Cratus Business Services UK LTD Offering Business Support In UAE
‘Local sponsor’ or ‘Local Service Agent’ is one of our business support services which is commonly used in the UAE and refers to local service agents and nominee shareholders (also known as sleeping partners) in mainland companies with foreign investment. A sponsor must be an Emirati (UAE national) with a family membership card (Jinsia). Operating a business in the Dubai Mainland area requires a local sponsor which is a mandatory appointment.
A UAE residency Visa is mandatory for foreign nationals to legally live or work in Dubai and other emirates.
For many working expats, the company that employs them will provide sponsorship for a UAE residence visa. Alternatively, you can set up your own company in any of the emirates of UAE (free zone or a Local LLC company) and get the residency visa based on being the owner of that company.
Additionally, a residence visa is also compulsory in order to allow you to obtain a driving licence, register a car, apply for a PO Box, buy a property or open a bank account in the UAE.
We at Cratus Business Service UK LTD through Cratus Consulting are one of the leading companies in offering PRO and is certainly a speciality and a key selling point.
VAT Registration In UAE
VAT Registration is mandatory for organisations and individuals conducting business support in UAE, and for any business or individual with an annual turnover of more than AED 375,000/-. The UAE introduced VAT on 1st January 2018. All organisations and individuals coming under above threshold limit (subject to the provisions of the relevant law) must register for VAT.
Registration for VAT in the UAE is an online process which is at your fingertips in the Federal Tax Authority’s online portal. Before proceeding for VAT registration applicants should consider various aspects such as whether to register in a voluntary or mandatory capacity, and whether to register as a Tax Group or a Standalone etc. Please call us for further information.
We offer hassle-free Authority Approvals through our team that are well versed with the procedures of all Government and Semi Government Approving Authorities.
Cratus Business Services UK LTD has the expertise to handle applications and the procedures linked to Dubai Approvals across all authorities in Dubai including but not limited to the following:
• Dubai Authority
• Dubai Municipality
• TECOM and DCCA (Dubai Creative Clusters Authority)
• Civil Defence
• DSO (Dubai Silicon Oasis)
Please call us should you need any additional information as we welcome all enquiries.
Dubai is one of the most popular and certainly one of the hottest property markets in the region. Dubai’s property market is on a path of sustainable growth and with continued economic stimulus certainly an extremely secure and stable location. Statistics show a trend for steady growth and an increase in the number of new investors in Dubai’s property market.
Over AED19 billion ($5bn) of new investment has been made in this sector and this reflects strong and sustained confidence in the UAE market. A study on the cost of residential real estate versus the GDP per capita in key city hubs globally revealed that Dubai offers a very attractive value proposition for investors.
Opening A Bank Account In The UAE
The UAE offers an excellent banking system, famous for its economic stability and high level of customer service across the globe. Local banks have worked hard to achieve and enjoy an unblemished reputation.
This spotless record is undoubtedly one of the reasons successful foreign investors and entrepreneurs seek out business support in the UAE and go on to open a bank account. Today the UAE’s extensive banking sector comprises local and international organizations most domestic businessmen have probably never heard of.
Therefore, you should entrust this task to the experts here at Cratus Business Services Ltd. Our company provides a full range of services relating to opening, operation and maintaining a bank account in the UAE. Specialists with long-standing experience in this field will provide a range of options to allow you to secure a bank account that best meets your needs allowing you to focus on other matters.