FAQ

You need to be physically present to establish a company for 2-3 days after Security approval is done.

It is necessary to rent an office to establish a company but by contacting us on BIZ VIRTUE, we can guide you through the easy process of renting it.

There is no necessary obligation to live in UAE if you want to establish a company in UAE.

To start a small company in UAE, your investment may vary according to the business you choose but its from 15000 AED- 25000 AED.

We from BIZ VIRTUE can guide you through what options you may have of investment and help you through all the payment options.

The best place to start your company is Mainland as free trade zones has some restrictions of its own.

The experts from BIZ VIRTUE can guide you through all the trade zones so that you may have an idea of the options you have to start a successful company in UAE

You may require a Investor/ Partner but it may have some restrictions related to your nationality, the nature of your company and the status of your residence tax.

The documents may vary according to the respective Jurisdiction you choose but some of the documents are:

• Passport copies of the shareholders.
• Visit Visa or residence Visa Copy (In case of Resident).
• Passport Size phot with white Background.

The type of the license depends upon the nature of the company you are starting such as a commercial License, professional License, Tourism License, Industrial Setup, for your company.

The time may vary according to the company you are choosing to start but for a new company, it may take 3-5 days to issue a license.

A freezone license means the permit to start a company of any size within the freezone where you can enjoy many benefits that are given by UAE government for starting any kind of setup.

It is easy to require to a freezone license as there are some certain steps such as:

• You must explain your legal entity
• You must choose a trade name for your company
• You must apply for a business license
• You must choose an office space
• You must register your company

All these steps can be easily handles by our experts at BIZ VIRTUE who could guide you through the whole process.

There is no specific number of partners that you may have to start a business in UAE. But there is limitations of Managers up to 49.

There is no specific number of partners that you may have to start a business in UAE. But there is limitations of Managers up to 49.

Maximum Partner Visa which are allowed is Two beyond that need to take approval from GDRFA (Immigration Dept).

As a mainland UAE company, you can do business with any country and trade freely. You get access to affordable rental office space as you are not geographically limited, compared to free zone companies who are only forced to do business inside the free zones and have limited business scope.

Launched by the UAE government, the system for long-term residence visas enables successful applicants to reside in the UAE without a UAE national sponsor. These visas are issued for five or ten years, depending on the category.

No, The Golden Visa is a long-term residence visa that is renewed every five or ten years depending on the visa category and upon meeting the eligibility criteria.

Golden Visa holders benefit from long-term residency in the UAE, offering greater stability and peace of mind, enabling them to invest and build fulfilling, long-lasting careers in the country.

Golden Visa holders are able to sponsor family members, dependents, as well as senior employees, depending on the nature and eligibility of sponsorship determined by each visa category.

The Golden Visa is available to various categories of applicants. The categories for the Golden Visa include: Investors, Real Estate Investors, Entrepreneurs, Doctors, Scientists, Creatives (Art & Culture), Inventors, Executive Directors, Specialists in priority educational fields,  Sports Professionals, PhD Holders, Specialized in engineering or science, High School Graduates and University Graduates.

VAT or value added tax is a tax which is collected through the stages of its production. As value gets better with the packaging, the tax must be paid with the added value.

VAT has an impact on the economy, on the government, on the business as well as on every individual.

Yes, you may have to pay up to 5 % VAT to the Federal Tax authority for all the transaction that were done in mainland.

Subsidiary is a legally independent company of its own but is handled by a larger business VAT to the enterprise while a Branch has no legal independence and shares the branding of their parent company.

The renewal of business license requires some of the documents below:

• Copies of Valid passport
• Copy of valid tenancy Contract
• Valid Ejari registration certificate
• Copy of current Trade License.
• Application of License renewal which could be online, offline, or auto renewed.

It may take around a week to renew your license.

The best company structure that is recommended is The Limited Liability Company or LLC as it is simple to operate and may provide limited liability and pass-through taxation.

There are many company structures such as:

• Limited Liability Company
• Civil company
• Private share holding company
• Public share holding company

All documents must be notarized and must be attested by the UAE embassy. Furthermore, the documents may need to be attested by the ministry of foreign affairs in UAE.