role in shaping the future of Dubai’s next generation. As the city continues to evolve as a global education hub, initiatives like the Learner’s Passport will help guarantee that every child in Dubai has the opportunity to thrive academically and personally. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Dubai, News
Dubai

Why Choose IFZA for Company Formation?

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Why Choose IFZA for Company Formation? All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Technology and Innovation Opportunities In today’s world, technology drives innovation and progress. The UAE is dedicated to creating a thriving tech environment, offering endless opportunities for global entrepreneurs. Dubai is the top tech hub in the Middle East and North Africa (MENA) region, attracting all kinds of tech businesses. The city actively supports new technologies like AI, robotics, blockchain, and the Internet of Things (IoT), making it an ideal place for innovation and business growth. The UAE government has launched the Digital Economy Strategy, aiming to double the contribution of the digital economy to the GDP in the next ten years. This plan positions the UAE as a leading hub for the digital economy, offering a bright future for tech startups. Investment in Dubai’s tech industry is booming, with AED 4.3 billion invested in startups, making it the best place for new tech businesses. The presence of major companies like Amazon and Google further boosts Dubai’s status as a tech hotspot. What Does This Mean for Entrepreneurs? For entrepreneurs, Dubai offers unlimited opportunities. Innovation is not only encouraged but supported with resources to help businesses succeed. Entrepreneurs can grow and thrive in Dubai’s rapidly expanding digital economy. Access to a Skilled and Diverse Workforce By starting a business in Dubai, you gain access to a large, diverse workforce. Dubai’s population is about 3.5 million, with 85% being expatriates from over 200 countries. This cultural diversity brings a wide range of skills and perspectives, beneficial for businesses. Dubai also has a well-educated workforce. About 32.7% of the workforce holds a bachelor’s degree or higher. The city’s young, ambitious professionals are eager to work in innovative businesses. Overall, the diversity and talent in Dubai’s workforce make it a great place for businesses to thrive. Reach a Wider Customer Base Dubai’s world-class infrastructure enables entrepreneurs to expand their reach. The city’s two international airports, excellent road network, and modern metro system make it one of the best-connected cities in the world. Dubai International Airport is the busiest for international passengers, while Dubai World Central is a major hub for cargo. Dubai’s infrastructure is constantly improving, especially in sectors like energy, transport, waste management, and telecommunications. This continuous development creates a solid foundation for new businesses. Strategic Location Dubai’s location is another huge advantage. Positioned at the crossroads of Europe, Asia, and Africa, it’s a key hub for trade and travel. The city is easily accessible from major global financial centers, and its time zone allows it to do business with countries across these regions during normal working hours. Comparing Dubai with Other Global Hubs When choosing a city for starting a business, Dubai stands out compared to cities like London, New York, Singapore, and Hong Kong. Dubai has lower costs of living, fast business setup processes, and offers access to a highly diverse workforce. Additionally, Dubai has the lowest corporate tax rate at 9%. Setting Up a Business in Dubai: Mainland vs. Free Zones In Dubai, there are two main options for setting up a business: Mainland and Free Zones. Key differences include: Ownership: Mainland companies allow a maximum of 49% foreign ownership, while Free Zones offer 100% foreign ownership. Business Scope: Free Zone companies can only operate within the Free Zone, while Mainland companies can do business across the UAE. Workspace: Mainland companies need a physical office, while some Free Zone businesses can operate virtually. Visas: The number of visas for Mainland businesses depends on office size, while Free Zone companies follow specific visa rules. Approvals: Mainland companies need various government clearances, whereas Free Zone companies follow their own regulations. Why Choose IFZA for Company Formation? IFZA is one of the leading Free Zones in Dubai, offering: 100% ownership of your business No restrictions on sending profits back home Quick and easy incorporation No need to be physically present during setup Expert advice from a multinational team Flexible business licenses Tax benefits and no capital requirements Steps to Start a Business in Dubai Choose your business activity: Different licenses are available based on your business type (e-commerce, consulting, manufacturing, etc.). Pick a legal structure: Choose the best legal structure for your company in a UAE Free Zone. Starting a business in Dubai is straightforward, offering entrepreneurs excellent opportunities to succeed. Tycoon Documents will help you to complete All your legal procedures Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Dubai
Sharjah resources ab base

Commercial License in Sharjah: 2024 Guide

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Commercial License in Sharjah: 2024 Guide All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us If you’re planning to start a business in Sharjah, UAE, you’ll need a commercial license. This license, issued by the Sharjah Economic Development Department (SEDD), allows businesses to trade, import, export, and store goods legally. What is a Commercial License? A commercial license is a legal document that gives businesses the right to operate in Sharjah. It covers various activities like selling products, importing goods from other countries, and storing or distributing items within the emirate. How Much Does It Cost? The cost of a commercial license in Sharjah can range between AED 5,000 to AED 30,000, depending on your business type and activities. This price covers the legal permission to run your business in the region. Types of Commercial Licenses There are different types of commercial licenses available, depending on what your business does. These include: General trading license: For businesses that want to trade in multiple products. Specific trading license: For businesses that focus on a particular product category. Import/export license: For companies involved in international trade. E-commerce license: For online businesses. Who Can Apply? Both individuals and companies can apply for a commercial license in Sharjah. If you’re an individual, you need to be at least 21 years old. UAE nationals can own the business fully, while foreign nationals must have a local sponsor who owns 51% of the company. For companies, Limited Liability Companies (LLCs) need a minimum of two shareholders, while foreign companies can set up branches with 100% ownership in certain sectors. How to Get a Commercial License Initial Approval: First, you’ll submit a business plan and choose a company name, which the SEDD will review. Documentation: After approval, you need to provide documents like passport copies, visa information, tenancy contracts, and a business plan. Final Submission: Submit all documents along with the application form and pay the necessary fees. Once everything is reviewed, your commercial license will be issued. Maintaining and Renewing Your License Commercial licenses in Sharjah are valid for one year and must be renewed annually. The renewal process usually starts 30 days before the license expires. You’ll need to submit renewal forms, lease agreements, and pay fees (usually between AED 10,000 to AED 15,000). Benefits of a Commercial License A commercial license in Sharjah offers many benefits: Legal permission to operate within the UAE. Ability to import/export goods and trade in various markets. Easier access to bank accounts, office spaces, and government support services. The option to sponsor visas for employees. Holding a commercial license can also increase your company’s credibility and help you build trust with customers. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Sharjah
Best Places to Visit in Abu Dhabi

How to Get an Instant License in Abu Dhabi

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How to Get an Instant License in Abu Dhabi All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Abu Dhabi is a great place for starting a business and entering the Middle Eastern market. To set up a business here, it’s important to follow the legal steps. The government makes it easier for foreign investors by offering an instant license for business setup, which simplifies the process. What is an Abu Dhabi Instant License?The instant license is an online service provided by the Abu Dhabi Department of Economic Development (ADDED). You can get your business license on the same day without needing certain documents like a lease contract or Memorandum of Association (MoA). The license is valid for one year, but you must complete all business registration requirements within 90 days of receiving it. How to Apply for an Instant License in Abu DhabiFollow these simple steps to get your instant license: Choose Your Business ActivityStudy the market to find opportunities, and pick a business activity from the list of allowed activities by ADDED. Choose Your Business StructureDecide on your business type (like a sole establishment, LLC, or partnership) based on your needs. Create a UAE PASS AccountSign up on the UAE PASS portal to manage all your business license procedures easily. Get the Right Business LicenseMake sure you apply for the correct license needed to operate legally in Abu Dhabi. Submit Your ApplicationFill out the application form carefully to avoid delays. Receive Approval or RejectionAfter submitting, you will be informed whether your application is approved or rejected. Pay the FeesIf approved, pay the required fees to get your instant license. Why Choose Tycoon Documents?Tycoon Documents provides expert assistance for business setup in Abu Dhabi. We guide you through the entire process, from company registration to compliance with legal requirements. Contact us for more information about our services and packages to help you establish your business smoothly. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi
VAT

VAT Deregistration in the UAE: A Guide

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

VAT Deregistration in the UAE: A Guide All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The UAE has been operating under a 5% Value Added Tax (VAT) regime since 2018, covering most goods and services, particularly those related to the corporate sector. While businesses must comply with VAT obligations such as record keeping, filing VAT returns, and adhering to deadlines, there are scenarios where VAT deregistration is necessary. What is VAT Deregistration? VAT deregistration is the process by which a business ceases to be registered for VAT. This typically occurs when a company’s taxable transactions fall below the threshold set by the UAE’s Federal Tax Authority (FTA), or when the business stops trading altogether. Once deregistered, the business is no longer required to charge VAT on sales or claim VAT on purchases. However, they are also exempt from the administrative, financial, and legal burdens of VAT compliance. Conditions for VAT Deregistration in the UAE Eligibility for VAT deregistration depends on several factors: No Longer Providing Taxable Supplies: If a business ceases trading or providing taxable supplies and does not expect to have taxable transactions in the next 12 months, it must deregister. Falling Below the Voluntary Threshold: If the value of taxable goods and services provided by the business over the past 12 months falls below AED 187,000 (the Voluntary Registration Threshold), the business must deregister. Falling Below the Mandatory Threshold: If the taxable turnover drops below AED 375,000 (the Mandatory Registration Threshold), the business must apply for deregistration after 12 months of voluntary registration. Note: Voluntary registration requires a company to remain VAT-registered for at least 12 months before it can deregister. Steps to Deregister for VAT Log into the FTA Portal: Go to the FTA web portal and log into your Taxable Person Account using your Tax Registration Number (TRN). Select Deregister Option: In the VAT section, choose the “De-register” option from the “Actions” menu. Choose the Reason: Select the reason for deregistration from the drop-down list (e.g., no longer providing taxable supplies, value of taxable supplies below the threshold). Upload Documents: Provide supporting documents for your deregistration request. Submit Application: Complete and submit your application form. FTA Review: Wait for FTA approval. The review process typically takes around 20 working days. Submit Final VAT Report: Once pre-approved, file your final VAT return with the FTA. Clear Outstanding Liabilities: Settle any outstanding VAT debts or request reimbursement, if applicable. Receive Deregistration Certificate: Once the process is complete, download your Deregistration Certificate from your e-Services account. Key Considerations The final VAT return and payment of outstanding VAT must be completed within 28 days of the deregistration’s effective date. Failure to do so can result in penalties. Businesses must continue filing VAT returns until the deregistration is officially approved. Non-compliance with the deregistration process or delays can lead to penalties, including an initial fine of AED 1,000 and additional monthly penalties of AED 10,000. Additional VAT-Related Costs Penalties for Late Deregistration: AED 1,000 initially and up to AED 10,000 monthly. Deemed Supplies: Goods or services involved in a business may be considered as deemed supplies and should be included in the final VAT return. VAT Support Services by Tycoon Documents Tycoon Documents offers a wide range of VAT-related services, including: VAT registration and deregistration Filing VAT returns Consultancy on VAT compliance and corporate tax By handling the complexities of VAT deregistration and offering guidance on compliance, Tycoon Documents ensures that businesses can efficiently manage their tax obligations and avoid penalties. Contact Tycoon Documents for a consultation on how they can assist with VAT or other business needs. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

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