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2024 Guide : How to Start a Business in Sharjah

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Business Setup in Sharjah #BeABusinessTycoon Apply Online Contact us How to Start an Business in Sharjah ?,  Here’s Your Guide     Business Setup in Sharjah offers a diverse range of choices for investors seeking to establish themselves in the Emirate, including licensing authorities and free zones.From adaptable alternatives for first-time start-ups to more intricate frameworks for larger enterprises, Sharjah accommodates to all desires and ambitions. Sharjah is located only 20 minutes from Dubai, and well-connected by public transport. Sharjah has its own international airport as well as three seaports, and in addition hosts a third of all manufacturing activity in the United Arab Emirates.   What are the Types of Business Entities in Sharjah? Sharjah is one of the tax haven emirates of the UAE and business setup in Sharjah mainland or freezone is beneficial for foreigners. The type of business entities in Sharjah include: Limited Liability Company: This type of business requires partners not more than 50, but less than 2. It is the most common type among investors as the liability of the partner is limited to the investment in the company Partnership Company: This includes partnering between 2 or more individuals, where liability is limited to the extent of their shares to the company’s liabilities. Local Service Agent: This type of company is generally managed by a single person. And if the individual does not have a UAE or GCC national, then it must be backed by a local sponsor, who is a UAE national. Public/Private Shareholding Company: A public shareholding company has the feature where the share capital is equally divided into tradable shares. A private shareholding company is subject to rules of public joint stock companies. 3 Types of Business Jurisdictions in UAE In the United Arab Emirates, a company can be set up in three jurisdictions: Freezone, Mainland, and Offshore. The companies established in these jurisdictions are supposed to comply with the predetermined set of rules and regulations. Mainland Freezone offshore Mainland companies are licensed by the Department of Economic Development (DED) of the respective emirate. They can operate both within and outside the UAE. Local Market Access: Mainland companies can do business anywhere in the UAE, including the local market. Office Location: Flexibility to open an office anywhere in the UAE. Business Activities: No restrictions on the types of business activities. Government Contracts: Eligibility to bid for government projects and contracts. Local Sponsorship : Not Mandatory for all Business Freezone companies are established in designated areas that offer specific economic benefits. Full Ownership: 100% foreign ownership is allowed. Tax Benefits: Often enjoy tax exemptions, such as no personal or corporate income taxes. Repatriation: 100% repatriation of capital and profits. Simplified Procedures: Easier and faster company setup procedures. Customs Duty Benefits: Exemption from import and export duties within the freezone. Specific Activities: Some freezones are specialized and restrict the type of business activities. Offshore companies are set up for international business operations outside the UAE. Full Ownership: 100% foreign ownership is allowed. Privacy: High level of confidentiality and privacy. Tax Benefits: No taxes on income earned outside the UAE. Cost-Effective: Lower setup and operating costs. No Physical Presence: Cannot have a physical office in the UAE or conduct business within the UAE. Restrictions: Limited to international business activities, primarily for holding, asset protection, and international trading. List of Free Zones in Sharjah Dubai has Most Freezones in UAE,For Freezones in Dubai click here. FREEZONE Sharjah Publishing City Hamriyah Free Zone Sharjah Media City – Shams Sharjah Airport International Free Zone The Sharjah Research, Technology, and Innovation Park Sharjah Oasis for Technology and Innovation (SOTI) Sharjah Healthcare City 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  UAE. Can foreign nationals register a company in UAE ? Yes, foreign nationals can easily register a business in UAE. 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 deliver services based on their intellectual or artistic capability. Commercial license: A commercial license is granted for businesses involved in trading activities and is required to legally conduct activities such as import and export of goods within and outside the UAE.  Industrial license: An industrial license is needed for businesses conducting activities such as manufacturing, packaging, segregation, etc. What documents are required to start a free zone business in UAE? The following documents are required from the shareholder(s) and manager(s) for free zone company formation : Passport copy Latest UAE entry stamp/visit visa copy Residence visa copy and Emirates ID (for UAE residents) Address proof Passport-size photo Please note that in addition to these, you may be required to submit additional documents. Consulting with a Tycoon business setup company will help you gain more information in this regard. Business Setup Corporate PRO VISA Services Business Consulting Attestation Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! 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Everything you need to know about Dubai,UAE family visas

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Everything you need to know about family visas All VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Residence visa for family members  Employers and employees holding valid UAE residence visas are permitted to sponsor residence visas for their family members. In contrast to previous regulations, employees are now able to sponsor their families irrespective of their job titles, provided they receive a minimum salary of AED 4,000 or AED 3,000 along with accommodation. It is mandatory for all individuals aged 18 and above to pass a medical fitness examination. Frequently Asked Questions Sponsorship requirements Expatriate residents in the UAE are eligible to sponsor their families for residency if they possess a valid residence permit/visa. The sponsor must meet the minimum salary requirement of AED 4,000 or AED 3,000 plus accommodation. Family members over the age of 18 must undergo and pass medical fitness tests at approved health centers in the UAE. A mother can sponsor her children in special cases approved by the ICP. The sponsor has 60 days to apply for dependents’ residence visas after their entry into the UAE. Parents can also be sponsored by residents, with the residence visa being granted annually regardless of the sponsor’s visa duration. The profession of the expatriate worker is no longer a condition for family visa sponsorship. Individuals deemed medically unfit will not be granted a residence visa. Residents with dormant or inactive pulmonary tuberculosis are considered medically fit and can receive a one-year ‘Health Fitness Certificate for Residence’ upon treatment and follow-up by the health authority. These conditions are subject to change, so it is advisable to verify with the Federal Authority for Identity and Citizenship (ICP) or GDRFA. Sponsoring your wife To sponsor the wife, the expatriate resident must prove an existing marital relationship by submitting an attested marriage certificate in Arabic or duly translated into Arabic by a certified translator.   Sponsoring two wives In strict cases, a Muslim resident may be allowed to sponsor his two wives, if he meets certain terms and conditions set by ICP. Sponsoring daughters An expatriate resident can sponsor his daughter/s only if she/they is/are unmarried, with no restrictions with regard to her/their age/s. Sponsoring sons A male or female resident can sponsor his/her son/s until he is 25. Sons of determination (those with special needs) can be sponsored with no restrictions with regard to his/ their age/s. Sponsoring newborns For babies born in the UAE, a residence visa must be applied for, within 120 days of its birth to avoid getting fines.  Sponsoring stepchildren An expatriate resident can sponsor his stepchildren, subject to GDRFA’s conditions which include a deposit for each child and a written no-objection certificate from the biological parent. Their residence visas are valid for one year; renewable annually. Sponsoring Parents An expatriate employee can sponsor his parents for a year’s stay by paying a deposit as a guarantee for each parent as stipulated by the respective immigration department.   An expatriate employee cannot sponsor only one of his parents. He needs to sponsor both parents together. He also needs to provide proof that he is their sole support and that there is no one to take care of them back home.   If one of the parents has passed away or if the parents are divorced, related official documents would be needed as justification to sponsor only one of the parents.    To sponsor parents, the employed expatriate resident must earn the minimum salary stipulated and obtain a medical insurance policy for parents with the minimum coverage stipulated for each, to be renewed each year. Documents required to sponsor wife and children include: application form – either online or through a registered typing office passport copies of the wife and children photos of the wife and children medical clearance certificate of the wife and children above 18 years copy of the husband’s employment contract or company contract salary certificate from the employer stating the husband’s monthly salary attested marriage certificate registered tenancy contract.   Cancellation The family’s residence permits are linked to the residence permit of the sponsoring family member . If the sponsoring family member’s visa is cancelled, it requires cancellation of the visas of the dependents.   Dependents are granted a 6-month grace period from the date of expiry or cancellation of their visas to obtain a new residence permit. If the sponsor fails to renew or cancel the visa of his dependents, he could be liable to pay a fine. Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

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Setup Your IT business in Dubai : Updated

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IT Business Setup in Dubai Start an IT Business in Dubai  : 2024 Guide Apply Online Contact us How to Start an IT Business in Dubai? Here’s Your 2024 Guide  It’s natural to think of opening an Artificial Intelligence, Digital Marketing , IT or software company in Dubai in 2024 when everyone is talking about ChatGPT, the new kid on the AI block.  How to start an IT company in Dubai or a software business? There’s a whole host of reasons why so many business-oriented people from the world over are searching for answers to this question. 100% business ownership, liberal taxes, business-friendly policies, ease of doing business, advanced infrastructure, world-class economic zones, access to global talent, e-government system, tons of business opportunities, tourism-friendliness, diverse expat population and the whole nine yards, what else one needs to set up an IT business! So, let’s cut to the chase and learn the ropes.  Most-Preferred Free Zone to Start a Business in Dubai  The quick surge in the growth of UAE’s banking, IT, logistics, commerce, and media industries, among others all across the Emirates, is pretty visible. Thanks to the free zones that have presented a magnificent framework for luring marketing, trade, and investment prospects. At the moment, the country’s expanding private sector is mostly defined by its free zones. Dubai alone boasts more than 30 top-class free zones, comprising 30% of Middle East free zones. And Dubai Internet City (DIC) tops the list when it comes to setting up an IT company in Dubai.  Dubai Internet City  From a mixed bag of commercial spaces to multiple retail options to business setup support, DIC is a treasure chest of all the good things that a business might need to establish and thrive. “Innovation is a group endeavour, not the result of a formula. Participate to advance,” says Dubai Internet City, a tech community housing brilliant minds and businesses, such as Cisco, LinkedIn, Schlumberger, Microsoft, Oracle, Facebook, IBM, Dell, HP, Canon, Siemens, Sony Ericsson and Logica, collaborating to etch their names in history. Infamous as the region’s hub for innovation & technology #WhereMindsClick, DIC, without a doubt, is the best pick for an IT business setup in Dubai for a variety of reasons including:  Home to Fortune 500 companies  50-year tax holiday  foreign ownership overall  Total profit repatriation  Metro Ethernet environment access to top-notch personnel  Exceptional communications infrastructure decked up with 5-star hotels, restaurants, a business centre, a fitness centre, medical security and much more  Strategically located to facilitate logistics functions  Posh areas such as Dubai Marina, JLT, Barsha Heights, JBR and Umm Suqeim are in the vicinity  A range of commercial spaces, facilities, business services and more  A wide range of amenities and facilities to support the growth of technology businesses, including high-speed internet connectivity, business-friendly regulations, and a supportive community of like-minded technology professionals  Bustling with hundreds of IT services companies – Hewlett-Packard MENA FZ-LLC, Hitachi Data Systems Limited, Dell FZ-LLC, Deloitte Technology Consulting Middle East FZ-LLC, IBM Middle East FZ-LLC, Lenovo Global Technology Middle East and Africa FZ-LLC, Aces Solutions FZ-LLC, to name some of the top ones  Affordable commercial and residential space leasing options  Complete with comprehensive infrastructure for companies operating in the technology, media, and telecommunications industries  An array of facilities and services  A spectrum of educational and training programs such as workshops, and networking events to help professionals in the technology industry stay up-to-date with the latest developments in their field.  Overall, DIC is a key player in Dubai’s efforts to establish itself as a global hub for technology, innovation, and entrepreneurship. With its world-class infrastructure and supportive community, DIC provides a thriving environment for technology businesses to grow and succeed.  Dubai International Financial Centre  Best for FinTech,AI and Data Scienece Companies   Dubai Silicon Oasis Dubai Outsource City Most Freezones Support, IT/ITES Businesses  Click to View List of Freezones in Dubai       9 Steps to Start an IT Company in Dubai    Conduct market research Conduct market research: Research the market to identify the demand for the type of software you want to offer, as well as your competition. This will help you understand the needs of your target customers and ensure that there is a demand for your products or services.  Choose a business structure Decide on the type of business structure you want to establish, such as a sole proprietorship, limited liability company (LLC), or free zone company. You can consult with a local lawyer or Dubai business advisor to help you determine the best option for your company.  Name and register your company: Select an appropriate trading name to register your IT business in Dubai with the respective authority. Department of Economic Development (DED) is the competent authority for mainland company registration. You will need to provide information about your business, including its name, location, and type of activity.  Obtain a license Depending on the type of software you want to offer; you may need to obtain a license from the Dubai Creative Clusters Authority (DCCA) or the Dubai Silicon Oasis Authority (DSOA). Get necessary permits and visas Obtain any necessary permits and visas for your employees, including work visas, residency visas, and trade licenses.  Set up your office: Choose a suitable location for your office and set up your physical infrastructure, such as computers, telecommunication systems, and software. Hire employees: Recruit employees, including software developers, designers, and support staff, as needed.  Establish your brand: Develop a brand for your company and create a marketing strategy to promote your software products or services. Launch your software or IT products Pitch your software products or services and start generating revenue.  It’s important to note that the process of starting a software company in Dubai may vary depending on your specific business and circumstances. It is recommended to seek professional advice from a reputed local business consultant or one of the best corporate service providers in Dubai like Tycoon Documents to ensure you are following the procedure in line with the UAE regulations . Documents Required for Software Company Setup in Dubai Mainland  To set up a software company in Dubai, you will need the following documents:  Business plan: This outlines the purpose and goals of your software company,

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UAE declares new 10-year Blue visa

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

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

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

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

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

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New advantages for Dubai residents with Nol cards

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

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