CONNECTING YOU TO OPPORTUNITY

What can we help you find?

Residents can apply for the service on the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) website

UAE residency visa holders who stay outside the Emirates for more than six months may now apply for a permit to re-enter the country, Khaleej Times can reveal. Such residents will need to specify a reason for having stayed outside the country for that long and may need to furnish proof for the same. Travel and typing centre agents confirmed having received a notification to this effect.

Residents can apply for the service on the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) website. The service is called ‘Issue permit for staying outside UAE over 6 months’ and can be found under ‘smart services’.

The applicant can re-enter the country only after getting an approval email from the ICP. The approval process takes about five days.

To avail of the service, applicants must enter their details and that of their sponsors, as well as their passport and residency-related information. A mandatory field on the application seeks the reason for staying outside the country for six months or more.

Abdul Gafoor, general manager of Al Mas Businessmen Service, confirmed that the new system has been put in place. “An in-person system used to be in place earlier before Covid-19, but now it has been unified and can be done online.”

T.P. Sudheesh, general manager, Deira Travels, also confirmed having received the notification. “There is an approval process that residents need to follow. This is available on the e-channels of the ICP.”

Residency is typically cancelled automatically if its holder has been outside the country for 180 days. An exception to the rule was Golden Visa holders, who can remain abroad for as long as needed without it affecting their residency status.

The new entry permit system is the latest in a string of changes to the visa and residency system implemented recently. The fees to avail of ICP services, including those to issue visa and Emirates IDs, went up by Dh100 earlier this month. Visit visas can no longer be extended within the UAE, with holders having to exit the country and come back on a fresh visa. The ICP also recently standardised the fine on overstaying visas in the country to Dh50. Tourist and visit visa holders who overstay will pay Dh50 a day instead of Dh100, and those overstaying on a residency visa will have to pay double — Dh50 a day instead of Dh25.

The UAE’s largest entry and residency visa reforms went into effect in October last year. The reforms cover all aspects of residency, including an expanded Golden Visa scheme; a new five-year Green residency; a multiple-entry five-year tourist visa; and job hunting entry permits.

Source:
Khaleej Times

Employers now have until December 31, 2023 to make the changes

Abu Dhabi: The Ministry of Human Resources and Emiratisation has announced that the deadline for correcting the current conditions granted to employers, especially regarding the transfer of work contracts concluded and signed between workers and employers, will be extended from indefinite-term employment contracts to fixed-term employment contracts until December 31, 2023.

According to the UAE Labour Law, which came into force on February 2, 2022, the employment contract is concluded for the employee for a specified period, not exceeding three years, and it is permissible, by agreement of the employer and the worker, to be extended or be renewed for a similar period or for a shorter period once.

If the employer and the worker continue to implement the contract after the expiry of its original term without an explicit agreement, the original contract shall be considered extended under the same conditions contained therein.

In the event of an extension or renewal of the contract, the new period or periods shall be considered an extension of the original period and shall be added to it in calculating the employee’s continuous service period.

Unspecified work contracts will be converted into fixed-term work contracts within one year from the date of entry into force of the new labour law and in accordance with the conditions, controls and procedures contained therein.

The Council of Ministers may extend this period for other periods as required by public interest.

According to the new decision, the transfer of work contracts concluded and signed between workers and employers in the private sector will be extended from indefinite-term employment contracts to fixed-term employment contracts until December 31, 2023. Therefore, the two parties will have enough time to adjust the conditions of workers and employees during the period until the end of the year 2023.

Source:

 

 

If you’re planning to start a business in 2023, there are many great reasons to check out Abu Dhabi.

As the capital of the UAE, Aby Dhabi is one of the most innovative cities on the planet. Its thriving business community is supported by ultra-modern infrastructure, tailor-made government initiatives and one of the most desirable tax environments in the world.

And when you start your business with Creative Zone via the ‘ Setup in Abu Dhabi’ platform, we’ll manage the entire process for you and give you access to extensive business support services.

Want to know more? In this article, we’ll cover the following key considerations.

  • Why now is the best time to set up in Abu Dhabi
  • The benefits of doing business in Abu Dhabi
  • How to start your Abu Dhabi business with Creative Zone

Why now is the best time to set up in Abu Dhabi

Abu Dhabi has laid its foundations as a premier business destination over many years. However, more recently, the country’s businesses, institutions and rulers have built upon this groundwork with a host of initiatives to help entrepreneurs flourish here in the Middle East.

As part of its drive to attract more businesses to the region, the Abu Dhabi government slashed business set-up fees by over 70% in recent years. On top of this, the emirate is now home to five free zones offering 100% foreign ownership, zero currency restrictions, repatriation of profits and capital, and 100% customs tax exemption, among other benefits.

But the most compelling reason to start your business in Abu Dhabi right now is the Setup in Abu Dhabi platform. Introduced to support startups and SMEs, it is backed by 25 government and private entities, including the Abu Dhabi Department of Economic Development, Abu Dhabi Global Market, the Abu Dhabi Investment Office and Creative Zone.

Essentially, the platform is an easily accessible marketplace containing essential information and a range of services designed to support ambitious businesses. This includes company formation assistance, banking, legal and accounting services, and much more.

The benefits of doing business in Abu Dhabi

When you start your business via the Setup in Abu Dhabi platform with Creative Zone, you gain access to a wide selection of indispensable corporate services and other great benefits. Let’s look at some of them in more detail.

An environment that’s built for business

One of Abu Dhabi’s largest accelerator programmes to date concluded in 2021. The three-year initiative saw the introduction of the instant business license, easier access to funding for SMEs, and the SME loan credit guarantee scheme, which offers banks greater assurances to lend to smaller businesses.

This adds to an already highly attractive business environment that includes 0% tax on personal and corporate income and a strategic location with direct trade links to Africa, Asia and Europe.

A diverse and growing economy

Abu Dhabi’s rulers are committed to growing and diversifying the emirate’s economy and have successfully invested in non-oil industries to achieve that aim. In the first half of 2022, the local economy expanded by over 11%, with non-oil GDP increasing from AED 28.4bn to AED 273bn.

To ensure this trend continues, the government is set to announce further initiatives and funding as part of its Annual Investment Meeting 2023. The new measures will be geared toward helping Abu Dhabi enhance its status as a global trade and investment hub.

World-leading infrastructure

Thanks to world-leading technology rollouts, Abu Dhabi regularly ranks among the world’s smartest cities. The emirate’s vast technological infrastructure includes extensive government e-services, virtual licensing options, near-universal high-speed broadband and one of the fastest 5G implementations in the world.

The city’s business support network extends far beyond the digital space. Abu Dhabi International Airport flies direct to over 100 destinations across 50 countries, while Khalifa Port is the first to be automated in the Gulf region and among the most advanced in the world.

Security, safety, quality of life

The UAE was recently rated as the second safest country in the world across three key factors – war, personal security and natural disasters. It also regularly features among the best places to live for expatriates.

Abu Dhabi, specifically, performs well against these measures, too. The emirate was voted the safest city in the world for six consecutive years and came first in the 2021 Global Liveability Index.

Expatriates from around the world call Abu Dhabi home, with residents originating from over 200 countries. Each is afforded a warm welcome by the Abu Dhabi Residents Office, which is on hand to help new arrivals integrate into local culture and communities.

Start your Abu Dhabi business with Creative Zone

As a vital partner of the Setup in Abu Dhabi platform, Creative Zone can help you start your business and open the door to a range of incredible business support partners.

Our shared initiative gives you everything you need to launch, grow and thrive out here, including assistance choosing the correct jurisdictions and legal structures, easy banking solutions, plus tax, accounting, HR and legal support. We can also assist with trade license applications, including:

  • Visas
  • Insurance
  • Office space
  • HR
  • Funding
  • Networking and opportunities
  • Commercialisation

Getting started is simple. After a short consultation to better understand your business, we’ll guide you through the following four-step process.

Step 1: Registering Your Company Name
When starting a business in Abu Dhabi, you must adhere to the UAE’s strict naming conventions. This means avoiding words that could be considered offensive or blasphemous. You should also ensure that your chosen name is not similar to existing businesses or institutions.

Step 2: Acquiring a Business License

We can manage this entire process for you, liaising will all government and industry bodies on your behalf. If you are setting up on the mainland, your application is made directly to the Abu Dhabi Department of Economic Development. If you are setting up in a free zone, the relevant managing authority will handle your application.

Step 3: Completing the Visa Processes

As part of the visa application process, you will need to undergo a medical and fitness test, including a blood test and chest x-ray. As the holder of a UAE visa, you can also sponsor dependants for their applications. Dependants may include your spouse, parents or children, as well as domestic staff such as maids or drivers.

Step 4: Opening a Bank Account

You’ll need a corporate bank account to make and receive payments in the UAE. This can be a complex process for entrepreneurs from outside the GCC. However, the team at Creative Zone will take the time to get to know your requirements before advising on the bank best suited to your needs.

Ready to get started?

The incredible benefits of the Setup in Abu Dhabi platform are only a phone call away. Get in touch on 800 LICENCE (5423673) to speak with one of our company formation experts today.

Machine learning models such as ChatGPT are creating a real buzz among tech wizards and investors alike. And with good reason – the technology is set to revolutionise how business works in the coming years.

Artificial intelligence has been a hot topic on social media for the past month, with tech-savvy users raving about ChatGPT, a machine learning language generation model that gained an astounding one million users in less than a week after its public release on November 30, 2022.

ChatGPT, short for Generative Pretrained Transformer, was developed by OpenAI and can interact with users in a human conversation-like format, providing succinct answers to prompts and queries. It can also create code and plagiarism-free written content when required.

This type of software is getting investors very hot under the collar. Investment in generative AI has leapt by 425% in the past couple of years, with $2.1 billion invested in 2022 alone, according to data from PitchBook. This growth will be unstoppable in 2023 following the success of ChatGPT as others look to develop similar technologies.

And when investors get excited, it usually means there’s a lot of money to be made in the coming years. That money will be generated from sales to companies in all industries, which will use the AI in a dazzling variety of ways, revolutionising how businesses work.

How ChatCTP-3 can benefit businesses

Technology such as ChatGPT has applications for pretty much every industry. Here’s a quick snapshot of six sectors set for an AI-inspired shake-up:

  • Data analysis: For those looking to perform web scrapes and suchlike, ChatGPT’s coding capabilities are a game changer, making the process much quicker than conventional methods and suggesting libraries that the user might not have been aware of.
  • Copywriting and public relations: ChatGPT can be given a set of criteria and produce a well-written, plagiarism-free response based on that, which can then be sent out to the media or published as an article. Likewise, it can generate story ideas and pitches in tailored emails to editors in seconds, rather than the hours it takes manually. Content creators can also use it for applications such as creating video scripts.
  • Customer relations: AI like ChatGPT can be used to sift through customer interactions –whether these occurred via phone, email, messaging or social media – and draft new responses based on what it finds. This gives salespeople the ability to craft a perfect response to a customer query or complaint.
  • Sales: ChatGPT can be used to perfect sales pitches to prospective customers, which frees up the sales team to make more calls and therefore generate more sales and revenue.
  • Teaching: While ChatGPT won’t be able to replace a teacher in a classroom, it can certainly help them to prepare. Education professionals spend nearly 50% of their working hours on things like lesson planning – a process that ChatGPT can perform in seconds.
  • Healthcare: Creating medical reports and summaries is a significant element of healthcare professionals’ daily tasks. When prompted correctly, ChatGPT can create outlines and overviews, which the healthcare professional can then edit accordingly – cutting the time needed to do that and enabling them to perform more patient-facing activities.

These are just some examples of how technology such as ChatGPT could benefit businesses in the coming years.

It should be noted that for ChatGPT to be used effectively, users will require several new skills, such as understanding how to prompt the software correctly, how to cross-reference any pertinent information and how to edit and personalise the outputs.

This technology could also help create new jobs. Not only in the companies developing and commercialising this technology, but also for individuals training others to use ChatGPT software effectively. People who specialise in teaching the AI program to learn from customised datasets particular to specific niches and industries will be in high demand, as this will enable novel applications for the software in new areas.

Downsides

Of course, there are potential downsides to this technology. Currently, even though it has billions of parameters, it has its limits, such as:

  • The potential for biased output: ChatGPT is trained on a large dataset of human-generated text. This dataset may contain biases reflected in the output generated by the model, which can be particularly concerning if ChatGPT is used to generate content for sensitive topics or assist decision-making.
  • Built-in limitations: OpenAI has programmed ChatGPT with certain limitations, prohibiting it from discussing sensitive topics.
  • Potentially unrealistic or misleading content: Because GPT is a language-generation model, it cannot fact-check or verify the accuracy of the content it generates. This means it can generate unrealistic or misleading content if given a misleading prompt.

The tech could also threaten some jobs. As mentioned, ChatGPT and its ilk can produce data and content much faster than a human. With pressure on margins and the bottom line being felt by many businesses around the world as the global economy slows, managers are looking to cut costs, and replacing humans with technology has been a strategy for hundreds of years now.

But, as ever in business, when new technology arrives to replace an existing job, workers will find new roles. For instance, content creators can pivot to become content editors instead. While the technology can produce copy to a standard in a fraction of the time a human can, it has limits, as outlined above, which means a human eye is still needed to check everything is accurate. It also lacks the individual style and flair a human writer can input into a text to make it compelling for readers and not sound ‘robotic’.

Conclusion

ChatGPT’s versatility and ability to generate high-quality, human-like text seem set to make it a valuable tool for a wide range of tasks in the coming months and years.

Individuals and enterprises who recognise the potential of ChatGPT while understanding and working around its limitations will quickly realise the immense potential this software offers for streamlining and speeding up processes. This, in turn, will help professionals find a better work-life balance, as the ability to semi-automate mundane, repetitive writing tasks will free up time and allow staff to focus on the primary responsibilities of their roles.

It should also be noted that this is still an emerging technology, and companies such as OpenAI will continue to develop their products and enhance their effectiveness going forward.

Software has revolutionised businesses in myriad ways in the past 35 years, and with machine learning applications such as ChatGPT, this trend is set to continue – and businesses will continue to reap the benefits. The AI game is changing, as ever. Now is the time to look at investing in it to get ahead of rivals.

The UAE continues to prove the strength of its diverse market by showing tremendous growth in its oil and non-oil business sectors. In recent years, one of the businesses that have displayed a significant demand in the UAE is the real estate market.  

With stable and promising ROIs, the surge in demand for residential and commercial properties in the UAE has increased, opening more investment opportunities for developers and foreign investors in the region. 

In this article, we will explore the growing business opportunities of the UAE’s booming real estate market. We will talk about the following: 

  • Dubai and Abu Dhabi lead the UAE’s real estate market boom 
  • Sectors where the demand is high 
  • Where to invest in real estate in the UAE  
  • What caused this surge? 
  • Is this the right time to invest in real estate? 
  • What to remember? 

Dubai and Abu Dhabi lead the UAE’s real estate market boom 

In 2021, the real estate market in the UAE recorded considerable growth, with approximately 61,000 properties sold. 

This momentum was carried in 2022 as Dubai led the way in the UAE’s real estate market boom after recording a 47.6% year-on-year increase in lease contracts registered in the third quarter of the year. 

Over the same period, the average property prices in the city have increased by 8.9%, average apartment prices rose by 8.0%, and average villa prices rose by 14.3%. Overall, the average rental rates in Dubai have recorded their highest growth rate increasing by 26.6%. 

The UAE’s capital, Abu Dhabi, has also recorded an upward trajectory in the same year after reaching a 3.2% average property increase in the residential sector. During the same quarter, average apartment prices rose by 3.3%, while average villa prices surged to 2.7%. 

Sectors where the demand is high 

These are the sectors that are showing a good demand in the UAE’s real estate market scene for the next 2-5 years: 

  1. Rentals, studios, one bedroom: in 2022, these sectors recorded the highest demand and ROIs.
  2. Apartment and villa: the rental rates for this sector continued to record a notable upward trajectory in the third quarter of 2022, with quarterly increases of 3% and 6%, respectively.

3.Office rental: In the Q3 of 2022, the rates for office lease grew by 2% on average, although additional incentives may have influenced effective net rents. 

Where to invest in real estate in the UAE  

Real estate opportunities in the UAE are vast and varied. There are jurisdictions to suit all kinds of investors, from luxury villas and apartments to commercial and industrial properties.  

  1. Dubai real estate: for those looking to invest in residential properties, Dubai is the most popular destination due to its world-class infrastructure, amenities, and low tax rates. The city offers a variety of residential options ranging from one-bedroom apartments to luxury villas, with attractive views and access to world-class amenities.
  2. Abu Dhabi real estate: The capital of the UAE is also a popular destination for investors, with a range of residential and commercial real estate opportunities available. Abu Dhabi offers an attractive tax system and is known for its high-end, luxury properties.
  3. Ras Al Khaimah real estate: for lower property prices-type of investment, Ras Al Khaimah is a perfect choice. The emirate is known for its secured and stable market, making it a great option for long-term investments.

4.Ajman, Umm Al Quwain, and Sharjah real estate: all offer a variety of real estate opportunities with lower prices than their more popular counterparts in Dubai and Abu Dhabi. 

What caused the high demand for real estate in the UAE? 

Various initiatives and continuous efforts from the government are the main factors for the UAE’s real estate boom. This includes the introduction of visa reforms and favorable tax laws backed up by the UAE’s growing population.  

In addition, the recently held 2022 FIFA World Cup also became a catalyst for the surge of demand and prices of properties in the UAE. 

Is it the right time to invest or buy a property in the UAE? 

The short answer is yes. With the market expected to continue to grow in the next 5-10 years, it is advisable to get an investment property in areas with high demand.  

What to remember? 

Investing in real estate in the UAE comes with a lot or risk and benefits that you must be aware of. If you are interested in investing into properties, then it is essential to seek business advice from consulting firms, like Creative Zone 

How Creative Zone can help 

In order to ensure a profitable investment, you must get professional assistance from our business experts in Creative Zone when starting a real estate investment in the UAE. Our team will assist you – from choosing the properties to get to up to selecting the most appropriate jurisdiction for your investment.  

Begin your entrepreneurial journey by taking advantage of our free consultation today. 

Inquire now   

First, the good news. The UAE has been bucking volatile international trends with both economic performance and outlook. The UAE’s GDP is expected to top 6% growth in 2022, up from 3.8% in 2021, according to the International Monetary Fund (IMF). In Abu Dhabi alone, the first half of 2022 saw GDP grow by over 11%.

The number of new business licences issued in Dubai reached nearly 25,000 in the first quarter of this year, up almost 60% on 2021, helped by what Dubai’s Department of Economy and Tourism referred to as the “robust fundamentals, resilience and sustainability of Dubai’s economy”. Along with wide-reaching reforms to visa rules and improvements to the startup ecosystem, things are set to become even easier and more profitable for entrepreneurs and new businesses in the region.

But what else has changed in 2022, and how might it affect the outlook for the years ahead? From rising real estate to nose-diving crypto, from visa and legislative changes to VC investment, this article takes a closer look at some of the most significant details.

Startup ecosystem

Dubai has fostered a robust entrepreneurship ecosystem for many years, and it’s impossible to mention all the endeavours the UAE authorities have made to make Dubai and the UAE an attractive place to set up a new business. Expat entrepreneurs enjoy 100% ownership in the country’s 45 free zones, and the UAE’s open business environment has created a healthy startup ecosystem in which its 350,000 SMEs make up around 40% of Dubai’s GDP and employ over 40% of the workforce. In addition, the government has put tremendous effort into stimulating SMEs – development funds and agencies such as Dubai SME, Dubai Future Accelerators and the Khalifa Fund for Enterprise Developers continue to support SMEs across all development phases.

This year, Dubai’s Crown Prince Sheik Hamdan launched a USD$100-million venture-capital fund for startups to increase the number of SMEs, boost their future success and encourage growth and expansion into international markets. This initiative goes hand in hand with the Ministry of Economy’s Entrepreneurial Nation scheme, which aims to transform 20 startups into unicorns – privately owned companies with a valuation of over USD$1 billion – by 2031.

These initiatives come hot on the heels of Sheik Hamdan’s Dubai Next, a digital crowdfunding platform for innovative startups that supports young innovators from around the world with access to project funding. This is in addition to the already well-established support offered to overseas and local startups from startup hubs and tech ecosystems such as Dubai Startup Hub and Abu Dhabi’s Hub71, as well as agencies such as Dubai Future Accelerator and other tech hubs, campuses and accelerators like Fintech Hive (Dubai), Flat6Labs (Abu Dhabi) and Sheraa (Sharjah).

This year also saw the official opening of a new UN programme for Arab SMEs – the Economic and Social Commission for Western Asia (ESCWA). Its e-commerce Acceleration Programme (eCAP) is designed to help up to 100 SMEs from eligible Arab countries, including all GCC states, to build and optimise online platforms as part of a transition to online selling.

Company formation/ business setup

As mentioned above, the number of new businesses taking advantage of preferential company formation in the UAE jumped by over 60% on last year’s figures for Q1.

Following various changes to company ownership rules – 100% foreign ownership is now permitted in mainland companies as well as free-zone organisations – corporate taxation rules came into force early this year for financial years beginning June 1 next year. The tax will be levied at 9% on profits over AED 375,000, but where free zones have provided 50-year tax-free guarantees to free-zone-incorporated companies, they can continue to enjoy those guarantees so long as they don’t conduct business in mainland UAE.

In addition to changes to visa rules discussed below, the UAE has recently introduced a new five-year Green Residence visa to attract and retain skilled workers. Investors and entrepreneurs can now enjoy the benefits of residency without the need for a local sponsor, and will also be able to sponsor residency for family members, giving UAE workers and their families a more stable environment in which to plan for the future.

Alongside the numerous schemes designed to help startups and SMEs discussed above, the UAE and Dubai continue to prove attractive for foreign direct investment (FDI). According to the government’s own Dubai FDI Monitor, foreign investment in the first half of 2022 grew by nearly 15% over the same period last year, making Dubai the world’s premier FDI hub.

Venture Capital landscape

Dubai’s 60% increase in new business license’s shows strengthening investor confidence in the UAE and a growing appetite among founders for its healthy startup ecosystem.

Among the big investment numbers this year, fintech Zenda raised almost USD$10 million in seed funding, and digital beauty platform Millennial Brands raised USD$35 million in growth funding. The region’s first unicorn, Careem, is moving from ride-hailing to financial services and has secured regulatory approval for its Careem Pay digital wallet. This offers various financial services, including peer-to-peer cash transfers using a mobile phone number, as well as bill payments.

Big Investment Numbers

Cypher Capital, a private VC firm with deep ties to the UAE and MENA region, announced a USD$100-million seed fund dedicated to blockchain and crypto investment, while Altibbi, the region’s largest AI-based digital-health platform, secured series-B funding of USD$44 million.

Although total VC funding was slightly down on 2021 levels across the MENA region, the UAE was the leading destination for VC funding this year. The first three quarters of 2022 alone accounted for US$845 million in UAE VC investment, with fintech taking almost 30% of the total deals.

Visa changes

In what is undoubtedly the biggest shake-up and relaxation of the visa system in recent years, new regulations came into force in April, giving foreign expats greater flexibility and a more tangible stake in the local economy. The changes include a relaxation of the need for a sponsor in certain circumstances and a permanent extension for visitor visas from 30 to 60 days. In an attempt to incentivise the children of expats to remain in the UAE after their formal education is complete, the new rules extend the period parents can sponsor male children, with the age limit rising from 18 to 25.

In addition, the “Golden Visa” scheme, introduced to support talented workers and individuals to help them pursue business success in the UAE, has been broadened to cover skilled professionals earning more than USD$8,000 per month. Previous rules governing the maximum duration permissible outside the UAE have also been removed, and the long-term Golden Visa means that foreign nationals can now live, work and study in Abu Dhabi without the requirement for a national sponsor, whilst retaining 100% business ownership on the UAE’s mainland.

Among other changes, the UAE authorities have also introduced a new multi-entry five-year tourist visa, as well as the Green Residence visa scheme discussed above.

Real estate

In the first half of 2022 alone, real estate transactions in Dubai hit USD$43 billion. Figures from the Dubai Land Department (DLD) show that in the first six months of this year, there were 60% more property transactions than in the same period in 2021, with an overall increase in value of around 80% compared to 2021.

While total real estate transactions in Dubai reached AED18.3 billion in May alone, would-be property investors who might previously have had trouble accessing the necessary capital to fund property investments are beginning to side-step that problem with crowdfunding options. This fund-raising method is becoming increasingly popular among property investors because they can appeal to a much broader group of investors via online platforms, and participants in investment projects invest – and risk – much smaller amounts across a broader and less risky portfolio.

Creative Zone - Startup year in review – 2022

As an example of what’s possible, crowdfunding platform SmartCrowd, licensed and regulated by the Dubai Financial Services Authority (DFSA), gives users the chance to pool investments in rental property and the chance of investment returns or capital growth. SmartCrowd reduces overall risk by spreading wealth across a portfolio of real estate assets, allowing lower capital expenditure by offering the chance to own just a portion of an individual property. In fact, investors can get involved in the real estate market via SmartCrowd for an initial investment of just AED 500.

Administrative, social and legislative changes in 2022

The past year has seen other changes come into effect, and although they’re not technically part of the startup scene, they’ll arguably have some indirect influence on the ease of doing business and the future pipeline of entrepreneurs and investors.

First of all, coming into effect at the beginning of 2022, the UAE’s official weekend was changed from Friday and Saturday to Saturday and Sunday, although it coincided with the establishment of a half-day from midday on Fridays. Consequently, the weekend now runs from Friday lunchtime to Monday morning. This has aligned the country with the common working week pattern in most parts of the rest of the world, although many other Gulf States have retained the Friday-Saturday setup. Although it only officially applies to government enterprises and schools, much of the private sector has adopted the changes.

Perhaps more significant is the new Federal Crime and Punishment laws that came into force in January 2022. This involved wide-ranging reforms to amend the law’s position on several social issues, and one of its aims is to reflect the fact that the expat community makes up around 90% of the UAE’s population. By aligning its stance on certain social issues with the prevailing norms in many western jurisdictions, the country’s position as a major international commercial hub is likely to be strengthened. Although not entirely comprehensive, some of the reforms involve added protection for women – for example, rape now carries a life sentence, with the death penalty for certain aggravated conditions. The legal definition of the age of a minor has been raised from 14 to 18 years, and so-called honour killings are now classed as premeditated murder. In addition, consensual relationships outside of marriage have now been decriminalised, and extra-marital consensual sex is no longer automatically punishable with a six-month imprisonment.

Crypto

We’ve left the biggest story until last, as we felt the fall-out from the year’s FTX-related events needed more in-depth examination. Its effects are shocking, far-reaching and demoralising, calling into question the very existence of unregulated virtual assets. In short, this crypto saga is a huge story with potentially unlimited ramifications.

To begin with, it’s fair to say that we’ve experienced a bumpy few years in the virtual-asset space, with a tumultuous couple of months for the reputation of crypto and, more importantly, for investors’ money. The BTC-E crypto exchange was shut down in the US in 2017 after allegations of money laundering, and the money invested vanished. In 2019, Canadian crypto exchange Quadriga went bust, with the investigating authorities concluding that it was nothing more than a Ponzi scheme. And, of course, there was the high-profile and dramatic collapse this year of Bahamas-based crypto exchange FTX, in what The Economist called “a catastrophic blow to an industry with a history of failure and scandals”. I’ll come to FTX in more detail later; but first, let’s look at what Dubai has done to prepare itself for an anticipated world of virtual assets.

As crypto’s damaged reputation shows, Dubai authorities understood a while ago that establishing some form of government body to provide crypto oversight and governance was essential to regulate an industry with a dubious reputation and lend it some legitimacy. It also aims to promote and establish a local crypto industry that could attract the best of the best from around the world. Dubai’s answer is the new Dubai Virtual Asset Regulatory Authority (VARA), a regulatory body that will oversee all cryptocurrencies in the UAE and will be responsible for the licensing, regulation and governance of all virtual assets, as well as investor protection. So far, so good – let’s remember, being well prepared for a renaissance in crypto, should that ever come, will give Dubai an edge over other jurisdictions.

So, let’s bite the bullet and take a closer look at this year’s biggest news in crypto: FTX. Bloomberg called its collapse “one of history’s greatest-ever destructions of wealth”. What its implosion has focused minds on – and what the plummet from grace of its founder, Sam Bankman-Fried, has underlined – is that the much-hyped utopian crypto dream of a new world order and more transparent financial system, one that made no secret of side-lining greedy bankers, was little more than a smokescreen for rogue billionaires to gamble investors’ cash with little or no risk exposure to themselves. As commentator Will Gottsegen noted, “part of the blockchain’s raison d’être lay in cutting out greedy bankers and creating greater trust between transacting parties. Now, in 2022, the crypto markets are controlled by an industry that’s proved time and time again just how similar to the existing financial system it really is”. Bankman-Fried is currently under investigation by the Securities and Exchange Commission and the US Department of Justice and is believed to be holed up in the Bahamas.

Creative Zone - Startup year in review – 2022

As if to underline the extent of Bankman-Fried’s unorthodox and potentially criminal operations, even left-leaning news-site Vox – poised to receive a grant from his philanthropic arm – noted that “[Bankman-Fried’s] business operations have been revealed to be a disaster, and Bankman-Fried as a deeply unserious person and potential fraudster”. The ripple effects of the collapse are far-reaching, and Bankman-Fried’s self-publicised and now infamous philanthropic gestures, embodied by the movement known as “effective altruism”, now lie in tatters with multiple casualties in their wake. And the irony that a San Francisco-Bay Area fad that purports to address poverty actively encouraged its devotees to amass as much wealth as humanly possible has been lost on absolutely nobody.

It’s perhaps no surprise, then, that effective altruism has suffered a potentially terminal blow after the collapse of the giant, multi-billion-dollar Ponzi scheme run from Bankman-Fried’s USD$40-million penthouse apartment in the Bahamas. But cultural subtleties aside, FTX’s customers are more concerned with the fact that they’re about USD$8 billion short, as are its one million creditors and investors, who have pumped in some USD$1.8 billion over the last few years. Some have lost tens or, in some cases, hundreds of millions of dollars on the paper value of FTX’s January valuation of USD$32 billion.

Evidence of real harm to people who FTX’s philanthropy purported to be helping is now beginning to emerge. Furthermore, the affair has underlined the grotesque cynicism of Bankman-Fried’s alleged philanthropy and the murky unregulated world of crypto. In short, it has called into question the ethics and moral compass of the crypto wild west, as well as fads such as effective altruism. In the spring of 2022, FTX chose Chicago for its US headquarters. On the face of it, the choice of Chicago made sense, as they wanted to use the city to pilot a cash programme under the guise of a guaranteed basic income targeted at poor African Americans in the city, in partnership with the city authorities and other non-profits. The same programme, masquerading as a charitable endeavour, also ran in Florida, and both helped to expand the market of the FTX app.

However, as former independent candidate for California Governor Michael Shellenberger recently reported, it has emerged that this was nothing more than a cynical PR and lobbying confidence trick, with the sole aim of securing Democrats’ support for FTX’s long-held desire to resist federal regulation and instead regulate itself. This was the great deception: Bankman-Fried positioned himself as the “pro-regulation prophet”, the adult in a room “notorious for its gamblers and grifters”. But as a journalist who has had recent contact with Bankman-Fried since the collapse of FTX reports, “his overtures to Washington [on crypto regulation] were much more about image than substance”. Indeed, the same journalist has published their exchanges, in which Bankman-Fried himself wrote, “yeah, just PR. F**k regulators, they make everything worse, they don’t protect customers at all.” Either way, it appears FTX targeted poor black neighbourhoods to remain unregulated and untouchable. As Michael Shellenberger notes, “the episode is a cautionary tale about how powerful financial interests use progressive social justice ideology to advance their business interests at the expense of the communities they claim to be helping”. That’s some understatement.

Confidence in a new financial landscape under the guise of a crypto utopia has been shaken to its core. Whether crypto can ever recover from this year’s events, only time will tell. After all, predictions of its demise aren’t exactly new. But if you’re not deeply sceptical about its security, ethics or shelf-life, you haven’t been paying attention. As news site Vox notes, “crypto may be the cat with nine lives: it’s just not clear which life it’s on right now”. But other commentators are probably far closer to the truth – as one noted recently, “[Bankman-Fried’s] antics have turned back the clock, and what looked like a winter is starting to feel more like an ice age”.

Oil to the rescue

With many western economies facing uncertain and turbulent futures, Dubai’s startup ecosystem is looking healthier and more attractive for foreign founders and investors by the day. Hydrocarbon-exporting MENA economies are thriving thanks to the high price of oil and gas, with GCC countries expecting more than 6.5% growth in GDP in 2022. Higher commodity prices have protected the region from a faltering global economy and have offered protection against the worst effects of high inflation, recession and a global energy crisis.

The result? All GCC states, including the UAE, have a very positive outlook for 2023.

All the new changes will come into effect from 1st January 2023.  

UAE’s Value Added Tax (VAT) was first introduced back in 2018 and is set at 5%. Simply put, VAT is an indirect tax levied on the consumption or use of goods and services. It is charged at each step of the supply process. The end consumers bear the costs of VAT while registered businesses collect and account for VAT, acting as tax collectors on behalf of the government.

The UAE’s government recently made some amendments to some of the provisions in VAT, which will take effect from 1st November 2023. There are 24 changes in total; some major ones are listed below.

UAE’s New VAT Rules 

  1. The new rule states that registered persons can apply for an exception from VAT registration if all of their supplies are zero-rated or if they no longer make any supplies other than zero-rated.
    Zero-rated supplies are supplies of property and services that are taxable at 0%. Some examples of zero-rated items include certain foods and beverages, exported goods, donated goods sold by charity shops, equipment for the disabled and prescription medications and is determined by the taxing authority.
  2. There is a 14-day setting period to issue a tax credit note to settle output tax, in line with the time frame set for issuing tax invoices. The federal Tax Authority may forcibly deregister persons in specific cases if deemed necessary.
  3. There is a provision to clarify and confirm the intended meaning of the text; to rephrase; or to improve the legislative sequence of legal provisions.

VAT Rules for Business

  1. For businesses, there is a mandatory registration limit of AED 375,000; if a company’s taxable supplies and imports exceed this amount, the business must register for VAT.
  2. Businesses can also choose to register for VAT voluntarily if their supplies and imports exceed AED 187,500.
  3. Similarly, a business may register voluntarily if its expenses exceed the voluntary registration level. This is designed to enable start-up businesses with no turnover to register for VAT.
  4. Businesses in the UAE are required to record their financial transactions and maintain up-to-date records.

VAT Exempted Sectors 

  • Residential properties
  • Bare land
  • The supply of some financial services
  • Local passenger transport

Register for VAT with Creative Zone 

Understanding and registering for VAT might be challenging if you are just starting out. Creative Zone Tax & Accounting works with individuals and companies of all sizes to ensure that your business complies with all relevant rules and regulations.

The Ministry of Economy recently unveiled NextGenFDI, an initiative designed to bring the world’s best digitally enabled businesses to the UAE.

With a 20-strong partner network of government ministries, banks, free zones and other private institutions, NextGenFDI gives companies and entrepreneurs everything they need to launch, grow and thrive in this business-nurturing region of the world.

As the initiative’s official corporate partner, Creative Zone is on hand to manage all company formation requirements.

In this article, we’ll cover the benefits of taking part in the NextGenFDI initiative, along with an overview of our services and the business environment in the UAE.

 

What is NextGenFDI?

NextGenFDI is an initiative launched in July 2022, designed to encourage digital-first businesses to set up and grow in the UAE.

The initiative is overseen by the UAE Ministry of Economy in partnership with ADGM, DIFC, Dubai Internet City, Dubai South, DMCC, Emirates NBD, WIO Bank, Sharjah FDI Office (Invest in Sharjah), Sharjah Research Technology and Innovation Park (SRTI Park), Sharjah Media City (Shams), Sharjah Islamic Bank, ARADA, Ras Al Khaimah Economic Zone (RAKEZ), G42 cloud, Citizens School, Creative Zone, and more.

To entice businesses to the region, NextGenFDI offers all of the necessary fundamentals for market entry in this part of the world. This includes banking, licensing and visa services, as well as support from free zones and FDI offices. Within its first six to twelve months, the initiative aims to attract 300 digital companies to our shores

Speaking shortly after its launch, Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said of the initiative, “We want to ensure that the world’s most promising digital companies can access all the benefits that our business-friendly environment offers. NextGenFDI is designed to ensure that our market entry process is as streamlined and coordinated as our technology ecosystem.

“This is a once-in-a-generation opportunity to bring some of the finest minds to the UAE and contribute to our drive to become the world’s leading innovation hub for years to come. If you’re a company with a strong idea, the UAE would like to see it materialise, and we’re here to make that process as simple and efficient as possible.”

NextGenFDI is just one of many recent reforms, initiatives and incentives designed to help the UAE bolster its position as one of the world’s leading business, investment, and innovation hubs. Others include 100% foreign ownership of mainland companies, long-term visas, and the decision to officially switch to a Monday-to-Friday working week.

 

Why should you get involved in NextGenFDI?

The main reason to get involved in NextGenFDI is the access it provides to an extensive partner network. Together, partners enable rapid company formation, license applications and bulk visa approvals, and they also provide commercial and residential lease incentives.

Companies from diverse industries are invited to apply for these services. However, some will be better suited to NextGenFDI than others. First and foremost, the initiative is open to more established applicants looking for a regional presence and currently investing in digital initiatives.

In regard to the types of businesses that will benefit most, this is likely to be global technology firms, data science companies, software, programming and coding companies, and digital asset entrepreneurs.

If this sounds like you, Creative Zone is on hand to help you get started with the NextGenFDI program in just a few simple steps.

First, we’ll take the time to get to know your business and requirements. With this information, we’ll help you choose the jurisdiction best suited to your needs and identify suitable business premises.

Next, we’ll manage your trade license application on your behalf and assist with the visa, bank account opening and lease agreement process. With these steps complete, you’re ready to trade in the UAE.

 

Why do business in the UAE?

Whether you set up here independently or through the NextGenFDI initiative, there is a long list of reasons to do business in the UAE.

For example, there is the UAE’s low tax environment, with a 0% rate on corporate and personal tax and a flat rate VAT of 5%. Customs tax exemptions are also available if you are setting up in a free zone.

The UAE’s strategic location is another huge benefit. At the heart of the Middle East, it is primed to trade with markets around the world thanks to direct links to Europe, Asia, Africa and beyond.

Finally, the corporate environment is open and welcoming. The UAE is built for business. So, if you’ve got an innovative idea, you can be sure to find the support you need to help it flourish out here.

 

Get started in the UAE with Creative Zone

With our simple yet ground-breaking model, Creative Zone has helped over 45,000 entrepreneurs from every corner of the world to launch and grow their businesses in the UAE.

As an official partner of NextGenFDI, we can guide you through every step of the company formation process, ensuring that it is fast, affordable and hassle-free. As well as managing your license and visa applications, we will liaise with all government departments and other authorities to ensure you have all approvals required to trade.

Our support extends far beyond the essential admin, too. We’ll introduce you to key NextGenFDI stakeholders depending on your requirements, from the Ministry of Economy and national banks to free zones, FDI offices and more.

Ready to get involved? Email [email protected] or call 800 LICENSE (5423673) for more information.

Dubai has become a magnet for entrepreneurs, investors and savvy business owners in recent years, and the trend shows no signs of slowing down. In fact, recent research projects that as many as 4,000 millionaires will migrate to Dubai in 2022, more than any other city in the world.

It’s little wonder that so many global citizens are choosing to operate their businesses from Dubai. As well as offering a famously high standard of living and lucrative opportunities for business owners, the government has introduced different visa options to make it easier for foreigners to settle down for longer. According to the UAE government, there are now more than 200 nationalities living and working across the region, with expatriates outnumbering UAE nationals significantly. But how easy is it to get Dubai residency and who is eligible?

In this article, we’ll discuss everything you need to know about getting a Dubai residency, including the benefits, requirements, and process. We’ll explore the five most common types of Dubai residency:

  • Residency through company formation
  • 10-year Dubai Golden Visa
  • Residency through proof of real estate investment
  • Five-year Green Visa
  • Retiree residency
  • Remote working residency
  • Employment visa

Residency through company formation

Registering a company in Dubai is one of the most popular routes to obtaining residency in the UAE. It means that entrepreneurs and business owners can combine the advantages of becoming a resident with the benefits of operating in a business-friendly environment. Competitively priced between 4,000­–6,000 USD, this type of residency visa includes a business trade licence, bank account opening and the opportunity to apply for up to four visas for members of your family, which makes relocating even easier. It’s valid for three years and can be renewed too.

By setting up in Dubai, you can operate on a truly global scale, while enjoying benefits that help you maximise your profits and enhance your lifestyle. Entrepreneurs can enjoy zero income tax and 100% business ownership, alongside a strong banking system, first-rate infrastructure, and a strategic location with easy access to emerging markets in Asia, Africa and Europe.

To qualify for Dubai residency through company formation, you will need to register your company in Dubai mainland or one of its free zones.

10-year Dubai Golden Visa

When the UAE introduced the Golden Visa in 2019, it meant expats from across the globe could live, work and study in Dubai for up to 10 years for the first time. As of October 2022, the scheme has been expanded and amended to make it easier for investors, too.

To secure a 10-year visa, you must be an investor, entrepreneur, exceptional talent, scientist, outstanding student, humanitarian pioneer or frontline hero. You will need to meet specific requirements, such as a minimum investment spend, specific qualifications or minimum capital.

Real estate owners will now be eligible for the Golden Visa too, providing they meet specific requirements. Firstly, the property must be worth a minimum of AED 2 million. With the latest changes, investors can now gain residency by purchasing off-plan properties from an approved local real estate company, provided the value is more than AED 2 million. Investors can also now purchase a property with a loan, though it must be through a specific bank.

The Golden Visa offers tangible benefits for expats looking to live in Dubai. It means that you can live, work or study in the UAE for as long as a decade, without worrying about renewals. Business owners needn’t worry about finding a national sponsor, since the visa allows 100% ownership of enterprises on the mainland. There are other significant advances too, such as easy application for a UAE driving licence, family visas and an opportunity to apply for jobs and accept employment with any company.

Interested in securing a Dubai residency visa? Get in touch with Creative Zone today to find out which option is best for you.

Dubai residency through proof of real estate investment

Dubai’s real estate market is huge. According to research from the EU Tax Observatory, as of 2022 at least $146 billion in foreign wealth is invested in the Dubai property market – twice as much as real estate held in London by foreigners. If you’re planning on purchasing a property in Dubai you may be eligible for a residency permit. However, you won’t receive it automatically and not everyone will qualify. In order to gain residency through the property you will need to ensure:

  • Construction on the property is completed by the time of purchase (unless applying for a Golden Visa)
  • The property is residential, not commercial
  • The property is valued at AED 1 million or more. You may also be eligible for a residency visa if you have multiple properties amounting to a total value of AED 1 million or more (unless applying for a Golden Visa)
  • You have acquired freehold ownership rights over the property without restriction or leasehold rights for up to 99 years.

The good news is that anyone can buy property in Dubai, providing they can afford it. There is no age limit on purchasing property in Dubai. You can also buy property in joint ownership and still be eligible for residency in Dubai.

As discussed in the section above, the requirements for obtaining residency through the Golden Visa by qualifying through real estate purchase differ from the requirements for the standard length visa.

Five-year Green Visa

The newly introduced Green Visa allows talents, skilled professionals, freelancers, investors and entrepreneurs to reside in Dubai for up to five years without a sponsor or employer.

Skilled employees must have a minimum educational level of a bachelor’s degree, a salary of at least AED 15,000 and classify in the first, second or third occupational level.

Freelancers and self-employed individuals will need to obtain a permit, have an annual income of AED 360,000 and be able to prove their financial solvency throughout their stay.

Investors and partners will need approval from the local authorities and proof and approval of the investment. If you have more than one licence, the total invested capital will be calculated.

Dubai residency for retirees

Those looking to live out their retirement with a higher standard of living are in luck, as the UAE government offers residency to retirees. As of 2018, anyone living abroad or in the UAE who has hit retirement age may qualify for a retirement visa. This lasts for five years and can be renewed for another five. However, this option is only available for individuals aged 55 years and older who have one of the following:

  • An active income of at least AED 20,000 per month
  • Savings amounting to at least AED 1 million
  • Property in Dubai worth at least AED 2 million

Dubai residency for remote workers

Another great option for gaining Dubai residency is through the Virtual Working Program, a unique strategy launched in 2020 that enables eligible foreign professionals and business owners to work remotely from Dubai for one year. Providing individuals and startups meet specific eligibility criteria, they can bring eligible family members and access services, such as schooling, too. The qualifying criteria include:

  • Employees and company owners need to earn a minimum salary of USD 5,000 per month
  • Employees must have proof of employment with a contract valid for one year from a current employer and the previous month’s payslip
  • Employees and company owners must provide three months’ bank statements
  • Company owners must provide proof of company ownership for at least one year.

A remote work visa offers a wide range of benefits, not least access to Dubai’s services such as utilities, medical and schooling. Dubai is also a digital-first nation, with some of the highest levels of internet connectivity. Once approved, individuals with a remote working visa can sponsor relatives, too. Plus, the cost of a remote working visa in Dubai is relatively affordable at USD 287 per person.

Employment visa

The final option for obtaining residency in Dubai is through an employment visa. To qualify for this visa, which is also known as the ‘pink visa’, applicants must be sponsored by a locally licensed and incorporated entity. So, you’ll need to have proof of a contract or job offer from a company based in the UAE. If the company you’re working for does not have an established presence in the UAE, getting hold of an employment visa can be difficult.

Unless you are applying for the new Green Visa, your employer is responsible for applying for your work permit, as well as any costs incurred during the process. Costs vary depending on whether authorities consider you to be a skilled or unskilled worker. There are four categories, ranging from high school education to a bachelor’s degree. These types of visa are usually valid for one or two years, depending on the length of your employment contract.

Conclusion – is it worth getting residency in Dubai?

In short, yes, it is worth getting residency in Dubai. As a resident, you’ll enjoy a whole string of benefits that are unavailable to foreign nationals. As a legal Dubai resident, you can open a bank account, enter and leave the country as you please and obtain long-term leases. Business owners can enjoy tax benefits such as 100% foreign ownership, 0% income tax and 100% repatriation of profits. If you’re considering relocating with your family, you can also apply for visas for them. Moreover, many residency visas, such as the retiree visa and the Golden Visa, offer residency for more than three years.

But while it is possible to secure residency in Dubai and the wider UAE through several different routes, the process is not necessarily straightforward. You will need to ensure that you meet specific criteria and have the correct documents for the best chance of success. As one of the UAE’s largest and most trusted business setup advisory firms, Creative Zone can help ensure your application for Dubai residency is as smooth as possible and guide you through the process, every step of the way.

Interested in securing a Dubai residency visa? Get in touch with Creative Zone today to find out which option is best for you.

Healthy living is very much a part of Dubai’s culture and lifestyle. There are about 1,000 health clubs, fitness outlets, and exercise centres in the UAE currently, and they are estimated to grow up to about 1,500 within the next two years. A bulk of these health and fitness centres are based in Dubai.

Increasingly, many people are opting for flexibility and personalisation in their fitness journey, so if you are looking to set up your own health and fitness instructing and training business in Dubai, then getting started as a personal trainer is a popular route. Here is a complete guide on how to get a personal trainer license in Dubai, UAE.

7 Steps in Obtaining a Personal Trainer License in Dubai

Step 1: Choose your Business Activity

Decide on the business activity you are planning to undertake, and make sure everything is clear and compliant while applying for personal trainer license in Dubai.

Step 2: Choose a Business Structure

The next step is to choose the right business structure that will allow you to apply for a business license in a specific free zone to avail maximum benefits and support. For example, some specific free zones offer freelancer licenses that allow you to set up your own company and get full benefits of a normal business setup and visa eligibility.

Step 3: Choose & Register your Company Name

The UAE authorities are quite strict about company names, and so, it is important to be aware of the naming regulations. Firstly, you must ensure your chosen company name is still available for you to register. Therefore, you must avoid choosing any name that already belongs to a well-known organisation. You should also avoid business names that include any offensive or blasphemous language or any references to Allah or Islam. When naming your company after yourself, do not abbreviate your name. Once you have decided, register your company name with the UAE’s Registry Office.

Step 4: Get your Company Documents Notarized

Once your company name is approved by the Registry Office, you need to apply for notarization of your company’s documents, such as Memorandum of Association (MOA) and Articles of Association (AOA) with the Department of Economic Development (DED) in Dubai.

Step 5: Submit your Business License Application

Complete the business license application form and submit it along with the following documents:

  • Initial Business Plan
  • Proof of Identity and address of directors and shareholders
  • Passport copies of shareholders and directors
  • Copy of trade name confirmation
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)

While submitting your application, you will also make the licensing fee payment.

Step 6: Apply for your Personal Trainer License

Upon submitting your business license application, you should also apply for your personal trainer license with the UAE’s General Authority of Youth and Sports Welfare in Dubai. To do so, you will need to submit the completed application form, copy of passport and two passport-size colour photos of the applicant.

Step 7: Apply for your Personal Trainer Visa

Once you receive approval, the next step is to apply for a freelance visa for a personal trainer. You need to provide a few details and some basic  documentation, namely:

  • Completed visa application form
  • Copy of Passport of the proposed business owner
  • Two passport-size colour photos

The steps involved are the same from the application through passport stamping. The application process is also fast, and usually visa gets issued within a week. With your freelance personal trainer visa, you can also sponsor visas for your dependents, including spouse, children, or domestic staff.

Conclusion:

Setting up your own fitness facility can be complicated and time consuming. So, to avoid all the stress and hassle, consider partner with a local business setup company like Creative Zone. Our company formation experts will manage all aspects of your company registration and business licensing processes, and guide you at every step to start health and fitness instructing and personal training for clients. Please call us at 800 LICENCE (5423673) to get consult one our company formation experts today!

[gravityform id="4" title="false" description="false" ajax=true]