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Financial Consultancy License in Dubai

How to Obtain a Consultancy License in Dubai, UAE?

In today’s world, expertise of any kind can be monetised. Several decades back, people relied on advice from professional networks, family, and friends for important life decisions, career paths, and business strategies. Nowadays, individuals with expertise in particular fields can set up their consultancy business in Dubai, all due to the opportunity to acquire a consultancy license in Dubai. Shuraa Business Setup provides detailed information about consultancy licenses in Dubai and the associated costs in the UAE. To learn more, continue reading.  Advantages of Establishing a Consultancy in the UAE  The benefits of initiating a consultancy in the UAE are plentiful, encompassing:  Swift Business Establishment: Acquiring your consultancy license in the UAE can be accomplished in under two hours, ensuring a rapid setup process.  Investor Advantages: The UAE provides many financial incentives, including complete foreign ownership, full profit repatriation, extensive networking prospects, and no mandatory share capital, fostering an investor-friendly environment.  Flexibility: Launching a consultancy in the UAE grants you the freedom to manage your schedule and clientele, enabling you to cater to customers globally.  Diverse Service Offerings: You can specialise in a broad spectrum of industries, ranging from education and engineering to tourism and transportation, broadening your scope of services.  Financial Feasibility: You can establish your consultancy with minimal capital investment, ensuring economic viability without compromising the quality of your services.  Growth Opportunities: Businesses in their initial stages often seek external expertise for strategy and resource management. As a local consultant, you are well-positioned to seize these opportunities, facilitating your consultancy’s growth.   Varieties of Consultancy Licenses in the UAE  For those aspiring to launch a consultancy venture in the UAE, there is a diverse array of consultancy licenses to select from. Some of the sought-after consultancy licenses in the UAE encompass:  HR Consulting  Project Management Consulting  Accounting and Finance Consulting  Business Setup Consulting  Financial Advisory  Sales and Marketing Consultancy  Strategic Marketing Consulting  Process and Operations Management Consulting  Industrial Consulting  Strategy Building Consultancy  Logistics and Shipping Consulting  IT Consulting  Engineering Consultancy  Legal Consulting  Investment Consulting  Market Research Consulting  Risk Management and Compliance Consulting  Procedure for Acquiring a Consultancy License in the UAE  Obtaining a consultancy license in the UAE involves several steps:  Document Submission: Begin by submitting your necessary documents. You can get your consultancy license in the UAE in less than two hours if approved.  E-Channel Applications: Upon approval, register and apply for your entry permit, which remains valid for up to 60 days.  Status Change Confirmation: Upon receiving your entry permit, confirm your status change to establish your consultancy officially.  Medical Test and Emirates ID Application: Undergo your medical examination and apply for your Emirates ID card. This ID enables you to open a bank account, rent property, and enter into contracts.  Residence Visa Approval: Throughout this process, Shuraa business setup advisors will provide guidance and support at every step, ensuring a smooth and successful establishment of your consultancy.  Documents Needed for License Application  The provision of advice is classified as a professional activity. Hence, you can acquire a management consultancy license in Dubai mainland, free zone, or commercial. The Department of Economic Development (DED) issues such businesses’ permits. To apply for a consultancy license in Dubai, you must prepare the following documents:  Completed Application Form: Fill out the application form and provide the necessary documents supporting your business.  Passport and Visa Copies: Submit copies of your passport and visa and those of your partners.  Passport-Size Photos: Include two coloured passport-size photos with your application.  Government Approvals: Depending on the type of consultancy firm you wish to establish, provide copies of specific approvals obtained from relevant government authorities.  Unified Number for Shareholders: If your shareholders are on a visit visa, furnish their cooperative number.  Consultancy License Cost in UAE  The consultancy license cost in UAE is between AED 15,000 and AED 30,000, encompassing both co-working spaces and the lease agreement. Nevertheless, it’s essential to consider additional expenses when obtaining your consultancy license in the UAE. For a precise and customised cost estimate tailored to your business needs, feel free to contact our approachable business advisors at Shuraa Business Setup.  Whether you’re seeking a management consultancy license in Dubai or an HR consultancy license, Shuraa is here to assist you throughout the process. Why halt your journey to obtain a consultancy license in Dubai, especially when we are offering to cover the costs of your lifetime investor visa? Reach out to us today.    FAQs  Q1. How do I get a consultancy license in Dubai, UAE?  In the digital age, expertise can be monetised, allowing individuals to establish their consultancies in Dubai. Shuraa Business Setup provides detailed information and guidance on obtaining consultancy licenses and associated costs.  Q2. What are the advantages of setting up a consultancy in the UAE?  Launching a consultancy in the UAE offers benefits such as rapid setup, investor incentives, flexible scheduling, diverse service opportunities, financial feasibility, and growth prospects.   Q3. What’s the cost of a consultancy license in the UAE?  The consultancy license in the UAE starts from AED 6500 to AED 24,500*, covering co-working spaces and lease agreements. For a precise quote tailored to your needs, contact Shuraa Business Setup. 
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Company Formation Cost in Dubai

Company Formation Cost in Dubai

Dubai stands as a coveted choice for entrepreneurs and investors globally. As the Middle East’s central business hub, the city provides exceptional global connectivity and welcomes entrepreneurs with favourable commercial laws. The strategic location and demographics make starting a business in Dubai highly lucrative.  Yet, comprehending the intricacies of company formation costs is crucial. Without proper knowledge, unexpected expenses can arise. In this blog, Shuraa Business Setup will provide a comprehensive guide on the cost of company formation in Dubai.    How to Form a Company in Dubai?  Registering a company in the UAE is meticulously structured for successful outcomes. Shuraa Business Setup is responsible for guiding you through the Company Formation Cost in Dubai process, providing unmatched support from the initial steps of document submission to obtaining essential company documents and beyond.   1. Trade Name Approval and Business Activity Selection: Begin by finalising your company name and selecting the appropriate business activity. The chosen trade name must receive approval from the relevant authority to initiate the registration process.   Shuraa Business Setup will facilitate this crucial step and coordinate the approval of your selected business activities, ensuring they align with your trade license.   2. Document Submission and Coordination:  Prepare all necessary documents and shareholder details for submission to the respective authority. Remarkably, a company can only be established with the physical presence of shareholders in the UAE.   Shuraa Business Setup expertly handles the coordination of document processing, ensuring a smooth and hassle-free company registration process within a short timeframe.  3. Application for UAE Residence Visa:  Once your company documents and trade license are approved, it’s time to apply for a UAE Residence Visa for investors. Shuraa Business Setup guides you through the application process, assisting in preparing the necessary documents, including the immigration card and residence visa application form. Our dedicated Businessmen PRO Agents ensure a streamlined visa processing experience with government authorities.  4. Residence Visa and Emirates ID Processing: To complete the residence visa application, investors must visit the UAE for a medical test and stamping of the residence visa on their passport. Shuraa Business Setup simplifies this process, efficiently coordinating the visa documentation, processing, and passport delivery. Our expert PRO Agents handle all aspects, ensuring a hassle-free experience for investors.  5. Bank Account Opening Assistance:  Shuraa Business Setup effectively collaborates with UAE banks to assist in opening corporate and personal bank accounts. While the physical presence of shareholders is necessary for corporate bank account verification due to KYC compliance, the paperwork for account opening can be handled remotely. Investors can easily combine their visits to Emirates ID and medical examinations with Dubai’s bank account opening process.   When partnering with experienced business consultants like Shuraa Business Setup, investors can access professional consulting support.   Our dedicated PRO Service Agents handle every investor’s business requirement, ensuring efficient document processing, company registration, and timely collection and delivery of essential documents. Trust us to represent your interests and act as your agent, providing a seamless and hassle-free business registration experience in the UAE.   Mainland Company Formation in the UAE  Certainly! Here are some key points summarising the information about Mainland Company Formation in Dubai:   Diverse Business Landscape: The UAE Mainland is home to many businesses, from large multinational companies to small and medium enterprises.   High Demand Sectors: Retail shops, restaurants, coffee shops, and shopping centres are in high demand, attracting global brands seeking opportunities in the UAE mainland market.   Investment Attraction: Mainland Company Registration in the UAE is a sought-after business investment due to its market potential and accessibility to a multicultural audience.   Amendments in Registration Process: Recent amendments in the Commercial Companies Law have eliminated the requirement for a local sponsor or service agent to register a Mainland Company in the UAE.   Expatriate Ownership: Mainland and Free Zone companies can now be wholly owned by expatriates in various business categories, such as commercial, industrial, and trading, except in strategic sectors like energy, banking, and Oil and gas.   Restricted Sectors: Certain sectors, such as security, defence, military activities, fisheries-related services, banks, exchange shops, and telecom services, require local partnerships due to restrictions on expatriate ownership.   Company Structures: Mainland businesses in the UAE operate under various company structures, allowing flexibility in business models and operations.   These points provide an overview of the critical aspects of setting up a company in the UAE Mainland.    Company structures in the UAE Mainland:    Limited Liability Company (LLC)  The Limited Liability Company (LLC) structure is widely recognised in mainland UAE and is preferred by investors with more than two shareholders (up to 50). LLCs offer numerous advantages for entrepreneurs in the region. In this setup, an investor’s liability is limited to the extent of their shares. LLCs can engage in various business activities, including commercial, services, and industrial sectors.  Notably, 100% expatriate ownership is allowed for specific business activities within LLCs, eliminating the need for a local UAE National Sponsor. The LLC Business Setup Cost in UAE is between AED 19,000* and AED 45,000*, depending on the license type chosen and the company structure.  Professional Company (Civil Work Company)  Professionals such as consultants, legal experts, accountants etc., can establish a Civil Work Company in mainland UAE. This option allows the owner to retain 100% ownership of the company’s shares. Registering a Civil Work Company with the Department of Economic Development (DED) in the respective emirates offers skilled professionals an efficient way to start their businesses.  The Dubai Economy provides a variety of Professional Licenses, making it an attractive choice for entrepreneurs. Key benefits include full ownership for shareholders without requiring a UAE National as a partner.  Starting a Company in a Free Zone   Registering a Free Zone Company in the UAE is simpler than forming a Mainland Company. Dubai’s Free Zones are favoured for their streamlined business setup procedures, exceptional facilities, and prospering business ecosystems.   One key benefit of setting up a Designated Free Zone Company is the lower Value-Added Tax (VAT), a significant advantage for entrepreneurs. Additionally, operating costs for Free Zone Companies are minimal, as payments for office
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Open Bank Account In UAE For Non Residents

How to open a non-resident bank account in UAE

Opening a bank account in the UAE can be a beneficial step for non-residents looking to manage their finances in this global hub of business and culture. With its strong economy, tax-free environment, and diverse range of banking services, the UAE offers many advantages for non-resident bank accounts in UAE. One of the main benefits of having a bank account in the UAE for non-residents is the convenience it offers. You can easily transfer money internationally, receive payments, and access your funds whenever you need to. Additionally, having a local bank account can make it easier to conduct business in the UAE, whether you’re buying property or starting a new business. However, it’s essential to understand that there may be some key differences between resident and non-resident accounts in terms of eligibility requirements, features, and fees. Therefore we are here to guide you through opening a bank account in the UAE as a non-resident. We’ll explore the benefits of having a UAE bank account and the potential differences between resident and non-resident accounts. Non-Resident vs. Resident Bank Accounts The main differences between resident and non-resident bank accounts in the UAE lie in the types of accounts offered, interest rates, fees, and available features. Resident Accounts Account Types: Residents can open checking accounts, savings accounts, and fixed deposit accounts. Interest Rates: These accounts typically offer higher interest rates than non-resident accounts. Benefits: Banks may offer benefits and fee waivers to residents, such as lower minimum balance requirements or free debit cards. Features: Residents can access a wider range of features, including cheque books, overdraft facilities, and loans. Non-Resident Accounts Account Types: Non-residents are generally limited to savings accounts and fixed deposit accounts. Interest Rates: Non-resident accounts typically offer lower interest rates than resident accounts. Features: Non-resident accounts may have limited features compared to resident accounts. For instance, cheque books and overdraft facilities are usually not available for non-residents. Benefits: A non-resident account allows foreign investors to conveniently hold and manage funds earmarked for UAE investments, simplifying transactions and currency exchange. Non-resident accounts often allow you to hold and transact in multiple currencies. This is a significant benefit for managing international business transactions and reducing foreign exchange fees. The best type of account for you depends on your residency status and banking needs. If you live in the UAE and plan to use your bank account regularly, a resident account is the way to go.  However, a non-resident savings account can be a valuable tool for foreign investors and entrepreneurs looking to establish a financial foothold in the UAE and manage international business. Types of Bank Accounts Available for Non-Residents in the UAE Non-residents in the UAE can typically open the following types of bank accounts: 1. Savings Accounts These accounts allow you to deposit and withdraw money easily. They may offer interest on your balance, but the rates are usually lower than those offered on resident accounts. 2. Fixed Deposit Accounts These accounts allow you to deposit a lump sum of money for a fixed term. You will typically earn a higher interest rate on a fixed deposit account than on a savings account. However, you will not be able to access your money until the term is over. Eligibility Criteria to Open Non-Resident Bank Account in UAE The eligibility criteria to open a bank account in the UAE for non-residents can vary depending on the specific bank, but here are the general requirements: Valid Passport Proof of Address Visa (if applicable) Bank Recommendation Letter Minimum Deposit If you are from a country that is considered high-risk for money laundering or other financial crimes, you may face a more stringent application process and additional documentation requirements. Typically, non-residents must visit a bank branch in person to apply for an account. While some banks might allow online applications for residents, it’s less common for non-residents. How to open a non-resident bank account in UAE Here’s a step-by-step process for opening a non resident bank account in UAE. 1. Research and Choose a Bank Research different banks in the UAE and compare the types of non-resident accounts they offer, interest rates, fees, and minimum balance requirements. Popular choices include Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), and Mashreq Bank. Look for accounts that allow multiple currencies for transactions and investments. This is crucial for managing international business. 2. Gather Required Documents Ensure you have the necessary documents: Valid passport (original and copy) Proof of address (utility bill, bank statement, tenancy agreement) not older than 3 months from your home country Business documentation (trade license, company registration documents, or proof of ownership in a UAE-based company) Visa copy Bank reference letter from your home country Recent bank statements (past 3-6 months) Curriculum Vitae (CV) Minimum deposit amount (varies by bank and account type) 3. Visit the Bank Branch (usually required) Visit the bank with the required documents. Ensure that all documents are in English or Arabic; if not, get them translated by a certified translator. 4. Fill Out the Application Form Complete the bank’s application form to open a non-resident account. Choose the type of account you wish to open (savings, current, or fixed deposit). 5. Initial Deposit Most banks require a minimum deposit to open the account. The amount varies depending on the bank and the type of account. 6. Account Activation You will receive your account details, including your account number and IBAN. Upon approval, you may need to visit the branch again to finalize the account opening and receive your debit card. Consider opening an account in a UAE Free Zone if you’re establishing a company there. Free zones may offer additional benefits and streamlined processes for foreign businesses. Timeline and Fees The processing time for account approval can vary depending on the bank and your situation. In most cases, it takes 1-3 business days for a standard non-resident account application. Some banks might charge a one-time fee for opening the account. This fee can
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real estate license cost in Dubai

What is the Cost of Opening a Real Estate Brokerage in Dubai?

With several investors wanting to venture into the real estate business in Dubai, many are surfing to know the cost of opening a real estate brokerage, including the real estate license cost in Dubai. The real estate business is a hot-cake business with a 100% return on investment. Due to the world-class infrastructure and stable economy, foreign investors seek a way to settle in Dubai. This skyrockets the need for real estate in UAE to harbour a vast population of people flocking to Dubai. Gaining awareness of the real estate license cost in Dubai brings you closer to initiating a real estate business in the UAE. That means; familiarizing yourself with the cost of opening a brokerage firm in Dubai will propel you to start your brokerage firm, right? Starting a brokerage firm may compel you to acquaint yourself with little tidbits of information on how to go about it. In this article, we will walk you through everything you need to know about real estate brokerage business and real estate license cost in Dubai. Therefore, you’ll need a real estate license, hiring agents, a business plan, and securing funds before setting up your brokerage firm in UAE. Why do you need 100% UAE local ownership for real estate brokerage business in Dubai? Establishing a real estate brokerage enterprise in Dubai has taken a significant stride forward, thanks to the recent regulatory changes. Under the previous regulations, foreign investors were limited to a maximum ownership stake of 49%, with the remaining 51% mandated to be held by local Emiratis. However, the landscape has shifted, and Dubai’s government has implemented a groundbreaking policy alteration – permitting 100% foreign ownership of such ventures. Despite this promising evolution, it’s surprising how some potential investors remain uninformed about these pivotal modifications. There lingers a sense of uncertainty and skepticism regarding the current legal framework governing real estate brokerage businesses. Uncertainty has led to misconceptions, with some even opining that achieving complete ownership of a real estate company in Dubai is an intricate and arduous endeavor. The past scenario, where UAE residents retained exclusive ownership of real estate brokerage firms with full rights, indeed cast a shadow of hesitation among potential entrepreneurs, preventing them from embarking on such ventures. However, this is a juncture that beckons for action, an opportune moment to seize the reins and establish your very own real estate agency within the vibrant realm of Dubai. The prospects for success are now more alluring than ever before, as the barriers to entry have been dismantled, allowing you to carve your path in this burgeoning industry without delay. Benefits of opening a real estate brokerage in Dubai There are numerous advantages to establishing a real estate brokerage enterprise in Dubai. In this context, we have outlined the key benefits. 1. Low-Income Tax The topmost benefit of opening a real estate brokerage business in Dubai is that you have to pay a very low income tax. Moreover, Dubai charges a 9% tax on a company’s profits if the revenue is more than 375,000. 2. High-Standard Lifestyle Another advantage of running a real estate company in Dubai is that you may live a wealthy lifestyle. It’s also not just you who gets to experience it. You can also establish plans for your family. However, you will need to apply for a family visa. 3. Consistently Growing Economy When you buy real estate, particularly abroad property, you are investing in more than simply a house or a plot of land. You are ultimately investing in the Dubai economy. And, because Dubai’s economy is continually increasing, starting a real estate brokerage firm in Dubai can only benefit you in the long term. 4. High Returns on Rents In the Golden City, the rental return is at least 5.82%. That is precisely why Dubai is one of the top locations for property investors. Furthermore, investors benefit from a steady and consistent cash flow. Second, the Dubai real estate market is expected to skyrocket in the next few years. So, now is the time to learn about the costs of establishing a real estate agency in Dubai. Steps of starting a real estate brokerage in Dubai When you know the right process, becoming a real estate broker in the UAE is straightforward. The subsequent instructions outline the necessary steps to gain a comprehensive understanding of becoming a real estate agent and obtain a real estate agent license in Dubai: 1. Name Approval You need to decide on a name for your real estate brokerage in Dubai. At a minimal fee, you have the option to select either an Arabic or an English name. The name must follow the guidelines put forth by the Department of Economic Development (DED). 2. Initial Approval + Tasheel Obtain the necessary authorization from the Department of Economic Development (DED) and acquire the relevant documentation from Tasheel in order to commence a real estate brokerage in Dubai. 3. Memorandum of Association At this stage, the Memorandum of Association (MOA) must be typed following the UAE commercial law and the Department of Economic Development (DED) protocols. Finally, notarising the MOA is crucial. 4. Real Estate Brokers Registration To establish a real estate brokerage firm in Dubai, certification by the Real Estate Brokers Registration (RERA) is mandatory for the real estate broker or agent. It is crucial to undergo the RERA Exam and obtain the Broker ID. Obtaining an RERA license in Dubai involves the following steps – Getting a residence visa under the company Apply for certified training with RERA for real estate brokers Attending the classes held at the opted RERA training centre Writing the RERA exam Obtaining the license and certification 5. Good Conduct Certificate The Good Conduct Certificate is issued by Dubai Police and is intended for the Real Estate Regulatory Agency. 6. Dubai Land Department Approval Opening a real estate brokerage in Dubai requires the Dubai Land Department’s (DLD) approval. The Dubai Land Department operates as the governing body tasked with
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Benefits of a Freelance Visa in Dubai

What Are the Benefits of a Freelance Visa in Dubai?

In a rapidly evolving world of work, the concept of freelancing is becoming increasingly popular around the world. With the freedom to set their own schedules, choose projects that resonate with their expertise, and work from virtually anywhere, freelancers are shaping the future of work.  In line with this trend, Dubai has emerged as a hub for freelancers. A freelance visa in Dubai is a type of visa that allows you to live and work in Dubai as a self-employed person.   The number of freelancers in the world is expected to reach 1.1 billion by 2025. And the Middle East is one of the fastest-growing regions for freelancing. So, if you are considering working as a freelancer in Dubai, you should know the various benefits of obtaining a freelance visa in Dubai and how it can unlock a world of possibilities for your freelancing career.  But first, let’s understand what exactly a freelance visa in Dubai and what is the procedure of getting it.  What is a Freelance Visa in Dubai?  A freelance visa in Dubai is a type of visa that allows you to live and work in Dubai as a self-employed person. The freelance visa does not require a local sponsor or to be hired by any company in the UAE.  It is specifically designed for those who want to work independently and provide their services on a freelance basis.  It is a relatively new visa, introduced by the Dubai government in 2023. This visa provides individuals with the flexibility to choose their own clients and projects, allowing them to work on a variety of different projects and expand their professional network.  Whether you’re a writer, designer, developer, or any other type of freelancer, a freelance visa in UAE can open up new opportunities and allow you to thrive in your chosen field.  What Is Allowed with a Dubai Freelance Visa?  Here are some of the things that are allowed with a Dubai freelance visa:  You can work as a self-employed person in any field that is eligible for the visa.  You can work for individuals or businesses, both in Dubai and internationally.  You can charge for your services.  You can sponsor your family members to live and work in Dubai with you.  You can travel freely in and out of Dubai.  You can open a bank account in Dubai.  Here are some of the things that are not allowed with a Dubai freelance visa:  You cannot work for a local company in Dubai.  You cannot employ other people.  You cannot start a business in Dubai.  You cannot sponsor other people for visas.  Application Process and Required Documentation  The process of obtaining a freelance visa in Dubai is designed to be thorough and efficient, ensuring that skilled individuals who can contribute to the city’s economy are granted this opportunity.  Here are the key steps involved in the application process along with the required documentation:  Step 1: Check your eligibility  Be sure to check the eligibility criteria set by the Dubai government. This typically includes having relevant qualifications and experience in your field of expertise. The list of eligible fields is updated regularly, so you should check with the Dubai government for the latest list.  Step 2: Gather the required documentation  The required documentation for a freelance visa application in Dubai includes:  A valid passport.  A recent passport-sized photograph.  A copy of your business license.  A letter from your bank stating your annual income.  A clean criminal record.  An English proficiency test certificate.  A medical fitness certificate.  Step 3: Apply for a freelance permit  The application process is quite simple and can be submitted online. You will need to provide the following information:  Your personal details  Your business details  Your academic qualifications  Your work experiences  Your portfolio (if applicable)  Once your freelance permit is approved, you can apply for a freelance visa. The application process for a freelance visa is similar to the application process for a regular visa.  Step 4: Apply for the visa  You can apply for a freelance visa online or through a visa agent. The application process is relatively simple and can be completed in a few weeks.  Step 5: Visa Renewal  Freelance visas are usually issued for one to five years and can be renewed upon expiration by following a similar process, including updating your freelancing plan and providing updated documentation.  Also, keep in mind that the freelance visa cost in Dubai varies depending on the type of visa and the length of stay. There may be other fees associated with the application process, such as the cost of medical examinations and translations. However, the total cost of a freelance visa in Dubai can be anywhere between AED 10,000 and AED 25,000, but these costs are subject to change.  If you are interested in obtaining a freelance visa in Dubai and want to know the actual freelance visa cost in Dubai, you should contact a visa consultant like Shuraa.  7 Benefits of Obtaining a Freelance Visa in Dubai  There are many benefits to getting a freelance visa in Dubai. Here are some of the most notable benefits:  Flexibility and Independence Freelancers are known for their love of independence, and a freelance visa in UAE offers just that. One of the primary benefits is the ability to work on multiple projects simultaneously.  Additionally, you have the freedom to set your own schedule, making it easier to maintain a work-life balance that suits your needs.  No need for a local sponsor One of the biggest benefits of a freelance visa is that you do not need a local sponsor. This means that you can apply for the visa on your own, without having to find a company in Dubai to sponsor you.  0% personal income tax Dubai has a zero-percent personal income tax, which means that you will not have to pay any taxes on your income. This can be a significant savings, especially if you are used to paying high taxes in your home
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Free Zones in Dubai

A Complete Guide to Free Zones in Dubai

Dubai is known for its booming economy and business-friendly environment, and one of the key factors contributing to its success is the establishment of free zones. Wondering what they are and why they matter so much in Dubai’s dynamic business world?  Free Zone in Dubai are designated areas where businesses can operate with certain tax benefits and incentives. If you’re considering starting a business in Dubai, understanding the free zone system is crucial.  In this comprehensive guide, we’ll take you through everything you need to know about Dubai free zones, from the types of businesses that can operate within them to the advantages of setting up in a free zone.  We’ll also explore the different free zones available in Dubai and highlight some of the key industries they specialize in. So, let’s dive in and explore the world of free zones in Dubai!  What are Free Zones?  Dubai Free Zones are special economic zones located in Dubai, United Arab Emirates (UAE). They are set up to attract foreign investment and businesses by offering a number of benefits including – 100% foreign ownership, tax exemptions, simplified regulations, and strategic location.  These specialized zones are like miniature economic powerhouses within the city, each with its own distinct set of rules and regulations designed to attract both local and international businesses.  Imagine a place where paperwork is streamlined, bureaucratic red tape is minimal, and innovative ideas find a nurturing environment to flourish. Dubai’s free zones offer just that and more.  Benefits of Setting Up in Dubai’s Free Zones  1. Tax Advantages Dubai’s free zones offer a number of tax advantages that can significantly benefit businesses. There is little to no corporate tax or personal income tax on profits or salaries earned by employees of free zone companies. Free zone companies are also exempt from import and export duties, which can save businesses money on the cost of raw materials and finished goods.  2. Simplified Import and Export Procedures The simplified import and export procedures in Dubai’s free zones can be a major advantage for businesses that are looking to reduce their costs and improve their efficiency. Goods can be cleared through customs more quickly in a free zone than in the UAE’s mainland.  Businesses engaging in international trade find themselves in an environment where the movement of goods flows effortlessly. This not only translates to saving time and reduced costs but also enhances the overall competitiveness of businesses operating within the free zones.  3. 100% Ownership Starting a business within a Dubai free zone offers the distinct advantage of retaining complete ownership over your enterprise. Within the free zone, the necessity for a local supporter to initiate your business is entirely eliminated. The establishment of a business solely by yourself entails minimal complexities.  4. Abundant resources Dubai has a number of resources that can be beneficial to businesses, such as a large pool of skilled labor, a modern transportation infrastructure, and a reliable telecommunications network.  5. Modern Infrastructure Free zones in Dubai have modern infrastructure, including office space, industrial parks, and logistics facilities.  6. Supportive services Free zones offer a range of support services to businesses, such as business consulting, training, and marketing assistance. 7. Global Business Hub Free zones position Dubai as a premier global business hub, providing a strategic base for companies to access regional and international markets.  8. Easy company formation The process of setting up a company in a free zone is relatively simple and straightforward as compared to Dubai mainland.  List of Dubai Free Zones  Dubai has a wide range of free zones, each with its own unique set of benefits and offers. Here is a list of the most popular free zones in Dubai.  Airport free zones:  Dubai Airport Free Zone (DAFZA)  Dubai South  Commercial free zones:  Dubai International Financial Centre (DIFC)  Dubai Multi Commodities Centre (DMCC)  International Free Zone Authority (IFZA)  Manufacturing free zones:  Dubai Industrial City  Jebel Ali Free Zone (JAFZA)  Media-free zones:  Dubai Media City (DMC)  Technology-free zones:  Dubai Silicon Oasis (DSO)  Why Choose IFZA Free Zone for Your Business Setup?  IFZA is located in the heart of Dubai city, close to Dubai International Airport and the Dubai World Trade Centre. It is a well-connected area with excellent transportation links.  IFZA is one of the most popular commercial free zones in Dubai. It offers a wide range of business licenses, as well as the ability for foreign-incorporated companies to register a branch at IFZA. It supports business needs beyond company formation within its unique ecosystem.  This includes corporate training, corporate banking assistance, health insurance coverage, commercial real estate, office design and more.  If you are considering setting up a business in Dubai, IFZA is a good option to consider. It offers a number of benefits that can be attractive to businesses of all sizes.  Steps to Set Up a Business in Dubai Free Zones  Setting up a business in Dubai’s free zones involves several steps. Here’s a step-by-step procedure to guide you through the process:  1. Choose the Right Free Zone  Research and select the most suitable free zone based on your business activity. Each free zone has its own specialization, so choose one that aligns with your industry.  2. Choose a business structure  You will need to choose a business structure for your company. The most common business structures in Dubai free zones are limited liability companies (LLCs) and branch offices.  3. Choose a Trade Name  Select a unique trade name for your business that adheres to the free zone’s naming regulations. Ensure the name reflects your business activity and isn’t already registered.  4. Obtain the necessary approvals  You will need to obtain the necessary approvals from the free zone authority and the UAE government. This may include a trade license, a visa for the owner(s) of the business, and a health certificate for the employees.  5. Open a bank account  You will need to open a bank account in Dubai for your business. This will allow you to receive payments and
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Moving to Dubai from the UK

Moving to Dubai from the UK

Moving to Dubai from the UK can be an exciting and life-changing decision. With its luxurious lifestyle, tax-free income, and endless opportunities, Dubai has become a popular destination for UK residents looking to make a fresh start. Whether you’re moving for employment, to start a business, or to invest in the booming real estate market, Dubai offers something for everyone.  However, making such a significant move requires careful planning and understanding. One of the key aspects to consider when planning a move to Dubai is understanding the visa options available to UK residents. The type of visa you obtain will determine your eligibility to live and work in Dubai. From employment visas to investor and business visas, the options can be overwhelming.  Therefore, we are here to explain everything you need to know about moving from UK to Dubai. But first let’s explore the advantages of moving to Dubai from UK.  Why Move to Dubai? Dubai has become a popular destination for expats, including those from the UK. Here are some of the key benefits and opportunities that attract people to move there:  1. Tax-free Income  One of the biggest draws is the absence of personal income tax. This means you get to keep more of your earnings.  2. High Earning Potential  Many industries in Dubai offer competitive salaries, especially in finance, technology, and real estate.  3. Double Taxation Agreements  The UAE has signed double taxation agreements with several countries, including the UK, to prevent businesses from being taxed twice.  4. Free Zones  These specialized economic zones offer 100% foreign ownership, tax benefits, and streamlined regulations.  5. Luxurious Lifestyle  Dubai is synonymous with luxury. The city offers a luxurious lifestyle from high-end shopping to world-class dining and entertainment.  6. Real Estate  Dubai’s real estate market offers high returns on investment, with opportunities in the residential, commercial, and hospitality sectors.  How to get a visa for Dubai? The type of visa you need depends on your reason for moving to Dubai. Common visa types include:  1. Employment Visa  Dubai has become a popular destination for UK expats seeking new career opportunities. Its tax-free income, vibrant lifestyle, and growing economy make it an attractive option. However, it’s essential to understand the process and requirements before making the move.  An employment visa is a permit that allows a foreign national to work in Dubai for a specific employer. It’s typically sponsored by the employer, who handles the visa application process on behalf of the employee. Obtaining an employment visa is a prerequisite for working legally in Dubai.  Steps to Move to Dubai for Employment:  Secure a Job Offer: Utilize online job portals, networking, or recruitment agencies to find suitable positions. Ensure the job offer includes visa sponsorship details.  Visa Process: Your employer will typically handle the visa application. Required documents may include passport, medical fitness certificate, no criminal record, employment contract, and passport-sized photos. Visa types vary based on employment terms.  Accommodation: Research accommodation options (renting or buying) based on your budget and location preferences. Consider factors like proximity to work, amenities, and community.  2. Investor Visa  Dubai offers investor visas to individuals who meet specific investment criteria. This visa allows you to live and work in the UAE without the need for a local sponsor. It’s a popular option for entrepreneurs and high-net-worth individuals seeking to establish a presence in the region.  Investment Options:  Property Investment: Dubai offers a wide range of property options, from residential to commercial. Investing in real estate can provide long-term returns and a stable income.  Business Investment: Starting your own business or investing in an existing one can be a lucrative option. Dubai’s business-friendly environment makes it an attractive destination for entrepreneurs.  Government Funds: Investing in government-backed funds or projects can offer attractive returns and potential visa benefits.  3. Student Visa  A student visa allows international students to study at accredited universities and higher education institutions in Dubai. To obtain a student visa, you’ll need to secure admission to a recognized educational institution.  Eligibility for a Student Visa  To be eligible for a student visa, you typically need:  A confirmed offer of admission from a Dubai-based university or college.  Evidence of sufficient funds to cover tuition fees, accommodation, and living expenses.  Valid Passport with a certain period of validity remaining.  Proof of comprehensive health insurance coverage.  Proof of secured accommodation, either on-campus or off-campus.  4. Retirement Visa  Dubai has become an increasingly popular choice for retirees seeking a luxurious and comfortable lifestyle. The UAE government introduced a retirement visa to cater to this growing demographic.  Eligibility for a Retirement Visa  To qualify for a retirement visa, you must meet one of the following criteria:  Be at least 55 years old.  Have worked at least 15 years, either inside or outside the UAE.  Own property in Dubai is worth at least AED 1 million.  Have financial savings of at least AED 1 million.  Have a monthly income of at least AED 20,000 (AED 15,000 for Dubai).  5. Family Visa  A Family Visa allows a resident of the UAE to sponsor their dependents to live with them in the country. This visa category is specifically for spouses, children, and parents.  Eligibility for a Family Visa  To sponsor a family member for a Dubai visa, you must:  Hold a valid UAE residency permit.  Minimum salary of AED 4,000 per month with accommodation or AED 3,000 per month plus accommodation, for male expats.  Minimum salary of AED 10,000 per month with accommodation or AED 8,000 per month plus accommodation, for female expats.  Valid documentation proving the relationship (marriage certificate, birth certificates, etc.) is required.  6. Green Visa  The UAE recently introduced the Green Visa as a more flexible and independent residency option compared to traditional employment visas. It’s designed for skilled professionals, freelancers, and self-employed individuals.  Eligibility for a Green Visa  To qualify for a Green Visa, you must meet one of the following criteria:  Skilled Employee: Hold a bachelor’s degree or equivalent, be employed in a specific occupation level,
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Doing Business in the UAE

Doing Business in the UAE

Doing business in UAE has never been more attractive than it is now, with Dubai offering numerous opportunities for foreign investors to set up various types of companies. Dubai’s diversification of its economy means that the city’s growth prospects are strong, with oil production accounting for less than 1% of its total GDP.   The city’s commitment to doing business in UAE is reflected in the significant increase in the number of business licenses issued, which rose to 45,653 in the first half of 2022, a 25% increase from the previous year. This growth is driven by a variety of factors, including business-friendly government policies, taxation, and infrastructure. For international investors, registering a corporation in Dubai can be particularly beneficial, making it a great area to establish a business and take advantage of all that the UAE has to offer.  According to the explanation above, doing business in UAE, and registering a corporation in this city may be very beneficial for business owners, particularly international investors.  Why Doing Business in Dubai?  Dubai and the United Arab Emirates are extremely inviting and helpful business environments. In fact, approximately 20,000 new businesses have been established in Dubai alone last year. Unsurprisingly, many of these were registered by foreign business owners. Foreign nationals make up between 80% and 90% of the UAE employment.  There are several compelling reasons why thousands of enterprises from all over the globe want to start doing business in the UAE. The primary advantages are as follows:  1. Business-friendly Regulatory Environment  The Dubai government has quickly adapted the technology for establishing a business in Dubai. The business registration procedure is simple and may be finished in a few days. There is minimal paperwork, and the procedures are simple to follow.  2. 100% Foreign Ownership  Certain revisions to the UAE Commercial Companies Law were made in 2021, allowing foreign investors to hold 100% of their enterprises in the UAE. This enables for more than half of all economic activity in Dubai, where foreign investors are permitted to possess 100% of the company.  3. Availability of more than 40+ Free Zones  Investors can establish their businesses on the Mainland or in Free Zones. Dubai has around 40+ Free Zones to select from for entrepreneurs and investors. Setting up a firm in a Free Zone gives the investor complete control of the company. It also provides for the full repatriation of earnings and cash invested. It also provides the investor with the possibility to work with other companies in the same sector.  4. Tax Benefits Offered by the Government  One of the primary advantages of incorporating in Dubai is that the firm is exempt from paying taxes. In Dubai, there are no business or personal taxes. However, a few enterprises must pay GCC VAT at a rate of 5% on specific commercial activity.  5. Strategic and Advantageous Geographic Location  Dubai is strategically located at a crossroads that connects the north, south, east, and west. UAE one of the world’s largest re-export hubs. It boasts one of the world’s busiest airports and seaports, as well as one of the most efficient logistical infrastructures. It is also one of the most significant tourist spots on the planet.  6. Developed Infrastructure  Dubai is one of the most advanced cities in Central Asia, with one of the greatest infrastructures in the world. Its infrastructure is constantly growing and provides good public transit, telecommunication, terminals, and so on. Dubai also hosted Dubai Expo 2020 and FIFA world cup during which substantial developments in Dubai’s overall infrastructure were achieved.  7. Regulatory Body/Authority for Company Registration in Dubai  The Registrar of Companies is the primary regulatory entity in Dubai for business creation. It is the governing body where new business registration applications are lodged. It is the location where businesses must file the necessary paperwork and registrations.  Company Registration Process   Following is the process of Establishing a business in the UAE:  1. Choose Business Structure The applicant must first choose the best business structure for the organization. An LLC, Branch Office, Free Zone Company, or Trade Representative Office are some of the structures that can be used. The number of shareholders, commercial activities engaged, and financial requirements of the firm all influence the choice of an appropriate business structure.  2. Register Company Name  The following step is to reserve a company name. This is the name under which the company will conduct its operations. The applicant should check the availability of the requested name with the UAE Department of Economic Affairs or the relevant Free Zone Authority. The applicant must check that the chosen name is not already in use by another company and is in accordance with local legislation.  The chosen/desired name for the firm should have the following elements:  Not to breach public morale or undermine the country’s public tranquilly.  Be consistent with the company’s legal structure.  Have not previously been registered  Must be consistent with the type of commercial activity carried out by the organisation.  Neither the name of any religion, the governmental authority, nor the names or logos of any external bodies are included.  It should not be contentious, disrespectful, or offensive.  When the names of the entrepreneurs are chosen as the business’s trade name, they should represent their complete names rather than nicknames.  3. Apply for a Business License  After selecting and reserving a name with the relevant government, the applicant should apply for a business license based on the commercial activities that the firm wants to engage in in Dubai. The business license is the legal instrument that authorizes its holders to carry out specified business operations. Listed below are the many types of licenses:  Commercial License:  Trading businesses must get a commercial license in order to conduct their business legally.   Industrial License: Businesses that participate in manufacturing and industrial operations must get an industrial license.  Professional License:  Service providers, technicians, and artists need to get a professional license.  4. Choose the Location The decision about the location of your office might be game-changing for your
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Moving Your UK Business to Dubai

How to Move UK Business to Dubai?

Dubai provides fantastic company and job opportunities, state-of-the-art infrastructure, and a luxurious lifestyle. If you’re ready to work hard and be committed, it’s one of the Middle East’s most vibrant cities and an excellent location to start a family. The issue of how to relocate your UK company to Dubai is still open.  Moving UK Business to Dubai is a thrilling move that may lead to new possibilities. This guide will take you through all the steps required to make your transfer happen, whether you’re looking for a shift or want to try something new.  Why Should You Move UK Business to Dubai? The most developed and popular Emirate of the UAE is Dubai, and the city is a great location to live, work, and have fun. There are top-notch facilities, a lot of business opportunities across various industries, and a high standard of living available. Let’s briefly go over some convincing arguments for moving UK Business to Dubai.  1. Regulations Are Designed for Empowering Business  Government plays a significant part in any company’s capacity to thrive and attain sustainability. The municipal governments in the UAE have put in place laws and policies that are favorable to industry. For instance, foreign nationals seeking to incorporate a company in Dubai can do so in as little as two weeks, in some instances less.  Even so, setting up a business in Dubai can take some time, particularly if you’re not acquainted with the rules regarding ownership arrangements and incorporation. Therefore, hiring a representative is always a good option for fast business creation and flexible immigration.  2. Access to a Large Talent Pool  It should come as no surprise that the UAE has one of the world’s biggest talent groups, making the choice to establish a business in Dubai sensible, particularly if you intend to launch local operations. Professionals from all over the world—both experienced and unskilled—flock to Dubai in search of work.  It’s fair to say that you will almost certainly find skilled labor and staff members who are eager to learn more so they can advance in their careers and become better at what they do. A growing group of highly educated workers also graduate from colleges in the United Arab Emirates.  3. Stable Economy & Visionary Government  There is no reason why you should pass up the chance to join the UAE’s varied and self-sufficient economy, which is home to nearly all of the world’s largest businesses. This is largely attributable to the government of the United Arab Emirates, and specifically the government of Dubai, fulfilling its pledges of wealth and livelihood.  Numerous company models are thriving in the area as a result of the expanding populace and local demand. To ensure that the highest industry standards are reached, specialized zones and industrial regions are strictly controlled. This explains why the UAE is known for setting benchmarks for excellence in a variety of sectors, including shopping, FMCG, and finance.  4. Lucrative Investment Opportunities  This means that UK companies moving to Dubai can take advantage of the government’s assistance in locating and gaining access to lucrative funding possibilities across various sectors. With the aid of these plans, businesses can find prospective investments that complement their objectives and strategies and gain access to the money and other resources they need to launch successful enterprises.   Additionally, the government’s dedication to fostering domestic company expansion and foreign investment has produced a favorable business climate that is supportive of success. Overall, Dubai is a highly appealing location for UK companies looking to grow their operations and enter new markets due to its support services and access to investment possibilities.  5. Free Zone Benefits  Starting a company in one of the 40+ free zones in the UAE entitles you to full tax exemptions on revenue from withholding, exports, corporations, and individuals. Additionally, you are free from paying corporate taxes for 50 years following the formation of your business.  One of the main benefits of relocating to a free zone may be the ability to retain total foreign control while out of the nation. Choosing to establish a company in Dubai requires careful consideration, particularly if you choose to incorporate in a free zone. You can make a reputation for yourself in the industry with the proper company structure, strategic business consulting, and assistance from registration to operation.  Setting up a business in Dubai from UK After Move UK Business to Dubai, you’ll probably want to start a company. But doing business in Dubai demands thoughtful planning and a methodical strategy. The actions you need to perform are as follows:  1. Choose a Field When Planning to Move to Dubai  You must choose between a professional service, a trading business, or an industrial activity. You must select the company that best suits your abilities and Dubai. You might need to meet extra licensing requirements or certifications depending on your chosen business.  2. Choose your Business Location  Generally speaking, you will have choices for where to locate your business: a free zone or the mainland.  Free zones: Free zones are unique economic zones in Dubai where companies can take advantage of a number of financial and regulatory advantages. They are perfect for international businesses that want to launch their operations swiftly and simply.  Mainland: If you choose the mainland, the UAE’s commercial rules and other government policies will apply to your company. Al Barsha, Jumeirah Lake Towers, and Business Bay are just a few options among many in Dubai.  Each choice has a unique collection of benefits and drawbacks. Before selecting a place, it is crucial to thoroughly weigh your options and business requirements.  3. Define the company structure  Before you begin the process of establishing a business in Dubai, you must determine the structure of the firm. The most prevalent legal forms are Free Zone Companies and Limited Liability Companies (LLC). While foreign investors can own 100% of an LLC, 51% of UAE citizens and 49% of LLCs in free zones are held by foreign investors.  4. Naming and initial approval 
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Business Visa in Dubai

Business Visa in Dubai

Start your business effortlessly in the United Arab Emirates (UAE) from the UK with Shuraa, your go-to expert for getting a Business Visa in Dubai. A UAE business visa is a type of residence permit that enables foreign nationals to live there for a set period of time. A business visa in UAE has numerous advantages, but the main one is the ability to extend your stay. The requirement for a longer stay is necessary for the efficient conduct of business in the city.  The influx of tourists, who later become residents and investors, has a direct influence on the emirate’s economic development. As a consequence, company owners who possess an investor visa may efficiently manage the complexities of their day-to-day operations.  Benefits of a UAE Business Visa   The UAE government wants to establish Dubai as a premier location for international business development. As a result, many international residents eager to establish themselves in Dubai have been drawn to the area throughout time. Furthermore, the prospect of long-term residence in Dubai gives potential investors in the Dubai economy a sense of security and stability.  You will receive a lot of advantages to support the expansion of your business once you obtain your Business Visa in Dubai. Among them are:  1. Access to a Modern, Fast-moving Economy:   The UAE has one of the most active and varied economies in the Middle East, with strong infrastructural development, rapid economic growth, and a welcoming corporate environment. With a UAE business visa, you can take advantage of the various opportunities accessible in this fast-moving industry.  2. Liberal Tax Policies:   In most circumstances, there is low corporate tax and low personal income tax in the United Arab Emirates as compared to other Countries. This makes it a desirable location for companies wishing to reduce their tax liability and increase their earnings.  3. Network in a Business-positive Environment:   With many international business owners and investors, the UAE is home to a bustling business community. This is a fantastic chance to connect with and work together with like-minded people and companies.  4. Crucial Global Connectivity from the UAE to Other Nations:   The UAE has strong access to markets throughout the world thanks to its strategic location at the intersection of Asia, Europe, and Africa. Because of this, it’s the perfect place for companies trying to diversify their customer base and access new markets.  5. Long-term Residency Options Available:   With a UAE business visa, you may be eligible for long-term residency options, including the option to apply for a 2-year residency visa. This provides greater stability and security for you and your family and makes it easier to conduct business in the UAE over the long term.  Business Visa in Dubai: Requirements for UK Entrepreneurs The Federal Authority for Identity & Citizenship (ICA) has established requirements for anyone applying for UAE business visas, stating that they must:  Age: 18 years and above You must possess a passport valid for at least six months from the country of residence..   Display a copy of your license or other appropriate documentation.   Provide a copy of the company trade license and, if applicable, the business registration certificate.   Entrepreneurs can apply for a business visa in Dubai after the relevant conditions have been satisfied.  Types of UAE business visas   For entry and stay, prospective investors in the UAE need a business visa. They mostly fall under the visit visa and residency visa categories.  1. Visit visa  They are either single-entry or multiple-entry visas for the UAE, and both are helpful for traveling for business, attending conferences, and researching investment prospects there. Citizens of more than 80 countries can enter the Emirates with a visa on arrival. Types of visit visas:  Single-entry   Multi-entry   2. Residence visas    People who desire to go to the UAE are given these. The candidates must either be entrepreneurs with demonstrable experience or business owners operating in the United Arab Emirates. These visas allow the holder to remain in the UAE for the duration of its validity, which can be 2, 5, or 10 years. Types of residence visas:  Sponsored: Mainland Visa or free zone visa, depending on where the firm is located  Self-sponsored: Green or Golden visas ar available for business owners, shareholders, and executives.   The applicant must first successfully get an electronic entry permit in order to obtain a UAE resident visa. (e-visa). They must pass their medical exams, submit their residency permit application, and provide their biometrics, and other necessary documents during this time. You will then obtain your residency visa as an Emirates ID card upon clearance.    Difference Between Sponsored and Self-sponsored Visas   Prior to 2022, all other visas—aside from the Golden Visa—required a UAE sponsor. It could be a business, a resident, or a citizen. The most recent UAE revisions include two new additions: the Green visa and the self-sponsored visit visa.  The gdrfad.gov.ae website, an ICP customer happiness center, or an Amer center are only a few of the options available for applying for visas to Dubai and the other Emirates.    Documents Required for Business Visa in Dubai Correctly filled out the application for a UAE visa.  Copy of valid passport, which must be valid for at least six months   Two recent passport-size photographs with white backgrounds.   Employer’s letter disclosing pay and job description   How to get a business visa in Dubai from UK When you leave it to professionals like Shuraa, obtaining a business visa is a straightforward procedure. Simply provide the required documentation and complete the application.    1. Completing the Visa application form   The application can be completed online or at a UAE Embassy or Consulate. The applicant must submit information such as their contact information, travel plans, and visitation objectives. Don’t forget to send the application together with the other necessary papers.   2. Pay the Dubai business visa fees   You must pay the visa fees when the relevant authorities accept your application. You can pay the fee at the UAE Embassy
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