Skip to main content

Posts

UAE Launches New Visa Categories - Green Visa, Freelancers Visa

The United Arab Emirates announced the launch of a new resident visa category called the Green Visa on Sunday. Green Visa holders can sponsor their sons' visas till their boys reach the age of 25. Sons are usually only sponsored until they reach the age of 18. Green visa holders can support their parents as well. The new Green Visa will not be linked to work permits from firms, according to Dr Thani Al Zeyoudi, Minister of State for Foreign Trade. It would be targeted at highly talented persons, investors, entrepreneurs, top students and graduates. He also announced a new category of Visa for freelancers. Green visa holders will be given a 90-180 day grace time to leave the country once their visas expire, rather than the current 30-day grace period. When asked about the difference between  Golden visas  and Green, the minister stated that they are all complimentary. "It is a full package that includes  UAE golden visas , green visas and tourist visas. Freelancer visa is ...
Post a Comment
Read more

UAE Golden Visa

  The   UAE golden visa   offers residency for five or ten years, instead of the standard two-year residence visa. The Business Visa is essential for the   Golden Visa   system for permanent residents and foreigners to acquire a   long-term visa   for themselves and their dependents. Who is Eligible for the Golden Card? It was declared that executives who have a salary with Dh30,000 or more can apply for the visa as well. The applicant ought to have a minimum bachelor’s degree or its equivalent and five years of work experience. They should also have a valid employment contract. Eligibility for a   5-year Golden Visa The following categories are entitled to apply for a  5-year home visa  in the UAE. Investors in a property in the UAE Allowing a visa depends on the following conditions: The investor ought to invest in a property of a gross worth of not less than AED 5 million. The amount invested in real estate ought not to be on a loan b...
Post a Comment
Read more

TINCO and TINCE

The Federal Tax Authority (FTA) of the United Arab Emirates has published two new guides associated with Excise Tax Clearing Companies(TINCEs). What is TINCO? TINCO is a particular reference number that is allocated to cargo forwarders or clearing agents who register with FTA (Federal Tax Authority). FTA affirmed clearing organizations can apply for excise tax clearing company (TINCE) registration by signing in to their existing TINCO account. Therefore, before doing this registration, the company should already be registered with FTA(Federal Tax Authority) as a clearing company (TINCO) Who Should Register? Enrolled Clearing Companies with  TINCO accounts  can use the  TINCE registration  form to apply for suspension of the Excise Tax due on the Excise Commodities that they will import on behalf of importers. During the registration process, the Clearing Company will be needed to give a guaranteed amount to the FTA. On successful registration, the Clearing Company wi...
Post a Comment
Read more

GOAML Registration UAE

The goaml registration deadline is 30th April 2021. Register your company on GoAML and avoid the penalties.   UAE’s Ministry of Economy has issued a list of violations and fines for money laundering.  Organizations that disregard to do so will face fines ranging from Dh50,000 to up to Dh1 million, including cancellation of license. A gigantic scope of non-financial business and activities are most exposed to money laundering chances. These have been isolated into four essential classifications 1. Brokers and real estate agents 2. Independent   auditors   and   accountants 3. Dealers of precious metals and gemstones 4. Corporate service providers . Why Register on goAML GoAML registration is required to submit suspicious transaction reports (STRs) to the   goAML system . GoAML is a universally accepted electronic system to assemble and analyze financial and non-financial information to defy money laundering and combat the financing of terrorism We Are Alway...
Post a Comment
Read more