Ingenious Corporate Services – Company Set-up in Dubai, United Arab Emirates
We all have a thing for gold, whether it’s a piece of bling or a piece of paper printed with a visa. From the latter, we mean UAE Golden visa. One of the most-coveted visas in the UAE, the Golden visa, is a long-term residence permit that authorizes foreign talents to live, work or study in the United Arab Emirates while enjoying premier benefits.
Golden visa was launched in 2019 to attract money-rich and talent-rich people from every nook and cranny of the world. Therefore, the UAE Golden visa is available not just to wealthy investors and business persons but also to entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes. However, the applicant must fulfill the eligibility criteria to be able to apply for the UAE’s most prestigious visa. This page of Ingenious Corporate Services will talk about the requirements and benefits of Golden visa UAE.
UAE’s Golden Visa is no less than a key to a treasure trove brimming with glittering benefits. Here are some of the essential features of the UAE Golden visa you would want to know:
Who doesn’t want a UAE Golden Visa? If you want to obtain the UAE Golden visa, the first thing you have to do is – An eligibility Check! Once it is confirmed, Check your eligibility for the UAE Golden visa here or with our Golden visa service provider in Dubai. We will help you from the very first step of determining your eligibility to obtaining the Golden visa UAE and everything in between. The paperwork involved in the process will also be our responsibility. So what are you waiting for? Book your zoom meeting with one of our best Golden visa experts in Dubai and go gold.
There are various channels through which Golden Visa can be applied, provided you suffice the eligibility criteria. Golden visa requirements depend on the type of residence, whether investor, talent, entrepreneur, etc.
Here's what our clients think about our company formation services.
Here's what our clients think about our company formation services.
Includes:
T&C Applied*
Includes:
T&C Applied*
Includes:
T&C Applied*
Includes:
T&C Applied*
Get an expert consultation from one of the reputed business setup advisory companies in Dubai, like Ingenious Corporate Services, to analyze your needs and design a solution fit for your business purpose. Our company setup package includes business registration, professional PRO services, visa, labor & immigration services, banking account opening assistance, and all other spadework involved in obtaining the relevant trade license.
The journey starts with the parent company Shareholders or Directors must pass a board resolution mentioning their intention to set up a branch of foreign company in Dubai, United Arab Emirates. Also, appoint a manager or legal representative who will act on behalf of the company to sign the company incorporation documents.
Finding a genuine Local Service Agent. It is mandatory for a foreign company to make a contract with a Local Service Agent (LSA) that can be either a UAE national or a company owned 100% by UAE nationals. The appointed LSA will then complete the trade name registration procedure with the local Department of Economic Development (DED).
Receive approval from the Ministry of Economy (MOE). The application includes company information such as details about the head office, the nature of the business, share capital, the name of the general manager in UAE, and so on. The supporting documents that much go to MOE along with the application are listed below:
The above documents must then be notarized and attested by the UAE Consulate/ Embassy in the country of origin and the Ministry of Foreign Affairs (MOFA) in Dubai, United Arab Emirates.
Depending on the jurisdiction, the attested documents must be translated to English/ Arabic by a sworn translator to be submitted to the relevant Authority.
Ready the following documents and submit them to Dubai DED to acquire the trade license
Make the application payment and collect your branch office license
Apply for all the required visas and complete other tasks to become a full-fledged branch company in Dubai, such as hiring staff, applying for employee labor cards, and opening a bank account. The banks will require complete UBO information of the Parent company and additional corporate and shareholder structures of the Parent company. Be informed that all foreign documents must be attested, legalized, and translated into Arabic for use in the UAE.
Obtain MOE License (within one month) by doing Ministry of Economy (MOE) registration online. For this, you have to pay a certain fee. If not for MOE registration Within the specified time, you will be subject to paying a penalty of AED 1,000 monthly with a maximum limit of AED 10,000 annually. After the MOE registration, the branch company will receive a username and password to upload the requested documents via the portal. One of them is Bank Guarantee. Each Foreign Branch in Dubai, UAE, has to pay a refundable security deposit of AED 50,000 to the MOE (until the license is valid) through a local UAE bank which cannot be withdrawn or used as working capital.