Dubai

dubai business view 1200 1

How to Start a Business in Dubai: Updated Guidelines for 2024

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

How to Start a Business in Dubai: Updated Guidelines for 2024 All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Dubai has emerged as a global business hub, offering numerous opportunities for entrepreneurs and investors. With recent updates in laws and regulations, setting up a business in Dubai has become more streamlined. This article provides the latest information on the process, costs, and legal requirements for establishing a business in Dubai. 1. Understanding Business Jurisdictions in Dubai Dubai offers various business jurisdictions, each with its own regulations, benefits, and requirements. The three main jurisdictions are: Mainland: Allows for 100% foreign ownership and enables businesses to trade within the UAE market. Free Zones: Ideal for companies focusing on international markets, offering tax benefits and 100% foreign ownership. Offshore: Suitable for businesses looking for international business operations with no physical office in Dubai. For detailed information on each jurisdiction, visit the official Government of Dubai – Department of Economic Development. 2. Latest Updates on Company Ownership In 2021, the UAE government allowed 100% foreign ownership for businesses set up in the mainland, eliminating the need for a local sponsor in most sectors. This change has been a game-changer for foreign investors looking to have complete control over their business. For more details on the sectors that allow 100% ownership, refer to the UAE Government Portal. 3. Steps to Register a Business in Dubai To establish a business in Dubai, follow these key steps: Select a Business Activity: Choose from the over 2,000 activities listed by the Department of Economic Development (DED). Choose a Business Structure: Decide on the legal structure, such as LLC, sole proprietorship, or branch office. Register the Trade Name: Ensure the trade name is unique and complies with DED’s naming guidelines. Apply for Initial Approval: Obtain approval from DED to proceed with your business setup. Draft and Notarize the MOA: Prepare the Memorandum of Association and get it notarized. Lease Office Space: Secure a business location and get your tenancy contract. Apply for a Business License: Submit all required documents to DED and pay the necessary fees. For a detailed guide on business registration, refer to the DED Official Website. 4. Costs Involved in Setting Up a Business The cost of setting up a business in Dubai varies depending on the type of business, jurisdiction, and other factors. As of 2024, the average costs are as follows: Mainland Company: AED 15,000 to AED 50,000 Free Zone Company: AED 10,000 to AED 30,000 Offshore Company: AED 12,000 to AED 25,000 These costs cover license fees, registration, office space, and other initial expenses. For up-to-date fee structures, check the DED Fee Calculator. 5. Corporate Tax and Compliance Starting from June 2023, the UAE introduced a federal corporate tax of 9% on profits exceeding AED 375,000. However, businesses in Free Zones can still benefit from tax exemptions if they meet specific criteria. For a comprehensive overview of the corporate tax regulations, visit the Federal Tax Authority Website. 6. Obtaining Visas for Employees Businesses in Dubai can apply for employee visas based on their office space and type of business. Companies must provide health insurance and comply with UAE labor laws. For the latest visa regulations, refer to the General Directorate of Residency and Foreigners Affairs (GDRFA). 7. Intellectual Property Rights Protecting your brand and intellectual property (IP) is crucial in Dubai. Registering trademarks, patents, and copyrights with the Ministry of Economy ensures legal protection and prevents unauthorized use. For IP registration procedures, visit the Ministry of Economy UAE. Conclusion Starting a business in Dubai in 2024 is a promising venture with the new regulations and incentives introduced by the government. By following the updated guidelines and leveraging the benefits offered by different jurisdictions, entrepreneurs can establish a successful business in this dynamic market. For the most reliable and up-to-date information, always refer to government and official sources. 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
dubai uae skyline with world famous buildings free vector

Understanding the UAE’s E-Channel System: A Step Towards Smart Governance

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

Understanding the UAE’s E-Channel System: A Step Towards Smart Governance All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us In today’s digital age, smart systems are more crucial than ever. The UAE, recognizing this need, has recently introduced the e-channel system—a cutting-edge online platform that simplifies processes such as naturalization, service applications, and more. This innovative system aligns with the UAE’s vision of expanding business digitization, offering users the convenience of managing tasks online without the need for physical visits to government offices. The e-channel system provides round-the-clock access, consolidating information related to immigration, visas, and other essential services into a single, easy-to-navigate platform. Available to UAE and GCC nationals, expatriates, and visitors alike, the system facilitates seamless registration and management of accounts. As the UAE continues to integrate advanced technologies, the e-channel system is expected to become even more efficient and user-friendly. What is the E-Channel UAE System? The e-channel UAE system revolutionizes immigration-related applications by transitioning them online. This eliminates the need for in-person visits to typing centers, making the process faster and more efficient. The system caters to individual applicants, sponsors, and businesses that manage immigration processes for their employees. By embracing this digital solution, the UAE has set a new standard for convenience and efficiency in immigration procedures. How to Register for E-Channel in the UAE Registering for the e-channel system is straightforward and secure. Here’s how to get started: Choose Your Structure: Visit the e-channel portal and select your preferred structure—either as an individual or an establishment. Free zone establishments must register using their free zone corporation’s details. Click “Registration” to proceed. Email Verification: Enter your business email address for verification. You will receive instructions via email. Complete this step to ensure data security and to receive future updates about your e-channel account. Submit Establishment Details: Fill in the required establishment details, and consider consulting legal advisors in Dubai for assistance. After submitting the details, click “Next” to proceed. Enter User Details: Follow the on-screen instructions to accurately fill in user details. Complete Registration: After submitting all the necessary information, confirm your registration. You will receive a confirmation email, signaling the successful completion of the process. Start Using the Portal: Once registered, you can begin submitting application requests through the e-channel system. Provide the necessary documents, such as passport copies and photographs, complete the payment process, and receive an email confirmation for your service request. Benefits of the E-Channel System in the UAE The e-channel immigration system offers numerous benefits, enhancing both the applicant and administrative experiences: Accelerated Processes: The UAE government is committed to digitizing immigration, visa, and residency procedures. The e-channel system supports this initiative, enabling applicants to submit online applications for various visas. This digital approach saves considerable time and effort, particularly for those looking to establish businesses in the UAE. Streamlined Operations: The e-channel system allows applicants to receive important notifications and track the progress of their applications online. Businesses can also manage work and residence visas for their employees, making operations smoother and more efficient. Minimal Paperwork: By digitizing the application process, the e-channel system significantly reduces the need for paperwork. Applicants can submit scanned copies of required documents, and all payments are processed online, with e-receipts provided for record-keeping. Unified System: The e-channel system is used by six of the seven Emirates, ensuring a consistent and interconnected approach to immigration services across the UAE. Dubai, which operates its own system, is the exception. Reduced Administrative Burden: The introduction of the e-channel system has significantly lessened the workload for immigration centers, reducing queues and wait times. This digital transformation allows the Ministry of Interior (MOI) to focus on more strategic tasks, improving overall efficiency. E-Channel Fees The cost of registering for the UAE e-channel system includes an initial registration fee of AED 2,300 and a refundable security deposit of around AED 5,025. Additional fees, such as payment and renewal charges, may also apply. The total cost typically ranges from AED 7,500 to AED 9,000, inclusive of VAT, with no hidden charges. The UAE government maintains full transparency in all transactions, ensuring a straightforward and honest registration process. 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
FREEZONE

List of Free Zones (Free Trade Zones) in the United Arab Emirates

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

A Complete List of Freezones in the UAE All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us More Than 40 Multidisciplinary Free Zones in the UAE The UAE offers investors more than 40 multidisciplinary free zones, in which expatriates and foreign investors can have full ownership of companies. These zones are characterised by their highly efficient infrastructure, and distinct services that facilitate smooth workflows, saving businesses considerable time and effort. List of UAE Free Zones There are 46 Free Zones operating in the UAE, which include the following: List of Free Zones in Dubai There are more than 28 Free Zones operating in Dubai, which include the following: Free Zones Highlights International Free Zone Authority (IFZA) One of the most economical free zones for business setup Offers e-commerce license No requirement for a physical office Provision for virtual office Dubai Multi Commodities Centre (DMCC) Named world’s number 1 free zone by Financial Times’ fDi Magazine One of two free zones that allows crypto-commodities trading Offers dual license Allows upto six activities under the same group Dubai Airport Free Zone (DAFZA) Rated as one of the top economic zones Offers dual license Offers a variety of facilities ranging from flexi-desk to warehousing Offers e-commerce license Dubai Auto Zone (DAZ) World’s most comprehensive marketplace for the auto industry Ideal for import, export and car maintenance Dubai Cars and Automotive Zone (DUCAMZ) Largest free zone dedicated to the used cars industry Various facility options ranging from office spaces to showrooms Dubai Design District (D3) Region’s first and largest design district dedicated to art, design and fashion industry Part of TECOM group Issues freelancer permits Dubai Flower Centre (DFC) Hub for the floriculture industry The world’s best cool chain management Gold and Diamond Park (DGDP) Largest free zone dedicated to gold and diamonds business Offers e-commerce license Dubai Healthcare City (DHCC) Region’s largest integrated healthcare free zone Dubai Industrial City (DIC) One of the largest industrial hubs in Dubai. Part of TECOM group Home to global MNCs such as Facebook and LinkedIn Dubai International Academic City (DIAC) Largest higher education free zone in the world. Issues freelancer permits Part of TECOM group Dubai International Financial Centre (DIFC) Fastest growing international financial centre Unlike other jurisdictions, this follows the English law instead of Sharia law Well known for its stock trade Dubai Internet City (DIC) Largest IT hub in the Middle East and North Africa Offers e-commerce license Part of TECOM group Dubai Knowledge Park (DKP) World’s only free zone dedicated to learning excellence and human resource management Offers freelancer license Part of TECOM group Dubai Logistics City (DLC) World’s first multi-modal integrated logistics platform Offers education license Dubai Maritime City Authority (DMCA) First location to be established to solely cater to the maritime industry in the UAE Consists of six districts, each of which focuses on a specific maritime operation Dubai Media City (DMC) MENA’s largest integrated media hub Part of TECOM group Offers a range of facilities across various locations Dubai Outsource City (DOC) First free zone in the world dedicated to the outsourcing industry Part of TECOM group Dubai Science Park (DSP) First free zone established to specifically cater to companies in different science sectors Part of TECOM group Dubai Silicon Oasis Authority (DSOA) Home to Dubai’s first smart city, Silicon Park. Offers an array of facilities Dubai Studio City (DSC) A global hub for production, broadcast and entertainment Offers freelancer permit Part of TECOM group Dubai Techno Park (DTP) Home to some of the most high-profile companies in the technology sector Member of Economic Zones World Dubai Textile City (DTC) One of the largest and most convenient textile centre in the region Established as a joint venture between TEXMAS, Dubai Port, and Customs Authorities Energy and Environmental Park (Enpark) Designed and dedicated to environmental technology and clean energy Part of TECOM group International Humanitarian City (IHC) Global humanitarian and aid hub Independent free zone authority created by the Government of Dubai Offers various facilities ranging from office space to warehouses Jebel Ali Free Zone Authority (Jafza) Oldest free zone in the UAE Named the flagship free zone of Dubai Ports (DP) World Offers e-commerce license Holds ISO certification Dubai Production City (DPC) Region’s leading media production hub. Offers freelancer permit Part of TECOM group Dubai Wholesale City Region’s first fully integrated wholesaler trade hub Part of TECOM group List of Abu Dhabi Free Zones Free Zones Highlights Abu Dhabi Global Market (ADGM) Award-winning international financial centre Khalifa Industrial Zone Abu Dhabi (KIZAD) One of the most economical free zones in Abu Dhabi Has one of the highest quality warehouses in the UAE Allows entrepreneurs to have up to 5 similar business activities twofour54 Media and entertainment hub Offers freelancer license Industrial City of Abu Dhabi (ICAD) One of the most technologically advanced free zones Contains 5 clusters to cater to different industries ZonesCorp Largest operator for purpose-built industrial zones in the UAE Masdar City Free Zone A sustainable economic and urban development free zone Recognised as the best free zone for renewable energy by Financial Times fDi Magazine in 2016 List of Sharjah Free Zones Free Zones Highlights Sharjah Media City (Shams) One of the fastest-growing free zones in the UAE Not restricted to only media-related activities. Offers freelancer permits Can register business without attested documents Sharjah Airport International Free Zone (SAIF) Has one of the largest customer bases in the world Home to some of the most prestigious companies based in the UAE Offers high quality facilities at the lowest costs Hamriyah Free Zone Authority (HFZA) 2nd largest industrial free zone in the UAE Variety of facilities ranging from executive offices to customisable plots of industrial land Sharjah Publishing City Free Zone (SPCFZ) First printing and publishing free zone in the world Can conduct up to 5 activities under 1 license without any additional fee Offers dual license Not restricted to just printing and publishing Sharjah Research Technology and Innovation Park (SRTIP) Offers a variety of facilities ranging from

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

A Complete Guide for UAE Offshore Company Setup

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

A Complete Guide for Offshore Business Setup in the UAE All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us How to Setup Offshore in Dubai and the UAE Setting up a UAE offshore company has become a popular choice for investors seeking to expand their foreign trade opportunities. A Dubai offshore company offers an ideal combination of tax efficiency and cost-effectiveness. Often referred to as non-resident “paper” companies, offshore entities in the UAE allow entrepreneurs in the MENA (Middle East & North Africa) region to operate with minimal administrative responsibilities. These businesses are structured as Limited Liability Companies, offering full ownership with tax exemptions and no annual accounting or tax obligations. Offshore companies are commonly used for: International trading Holding company functions Shipping operations Real estate ownership Registering copyrights and patents Providing international consulting services Regulations for International Company Registration While the UAE offshore company registration process is relatively straightforward, there are important considerations to keep in mind: No minimum share capital is required. At least one shareholder and one director are necessary. Shares must be fully paid at the time of allocation; bearer shares and differential share classes are not permitted. Capital does not need to be deposited in a bank. 100% foreign ownership is allowed, with full exemption from taxes and duties. You can open a corporate bank account in Dubai. A registered agent, such as a legal firm or consultant from an approved list, must be appointed. UAE offshore companies fall under the jurisdiction of UAE free zones. Incorporation can be done remotely, but documents must be signed at the registered agent’s office. Authorities may request audited financial statements if needed. Offshore vs. Free Zone Company Setup UAE offshore companies differ from UAE free zone companies. Offshore companies are set up primarily to operate outside their registered jurisdiction or ultimate ownership location. In contrast, free zone companies are onshore entities allowed to conduct business within the UAE and offer UAE residency for shareholders and employees. Benefits of Registering an Offshore Company in Dubai Foreign entities have several reasons for choosing a UAE offshore company, including: Access to international market expansion Stability and a favorable legal system Flexible regulatory environment Tax neutrality on international earnings, depending on the jurisdiction Increased access to global funding Asset protection and separation, including intellectual property The UAE offers three main jurisdictions for offshore company formation: Jebel Ali Free Zone Authority (JAFZA) Ras Al Khaimah (RAK) Ajman Free Zone Of these, RAK and JAFZA are particularly popular. Both provide tax-free environments and permit 100% foreign ownership. Additionally, the UAE has Double Tax Treaty agreements with over 90 countries. Offshore companies can also open multi-currency accounts for international transactions, though they may not conduct business with UAE residents or maintain physical premises in the UAE. While both RAK and JAFZA have their advantages, Ras Al Khaimah is generally more cost-effective, whereas JAFZA allows for property ownership in Dubai. Both jurisdictions require an approved registered agent. JAFZA Offshore Company Incorporation: Features & Benefits Established in 2003 under the Jebel Ali Free Zone Offshore Companies Regulations, JAFZA offers: A minimum of 1 shareholder is required, and corporate shareholders are allowed. International corporate shareholders must provide attested company documents. At least two directors are needed, and corporate directors are not permitted. Director details are not publicly disclosed. A company secretary is mandatory; a director can also serve as the secretary. No minimum share capital is required. Accounting records must be maintained for up to 10 years, with annual audits required from approved auditors. Benefits of JAFZA Offshore Incorporation: 100% foreign ownership Ability to own real estate in Dubai (subject to free zone and developer permissions) Can own shares in free zone and onshore LLC companies Multi-currency bank account availability for international transactions Shareholders and directors can remain confidential RAK Offshore Company Incorporation: Features & Benefits Introduced in 2006 under the Ras Al Khaimah Free Trade Zone Authority International Companies Regulations, RAK offers: A minimum of 1 shareholder is required, with corporate shareholders permitted. International corporate shareholders need attested company documents. At least one director is required, and corporate directors are not allowed. Director details are not publicly accessible. A company secretary is necessary; a director can also act as the secretary. No minimum share capital is required. Accounting records must be kept for up to 7 years, though they do not need to be filed with RAK authorities. Benefits of RAK Offshore Incorporation: 100% foreign ownership Ability to own shares in free zone and onshore LLC companies Fast incorporation process, typically within a week Multi-currency bank account availability for international transactions Confidentiality for shareholders and directors Start Your UAE Offshore Company Today! Establishing your international business in the heart of the world’s business capital is now possible. With the support of experienced business consultants like Tycoon Documents, you can get answers to all your questions about setting up an offshore company in Dubai. Explore a world of opportunities by setting up your business in the UAE. TycoonDocuments experts are ready to guide you through the offshore company incorporation process, ensuring a smooth and hassle-free transition. Contact us at +971 56 993 1404, WhatsApp 971 56 993 1404, or email info@tycoondocuments.com. 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
bdbaafdedefaedf

A Complete Guide for Influencer License in the UAE

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

A Complete Guide for Influencer License in the UAE All VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us How to Obtain an Influencer License in Dubai and the UAE The United Arab Emirates (UAE) has become a thriving hub for social media influencers, thanks to its dynamic population and rapidly evolving digital landscape. The country has seen a surge in both local influencers and international creators. To ensure a safe and transparent influencer space for consumers and brands alike, the National Media Council (NMC) has introduced new regulations, effective from July 1st, 2024. These regulations mandate that social media influencers obtain a license before engaging in promotional activities. This move is a significant step toward establishing a more structured and transparent influencer ecosystem in the UAE. Partnering with licensed influencers can significantly enhance your influencer marketing services in the UAE. This guide provides aspiring and established influencers with a roadmap for navigating the new influencer licensing system in the UAE. We’ll explore who needs a license, the benefits of obtaining one, and how to acquire it, ensuring you remain compliant and successful in the digital space. Why the Change? The UAE’s influencer landscape has been growing exponentially over the past few years. To ensure this dynamic environment continues to thrive responsibly, the UAE has introduced influencer licenses. The goal is to create a more responsible and regulated social media environment. The NMC aims to ensure transparency and ethical practices within influencer marketing, protecting both consumers and brands. The license acts as a safeguard against misleading or deceptive advertising, promoting content that aligns with UAE community guidelines. These measures contribute to a better and safer digital space. Who Needs an Influencer License? The new regulations apply to anyone residing in the UAE who earns monetary benefits or receives gifts in exchange for promoting products or services on social media platforms like Instagram, YouTube, and Facebook. This includes bloggers, vloggers, and anyone monetizing their content through brand partnerships. Social media marketing teams working with influencers must also comply with these regulations. What are the Benefits of Getting an Influencer License? While obtaining a license might seem like an extra step, it offers several advantages: Legality and Credibility: Holding a license enhances your credibility. It shows your adherence to NMC guidelines, granting you legitimacy and boosting your standing with brands and potential clients. Protection: The license promotes transparency and fair practices within the influencer industry, safeguarding both influencers and consumers. Growth Opportunities: Having an influencer license opens doors to collaborations with larger brands and participation in official influencer marketing campaigns. What Are the Laws for Influencers in the UAE? In 2018, the UAE government introduced regulations requiring individuals involved in paid promotional work on social media to obtain a license from the NMC. These regulations apply specifically to influencers receiving monetary compensation or gifts for their work. To obtain the NMC permit, one must apply for an E-Media License. However, those who occasionally review products or create content on their website generally do not need a license. In addition to obtaining a license, social media influencers must adhere to several rules, including: Maintaining records of all promoted materials. Complying with laws regarding photography, defamation, and privacy. Avoiding statements that could be considered blasphemous. Refraining from using language or messaging that is anti-Islamic, promotes sinful activities, or could negatively influence minors. Not sharing content that mocks national leaders or disrupts public peace. Social media influencers are also prohibited from promoting alcohol in any form. Compliance with these regulations is crucial for ensuring a responsible and lawful approach to social media influencing in the UAE. What is an NMC License? The National Media Council (NMC) license for social media influencers was first introduced in 2018. The license is designed to regulate the social media influencer industry. The National Media council falls under Media Regulatory Office – Ministry of Culture and Youth. It is mandatory for anyone who receives financial compensation through their work, including advertising, reviews, or ‘product placement’ in their content. The NMC license does not apply to the owners of personal websites, bloggers, or people who promote their brands on social media. It also doesn’t apply to people who do unpaid reviews of products (assuming they are independent of the brand they’re reviewing and receive no remuneration). NMC licenses initially last one year and must be renewed annually. There are three licensing options for the NMC license, as follows: Category 1 NMC License Category 1 licenses are for influencers who want an individual license that will allow them to continue working as completely independent social media influencers. Category 2 NMC License This kind of social media license covers small groups of influencers who want to come together and set up a company. The company needs to be registered and will have to hold a trade license. This approach has the advantage of being less expensive than Category 1 licenses. Category 3 NMC License The third NMC license option is for you to sign up with one of the official Dubai social media influencer agencies already certified by the National Media Council. These agencies have a license covering all their influencers, and they will cover you. The drawback, of course, is that you may have less control over what content you promote. If you are found to be working as a social media influencer without holding an NMC license, you may face a fine of AED 5,000 and could even have your social media accounts suspended. How to Get an Influencer License in Abu Dhabi To obtain your influencer license in Abu Dhabi, follow these steps: Visit the Tamm platform and log in using your digital ID. Navigate to services provided by the Abu Dhabi Department of Economic Development (DED). Choose the freelancer license option. Fill out the required information. Pay the necessary fees to receive your license via email. Steps to Obtain a Social Media Influencer License in Dubai, UAE The process of obtaining an influencer license in Dubai, UAE, is relatively straightforward

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

A Complete Guide of UAE Freelance Visa In 2024

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

Everything you need to know about Freelancer Visa All VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Freelance Visa in UAE – Types, Benefits , Eligibility, Cost,Process Freelance Visa and Permits in the UAE Explained If you want to start your own business or work from home, the UAE offers a great opportunity through the freelance permit. To work as a freelancer, you need both a UAE residence visa and a freelance work permit. Freelancing in the UAE lets you work independently, but there are a few things to consider. What is a freelance permit? It’s a special permission from the government that allows you to work legally in the UAE. It’s not the same as a visa and can be obtained from certain government departments or special business zones. To live in the UAE, you need a visa. But you don’t always need a specific freelance visa if you have a freelance permit. For example, if you have a family visa from a family member, you can still get a freelance permit. If you already have a full-time job with an employment visa, you can get a freelance permit to do extra freelance work. Sometimes, you might need a No Objection Certificate (NOC) from your current visa sponsor. In the UAE, you can get a freelance work permit from various sources. It might come from a government department like the Abu Dhabi Department of Economic Development (ADDED), or more commonly, from free zones. Free zones like Dubai Media City, Abu Dhabi’s twofour54, and Ajman Creative City offer freelance permits. Other emirates have similar options too. Key Points About Freelance Permits in Dubai: The cost of the freelance permit does not cover your visa, Emirates ID, or health insurance. These are extra costs you need to think about when budgeting. You can apply for a freelance work permit even if you are not in the UAE. Once your application is approved, you’ll get an entry permit to enter the UAE. After entering, you can continue with the visa application. If you are already in the UAE on a visit visa, you can apply for both the work permit and the visa. Some free zones offer a sole proprietorship license instead of a freelance permit. This lets you own a company fully. However, you might need to switch your visa to the free zone’s visa. A freelance permit is great for people in media, technology, and education who want to work independently and build their client base. It’s ideal for those who don’t want a full-time job or prefer short-term contracts. It’s also good for people living outside the UAE who want to work on short-term projects. Some free zones may ask for a business plan with your application. This plan should show your current and future contracts to prove you qualify for the permit. Depending on what you do, you can choose one or more types of work when applying for a freelance permit. Different free zones offer different options. To apply, you can contact the relevant authority or sign up online through their official websites or apps. Getting a freelance permit in the UAE involves several steps and costs. It’s important to plan for all expenses. This permit is ideal if you want to work independently without committing to a full-time job. Benefits of Freelance Visa and Permit in the UAE Having a freelance permit and visa in Dubai offers several advantages: Work Flexibility: With a freelance visa, you can work for multiple companies or clients. This flexibility is perfect if you prefer not to have a traditional 9-to-5 job and want to take on different projects. Cost-Effective: Freelance visas in Dubai are usually cheaper than setting up a full company. This lower cost helps you offer competitive prices, which can attract more clients. No Office Space Needed: Unlike traditional businesses, you don’t need to invest in office space with a freelance visa. This means lower overhead costs and an easier entry into the market. Access to Free Zones: Freelancers with a Dubai visa can use business centers in free zones. These centers provide essential resources and facilities to help you work efficiently. Family Sponsorship: With a freelance visa, you can sponsor your family members to live with you in Dubai. This is a great benefit if you want your loved ones close while you work. Affordable and Flexible: Applying for a freelance visa in Dubai is cost-effective, with options for 1 or 3-year validity. You also have access to multiple free zones. It’s also a good option if your spouse lives in Dubai, as it can help with family reunification. Job Opportunities: Dubai has many job opportunities and assignments for freelancers through official marketplace websites. You can connect with companies and people looking for freelancers with your skills. Freelance visas offer flexibility and opportunities for both residents and non-residents to work legally in Dubai. Be sure to check the specific requirements and procedures for each type of visa to find the one that best fits your needs. What Can You Do with a Freelance Permit in the UAE? With a freelance permit in the UAE, you can: Offer Your Services: You can provide your services to individuals and companies. Get Paid: You can bill your clients and receive payment for your work. Work with Government Organizations: You can work with government agencies if your freelance services require it. Use Shared Office Spaces: Many free zones offer shared office spaces for freelancers. These co-working spaces provide a professional environment to work and give you a chance to network with other professionals. It’s like having an office without needing a long-term lease or working from home. Types of Freelance Visas in Dubai In Dubai, different types of freelance visas are available depending on your situation: Freelance Visa and Work Permit for Residents: If you already live in Dubai, you can apply for a freelance work permit even if you have a full-time job. If you’re employed,

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

Everything you need to know about Job Seeker Visit Visa

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

Everything you need to know about Job Seeker Visa All VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Jobseeker visit visa   Foreigners are granted a visit visa to search for a job without requiring a host/sponsor in the country, for one trip. You can apply for a job-seeker visa with a validity of either 60, 90 or 120 days. Read about the eligibility criteria and the steps to apply.  UAE job seeker visa validity options The UAE job seeker visa will be issued with three validity options, including for a period of 60, 90 and 120 days. Therefore, job seekers will have around 4 months to explore the job market in the UAE. UAE job seeker Visa eligibility requirements The job seeker visa does not require a sponsor or a host and will be granted if the applicant meets the following requirements: Is classified in the first or second, or third skill level as per the Ministry of Human Resources and Emiratisation Level 1: Legislators, managers, and business executives Level 2: Professionals in scientific, technical, and human fields Level 3: Technicians in scientific, technical, and humanitarian fields Is a fresh graduate of the best 500 universities in the world Is able to support themselves during the time they are in the country Has a minimum educational level of a bachelor’s degree or its equivalent. Graduated a maximum of two years before the year of application. UAE job seeker visa documents required To apply for the UAE job seeker visa, the following documents will be required: A passport copy of the applicant. A coloured photo of the applicant’s Government authorised identity card Attested qualification certificates Please note that additional documents may be required in some cases. How to apply online for the UAE job seeker visa? The UAE job seeker visa or the job exploration visa can be applied for online from the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website by following the steps given below: Visit the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website. Select the type of job seeker visa you want to apply for from the validity options of 60, 90 and 120 days. Fill in the required information and submit the attachments as required. Pay the visa application fees and submit your visa request. Please note that you can also apply for the UAE job seeker visa at Tycoon Documents and Services 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
E commerce

Complete Guide : How to Setup E Commerce Business in Dubai

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

E Commerce Business in Dubai All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us   How to Get an E-Commerce License in Dubai The e-commerce market in Dubai is booming, fueled by a surge in online shopping since the COVID-19 pandemic. With nearly everyone having access to fast and reliable internet service, industry experts forecast the UAE’s e-commerce sector to reach USD 8 billion by 2025. This thriving market presents a lucrative opportunity for business-savvy individuals looking to capitalize on the growing demand for online goods and services. But why and how can you set up an e-commerce business in Dubai? This article will explore the entire process and requirements to start an e-commerce business in Dubai. Why is Dubai a Lucrative E-commerce Market? The UAE has the fastest-growing online market in the Middle East and Northern Africa (MENA) region, with many natural and administrative factors contributing to this. Here are some reasons why you should start an e-commerce business in Dubai: 100% foreign business ownership 0% personal income tax Extensive transportation networks for fast and convenient product delivery services High standard of manufacturing and warehousing facilities Seamless and cost-effective business setup procedures Availability of secured and convenient online payment gateways Effective and interest-free installment payment options for customers A supportive business ecosystem for startups and SMEs A fast, efficient, and highly secured banking system A pool of multi-national, innovative, and creative IT talents Fast, reliable, and affordable logistics and delivery services Top Online Selling Platforms in Dubai, UAE The online market in Dubai is highly competitive, with some of the region’s most renowned online marketplaces offering a wide range of products. When opening an e-commerce business in Dubai, you will likely face competition from some of the top brands in the market: Amazon.ae: Electronics, Fashion, Homeware, Groceries, etc. Noon.com: Fashion, Electronics, Beauty products, Baby items, and Homeware Namshi.com: Fashion Apparel, Footwear, and Accessories Ounass.com: Luxury Fashion and Beauty Products Jumbo.ae: Electronics, Appliances, and Home Entertainment Products Sharaf DG: Electronics and Home Appliances SHEIN: Fast Fashion, Trendy and Affordable Clothing, Accessories, and Beauty Temu: Fashion and Lifestyle items How to Get an E-Commerce License in Dubai The business and legal regulatory body governing business operations in Dubai, the Department of Economy and Tourism (DET), stipulates the necessity to obtain the required business license to conduct specific business activities. Therefore, you will need an e-commerce license in Dubai to sell using any online platform like your website, social media, or an e-marketplace. Dubai offers three types of e-commerce licenses: Portal License: Allows you to open an e-marketplace in Dubai, like Amazon, acting as an intermediary between buyers and sellers. E-commerce License: Perfect for selling a specific range of products using your website and social media handles. E-trader License: A unique and affordable license for UAE and GCC nationals to perform small-scale home e-commerce business activities using social media. Foreigners can use this license to provide online services but cannot open a shop or issue visas. You are not limited to selling or providing online services only with an e-commerce license. Other types of business licenses in Dubai, UAE, also allow you to sell products and offer services using the Internet. Steps to Get an E-Commerce License in Dubai Company formation in Dubai is a straightforward process, but it can be frustrating and time-consuming without proper preparation and understanding of the legal procedures. Here are simplified steps for a smooth and hassle-free experience: Perform market research to understand the UAE e-commerce market trends, customer demands, and behaviors. Draft a concise business plan outlining your goals, target customers, and product offerings. Outline your legal structure to determine your ownership rights, desired business entity (Freezone or Mainland), and preferred e-commerce business license in Dubai. Choose a unique name for your company that resonates with your target market and product offerings. Collect and fill out the trade license application form from the Department of Economy and Tourism (DET). Submit all relevant documents and get initial approval from all relevant authorities. Apply for your e-commerce business license and pay related fees. Get your business license, apply for visas, and open a business bank account in the UAE. What is the Cost of an E-Commerce Trade License in Dubai? The actual cost of starting your online store in Dubai will depend on your needs and requirements. Getting a Freezone license in Dubai is often a cost-effective option. Several Freezones in UAE are designed to meet specific demands of the commerce industry. List of Some Freezones in UAE for E-commerce Company Formation Dubai CommerCity Freezone International Freezone Authority (IFZA) Sharjah Media City Freezone (SHAMS) Meydan Freezone Dubai Digital Park Freezone (Dtec) Ras Al Khaimah Economic Zone (RAKEZ) Dubai Multi Commodities Centre (DMCC)    Frequently Asked Questions Here are answers to the most frequently asked questions. Can foreign nationals own 100% of a company in Dubai? Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland  specific business company in Dubai, and across the UAE. Can foreign nationals register a company in Dubai? Yes, foreign nationals can easily register a business in Dubai. Professional assistance is necessary for aspects like licensing, visa issuance, and bank account opening, and a business setup consultant in Dubai can assist you with this. Can I start a business in Dubai or UAE without an office? Yes, Dubai/UAE  allow you to register and own businesses without the need for a physical office space. Can I secure visas for my dependents through a free zone business in the UAE? Yes, you can easily sponsor your spouse and children through a free zone business license.You are Eligible for Family Visa What are the different types of business licenses issued in UAE? The three(3) most prominent licenses available in UAE are professional, commercial, and industrial.  Professional license: A professional license permits offering specialized services such as consultancy, accounting, legal advisory, and so on. This license is required for skilled professionals looking to set up businesses and

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

Everything you need to know about Golden Visa

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

Everything you need to know about Golden Visa All VISA Related Services: Contact Tycoon Documents, Dubai Check Eligibility Contact us What Is the UAE Golden Visa? In 2019, the United Arab Emirates launched a new visa system for long-term visa holders. This is known as a Golden visa. This Golden Visa allows foreigners to live, work and study in the United Arab Emirates. The 2019 amendment hopes to attract new foreign residents, especially to Dubai. Read on to learn about the eligibility criteria and advantages of the UAE Golden Visa. The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include: an entry visa for six months with multiple entries to proceed with residence issuance a long-term, renewable residence visa valid for 5 or 10 years the privilege of not needing a sponsor the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid the ability to sponsor their family members, including spouses and children regardless of their ages the ability to sponsor unlimited number of domestic helpers the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away. UAE Golden Visa Category   Investors Public investmentReal estate investment Entrepreneurs Owner of a registered startupApproved idea of a startupFounder of a startup that was sold outside or inside the UAE Exceptional talents Culture & ArtInventors & InnovatorsSportsDigital technology Scientists & Professionals ScientistsChief Executives & Senior OfficialsScience ProfessionalsEngineering ProfessionalsHealth ProfessionalsEducation ProfessionalsBusiness and Administration ProfessionalsInformation Technology ProfessionalsLegal, Social, and Cultural Professionals Outstanding Students & Graduates Best performing secondary school studentsBest graduates from UAE universitiesGraduates of the best 100 universities worldwide Humanitarian Pioneers Renowned members of international and regional organizations and associations of public benefitRecipients of awards in humanitarian fieldsVolunteers and sponsors of humanitarian efforts Frontline Heroes Frontline workers that show extraordinary efforts in crises, such as pandemics Advantages of Having a UAE Golden Visa You can work, reside, travel, and invest in the UAE You will hold a long-term renewable visa valid for 10 years You can sponsor yourself and your family members regardless of their ages You can sponsor unlimited number of domestic helpers You will be allowed for multiple entries followed by the issuance of residency permits You can stay outside of the UAE for any duration without having to nullify your Golden Visa. Allows your family to stay within the UAE until the end of the duration of the Golden Visa even in the event of the primary visa holder’s death. All foreign nationals holding a Golden Visa and having driving license from their home country can now take driver’s test without extra lessons Additionally, if the Golden Visa holders have a license from one of 32 approved countries, including the US, UK, Australia, Italy, Saudi Arabia, South Africa, Spain, New Zealand, Qatar, Kuwait, and Ireland, they will automatically be eligible for a UAE driver’s license You can have 100% ownership of any business started and operated in the UAE. All Golden Visa holders will be gifted the coveted Esaad Privilege Card for FREE Golden visa requirements Investors in public investments If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the: submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, or submission of a valid commercial licence or industrial licence and a memorandum of association stating that the investor’s capital is not less than AED two million submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually.   Additionally, you must: own the invested capital completely; it must not be a loan and provide proof of medical insurance for himself and his family (if any). Real estate investors If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the: provision of a letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams purchase of a property with a loan from specific local banks approved by the competent local entity. Entrepreneurs If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following: an auditor in the UAE stating that the project value is not less than 500,000 dirhams the authorities in the emirate stating that the project is of a technical or future nature an accredited business incubator in the UAE to establish the proposed activity in the country Outstanding specialised talents Outstanding specialised talents include: doctors scientists creative people of culture and art inventors executives specialists in scientific fields athletes doctoral degree holders and specialists in the fields of engineering and science.   Subjects relating to engineering and science include: epidemiology and viruses artificial intelligence big data computer engineering electronic engineering software engineering electrical engineering genetics and biotechnology engineering.   If you have an outstanding specialised talent, you may get a Golden visa for 10 years after meeting the requirements mentioned below for each category: Doctors and scientists an approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors) a letter of recommendation from Emirates Council of Scientists or a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists).   Inventors

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