BUSINESS SUPPORT IN UAE
‘Local sponsor’ or ‘Local Service Agent’ is one of our services (Business Support In uae) common and general term used in the UAE to refer to local service agents and nominee shareholders (sleeping partners) in mainland companies with foreign investment. A sponsor has to be an Emirati (UAE national) with a family membership card (Jinsia). Operating a business in the Dubai Mainland area requires a local sponsor to be mandatorily appointed.
Acquiring UAE Residency Visa – Except for UAE and GCC national citizens, other nationalities must acquire a UAE residence visa to legally Live or Work in Dubai and other emirates.
For many working expats, the company that employs them will provide sponsorship them for a UAE residence visa OR you can setup your own company in any of the emirates of UAE (Free zone or a Local LLC company) and get the residency visa based on being the owner of your company.
A residence visa is also obligatory to obtain a driving license, register a car, apply for a PO Box, to Buy a property, open a bank account in the UAE and so on.
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VAT registration in UAE
VAT Registration is mandatory for organizations and individuals conducting business support in UAE, having an annual turnover of more than AED 375,000/-. UAE will commence to implement VAT with effect from 1st January 2018. All organizations and individuals coming under above threshold limit (subject to the provisions of the relevant law) have to register for VAT on or before 31st December 2017.
Registration for VAT in the UAE is an online process which is at your fingertips in the Federal Tax Authority’s online portal. Before proceeding for VAT registration, the applicant should consider various aspects such as, weather to register as voluntary option or mandatory option, weather to register as a Tax Group or a Standalone etc.