How to retrieve the UAE residency visa

How to retrieve the UAE residency visa

Dubai is a bustling city with countless opportunities lying around. Business is booming here with entrepreneurs from all over the world coming here to set up their companies and grow their businesses. This place has so many advantages that not only entrepreneurs but people from around the world move to Dubai to live here with their families.

To live in Dubai you will have to obtain a residency Visa, for yourself and whoever comes along with you on this amazing journey. The UAE residency visa is a special permit that allows people from across the world to live and strive in the United Arab Emirates for a long time This permit can be valid for up to 10 years, if that is not enough for you, the UAE has made it very simple to renew the Visa as many times you need. This makes the UAE a very enticing country to live in.

You can also obtain your Visa by an employment contract, or by investing in real estate and of course, starting a business in the UAE.

There are three main options to get your UAE residency visa. By employment, owning property and registering a company in the UAE.

You will gain a three-year visa by getting an employment contract in the UAE. You will not have any power or say over this permit and will leave all responsibilities like applying, sponsoring and renewing over to the company itself.

By purchasing real estate with a value of over one million AED you will get a visa issued for three years as well. The one thing that makes this option a bit tricky is that investors are not allowed to work in the UAE itself, only invest.

The last and more recommended option is setting up a business in Dubai, this is the one option that doesn’t require the biggest investment and has the most advantages. This way you apply for a three-year visa and can renew it whenever the three years come to an end.

Setting up your business in the UAE allows you to enjoy the lifestyle of Dubai, focusing on your business while not paying any income or corporate taxes, having the advantages of making more profit than ever and so much more...

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Corporate bank accounts may be one of the thorniest processes you will go through while setting up your business in Dubai. While you won't have to worry about a thing as we will arrange everything for you, it's still handy to know how everything sets in place. This bank account is going to help you observe all of your transactions, deposits and loans if required. With challenges like:

-          Requiring a physical office

-          Should prove credibility at all times

-          Not easy to open when you come from a high-risk country

To open a bank account for an LLC of Free Zone each bank has its own timeline, all in all, it will take up to four weeks to complete this process.

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Opening your bank account in Dubai

The UAE doesn't allow the do business with a personal bank account, so aside from that, you will need to open a corporate bank account as well.

Your corporate account should be a current one, this means that this has to be a transaction account.This type of account comes with the ideal way to make daily transactions, this provides a chequebook, debit card, no limit on your withdrawals, and many other strong points.

Current accounts are the main ones that will be used for corporate accounts, this comes with one obvious reason and that is: the ability of many daily transactions.

When we open your bank account we will need a few documents, these documents contain:

1. Trade license which we already have provided for you
2. Certificate of the company's registration
3. Your and the shareholder's visas and passports
4. The company's memorandum and articles of association

What about credit cards?

Credit cards are very handy to be used for businesses, this allows you to make small or big purchases on credit, they are only to be used for business purposes only, any personal purchase is not allowed here. This card is very important and can be used as a metric that is associated with your company's prosperous health.

It's also crucial to know that this card can be used for emergencies within the company, however, we do suggest you to obtain a credit card for you to build a credit score for your business.

Other than this, choosing the right credit card for you is a valuable decision to make as an entrepreneur as many banks do have different settlements. We assist you in this decision, making sure your choice will meet up to your wants and needs. With this process, you will also have to fall in on some criteria.

-          A valid trade license

-          Your age

-          Income

Getting started on this is an exciting journey where we are at support and assist at all times, making it a trouble-free process for you. We will arrange this in a time span of 2 to 4 weeks, are you ready to jump in?

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