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DMCC Licenced Companies Can Now Operate From Their JLT Office with Dual Licence Office Permit

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DMCC Licenced Companies Can Now Operate From Their JLT Office with Dual Licence Office Permit DMCC member companies with a DED branch/ subsidiary / a company with common shareholder can now operate from their JLT office after obtaining a dual licence office permit. This helps in saving the cost of leasing another office for the DED licence. Key Points to Consider When Applying For A Dual Licence Office Permit Companies occupying office space in DMCC planning to share the unit with another DED company must strictly obtain a dual licence office permit. After obtaining the licence, they should always abide by the relevant requirements of dual licence office permit. The validity of this licence permit is one year and can be cancelled anytime by the applied DMCC Company. It can be also terminated by the DMCCA. Only DMCC licenced companies can apply for dual licence office permit. Property type should be office according to the title deed of the Unit. Sharing of any other property types such as shops, flats, land are not permitted. Units within business centers such as co-working spaces, incubation centers, and accelerators are not entitled for dual licence office permit. Retail and industrial activities are not eligible for dual licence office permit. Every company must be allocated a specific area within the unit with a minimum area size of DMCC Company being 300 sq.ft. The standard Visa quota policy shall be applied wherein the quota for DMCC Company shall be calculated based on the actual area allocated to the company. For DED Company, the visa quota and process will be based on the DED rules and requirements. Certain licence activities may not be eligible for dual licence office permit and this shall be at the sole discretion of DMCC. A company cannot apply for a new dual licence office permit if there is an existing sanction on their account. Late renewal of dual licence office permit may attract penalties from DMCC. Dual licence office permit cannot be amended after it is issued. Once the application of dual licence office permit is issued, permit fee is non-refundable. When it comes to visas, DED companies follow the mainland regulations as per DED requirements. However, DMCC companies must apply for access approval for all non DMCC employees sponsored under the DED licence and wish to work from the same premises. DED companies should submit a report from Ministry of Human Resources and Emiratization compiling the names of all sponsored employees. This service will be provided to all DED companies only through the DED service center located in High Level Business Center (DED Café).

Business Consultancy

A Step By Step Guide for Setting Up A Restaurant Business in Dubai

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A Step By Step Guide for Setting Up a Restaurant Business in Dubai Starting up a restaurant in a place like Dubai is a lucrative business idea as this destination attracts approximately 4.7 million tourist visits every year. The industry is further going to flourish in the upcoming days with the advent of Expo 2020. Therefore if you are planning to set up a restaurant business in Dubai, this is the right time. Here is a step by step guide given below: Identifying a local sponsor If you are planning to set up your restaurant business in the Dubai mainland, it is mandatory to have a local sponsor. A local sponsor is a UAE national who acts as a representative for all government-related paperwork and approvals. It is essential to find an educated, reliable, and trustworthy local sponsor. Applying for the trade license Before starting a restaurant business in Dubai, one needs to obtain a trade license issued by the  Department of Economic Development (DED). Before applying for the trade license, one must first select a trade name and then file with the DED for initial approval. Selecting a strategic location The next step is selecting an ideal location. You need to decide where you want to set up your business-mainland, free-zone, or offshore. Choose the location based on these crucial factors such as visibility, accessibility, customer base, affordability, and proximity to suppliers. Also, confirm with the Municipality of Dubai whether the restaurant business activity is permitted in that selected area and obtain a no-objection certificate. Special approvals Food License:  Soon after receiving the trade license, you need to procure a food license for receiving the construction plan of your restaurant. A food license is issued by the Food Safety Department in Dubai and it is mandatory to follow the food code for ensuring food safety right from the production to the distribution stage. One needs to also obtain other selective permits such as Ramadan Permit, Liquor Permit, Pork Permit, and Delivery Permit.  Submitting the kitchen layout After getting the initial approval, you need to submit the kitchen layout to the Food Safety Department.  Drafting a memorandum of association The next step is making an LLC memorandum of association. This is a commonly agreed set of clauses between the shareholders. Both the ex-pat and local sponsor need to sign this contract in front of the Dubai court official notary public. Issue of License This contract will be submitted to the DED along with initial approval. After the successful completion of all processes, your restaurant license will be issued. If you are planning to set up a restaurant business in Dubai, Corpin Consultants can make the entire process less tedious for you. We have a team of experts who will guide you in every step with continued commitment. Contact us at +971 55 843 2911 or info@corpinconsultants.com for a free consultation.

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Business Consultancy

The Latest UAE Visa Rule: Six Month Stay Extended for 5-Year Tourist Visa Holders

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The Latest UAE Visa Rule: Six Month Stay Extended for 5-Year Tourist Visa Holders On January 6, 2020, the UAE government has announced a 6-month extension for all five-year tourist visa holders visiting the country. This decision was made by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai during the first Cabinet meeting of the year on Monday. Sheikh Mohammed affirmed that this new rule is aimed at consolidating the UAE’s status as a global tourist destination. Currently, the country attracts 21 million visitors every year. “The year 2020 will be different because it is the year of preparation for the next 50, the year in which we design the future of the emirates,” his highness mentioned on Twitter. Previously the tourist visa validity was thirty days or ninety days for single or multiple entries. The new five-year validity tourist visa will allow visitors to stay for up to six months on every entry within the span of five-year validity. However, the terms and conditions will remain the same for all types of tourist visas. This crucial initiative comes in conjunction with the preparations to host Expo 2020 Dubai, the much-awaited global event organised by the UAE. The decision will further boost the tourism sector which is a key pillar of the country’s economy. Meanwhile, Ali Mohammed Bin Hammad Al Shamsi, Chairman of the Federal Authority for Identity and Citizenship made a statement that the Federal Authority for Identity and Citizenship has been assigned for implementing this new decision. He also emphasized the active role of the UAE government in implementing laws and regulations for strengthening its global position and boosting the tourism sector. He concluded by affirming that the UAE is a state of law and justice. Right now, more than 200 nationalities reside in harmony, love, and tolerance. For any visa-related services, never hesitate to contact us at +971558432911 or email at ek@corpinconsultants.com

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Business Consultancy

Checklist to Apply for a Family Visa in the UAE

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Checklist to Apply for A Family Visa in The UAE According to the latest data published by the UN, more than 80 per cent of the UAE population constitutes of foreign nationals. The rapidly progressing business environment in the country offers a promising future for them. In order to accommodate such a diverse foreign population, the UAE government are providing family visas for employees and investors. An expatriate resident in the UAE is eligible for a family sponsorship only if he has a monthly salary of Dh4,000 or Dh3,000 plus accommodation. If he wishes to sponsor his parents, he needs to have a monthly income of Dh20,000. If you are planning to apply for a family visa in the UAE, here is a checklist to consider: 1. Make your documents ready A legally translated and attested marriage certificate Original and attested birth certificate copies of children Valid passport copies of family members( valid for at least 6 months) Passport-sized photographs with white background (ears, forehead,& chin clearly visible) A copy of your registered tenancy contract 2. Visit an Amer centre Once your documents are ready, visit the nearest Amer centre with your original Emirates ID or visit www.amer247.com to apply for an e-visa. Once the process is initiated, you will receive an e-visa in your registered email address within 48 hours. After receiving the e-visa, you can apply for your family’s residence visa in 3 ways: If your family is not in the UAE, a normal e-visa will be issued for entering the country If they are already in the country, either on a visit visa or an old residence visa, you may need to exit the country and reenter with the e-visa. You can also place a request at the Amer centre for change of visa without exit. From the typing services desk get a medical test application and Emirates ID application. 3. Perform the medical test Visit your nearest Dubai Health Authority (DHA)medical fitness centre with the form and perform the medical test. Once the medical results are published, you will be notified via email. 4. Get the Emirates ID Visit a Federal Authority for Identity and Citizenship centre with the following documents: Emirates ID application of family members Your original Emirates ID Photographs of family members Submit the Emirates ID application and complete the biometrics process. 5. Get a health insurance Health insurance is mandatory for all who apply for a resident visa in the UAE. 6. Get the visa stamped The last step is to get your visa stamped on the passport. For that, you need to visit the Amer centre with the following documents: Medical fitness report Emirates ID application Original passport of the family members Health insurance documents Your (sponsor’s) original Emirates ID After applying for the passport stamping, you will receive a call from authorized courier service for the collection of passport. Once the stamping is complete, it will be delivered to you through the same courier service. For Abu Dhabi and other Emirates also, the visa application procedure is almost the same. Here the entry permit or e-visa is referred to as tasheera. You can apply for it either by visiting a typing centre or online. Visit https://echannels.moi.gov.ae and select the ‘Individual Services’ option. After entering your email address, you will receive an email with a registration link. Receive the tasheera within two working days after submission. Corpin Consultants is a renowned business setup consultants in Dubai with a successful track record of offering top-notch visa, PRO, and bank account opening services. If you wish to have a free consultation, call +971 55 843 2911 or drop an email at info@corpinconsultants.com.

Business Consultancy

Virtual Company License in Dubai-Quick Facts

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Virtual Company License in Dubai-Quick Facts Happy news for all entrepreneurs planning to set up their business in Dubai! Dubai economy has recently announced the launch of ‘virtual company license’ enabling non-resident investors and freelancers to set up their business in Dubai without having a residence visa. This initiative inclines with the third article of the 50-year charter announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE for building a virtual commercial city in Dubai. What is A Virtual Company License? A virtual company license will enable investors to register and manage a business without residing in Dubai or the UAE. It meets the international legal standards thereby investors can easily perform all business-related activities digitally including document signing and submission. Advantages of  A Virtual Company License Less administrative and business setup costs Complete Online access to your company anytime anywhere Explore exciting business opportunities in Dubai Meeting new customers, markets and generating investment opportunities Enrollment in virtual companies’ directory Eligibility Criteria for Virtual Company License Applicants cannot be residents of Dubai or the UAE. Owners of virtual companies in Dubai must be either nationals or tax residents from any of the approved countries mentioned in VCC’s official website. Only business activities from the predefined sectors mentioned in the website can set up a virtual business in Dubai. These sectors include printing and advertising, computer programming, consultancy and related activities; design services in the fields of fashion, jewellery, and interior design. All applicants are subject to a background check by Dubai Government authorities Steps to Apply Visit the Dubai Virtual Commercial City’s official website and fill up the company registration form. Enter your name, contact details, date of birth, passport information and previous experience in Dubai, if any. Mention the trade license, name of the company and the intended business activity. Upload the documents listed below: Passport copy (with more than 3 months till expiry) Proof of address (any utility bill or official letter, not more than 3 months old) Proof of tax residency (if you are not from the approved countries) A recent photograph with white background (not more than 3 months old) Once the application is submitted, the Dubai government authorities will perform background verification within a month. Once it is completed, the applicant may receive an email notification with the approval or rejection status. Soon after receiving the approval, the applicant must make a personal visit for identification and passport verification. After validating the identification, the applicant can pay the cost of virtual license via ePay, the VCC’s official payment gateway. With the introduction of this virtual company licensing initiative, there will be a drastic rise in the number of business setups in Dubai. If you are residing in the UAE and planning to set up your business in Dubai, Corpin Consultants can make the entire process easier for you. Call +971 55 843 2911 or drop an email to info@corpinconsultants.com to know more about our business setup services.

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