The Free Zones of UAE have become the major trading hub of the region due to the business support initiatives offered by the UAE Government and the Free Zone Authorities. Anyone can set up a Free Zone Company in UAE in a hassle-free way with an affordable company registration fee.

The Free Zone company can be registered with or without an office. It remains the most sought after company structure among foreign investors due to several investor benefits such as:

• 100% Foreign Ownership
• Tax-free Income – No Corporate or Income Tax
• 100% profit repatriation and capital transfer
• Few Free Zones in UAE are VAT exempted
• Access to world-class infrastructure facilities
• No Customs Duty on imports to the Free Zones. Perfect choice for Trading Companies operating locally as well as in international markets
• Proximity to one of the busiest Airports and Seaports in the world
• Global Connectivity – Direct Connection via Airport, Seaports.
• Easily scale-up business by leveraging the enormous business opportunities through networking, meeting, and events at the Free Zones

Our team is proficient in the successful execution of the following company setup-relate services:

• Setting up a UAE Freezone Company
• Obtaining a Trade License,
• Chamber of Commerce registration,
• Opening of Bank Account

The area that acts as an epicenter for most business operations is known as the UAE mainland. This is also known as an area for onshore company formation. UAE mainland is the total geographical area, permitted by the Department of Economic Development (DED) of the respective emirate for all business entities to operate business functions freely.

Documents Required to Start a Mainland company Setup in Dubai – UAE

• Trade Name ( At least 3 name choices)
• Business Activity
• Passport copy of the shareholders.
• Entry stamp or Visa page.
• Passport size photograph.

Types of Mainland Company Setup in UAE

• 1-Legal Type: Limited Liability Company, Civil Company, Sole Establishment, Subsidiary Company, Branch Office Setup, Branch Office of Foreign Company, Branch Office of Local Company.
• 2-License Categories: Professional License, Commercial License, Industrial License, Tourism License.

Foreigners who want to live and work in the United Arab Emirates long-term need a UAE Residence Visa. A residence visa for the UAE offers the holder a lot of benefits, including:

• Opening a bank account
• Bank loan (personal or car loan)
• Visa-free access to several countries
• Your children can attend government or private schools
• Holder a get a driver’s license
• You have access to government health services and health insurance

When applying for a UAE Residence Visa, you must have several supporting documents, such as:

• The UAE Visa Application Form
• Your original passport
• Two passport-size pictures, in line with UAE visa photo requirements
• Your entry visa
• Proof of your sponsor’s legal residency / UAE citizenship
• Proof you have passed a medical fitness test
• Proof of UAE health insurance plan
• For family visas, include proof of family ties, such as birth/marriage certificates
• For a work visa, your sponsor must include the work contract & copies of the company’s valid trade license and valid firm card

To obtain your Residence Visa book a call today with our team of experts.

Expatriate residents, both employers, & employees may sponsor their families in the UAE provided they have a valid residency permit. Male residents who are employed in the UAE can sponsor their immediate family members, such as wives & children, subject to conditions that include a minimum salary of AED 4,000 or AED 3,000 plus accommodation.

A resident sponsor has 60 days to apply for his dependents’ residence visa after they enter the UAE and modify their status from an entry permit holder to a residence visa holder.

Family members are issued visas for one, two, or three years depending on the nature of the work and labor contract of the sponsoring member & his capacity as an employee or employer.

In order for the UAE to grant or renew a residence visa for family members, males and females who have completed the age of 18 need to undergo & pass medical fitness tests at government-approved health centers in the UAE.

Also, sponsorship is available for:

• Parents of the resident
• Wives minimum up to 2 if met with the requirements set by the respective GDRFA
• Unmarried daughters
• Sponsorship to sons
• Sponsorship to stepchildren

We assist in opening Business bank accounts which include numerous formalities to open a UAE Business Bank account. Also, we help you to identify the best banks in UAE as per the requirements of your business.

At VR1 Global, we help our clients in setting up Business Bank accounts which is a very complex and time-consuming process. We aid you in opening the right banks as per the needs of your business with high quality and competitive prices.

Banks are a little hesitant to provide loans to Individuals having no track record in UAE, especially without local partner guarantees.

UAE banks consider the eligibility for loans only based on 1 to 3 years’ track record, so the new businesses have to sustain themselves on their own.

The common ways to get finance for small businesses in Dubai-UAE are:

• Loan against the salary of the owner
• Credit cards converted into 12 months starting loans
• Mortgage against property
• Business Loans as overdrafts against collateral
• Most of these require track records for a few months at least and for big companies, there are different options for funding
• Background and credit ratings of the owners
• Collateral Possibilities
• Business Plan