What is Ejari?

Ejari is an online registration system introduced by the Real Estate Regulatory Agency, and it plays a pivotal role in regulating rental and lease contracts in Dubai. Its primary purpose is to formalize and legitimize the relationship between landlords and tenants in the city.

Why Ejari Matters: The Facts

A License Prerequisite: If you’re looking to secure a new trade license in Dubai, Ejari is a non-negotiable requirement. It’s the first step towards establishing your business legally in the region, unless the new trade license incorporation provided is an instant license, which means there is no Ejari requirement for the first year.

License Renewals: The importance of Ejari doesn’t diminish once you have your license. It’s an ongoing necessity. When it is time to renew your trade license, Ejari is still front and center, ensuring your business remains compliant with local regulations.

Employee Quotas: When you’re ready to expand your team and hire new employees, the government requires you to have an employee quota. To apply for this quota, an Ejari certificate is essential. It’s a critical document that allows the government to conduct inspections and ensure that your workspace meets the necessary standards.

Seeking Ejari assistance? We’re here to help!

Navigating the world of Ejari and trade licenses in Dubai can be complex, but you don’t have to do it alone. We offer free consultations to guide you through the process, ensuring that your business stays on the right side of the law.

In conclusion, Ejari isn’t just a bureaucratic formality—it’s the anchor that holds your trade license in Dubai together. Without it, you’ll find yourself facing hurdles and obstacles that could hinder the growth and success of your business. So, if you’re treading the path of entrepreneurship in Dubai, make sure Ejari is at the forefront of your mind, and don’t hesitate to reach out to us for expert assistance. Your business’s success depends on it.

• Termination of contract
• Trade License Renewal
• Company Local Sponsorship
• UAE: Visas, Residency Permits That Don’t Require a Sponsor for Entry

Living and working in the UAE offers exciting opportunities, but navigating the regulations can be complex. Here’s why having a valid visa is crucial for a smooth and compliant experience:

Legal Residency: A valid residence visa allows individuals to legally reside in the UAE. Without a proper visa, individuals may be considered illegal residents and could face penalties, fines, and even deportation.

Employment and Work: For expatriates seeking employment in the UAE, a valid work visa is necessary to legally work for an employer. Employers are typically required to sponsor their employees’ visas, ensuring that they have legal permission to work and reside in the country.

Access to Services: With a valid visa, individuals gain access to various essential services, including healthcare, education, and social benefits. This ensures that residents can access necessary services and contribute to society’s overall functioning.

Business Activities: Entrepreneurs and businesspeople often require valid visas to establish and operate businesses in the UAE. Different types of business visas exist, allowing individuals to conduct business activities legally.

Property Ownership: Having a valid visa can be a requirement for purchasing property or leasing real estate in the UAE. This is particularly relevant for expatriates looking to invest in property.

Legal Protection: A valid visa provides legal protection to individuals within the UAE’s jurisdiction. It establishes an individual’s legal status in the country and ensures they are subject to the country’s laws and regulations.

Avoiding Penalties and Deportation: Overstaying a visa or residing in the UAE without a valid visa can lead to fines, penalties, and even deportation. Having a valid visa helps individuals avoid these legal consequences.

Travel and Mobility: A valid visa often allows individuals to travel in and out of the UAE as needed. Different types of visas have varying travel restrictions and durations, so having the appropriate visa type is important for maintaining one’s travel flexibility.

Family Reunification: Family members of individuals working or residing in the UAE can often join them using family residence visas. This allows for family reunification while ensuring legal compliance.

Contributing to the Economy: The UAE’s economy heavily relies on expatriate workers and entrepreneurs. Valid visas ensure that individuals contribute to the economy through their work, investments, and spending.

Dahhan Business Services: Your Compliance Partner in securing your residence visa

At Dahhan, we specialize in simplifying compliance for individuals and businesses in the UAE. Our team of experts guides you through the ever-changing regulations, providing:

• Unwavering Commitment: We ensure your complete compliance with UAE laws and best practices.
• Deep Expertise: We navigate the intricate web of regulations, leaving no room for errors.
• Tailored Guidance: We understand your specific needs and offer personalized solutions.
• Proactive Monitoring: We stay ahead of regulatory changes to keep you compliant. Compliance is not just an obligation; it’s a foundation for success. Contact Dahhan today for expert visa guidance and to build your future in the UAE with confidence.

• When can employment bans be imposed?
• Dependents visa
• Property Owner Visa
• UAE: Visas, Residency Permits That Don’t Require a Sponsor for Entry

Dubai dropped the minimum down payment requirement for property buyers to be eligible for long-term residency permit

The UAE’s much sought-after Golden Visa has been awarded to thousands of investors, professionals, students, and entrepreneurs since its launch in 2019.

According to the General Directorate of Residency and Foreigners Affairs (GDRFA) – Dubai, there was a 52 percent increase in the issuance of Golden Visas in the first half of 2023. As of November 2022, the emirate had issued more than 150,000 Golden Visas to eligible property buyers, investors, professionals, and others.

The 10-year visa offers various advantages for holders, including issuing residence permits for family members, including spouses and children. The age limit for sponsored children has been increased from 18 to 25 years, and there is no age restriction for unmarried daughters. Residence permits are granted to children of determination, regardless of their age. Additionally, there are no restrictions on sponsoring the number of domestic workers, and the Golden Residence remains valid without any limitations on the maximum duration of stay outside the UAE.

Professionals working in healthcare, media, IT, and other industries with a monthly salary of Dh30,000 or above are eligible for the Golden Visa.

However, there are certain categories where people are not required to have a job to apply for a 10-year visa. Here are five of them:

Property buyers: UAE residents and foreign investors who buy one or more properties with a total value of Dh2 million and above can apply for the Golden Visa. This includes both off-plan and existing properties in the country.

In a major announcement, Dubai dropped the Dh1 million down payment requirement for property buyers to be eligible for the 10-year visa. However, the total value of the property should still be Dh2 million and above to meet the eligibility criteria.

Cash deposit: High-net-worth individuals can deposit Dh2 million with a local bank for two years to be eligible for the prestigious visa. Many local banks in the country are offering help to the people who opt for this scheme.

Entrepreneur: The executive regulations set flexible requirements for entrepreneurs eligible for the Golden Residency. An entrepreneur should own or partner in a startup registered in the country in the small and medium enterprises (SMEs) category and generate annual revenues of not less than Dh1 million.

Moreover, if the person is a founder or one of the founders of a previous entrepreneurial project(s) that was sold for a total value of not less than Dh7 million, he/she will be entitled to the Golden Residence. The approval of the Ministry of Economy or the competent local authorities is required for projects or ideas.

Scientists & researchers: Golden visa residency is granted to scientists and researchers with high achievements and influence in their field based on recommendations from the Emirates Scientists Council. The candidate should have a PhD or Master’s Degree in the disciplines of engineering, technology, life sciences, and natural sciences from the best universities in the world, as well as substantial research achievements.

Outstanding students: High-performing students in UAE secondary schools, outstanding graduates from UAE universities, and the best 100 universities worldwide could apply for the 10-year visa. Specific criteria include academic performance (cumulative average), the year of graduation, and the university classification.

• UAE Golden Visa Explained: Who Can Apply, What Are Its Benefits?
• Golden Visa
• Property Owner Visa
• UAE: Visas, Residency Permits That Don’t Require a Sponsor for Entry

The information contained in this presentation is for general informational purposes only related to any governmental updates.
We do not own such content and it is all credited to the news provider, Al Khaleej News.
https://www.khaleejtimes.com/

Setting up a Medical Company in the United Arab Emirates (UAE) involves navigating through specific regulations and procedures related to the healthcare industry. Here is a general guide to help you understand the key steps involved:

Market Research and Feasibility Study:

• Conduct a thorough market research and feasibility study to understand the demand for pharmaceutical products in the UAE. Identify potential competitors, target market segments, and regulatory requirements.

Licensing Requirements:

Requirements for Individual Ownership:

• New license application form (will be shared upon confirmation)
• Colored scanned double-page passport (front and back)
• Digital passport photo
• Emirates ID if there is any
• If the shareholder has a visa under a company, then an NOC is required

Requirements for Corporate Ownership:

• Official Certificate: This is an official certificate issued by the relevant authority in the country where the parent company is registered. It should include details such as the name and date of establishment of the company, legal status, capital, business activities, and names of the company’s owners.
• Memorandum of Association (MOA) / Articles of Association (AOA): These documents outline the company’s internal regulations, structure, and governing principles.
• Passport Copies: Copies of the passports of every shareholder and general manager associated with the parent company.
• Board Resolution: A board resolution is needed, and it should specify the following details:

1. The decision to establish a representative company in Dubai.
2. The names of the appointed manager(s) for the representative company in Dubai, United Arab Emirates (UAE).
3. The power of attorney granted to the appointed manager(s), including the specific capacities assigned to each manager, such as:
   1. c-1. Authorized signatory for opening and closing the company bank account, conducting bank transactions, and signing cheques.
   2. c-2. The manager is responsible for overseeing the company’s operations.

• c-3. The manager’s name(s) should appear on the trade license (one or more managers).

1. The power of attorney given to the authorized person to act on behalf of the parent company, sign all related documents for setting up the representative company,
   1. select suitable activities, and sign any agreements.
2. Minutes of Meeting

IMPORTANT NOTE:

Please be aware that if the parent company is incorporated outside the UAE, the following documents require notarization in the country of origin and attestation by the UAE embassy. After that, they must be attested again in the UAE. The documents must be submitted in English or Arabic. If the original documents are in another language, certified translations will be required for submission. The documents that need notarization and attestation are:

1. Board Resolution
2. Official Certificate
3. Memorandum of Association (MOA) / Articles of Association (AOA)
4. Power of Attorney
5. Minutes of Meeting
6. Additionally, any other relevant documents pertaining to the company should be included in the submission.

Legal Structure and Licensing:

• Choose the legal structure for your pharmaceutical company (e.g., Free Zone Company, DED Mainland). The legal structure will impact licensing requirements.
• Obtain the necessary licenses from the relevant authorities, including Dubai Health Authority (DHA).

Local Partner or Agent:

• For a medical facility incorporation, a local partner or agent is not required we still have to monitor for any changes in the regulations. This partner can be an individual or a company, and their involvement is often mandatory for certain business activities.

Incorporation and Activity:

• Incorporation a new license requires activity and with this, the services to provide will be determined, such as the sample below:

Dubai Health Authority Approval Requirements and Fees:

(This stage is after generating the initial approval.)

Average Processing Time:  10 working days

Required Documents

• Owner/ Partners valid passport copies (and Emirates ID if applicable)
• Engineering Layout from an engineering/design company
• Prepare facility proposal to be filled in the application form (to be shared once confirm)
• Trade license (if available)
• Licensed Laboratory Personnel

Product Registration:

• Register any medical products with the DHA or UAE Ministry of Health and Prevention and Dubai Municipality. This process involves submitting documentation related to the safety, efficacy, and quality of the products.

Distribution and Logistics:

• Establish a reliable distribution network for your pharmaceutical products. Ensure compliance with regulations related to storage, transportation, and distribution.
• Work with licensed distributors and pharmacies to sell and distribute your products.

Employment and Staffing:

• Recruit qualified personnel, including pharmacists, quality control experts, and administrative staff.
• Comply with UAE labor laws regarding employment contracts, working hours, and other relevant regulations.

Approximate Licensing Fees:

BUSINESS SET-UP (MEDICAL LABORATORY)
Srl.	Description	Approx. Government Fees (in AED)	PRO Service Charge & Sponsorship Fees (in AED)
1	DED Trade license fees	AED 17,000
2	Market Fees	5% of the Ejari
3	Sponsorship Fees		To be confirm
4	Service Charge Fees of Business Set-up		To be confirm

Note: Ejari, is mandatory for a medical facility.

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

In the dynamic and thriving job market of the United Arab Emirates (UAE), employees often find themselves at a crossroads when it comes to prioritizing between loyalty to their employer and seeking a higher salary. The balance between job loyalty and financial incentives is a perennial debate, and understanding the preferences of employees in the UAE can shed light on the evolving dynamics of the workforce in the region.

Loyalty: A Cultural Pillar

Loyalty is deeply ingrained in the cultural fabric of the UAE. Traditionally, employees in the region have placed immense value on long-term relationships with their employers. Many view job stability and loyalty as virtues, and the strong bonds formed within the workplace contribute to a sense of community and belonging.

Factors Contributing to Loyalty:

1. Company Culture: A positive work culture that fosters collaboration, recognizes achievements and supports personal growth often leads to increased employee loyalty.
2. Career Development Opportunities: Companies that invest in their employees’ professional growth and provide avenues for career advancement are likely to build a loyal workforce.
3. Job Security: The stability offered by a secure job is highly prized, particularly in uncertain economic climates.

Salary: The Driving Force

While loyalty remains significant, the economic landscape also plays a pivotal role in shaping employees’ priorities. The UAE has become a global business hub, attracting professionals from diverse backgrounds, and competitive salaries are crucial in retaining top talent.

Factors Influencing Salary Prioritization:

1. Cost of Living: As the cost of living in the UAE continues to rise, employees are increasingly prioritizing salaries that allow them to maintain a comfortable standard of living.
2. Market Demand for Skills: Industries with a high demand for specific skill sets often witness employees favoring roles that offer competitive compensation packages.
3. Global Market Benchmarking: UAE professionals, many of whom have international experience, may compare their salaries with global standards, influencing their expectations.

The Balancing Act:

Employers in the UAE are presented with the challenge of striking the right balance between fostering loyalty and providing competitive salaries. Progressive companies recognize the importance of both elements and are adopting strategies that incorporate employee well-being, professional growth, and financial incentives.

Strategies for Achieving the Balance:

1. Flexible Benefits Packages: Tailoring benefits to individual preferences, such as wellness programs, education assistance, or flexible work arrangements, can enhance employee satisfaction.
2. Transparent Communication: Open and transparent communication about the company’s financial health, future prospects, and commitment to employee growth can strengthen trust.
3. Performance-Based Rewards: Linking financial incentives to individual and team performance can motivate employees while promoting a culture of meritocracy.

Conclusion:

In the ongoing debate between loyalty and salary, employees in the UAE are navigating a complex landscape shaped by cultural values, economic realities, and personal aspirations. Striking the right balance is essential for companies aiming to attract and retain top talent in this competitive market. Ultimately, a holistic approach that values employees’ contributions, supports their growth, and provides competitive compensation will likely be the key to success in the evolving job market of the UAE.

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

Are you ready to dive into the world of real estate entrepreneurship? Launching your real estate firm can be a thrilling and rewarding venture. However, setting up a successful business in the competitive real estate market requires careful planning and execution.

In this step-by-step business setup plan, we will guide you through the process of starting your real estate firm. From establishing your brand to building a team, and finding clients to securing funding, we will cover all the essential aspects of launching your real estate business. Each step will be outlined in detail, providing you with valuable insights and practical tips to ensure a smooth and successful startup journey. Whether you are an experienced real estate professional looking to branch out on your own or someone with a passion for property and a desire for financial independence, this guide is for you. Get ready to turn your dreams into reality and embark on an exciting new chapter in your career. Let’s get started on building your real estate empire.

To obtain a Real Estate license in Dubai, here are the following guidelines for reference:

Setting up a real estate company in Dubai can be thrilling, but navigating the process requires careful planning and attention to detail. Here’s a step-by-step guide to help you get started:

1. Select your Trade name, Business Activity, and Company Structure

Company Structure

1. Sole Proprietorship– Owned and managed by one person. No separate legal entity exists. The owner has unlimited personal liability for all business debts and obligations.
2. LLC– Can be owned by one or more individuals or companies. Shares can be distributed among owners. There must be a designated manager, who can be an owner or an external person.
3. Branch Office– Owned and managed by the parent company. The branch manager acts as a representative of the parent company.

Activities:

1. Buying and selling of real estate
2. Real Estate Consultancies
3. Real Estate Survey Services
4. Real Estate Finance
5. Real Estate Services Center
6. Real Estate Registration Agent
7. Real Estate Representative Office
8. Real Estate Valuation Services
9. Real Estate Development
10. Real Estate Training Institute
11. Real Estate Exhibition Organizing
12. Real Estate Management
13. Supervision Services
14. Real Estate Buying & Selling Brokerage
15. Real Estate Services Trustee
16. Real Estate Promotion Trustee

IMPORTANT NOTE: RERA is charging AED 5,020 per activity. And the license fee will not be lower than AED 14,000

   2. Registration of the Application form

This involves an Initial License application, Trade name registration, and Business activity application, here are the following requirements to submit:

Requirements:

1. Colored Passport Copies of all the shareholders
2. Colored Visa Copies of all the shareholder (if there’s any)
3. Colored EID Copies of all shareholders (if there are any)

3. Obtain external approval as needed

To obtain a Real Estate license in Dubai, we must obtain approval from the following Government Entities:

• Dubai Land Department (DLD) License which is responsible for registering and issuing titles to all land and commercial properties in Dubai.
• Real Estate Regulatory Agency (RERA)– You will need to register with the RERA to be able to legally operate as Real Estate Broker (after issuance of the license)

Additionally, applicants must meet the following requirements:

• Get an ORN Certificate- (Office Registration Number)
• Obtain a RERA broker’s card – Pass the RERA-accredited Real Estate Brokerage Exam.

4. MOA Signing

This includes the company name, registered office address, business objectives, authorized share capital, and liability clauses for shareholders

 5. Provide Ejari

Ejari plays a crucial role in creating a fair and transparent rental market in Dubai. It protects both tenants and landlords by ensuring legally binding agreements and establishing clear communication channels.

6. License Issuance

7. Immigration/Establishment Card

8. Apply for a Partner/Investor Visa

Why should you hire an expert like us to obtain a real estate license?

Dubai’s real estate license journey can be exciting, but intricate. Deciphering regulations and securing approvals is daunting. Our expert team, with deep market knowledge and a proven track record, empowers you to navigate the process seamlessly. Let us handle the complexities while you focus on your licensing aspirations and future career.

Researching the market and identifying opportunities

Before launching your building and contracting business in Dubai, it is essential to research the market and identify opportunities that align with your expertise and goals. Determine the specific areas of construction that are in high demand, such as residential, commercial, or infrastructure projects. Consider niche markets or specialized services that can give your business a competitive edge.

Networking and attending industry events can also provide valuable insights into the market landscape and help you establish connections with potential clients and partners. Engage with local construction associations and join relevant online communities to stay updated on industry news and opportunities.

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

From Idea to Reality: Launching Your Building and Contracting Business in Dubai

Building and contracting businesses have seen booming growth in Dubai, thanks to the city’s rapid urban development and the increase in demand for construction projects. If you have a passion for construction and dream of launching your own building and contracting business, Dubai might just be the perfect city to turn your idea into reality.

Dubai’s construction sector is flourishing, with numerous high-profile projects on the horizon. From skyscrapers and luxury hotels to state-of-the-art infrastructure and residential developments, opportunities abound for entrepreneurs looking to tap into this dynamic market. However, navigating the process of starting a business in Dubai can be complex, especially for those unfamiliar with the local regulations and procedures. That’s why it’s essential to have a clear understanding of the steps involved and the resources available to support you along the way. In this article, we will guide you through the process of launching your building and contracting business in Dubai. We will explore the legal requirements, necessary permits, licenses, and strategies for success in this competitive industry. Whether you’re a seasoned entrepreneur or a newcomer to the construction sector, this article will provide valuable insights to help you establish your business and thrive in Dubai’s vibrant market.

Understanding what is booming in Dubai construction in Dubai

Dubai’s construction scene is a whirlwind of innovation, where sustainability and megaprojects dance hand-in-hand. From skyscrapers and luxury hotels to state-of-the-art infrastructure and residential developments, opportunities abound for entrepreneurs looking to tap into this dynamic market.

Several factors, including the city’s goal of becoming a global business hub, its strategic location, tax benefits, and its thriving tourism and real estate sectors, drive Dubai’s construction industry. The government’s commitment to infrastructure development also contributes to the continuous growth of the construction industry in Dubai.

To succeed in this competitive market, it is crucial to have a deep understanding of the construction industry in Dubai. Familiarize yourself with the current trends, market demands, and potential challenges that you may face as a building and contracting business owner. Conduct thorough research and analyze the competition to identify gaps and opportunities that can set your business apart.

Researching the market and identifying opportunities

Before launching your building and contracting business in Dubai, it is essential to research the market and identify opportunities that align with your expertise and goals. Determine the specific areas of construction that are in high demand, such as residential, commercial, or infrastructure projects. Consider niche markets or specialized services that can give your business a competitive edge.

Networking and attending industry events can also provide valuable insights into the market landscape and help you establish connections with potential clients and partners. Engage with local construction associations and join relevant online communities to stay updated on industry news and opportunities.

Identifying Legal requirements and permits for starting a building and contracting business in Dubai

Starting a business in Dubai requires adherence to specific legal requirements and obtaining the necessary permits and licenses. Familiarize yourself with the legal

1^st Select your Trade name, Business Activity, and Company Structure

Sole proprietorship- Owned and managed by one person. No separate legal entity exists. Owner has unlimited personal liability for all business debts and obligations.

LLC- Can be owned by one or more individuals or companies. Shares can be distributed among owners. There must be a designated manager, who can be an owner or an external person.

Branch office-  Owned and managed by the parent company. The branch manager acts as a representative of the parent company.

2^nd Registration of the application form

This involves an Initial License application, Trade name registration, and Business activity application, here are the following requirements to submit:

Requirements:

1.      Colored Passport copies of all the Shareholders

2.      Colored Visa copies of all the shareholders (if there are any)

3.      Colored EID Copies of all the shareholder (if there are any)

3^rd Initial approval, Trade name reservation, and activity certificate

4^th Apply External Approval (If there’s any)

5^th Ejari (if required)

6^th License Issuance

Here are the following ways to run a successful building and contracting company:

Hiring skilled labor and building your team

To ensure the success of your building and contracting business in Dubai, it is crucial to hire skilled labor and build a competent team. Dubai is known for its diverse workforce, comprising professionals from different countries and backgrounds. Leverage this diversity to assemble a team with the right expertise and experience.

Building a strong network and partnerships in the industry

Networking and building strong relationships are essential in the construction industry in Dubai. Establish connections with key stakeholders, including developers, architects, engineers, and suppliers. Attend industry conferences, trade shows, and networking events to meet potential clients and partners.

Collaborate with other industry professionals to expand your reach and enhance your credibility. Join industry associations and actively participate in their activities to stay updated on industry trends and foster mutually beneficial relationships.

Marketing and promoting your building and contracting business in Dubai

Effective marketing and promotion strategies are crucial to establishing your building and contracting business in Dubai. Create a comprehensive marketing plan that includes both online and offline channels to reach your target audience.

Develop a professional website that showcases your services, projects, and testimonials from satisfied clients. Optimize your website for search engines to improve your visibility in online searches. Utilize social media platforms to engage with potential clients and share updates about your projects.

Invest in traditional marketing methods such as print advertisements, billboards, and brochures to reach a wider audience. Collaborate with local media outlets and industry publications to secure press coverage and enhance your brand’s exposure.

Managing projects and ensuring quality control

Managing projects effectively and maintaining quality control are essential aspects of running a successful building and contracting business in Dubai. Implement robust project management systems and processes to ensure seamless project execution.

Establish clear communication channels with clients, subcontractors, and suppliers to minimize delays and misunderstandings. Regularly monitor project progress, identify potential issues, and take proactive measures to address them promptly.

Ensure compliance with local regulations, building codes, and safety standards to maintain the quality and safety of your projects. Conduct regular inspections and audits to identify areas for improvement and implement corrective actions.

Why choose us to help you set up your building and contracting company?

Launching your building and contracting business in Dubai can be a rewarding endeavor, given the city’s thriving construction industry but setting up a successful building and contracting company requires much more than setting up legal paperwork. Our experts go beyond the basics, achieving external approval needed, and considering their needs our priority. Contact us now to

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

In the United Arab Emirates (UAE), having a valid visa is crucial for several reasons, and here are the reasons and why:

Digital banking in the United Arab Emirates (UAE) offers numerous benefits that enhance the convenience and efficiency of the banking experience for both individuals and businesses. Utilizing a digital bank allows customers to:

– Apply for an account online
– Fewer documents are needed for the application
– Can track the account from anywhere
– Debit card delivered at home
– Exclusive discounts and offers
– Fast and easy money transfers

Digital banks simplify the banking experience by providing convenient services to customers at their convenience. While these banks in the UAE enhance ease and security, it is mandatory to uphold confidentiality when utilizing passwords, card details, PINs, and OTPs for accessing online accounts.
Certainly! Here are some frequently asked questions (FAQs) related to digital corporate bank account openings in the United Arab Emirates (UAE):

What documents are required for a digital corporate bank account opening?
Commonly required documents include business registration documents, proof of address, and company memorandum/articles of association. Additional documents may be needed based on the nature of the business.

Are there specific eligibility criteria for opening a digital corporate bank account?
Eligibility criteria may vary among banks, but generally, businesses need to be legally registered in the UAE. Some banks may have specific requirements based on the industry or business type.

How long does it take to open a digital corporate bank account online?
The timeline for account opening can vary, but digital processes generally expedite the procedure. It may take a few days to a couple of weeks, depending on the bank and the completeness of the documentation.

What are the fees associated with digital corporate banking in the UAE?
Fees can vary between banks and may include account maintenance fees, transaction fees, and other service charges. It’s crucial to review the fee structure of the chosen bank.

Is a physical visit to the bank required for a digital corporate account opening?
In many cases, digital corporate account opening can be completed without a physical visit. However, some banks may request an in-person meeting or require additional documentation if deemed necessary.

How can I track the status of my digital corporate bank account application?

Many banks provide online tracking facilities, allowing applicants to monitor the status of their account opening process.

What kind of digital banking services are available for corporate accounts in the UAE?
Digital corporate banking services often include online fund transfers, account management, e-statements, and the ability to handle various financial transactions.

These FAQs provide an overview of common questions related to the digital opening of corporate bank accounts in the UAE and can guide businesses through the process.

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

In the United Arab Emirates (UAE), having a valid visa is crucial for several reasons, and here are the reasons and why:

Legal Residency: A valid visa allows individuals to legally reside in the UAE. Without a proper visa, individuals may be considered as illegal residents and could face penalties, fines, and even deportation.

Employment and Work: For expatriates seeking employment in the UAE, a valid work visa is necessary to legally work for an employer. Employers are typically required to sponsor their employees’ visas, ensuring that they have legal permission to work and reside in the country.

Access to Services: With a valid visa, individuals gain access to various essential services, including healthcare, education, and social benefits. This ensures that residents can access necessary services and contribute to society’s overall functioning.

Business Activities: Entrepreneurs and businesspeople often require valid visas to establish and operate businesses in the UAE. Different types of business visas exist, allowing individuals to conduct business activities legally.

Property Ownership: Having a valid visa can be a requirement for purchasing property or leasing real estate in the UAE. This is particularly relevant for expatriates looking to invest in property.

Legal Protection: A valid visa provides legal protection to individuals within the UAE’s jurisdiction. It establishes an individual’s legal status in the country and ensures they are subject to the country’s laws and regulations.

Avoiding Penalties and Deportation: Overstaying a visa or residing in the UAE without a valid visa can lead to fines, penalties, and even deportation. Having a valid visa helps individuals avoid these legal consequences.

Travel and Mobility: A valid visa often allows individuals to travel in and out of the UAE as needed. Different types of visas have varying travel restrictions and durations, so having the appropriate visa type is important for maintaining one’s travel flexibility.

Family Reunification: Family members of individuals working or residing in the UAE can often join them using family visas. This allows for family reunification while ensuring legal compliance.

Contributing to the Economy: The UAE’s economy heavily relies on expatriate workers and entrepreneurs. Valid visas ensure that individuals contribute to the economy through their work, investments, and spending.

Overall, having a valid visa is essential for maintaining legal status, accessing services, conducting business, and contributing positively to the UAE’s society and economy. It helps individuals live and work in the country within the framework of its laws and regulations.

At Dahhan Business Services, our unwavering commitment lies in guaranteeing the compliance of every individual. We are dedicated to upholding the highest standards of regulatory adherence and ensuring that each person we serve operates within the bounds of legality and best practices.

With an acute understanding of the intricate web of regulations and requirements, we take on the responsibility of guiding our clients through the often complex landscape of compliance. Our team of seasoned experts diligently navigates the ever-evolving regulatory environment, leaving no room for oversight or uncertainty.

By placing compliance at the forefront of our mission, we strive to provide a solid foundation upon which individuals and businesses can confidently build their aspirations. We recognize that compliance is not just a legal obligation, but a vital component of ethical conduct and long-term success.

Through meticulous attention to detail, proactive monitoring, and tailored guidance, we go the extra mile to ensure that every facet of our clients’ endeavors aligns with established norms and regulations. At Dahhan Business Services, compliance is not a mere obligation; it is a promise we steadfastly fulfill to empower individuals and foster a culture of responsible and sustainable growth.

Contact us for more details

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?

Dubai, a city that was once nothing more than a vast expanse of desert sands, has now transformed into a global business hub that is attracting entrepreneurs and investors from all corners of the world. The process of establishing a business in Dubai has undergone substantial changes and advancements in the last two decades. The evolution of business regulations, infrastructure, and economic policies has played a pivotal role in transforming Dubai into a renowned global business hub. In this article, we will delve into the fascinating journey of Dubai’s business setup, exploring the key milestones and factors that have contributed to its success. Join us as we uncover the secrets behind Dubai’s rise to becoming a global business powerhouse.

In summary, the process of establishing a business in Dubai has evolved into a streamlined, investor-friendly, and diverse endeavor over the past two decades. These changes underscore Dubai’s resolute commitment to economic expansion, innovation, and seamless global integration. Rather than anchoring our perspective to the past, let’s embrace the plethora of benefits Dubai offers today.

Take advantage of this dynamic environment by establishing your license now – feel free to contact us for more details.

• Why Dubai for Your Business Set Up?
• Steps for Your Business Setups in Dubai
• Can I Start a Business While Being Employed Full-Time?