uae business registration

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ICP Smart Services: Complete Guide for 2024

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

ICP Smart Services: Complete Guide for 2024 All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us ICP Smart Services is an online platform in the UAE that helps you manage essential services like Emirates ID applications, visa processes, and residency updates. Managed by the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP), this system ensures smooth handling of immigration, customs, and identity-related tasks. Whether you’re starting a business or moving to the UAE, ICP Smart Services simplifies the process of settling into Dubai. What Are ICP Smart Services? ICP Smart Services is a modern online system designed for UAE residents, tourists, and businesses to handle essential immigration and identity services. It offers everything from visa issuance to residency updates, making life easier for those living or working in the UAE. You can access these services via the ICP website, mobile app, or by visiting Customer Happiness Centres. Key Features of ICP Smart Services For Individuals: Visa Services: Apply, renew, or cancel visas online. Emirates ID: Update or check the status of your Emirates ID. Passport Services: Apply for or renew passports easily. Family Services: Add or remove family members, update details. Entry Permits: Manage permits for yourself or family. Newborn Services (Mabrouk Ma Yak): Get documents like a passport and birth certificate for your newborn. For Businesses: Company Registration: Register or renew businesses. Employee Visa Management: Handle employee visas, renewals, and cancellations. Labour Contracts: Facilitate employee agreements and documents. Establishment Cards: Issue or renew company establishment cards. For Tourists: Tourist Visas: Apply for long-term or multiple-entry tourist visas. Visa Extensions: Extend visas without leaving the UAE. Travel Records: Check your entry and exit dates online. General Services: Application Tracking: Track the status of your visa or Emirates ID applications. Fee Payments: Pay fines or appeal late fees online. Customer Support: Use live chat or the Ask Hamad virtual assistant for help. Who Needs to Register for ICP Smart Services? You should register for ICP Smart Services if you: Are applying for a UAE residency visa or Emirates ID. Need to renew or update your visa status. Are a tourist extending your visa. Are a business managing employee visas. How to Register for ICP Smart Services Visit the Official Website: Go to the ICP portal. Create an Account: Sign up with your name, email, and phone number. Verify Your Account: Confirm your registration via email or SMS. Log In: Use your credentials to access services. Enter Details: Provide necessary personal or company information. Start Using Services: Apply for visas, track applications, and more. How to Apply for Visas Using ICP Smart Services Golden Visa (10-Year Residency) The UAE Golden Visa is a long-term residency option for skilled professionals, investors, and exceptional students. Here’s how to apply: Log in to ICP Smart Services. Check Eligibility: Use the Golden Visa questionnaire on the website. Complete the Application: Provide personal and professional details. Upload Documents: Include proof of qualifications, investments, or academic achievements. Pay Fees: Submit the required payment online. Track Your Application: Monitor the progress via the portal. Benefits of Using ICP Smart Services Convenience: Manage your documents online from anywhere. Efficiency: Faster processing for visas and Emirates ID. User-Friendly Platform: Accessible through the website or mobile app. Why Choose Tycoon Documents? At Tycoon Documents, we specialize in making your transition to the UAE seamless. Whether it’s setting up a business or applying for visas, we handle the complexities so you can focus on your goals. Let us guide you through every step of your UAE journey. 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, Umm Al Quwain, United Arab Emirates
Documents for Dubai Business

Top 10 Documents You Need for Dubai Business Setup

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Top 10 Documents You Need for Dubai Business Setup All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Starting a business in Dubai offers unique advantages, including tax benefits, strategic market access, and a streamlined registration process. However, to set up your company legally and efficiently, you need to prepare specific documentation. Here’s a comprehensive list of the top 10 essential documents required for setting up a business in Dubai. 1. Passport Copies of Owners and Shareholders The passport copies of all shareholders and owners involved in the business are essential. These must be clear and up-to-date. For those who may not be physically present in the UAE, notarized copies are required in some instances. Tip: Ensure your passport has at least six months of validity remaining before submitting. 2. Entry Visa or Visit Visa If you’re entering the UAE for business setup purposes, you’ll need an Entry Visa (or Visit Visa). This is particularly important if you’re going to be meeting officials, scouting for office spaces, or conducting initial business activities. Note: You can later apply for an Investor Visa if you’re planning to reside in Dubai. 3. Proof of Initial Approval from the DED or Free Zone Authority For most business activities, you must obtain initial approval from the Department of Economic Development (DED) or the specific free zone authority where you plan to set up. This document essentially states that the UAE government has reviewed and approved your proposed business activity. 4. Trade Name Reservation Certificate Selecting and reserving a unique trade name for your business is mandatory. The name should comply with the UAE’s naming conventions, such as avoiding religious or political references and not including restricted words. You’ll receive a Trade Name Reservation Certificate once your business name is approved. 5. Memorandum of Association (MOA) The Memorandum of Association (MOA) is a critical legal document that outlines the company’s structure, objectives, and shareholder agreements. For mainland companies, this document should also include the roles and shares of the UAE national partner (sponsor) if required. Tip: The MOA should clearly define each shareholder’s responsibilities and liabilities, ensuring a smooth and legally compliant business operation. 6. Articles of Association (AOA) The Articles of Association (AOA) govern the internal operations and procedures of the company. The AOA outlines regulations related to the roles of directors, meeting protocols, and voting rights. Although it’s more commonly required for larger corporations, many free zones request an AOA as part of the registration process. 7. Lease Agreement or Tenancy Contract for Office Space To obtain your business license, you’ll need a lease agreement or tenancy contract for your office space. The Dubai Municipality or relevant free zone authority will inspect the premises and approve the lease agreement. For free zone companies, this is often provided as part of the free zone package. Note: Dubai Mainland businesses need to secure physical office space, while some free zones offer virtual office options. 8. Bank Reference Letter Most banks in Dubai require a Bank Reference Letter from the owner’s or shareholders’ previous bank, especially if they’re foreign nationals. This letter is a formal document verifying the individual’s financial reliability and is often required when opening a corporate bank account. Tip: A good bank reference can streamline your account opening process and help secure other banking facilities. 9. Power of Attorney (If Required) If you plan to appoint a legal representative or a consultant to handle the registration process on your behalf, you’ll need a Power of Attorney (POA). This document authorizes another individual to act on your behalf for official purposes and must be notarized by a UAE notary public. Example: Many entrepreneurs hire business setup consultants who use POAs to manage the documentation process. 10. Business Plan A detailed business plan is often required, especially when applying for funding, setting up in certain free zones, or opening a bank account. Your business plan should include: Executive summary Market analysis Organizational structure Financial projections Revenue model Tip: A well-prepared business plan not only helps in the approval process but also demonstrates your commitment and strategy to potential investors and partners. Final Thoughts The documentation process for setting up a business in Dubai can seem complex, but careful preparation can help you avoid delays. Consulting with a business setup expert or legal advisor familiar with UAE regulations is often beneficial, ensuring your paperwork is accurate and meets all necessary requirements. With the right documents in place, you’ll be well on your way to establishing a successful business venture in Dubai’s vibrant and supportive market. 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
Setting Up a Company in UAE Essential Steps for First Time Entrepreneurs

Setting Up a Company in UAE: Essential Steps for First-Time Entrepreneurs

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

Setting Up a Company in UAE: Essential Steps for First-Time Entrepreneurs All Business Setup Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Starting a business in the United Arab Emirates (UAE) is an exciting opportunity, thanks to the country’s robust economy, business-friendly policies, and strategic location. For first-time entrepreneurs, UAE offers a variety of incentives, including tax advantages, free zones, and a simplified registration process, making it one of the most appealing destinations for new business ventures. This guide will walk you through the essential steps to set up a company in the UAE, covering everything from initial research and choosing a business structure to obtaining a license and managing costs. 1. Understanding the UAE Market: Why Set Up a Company Here? The UAE is a thriving business hub, attracting entrepreneurs from around the world. The government has created a pro-business environment with benefits such as: Tax-Free Policies: For most sectors, there’s no corporate tax, and the UAE has no personal income tax. Free Trade Zones: With over 40 free zones, the UAE allows 100% foreign ownership, profit repatriation, and zero import or export duties. Strategic Location: Located between Asia, Africa, and Europe, the UAE is a gateway to lucrative markets in these regions. Business Support and Resources: The UAE offers a wide array of resources for new businesses, including government support, incubators, and access to international talent. These factors, combined with a stable economy and top-notch infrastructure, make the UAE an ideal location for entrepreneurs looking to establish a company. 2. Deciding on a Business Activity The first step in setting up a business in the UAE is determining the nature of your business. This decision will influence the type of license you’ll need, which government department you’ll register with, and where you can operate. Popular business activities in the UAE include: Trading and E-commerce: Import/export businesses are popular due to the UAE’s location and trade-friendly policies. Consulting and Professional Services: This category includes consulting firms, IT services, marketing agencies, and other knowledge-based businesses. Manufacturing and Production: If you’re interested in manufacturing, there are industrial licenses available, often provided in designated free zones. Freelancing: Freelance permits are also available for individual professionals such as writers, graphic designers, and IT specialists. Tip: Choose a business activity that has room for growth and aligns with the UAE’s economic policies. For example, the UAE is heavily investing in technology and innovation, making it a great choice for tech startups. 3. Selecting the Right Business Structure Choosing a business structure in the UAE is crucial as it affects ownership, tax obligations, and the extent to which you can operate. The three main types of business structures are: Business Structure Ownership Main Advantage Main Limitation Mainland LLC Up to 49% foreign ownership Can operate across the UAE Requires local sponsor (UAE national holding 51%) Free Zone Company 100% foreign ownership Tax benefits, profit repatriation Limited to operating within free zone unless with a local agent Branch Office 100% foreign ownership Operates as an extension of the parent company Limited to activities of the parent company Mainland LLC: If you choose a mainland business, you can operate freely across the UAE, but you’ll need a local sponsor who will hold 51% of the shares. However, the sponsor may not be involved in day-to-day operations, and many act as silent partners for a fee. Free Zone Company: Free zones are popular with foreign investors as they offer 100% ownership, tax benefits, and other advantages. Free zone companies can’t operate outside their respective zones unless they use a local distributor. Branch Office: A branch office is ideal if you have an established company outside the UAE. Branch offices require a local service agent, but the business retains 100% ownership. Example: If you’re starting a tech company with international clients, a free zone company may be the best choice. However, if you need to interact with UAE clients directly, a mainland LLC could offer more flexibility. 4. Choosing the Location: Mainland or Free Zone? Your choice of location affects costs, regulatory requirements, and operational flexibility. Mainland: Businesses registered on the mainland have fewer restrictions on where they can operate but may require a local sponsor for a partnership. Free Zones: There are over 40 free zones in the UAE, each dedicated to specific industries such as technology, healthcare, or finance. Each free zone offers a range of incentives, from tax exemptions to easier visa processes. Popular Free Zones: Dubai Multi Commodities Centre (DMCC), Jebel Ali Free Zone (JAFZA), and Abu Dhabi Global Market (ADGM) are a few well-known options. 5. Licensing Requirements: Obtaining the Right Business License In the UAE, business licenses are issued based on your business activity and location. Here are the primary types of licenses: Commercial License: For trading activities, including general trading. Professional License: For service-oriented businesses such as consulting. Industrial License: For manufacturing and industrial activities. Freelancer Permit: For individuals in certain professions, available in specific free zones. To apply for a license, you’ll typically need the following: Business Plan: A detailed plan outlining your business activities and growth strategy. Initial Approval: An NOC (No Objection Certificate) from the relevant authority. Trade Name Registration: Choose a name that adheres to the UAE’s naming guidelines. Document Submission: Provide passport copies, visa copies, a Memorandum of Association (if required), and other necessary documentation. Example: A tech startup in a free zone could apply for a commercial or professional license, depending on whether it’s trading or providing services. 6. Registering Your Business: A Step-by-Step Guide Step 1: Get Initial Approval Submit an application for initial approval from the Department of Economic Development (DED) for mainland companies or the relevant free zone authority. Step 2: Choose a Trade Name Register your trade name, ensuring it complies with the UAE’s naming regulations (no offensive terms, avoid certain restricted words, etc.). Step 3: Prepare and Submit Documents Typical documents include: Passport copies of shareholders Initial approval certificate Trade name registration Memorandum of Association (for mainland LLCs)

United Arab Emirates
job seeker

Everything you need to know about Job Seeker Visit Visa

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

Everything you need to know about Job Seeker Visa All VISA Related Services: Contact Tycoon Documents, Dubai Apply Online Contact us Jobseeker visit visa   Foreigners are granted a visit visa to search for a job without requiring a host/sponsor in the country, for one trip. You can apply for a job-seeker visa with a validity of either 60, 90 or 120 days. Read about the eligibility criteria and the steps to apply.  UAE job seeker visa validity options The UAE job seeker visa will be issued with three validity options, including for a period of 60, 90 and 120 days. Therefore, job seekers will have around 4 months to explore the job market in the UAE. UAE job seeker Visa eligibility requirements The job seeker visa does not require a sponsor or a host and will be granted if the applicant meets the following requirements: Is classified in the first or second, or third skill level as per the Ministry of Human Resources and Emiratisation Level 1: Legislators, managers, and business executives Level 2: Professionals in scientific, technical, and human fields Level 3: Technicians in scientific, technical, and humanitarian fields Is a fresh graduate of the best 500 universities in the world Is able to support themselves during the time they are in the country Has a minimum educational level of a bachelor’s degree or its equivalent. Graduated a maximum of two years before the year of application. UAE job seeker visa documents required To apply for the UAE job seeker visa, the following documents will be required: A passport copy of the applicant. A coloured photo of the applicant’s Government authorised identity card Attested qualification certificates Please note that additional documents may be required in some cases. How to apply online for the UAE job seeker visa? The UAE job seeker visa or the job exploration visa can be applied for online from the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website by following the steps given below: Visit the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website. Select the type of job seeker visa you want to apply for from the validity options of 60, 90 and 120 days. Fill in the required information and submit the attachments as required. Pay the visa application fees and submit your visa request. Please note that you can also apply for the UAE job seeker visa at Tycoon Documents and Services Call Us 24/7 971 56 993 1404/02 OR Get Your Consultation FREE! Request Appointment

Abu Dhabi, Ajman, Dubai, Fujairah, News, Ras Al Khaimah, Sharjah, Umm Al Quwain
UAQ FREE ZONE

Everything you need to know about UAQ Business Setup

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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
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2024 Guide : How to Start a Business in Sharjah

Abu Dhabi / / / , , , , , , , , , , , ,

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! Request Appointment

Abu Dhabi
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Everything you need to know about Dubai,UAE family visas

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

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

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