#limited contract in uae
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hudsonmckenzie · 2 years ago
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Is it possible for expats to buy property in UAE?
The UAE real estate industry offers fantastic opportunities for capital gains and investment. This market has been more accessible as a result of several modifications to the laws governing property ownership, particularly for foreign investors and expats. Foreigners are subject to different restrictions regarding property ownership than domestic owners, nevertheless. An UAE immigration lawyer summarises the applicable laws and numerous Emirate-specific laws for expats interested in real estate investment in the UAE.
In the UAE, foreigners could not purchase real estate until 2001 or 2002. Dubai originally allowed foreigners to purchase 99-year leasehold properties in 2001, and then allowed them to invest in freehold homes in 2002. Soon after, Ras Al Khaimah, Abu Dhabi, Sharjah, and Ajman appeared.In some designated regions, freehold and leasehold properties may be owned by expatriates in the UAE. Properties with a lease have a fixed-term possession agreement. According to the leasing agreement, the property is owned by the foreign owner but not the land. Properties that are freehold suggest that the expat owns both the building and the land on which it is situated.
Leaseholder ownership implies that for the duration of the contract, the expatriate only owns the unit and not the land. When the period is over, the agreement may be extended, and the foreigner is only partially liable for repairs. Only the consent of the freehold owner is required for any significant improvements. Additionally, with limitations, the expat may sublease the house or keep pets.
Freehold, on the other hand, grants the owner total authority over both his property and the land. If a project complies with the developer's specifications and local legislation, owners are free to make significant alterations like renovations and remodelling as they see fit. After the owner passes away, the property is given to the heir. The owner can benefit from the high ROI by leasing or selling the property.
Specific guidelines for purchasing real estate in each of the Emirates
It's interesting how different emirates have different property ownership laws. Here is a quick summary of the unique regulations of the various Emirates:
Purchasing a home in Dubai
According to a leading UAE immigration lawyer, expats are permitted to own freehold properties in specified freehold regions and leasehold properties in Dubai. There is no restriction on age to buy real estate in Dubai; the laws are the same for both resident foreigners and non-resident investors. The title deeds are issued by the Land Department.
Article 3 of Regulation No. 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai applies to freehold properties.
In nine authorised investment districts in Abu Dhabi, foreign nationals are permitted to purchase flats and villas. Al Reef, Lulu, Masdar City, Mariya, Reem, Saadiyat, Sayh Al Sedairah, and Yas Islands are among them. However, Abu Dhabi does not allow foreigners to own or purchase land.
In this Emirate, there are four types of property ownership systems:
Ownership - For 99 years, the expat enjoys complete ownership of the flat or floor, and he or she is free to sell it. The deed does not, however, mention the ground on which the property is situated.
The Musalaha system allows foreigners to purchase residential properties in accordance with the Masataha contract. After the first 50-year term expires, it may be renewed. Owners are free to use the property during the period and carry out upgrades, alterations, constructions, renovations, etc.
Usufruct: For a period of 99 years, the expatriates may own and use the apartment, but they are prohibited from making any changes to the building.
Long-term lease: In Abu Dhabi, foreigners are permitted to lease homes for up to 25 years.
Law No. 19 of 2005 Concerning the Regulation of the Real Estate Sector, which is applicable in Abu Dhabi, sets down the rules governing foreigners' ownership of real estate. A few changes were made to the Abu Dhabi Real Estate Law in April 2019. There were changes to Articles 3 and 4. According to Article 3(i), foreign nationals are only permitted to acquire one of three types of property:
· UAE nationals, whether they be legal or natural individuals.
· Not more than 49% of public holding businesses owned by non-nationals.
·If the President of the Executive Council of Abu Dhabi makes a choice for someone.
Non-UAE nationals are permitted to own real estate properties in the aforementioned defined locations, in accordance with Article 3(ii). Original and in-kind legal rights to real estate are also permitted. According to Article 4, musataha and usufruct owners who have owned a property for more than 10 years are allowed to sell or mortgage it without the landlord's permission. In contrast, the landlord is not permitted to mortgage the flat without the holder of the usufruct or the musataha's consent.
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Junk Removal Dubai
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mithrasconsultant · 3 days ago
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Understanding End of Service Benefit in UAE: A Complete Guide
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The end of service benefit (EOSB) is an essential financial entitlement for employees in the UAE, ensuring they receive a lump sum payment at the end of their tenure with an employer. Whether you are an expatriate or a local employee, understanding your rights under the end of service benefit in UAE can help you plan your financial future effectively.
In this comprehensive guide, we will explore what the end of service benefit is, who is eligible, how it is calculated, and recent updates in UAE labor laws affecting gratuity payments.
What is End of Service Benefit (EOSB)?
The end of service benefit is a statutory financial compensation that an employer must pay to an employee upon termination of their contract, provided they have completed a minimum period of service. It acts as a form of retirement or severance pay, ensuring financial security for employees after leaving their job.
The UAE Labor Law governs EOSB, ensuring fair compensation for employees who have worked for a company for at least one year.
Who is Eligible for End of Service Benefit in UAE?
Employees working in the UAE under the private sector, government sector, or free zones are eligible for EOSB, provided they meet the following criteria:
Must have worked for at least one year continuously.
Employment should be under a limited or unlimited contract (with some differences in calculation).
Should not have been dismissed for gross misconduct, as per Article 120 of the UAE Labor Law.
Must not have resigned before completing one year of service.
For employees who resign before completing five years, gratuity calculation differs from those who complete the full five-year tenure.
How is End of Service Benefit Calculated?
1. For Limited Contracts
A limited contract is an employment agreement with a fixed end date. The EOSB calculation depends on the length of service:
Less than 1 year: No gratuity entitlement.
1 to 5 years of service: 21 days of basic salary per year.
More than 5 years of service: 21 days of basic salary for the first five years, plus 30 days of basic salary per year for any additional years.
Example: If an employee with a basic salary of AED 10,000 works for 6 years, their EOSB calculation will be:
(21×10,000×5)/30+(30×10,000×1)/30(21 \times 10,000 \times 5) / 30 + (30 \times 10,000 \times 1) / 30(21×10,000×5)/30+(30×10,000×1)/30
Total EOSB = AED 58,333
2. For Unlimited Contracts
An unlimited contract has no specific end date and can be terminated by either party with notice. The EOSB calculation is:
Less than 1 year: No gratuity entitlement.
1 to 3 years: 1/3rd of the total gratuity (21 days per year).
3 to 5 years: 2/3rd of the total gratuity (21 days per year).
More than 5 years: Full gratuity (21 days per year for the first 5 years, then 30 days per year).
For example, if an employee with a basic salary of AED 8,000 resigns after 4 years, their EOSB would be:
(21×8,000×4)/30×23(21 \times 8,000 \times 4) / 30 \times \frac{2}{3}(21×8,000×4)/30×32​
Total EOSB = AED 22,400
Recent Updates on End of Service Benefit in UAE
1. New Gratuity Scheme (2023-2024)
In February 2023, the UAE government introduced a voluntary savings investment scheme for private-sector and free-zone employees. This allows employees to invest their end of service benefits into investment funds for long-term financial security.
2. Change in Gratuity for Resigned Employees
Previously, employees resigning before five years received a reduced gratuity. However, under new reforms, full gratuity may be applicable in some cases, benefiting employees who leave jobs after a few years.
3. More Transparent EOSB Calculations
Employers are now required to clearly state gratuity payments in employment contracts and provide employees with periodic statements.
Common Questions About EOSB in UAE
1. Can an Employer Deduct EOSB for Any Reason?
Employers cannot withhold or deduct gratuity unless an employee is terminated for gross misconduct or has outstanding debts to the company.
2. Is EOSB Paid Along With the Last Salary?
Yes, EOSB should be settled within 14 days of the employee’s final working day.
3. Does EOSB Include Bonuses and Allowances?
No, EOSB is calculated only on the basic salary, excluding bonuses, commissions, or housing allowances.
4. Can an Employee Claim EOSB If They Resign?
Yes, but the amount depends on the duration of service and whether the contract is limited or unlimited.
5. Is Gratuity Affected by Unpaid Leaves?
Unpaid leave is usually not counted in EOSB calculations, as gratuity is based on continuous service.
How to Check Your EOSB Online?
Many companies now provide EOSB calculations in salary slips or HR portals. Additionally, you can use:
The UAE Ministry of Human Resources & Emiratisation (MOHRE) portal
Company HR departments
EOSB calculators available on financial websites
For professional assistance, you can consult Mithras Consultants for expert guidance on end of service benefit in UAE.
How to Ensure You Receive Your Full End of Service Benefit?
Understand Your Contract – Ensure you know whether you are on a limited or unlimited contract, as gratuity rules vary.
Keep Salary Records – Maintain records of your basic salary, as EOSB is calculated based on it.
Check Your Final Settlement – Carefully review your gratuity amount and ensure correct calculations.
Seek Legal Advice if Needed – If your employer delays or refuses payment, you can file a complaint with MOHRE.
Conclusion
The end of service benefit in UAE is a crucial financial entitlement for employees, ensuring they receive fair compensation after completing their tenure. Understanding how EOSB is calculated for limited and unlimited contracts, recent UAE labor law updates, and legal rights can help employees maximize their benefits.
For expert advice on EOSB calculations, compliance, and legal assistance, visit Mithras Consultants and secure your financial future today!
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chocolatedetectivehottub · 4 days ago
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rent a car Dubai,
rent a car Dubai,
Dubai, a city known for its luxury, stunning architecture, and modern infrastructure, is best explored with the convenience of a rental car. Whether you are a tourist looking to explore the city at your own pace or a resident in need of a temporary vehicle, renting a car in Dubai offers numerous advantages.
Why Rent a Car in Dubai?
1. Convenience and Comfort
Public transport in Dubai is efficient but may not always be the most convenient, especially for tourists who want to explore hidden gems outside the city. Renting a car allows you to travel at your own pace, avoid crowded metro stations, and enjoy air-conditioned comfort.
2. Affordability
Car rental in Dubai is surprisingly affordable compared to other major cities. With a variety of options ranging from economy to luxury cars, there is something for every budget. Additionally, fuel prices are relatively low, making it cost-effective.
3. Wide Variety of Choices
Dubai’s car rental market offers a wide selection, from budget-friendly hatchbacks to high-end luxury cars like Lamborghinis and Ferraris. Whether you need a simple sedan for city travel or a high-performance vehicle for an exhilarating drive, you’ll find the perfect match.
4. Freedom to Explore
With a rental car, you can explore places beyond Dubai, such as Abu Dhabi, Ras Al Khaimah, and the desert dunes. This flexibility makes it easier to experience everything the UAE has to offer without relying on tour packages or taxis.
How to Rent a Car in Dubai?
1. Choose a Reliable Car Rental Company
Several reputed rental companies operate in Dubai, including:
Hertz
Avis
Sixt
Europcar
Local rental agencies
Booking online in advance can help secure better rates and a wider selection of vehicles.
2. Meet the Requirements
To rent a car in Dubai, you must meet certain requirements:
For Tourists: A valid international driving permit (IDP) and passport.
For Residents: A UAE driving license.
Minimum Age: Usually 21 years old, but for luxury cars, the requirement may be 25 years.
Deposit: A security deposit via credit card is typically required.
3. Understand Rental Terms and Insurance
Before signing the contract, check:
Insurance Coverage: Basic insurance is included, but full coverage is recommended.
Mileage Limit: Some rentals have mileage restrictions.
Salik (Toll) Charges: Dubai has electronic toll gates that rental companies charge separately.
Fuel Policy: Some rentals require returning the car with a full tank.
4. Pick Up and Return
Many rental companies offer airport pick-up, hotel delivery, or pick-up from designated locations. Ensure you check the return policies to avoid extra charges.
Tips for Driving in Dubai
Follow Traffic Rules: Dubai has strict traffic laws, and fines can be hefty.
Use GPS Navigation: Apps like Google Maps and Waze can help navigate the roads.
Watch for Speed Limits: Speed cameras are common, and exceeding limits results in fines.
Avoid Drinking and Driving: Dubai has a zero-tolerance policy for drunk driving.
Conclusion
Renting a car in Dubai is an excellent choice for both tourists and residents, providing comfort, affordability, and the freedom to explore. With numerous rental options and simple procedures, getting behind the wheel in this vibrant city has never been easier. Plan ahead, choose the right car, and enjoy the best of Dubai on your terms!
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dubaicompanys · 6 days ago
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How to Secure B2B Contracts in Dubai
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What is a B2B Contract?
A B2B (business-to-business) contract is a formal agreement between two businesses. This contract outlines the terms and conditions of a deal, including payment, services, or product delivery. B2B contracts help businesses build long-term relationships, ensure legal protection, and secure financial stability.
Why B2B Contracts are Important
Business Growth – Helps companies expand their market.
Financial Security – Guarantees payments for services or products.
Legal Protection – Clearly defines roles and responsibilities.
Long-Term Partnerships – Encourages trust and collaboration between businesses.
Steps to Secure B2B Contracts in Dubai
1. Understand Dubai’s Business Laws
Before signing a B2B contract, it’s important to know the business laws in Dubai. Dubai follows a combination of Sharia Law and international business regulations to ensure contract enforcement. Here are some key laws to consider:
Commercial Companies Law (CCL) – Regulates business entities in Dubai.
Federal Law No. 5 of 1985 – Covers civil transactions, obligations, and contract laws.
Arbitration Law – Provides a legal process to resolve disputes without going to court.
2. Identify the Right Business Opportunities
Dubai has a wide range of industries that rely on B2B contracts. To increase your chances of success, focus on sectors with high demand, such as:
Construction and Real Estate
Hospitality and Tourism
Technology and IT Solutions
Healthcare and Pharmaceuticals
E-commerce and Logistics
Research your target industry to understand the needs of businesses and tailor your services accordingly.
3. Build a Strong Business Network
Networking is essential for securing B2B contracts. Attend business events, trade fairs, and exhibitions to meet potential clients. Some important networking events in Dubai include:
GITEX Technology Week – Ideal for IT and tech businesses.
Arab Health Expo – Best for healthcare companies.
The Big 5 Construction Show – Focuses on the real estate and construction sector.
Gulfood Exhibition – Useful for food and beverage businesses.
Additionally, joining business groups like the Dubai Chamber of Commerce or connecting with companies on LinkedIn can help you build relationships with decision-makers.
4. Create a Professional Business Proposal
A well-written business proposal increases your chances of securing a contract. Your proposal should include:
Introduction – Briefly explain your company and its services.
Value Proposition – Highlight the benefits of working with your business.
Pricing Structure – Provide clear and competitive pricing details.
Terms and Conditions – Outline contract terms, including delivery and payment.
Case Studies or Testimonials – Show examples of past successful projects.
5. Use Digital Marketing to Gain Visibility
Having a strong online presence can help businesses find you and trust your services. Focus on:
SEO and Content Marketing – Improve your website’s ranking on search engines.
Social Media Engagement – Actively post on LinkedIn, Twitter, and Facebook.
Email Marketing – Send personalized business proposals to potential clients.
Professional Website – Showcase your services, customer reviews, and contact details.
6. Partner with Local Businesses
Partnering with Emirati-owned businesses can give you a competitive advantage. Many international companies enter B2B contracts by forming joint ventures or distributorship agreements with local firms. This can help in gaining market trust and easy access to new clients.
7. Register Your Business in Dubai
To conduct business legally in Dubai, you must register your company. There are two main options:
Mainland Company
Requires a local sponsor (UAE national) with 51% ownership.
Allows businesses to operate anywhere in Dubai and the UAE.
Free Zone Company
Offers 100% foreign ownership.
Provides tax exemptions and easier business setup.
Limited to operating within the free zone or outside the UAE.
Some well-known Dubai Free Zones include:
Dubai Multi Commodities Centre (DMCC)
Jebel Ali Free Zone (JAFZA)
Dubai Internet City (DIC)
Dubai Silicon Oasis (DSO)
8. Negotiate Contracts Effectively
Negotiating a fair contract is important to build long-term relationships. Here’s what you should focus on:
Clear Payment Terms – Define payment schedules to avoid delays.
Scope of Work – Specify deliverables and deadlines.
Legal Compliance – Ensure the contract follows UAE business laws.
Dispute Resolution – Include arbitration clauses for handling conflicts.
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fobupsolutions · 13 days ago
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The Ultimate Company Formation Guide:2025
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Starting a business can be an exciting yet challenging journey. With the right company formation services, you can ensure a seamless process while complying with legal regulations. Whether you're an entrepreneur, freelancer, or expanding an existing business, understanding the latest trends in company formation is crucial.
In this guide, we’ll walk you through everything you need to know about forming a company in 2025, the latest regulations, and the best company formation services to streamline your setup.
📌 Explore expert company formation services here: FOBUP
Why Proper Company Formation Matters in 2025
Company formation is not just about registering a business; it’s about structuring it for long-term success. The right legal entity can impact taxation, liability, and business growth potential. In 2025, regulations and digital advancements have made the process easier yet more complex due to compliance requirements.
Key benefits of proper company formation:✔️ Legal protection and limited liability ✔️ Tax advantages and financial credibility ✔️ Easier access to funding and investment ✔️ Enhanced brand reputation
Latest Trends in Company Formation Services
As we step into 2025, the landscape of company registration is evolving. Here are some trends shaping the industry:
1. Digital-First Company Formation
Governments worldwide are embracing digital solutions, allowing entrepreneurs to register their businesses entirely online. Automated company formation services now offer AI-powered document generation, e-signatures, and cloud-based compliance tracking.
2. One-Click Business Registration
New innovations in fintech and regulatory technology (RegTech) have enabled instant company formation in many jurisdictions. Some services now integrate with tax authorities and banking institutions to provide a one-stop solution.
3. Blockchain for Secure Company Registration
Blockchain technology is making company incorporation more transparent and secure. Smart contracts and decentralized business registries are reducing paperwork and fraud risks.
4. Rise of Virtual Offices & Remote Business Formation
With the rise of remote work, many entrepreneurs prefer virtual office addresses and mail handling services to establish a professional presence without a physical office.
5. Global Expansion Made Easier
Many startups are leveraging company formation services to establish businesses in tax-friendly jurisdictions like the UK, Singapore, or the UAE. Companies offering global incorporation services simplify cross-border business expansion.
How to Choose the Best Company Formation Service
With countless options available, selecting the right company formation service can be overwhelming. Consider these factors:
🔹 Ease of Process – Choose a provider that offers hassle-free, quick registration. 🔹 Compliance & Legal Support – Ensure they handle all necessary paperwork and filings. 🔹 Pricing & Transparency – Avoid hidden fees by selecting a service with clear pricing. 🔹 Customer Support – Look for services with excellent client reviews and support. 🔹 Additional Services – Consider providers that offer virtual office, tax registration, and business banking services.
Recommended Company Formation Service:
For a seamless company formation experience, check out FOBUP, a trusted platform offering expert services for startups and businesses.
Step-by-Step Guide to Registering Your Company
1️⃣ Choose a Business Structure
Sole Proprietorship
Limited Liability Company (LLC)
Corporation
Partnership
2️⃣ Select a Business Name
Ensure the name is unique and available for registration.
Check domain name availability for branding.
3️⃣ Register with the Authorities
Submit incorporation documents to the relevant government body.
Pay the necessary registration fees.
4️⃣ Obtain Licenses & Permits
Industry-specific permits may be required based on your business type.
5️⃣ Set Up Business Banking & Finances
Open a business bank account.
Register for tax identification numbers (TIN, VAT, etc.).
6️⃣ Stay Compliant
File annual reports.
Maintain accounting records and adhere to tax regulations.
Final Thoughts
Starting a business in 2025 has never been easier with the right company formation services. Whether you're launching a startup or expanding internationally, using a trusted service provider like FOBUP can make the process efficient and stress-free.
💡 Ready to start your business journey? Explore expert company formation solutions today!
🔗 Learn more here: FOBUP
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nimbusconsultancy · 13 days ago
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Best Zero Balance Business Accounts in the UAE 
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In the dynamic business environment of the UAE, managing finances efficiently is crucial for both startups and established enterprises. One significant aspect of financial management is choosing a business bank account that aligns with your company's needs. 
For many businesses, especially those in their early stages, maintaining a minimum balance can be challenging. Fortunately, several banks in the UAE offer zero-balance business accounts, allowing companies to focus on growth without the burden of maintaining a specific account balance. 
This post covers the essentials regarding zero balance accounts in the UAE including their benefits, requirements, and a breakdown of the process. It also enlists the top zero-balance business bank accounts in the UAE, highlighting their features, required documentation, and the benefits they offer. 
Understanding Zero-Balance Business Accounts in the UAE 
A zero-balance business account is a type of bank account that helps businesses in effective finance management without the need to maintain a minimum balance. 
This account is particularly advantageous for startups, small businesses, and companies that may experience fluctuating cash flows. With zero balance accounts, companies can optimize cash flow while reducing banking costs. 
Banks in the UAE offer this feature to attract businesses, providing flexibility and access to various financial services without the pressure of maintaining a specific balance. 
These accounts also assist in simplifying financial management, offering features like free online banking, reduced transaction fees, and integration with business tools. 
Benefits of a Zero-Balance Business Account in the UAE 
- Cost-Effective: Avoid penalties associated with traditional business accounts. 
- Financial Freedom: Allocate funds where needed without restrictions.  - Accessibility: Suitable for startups, SMEs, and established businesses.  - Convenience: Digital banking ensures seamless financial management.  - Global Transactions: Multi-currency accounts enable international trade and payments. 
Top Zero Balance Business Bank Accounts in UAE 
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1. Commercial Bank of Dubai (CBD) Zero Balance Business Account 
The CBD Zero Balance Business Account is tailored for startups and entrepreneurs seeking straightforward banking solutions. 
For a flat monthly service fee, clients can access a range of services designed to facilitate business operations. All startups and newly established businesses in the UAE are eligible to apply. It offers the following: 
- Multi-Currency Support, which is available in AED, USD, GBP, EUR, JPY, and CNY  - Dedicated Relationship Managers for personalized assistance  - Free Business Debit Card with higher withdrawal limits  - Competitive Forex Rates for international transactions  - Tailored Account Packages for newly established businesses  - Trade Finance Support with standard financing rates  - SME Service Desks for business owners  - No Audited Financial Statements Required for ease of account opening 
Required Documents: 
- National ID or Passport (with UAE residence visa & Emirates ID) 
- Trade License & Commercial Registration Certificate  - Memorandum of Association (MOA) & Articles of Association (AOA)  - Proof of Address (utility bill or tenancy contract)  - Details of Ultimate Beneficial Owners (UBOs)  - Power of Attorney (if applicable)  - Bank Reference Letter & Company Profile (if required) 
2. RAKBANK – RAKstarter SME Account 
The RAKstarter SME Account is designed to help startups optimize their financial efficiency, providing a simple and accessible banking experience. It comes with the following features: 
- Dedicated Relationship Manager for business support  - 24/7 Phone Banking for round-the-clock access  - Unlimited Chequebook Facility 
- Multi-Currency Support, available in AED, USD, EUR, GBP  - No Penalties if balance falls to zero  - Competitive Trade Financing Rates 
Eligibility Criteria: 
- Businesses operational for less than one year  - Valid Trade License in the UAE 
Required Documents: 
- Valid Trade License  - Memorandum & Articles of Association  - Passport & Residence Visa of Authorized Signatories  - Emirates ID of Business Owners  - Partners Agreement 
3. ADCB e-Business Account 
The ADCB e-Business Account is designed for entrepreneurs who want hassle-free banking. While it does not require a minimum balance, a yearly fee of AED 1,800 applies. 
This account, however, is available only to GCC Nationals and Emiratis, and the account is available only in AED. Also, you need a valid eTrader license to use the account. Key features include: 
- Unlimited Free Teller Transactions  - No Fees for e-Statements  - Auto Sweep Facility for better fund management  - 1 Free Chequebook Per Year  - Free International Debit Card  - Access to Online & Mobile Banking  - Unlimited Free Domestic Remittances  - Utility Bill Payment Facility 
4. Mashreq NeoBiz Lite Business Account 
Mashreq NeoBiz Lite Business Account is startup-friendly, allowing entrepreneurs to avoid minimum balance requirements by paying a nominal AED 200 monthly fee. Its main features are: 
- Fully Online Account Opening  - Free Business Debit Card & Chequebook  - Discounts on Careem Rides (15% off monthly on 6 rides)  - Free Local & International Transfers Each Month  - No Fees for Balance Inquiry & Cash Withdrawal from Other Banks’ ATMs  - Up to 12 Free Fund Transfers Per Month 
Eligibility: 
- 100% Individual Shareholders  - UAE-based companies with a valid trade license  - At least one UAE Resident as a signatory  - Annual turnover of up to AED 30 million 
Required Documents: 
- Trade License  - Board Resolutions (if applicable)  - Memorandum of Association  - Emirates ID & Visa of Signatory  - Bank Statements of Shareholder or Company 
5. Al Maryah Community Bank Business Account 
The Al Maryah Community Bank Business Account is the first fully digital zero-balance business account in the UAE. The noticeable features include: 
- Advanced Security Measures  - Only AED Currency Available  - Flexible Authorization Levels  - Efficient Cash Management & Transactions  - Wage Protection System (WPS) Salary Management 
Eligibility Criteria: 
- Companies registered in the UAE, including free zones  - Valid trade license required 
Required Documents: 
- Trade License & Certificate of Incorporation  - Memorandum of Association (MOA) & Amendments  - Passport Copies & Emirates IDs of Shareholders  - Board Resolution 
Finding the Right Zero Balance Business Account in the UAE 
Picking the right zero-balance business account in the UAE is crucial for financial stability and business growth. The banks listed above offer excellent solutions tailored to entrepreneurs and SMEs. However, consider the following factors before making the final choice: 
  - Transaction Limits & Fees  - Banking Features & Digital Capabilities  - Eligibility & Documentation Requirements 
  
How to Open a Zero Balance Business Bank Account? 
Opening a zero-balance business account in the UAE is a straightforward process. Here are the key steps.  
Research and Choose a Bank: Research well and go for the bank that seems like the best fit for your business needs and comes with your required banking facilities. 
Select the type of account: Decide whether you want savings account or current account or any accounts according to your need.   
Contact the Bank: Reach out to the bank through their website, customer service, or by visiting a branch to inquire about their zero-balance business account offerings.  
Submit an Application: Complete the application form provided by the bank. This can often be done online for added convenience.  
Provide the Required Documents: Submit the necessary documents (listed below) to the bank for verification.  
Account Activation: Once your application and documents are reviewed and approved, the bank will activate your account. You will receive account details and access credentials for online banking services. 
Open a Zero-Balance Company Account in the UAE with Nimbus Consultancy!  
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Nimbus Consultancy simplifies the process of opening a zero-balance business account in the UAE. With our expertise in business setup services in the UAE, you can navigate the requirements and paperwork efficiently. 
We can help you with the selection the right bank and document preparation and submission among other things. 
With the right bank and guidance, opening a zero-balance business account in the UAE can be a hassle-free process, empowering businesses to manage their finances effectively.  
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emirateadvocatesae · 14 days ago
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Finding the Right Attorney in Dubai: A Comprehensive Guide
When it comes to navigating legal matters in Dubai, finding the right attorney Dubai can make all the difference. Whether you're dealing with business contracts, personal disputes, or immigration issues, hiring an experienced attorney is crucial for protecting your interests and ensuring a smooth resolution. Dubai's legal landscape can be complex, especially with its blend of Islamic and civil law systems, which makes professional legal guidance invaluable.
Why You Need an Attorney in Dubai
Dubai, as a global business hub, attracts a wide range of individuals and companies from all over the world. This international environment often leads to legal challenges that require specialized knowledge. An attorney in Dubai can help you understand local laws, draft legal documents, represent you in court, and offer counsel on how to avoid legal pitfalls. Having someone who understands the nuances of Dubai’s legal system is vital, especially when it comes to issues like property disputes, commercial contracts, family law, and criminal matters.
Areas of Practice for Attorneys in Dubai
Attorneys in Dubai offer services across a wide range of legal fields, including but not limited to:
Corporate Law: For businesses setting up in Dubai or facing legal challenges, corporate attorneys are essential for ensuring compliance with local regulations and resolving disputes effectively.
Family Law: Whether it’s divorce, custody battles, or inheritance issues, family law attorneys can help you navigate Dubai’s family court system.
Criminal Defense: In cases of criminal charges, hiring a skilled criminal defense attorney in Dubai can help minimize penalties or negotiate a favorable outcome.
Real Estate Law: Dubai’s booming property market often leads to legal disputes over ownership, leases, or contracts. A real estate attorney can assist with property transactions, dispute resolution, and more.
Immigration Law: For expats or foreigners living in Dubai, understanding visa and residency laws is essential. Immigration attorneys help with visa applications, work permits, and legal residency status.
How to Choose the Right Attorney in Dubai
When selecting an attorney in Dubai, it’s important to consider their experience, reputation, and specialization. Here are a few tips to help you find the right lawyer:
Expertise: Choose an attorney who specializes in the area of law that matches your specific needs. For example, if you're dealing with a property dispute, find a lawyer with expertise in real estate law.
Reputation: Research the attorney's reputation by reading reviews, checking their success rate in similar cases, and asking for referrals from trusted sources.
Language Proficiency: Since Dubai is home to people from various linguistic backgrounds, it’s helpful to find an attorney who speaks your language fluently.
Consultation: Many attorneys offer an initial consultation where you can discuss your case and assess whether the attorney is a good fit for you. Use this opportunity to ask about their experience, fees, and approach to your case.
Conclusion
Hiring the right attorney in Dubai is essential for anyone dealing with legal matters in the UAE. With the right legal counsel, you can ensure your rights are protected and that your legal challenges are handled effectively. Whether it's for personal or business matters, an experienced attorney Dubai can provide the expertise needed to navigate the complexities of the local legal system.
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privatenotary · 18 days ago
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What is the process for applying for a power of attorney in Dubai?
A Power of Attorney (POA) is a legal document that allows one person (the principal) to grant another person (the agent or attorney-in-fact) the authority to act on their behalf in legal, financial, or business matters. In Dubai, the process for applying for a POA is straightforward, but it's important to follow all necessary steps to ensure that the document is valid and recognized. Here’s a detailed guide on the process and when you might need a POA.
Process for Applying for a Power of Attorney in Dubai
1. Determine the Type of POA
General POA: Grants broad powers to the agent to act on behalf of the principal in various matters, such as business transactions, property management, or financial matters.
Specific POA: Grants authority only for a specific purpose, such as signing a contract, managing a specific property, or handling a particular legal issue.
Durable POA: Remains valid even if the principal becomes mentally incapacitated (if specified).
Limited POA: Grants limited authority for specific tasks or actions.
2. Draft the POA Document
Prepare the document specifying the authority granted to the agent. The document should include:
The full names and identification details of both the principal and the agent.
A clear description of the powers being granted.
Any limitations on the agent’s authority (if applicable).
The duration of the POA (if relevant).
You can either draft the document yourself or seek assistance from a legal consultant to ensure that it complies with UAE laws.
3. Notarize the POA
The POA must be notarized by a licensed Notary Public in Dubai. This step ensures that the document is legally binding.
You will need to bring your original identification documents (e.g., Emirates ID, passport) to the notary to confirm your identity.
The notary will verify the document and witness the signing process. The notarization fee typically ranges from AED 100 to AED 500.
For added convenience, you can use services like The Private Notary, which offers professional notary services to help with the drafting and notarization of the POA.
4. Attestation (If Required)
If the POA needs to be used outside the UAE, it may require attestation by the UAE Ministry of Foreign Affairs (MOFA) or the embassy of the country where the POA will be used.
The attestation process authenticates the document for international use, making it valid in foreign countries.
5. Provide the POA to the Agent
Once the POA is notarized (and attested if necessary), provide the original POA to the agent (the person authorized to act on your behalf).
The agent can then use the POA to perform the actions specified, such as managing property or signing contracts.
6. Revocation of POA
The principal can revoke the POA at any time, as long as they are mentally competent. The revocation should be notarized and communicated to the agent, along with any third parties who might have received the POA.
When Might You Need a Power of Attorney in Dubai?
A POA is useful in a variety of situations. Here are some common reasons why you might need one in Dubai:
1. Business and Corporate Matters
If you own a business or are involved in managing one, you may need a POA to delegate authority for signing contracts, handling legal documents, or managing financial matters on behalf of the company.
You might need a POA when opening a corporate bank account, entering into agreements, or filing company documents.
2. Real Estate Transactions
If you own property in Dubai and cannot be present to manage the sale, purchase, or rental of your property, you can grant a POA to an agent to handle the transaction on your behalf.
A POA is commonly used for signing property-related documents, completing registration, and managing property maintenance.
3. Medical Decisions
In the case of medical emergencies or if you are unable to make decisions for yourself, a medical POA can grant an agent the authority to make healthcare decisions on your behalf.
4. Financial Management
You may need a POA to allow someone to manage your personal finances, pay bills, or handle investment matters, especially if you are unavailable or incapacitated.
It can also be used for tax filings, handling insurance matters, or managing bank accounts.
5. Travel and Legal Matters
If you are traveling abroad or are unavailable, you might need a POA to allow someone to handle legal matters such as representing you in court, signing legal documents, or dealing with immigration procedures.
6. Real Estate and Property Management (For Non-Residents)
Many expats or non-resident property owners in Dubai use a POA to manage property, handle rental agreements, or carry out real estate transactions while they are outside the country.
7. To Handle Personal Affairs
A POA can also be used for handling personal matters, such as managing family assets, signing personal documents, or handling legal matters related to inheritance or probate.
Conclusion:
A Power of Attorney in Dubai is an essential legal tool that allows individuals to delegate authority to someone they trust to act on their behalf. By following the appropriate process of drafting, notarizing, and possibly attesting the POA, you can ensure that it is legally valid and recognized.
For professional assistance with Power of Attorney services, including notarization and attestation, consider working with services like The Private Notary to make the process smooth and efficient.
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dubaimovies · 24 days ago
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Landscape Maintenance in Dubai, UAE
Landscape Maintenance In Dubai
At Green Creation Landscaping, we are dedicated to helping you achieve and maintain the stunning outdoor spaces you’ve always envisioned. Our expert team, equipped with advanced tools and techniques, ensures your property remains immaculate throughout the year. Whether for residential or commercial properties in Dubai and across the UAE, we offer a wide range of professional landscape maintenance services, including:
Comprehensive Property Care Scheduled Lawn Mowing & Edging Regular Weed Management Lawn Aeration & Thatch Removal Shrub and Small Tree Pruning Thorough Weeding Services Mulch and Soil Application Customized Fertilization Plans Expert Seeding Services Lime and Sulfur Treatments Soil pH Testing and Balancing Seasonal Flower and Planting Programs Outdoor Landscape Lighting Solutions Irrigation System Maintenance and Repairs
Our tailored year-round maintenance contracts are designed to enhance the beauty, functionality, and longevity of your outdoor spaces. Each plan is customized to meet the specific needs of your property, ensuring consistent care by highly skilled and experienced crews who have been part of our team for many years. From small-scale gardens to large commercial properties, we guarantee timely and cost-effective service delivery without compromising quality.
Garden Landscaping In Dubai
Keeping your garden vibrant and healthy requires ongoing maintenance. If your schedule or expertise limits your ability to provide the care your garden deserves, Green Creation Landscaping is here to help. We offer comprehensive garden maintenance services, whether you need support during specific seasons or year-round. Our flexible plans are customized to fit your landscape design, schedule, and budget. We specialize in seeding, planting, bulb care, pruning, weeding, pest monitoring, and much more. Routine visits by our expert team ensure your garden remains lush and well-maintained. Our weekly or monthly plans include pruning, fertilization, pest management, debris removal, and seasonal irrigation adjustments, ensuring every aspect of your garden’s care is handled with precision. For interior plantings, we also offer tailored weekly or monthly maintenance plans to keep foliage plants thriving and visually appealing. At Green Creation Landscaping, our attention to detail and proactive approach ensure that your outdoor and indoor spaces remain fresh, beautiful, and functional all year round.
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Junk Removal Company Dubai
As a leading company in the construction and demolition waste management services sector in the UAE, we provide a full range of sustainable solutions in the market to meet the requirements of the construction and demolition sector in Dubai
We provide our services to collect Construction and Demolition Waste and dispose of as per Dubai Municipality norms and in most economical and environment- friendly way. Most of the construction & demolition waste generated in Dubai is aimed for recycling into usable road and construction based aggregate thus helping to save environment. We offer construction and demolition waste collection and disposal services at most competitive and attractive contract rates. For free assessment and quote for your construction waste disposal needs, please feel free to contact us
Waste Removal, Disposal and Transport Services for best prices
You have come to the right place for waste management company Dubai. In addition to dealing in all forms of medical waste, hazardous and non-hazardous solid garbage, we also offer disposal vehicles for green waste. We get rid of organic, construction, demolition, and garbage. Pioneers in waste collection, transportation and disposal in Dubai.
Medical / Clinical Waste Collection
Our business follows regulations and best practices while handling your clinical waste. From start to finish, we strive to provide excellent service while also making sure that your medical waste is collected and disposed of as reasonably as feasible. We are a reputable provider of medical waste management in Dubai. We make going green easy.
General Waste / Garbage Collection
You can maintain the area around your place of business free of general rubbish by working with our waste management company Dubai. For whatever sort of rubbish, industrial waste, solid waste, or liquid waste, we offer a garbage disposal option. The best expert junk removal and rubbish collection services are what we offer. In terms of client service, our Dubai junk collection staff is at the forefront.
Expired Pharmaceutical Medicines Collection
Prior to treatment, medical waste should be collected and kept in a way that limits potential contact with people and the environment.We are specialising in the collection and transportation of bio-medical waste, including expired medicines, infectious, pathological, sharps, chemical, cytotoxic and pharmaceutical waste. We’re a reliable company based in Dubai you can trust.
Why  Demolition & Garbage Collection Dubai
Demolition & Garbage Collection Dubai provides one-stop shopping for all waste management needs to the corporate sector. We wish to better comprehend Dubai’s garbage and manage it with the appropriate technology to get the best benefits.
For certified compliant waste segregation, storage, collection, recycling, and disposal of medical and general trash, we offer comprehensive end-to-end solutions. More than just a waste management company, Demolition & Garbage Collection Dubai is a dedicated steward of Dubai’s environment, crafting sustainable solutions for homes, businesses, and beyond.
As one of the leading waste management firms in the UAE, we take our obligations seriously. One of the most trsuted Waste Management Company Dubai, UAE.
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scribblesoul-20 · 26 days ago
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Job title: Insurance Coordinator cum Receptionist Company: Job description: Position : Insurance Coordinator cum ReceptionistSalary: 2,000 to 2,500 AED per monthWorking Hours: 9 AM to 5 PM (with a break)Weekly Off: FridayExpense: work permit costs covered by the companyJob Location: AjmanContract Type: Limited Contract (2 years)UAE experience: 1 to 2 yearsNote: Candidates should be Pakistani or IndianInterested candidates can send their CV or application via WhatsApp: 📱+971 55 125 7438 or Expected salary: Location: Ajman Job date: Mon, 20 Jan 2025 00:23:57 GMT Apply for the job now!
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artia13 · 27 days ago
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Captain - Fixed-Term Limited Contract UAE (Pakistan)
https://tinyurl.com/27ypol3b Artia13 - Offres d'Emploi Captain - Fixed-Term Limited Contract UAE (Pakistan) Emploi Pakistan Titre du poste : Captain – Fixed-Term Limited Contract UAE (Pakistan) Entreprise : Air ...
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Complete Guide to Setting Up a Company in Dubai: Visas, Licensing, and Legal Requirements
1. Introduction
Dubai has emerged as a leading global business hub, offering a strategic location, state-of-the-art infrastructure, and a business-friendly environment. This guide provides a comprehensive overview of the essential steps and considerations for setting up a company in Dubai, including visa procedures, licensing requirements, and legal obligations.
2. Types of Business Structures
2.1 Free Zone Company
Advantages: 100% foreign ownership, tax exemptions, full repatriation of profits.
Disadvantages: Limited to operating within the free zone or internationally.
2.2 Mainland Company
Advantages: Ability to trade within the UAE market, no restrictions on office location.
Disadvantages: Requirement of a local sponsor or service agent.
2.3 Offshore Company
Advantages: Confidentiality, asset protection, tax optimization.
Disadvantages: Cannot conduct business within the UAE.
3. Licensing Requirements
3.1 Commercial License
For companies involved in trading activities.
Required for import, export, and selling goods.
3.2 Industrial License
For manufacturing or industrial activities.
Requires approval from the Dubai Municipality and other relevant authorities.
3.3 Professional License
For service providers, professionals, and consultants.
Allows 100% foreign ownership.
4. Steps to Register a Company
4.1 Choose a Business Activity
Determine the type of business activity to select the appropriate license.
4.2 Select a Business Structure
Decide on the most suitable business structure (Free Zone, Mainland, or Offshore).
4.3 Register the Trade Name
Ensure the chosen trade name complies with the Department of Economic Development (DED) guidelines.
4.4 Obtain Initial Approvals
Obtain initial approval from relevant authorities based on the chosen business activity.
4.5 Draft Memorandum of Association (MOA)
Draft and notarize the MOA if setting up a Mainland company.
4.6 Lease an Office Space
Secure office space and obtain a tenancy contract.
4.7 Submit Documents and Pay Fees
Submit required documents to the DED or relevant Free Zone authority and pay the registration fees.
5. Visa Procedures
5.1 Investor Visa
Available for business owners and investors.
Requires a minimum investment amount.
5.2 Employment Visa
Issued for company employees.
Requires an employment contract and medical fitness test.
5.3 Family Visa
Allows company owners and employees to sponsor family members.
Requires proof of income and accommodation.
6. Legal Requirements and Compliance
6.1 Corporate Bank Account
Open a corporate bank account in Dubai.
Provide company documents and proof of business activity.
6.2 VAT Registration
Mandatory for businesses with annual revenue exceeding AED 375,000.
Register with the Federal Tax Authority (FTA).
6.3 Annual Audits
Maintain accurate financial records.
Conduct annual audits and submit reports to relevant authorities.
6.4 Renewal of Licenses
Renew trade licenses annually.
Submit required documents and pay renewal fees on time.
7. Conclusion
Setting up a company in Dubai involves navigating various legal, financial, and administrative processes. By understanding the different business structures, licensing requirements, visa procedures, and compliance obligations, entrepreneurs can ensure a smooth and successful business setup in one of the world's most dynamic markets.
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australiajobstoday · 28 days ago
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GP Dentist
Position : GP DentistCompensation: 40% commission on net profit after material expensesWorking Hours: Split shift: 9 AM to 1 PM and 5 PM to 10 PMWeekly Off: One dayExpense: Visa and MOH registration costs will be covered by the candidateJob Location: AjmanContract Type: Limited Contract (2 years)UAE experience: 2 to 5 yearsInterested candidates can send their CV or application via WhatsApp: 📱+971…
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aitoolswhitehattoolbox · 28 days ago
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GP Dentist
Position : GP DentistCompensation: 40% commission on net profit after material expensesWorking Hours: Split shift: 9 AM to 1 PM and 5 PM to 10 PMWeekly Off: One dayExpense: Visa and MOH registration costs will be covered by the candidateJob Location: AjmanContract Type: Limited Contract (2 years)UAE experience: 2 to 5 yearsInterested candidates can send their CV or application via WhatsApp: 📱+971…
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