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Blog  ·  News
New UAE Visa Arrangement for Expatriates in 2022

There will be some changes in the UAE’s entry permit and visa regime starting next month (September 2022) as part of the UAE reorganizing its visa and entry permits regime in the vision of attracting more expatriates to the country.

With these new permits, expatriates will have more options for applying for visas to visit the UAE as a tourist and international business destination.

The announcements made for the new UAE visa scheme will definitely impress you. UAE is continuously making efforts on listening to expatriates and welcome them. According to the population stats provided by Global Media, Insights shows that 88% of the total UAE population are non-locals in 2022.

For more details about the population, and stats Click Here.

Given below are the list of visa scheme that will come to effect in September 2022:

Visit Visa (Single Entry) – Instead of 30 days, the new minimum duration visa allows for 60 days of stay inside the UAE. Further, you do not require a sponsor.

Visit Visa (Multiple Entry) – The new visa scheme will allow a long five-years multi-entry visa option for expatriates. With this long-awaited entry permit, tourists will have the opportunity to further explore the UAE. This new visa will not require a sponsor. To be eligible for a visa, the applicant needs to have at least $4,000 in their bank account for the past 6 months. Only 180 consecutive days in a year can be spent in the UAE, and a single stay cannot exceed 90 consecutive days.

Job Exploration Entry Visa – Fresh graduates from the best 500 universities in the world with a minimum educational level of a Bachelor’s degree or equivalent are granted this visa, which is categorized as a first, second, or third skill level by the Ministry of Human Resources and Emiratisation. This visa would not require a sponsor.

Business Entry Visa – Investors and entrepreneurs are encouraged to explore business and investment opportunities in the UAE with this entry permit, which does not require a sponsor or host.

Entry permit for Visiting Relatives/Friends – Visitors who are relatives or friends of UAE citizens and residents are eligible to apply for this entry permit. Does not require a sponsor.

Entry Permit for Studying/Training – Students looking to participate in training or study courses and/or internship programs in the UAE are eligible to apply for this permit. Sponsors may be governments or private universities, and educational and research institutions licensed in the country.

Entry Permit for a Temporary Work Mission – A temporary work assignment, such as probation testing or a project-based mission, is the purpose of issuing this visa permit. This will be sponsored by the employer. The employer must provide a temporary work contract or a letter explaining the visit’s purpose and proof of health and fitness.

UAE-Free-zone-Business-Setup-EagleEyeInternational
Business  ·  Entrepreneur
Why Choose UAE Free Zones for Your Business?

For the past years, UAE got attention from investors all over the world for its unique geographical location and tax benefits provided for international businesses. If you are planning to setup your business in UAE this blog will be helpful for you to get an idea about why choose a UAE-free zone for your business setup.

Free Zone business setup is the most demanded business setup in UAE because of the 100% ownership. Free Zone is a geographically defined area with a boundary where businesses are allowed to trade goods and services within the limits. There are over 60 Free Zones in the UAE and each free zone offers different benefits compared to each other. There are some free Zones dedicated to Media, Health Care, Education, Manufacturing, Importing and Exporting, Trading, and many more.

Finding the best free zone for you depends on the business activity you are looking to do in the UAE. Some business activities require several business approvals which must be taken separately by different respective local departments. For example, an aviation business should take special approval from the civil aviation department.

Further, you need to choose a facility as well for your business in the UAE. You could choose from virtual offices to ready-built shared offices, dedicated offices, warehouses, or even buy a plot of land to construct your own facility. Generally, it’s not that difficult to setup a business in a free zone in the UAE. Most Free Zones provide the business license within one day. Check out our post on how to start a free zone company in UAE for more information.

There are mainly three types of legal structures in a Free Zone business formation:

  1. FZE (Free Zone Establishment) – One Shareholder in the Company
  2. FZC (Free Zone Corporation) – Multiple Shareholders in the Company
  3. A Branch of a local or international company

Pros of Setting Up a Business in UAE Free Zone

 

Pros-of-uae-free-zone-business-setup-EagleEyeInternational

1. 100% Business Ownership

Unlike in Mainland businesses where the highest shares of the company should be obtained by a local sponsor, Free Zones offer 100% ownership to all foreign business owners from small to large enterprises.

2. Setup your Business within one Day

It is relatively easy to setup your business in a Free Zone and most free zones offer business licensing within a single day.

3. Own dedicated Free Zone Jurisdiction – Trouble-Free Immigration Procedures

Investors and employees will get 2-3 years’ residence visas depending on the chosen free zone for your business. Each Free Zone has its own in-house team to process immigration-related services. Employees will benefit from many privileges from the visas like sponsoring their family, spouse, and children

4. 100% Repatriation of Capital and Profit

UAE offers 0% income tax for businesses and has a double taxation avoidance agreement with 135 countries. Business owners could get the full tax benefits.
Find out with what countries UAE has signed an agreement to avoid double taxation

5. Corporate and Duty Tax Exemptions

Enjoy 0% corporate and duty tax if you offer your service inside the Free Zone or import and export products internationally without dealing with the mainland of the UAE. However, it’s not the same case in mainland businesses. If you are offering a product or service for the mainland business community, you are liable for corporate tax (VAT) of 5% and duty tax separately. Check our blog post about Introduction to VAT in the UAE.

6. Labor and Staff Accommodation

If you are planning to hire employees for your company, some free zones offer onsite labor and staff accommodation, so you need not worry about your employees’ shelter. Restaurants and recreational centers are available in the free zone itself.

Cons of Setting Up a Business in Free Zone

 

1. Limited Business Expansion
 
Limitations on providing services for the mainland of the UAE. You can enjoy the Free Zone privileges inside the boundary of the free zone. You require to pay corporate and duty tax if you are dealing with the mainland of the UAE.
 
2. Business Activity Restrictions
 
Some of the unique business activities are not allowed to provide in Free Zones. These types of special businesses should be incorporated in the mainland. Especially, if you are providing government or local services you may need to establish your business directly in the mainland.
 
The best setup for your business depends on the activity you are planning to do in UAE. If you are planning to import and export products or want to do international business Free zone business is the best for you with its logistics, infrastructure, and tax benefits. 
 

Eagle Eye International is a corporate service-providing company with over 22 years of experience in the UAE. Book a free consultation with our team to find out the most reliable and cost-effective solution for your business in the UAE.

ISO
Business
How to get ISO Certification in Dubai, UAE

In your day-to-day business you may have come across ISO standards. But do you really know what ISO Standard really meant. In this blog we will explain you about the ISO standards and whether your company should really get the certification as soon as possible.

What is ISO Standard?

ISO is an independent non-governmental organization developing worldwide proprietary, industrial and commercial standards. Its history begins during 1940s in Geneva, Switzerland and works with over 160 countries worldwide.

Some of the best-known standards developed by ISO are:

ISO 9001 – Quality Management Standards

• This standard ensures that the service or the product of the organization consistently meet their customer’s requirement

ISO 14001 – Environment Management Standards

• This standard focus on enhancing the environment performance of your business. It ensures that your business continuously measure and improve the environmental impact.

ISO 45001 – Occupational health and safety Management Standards

• This standard ensure that your business manage the best safety procedures and reduce workplace hazards. Guaranteeing your employees leave for home safely.

ISO 22000 – Food Safety Management Standards

• This standard focus on providing the highest level of food safety for the end consumer throughout the life cycle of the food process.

ISO 27001 – Security Management Standards

• This standard support the business to manage the security of assets, intellectual
property, financial data, employee data and other useful data.

Advantages of obtaining an ISO Standard

• Boost confidence of the consumer that the product/services you provide are safe, reliable and are of high quality.

• Increase the efficiency of your business and decrease mistakes by implementing international standard procedures.

• Save your time and money by identifying the problems

• Improve client satisfaction and retention

• Boost employee’s health and safety

• Improving the environment impact

How to obtain an ISO Certification?

At ISO they develop the international standards such as ISO 9001, ISO 45001 but they do not involve in issuing certificates. The issuance of the ISO Certification is performed by the external certification body (CB). To understand this in more detail way you could refer to the below ranking board.

ISO (International Organization of Standardization)

Develop International Standard

IAF (International Accreditation Forum)

Provide Accreditation for the standard body of the country

Accreditation Body

Providing license for the certification body ensuring that they follow the ISO Standards. Generally, there is only one accreditation body for a country.

Certification Body

Certification body is accredited to Perform audit and issue certificate stating that a company is compliant with the ISO standards.

Company

The company that needs to obtain the ISO Certification

9 steps to complete the ISO Certification

Step 01

Choose one of the ISO Certification (ISO 9001, ISO 14001)

Step 02

Choose an accredited Certification body for the ISO Certification

Step 03

Create an agreement between the company and the certification body. This contract will include the access rights, confidentiality and liability issues

Step 04

Company Document review by the ISO Auditor and note down the possible loopholes in the company against the requirement specified in the chosen ISO Standard.

Step 05

Build an action plan to eliminate these loopholes inside the company with the instruction provided by the ISO Auditor.

Step 06

Create awareness among the employees about the new procedure implemented to eliminate the loopholes and change their work process according to the ISO standards.

Step 07

The Auditor will start auditing the changes and possibly search for non-conformities. Company then asses these identified non-conformities and rectify through the processes used before.

Step 08

If the auditor is satisfied with the outcome, the ISO auditor will arrange the final audit report and forward it to the certification body.

Step 09

The Certification body will then issue the ISO Certification for the company based on the final audit report provided by the ISO Auditor.

Surveillance audits

Once a year, a surveillance audit will be conducted by an ISO Auditor to ensure that the quality of the ISO standards is being maintained by the organization.

With over 22 years of experience about the UAE economy Eagle Eye International strive to provide the most reliable solution for your business. Been one of the best consultancy firms we always ensure that our client get the best service for their business requirements. For further details and information about the ISO Certification please contact us on +971 56 240 1778 and we would be glad to assist.

Business  ·  Entrepreneur
How to start a company in Free Zone?

One of the most demanded business startups in UAE is the Free zone company business setup.

Its relatively easier to setup a free zone company compared to a mainland company. Free zone authorities require minimum paperwork and duration as well. There are over 40 Free Zones in UAE.

Each Free Zones has its own quirks and features that offers opportunities and benefits for businesses. For instance, UAE has specific free zones dedicated to Education, Research and Innovations, Technology, Entertainment and Media, Healthcare and etc.

With a wide variety of activities inside Free Zones, identifying the most suitable Free Zones for your business is a challenge faced by new businesses today. Given below are three steps that you could follow to identify the most effective Free Zone for your businesses.

  1. Build the initial plan for your business
  2. Choose the most suitable Free Zones that would suites your business plan
  3. Setup your business

1. Build the initial plan for your business

The most common mistake that people make is that they do not have a proper idea about the rules and regulations of the Free Zones.

Opening a business in Free Zones is relatively easy. Some Free Zones offer business licensing within hours and does not even require a capital.

But there are other aspects like Visa processing, Government Registrations and Business Renewals (License Renewal, Facility Renewal, Establishment card Renewal, E-channel Renewal, Government Renewals) that could be complexed for new businesses and will acquire a considerable amount of money and time based on your preparation.

Another major problem that people face is winding up a company. UAE Free Zones have a detailed process when it comes to winding up a company. People who fail to meet the requirements will have to pay huge amount of fines. None of this problems would exist if you have a proper plan for your business and understand the Legal system of the dedicated Free Zone. So it is crucial that you have a proper plan for your business before choosing any Free Zones in UAE. Start building your plan with these steps.

  • Determine the number of investors (Legal Entity)
  • Choose a company name
  • Identify the business activity
  • Choose a facility for your business (Offices, Warehouse, Plot of Land)
  • Number of Visas required for the business

2. Choose the most suitable Free Zones that would suites your business plan

Once you have a plan for your business you could choose a Free Zone. Plus you could have access to all the information of the Free Zones by visiting their website.

Once you know more information about Free Zones, find which will offer you the best advantage based on your business plan. Or else you could request assistance from a consultancy company to provide you more information for free without any cost. Present them your overall business plan and they will provide you the solutions.

Many Free zones offer discounted price due to the current pandemic situation and you could use this as an advantage to start your business for a great price. Given below are some of the recommended Free Zones for your business setup.

  • DMCC
  • Jebel Ali Free Zone
  • SAIF Zone
  • Hamriyah Free Zone

3. Setup your business

Speak with a representative of the chosen Free Zone and present your business plan to them. The team will guide you through the process. Most importantly, they will check the availability of the suggested name and the business activity of your company. If your business is related to Medical, Education you may require to take approvals from the relevant authorities. Further the owners and shareholders of the company will have to sign the documents provided by the Free Zone. Upon completion of these steps you will get your business license.

Eagle Eye International is a professional business consultancy company with over 40 years of experience in UAE. We have assisted over hundreds of business formation. We will assist from analyzing your business requirement to delivering your business license. These are the below services that we would assist you in the business formation.

  • Getting Name Approvals
  • Activity Approvals
  • Shareholder’s Structure
  • Necessary Documents Arrangement for Signatures
  • Business Registration
  • Business Licensing
  • Corporate Consultancy
  • Documents Submission & Get the Original Documents
  • Handing over the Original Documents – Trade License, MOA, Tenancy Contract
  • Documentation and typing of the company establishment card
  • Documentation for the E-channel Registration

If you need any clarification, please contact our team and we would be glad to assist.


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