Home |Virtuzone Virtuzone Largest Corporate Service Provider in UAE 64 Answers, 0 Claps, 1730 Views Share × Feeds Questions Answers Guides How do the local service agent agreement and local sponsor system work in Dubai? The local service agent (LSA) agreement and local sponsor system are two key aspects of setting up a business in the UAE. The LSA agreement applies to certain types of licenses, like professional licenses… 1 0 30 How does the golden visa differ from regular visas? The Golden Visa in the UAE is a long-term residency program designed primarily for investors, entrepreneurs, and other high-skilled professionals. Unlike regular visas, which are typically valid for up… 1 0 101 Can foreigners have complete foreign ownership in any business setup in Dubai? Yes, foreigners can have 100% ownership in certain business setups in Dubai. For instance, in several free zones, foreign investors can have full ownership of their business. Furthermore, recent changes… 1 0 8 Are there any share capital requirements for setting up business in Dubai? The share capital requirements for setting up a business in Dubai can vary depending on the specific business type and the free zone you choose. Some free zones, for instance, require no share capital… 1 0 3 Do I need a physical office to start a business in Dubai? It depends on the type of business you’re setting up. If you’re establishing a Mainland company, you’ll need a physical office space as per the regulations of the DED. However, if you’re… 1 0 17 How do UAE free zones differ from one another? Each free zone in the UAE is designed to cater to specific industries. For instance, JAFZA or Jebel Ali Free Zone Authority is ideal for businesses engaged in logistics or manufacturing due to its proximity… 1 0 6 How can I open a corporate bank account for my company in Dubai? Opening a corporate bank account in Dubai is a straightforward process, but it does require some documentation and a visit to the UAE. Here’s a brief rundown: Choose a bank that aligns with… 1 0 7 What are the legal structures available for business setup in Dubai, like LLC, joint stock company, etc.? In Dubai, there are several legal business structures you can choose from: Limited Liability Company (LLC): This is a popular choice for many small businesses and entrepreneurs. It offers operational… 1 0 12 What are the legal and regulatory requirements for business setup in Dubai? Setting up a business in Dubai involves a few key legal and regulatory steps: Identifying your business activities: This is essential as it helps in deciding the type of license you’ll need.… 1 0 9 What products can I sell online without an e-commerce licence? Nothing. To protect the interests of both businesses and consumers, the UAE e-commerce sector is strictly regulated. That is why all aspiring e-commerce entrepreneurs must secure an e-commerce licence… 1 0 8 Can I run two businesses under one e-commerce licence? Yes! As long as the activities are related to e-commerce. What is not allowed is conducting business activities that are unrelated to each other. For example, you cannot conduct trading activities and… 1 0 12 Does an e-commerce licence allow me to sell to all of UAE or just within the free zone where I am registered? Yes, you can sell to all of the UAE with your e-commerce licence. However, you will need a distributor in the mainland. 1 0 10 What is the difference between eTrader licence and e-commerce licence in Dubai? An eTrader licence is primarily for UAE and GCC nationals living in Dubai who want to do business through their social media channels. So, if you are a non-UAE or non-GCC national, you may not be eligible… 1 0 4 What is the difference between an e-commerce business licence and a business trade licence? An e-commerce business licence is a type of trade licence that specifically permits you to sell physical goods in the UAE through an e-commerce website. On the other hand, a business trade licence is… 1 0 15 What are the different types of e-commerce licences in the mainland? If you are getting a mainland e-commerce licence, then you need to familiarise yourself with the options offered by different mainland jurisdictions. Dubai Issued by the Dubai Department… 1 0 17 How to apply for an e-commerce licence in UAE? The application process for an e-commerce licence may differ for each jurisdiction, but we are giving you an overview so you can get a better idea of the documents you need to prepare and the processes… 1 0 3 How long will it take to get approved for a Trade License? After you’ve submitted your trade license application, it’s time to play the waiting game. Luckily, the wait time is relatively short for a Dubai trade license. It typically takes anywhere… 1 0 26 What are the documents required to get Trade License in Dubai? Part of getting your Dubai trade license requires you to submit certain documentation. It’s important to make sure that all the documentation is well-organized and that you submit it with your application… 1 0 4 What is a Free Zone, Offshore, and Mainland License? The trade license you apply for will vary depending on whether you are starting a free zone business or a mainland business. A mainland license is valid for businesses that are operating… 1 0 7 Who can apply for a UAE Golden Visa? Investors Investor in an investment fund (commercial investor) Requirements Company audit (financial report for the previous year) Licence copy and the partners’ list (commercial-industrial) Residence… 1 0 29 Am I eligible for a UAE Golden Visa? The UAE government recently expanded its eligibility criteria for the Golden Visa, making the program even more accessible to all kinds of people around the world. However, it’s worth noting that… 1 0 56 Who is an Ultimate Beneficial Owner in Dubai? An Ultimate Beneficial Owner is a person that is the leading beneficiary when an establishment originates a transaction. Who comprises a UBO will vary from jurisdiction to jurisdiction, but… 1 0 3 Who can qualify for Health Insurance in Dubai? Any expat legally working in Dubai qualifies for health insurance through their employers. To access medical care in public facilities or government hospitals and clinics, you must have a health card.… 1 0 3 How to get Health Insurance for Low Earners or Unemployed in Dubai? Dubai has an Essential Benefits Plan (EBP), which provides medical coverage to people who earn very low salaries. This plan is mainly for residents who make below AED 4,000. It also covers their… 1 0 2 Can I open bank account in Dubai online? Whilst most banks will have a mobile banking function to help you transfer money and check your balance, they may not allow you to apply for new accounts through their mobile banking app. Some of the… 1 0 1 What are the types of bank accounts in Dubai? There are several different types of bank accounts, which cater to both non-residents and residents of the UAE. Current Accounts An Emirates Islamic Current Account is a transaction account, which comes… 1 0 81 How to choose the right bank account in UAE? There are a few questions you can ask to help you make sure that you’re opening a bank account with a good financial institution. Some key questions to ask include: Do you have a required minimum… 1 0 1 How to open a bank account in UAE for a UAE resident? To open either a current account or a savings account, UAE residents will need to provide the following documentation: Your original passport as well as a copy A copy of your UAE resident visa… 1 0 1 How to cancel my UAE Residence Visa? While most people who move to the UAE choose to live there permanently, there are reasons why you might want to cancel your visa. Cancelling your visa is a fairly straightforward process. Typically, to… 1 0 69 How can I get a Long-Term Residence Visa in the UAE? So, you’ve got your residence visa and you want to stay even longer in the UAE. Good move! Thanks to a new initiative from the government of the UAE, you’re now able to apply for either a… 1 0 11 How to renew a UAE Residence Visa? Once your visa expires, you’ll need to renew it in order to legally remain in the UAE. This process is much simpler than getting your original visa. To renew your visa, you’ll need to get… 1 0 5 How to maintain my UAE Residence Visa? Once you have your residence visa, you’ll need to keep your visa valid. Luckily, this is pretty easy. All you need to do is make sure that you enter the UAE once every six months. If you don’t… 1 0 8 What are the benefits of getting a UAE Residence Visa? There are many benefits to becoming one of the 8.84 million expats living in the UAE. For one, you’re able to easily visit this country without having to worry about constantly applying… 1 0 8 How much does it cost to become a UAE Resident? Becoming a UAE resident will cost different amounts of money depending on what type of visa you have and where your business is registered. For example, the lowest visa fees apply to the northern Emirates… 1 0 0 What is the process of getting a UAE residence visa? Getting a UAE residence visa is very simple. If you’re planning to get a visa by establishing a mainland company you’ll need to follow this process: Register your company Get an… 1 0 4 Where can I live with a UAE Residence Visa? One of the first questions people have about getting a UAE residence visa is where they’re able to live under their new visa. The good news is that they can live in any Emirate they like! Whether… 1 0 23 How can I become a UAE Resident? There are a few different ways that someone can become a resident of the UAE. These include: Obtaining a job in the UAE Opening a business in the UAE Getting a freelance permit for… 1 0 4 What is Corporate Tax in UAE? The corporate tax is levied on the taxable income of business establishments registered in the United Arab Emirates. The new taxation policies will come into effect from June 1, 2023, when many businesses… 1 0 5 How much is the corporate tax for freelancers in UAE? According to MOF, the income of individuals is not subject to corporate tax. So, you may wonder whether the authorities will treat freelancers as individuals or business entities. The corporate tax policy… 1 0 0 How much is the Corporate Tax for Free Zone Businesses in UAE? The UAE has established over 60 economic free zones over the past few decades to encourage investors and businesses globally to operate in the country. Thousands of investors have opened their… 1 0 0 How much is the Corporate Tax in UAE? MOF, the regulatory body for the UAE corporate tax, has devised a taxation policy with three taxation tiers, which are: Businesses with net yearly profit up to AED 375,000: Subject to a 0% tax rate… 1 0 1 Who will be subject to Corporate Tax in UAE? According to the UAE Ministry of Finance (MOF), all business entities operating within UAE will be subject to the new tax regime from June 1, 2023, and onwards. The tax calculation of the period of businesses… 1 0 0 What are the things to know about VAT in Dubai? Value-added tax, or VAT, is a tax based on consumption. Unlike taxes levied on income, VAT applies to purchases of goods and services. It’s added to every point in the manufacturing and distribution… 1 0 14 How to verify a Dubai Chamber Certificate of Origin? The validation process for a Certificate of Origin in the UAE begins with submitting the application to the Dubai Chamber of Commerce and Industry, along with the necessary supporting documents. The Chamber… 1 0 79 How to get Dubai Chamber Certificate of Origin? It would be best if you met specific eligibility criteria to secure the Certificate of Origin (CoO). These include: Membership in the Dubai Chamber Possession of a valid trade licence Adherence to the… 1 0 21 What is the Certificate of Origin in UAE? The Certificate of Origin is an essential document you’ll need if you’re a UAE business involved in international trade. It’s a declaration that the goods you’re exporting or importing… 1 0 22 What are the legal considerations for Forex Trading in Dubai? Forex trading in Dubai is legal and safeguarded by several entities to uphold the integrity of the financial markets and protect investors. The UAE government has implemented regulations that Forex… 1 0 93 Is Dubai Tax-Free For Forex Traders? The UAE, specifically Dubai, is renowned for its tax-free zones. This includes Forex trading, which makes Dubai a favourite destination for traders worldwide. The tax-friendly Forex trading environment… 1 0 176 How to move to Dubai from South Africa? Visa Types and Processes As a South African planning your move, it’s crucial to understand the various visa options. These encompass employment, dependent, freelance, student, investor, and… 1 0 2 What are the taxes for foreign companies in UAE? Understanding your tax responsibilities is crucial as an international entity operating in the UAE. The tax environment in the UAE is multifaceted and can fluctuate based on your business’s nature… 1 0 1 No questions added by Virtuzone. What is the minimum capital requirement for a freezone company formation? Share capital requirement varies on the Jurisdiction. To answer your question, there's a Free zone where the minimum share capital is AED 10,000 and there are Free zones where the share capital can be… 1 0 14 What are the types of taxes in Dubai? There's 5% value added tax and corporate tax 1 0 8 How to register a company in Dubai from Germany? Hi, There's are some jurisdictions in the UAE that doesn't require physical presence during the initial stage of company incorporation. Please visit www.virtuzone.com for further assistance. 1 0 7 What is the difference between Mainland and Free Zone in UAE? A mainland business setup in the UAE provides unrestricted access to the UAE market, allowing over 3,000 business activities, unlimited employee visas, and the ability to sponsor family and domestic staff.… 1 0 13 How to renew trade license in Dubai? Just because you were granted your Dubai trade license doesn’t mean it will be valid forever. You’ll need to renew the license every year in order to continue legally operating within the… 1 0 8 No Guides added by Virtuzone.
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