Business setup in abu dhabi,company formation in abu dhabi,business setup in abu dhabi,UAE How set up a business in Dubai UAE holidays 2016Start a company in Abu Dhabi,Dubai,UAE BUSINESS SETUP SERVICES IN ABU DHABI BUSINESS SETUP IN ABU DHABI Company Formation In Abu Dhabi Business setup In Abu Dhabi How to Start a Business in Abu Dhabi Business setup In Abu Dhabi,Uae Business setup In dubai Business SetUp In Abu Dhabi,Dubai,UAE|Company Registration UAE|Company Incorporation AbuDhabi

Tuesday, 19 July 2016

Starting a company in Abu Dhabi or Dubai

Starting a company in Abu Dhabi or Dubai


Starting a business in Abu Dhabi, United Arab Emirates can be tricky. Abu Dhabi is located strategically between Europe, Asia and Africa which makes it one of the best places to build a business or create your corporate headquarters.
Since Abu Dhabi doesn't charge any personal or company taxes unless you're dealing with oil or banks, it makes it a good opportunity to build a business here, if you can find people to work with that you trust.
Abu Dhabi also offers low duties and some imported good are tax exempt also indicated a possibly lucrative market if you have the right products.

Buying or Renting a Place of Business


Firstly, always use a lawyer who understands the law of United Arab Emirates. They will also know how to structure your business properly.
They will review all contracts for buying or renting property and will keep you out of trouble with the law in Abu Dhabi. If you do run a foul of the law, contact legal advice immediately!
Have all your protections in place before you purchase any property in Abu Dhabi or in any of United Arab Emirates. They will take the side of the locals in most cases.
Ensure you have an adequate will in place to deal with the wishes of your successions in case of the unexpected.
Useful Abu Dhabi Government websites with details on licensing and registration are www.business.abudhabi.ae and http://www.almashora.ae/services/company-formationabudhabidubai/

Types of UAE Companies

Individual Emirates have their own laws you'll need to understand, but most of them are regulated by Commercial Companies Law and the Trade Agencies Law.
The UAE has various types of companies reconciled by Commercial Companies Law 
• A Free Zone Company
• A Limited Liabilities Company
• A Limited Liability Partnership
• A Public Joint Stock Company
• A Private Joint Stock Company
• A Representative or a Branch Office
• A Professional Firm
Enterprises/Establishments
If you setup a company outside of the free trade zone the locals have to own at least 51% of the company including the chairman, general partners, etc. That means they have to be citizens of Abu Dhabi.
You can establish a business with Arab nationals with either : a representative office of an overseas company, partnerships, free-zone companies or as a limited liability establishment.
You will need a contract with a citizen of Abu Dhabi to create any of these:
• A nationally registered branch
• A nationally registered representative office
• A local registered representative office
Limited-Liability Companies
It's easier to form a commercial company as a limited liability company. Fifty one percent still needs to be owned by a local of Abu Dhabi. The exception is real-estate business, where as it can be 100% owned locally.
Professional Partnership
"Work based on investing mental talents and acquired information" is the official definition of a professional business in Abu Dhabi.
All businesses are ruled with Local Orders for each Emirate. You must have a local national to serve as an agent for the business.
Free Zones
There are a few free zones for business in Abu Dhabi. This means you don't need local employees nor does half the business have to belong to a local national. It also guarantees investors are not liable for business taxes but only for a certain time period. You also aren't responsible for import/export duty for goods sent in and out of a FreeZone.

Wednesday, 25 May 2016

Business Setup in Dubai,UAE

BUSINESS SETUP


Business Setup in Dubai

The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.

Types of Business Setup:

Mainland Setup UAE main land consist of all Business Entities which are directly registered under, each emirates government and its authorities with the limitation of commercialized geographical areas . These main Land setups directly represent the Government policies and its and its legal Structure towards its most developed Economy.

Free Zone Setup 

Free zones are developed to support economic reform; to act as pressure valves to alleviate growing unemployment; to serve as experimental labs for the application of new policies and approaches; and to attract FDI.The strategic location decision is driven by market potential and the growth of the market share; the proximity to the customer base; the quality and cost of labor, the quality of the transport network, and the incentives offered would be the key features of a free zone setup.
UAE economy is clearly divided between the onshore sector , dominated by local business interests, with restrictions on foreign ownership, and the offshore sector which consists of a number of Free zones. There are no taxes to speak of, on or offshore, but 100% foreign ownership and customs privileges make the free zones the most favorable locations in the Middle East for international operations. We offer our professional services and expertise in the formation of companies in all free zones of UAE including Sharjah Airport International Free Zone (SAIF Zone), Jebel Ali Free Zone Authority (JAFZA), Dubai Airport Free zone Authority (DAFZA), Hamariyah Free zone Authority, Ajman Free Zone Authority, Ras Al Khaimah & Fujairah free zone Authorities.

Offshore Setup

The words offshore business and offshore company have no precise legal, tax or general business meaning. The word offshore often means nothing more than anywhere other than the place of physical location of the person using the word (i.e. overseas). We use the words offshore business & offshore company as terms of definition in connection with matters such as the structuring of international business & family wealth management or tax planning.
Incorporation of an offshore company (or non-resident company) can be used for various purposes. One of the most common is the use of an offshore company as a holding company to hold interests in other companies in various jurisdictions, to hold trademarks, copyrights and other intellectual property rights, as well as to serve as the holding company for licensing of franchises. The income from taxable jurisdiction flowing to the offshore company (holding company) is not taxable.

Trakhees Setup
Trakhees is a new organisation under Ports, Customs and Free Zone Corporation established to combine and streamline all licensing and permit functions within the corporation and its areas of jurisdiction It covers commercial licensing, Civil Engineering, Building Permits and Construction Quality Monitoring as well as Environmental, Health and Safety issues on July 1st of 2008, the new department Trakhees nt into operation and the objective of establishing Trakhees started to materialize PCFC,

Dubai World Business Units, the Engineering Community interacting with Trakhees, and the Dubai World Communities now have a one stop shop where all their licensing and government services can be done.

LLC License Setup


business setup in abu dhabi
A limited liability company, also known as a company with limited liability, is a flexible form of enterprise that blends elements of partnership and corporate structures. It is the most common form of business entity currently formed in UAE.

A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the companys capital.

The minimum equity participation by UAE national is 51% and 49% that of owner. Capital required to form a limited liability company in Dubai is AED 300,000 (US$ 81,744) contributed in cash or in kind. The capital shall not be less than three hundred thousand dirham divided into equal shares the value of each not less than thousand dirham.

However, in other Emirates viz., Abu Dhabi, Sharjah, Fujairah etc., the capital requirement is AED 150,000 (US$ 40,872). Profit or loss distribution can be prescribed and responsibility of management of an LLC can be vested in the foreign or national partners or third party. The shares of such company are not open for subscription by the public and they do not issue negotiable shares.

Such company shall not conduct the business of insurance, banking or investment of money for others. These shares shall not be represented by negotiable instruments. If a body corporate is to be a shareholder in a Limited Liability Company under incorporation, then the capital of the Limited Liability Company shall be double the capital of the company wishing to be a shareholder. If non-nationals holding shares in such company, the U.A.E.) Business Set up Limited Liability Company, LLC
Activities in LLC License
Single Trading, General Trading, Contracting, Transportation, Technical Services, Advertising Agency, etc.
Process of establishing an LLC
To Establish a Limited Liability Company (LLC) in UAE, Establishing an LLC, Client has to follow defined procedures:

  • It is necessary to avail license from the Department of Economic Development or the Municipality.
  • Preliminary Consent for Name and Activity from the Department of Economic Development is the pre-requisite.
  • In the case of Special Nature Activity, the approval from concerned Ministry/Department is the groundwork step.
  • One has to draw up company’s Memorandum of Association and has it notarized from courts of respective Emirates.
  • For LLC Company, Capital contribution certificate to be obtained from banks for cash shares and auditor’s certificate for both cash shares and kind shares.
  • Person should submit applications and initial approval along with notarized copy of Memorandum of Association, capital certificate, tenancy contract etc., to the Department of Economic Development or the Municipality.
After inspection by the legal department, the Company name will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce Bulletin

Monday, 2 May 2016

Residence Visa for Students over 18 in UAE

UAE NEWS:Residence Visa for Students over 18 in UAE

Residence Visa for Students over 18
You can get residence visa for your son who is over 18 age under your sponsorship fulfilling certain rules. . You will be able to renew his residence in UAE. There is no need to cancel the visa.

For example if the son’s residence visa which expires in September (at that time son is under 18 age), the sponsor’s son has 30 days after the expiry, and when the period of 30 days has lapsed, a new residence permit may be applied for his son if he need to continue his higher education within the UAE, and in this event, the new visa will be valid only for one year and must be renewed annually.

In a move to solve the problem faced by many expatriate residents who are not eligible to sponsor their sons aged above 18 years unless they are students of recognized educational institutions in the country, the Dubai Naturalisation and Residency Department (DNRD) has decided to treat residence visa applications for this category on a humanitarian grounds.

"All the cases classified under the said category are issued residence visa on humanitarian grounds whether they are parents, sons, sisters or brothers provided they furnish a security deposit of AED.5,000. This amount is to be paid only once when the residence visa is granted for the first time and is refunded to the applicant upon visa-cancellation," said Colonel Saeed Mattar bin Bleilah, Director of the DNRD. The AED.5,000 security deposit would not be required every year, for the renewal of the visa.

At the time of renewal of the son's residence visa, only the residence fees need to be paid and not the Dh5,000 deposit which is collected only once, irrespective of how many times it is renewed annually.

As per the UAE Federal Entry and Residency Law and its by-laws issued in a Cabinet order in 1997, an expatriate parent could sponsor his children on residence visa until the boys has reached the age of 18 and until the daughters got married regardless of their age.

Medical Fitness service centres in Dubai

Medical Fitness screening service centres in Dubai,UAE



Below is the list of Medical Fitness screening service centres under Dubai Health Authority. Satwa Medical fitness centre is now temporarily closed for renovation.


Medical Fitness Provider
Client's Category
Location
Contact Number (04)
Working hours during the week
Working hours during Saturday
Service Type

Al Karama Medical Fitness Express Services Center
All Categories except for housemaids (female)
BurDubai behind Al Karama central post office
3426666
7:00AM-8:30PM
8:00AM-1:00PM
24 hrs, 48 hrs, 4 hrs

Al-Muhaisnah Medical Fitness Centre
All Categories
Al-Muhaisnah 2
5023939
24 hrs
8:00AM-10:00PM
Normal, 24 hrs, 48 hrs, 4 hrs

Satwa Medical Fitness Centre
‘temporarily closed for renovation’
Female/families/Urgent for male
Al-Satwa
5023205
7:00AM-09:00pm
8:00AM-1:00PM
Normal, 24 hrs, 48 hrs, 4 hrs

Al-Mankhool Health Centre
Housemaid of the catchment area
Near Dubai Eid Musllah
5021267
7:30AM-2:00PM
Off
Normal, 24 hrs, 48 hrs

Al-Twar Health Centre
Housemaid of the catchment area
Al-Twar, Al-Qusais
5022133
7:30AM-2:00PM
Off
Normal, 24 hrs, 48 hrs

Al-Khawaneej Health Centre
Housemaid of the catchment area
Khawaneej
5023034
7:30AM-2:00PM
Off
Normal, 24 hrs, 48 hrs

Al Bada’a Health Centre
Housemaid of the catchment area
Sheikh Zayed Road- Opposite to Shangri-La Hotel from the Back Side
5081046
7:30AM-2:00PM
Off
Normal, 24 hrs, 48 hrs

Al-Lusaily Health Centre
Housemaid of the catchment area
Dubai-Al Ain Road
5022500
8:00AM-2:00PM
(Monday and Wednesday only)
Off
Normal, 24 hrs, 48 hrs

Airport Medical Centre
Dubai International Airport Staff
DubaiInternational Airport
2164959
7:30AM-2:00PM
Off
Normal

Al-Safa Health Centre
Executive employees
Jumeirah 2
3955122
7:30AM-2:30PM
8:00AM-1:00PM
VIP service

DubaiInternational Financial Centre
Dubai International Financial Centre Staff
EmiratesTowers – Sheikh Zayed Road
4289211
8:00AM-3:00PM
Off
DIFC package=AED 350

Dubai Airport Free Zone Authority
DAFZA’s staff & Dubai Silicon Oasis Authority
Terminal 2 - Dubai International Airport
2994436
7:30AM-2:00PM
Off
Normal, 24 hrs, 48 hrs

Jebel Ali Health Centre
JAFZA’s clients and staff
Jebel Ali Free Zone Authority
(JAFZA)
8834240
8:00AM-3:00PM
Off
Normal, 24 hrs, 48 hrs

KnowledgeVillageMedical Fitness Centre
Tecom investments and
executive employees
Next to Dubai Internet City
4347332
7:30AM-2:30PM
off
Normal, VIP, Student sponsored by tecom

Emirates Airline
Emirates Airline Employees
Next to Terminal 1
7081637
9:00AM-4:00PM
Off
Normal

Al Quoz  Mall Medical Fitness Center
Corporate
Industrial Quoz 3
45022401
8:00AM-5:00PM
Off
Normal, 24 hrs, 48 hrs

Al Rashidyia Medical Fitness Center
Female Only
Al Rashidyia Next to the Police Station
5022422
8:00AM-1:00PM
Off
Normal, 24 hrs, 48 hrs

Labour Ban and Contracts in UAE

Labour Ban and Contracts in UAE

This article is provide information regarding labour ban for a UAE work visa holder who had completed two years or more than two years with the current organisation and planning to resign and join another employer. The following questions will be answered in this article.
  • Will there be any employment ban?
  • Eligibility for gratuity
  • Air ticket provision from the current organisation?
  • Serving the notice period
  • Whom should you contact if the current employer refuses to cancel the visa?

Article 117 (1) of the UAE Federal Law No 8 of 1980 states: “Both the employer and the worker may terminate a contract of employment of unlimited duration for a valid reason at any time following its conclusion by giving the other party notice in writing at least 30 days before the termination.”
As per the new information, currently the Ministry of Labour does not impose employment ban on the employee if the employee has completed one year of continuous work with its current employer. Since anyone who have completed continuous job for over one year with your current employer will not get any employment ban. This is applicable in case if you wish to resign from your current employment.

UAE ministry of labour

UAE Gratuity Calculation

Also, if you are working on an unlimited employment work visa contract and have completed more than one year but less than three years of employment. Then you will be entitled to receive one-third gratuity in accordance with the provisions of Article 137 of the UAE Federal Law No. 8 of 1980 which states that: “A worker who is bound by a contract of unlimited duration resigns after continuous service of not less than one year and not more than three years shall be entitled to one-third of the normal gratuity.”

Air Ticket provision

In this case, the worker is resigning from the job and so in accordance with Article 131 of the UAE Federal Law No. 8 of 1980 the employee shall bear the cost of air travel to their home country. However, if the labour contract between the employer and the employee states that the employer to pay such cost, then the cost of return ticket for the employee to his/her home country shall be borne by the company.

Notice period serving when resigned

Article 117 of UAE Federal Law No. 8 of 1980 states a notice period of 30 days is to be given, by either the employer or the employee depending on which party need to terminate the contract. In this case the employee must serve the 30 days notice period.

The worker may approach the Ministry of Labour in case the employer refuses to cancel your visa.

UAE News:UAE to remove 6-month labour ban from Jan 2016

UAE to remove 6-month labour ban from Jan 2016


The labour ban can be dismissed if the work permit and employment are terminated in mutual agreement between employee and employer.

Ministry of Labour Al Qusais Dubai
The New Year will acclaim the ban-free labour sector in the UAE, much to the benefit for thousands of expatriates.

The Ministry of Labour reported that beginning January 2016, it is going to revoke the six months ban rule, if the employees and employer choose for the mutual termination of the work permit.

The new labour law is part of the new resolutions issued by the Mr. Saqr Ghobash Saeed Ghobash - Labour Minister in September this year.

Humaid Rashid bin Dimas Al Suwaidi, Assistant Undersecretary at Ministry of Labour, stated that under the new resolution, employees who desire to terminate job contract with a permission from their employers will be permitted to transfer to other companies, even if they have not completed two years at the present office or company.

However, employees in grade IV and V who have not completed six months with the first job are exempted from this rule, he further added.

Al Suwaidi mentioned that currently workers who have even completed two years are also not permitted to transfer to a different company immediately. They are really allowed to join up another job only after a period of six months from the date of cancellation of the work permit.

Al Suwaidi verified that the new rule is meant to attract and retain talent, and is in line with the strategic objective of the UAE government to being a knowledge-based economy attracting worldwide talent for jobs in UAE.
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