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New bank account option for UAE onshore companies with low minimum balance

New bank account option for UAE onshore companies with low minimum balance

February 2018

New bank account option for UAE onshore companies with low minimum balance We would like to inform you about the new corporate account opening option for UAE onshore companies in one of the highly reliable banks in the UAE with: the minimum monthly balance which is less than most of the banks and is only AED 20.000,- (USD 5.500,- ) per business account. In the present time, most of the banks in the UAE and internationally have high requirements on the minimum account balance. Dubai and the entire UAE is well known for its

Good Conduct Certificate, Dubai, the UAE

Good Conduct Certificate, Dubai, the UAE

February 2018

Good Conduct Certificate, Dubai, the UAE A new mandatory requirement concerning the obtaining of a residency visa in the UAE has been recently issued. Beginning from February 4, 2018, everyone who plans to get the UAE investor visa will be obliged to get the so-called “good conduct certificate.” Questions and answers on good conduct certificate, UAE Who has to obtain the certificate? The certificate has to be obtained by everyone who wants to get an investor visa or work in the UAE. However, presently this does not

Timeline Deferral for the first VAT Return in the UAE

Timeline Deferral for the first VAT Return in the UAE

February 2018

Timeline Deferral for the first VAT Return in the UAE The countries of the Gulf Cooperation including the UAE have introduced the VAT tax beginning from January 2018. It comprises 5% and is levied on goods and services. The UAE authorities have long discussed this. However, some businesses still find it hard to get used to the changes in the legislation. The Federal Tax Authority has decided to extend the dates for filing the first VAT return. “It will reduce and facilitate the process of reporting the pressure on

Visa status change or transfer in Dubai, the UAE

Visa status change or transfer in Dubai, the UAE

February 2018

Visa status change or transfer in Dubai, the UAE In this overview, we provide the info on the possible scenarios on the change of the UAE visa status and the applicable procedures.When talking about such change we need to evidently separate the tourist or visit visa which is provided to be able to stay in the UAE for up to 30 days and the resident visa which gives the right to permanently live in the UAE and is usually provided for 2 or 3 years with the further renewal option. When speaking about tourist or visit visa - such

Mangrove Forests in the UAE

Mangrove Forests in the UAE

February 2018

Mangrove Forests in the UAE Mangroves are forests consisting of shrubs and small trees growing in the tropics and subtropics. Mangroves are a source of a special highlight for the United Arab Emirates. Mangrove forests are not only extremely beautiful – they are also very useful, primarily because they support unique ecosystems. They are the habitats of many animals and contribute to the accumulation of silt and sand. The government of the UAE is aware of the mangroves’ important contribution to the environment, and

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