business setup in uae

What Foreign Investors Need to Know Before Starting a Business in UAE

What Foreign Investors Need to Know Before Starting a Business in UAE

United Arab Emirates / / / , , , , , , , , , , , , , , ,

What Foreign Investors Need to Know Before Starting a Business in UAE All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Starting a business in the UAE as a foreign investor can be a lucrative opportunity due to its favorable business climate, strategic location, and tax incentives. However, there are key considerations to understand before launching your business in the country. Here’s what foreign investors need to know: 1. Choosing the Right Business Structure Foreign investors must choose between setting up a business in a Mainland or Free Zone: Mainland: This allows businesses to operate anywhere in the UAE but often requires a local sponsor (UAE national) who holds 51% of the shares. However, recent reforms now allow 100% foreign ownership in certain sectors and industries. Free Zone: Free zones offer 100% foreign ownership, tax exemptions, and streamlined licensing processes. Each free zone caters to specific industries, such as technology, media, or manufacturing. However, businesses in free zones are often restricted to operating only within the free zone or conducting business outside the UAE. 2. Business Licensing Understanding the type of business license you need is crucial: Commercial License for trading activities Professional License for service-oriented businesses Industrial License for manufacturing E-commerce License for online businesses Each type of license has specific requirements, including the necessary documentation and business activity classification​ 3. Visa and Residency Requirements To establish a business in the UAE, foreign investors need a residence visa. This process is typically facilitated through business setup services or the free zone authority. Depending on the business setup, investors may also require a partner visa if they have a local sponsor in the mainland. Foreign investors in free zones can secure residence visas, as can their employees. In some cases, owners can also get multiple visas for their family members​. 4. Financial Requirements While the UAE offers an attractive environment for business, foreign investors must consider the capital requirements. For mainland companies, some activities require a specific amount of paid-up capital, though this varies depending on the business type and location. Free zones often have minimal capital requirements, which are favorable for startups. However, it’s important to check individual free zone regulations for specific figures. 5. Local Sponsor for Mainland Businesses In most mainland setups, foreign investors will need a local sponsor or local service agent. This partner does not have to be involved in daily operations but must hold the majority of shares in the company. Recent regulatory changes have introduced more flexibility, allowing certain sectors (e.g., technology, retail) to bypass the requirement for a local sponsor, which provides more autonomy for foreign business owners​ . 6. Tax and Financial Incentives The UAE has a favorable tax environment, including: No corporate tax (for most businesses) No personal income tax VAT of 5% (applicable to most goods and services) Additionally, free zones often provide tax exemptions for a set period (usually 15-50 years), making the UAE particularly attractive for foreign investors in sectors like tech, media, and logistics​ . 7. Legal and Regulatory Framework The UAE has strong laws to protect investors, but it’s important to understand the regulatory framework for business operations. This includes licensing regulations, intellectual property protection, employment laws, and the legal system. It’s advisable to consult with local legal experts who can assist in navigating these regulations and ensure full compliance with UAE laws​ . 8. Banking and Finance Setting up a business bank account is an essential step. The UAE has a well-developed banking sector, and most banks require documentation such as proof of business ownership, a valid trade license, and a residency permit to open an account. The process can take several weeks, so it’s essential to plan ahead​ . 9. Access to a Global Market The UAE’s strategic location provides access to global markets in Europe, Asia, and Africa, making it a natural business hub for trade. The country’s logistics infrastructure, including ports, airports, and road networks, is world-class, facilitating easy distribution and business operations Conclusion Starting a business in the UAE offers significant benefits for foreign investors, including access to a tax-efficient environment, advanced infrastructure, and a diverse market. However, understanding the local regulatory framework, the type of business license you need, and the visa and residency requirements is essential for ensuring a smooth business setup process. Working with business setup professionals and legal advisors can help streamline the process and ensure compliance with local laws. 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

United Arab Emirates
bank

Dubai’s Top 8 International Offshore Banks for Business Setup in 2024

Dubai / / / , , , , ,

Dubai’s Top 8 International Offshore Banks for Business Setup in 2024 All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Dubai is not only a thriving international center for finance and commerce in Asia and the Middle East, but it is also widely recognized as a global business hub. It has strategic geographical advantages, futuristic infrastructure, and an environment conducive to business across various niches. Dubai has transformed from an oil trading nation into a dynamic financial center, making it one of the top Emirates in the UAE with a robust banking industry. As a prime destination for international banking, Dubai boasts an efficient and open regulatory framework. An international bank in Dubai can offer stability and confidentiality, which are crucial for businesses looking to expand globally. However, not all banks are suitable for every business, and the international label alone does not guarantee trustworthiness. Importance of Choosing a Bank for Business Setup Choosing the right bank is vital for any business. Almost all businesses require a credit source or other means of financing, and banks play a crucial role in economic stability. A reliable banking institution can secure funds, allowing businesses to implement strategies and grow effectively. Having a bank reduces reliance on cash, enhancing operational efficiency. It also provides businesses with access to credit, loans, and financial products that help manage expenses, such as supplier payments and salary disbursements. Additionally, banks can offer financial advisory services and strategic financial management to help businesses save and use surplus funds wisely. Top 8 International Offshore Banks in Dubai Here are eight offshore banks in Dubai that are known for their services and customer satisfaction: 1. HSBC Middle East HSBC Middle East is one of the largest banking and financial service providers in Dubai. It offers a wide range of financial services, including multi-currency accounts, international fund transfers, and wealth management. HSBC’s extensive network supports businesses with cross-border transactions and localized services. 2. Citibank Citibank has a global reputation for comprehensive banking services and a large customer base. Its Citigold Private Client division offers high-net-worth individuals a range of investment options and personalized wealth management services, including estate planning. 3. Emirates NBD Emirates NBD is a well-known banking facility in the Middle East, catering to high-net-worth clients and businesses. The bank provides custom wealth management services, investment options, and attractive loan rates while adhering to Shariah regulations. 4. Habib Bank AG Zurich Habib Bank AG Zurich (HBZ) offers corporate and trade financing, asset management, and personal banking services across major global financial hubs. Its digital financing facilities comply with regulations, providing tailored solutions for businesses. 5. Royal Bank of Canada The Royal Bank of Canada is one of the largest banks in Canada and offers a wide range of financial services in Dubai. It provides exclusive wealth management and investment services, along with attractive loan rates and insurance plans. 6. Noor Bank Noor Bank is an Islamic bank that complies with Shariah regulations. It offers comprehensive wealth management and treasury services, along with estate planning and strategic investment services for high-net-worth clients. 7. Dubai Islamic Bank As the first and largest Islamic bank in the world, Dubai Islamic Bank offers various financial services adhering to Shariah principles. It provides asset management, investment banking, and Islamic mortgage services, along with advanced digital banking solutions. 8. Standard Chartered Bank Standard Chartered Bank operates globally, focusing on emerging markets. It provides custom wealth management services and sustainable financing options, with a strong presence in Dubai and numerous ATMs across the UAE. Factors to Consider When Choosing an International Bank in Dubai When selecting an international bank in Dubai, consider the following factors: Reputation: Ensure the bank has a solid reputation and compliance with national and international regulations. Niche Expertise: Look for banks that specialize in your industry to receive tailored advice and financing options. Exchange Rates and Fees: Choose a bank with competitive exchange rates and transparent fee structures. Tax and Financial Perks: Consider the tax incentives and financial benefits that offshore banking can offer. Advantages and Limitations of Offshore Banking Advantages: Tax Incentives: Offshore banking can provide potential tax advantages. Asset Protection: Offshore banks can offer exclusive solutions for protecting assets. Attractive Interest Rates: Borrowing in offshore countries can often come with lower interest rates. Limitations: Regulatory Challenges: Offshore banking can involve complex international laws and compliance requirements. Anonymity Concerns: Recent regulations may impact the ability to maintain anonymity and tax advantages. Conclusion Choosing the right bank is crucial for expanding your business in Dubai. Inquire about the bank’s services and offerings to ensure they align with your business needs. Selecting a bank that provides comprehensive account management, currency exchange, and asset protection will help you navigate the dynamic global financial landscape effectively. 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
organic farm

How to Start an Organic Farm in Dubai: A Simple Guide

Dubai / / / , , , ,

How to Start an Organic Farm in Dubai: A Simple Guide All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us he food industry in the UAE has grown rapidly, and Dubai is now a major city known for its great food. With more people wanting fresh, chemical-free food, there’s a big opportunity for entrepreneurs to start organic farms. If you’re interested in organic farming in Dubai, this guide will explain how to get started. Global Rise of Organic Farming Organic farming is growing all over the world. By 2019, there were over 3 million farmers in 187 countries practicing organic farming on 72.3 million hectares of land. In the UAE, organic farming is becoming popular too, with over 40 farms producing more than 60 organic products. This is driven by people wanting healthier food grown without harmful chemicals. Benefits of Starting an Organic Farm in Dubai Starting an organic farm in Dubai has many benefits: High Demand: People in Dubai are looking for organic products, giving new businesses the chance to grow quickly. Environmental Benefits: Organic farming helps protect the environment by reducing the use of harmful chemicals and pesticides. Local Sustainability: By selling locally grown organic produce, farmers can reduce transportation costs and carbon footprints, making it a sustainable business. Types of Farming in Dubai There are three main types of farming you can choose from: Fish farming (aquaculture) Raising animals (livestock farming) Growing crops (agriculture) Each type of farming requires a specific license. For example, fish farming needs an aquaculture license, while raising animals needs a livestock farming permit. Make sure you have the correct license for the type of farming you want to do. Steps to Start an Organic Farm in Dubai Pick a Farm Location: Choose a plot of land for your farm. The local municipality will inspect it to make sure it’s suitable for farming. Get Approval: After the land is approved, buy your equipment and prepare the farm. The municipality will check that your farm meets environmental standards before you can start. Get Organic Certification: You’ll need to get certified as an organic farm by the Emirates Authority for Standardisation and Metrology. Once approved, you can label your products as organic. Choose a Business Name: Select a unique name for your farm that follows Dubai’s naming rules. Make sure the name is not already taken and doesn’t include any offensive words. Apply for Licenses: Apply for an organic farming license with the Dubai Department of Economy and Tourism. You’ll need to provide important documents like your business plan and passport copies of the farm’s owners. Get a Residency Visa: To own and run a farm in Dubai, you must have a UAE residency visa. You can also apply for visas for any employees you want to hire. Documents Needed to Start an Organic Farm To start an organic farm, you’ll need: A completed application form for your organic farming license Documents like articles of incorporation and a description of your farm’s activities Proof of any qualifications or certifications Copies of passports for all business owners Conclusion Starting an organic farm in Dubai is a great opportunity. The demand for organic food is growing, and with the right licenses and certifications, you can set up a successful farm. Make sure to get help from experts like Tycoon Documents to guide you through the process, and you’ll be on your way to building a thriving organic farming business in 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

Dubai
warehouse

How to Start a Storage and Warehousing Company in Dubai

Dubai / / / , , ,

How to Start a Storage and Warehousing Company in Dubai All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us My journey in the UAE began as part of a family with four generations of entrepreneurs. I’ve gained experience in business management, consulting, and digital marketing, and my family has always inspired me to pursue new business ventures. In this article, I’d like to share insights on starting a storage and warehousing company in Dubai, based on my own research and experience. Why Dubai is Perfect for a Warehousing Business Dubai is one of the world’s biggest trade hubs, with businesses in almost every sector. Every day, international and e-commerce trade is booming, leading to more demand for storage and warehousing solutions. After the COVID pandemic, the need for extra storage spaces has also increased, making the future of the warehousing industry in Dubai very promising. If you’re considering starting a warehouse and storage business, Dubai is an ideal place. The city offers a business-friendly environment, tax benefits, and growing demand, making it a great choice for entrepreneurs. Benefits of a General Warehouse License in Dubai Dubai’s high import and export rates create a strong demand for warehousing services. With a general warehouse license, you can offer solutions to many businesses across the UAE. Plus, the city offers a simple business setup process, a pro-business climate, and 0% taxes on corporate and personal income. Key Factors to Consider Before Opening a Warehouse in Dubai Before starting your business, it’s important to have a clear understanding of the whole project. Here’s what to focus on: Market Research: Learn about the warehousing market, key players, and income sources. Understand Documentation Requirements: Setting up a business in Dubai is easy, but it involves paperwork. Know all the necessary documents. Logistics Knowledge: Customs and clearance processes in Dubai can be complex. Many businesses hire consultants to handle this. Meet Customers and Suppliers: Face-to-face meetings are effective for building strong relationships and solving disputes quickly. Hire Skilled Workers: Dubai has a large labor pool. Hire the right people to ensure success. Create a Marketing Plan: A good marketing strategy helps bring in new customers and keep existing ones. Set Long-Term Goals: Developing long-term goals will guide your business toward steady growth and success. Step-by-Step Guide to Starting a Warehousing Business in Dubai Market Research: Understand the demand, key players, and possible locations for your warehouse. Define Business Operations: Decide on the services you’ll provide. Choose a Business Name and Economic Zone: Pick a unique name and decide whether to set up on the mainland or in a free zone. Trade Name Registration: Register your business name with the government. License Application: Submit the necessary license applications and pay the fees. Visa Application: Get visas for yourself, your employees, and your business partners. Open a Bank Account: Set up a corporate account to manage your business finances. Start Operations and Get Ongoing Support: Once everything is set up, begin running your business. Tycoons can offer continued support with compliance, expansion, and renewals. Essential Documents for Starting a Warehousing Business Business Plan: Outline your goals, strategies, and financial projections. Passport Copies: Provide clear copies of all shareholders’, directors’, and managers’ passports. Proof of Residence or Visa: Foreign investors need to provide a copy of their UAE visa or residency permit. No Objection Certificate (NOC): Required if the shareholder or director is already in the UAE. Trade Name Reservation: Proof of your business name’s registration. Initial Approval Certificate: Confirmation from the Dubai Economy or the relevant free zone authority. Memorandum of Association (MOA): A document outlining your company’s goals and shareholder responsibilities. Lease Agreement: A formal contract for leasing your warehouse space. Ejari Registration: A registration verifying your lease agreement. Approvals: Specific approvals may be needed based on the type of goods being stored. Best Locations for Warehousing in Dubai Dubai Commerce City: Focuses on e-commerce with modern infrastructure. Dubai South: Close to Al Maktoum International Airport, ideal for companies using air freight. SAIF Zone (Sharjah Airport Free Zone): Convenient for international trade and close to Sharjah International Airport. Hamriyah Free Zone: Great for businesses dealing with maritime freight, offering large-scale warehouse operations. Khalifa Industrial Zone Abu Dhabi (KIZAD): Offers excellent connectivity via air, sea, road, and rail. Ras Al Khaimah Economic Zone (RAKEZ): Located in the northern UAE, serving eastern and western markets. Activities for Warehousing Companies in Dubai There are many ways to make the most of a warehousing business in Dubai: Third-party Logistics: Offer services for product handling, storage, and delivery. Freight Brokering: Handle customs, insurance, and the transportation of goods by land, air, or sea. Warehouse Maintenance: Provide services like loading, unloading, sorting, and packaging. Customs Agent: Act as a customs broker to help businesses with customs procedures. Cargo Transportation: Use trucks, planes, and ships to transport goods. General Warehouse License Costs in Dubai The cost of a general warehouse license in Dubai starts at AED 30,000. The price may vary depending on whether your warehouse is for personal use or open to the public. How Tycoon Documents Can Help You Start a Warehousing Business Tycoon provides a wide range of business setup services for startups, small and medium businesses, and large corporations in Dubai. Here’s how they can assist you: Expert Guidance: Navigate Dubai’s business environment with advice from experienced professionals. Licensing and Registration: Get the right licenses and approvals easily. Documentation Assistance: Let experts handle the paperwork for you. Strategic Advice: Benefit from tailored strategies to ensure your warehouse business succeeds. Ongoing Support: Tycoon offers help with compliance, expansion, and renewals even after your business is set up. Starting a warehousing business in Dubai can be a great opportunity with the right guidance and planning. 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
UAQ FREE ZONE

Everything you need to know about UAQ Business Setup

Umm Al Quwain / / / , , , , ,

Everything you need to know about UMM AL-QUWAIN Business Setup All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Business Setup in UAQ Another business destination that provides excellent chances for corporate entities is Umm Al Quwain, which is situated on the west coast of the United Arab Emirates. For several companies, the Umm Al Quwain Free Trade Zone (UAQFTZ) created a new playing field. They came in droves to discover the great advantages of the emirate. Both big corporations and SMEs have praised UAQ for its business-friendly environment. There are no obstacles in the way of starting a company. The administration will provide outstanding assistance during the procedure. In addition to a system that promotes company expansion. The emirate has demonstrated optimistic aspects that businesspeople have yet to recognize. Tycoons is a company setup service provider in the United Arab Emirates that helps uncover UAQ’s growth potential. Numerous business firms have received our assistance in establishing their operations in the emirate. We are really happy to see them succeeding in their different industries. With the years of experience under our belts, we guarantee the greatest support for your business. 3 Types of Business Jurisdictions in UAE 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. Freezones in UAQ Umm Al-Quwain Free Zone Frequently Asked Questions Here are answers to the most frequently asked questions. Can foreign nationals own 100% of a company in Dubai? Yes, a foreign national is eligible for 100% ownership of a free zone/Offshore and In Mainland  specific business company in Dubai, and across the UAE. Can foreign nationals register a company in Dubai? Yes, foreign nationals can easily register a business in Dubai. Professional assistance is necessary for aspects like licensing, visa issuance, and bank account opening, and a business setup consultant in Dubai can assist you with this. Can I start a business in Dubai or UAE without an office? Yes, Dubai/UAE  allow you to register and own businesses without the need for a physical office space. Can I secure visas for my dependents through a free zone business in the UAE? Yes, you can easily sponsor your spouse and children through a free zone business license.You are Eligible for Family Visa What are the different types of business licenses issued in UAE? The three(3) most prominent licenses available in UAE are professional, commercial, and industrial.  Professional license: A professional license permits offering specialized services such as consultancy, accounting, legal advisory, and so on. This license is required for skilled professionals looking to set up businesses and 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 UAEi? 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! Request Appointment

Umm Al Quwain
Golden Gate

Everything you need to know about Golden Visa

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

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

Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Quwain
tycoon documents dubai scaled

UAE declares new 10-year Blue visa

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

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

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