UAE Company Formations to Increase with Faster UAE Residence Visas
July, 2017
The UAE Government has announced that the waiting time for UAE Residence visas for employees of the private sector will be reduced by half.
Furthermore, as reported by whatson.ae, the UAE Government has committed to starting the new, faster processing of UAE Residence Visas in only one hundred days.
A simpler, more streamlined process for UAE Residence Visas is a sigh of relief for employers as well as for employees who have relocated or are in the process of relocating to the UAE to start work.
The faster UAE Residence Visa process for employees will boost UAE company formations as foreign investors will be attracted to the efficient, hassle-free visa processing for their employees.
Contact Us for Your UAE Company Formation – The UAE is the Preferred Business Destination for International and Local Organizations
In the UAE a person (or someone who can sponsor the person) needs a UAE Residence Visa to sign a tenancy contract, open a bank account and get an Emirates ID. This means that people’s everyday lives and routines are put on hold in a way for at least 3 weeks while they are waiting for their residence visa to be issued. Halving this “waiting period” will be much appreciated by employers as well as employees.
Read Why UAE Company Formation is a Recipe for Success
What are the Benefits of a UAE Company Formation?
The United Arab Emirates is one of the most popular jurisdictions for company formations. It is a highly attractive, tax-free jurisdiction and offers all the advantages and benefits of a fast growing economy.
Investors can enjoy the following advantage and benefits with a UAE Company Formation:
- 100% foreign ownership for companies in UAE company formation in free zones
- 0% corporate tax
- 0% income tax
- 0% taxes on sales, capital and wealth
- 100% repatriation of capital and profits from the business with zero restrictions
- 0% import and export custom duties
- Free enterprise and open/free economy
- Access to huge business opportunities from MENA and Asia regions
- Many sector specific, UAE free zones with easy access to the specific services and expertise
- Solid laws and regulations
- Competitive business start-up and running costs
- Competitive freight costs
- Competitive real estate prices
- Highly developed transportation system
- Excellent telecommunications systems
- Reliable power supplies and utilities
- Abundant supplies of energy
- Superb choice of sea, air, rail, road travel options
- Experienced financial and services sectors
- Excellent facilities like hotels, restaurants, malls, hospitals and schools
- Simple and swift UAE company formation and licensing procedures within the UAE free zones
- State-of-the-art office and residential units at competitive prices with long leases
- World-class exhibition and conference facilities
- 24/7 access to operations
- Simple and clear staff recruitment procedures
- Access to abundance of low cost workforce
Click Here if You Need More Information on the Advantages of a UAE Company Formation
and
Click Here for More Information on the UAE’s Lifestyle Advantages
UAE Company Formation – How We can Help You
It’s important to be aware that finding and trusting experienced, professional corporate services experts will end up saving you time and money.
You need to get your UAE company formation corporate structure right from the start.
We assist you with:
- Advice and consultancy on the most suitable UAE free zone and UAE company formation type
- Government related applications and documents, liaising with Government authorities
- Document drafting, submitting and notarizations
- Opening corporate and personal bank accounts
- Issuing UAE Residence Visas
- Emirates ID’s
- Medical tests
And all the necessary services to set up and operate your UAE company…
The FBS Kotsomitis 5-Step UAE Company Formation Process
We will guide you through the five steps involved in a UAE company formation –
Click on the links below for the 5 simple steps for your UAE company formation:
Step One: Get in Touch with FBS Kotsomitis
Step Two: Select your most suitable company type
Step Three: Start the UAE company formation process
Step Four: Opening of corporate and personal bank accounts
Step Five: Begin to operate your UAE company with the support of FBS Kotsomitis
A Look at UAE Residence Visas
The process of issuing of a UAE Residence Visa currently takes about 1.5 to 3 weeks or more. If the applicant is in a free zone the process is quicker.
The UAE’s commitment to halve the processing time for the issuing of UAE Residence Visas is part of the UAE Vision 2021 that aims to make the UAE’s government-related procedures much more efficient and customer-friendly.
UAE Investor Residence Visas
3-Year Investor Residence Visas – Click Here for More Information and Guidance
A foreign investor can obtain a UAE Investor Visa with two ways:
- Create a UAE Free Zone Company – meaning that you do not have to purchase a property in the UAE to get your visa. This is the most convenient and efficient option and means that you will obtain a 3 year, renewable UAE Residency Visa. The UAE Free Zone is your visa and it will state owner, partner or investor as the designation – we recommend this option – Contact Us for Your UAE Company Formation
- Buy a UAE real estate, and obtain a residence visa in the UAE. Furthermore, enjoy attractive rental yields and capital appreciation – Contact Kotsomitis Real Estate LLC to Buy a UAE Real Estate
If you wish to obtain a UAE Residence Visa by setting up a UAE Free Zone company, we would be delighted to serve you.
Contact FBS Kotsomitis for Hassle Free, Low Cost, Fast UAE Residence Visas and UAE Company Formation
| UAE Residence Visas – Frequently Asked Questions | |
| Question | Answer |
| I have accepted a position at a UAE based company. Who will deal with my UAE Residence Visa? | Your employer is responsible for all formalities related to your visa. |
| How long can I stay in the UAE with my Residence Visa? | A UAE Residence Visa is issued for a period of 3 years and is renewable without limitations on the number of times, as long as you do not exit the UAE for over 6 months. |
| What documents are required to issue a UAE Residence Visa? |
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| What happens after the submission of these documents? | Once the documents have been submitted, a Pink Slip is issued which is the 60-day employment visa. Then a medical will have to be done, together with fingerprint records. |
| Can I sponsor my family with my UAE Residence Visa? | Yes, you can sponsor your wife/husband and children under 18 years old (even your step children) with a UAE Residence Visa. |
| What documents are needed to sponsor my family? |
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| Is there a minimum salary for sponsoring family members? |
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