Setup Business in UAE Blog

What is a "boycott"? How would one get restricted?

A boycott is a legitimate instrument that keeps an occupant or a worker from reappearing the nation or from tolerating a situation with another business for a settled timeframe, for the most part for six (6) months. A lasting residency boycott might be forced on genuine work guilty parties, for example, illicit or slipped off laborers, displaced people or sentenced criminals. Unique mark tests and retina outputs of restricted people are kept on record by the Federal Department of Immigration. A work boycott is required. You get restricted when:

Posted 21 October, 2018

Umm Al Quwain Free Trade Zone

Conveniently located within 45 minutes from Dubai International Airport, Umm Al Quwain FTZ is an investor-friendly, progressive free-zone established mainly to favor SMEs and micro-businesses, which will benefit from advantageous set-up costs, 100% company ownership and zero currency restrictions.

UAQ FTZ is situated close to the UAE’s primary sea ports and within one hour’s drive of Dubai International Airport and Sharjah International Airport, ensuring easy access to the rest of the world.

UAQ FTZ offers:

  • Flexibility and ease of doing business.
  • Customer-friendly approach.
  • Investor-friendly climate
  • Excellent growth opportunities.
  • Cost-effective leasing options for office space and warehousing.

Types of licenses:

  1. Commercial License: import, export, distribution and storing of items specified on the license. A Commercial License can have three different product lines or 10 similar product lines.
  2. General Trading License: trade in a wider range of activities, giving the freedom and flexibility to trade in any commodity which is permitted within the UAE.
  3. Consultancy License: entities which offer expert or professional advice and is issued to all manner of professionals including artisans and craftsmen. It allows two similar activities.
  4. Freelance Permit: this allows an individual to operate as a freelance professional, and conduct business in one’s birth name as opposed to a brand name or company.
  5. Industrial License: import raw materials, then manufacture/ process / assemble / package the specified products, and export the finished product.
  6. Service License: carry out the services specified on the license within the Free Zone, such as Logistics; Courier Services; Insurance Service Provider; Travel Agency; Tour Services; Car Rental etc.

Legal entities under UAQ FTZ:

  1. Free Zone establishment (FZE) – a single shareholder.
  2. Free Zone Company (FZC) – two to 50 shareholders.
  3. A branch of an existing company.

Business facilities:

  • 0% corporate and personal tax.
  • 100% company ownership.
  • 100% repatriation of capital and profits.
  • No share Capital Requirements.
  • 100% import and export tax exemption within the Free Zone.
  • Full range of business activities permitted.
  • Simple and fast registration process.
  • Office, warehouse and land availability.
  • Close to two international airports and major sea ports.
  • Investor-friendly rules and regulations.
  • Ideal location for SMEs and micro-businesses.

Documents required to open a business in UAQ FTZ:

  1. Passport copy of the owner.
  2. Passport copy of shareholders/directors.
  3. Proof of home address of the owner/manager.
  4. Application form.
  5. Memorandum and articles of association.
  6. Certificate of incorporation.
  7. Board resolution and power of attorney.

Posted 9 April, 2018

What are the things one should recall while building up a business in UAE?

One ought to be comfortable with UAE Laws, in regards to exchange permit and it's necessities, work law, sponsorship or Free Zones, visa principles and UAE as a nation as a rule.

Posted 21 October, 2018

I have a substantial UAE residency visa. I'd get a kick out of the chance to invest some energy in my nation of origin. Will my visa still be substantial when I return?

Assuming your UAE residency visa isn't lapsing inside the following six (6) months, you can remain outside of the UAE for at most a half year and profit for a similar visa. Remaining outside of the UAE for over a half year on end naturally refutes your UAE residency.

Posted 21 October, 2018

What is the greatest length of the probation time frame?

A most extreme of a half year. A specialist won't chip away at probation more than once.

Posted 21 October, 2018

Where in the UAE should the business be set up?

The UAE contains seven emirates: Abu Dhabi, Dubai, Ajman, Fujairah, Ras al Khaimah, Sharjah, and Umm al-Quwain. All the seven emirates share a comparative government structure anyway have unmistakable financial circumstances and separate real essentials. Your decision of where to start your business should be established on your target showcase and the favorable circumstances and burdens of the emirates authentic essentials for you. You should make request like where is your goal advertise? What are the costs required for setting your business in this emirate? Additionally, how do the laws of this emirate advantage you? Moreover, how do the laws in this emirate impact your business?

Posted 21 October, 2018

Employer not paying salary, nor cancelling visa. Please help!

Hello,

I have been working in a company for the since may 1st. The last salary received was October. So pending is my Nov, Dec, Jan.

When i confronted the employer and explained to him that i will go to MOL because i cant continue to live in Dubai without any money, He immediately send me termination papers (Jan 24).

My Salaries are still not paid, I raised a complaint with MOL, and also, in the past few days I have gotten a new offer for another job. Can I accept the offer yet? My employer hasn't cancelled the visa, and knowing his history and how he has fired previous employees he usually puts a labor ban on them. Also he hasn't provided me any Medical Insurance since May 1st which I have learned later that this is mandatory as per UAE law

Any input would be appreciated.

Thank you.

Posted 18 April, 2018

Will Emirates Setup pick what the right business is for me?

No, we can simply incite the possible business development in the meantime, clearly, an official end will be left to the client.

Posted 21 October, 2018