loader image
Close
  • About Us
  • Services
    • UAE Mainland Business Setup
    • Accounting and Bookkeeping Services
    • Off-Shore Business Setup
      • Offshore company dubai
      • Rak Offshore
      • Ajman Offshore
    • Pro Services Dubai
    • Mortgage
    • Corporate Tax & Liquidation
    • Citizenship in UAE
  • Blog and Articles
  • Gallery
  • Our Team
  • Contact Us
  • +971 50 591 8314
  • info@greenbayworldwide.com
Free Consultant
best business setup company in dubai
  • About Us
  • Services
    • UAE Mainland Business Setup
    • Accounting and Bookkeeping Services
    • Off-Shore Business Setup
      • Offshore company dubai
      • Rak Offshore
      • Ajman Offshore
    • Pro Services Dubai
    • Mortgage
    • Corporate Tax & Liquidation
    • Citizenship in UAE
  • Blog and Articles
  • Gallery
  • Our Team
  • Contact Us
Linkedin Instagram Facebook

best business setup company in dubai
  • About Us
  • Services
    • UAE Mainland Business Setup
    • Accounting and Bookkeeping Services
    • Off-Shore Business Setup
      • Offshore company dubai
      • Rak Offshore
      • Ajman Offshore
    • Pro Services Dubai
    • Mortgage
    • Corporate Tax & Liquidation
    • Citizenship in UAE
  • Blog and Articles
  • Gallery
  • Our Team
  • Contact Us
Linkedin Instagram Facebook
Business Setup

Company formation

By Admin 

Start your own business in Dubai, with 100% ownership and control. We offer you a range of services that can help you to secure funding, set up a company formation and even find suitable employees. We also provide top-notch legal advice and work closely with local banks that can provide you with the necessary credit facilities.

CORPORATE ACCOUNTS

Opening a corporate account in Dubai is a time consuming and expensive process. Let us handle all legal paperwork and give you the professional support needed to make sure that your corporate account is open quickly and efficiently.

Mortgage Loan

If you are new in UAE, Get a home Loan.

How old do you need to be to establish a
business setup in Dubai?

The Dubai government has characterized the age of eligibility of 18 years as a landmark decision that will increase the opportunities for young individuals to fulfill their dreams. In addition, it will provide them with additional tools to achieve financial independence and shape their future.

Green visa

Who is eligible for a UAE green visa?

In an effort to attract talents, professionals, freelancers, investors, and entrepreneurs, a new five-year residence track has been launched. These new residence types come with unparalleled benefits. In addition, more advantages have been added to facilitate family members’ residences, extended grace periods between 6 months and 12 months for those whose residence permit has been canceled or expired, and simplified and facilitated all residence requirements.
Applicants for green visas from the UAE fall into these categories;

For skilled employees

Skilled employees without a sponsor or employer now have a 5-year residency period under
the Green residence amendments.
Listed below are the only requirements:

  • Valid employment contracts are required for applicants
  •  As per the Ministry of Human Resources and Emiratization, it should be classified at
    the first, second, or third occupational level.
  • An undergraduate degree or equivalent is required as a minimum educational level.
  • Applicants should have a minimum salary of AED 15,000 (USD 4,083.74).

For freelancing and self-employment

Since the freelancing industry and flexible work models are multiplying worldwide, a new
Green residence allows freelancers and self-employed individuals to reside in the UAE for
five years without the need for sponsors or employers.

For investor or partner

Investors or partners can now live in the Green Residence to encourage investment. A fiveyear
residency permit is provided to investors who establish or participate in commercial
activities. In addition, the validity of this category has been extended from two to five years.
Below are the requirements:

  • Investment approval and investment proof.
  • The total invested capital will be calculated if the investor (partner) holds more than
    one license.
  • It is mandatory to obtain approval from the local authorities.

The benefits of a UAE green visa

With the UAE’s new Green Visa, skilled individuals from all walks of life can live and work independently in the country. Listed below are some of the benefits you can get from it.

  • Sponsors are not required.
  • New benefits for family members
  • Flexible Lifestyle & Easy Travel

UAE’s Golden visa

The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include:

  • an entry visa for six months with multiple entries to proceed with residence issuance
  •  a long-term, renewable residence visa valid for 5 or 10 years
  • the privilege of not needing a sponsor
  • the ability to stay outside the UAE for more than the usual period of six months in
    order to keep their residence visa valid
  • the ability to sponsor their family members, including spouses and children
    regardless of their ages
  • the ability to sponsor unlimited number of domestic helpers
  • the permit for family members to stay in the UAE until the end of their permit
    duration, if the primary holder of the Golden visa passes away.

Eligibility criteria for Golden Visa

According to the government portals, the eligibility criteria for Golden Visa UAE have been
expanded to include the following:

Dubai Golden Visa

For scientists

In accordance with the recommendations of the Emirates Scientists Council, this residence is offered to scientists and researchers with high achievement and influence under the following conditions:

  • A recommendation letter from “Emirates Scientists Council” or a letter from “Rashid
    Award for Scientific outstanding” that he/she has been awarded the Medal of
    Scientific outstanding
  • Copy of the sponsored passport.

For Athletes

Under this category, the Golden Residency Visa for specialised talents and researchers in various fields of science and knowledge is granted for 10 years without a sponsor and is subject to renewal.

  • Requirements:

  • Applicants need a recommendation letter from the General Authority of
    Sports in Dubai OR Dubai Sports Council.
  • A copy of the sponsored passport.

For Doctors

A wide range of specialisations is available in this field. Veterinary doctors are included in this category. Doctors must have a letter stating their medical practice from the Health Authority or Ministry of Health of their country.

  • Requirements:

  • Applicants would require a copy of their labour card.
  • A copy of the labour contract from MOHRE.
  • A copy of the sponsored residency

For Inventors

  • Requirements:

  • Applicant would require a recommendation letter from the Ministry of
    Economy.
  • A copy of the sponsored passport

For Executive Directors

Under this category, an Executive Director and his family members can be granted

  • Requirements:

  • Executive Directors would require a “NOC” letter from the company that does not mind the golden residency, also mentioned that the service period is not less than 5 years as a general manager – executive director – chairman of the board of directors.
  •  Attested equivalency certificate of a higher degree from Ministry of Education.
  • Salary certificate, which should not be less than AED 50,000 monthly.
  • Labor contract with the same profession and salary certificate.
  • Bank statement for the last 6 months.

For Specialists in Engineering & Science

This service grants a (Golden Residency Visa) for specialized talents and researchers in various fields of science and knowledge for a period of (10) years without a sponsor and subject to renewal (granted to applicant and his family member)

  • Attested degree (bachelor’s degree or higher) or a letter of equivalency for the academic degree from the Ministry of Education (in the case of the certificate from outside the country).
  • Copy of the sponsored residency.
  • A work contract in one of the following disciplines: (Epidemiology and Viruses – Artificial Intelligence – Big Data – Computer Engineering – Electronics Engineering – Software Engineering – Electrical Engineering – Genetic Engineering – Biotechnology
    Engineering).

For Creative Specialist in culture and Art

This service grants a (Golden Residency Visa) for specialized talents and researchers in
various fields of science and knowledge for a period of (10) years without a sponsor and
subject to renewal (granted to applicant and his family member)

  • Requirements:

  • Applicants will need a recommendation letter from the Dubai Culture and Arts Authority.
  • A copy of the sponsored passport.

For Real Estate Investors

This service allows the real estate investor who owns a property equal valued at AED 2,000,000 or more at the time of purchase to apply for a 10 years renewable residency visa, and the husband or wife and children can be sponsored.

  1. Minimum 2 million value property or owned share ( one property or more ) under the applicant name
  2. In case the property is mortgage, an Noc letter from the bank to issue a visa on the property and shows the paid and remaining amounts

For entrepreneurs

This service grants (Golden Residency Visa) for a period of (5) years to an entrepreneur who owns an economic project of a technical or future nature based on risk & innovation. Further an Approval letter from Dubai Future Foundation must be needed for the same.

For outstanding students

The service grants a golden residency visa for outstanding students for a period of 5 or 10
years and automatically renewed if the same conditions are met.

  • Requirements:

  • High school graduate
  1. A recommendation letter from the Ministry of Education.
  2.  Copy of the sponsored residency (Dubai residents only).
  3.  Copy of the sponsored passport.
  • Universities graduate
  1. Attested degree (bachelor’s degree or higher) and academic transcript.
  2. Copy of the sponsored residency (Dubai residents only).
  3. Copy of the sponsored passport.

For Retired Foreigners

Under this category, a retired foreigner can be granted a Golden Residency Visa for 5 years without a sponsor, subject to renewal.

  • Requirements:

  • The applicant would need a bank letter with a deposit value or income of AED15,000 or real estate ownership with a value of one million AED.

For Investors

This service grants (Golden Residency Visa) for a period of (5) or (10) years and
automatically renewed if the same conditions are met

  • Investor in an investment fund (commercial investor)

  • Company’s financial report for the previous year (Made by the company’s
    financial auditor)
  • Company’s Trade license and photocopy of the List of Partners’ Names
  •  Copy of the sponsored residency
  •  Company’s bank statement (last 3 months)
  •  Company’s (VAT Return) for the previous year
  • Investor in an investment fund (deposit)

  • A bank letter in Arabic form showcases a “fix deposit”. A note must be mentioned in the letter. (The fixed deposit will not be broken for the next two years, OR in case the fixed deposit was broken for any reason, the General Directorate of Residency and Foreigners Affairs – Dubai must be notified)
  • Copy of the sponsored passport.
  • Tenancy contract.
  • Investor in (Tax Return Investor)

  • A letter from the Federal Tax Authority.
  • Company’s Trade license and photocopy of the List of Partners’ Names.
  • Copy of the sponsored residency.

What benefits and perks do I get with the golden visa?

It’s not just a long-term residency that you’ll benefit from with a golden visa. There are a number of benefits and perks that aren’t currently available to holders of the standard UAE residency visa.

1. Extended residency rights

Anyone with a golden residency for themselves and their dependents has a UAE residents visa for up to ten years, while a standard residency visa requires renewal every two to three years.

2. Self-sponsored work or stay

UAE golden visa holders can remain living, working and studying in the country for the entirety of their visa, with or without gaining local or other employment.

3. Ability to sponsor family and unlimited domestic helpers

The UAE golden visa allows for the individual holder to sponsor their family members, including spouse and children (regardless of dependents’ age).

4. Extended time outside the UAE

It’s possible for UAE golden visa holders to spend extended periods of time outside the UAE without impacting their eligibility or the validity of the visa.

5. Exclusive health-care packages

The exclusive health insurance plans will start from just under Dhs2400. The plans will cover claims of up to Dhs20,000,000. Three levels of cover will be available; Core Silver, Enhanced Gold and Premier.

6. Dubai Police Esaad privilege card

it was announced that UAE golden visa holders would now be eligible to the Esaad privilege card issued by the Dubai Police.


Business setup in Mainland
SERBIA
Previous Article
Bank Account Opening Assistance
Bank Account Opening Assistance
Next Article