business formation in dubai

dubai SME

Dubai Business Setup Services for Small and Medium Enterprises (SMEs)

Dubai Business Setup Services for Small and Medium Enterprises (SMEs) All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Setting up a business in Dubai can be a lucrative venture, especially for small and medium enterprises (SMEs) looking to leverage the city’s strategic location, robust infrastructure, and investor-friendly policies. Here’s an overview of Dubai’s business setup services tailored specifically for SMEs: 1. Company Formation Types for SMEs Mainland Company: Ideal for businesses seeking flexibility to operate both locally and internationally. Mainland companies allow for the freedom to trade within Dubai and the wider UAE market without limitations. Free Zone Company: Best for SMEs that want 100% foreign ownership and are focused on international trade. Dubai offers several Free Zones like Dubai Multi Commodities Centre (DMCC), Dubai Silicon Oasis, and Jebel Ali Free Zone (JAFZA), each catering to specific industries. Offshore Company: Suitable for businesses aiming to manage assets or conduct international trade with tax benefits. Offshore companies in Dubai allow ownership flexibility and privacy. 2. Licensing Options Commercial License: For trading activities such as import-export, retail, and general trading. Professional License: Required for service-based businesses such as consulting, IT, and marketing. Industrial License: Needed for manufacturing or industrial activities, often with incentives like reduced utility costs in industrial zones. 3. Pro Services and Visa Assistance PRO Services: Professional services (PRO) are crucial for navigating regulatory requirements. They help streamline document processing, approvals, and renewals for licenses and permits. Visa Services: Most business setups come with visa eligibility, allowing SMEs to sponsor employees and even dependents. Services include business owner visas, investor visas, and employment visas. 4. Attestation and Legal Support Document Attestation: Required for various documents such as incorporation papers, legal documents, and certificates. TycoonDocuments, for example, offers reliable attestation services to ensure documents are valid and recognized. Legal Structuring and Compliance: Legal experts guide businesses in choosing the correct structure to minimize liabilities and ensure compliance with UAE laws. 5. Corporate Bank Account Setup Opening a corporate bank account is essential for managing transactions. Dubai banks offer various account packages with favorable terms for SMEs, often requiring guidance through documentation and minimum deposit requirements. 6. Office Space Solutions Virtual Office: Ideal for startups or small businesses that need an address but do not require physical space. Shared Office Spaces: Popular among SMEs looking for affordable options. These spaces offer networking opportunities and allow for flexible leasing terms. 7. Accounting and Bookkeeping Services Professional accounting services ensure compliance with UAE’s Value Added Tax (VAT) regulations and other financial requirements. Accountants can also support SMEs with financial planning and cash flow management. 8. Marketing and PR Support Setting up a business in Dubai is only the first step. Marketing and PR support tailored to SMEs can help reach a broader audience, build brand credibility, and establish an online presence through social media, SEO, and digital marketing strategies. 9. Support for Financial Planning and Investment Many setup service providers offer financial advisory services, assisting SMEs with managing cash flow, investment strategies, and tax planning. This guidance is particularly beneficial for long-term business stability. 10. Exclusive Benefits for SMEs Tax-Free Zones: Many free zones offer tax incentives, making Dubai attractive for foreign investments. Access to Regional Markets: Dubai’s strategic location provides access to GCC countries, Africa, and Asia, making it ideal for SMEs in trade and export. Networking Events: Regular business and networking events in Dubai allow SMEs to connect with industry leaders, potential clients, and partners. Choosing the Right Business Setup Partner Companies like TycoonDocuments offer comprehensive support throughout the setup process, from licensing and visa support to financial planning and marketing. Their expertise can help SMEs navigate the complex regulatory environment in Dubai and get their businesses running smoothly. Conclusion Dubai is highly supportive of SMEs, offering a wide array of services to simplify the business setup process. By understanding and utilizing these services, SMEs can launch and grow their business efficiently in this thriving economic hub. 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

Dubai
difc

Set Up Your Business in DIFC – The Ideal Location for Fintech and Financial Services

Set Up Your Business in DIFC – The Ideal Location for Fintech and Financial Services All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Dubai International Financial Centre (DIFC) DIFC, one of over 30 free zones in Dubai, is strategically positioned as a gateway between the East and West. It offers a world-class platform for businesses and financial institutions aiming to access emerging markets in the region. With its high-quality regulatory environment, English law-based framework, and favorable tax policies, DIFC is an ideal choice for companies in finance and professional services. Core Business Sectors in DIFC Sector Description Banking Home to major international banks. Professional Services Leading law firms and consultancy firms. Global Corporations Multinational companies establishing regional headquarters. Insurance Top global insurance companies. Wealth Management Investment and asset management firms. Capital Markets Providing access to various capital market services. DIFC is recommended for companies involved in banking, insurance, legal services,FinTech,AI and wealth management Key Benefits of Setting Up in DIFC Benefit Description 100% Foreign Ownership Companies can be fully owned by foreign investors. Zero Income Tax Enjoy 0% income tax, subject to regulatory compliance. Zero Corporate Tax 0% corporate tax rate for compliant companies. Double Taxation Treaties Access to UAE’s extensive network of double taxation treaties. Capital & Profit Repatriation Full freedom to repatriate profits and capital without restrictions. Independent Regulatory Agency DIFC operates under an independent regulatory body, aligned with major financial regulators globally. English Common Law Legal framework based on English Common Law, providing familiarity and stability for international businesses. Skilled Workforce Access to a skilled and diverse professional workforce in Dubai. Transparent Environment Operate in a transparent business environment with global best practices. International Stock Exchange Access to an international stock exchange for primary and secondary debt and equity listings. Flexible Legal Structures DIFC allows various legal entities with flexible capital structuring options. Modern Infrastructure Benefit from advanced transport, communication, and internet infrastructure in Dubai. Business Licenses in DIFC License Type Suitable for DIFC Innovation License Companies focusing on innovative and emerging technologies. DIFC Crowdfunding License Crowdfunding companies. DIFC Financial License Financial institutions and service providers. DIFC 3D License Companies involved in 3D printing technologies. DIFC Investment Advisor License Firms providing investment advisory services. DIFC Payment Service Provider (PSP) License Payment processing and related services. DIFC Company Formation Requirements Requirement Details Physical Presence Must have a physical office, even if it’s a flexible desk in a co-working space. Trading Restrictions Cannot trade physical products; limited to software, AI, Web3, Blockchain, and other tech solutions. Non-Regulated Status Cannot offer regulated financial services such as financial advisory or money services. Technological Solution Required to provide technological solutions (software, AI, blockchain, etc.). List of Approved Business Activities in DIFC Business Activities Computer Consultancies Data Classification & Analysis Cyber Security Consultation Technology R&D Web Designing Portal Development Public Networking Services Software House Education Technologies R&D IT Consultants Network Consultancies Internet Content Provider Electronic Chip Programming Internet Consultancy DIFC Company Registration Process Step Details Application Form Complete and submit the official DIFC application form. Business Plan Provide a detailed business plan outlining your company’s objectives, operations, and financial projections. Audited Accounts Submit audited financial accounts for the last three years (if applicable). Shareholder & Director Details Include detailed information about shareholders and directors. For financial companies, additional industry-specific documentation may be required. Company Setup Steps Step Details Initial Approval Secure initial approval from DIFC Authority for the company registration and entity name. Application Submission Submit the application, including a business plan, company structure, and proof of capital investment. Capital Requirements Private companies: No minimum share capital required. Public companies: Minimum USD 100,000. 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

Dubai
Jafza Jebel Ali Freezone

Business Setup in Dubai: The Difference Between an FZE and FZCO

Business Setup in Dubai: The Difference Between an FZE and FZCO All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us   Choosing the right legal structure is an important step when setting up a company in Dubai’s free zones. However, many foreign investors get confused between two key options: the Free Zone Establishment (FZE) and the Free Zone Company (FZCO). In most cases, business setup consultants help new investors choose the right structure. Picking the wrong one can affect your business operations. This guide will explain the differences between an FZE and an FZCO: What is a Free Zone Establishment (FZE)? An FZE is a company formed in a UAE free zone by a single owner. It offers benefits like 100% foreign ownership, tax exemptions, and easier business setup. The FZE structure is suitable for small businesses and includes the following features: Single owner Limited liability Easy to manage Wide range of business activities to choose from What is a Free Zone Company (FZCO)? An FZCO is for companies with more than one owner and offers the same benefits as an FZE, like 100% foreign ownership and tax breaks. This setup is better for larger businesses or joint ventures. Key features of an FZCO: Multiple owners (usually 2 to 5) Limited liability Access to various business activities in the free zone Key Differences Between FZE and FZCO: If you are unsure whether to choose an FZE or an FZCO, it’s best to consult business setup experts. Here are some main differences: FZE FZCO Single owner Multiple owners Lower capital required Higher capital required Easier management More complex due to multiple owners Quick decision-making Decisions require agreement from all owners How to Choose the Right Structure? Consider these points when choosing your company structure: What business activities are allowed? How many owners will there be? What are the capital requirements? What are the tax and legal implications? Does the structure support your business goals? Get Help from Business Setup Consultants If you’re planning to start a business in a Dubai free zone, it’s important to know the legal structures available. This guide can help you understand the differences between FZE and FZCO. For expert advice, contact a Trusted business setup consultant like TycoonDocuments. They can help with business licensing, choosing the right structure, and meeting legal requirements. Call us for a consultation today! 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

Dubai
Business consulting

TOP business setup consultants in Dubai and in UAE

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
VAT

VAT Deregistration in the UAE: A Guide

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

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

How to Get a Mortgage in the UAE: A Comprehensive Guide for 2024

How to Get a Mortgage in the UAE: A Comprehensive Guide for 2024 All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Overview of Mortgage in Dubai for 2024 The UAE’s real estate market has always been a vital aspect of the country’s economy, attracting both local and international investors. While many property transactions are made through cash or developer payment plans, mortgages have become increasingly popular. In 2024, the mortgage landscape in Dubai is expected to change due to several key factors, including declining interest rates, rising rental prices, and the potential for refinancing. Key Factors Influencing Mortgages in Dubai in 2024: Lower Interest Rates: The UAE central bank follows the Federal Reserve’s monetary policy due to the dirham’s peg to the US dollar. A 100-basis point reduction in interest rates is expected by 2025, making borrowing cheaper and driving demand for mortgages. Increased Rental Prices: As rental prices continue to rise in Dubai, the gap between mortgage payments and rent narrows, making buying property a more appealing option for some renters. Refinancing Opportunities: Current mortgage holders in Dubai will likely explore refinancing options as interest rates drop, allowing for better terms on their loans. Investment Opportunities: Lower mortgage rates might attract investors who see opportunities in the short-term appreciation of Dubai’s high-value real estate. These factors are likely to shift the mortgage market in 2024, making it an opportune time for both new buyers and existing homeowners to reconsider their mortgage options. Mortgage Eligibility in the UAE Mortgage options are available to UAE citizens, residents, and non-residents, although the terms and conditions vary by demographic. General Eligibility Criteria: Age Requirement: Borrowers must be between the ages of 21 and 65. Minimum Income: For salaried individuals, the minimum income requirement is AED 15,000 per month, while self-employed individuals must earn at least AED 25,000 per month. These figures may vary slightly depending on the bank. Down Payment Requirements: UAE residents must make a down payment of at least 25% for properties valued at AED 5 million or less. For non-residents, the down payment increases to 50%. Loan Term: Mortgage terms in the UAE typically range from 5 to 25 years, depending on the lender. Employment History: Banks may require a minimum employment period or several months with the current employer to assess job stability. Credit Score: A good credit history is essential for securing a mortgage, especially for non-residents and self-employed individuals. Mortgages for Non-Residents Non-residents are allowed to obtain a mortgage in Dubai, but banks tend to offer more restrictive terms. Typically, non-residents can only finance up to 50% of the property’s purchase price, and the down payment requirement is higher. Additionally, mortgage terms are usually shorter, and the interest rates may be slightly higher compared to UAE residents. Non-residents can only purchase properties in freehold areas of Dubai, where foreign ownership is allowed. Required Documents for a Mortgage in Dubai To secure a mortgage in Dubai, borrowers must first obtain pre-approval from a bank, after which they can proceed to select a property. Below is a breakdown of the required documentation: For UAE Residents: Copy of Visa and Passport Emirates ID Salary Certificate (to confirm income) Proof of Residence: A lease agreement or a utility bill suffices. Bank Statements: Typically for the last 6 months. Credit Card Statements For Non-Residents: Copy of Passport Bank Statements: Usually covering the last 3 to 6 months. Additional Documentation: Some banks may require tax returns, corporate documents, or audited financial statements for business owners. The Mortgage Process in Dubai The process for securing a mortgage in Dubai involves several key steps, from initial consultations with banks to property registration. The following is an outline of the general procedure: Pre-Approval: The first step is to obtain pre-approval from a bank or use the services of a mortgage broker. Pre-approval indicates that the bank is willing to extend a loan based on your financial standing. Property Selection: Once pre-approval is secured, borrowers have between 60 to 90 days to select a property that fits their budget and preferences. Negotiation and Deposit: After selecting a property, the buyer negotiates terms with the seller and signs a letter of intent. A deposit, typically around 10% of the purchase price, must be paid to the seller. Final Mortgage Approval: The borrower then submits a mortgage application to the bank, which includes a credit check and a property appraisal. If everything is in order, the bank approves the mortgage. Legal and Administrative Procedures: After mortgage approval, the borrower must complete the legal and administrative processes, including the registration of the property with the Dubai Land Department (DLD). Mortgage Payment: Once the process is completed, the borrower starts making monthly mortgage payments based on the loan’s terms. Types of Mortgage Programs in Dubai Banks in the UAE offer a range of mortgage products, each catering to different borrower needs. The two most common types are fixed-rate and variable-rate mortgages. Fixed-Rate Mortgages: A fixed interest rate is set for an initial period, usually between 1 to 5 years. This offers predictability, as the monthly payment remains consistent. After the initial period, the interest rate may adjust to a level exceeding the Emirates Interbank Offered Rate (EIBOR). Variable-Rate Mortgages: Variable-rate mortgages adjust according to changes in EIBOR. While borrowers benefit from lower payments if rates decrease, they also bear the risk of rising payments if rates increase. Other Mortgage Options: Discounted Rate Mortgages: This is a type of variable-rate mortgage where borrowers receive an initial discount on the bank’s base rate. After a set period, the discounted rate adjusts to the standard variable rate. Mortgage Refinancing: Borrowers with an existing mortgage can refinance their loan under better terms. This may involve switching to a bank offering a lower interest rate, reducing monthly payments, or shortening the repayment term. Additional Mortgage Costs in Dubai In addition to the down payment, borrowers should be aware of other costs associated with obtaining a mortgage in Dubai:

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

Discover Lucrative Ways to Make Money Online in the UAE in 2024

Discover Lucrative Ways to Make Money Online in the UAE in 2024 All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us As a UAE resident, the digital landscape offers myriad opportunities to earn money online, whether you seek supplemental income or aim to build a stable financial foundation. This guide will delve into various methods to generate income online, including online surveys, freelancing, e-commerce, and more, while addressing the legal requirements and market conditions specific to the UAE. Overview of the UAE Online Earning Market The UAE’s online earning market is thriving, with a robust e-commerce sector anticipated to reach $18.99 billion by 2029. Several factors contribute to this growth: High Internet Penetration: With internet penetration at an impressive 99% in 2024, residents have easy access to online platforms, making it a fertile ground for online business and freelance work. Government Support: The UAE government encourages entrepreneurship and foreign investment, providing a favorable environment for online earnings. Tax policies are especially attractive, with 0% taxes on income up to AED 375,000 and 9% on income exceeding that threshold. Diverse Economy: Beyond e-commerce, other sectors such as tourism, technology, and finance are growing, creating additional avenues for online income. Given these conditions, the UAE stands out as an ideal location for individuals seeking to monetize their skills or engage in entrepreneurial ventures. Legal Requirements for Earning Money Online in the UAE While the UAE offers a welcoming environment for online entrepreneurs, it’s essential to understand the legal framework governing online earnings: E-commerce License: If you plan to sell products online, you need to obtain an e-commerce license from one of the UAE’s free zones. This ensures that your business operates legally and meets local regulations. Freelance Permit: For freelancers, acquiring a freelance permit from a free zone is necessary. If you are already employed, you may also need a No Objection Certificate (NOC) from your employer. Valid Passport: Ensure your passport has at least six months of validity before expiration, as this is a requirement for many applications and registrations. Compliance with Advertising Standards: Selling low-quality goods or monopolizing prices can result in fines ranging from AED 3,000 to AED 200,000, or even imprisonment for severe violations. Always ensure your business practices comply with UAE laws. By adhering to these legal requirements, you can confidently engage in online earning ventures without the fear of legal repercussions. Ways to Earn Online in the UAE The methods of making money online can be broadly categorized into two groups: earning without investment and earning with investment and skills. Here’s a detailed look at each category. Earning Without Investment If you want to earn some extra cash quickly and without a significant upfront investment, several platforms allow you to perform simple tasks for rewards: Online Surveys: Participating in surveys is a straightforward way to earn money. Companies seek consumer opinions to tailor their products and services. Swagbucks: This globally recognized platform lets you earn points (SB) by completing surveys, playing games, and watching videos. Each survey can earn you between 40 to 200 SB, and when you accumulate 100 SB, you can redeem it for $1. YouGov UAE: Specifically designed for UAE residents, YouGov allows you to share your opinions on various topics. Each survey typically pays around $1, making it a simple way to earn some cash. Triaba UAE: This app offers a section dedicated to UAE residents, with a low payout threshold of $12. You can earn cash or opt for gift cards, providing flexibility in how you receive your earnings. Microtasks: Various apps offer the chance to complete small tasks for cash rewards. These tasks can include data entry, simple online research, and more. Pawns App: Unique in its approach, the Pawns app rewards you for taking surveys or simply keeping the app open on your device. You can earn about $1 per survey and potentially up to $140 a month passively. Paid Online Games: Some platforms pay users to play games, turning leisure time into earning opportunities. Mistplay: This app rewards you for playing mobile games and offers gift cards as you accumulate points. While the earnings may be small, it provides a fun way to earn money. Cashback Apps: Use cashback apps when shopping online. These apps give you a percentage back on your purchases. Cashback UAE: This app partners with various retailers, allowing you to earn cash back on purchases made through the platform. While these methods may not lead to a full-time income, they can provide some extra cash without any upfront investment. Earning with Investment and Skills To build a more substantial income, consider avenues that require investment or specific skills. Here are some of the most promising options: Real Estate Investing: The UAE’s real estate market is dynamic, offering various investment opportunities. Real Estate Investment Trusts (REITs): REITs allow you to invest in real estate without directly buying property. Platforms like Smart Crowd enable you to invest in fractional ownership of properties, making real estate investing more accessible. Capital Gains and Rental Income: By investing in properties, you can earn money through capital appreciation and rental income. For example, if you purchase a property for AED 2 million and later sell it for AED 2.5 million, your profit would be AED 500,000. Dropshipping: This e-commerce model involves selling products without maintaining inventory. How Dropshipping Works: When a customer orders a product from your online store, you purchase it from a third-party supplier who ships it directly to the customer. This eliminates the need for inventory management. Steps to Start: Choose a Niche: Focus on trending products that have high demand. Categories like fashion, electronics, and health products are particularly popular in the UAE. Find Reliable Suppliers: Platforms like AliExpress and Oberlo can connect you with suppliers who offer dropshipping services. Set Up an Online Store: Create a website using platforms like Shopify, which is user-friendly and designed for e-commerce. Obtain a Trade License: Depending on your chosen free zone,

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

How to Change the Mobile Number Linked to Your Emirates ID

How to Change the Mobile Number Linked to Your Emirates ID All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Why It’s Important to Link Your Mobile Number to Your Emirates ID In the UAE, linking your Emirates ID to your mobile number is essential. This link allows you to access various government services easily. For example, when you register for a service, a One-Time Password (OTP) is sent to your registered mobile number. If that number isn’t yours, you’ll need to update it to use these services smoothly. Your mobile number is registered when you apply for your Emirates ID, so it’s best to use your own number to avoid any issues later. Here’s how you can change the mobile number linked to your Emirates ID. Changing Your Mobile Number Online Follow these steps to update your mobile number through the Federal Authority for Identity and Citizenship (ICA) website: Visit the ICA website: Go to icp.gov.ae. Select Services: Click on “Services” and then go to “Smart Services.” Under “Other Services,” choose “Personal Information” and then “Update Personal Information.” Click “Start Service.” Choose Your Nationality: Select your nationality. You may need to provide your Identity number or specify if you’re inquiring by Visa or Residency. Fill in Details: Complete the required fields, including your full name, passport number, Emirates ID number, date of birth, last entry date, and email address. Check Your Current Mobile Number: Look at the current mobile number displayed on the screen. Enter New Mobile Number: Input your new mobile number and receive an OTP to confirm it. Provide Your Address: Fill in your address and check the captcha box. Review Your Information: Double-check all details and make any necessary edits. Make Payment: The fee for changing your mobile number is AED 53. After payment, you will receive a confirmation email. It usually takes 2 to 7 days to update your mobile number. Changing Your Mobile Number Using the ICA App You can also change your mobile number using the ICA mobile app. Here’s how: Download the ICA App: Log in to your ICA account on the app. Update Personal Info: Click on “Update Personal Info” under public service options. Enter Your Information: Fill in your Emirates ID number and expiry date, and select “Residency” under File Type. Check Your Current Number: Review the mobile number displayed. Enter New Number and Confirm: Input your new number and request an OTP for confirmation. Complete Payment: Make the payment and wait for a confirmation message on your mobile. You can track your Emirates ID update status using the reference number from the confirmation message. Frequently Asked Questions (FAQ) 1. How much does it cost to change my mobile number on my Emirates ID?The fee is AED 53, and it takes 2 to 7 days for processing. If done at a Smart police station, it’s free and immediate. 2. Can I change my mobile number in person?Yes, you can visit any ICA service center or a Smart police station. 3. How do I change my mobile number at a kiosk?Visit any ICA happiness center. For more info, call 600522222. 4. How long does it take to update my mobile number?Typically, it takes 2 to 7 days after payment. At a Smart police station, it’s immediate. 5. Can I use any mobile number?Use a mobile number you regularly check, as important services are linked to it. 6. Can I use a foreign mobile number?Only UAE mobile numbers can be linked to your Emirates ID. 7. How can I check my registered mobile number?Log in to your ICA account on the website or app to see your personal information. 8. What if I enter the wrong number?You can correct it during the review step. If you realize the mistake after payment, you may need to start over. 9. What if I lose my phone with the registered number?Update your Emirates ID with your new number as soon as possible to continue receiving OTPs and notifications. Keeping your Emirates ID updated with your current mobile number is crucial for accessing government services smoothly. If you’ve changed your mobile number, make sure to update it on your Emirates ID promptly! 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

How to Check Your Visa Status in the UAE – Simple Guide

How to Check Your Visa Status in the UAE – Simple Guide All Business Setup. Corporate PRO, VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us If you live in the UAE, you need a valid residence visa. Sometimes, you may need to check your visa status, like if you’ve been outside the UAE for a long time or have issues with your visa sponsor. It’s important to know how to check if your visa is still valid. If you have a normal or employment visa and don’t live in the UAE permanently, you must visit the country every 6 months to keep your visa valid (for Investor or Partner visas, it’s once a year). If you’re worried about your visa expiring, here’s a simple guide to check your visa status online and learn how to renew or extend it. Quick Summary: You can check your UAE resident visa status online using: ICP Smart Services (for all Emirates) via their website or app. GDRFA Dubai service (for Dubai visas). You’ll need your passport details for both. Renewing or extending your visa is similar to applying for a new one but without needing to submit biometric data again. Checking UAE Visa Status Online There are two main platforms for checking visa status: GDRFA (General Directorate of Residency and Foreigners Affairs) for Dubai visas. ICP (Federal Authority for Identity, Citizenship, Customs, and Port Security) for visas from other Emirates. Documents Needed: Passport number and details Emirates ID or visa file number Login details (email and password) You can also log in with UAE PASS, a digital identity for UAE residents. Step-by-Step Guide for Checking Visa Status Using ICP Smart Services (for visas outside Dubai): Visit smartservices.icp.gov.ae or download the UAE ICP app. Click on Individual Service. Log in with your passport details or UAE PASS. Enter your passport details and click Submit. Your visa status will be displayed. Using the UAE ICP Mobile App: Download the UAE ICP app from your app store. Select your preferred language. Specify if you’re inside or outside the UAE. Log in or register as a new user. Enter your passport number and submit. Your visa status will appear. Using GDRFA Dubai (for Dubai visas): Go to gdrfad.gov.ae/en and log in. Choose Visa Status from the services list. Enter your application number, transaction number, and payment date. Complete the captcha and click Search to view your visa status. For more help, you can also use the DUBAI NOW mobile app or call GDRFA at 8005111. How to Check Visa Status with Passport Number (for non-Dubai visas): Visit the ICP Smart Services website. Choose Passport under the search options. Enter your passport details and submit to see your visa status. Steps to Renew Your UAE Visa: Apply for visa renewal online or at a center. Get a medical checkup before your visa expires. Apply for a new Emirates ID. Your visa will be approved digitally, no need to submit your passport. Your Emirates ID will arrive in 5-7 working days. The entire renewal process usually takes 1-2 weeks. Consequences of Visa Expiry: If your visa expires and you don’t renew it, you will face fines: AED 100 one-time fine, plus AED 50 daily until renewed. After a visitor visa expires, penalties begin after a 10-day grace period. Waiting too long to renew can result in bigger penalties and even being blacklisted from entering the UAE. FAQs: Where can I check my visa status? Dubai visas: Use the GDRFA website at gdrfad.gov.ae/en. All Emirates: Use ICP Smart Services at smartservices.icp.gov.ae. What if I’m outside the UAE and my visa has expired? You will need to apply for a new visa, just like starting from scratch. 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
Scroll to Top