Tag: Company formation in Dubai

These UAE residents can get long-term visa

These UAE residents can get long-term visa

The decision aims to maintain the position of the UAE as a country having optimal business environment.

 The UAE Cabinet on Saturday approved the recently announced long-term visa system, which includes 10-year residency visa for investors and specialists and five-year visa for exceptional students.

The decision of the Cabinet will facilitate visas for investors, entrepreneurs, specialized talents, researchers – including their spouses and children – and create an encouraging environment for the growth of business for investors, entrepreneurs and professional talents.

The decision includes the terms and conditions for obtaining long-term visas for all the above-mentioned categories as well as outstanding students to attract talents in all vital sectors of the national economy. The visa benefits for the family ensures a cohesive social structure that will create a stimulating environment for stability and growth. Here are the categories and specifications”

These UAE residents can get long-term visa

1. INVESTORS (10-year visa)

Two categories of investors benefit from this, and the decision includes provisions to grant them the visas.

Investors in a property of a value of Dh 5 million or more will be granted a residence for five years, while investors in public investments through a deposit, an established company, business partnership of Dh10 million or more, or a total investment of not less than Dh10 million in all areas mentioned as long as non-real estate investments [ not less than 60 per cent of the total investment[ will be granted a renewable residency visa every 10 years.

The Cabinet decision outlines the following conditions for both categories:

>The amount invested shall be wholly owned by the investor and not loaned, and should be proven by supporting documents

>Investment retention for at least three years

>A standard financial liability with a financial solvency not exceeding Dh10 million

> The long-term visa could also be extended to include business partners, provided that each partner contributes Dh10 million, the spouse and the children, as well as one executive director and one advisor.

However, the decision allows investors to enter the country for a six-month period, multiple entry, to apply for the long-term visa requirements.

2. OUTSTANDING STUDENTS

The decision also includes provisions for granting a 5-year visa to outstanding students with a grade of at least 95 per cent in public secondary schools in public and private schools, and a distinction of at least 3.75 GPA upon graduation from universities within and outside the country. Benefits include families of the outstanding students.

3. ENTREPRENEURS

Entrepreneurs will be granted a 5-year visa with a possibility for upgrading to an investor’s visa provided they meet the requirements. The decision also includes the terms to grant long-term visa to two categories of entrepreneurs; having a previous project with a minimum of Dh500,000, or having the approval of an accredited business incubator in the country.

The benefits of the entrepreneurial visa include entrepreneurs, partners, three executive directors, spouse and children. The entrepreneur is allowed entry into the country for six months, multi-entry visa period, with renewal for another six months.

4 SPECIALISED TALENTS (10-year visa)

The decision also includes provisions for granting a 10-year visa for specialised talents and researchers in the fields of science and knowledge for doctors, specialists, scientists, inventors. As well as creative individuals in the field of culture and art. The visa’s advantages include the spouse and the children.

All categories are required to have a valid employment contract in a specialised in fields of priority for the UAE, and the conditions for each category are defined as follows:

>Scientists:

– To be accredited by the Emirates Scientists Council

– Holders of the Mohammed Bin Rashid Medal for Scientific Excellence.

>Creative individuals in culture and art

– Accredited by the Ministry of Culture and Knowledge Development

>Inventors

– Obtain a patent of value added to UAE’s economy with the approval of the Ministry of Economy

>Exceptional Talents:

– Those who have exceptional talents that are documented by patents or scientific research published in world-class journals

>Executives:

– Owners of leading, well-known and internationally recognised companies

– Holders of high academic achievement, professional experience, and position (Example, an engineer in a rare specialty with a university degree and working in a private company in the UAE). The inclusion of this category aims at maintaining current competencies and attract new competencies

Criterion for doctors and specialists

Requires at least 2 of the conditions mentioned below:

1. Holder of a PhD degree from one of the top 500 universities in the world

2. Holder of an award or certificates of appreciation for the work in the applicant’s jurisdiction

3. Contribution to a major scientific research related to the work of the applicant

4. Published articles or scientific books in distinguished publications in the field of work of the applicant

5. Membership in an organisation related to the work of the applicant, which requires excellent work to accept membership

6. A PhD degree in addition to 10-year professional experience in the applicant’s field of work.

7. Specialisation in areas of priority to the UAE (additional requirement for the doctor)

Strategic Business Plan for Offshore Company Formation

A determined entrepreneur must have a concrete business plan. With it, an entrepreneur knows the potential challenges in the business and providing effective business solutions. And, whenever you struggle in running your business, there is an overall direction and plan in place to follow or refer back.For startups, it is always helpful to have a company formation expert with relevant experience in strategic business planning working alongside you. They can help start your business on a positive note by recommending the most appropriate jurisdiction.

So read on. And, know the benefits of getting a formation agency with the knowledge in effective strategic plans.

 We can suggest you the best offshore registration suitable for your business and can also help you through all the legal complications that can occur in the offshore registration process.

A strategic business plan is essential for offshore company startups. Know the benefits getting a company formation agent with strategic planning skills.

Why Consult a Company Formation Agent for a Strategic Business Plan

Strategic planning can be an effective process in putting a new company abroad. Before registering a business offshore, make sure you also have better business solutions to help you in managing your company.

Always bear in mind that besides foreign companies, it is also important to consider local businesses. So, by tapping on a reliable formation specialist, you can come up with an effective business strategy. This will enable your business to outshine your competitors once you start business activities.

Now, how can you find an agent to help you create an effective strategic plan for your offshore business? Well, this guide will help you choose the right expert for your business needs.

Choosing a Company Formation Agent for Startup Business Plan Solutions

A reliable formation agency is not the only expert in registering a company. They also have the skills to provide effective business solutions, especially for offshore business startups.

Here are the top three qualities of a formation specialist that startups should look out:

Professional Knowledge and Expertise

This is the best quality of a company formation expert. They are fully aware of the local laws of the land. They know the trend and business condition of a particular jurisdiction. So, that makes them a perfect candidate to become a consultant for strategic business plan solutions.

Facilitation Skills

Since they have the knowledge and expertise in the laws and governing policies, they can easily guide you the different process of setting up a company abroad. Thus, a formation expert can immediately identify an issue and provides quick solutions.

Experience

Company formation agents have gone through the same experience as yours. Their actual experiences and interaction with the locals have honed them to become a specialist in helping entrepreneurs set up a new company. What’s more, they can easily help you find the right individuals for your corporate needs.

Get Offshoring Right With A Trusted Formation Agency

Clearly, starting a new business abroad is not all about earning more profits outside your location. It is also about providing the right product and/or service of a certain jurisdiction.

It may sound cliché. But, it would be ideal to have a strategic plan first before putting up an offshore company. So, tap on to the most trusted formation agency today.