Abu Dhabi

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Top In-Demand Service Sector Activities in the UAE: Opportunities for Growth and Investment

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

Top In-Demand Service Sector Activities in the UAE All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The most in-demand activities in the UAE’s service sector span across various industries, catering to both public and business needs. Here’s a breakdown of the key service sectors and their popular activities: 1. Services for the Public Popular Activities: Cleaning services, laundry, interior designers, beauty salons, repair workshops, car services. 2. Services for Business Popular Activities: Translation services, bookkeeping, secretarial work, data and call center services. 3. Medicine and Healthcare Popular Activities: Medical centers, private hospitals, clinics, labs, and pharmaceutical consulting. 4. Sports and Education Popular Activities: Preschools, schools, universities, courses, training centers, sports clubs. 5. Catering and Agriculture Popular Activities: Restaurants, cafes, fast food outlets, farms, crop production, catering services. 6. Recreation and Entertainment Popular Activities: Event organizing, art galleries, entertainment centers, water parks, circuses. 7. Transport and Logistics Popular Activities: Courier services, car sharing, limousine rentals, yacht rentals, storage and packaging. 8. Management and Consulting Popular Activities: Management consulting, tax advisory, personnel consulting, project management. 9. Information Technology Popular Activities: Information security, network setup, office equipment maintenance, software development. These sectors present numerous opportunities for investment and growth in the UAE’s evolving economy. Business Setup Corporate PRO VISA Services Business Consulting Attestation 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
downtown, dubai, uae

UAE Investor Visa Benefits: Explained

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UAE Investor Visa Benefits: Explained All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The United Arab Emirates (UAE) offers an investor visa program to attract foreign capital and talent. This visa allows investors to live, work, and run businesses in the UAE, especially in cities like Dubai. Those holding a UAE investor visa enjoy benefits such as residency, family sponsorship, and access to world-class facilities. The visa can last from two to ten years, depending on the investment type. This flexibility helps investors choose a duration that suits their business goals. The visa also allows them to build a strong presence in the UAE’s vibrant business environment. To get an investor visa, applicants need to make a significant financial investment, either through business ownership or real estate. While the requirements and costs may differ, the benefits make it an appealing option for those looking to invest in the UAE’s fast-growing economy. Eligibility Criteria for a UAE Investor Visa To qualify for a UAE investor visa, applicants must meet certain financial and business requirements. They must show ownership or partnership in UAE-based businesses. Financial Requirements For the Golden Visa, a minimum real estate investment of AED 2 million is required, which can include multiple properties. For the 5-year visa, investors must either have a steady income of AED 15,000 per month or a fixed deposit of AED 1 million for three years. The Green Visa for investors needs approval based on the UAE’s investor rating system. Business Ownership or Partnership Investors must show involvement in commercial activities in the UAE. For the Green Visa, proof of investment is required. The specific type of business and the scale of involvement may affect eligibility. Business owners or partners may also qualify for the Golden Visa, depending on their business ownership or investment amount. Economic Benefits of a UAE Investor Visa The UAE investor visa provides several economic advantages, offering access to growing markets and incentives for business owners. Access to GCC Markets Holders of the UAE investor visa can easily travel within the Gulf Cooperation Council (GCC) countries, including Saudi Arabia, Kuwait, Bahrain, Qatar, and Oman. This ease of travel helps investors tap into regional trade and partnerships. Business Incentives Visa holders benefit from the UAE’s tax-free environment, with no personal income tax or corporate tax in most sectors. Companies can repatriate all profits and capital, and the UAE offers excellent infrastructure, making it easier to set up and grow a business. Residency and Legal Benefits Long-term Residency Options The Green Visa allows investors to stay for up to five years, while the Golden Visa offers a renewable 10-year residency. These options provide stability, allowing investors to plan long-term in the UAE. Family Sponsorship Investor visa holders can sponsor their family members, including spouses, children, and parents. The age limit for male children has been increased to 25 years, and female children can be sponsored indefinitely if they are unmarried. Property Investment Opportunities Investors can invest in residential, commercial, or industrial properties across the UAE. Dubai’s property market continues to grow, making it an attractive option for real estate investors. Legal Protection for Investors The UAE offers strong legal protections for property buyers. The Real Estate Regulatory Agency (RERA) ensures fair property transactions, and the Escrow Account Law safeguards off-plan buyers by ensuring funds are used for project completion. Lifestyle and Social Perks Investor visa holders enjoy a high quality of life in the UAE, with safe neighborhoods, modern infrastructure, and excellent healthcare. The country also offers top schools and universities, as well as a variety of leisure activities. Access to World-Class Facilities Visa holders have access to cutting-edge business centers, research institutions, and cultural facilities. The UAE’s strategic location and strong transport links make it easy to travel for both business and leisure. Tax Benefits for Investors The UAE is attractive for investors due to its favorable tax policies. There is no personal income tax, and the corporate tax rate is competitive at 9% for businesses earning over AED 375,000 annually. Many free zones offer additional tax breaks and full foreign ownership of businesses. Procedure and Documentation for a UAE Investor Visa The process of getting an investor visa involves selecting the right investment option, such as property or business investment. Applicants must submit documents like proof of investment, passport, bank statements, and medical fitness certificates. Visa fees vary, with a partner visa in Dubai costing around AED 4,000. Visa Renewal and Cancellation Renewing a UAE investor visa requires proof of ongoing investment or business ownership. Visas can be cancelled if investments are sold or businesses are closed, or if there are legal violations. Why Choose Tycoon Documents? Tycoon Documents helps investors navigate the UAE’s visa process smoothly. We offer expert advice on choosing the best investment options and assist with all legal documentation and business setup. This makes the process easy and stress-free, allowing you to focus on growing your investments. Business Setup Corporate PRO VISA Services Business Consulting Attestation 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
Crypto Business Setup in Dubai

Cryptocurrency: A Simple Guide for Starting a Crypto Business in Dubai

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Cryptocurrency: A Simple Guide for Starting a Crypto Business in Dubai All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us What is Cryptocurrency? Cryptocurrency is a type of digital or virtual currency that uses cryptography to secure transactions. Unlike traditional money issued by governments, cryptocurrency operates independently and is based on blockchain technology. Key Activities with a Cryptocurrency License in Dubai Activity Description Cryptocurrency Exchange Setting up platforms for buying, selling, and trading cryptocurrencies securely. Wallet Services Offering digital wallets for secure storage of cryptocurrencies. Initial Coin Offerings (ICOs) Issuing tokens to raise funds for projects in a regulated framework. Global Expansion Operate in Dubai with the potential to expand globally. Investment Opportunities Dubai’s crypto-friendly environment provides numerous chances for investments in digital assets. Requirements for a Crypto License in Dubai Requirement Details Legal Entity Must be a registered company in the UAE. Minimum Capital Specific capital requirements depending on the chosen license type. Compliance Adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Office Physical office presence in the UAE is required. Qualified Management Management team must have experience in the cryptocurrency industry. Documentation Business plan, financial records, and incorporation papers are needed. Security Measures Robust cybersecurity systems must be in place to protect customer data and assets. Steps to Get a Cryptocurrency License in Dubai Step Description 1. Business Setup Create a legal entity like an LLC or Free Zone Company. 2. Choose License Type Select whether to provide exchange services, wallet services, or ICOs. 3. Capital Requirements Ensure you meet the minimum capital needs based on the license type. 4. Regulatory Compliance Implement AML and KYC procedures. 5. Office Space Secure a physical office in Dubai. 6. Management Expertise Hire a management team with crypto experience. 7. Documentation Prepare necessary documents like a business plan and financial statements. 8. Cybersecurity Measures Install cybersecurity measures to protect users. 9. License Application Submit the application to the relevant authorities. 10. Approval & Launch Upon approval, start your crypto business in Dubai. Considerations When Starting a Crypto Company in Dubai Regulatory Compliance: Make sure to comply with the Virtual Assets Regulatory Authority (VARA). DIFC Requirements: If establishing in the Dubai International Financial Centre (DIFC), have at least 5 years of legal experience in another country. Exclusive Licensing from DMCC: Dubai Multi Commodities Centre (DMCC) offers a unique crypto license. Consult with experts for a smooth setup. Consultancy Businesses: You can also start a cryptocurrency consultancy firm, providing advice to crypto businesses. Cost of a Crypto License in Dubai License Type Approximate Cost* DMCC Crypto License AED 44,500 + AED 4,200 for visa fees General Crypto License AED 30,000 to AED 50,000 Where to Get a Cryptocurrency License in Dubai Authority Details Dubai Multi Commodities Centre DMCC is known for facilitating crypto trading and licensing. Dubai Financial Services Authority DFSA regulates and grants licenses within the DIFC. Department of Economic Development Operates outside free zones and offers licenses for crypto businesses. Dubai Silicon Oasis Authority Another option for crypto business setup in the Dubai Silicon Oasis free zone. Benefits of Starting a Cryptocurrency Business in Dubai Global Hub: Dubai’s strategic location connects you to international markets. Business-Friendly Environment: Minimal bureaucracy and low taxes. Thriving Economy: A strong economy ensures a stable market. Innovation Ecosystem: A vibrant tech scene promoting blockchain and crypto innovation. Regulatory Support: Clear and supportive regulations build trust in the market. Tax Benefits: Dubai offers tax exemptions, making it financially attractive. How Tycoon Documents Can Help You Expert Guidance: Our team provides insights on UAE regulations and crypto industry trends. License Procurement: We streamline the process of obtaining a crypto license. Market Insights: Get the latest market updates for informed business decisions. Compliance Assistance: Ensure your business meets AML and KYC standards. Fast Setup: We help you establish your crypto business quickly and efficiently. To Get Custom Quote for your Requirement Contact Tycoon ! Business Setup Corporate PRO VISA Services Business Consulting Attestation Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah
pro services dubai

What Are PRO Services in UAE?

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What Are PRO Services in UAE? All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us PRO Services in Dubai, UAE (Public Relations Officer) PRO services help businesses and individuals in Dubai manage important government processes and paperwork. This includes tasks like visa processing, company registration, labor contracts, and immigration procedures. Book a Free Consultation What Are PRO Services in UAE? In the UAE, a Public Relations Officer (PRO) handles all the legal paperwork needed to start and run a business. They assist with: License renewals Visa processing Labor contracts Immigration requirements They work closely with the Department of Economic Development (DED) to ensure everything is done smoothly. Task Handled By PRO Visa processing Yes Company registration Yes Labor contract Yes Immigration procedures Yes Types of Trade Licenses Commercial Trade LicenseFor businesses involved in trading goods and services. Industrial Trade LicenseFor businesses involved in manufacturing, assembling, or processing products. Professional Trade LicenseFor specialists like consultants, artisans, or repair services. Foreign investors can own 100% of the business under this license. License Type Who Needs It Commercial License Traders of goods and services Industrial License Manufacturing and assembling businesses Professional License Specialists (consultants, artisans, etc.) Corporate PRO Services in UAE Corporate PRO services help businesses with tasks like: Employee visa processing Labor card management Visa renewals and cancellations License renewals Obtaining No Objection Certificates (NOCs) These services ensure smooth business operations without paperwork hassle. Service Purpose Employee visa Legalize workforce License renewals Keep business legally compliant NOC (No Objection Cert.) Required for business transactions Why Companies Need PRO Services in Dubai PRO services make it easier to start and run a business in Dubai. They ensure that all legal requirements are met, and your business can operate smoothly without delays. Benefits of PRO Services: Streamlined business setup Expert handling of legal paperwork Hassle-free visa and license processing Why Choose Our PRO Services? Our team of skilled PROs helps you: Navigate complex rules and regulations Ensure smooth company formation Avoid delays or penalties We are recognized as a leading PRO service provider in Dubai. Advantages Details Streamlined Setup We handle all the legal processes Expert Support Our team has vast experience in PRO services No Delays or Penalties Your documents are delivered on time to authorities Personalized PRO Services We offer a variety of services tailored to your business needs: Approvals from government agencies Trade name approval Drafting and notarizing contracts Visa processing and renewals Our goal is to make sure your business operates smoothly, handling all legal paperwork for you. Service Details Government approvals Securing necessary permits and licenses Visa processing Handling employee and family visas Document attestation Certifying important business documents Why Business Investors Need PRO Services in Dubai Legal and Government RequirementsBusinesses must comply with local laws, registration, licensing, and permit renewals. Our PRO services ensure that everything is in order. Immigration and Labor DepartmentWe help businesses with labor approvals, visas, and labor contracts. Maintaining Government RelationshipsWe act as your representative to keep good relationships with local government offices. Area Our Support Legal requirements Business licensing, permit renewals Labor and immigration Labor approvals, visas, labor cards Government relationships Liaising with authorities for smooth operation Cost of PRO Services in Dubai The cost of PRO services varies depending on the provider and the services needed. It’s important to compare both price and quality before choosing a PRO service provider. Factor Importance Price Compare rates across different service providers Quality Ensure the provider meets your business needs Book a Free Consultation to learn more about our PRO services. Business Setup Corporate PRO VISA Services Business Consulting Attestation Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah
Business consulting

TOP business setup consultants in Dubai and in UAE

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Top business setup consultants in UAE All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us 1. Virtuzone Specialization: Business setup services in the UAE, offshore company formation, PRO services, visa services. Website: www.vz.ae 2. A&A Associates Specialization: Business consultancy, audit and accounting services, VAT compliance, and company formation. Website: www.aaconsultancy.ae 3. Creative Zone Specialization: Business setup, company formation, free zone, mainland, offshore services, and business consulting. Website: www.creativezone.ae 4. Shuraa Business Setup Specialization: Business setup in mainland, free zone, offshore companies, legal structuring, and corporate services. Website: www.shuraa.com 5. Kiltons Business Setup Services Specialization: Company formation, accounting services, PRO services, and business consultation. Website: www.kiltons.com 6. Tycoon Documents Specialization: Business setup services in Dubai, PRO services, visa processing,Freezone business setup,Golden visa,Blue visa,Family Visa,Employee Visa and attestation services. Website: www.tycoondocuments.com 7. Commitbiz Specialization: Company formation in mainland, free zone, offshore, accounting, bookkeeping, and VAT services. Website: www.commitbiz.com 8. Flyingcolour Business Setup Services Specialization: Business setup, company formation, accounting, and tax services in Dubai and across the UAE. Website: www.flyingcolour.net 9. Business Link UAE Specialization: Business setup in mainland, free zone, offshore companies, and legal documentation services. Website: www.businesslinkuae.com 10. Jitendra Business Consultants Specialization: Company formation in free zones, mainland, offshore, accounting, auditing, and VAT services. Website: www.jbconsultants.ae 11. Make My Firm Specialization: Business setup services, visa assistance, legal document drafting, and corporate sponsorship. Website: www.makemyfirm.com 12. Adam Global Specialization: Business setup services, corporate advisory, legal services, and intellectual property. Website: www.adamglobal.com 13. Dubai Business Advisors Specialization: Business setup services in the mainland, free zone, and offshore, corporate governance, and business licensing. Website: www.dubaibusinessadvisors.com These companies offer a variety of services to help individuals and businesses navigate the complexities of starting and managing a business in the UAE. From company formation to legal and PRO services, they provide comprehensive support. Business Setup Corporate PRO VISA Services Business Consulting Attestation 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
iso

How to Get ISO Certification in Dubai

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

How to Get ISO Certification in Dubai All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us ISO certification is a globally recognized standard that shows a business meets specific quality requirements. It benefits both small and large organizations by improving quality control, efficiency, and trust. In Dubai, ISO certification not only builds a company’s reputation among customers, clients, and partners, but it also enhances operations, reduces costs, increases customer satisfaction, and opens doors to new business opportunities. It signifies that a business follows international standards for quality, safety, and best practices. At Tycoon Documents, we have in-depth knowledge of the steps needed to obtain ISO certification. We help businesses and entrepreneurs from around the world achieve this certification, reflecting our commitment to setting high business standards in the UAE. We can assist you in your journey to success by guiding you through the ISO certification process. Types of ISO Certification in Dubai ISO certification can streamline business operations, reduce risks, and promote sustainability. It ensures businesses follow health, safety, and environmental regulations while also improving product and service quality. Here are some key ISO certifications: ISO 9001 Certification: Helps businesses build a strong quality management system to ensure product and service excellence. ISO 14001 Certification: Focuses on environmental management, helping businesses reduce environmental impact. ISO 45001 Certification: Ensures a safe workplace by establishing health and safety management systems to reduce risks and protect employees. ISO 13485 Certification: Applies to medical devices, ensuring quality management from design to production. ISO 22000 Certification: Focuses on food safety, ensuring that businesses in the food industry meet the highest safety standards. ISO 37001 Certification: Helps prevent bribery by promoting transparency and implementing effective monitoring systems. ISO 22301 Certification: Supports business continuity management, helping organizations stay operational during risks or disasters. ISO 50001 Certification: Focuses on energy management, ensuring efficient use of energy in business operations. How to Get ISO Certification in Dubai The ISO certification process in Dubai involves several steps: Identify the Applicable Standard: Determine which ISO standard applies to your business (e.g., ISO 9001 for quality management, ISO 14001 for environmental management). Gap Analysis: Review your current processes to see where improvements are needed to meet ISO standards. Create a Quality Management System (QMS): Document and implement processes that meet ISO requirements. Training and Awareness: Ensure all employees understand the ISO requirements and are trained to follow them. Internal Audit: Conduct an internal review to check compliance and identify areas for improvement. Management Review: Senior management should review the system to ensure it aligns with business goals. Certification Body Selection: Choose a recognized certification body to conduct the ISO audit. Certification Audit: The chosen body will audit your business to verify compliance with the ISO standard. Corrective Actions: Address any issues found during the audit. Certification Decision: After the audit and corrections, your business will receive the ISO certification. Surveillance Audits: Regular follow-up audits ensure continued compliance. By following these steps, businesses can successfully achieve ISO certification in Dubai, demonstrating their commitment to quality and continuous improvement. Conclusion Tycoon Documents is dedicated to helping businesses in Dubai with all aspects of setup and growth. From establishing companies in Mainland, Freezone, and Offshore locations to providing virtual office services, we offer complete solutions to meet your business needs. Let us be your trusted partner as you navigate the dynamic business environment of Dubai. Business Setup Corporate PRO VISA Services Business Consulting Attestation 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
visa

UAE Visa Renewal Rules 2024

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

UAE Visa Renewal Rules 2024 All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us   UAE Visa Renewal Rules 2024 The UAE offers various visa options for different individuals and professions. Each year, the government updates visa rules, which are essential for businessmen, professionals, and immigrants to understand. These updates may be based on security concerns, political changes, public policy objectives, international relations, technological advancements, legal regulations, or public opinions. Many travelers often extend their stay in the UAE after their visa expires, leading to potential issues with future visa applications. If you have previously overstayed, it may result in the rejection of your Dubai visa application. Therefore, it is crucial to be aware of the latest renewal changes. Below, you’ll find the current UAE visa renewal rules, including the documents required for each type of visa. Documents Required for Dubai Visa Renewal 1. Green Residence (High-Level Skilled Worker) Documents: Passport copy (valid for at least 6 months) Permit from the Ministry of Human Resources and Emiratisation Employment contract (for governmental, semi-governmental, or free zone facilities) 2. Green Residence (Self-Employment) Documents: Passport copy (valid for at least 6 months) Free work permit from the Ministry of Human Resources and Emiratisation 3. Residence Permit for GCC Family Members Documents: Recent colored photo (white background) Passport copy Medical examination (for those over 18 years old) 4. Student Residence Permit Documents: Recent personal photo (white background) Passport copy Approved medical assessment 5. Residence Permit for Government and Semi-Government Sectors Documents: Passport copy Personal photo (white background) Approved medical examination (for individuals over 18 years old) 6. Residence Permit for Private Sector Documents: Passport copy Personal photo (white background) Approved medical examination (for individuals over 18 years old) 7. Green Residence Permit (Partner Investor) Documents: Personal photo (white background) Passport copy Approved medical examination (for individuals over 18 years old) ID receipt Health insurance 8. Residence Renewal for Family Members of Foreign Residents Documents: Recent personal photo (white background) Passport copy Approved medical examination (for individuals over 18 years old) 9. Virtual Work Residence Permit Renewal Documents: Colored personal photo Passport copy Health insurance copy Medical fitness test result Proof of remote work outside the UAE Salary certificate ($3,500 or equivalent) ID receipt 10. Residence Permit for Property Owners Documents: Passport copy Recent personal photo (white background) Real estate ownership certificate Proof of monthly salary (at least 15,000 AED or equivalent) 11. Residence Permit for Retired Foreigners Documents: Passport copy Property ownership certificate or valuation Personal photo (if applicable) Certificate of financial deposit (if applicable) Bank statement or income letter (if applicable) 12. Golden Residence Permit Renewal (Entrepreneurs) Documents: Passport copy Nomination letter from the Dubai Future Authority 13. Golden Residence Permit Renewal (Talent) Documents: Passport copy Relevant nomination letter from appropriate authorities (e.g., Dubai Culture Authority, Ministry of Economy, etc.) 14. Golden Residence Permit Renewal (Top Students and Graduates) Documents: Passport copy Relevant academic certificates Residence permit copy 15. Golden Residence Permit Renewal (Humanitarian Pioneers) Documents: Passport copy Recommendation from the Ministry of Community Development University qualification Residence permit copy 16. Golden Residence Permit Renewal (First Line of Defense) Documents: Passport copy Recommendation from the relevant government agency Residence permit copy How to Renew a UAE Visit Visa Without Exit Tourists can stay in the UAE for 30 days and extend their visa twice for 30 days each. To extend your visa, contact the travel company that processed your original visa or apply online through the relevant UAE immigration website. Steps to Apply for Dubai Visa Renewal Online Enter the passport or travel document details used for the visa application. Select the Unified number. Provide your passport number or document number. Choose your Passport/Document Type. Provide your date of birth as shown on your passport. Provide your nationality as stated on your passport. Click the search button to access your visa information. Benefits of Dubai Visa Extension Stay longer in Dubai and explore more attractions. Flexibility in travel plans. Avoid costly overstay fines. Seamlessly continue work or business activities. Spend extended time with friends and family in Dubai. Dubai Visa Extension Fees Total Cost: 1,100 AED (includes 100 AED request fee) How to Check an Overstay Fine in UAE If you overstay your visa, fines will be charged as follows: Overstay Fee: 50 AED per day. Additional 100 AED charged at the border crossing when leaving. To Check Overstay Fines Online: GDRFA Website: Log in and select the appropriate file format. Provide the requested information. Complete the captcha verification. Submit to view fine details. ICP Website: Visit the official ICP website. Choose ‘Public Services.’ Complete the required information. Check captcha and click ‘Search’ to view fine details. Staying informed about these regulations will help ensure a smooth visa renewal process in the UAE. Tycoon Documents Will help you to Renew  Your Visa,Contact Us Business Setup Corporate PRO VISA Services Business Consulting Attestation 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
tax preparation concept illustration

FTA Extends Corporate Tax Filing Deadline for Certain Businesses in UAE

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

FTA Extends Corporate Tax Filing Deadline for Certain Businesses All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us The Federal Tax Authority (FTA) has announced an extension for corporate tax return filing and payment deadlines for specific businesses. Companies that were established on or after June 1, 2023, and whose tax periods end on or before February 29, 2024, now have until December 31, 2024, to file their tax returns and pay their corporate tax. This extension is part of the FTA’s efforts to support businesses, especially those with shorter tax periods. Previously, businesses were required to file their tax returns and pay their taxes by September 30, 2024. However, under the new FTA Decision No. 7 of 2024, these businesses have been given more time to meet their obligations. Khaled Ali Al Bustani, Director General of the FTA, emphasized that this move is designed to help businesses comply with tax regulations more easily, without facing unnecessary pressure or penalties. The FTA encourages all businesses to review the corporate tax laws and stay informed by visiting their website at www.tax.gov.ae. About the FTA:The Federal Tax Authority was created in 2016 to help diversify the UAE’s economy by managing federal taxes. Since 2017, it has been committed to creating an electronic tax system that is simple and transparent, allowing businesses to register, file tax returns, and make payments online. 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
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
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