Work Permit Cancellation in UAE

Work Permit Cancellation in UAE

Long term employment needs a work permit in order to make one eligible and a lot of rules that has to be followed otherwise the chances of getting your work permit cancelled increases. In a free zone, the work permit is not required as compared to the worker working outside. In this article, we will discuss some main reasons why your work visa can be revoked or gets cancelled. The work permit is maintained by the MoHRE (Ministry of Human Resource and Emiratisation) once issued you can enter the UAE for work. MoHRE issues the work permit upon the request submitted by the specific company and the workers are allowed initially since the date of issue.    

Reasons why your visit visa is revoked?

According to MoHRE work permit is a document issued on the request made by the employer and it also makes sure that he is only sponsored by a single company and he is working for it. However, both employer and employee should be well aware of the reasons due to which the work permit can be revoked

·         Violation of any conditions imposed during the issuance of work visa.

·         If a worker remains unemployed for a period of 3 consecutive months.

·         If UAE citizen is replaced by the expact.

Types of Work Permit

The cost to get a work permit is ranged between 200-5000 AED depending upon the category of the company. The classification of companies is based on the skill level of employees. The different types of work permit are mentioned below

·         Regular work permit

·         There is also a temporary work permit for part-time jobs.

·         Special work permits which are for skilled workers with multiple part-time jobs.

·         Teenagers can also apply for work between the age of 15-18 sponsored by your parents.

Moving your parents to UAE

Moving your parents to UAE

Are you planning to live with your parents in UAE? Here is what you need to do.

Basic Criteria

The persons having a valid UAE resident visa with a minimum salary of 19,000 AED with accommodation and a minimum salary of 20.000 AED without accommodation can obtain a 1-year renewable resident visa for his/her parents. You can also reach the Humanitarian Desk at DNRD if your salary is below as mentioned earlier by dealing the cases on a humanitarian basis.

According to rules the visa should be sponsored for your father and mother in case there is no available for them to take care of them in your native country. In the case, your mother or father is divorced or any of them is deceased then you should provide valid proof before visiting the DNRD in order to obtain the visit visa for them. You will also need to purchase an insurance policy of 600 AED for both of them for each year.

Documents Requirements

The following documents are required

·         Application form.

·         Original Passport of a sponsor.

·         Parent’s passport copy and one photo.

·         Relationship proof is required from the respective embassy.

·         A copy of a job contract and latest salary certificated duly signed by the employer.

A new requirement is imposed i.e. the submission of DEWA bill with your tenancy contract showing that sufficient space is present in your house. Your tenancy contract should be stamped by the Land Department certifying the presence of at least 2 bedrooms is present in case of sponsorship of a visa for your parents. If the 2 bedroom requirement is not fulfilled then you should need to submit the affidavit provided by your landlord.

 Procedure

A detailed stepwise procedure is mentioned below;

1.    Take all of your documents to General Directorate of Residency and Foreign Affairs and submit along with the appeal for the issuance of a visa on a humanitarian basis for your parents. The final decision made by the approval committed will be disclosed within 2 weeks.

2.    If your application is accepted proceed to a registered typist in order to complete your application.

3.    Go to the DNRD residency section and hand over the documents.

4.    If your visa is finalized then the visa will be sent to you by post within 48 hours. But in case of urgent visa, it will be issued in just a few minutes.

Applied Fees

·         Security money of 2000 AED is applied which is given back in case of the death of a parent or the visa is cancelled.

·         Normal application with a fee of 110 AED plus the fee of the typist. In case of urgent application, an additional fee of 100 AED will be applied also.

·         Once your parents arrive you can convert your entry visa to residence visa within 60 days of first entry.

Documents required obtaining a residence visa

In order to convert the entry visa into residence visa following documents are required.

·         Application form.

·         Original passport of a sponsor and parents.

·         Original Entry visa.

·         Health insurance policy for parents.

·         Cash deposit slip.

·         Original salary certificate or job contract of sponsor.

Fees

·         A fee of 110 AED is applied in form of residency charges for each year.

·         100 AED for urgent applications.

·         10 AED as postal charges.

 Procedure

A detailed stepwise procedure is mentioned below;

1.    Obtain a medical card upon the completion of health checkup.

2.    Visit the General Directorate of Residency and Foreign affairs.

3.    A typist will complete your form after paying a fee.

4.    Go to the residency department and hand over the documents.

5.    The passports with valid resident visa will be sent to you via post.

Planning to Buy a

 New Car in UAE

Buying a new car often comes with a lot of questions in mind. One always gets confused either to buy a new one or go ahead the with pre-owned car. Making the right choice can be much more stressful. What should be the colour of the car? Who is the best dealer? Which car has more resale value? What is the market trend? And a lot more question that always jumps in. Well in this article we will provide you step by step guide that will help to overcome all the concerns related to a new car and help you to choose the best one out in the market.

Particular Car Colours Have Higher Resale

Yes, it is true the car having particular colour have higher resale value and depending upon the popularity the cars with trendy colours sell more quickly as compared to the rest. Although people think cars with unusual colours are more unique and therefore easier to sell but in reality, it is the other way around. So if you want a higher resale value of your car in future go for the trendy colours and you will find yourself with a wider pool of buyers when you try to sell it.

Deals and Discounts

 You can save extra money by availing different discounts and sales offered by different companies during a specific period in a year. These sales and discounts are also advertised on the billboard across the UAE. These mega-discounts and sales always come on the occasion of Eid or in the Holy month of Ramadan or at the end of the year. These sales are the best options if you are planning to save or short on your budget.

Always Negotiate

Remember, if you are planning to buy a used car do not take the first offer given by a salesman, they always welcome a negotiation. This will help you around to save some money and try to take extra options in the same amount in which car is offered like tinted windows, wheel cups, mats etc.      

Auto Financing

The rules for auto financing are decided by UAE’s Central Bank, so in the case of down payment and the maximum tenure of financing is 5 years rule which is the same for all banks. But this does not mean that the auto financing is also provided by all. In case the auto financing is offered the eligibility criteria, instalment plant and pricing varies accordingly. Moreover, there are some extra benefits like auto insurance, free account and a credit card that come along with the auto financing options.

A Car with Full Options

A full option car comes with leather seating, in-car entertainment system a DVD player or xenon lights and much more is worth considering when you buy it. A full option car has a higher resale value as compared to cars that coming basic options.  

Depreciation

As soon as you drive your new car out of the showroom, the car value starts to depreciate and most of the depreciation happens in the first year. If you plan to sell your car after 2 years, then it is better to consider buying used cars. But if your car is more important rather than its value then you should go ahead with the new one.

Technical Inspection

Never miss to elaborately examine the car and check for possible malfunctions e.g. lights, abs, airbags, engine, drive, ac, suspension etc. Once you are done with the visual examination take it out for the test drive and push it to the limits so you should be aware of the issues it might have any. Mostly the car dealers have the pre-inspection reports with them but it’s worth it to examine according to yourself.  

Buy a Property in Dubai as a Foreigner

In 2002 the regulation was approved for the foreigners so that they can buy a property in Dubai. Ever since the real-estate business is growing rapidly. The government introduced the free threshold zones where the foreigners can purchase the property irrespective of the work visa is issued or not. Freehold area is designated areas by the Ruler of Emirates where you can also buy the leasehold ranging from 30-99 years.

Timeframe

After the “Agreement of Sale” is signed, duration of 30 days is required to complete the property transaction.

Stepwise Procedure

The procedure is simple and detailed stepwise process is mentioned below

1.    The agreed terms and conditions between the seller and the buyer.

2.    A dully signed MOU (Memorandum of Understanding) with initial deposit i.e. 10% already paid.

3.    Both parties should be present at developer’s office in order to apply for “No Objection Certificate” to sale the property.

4.    NOC will be issued once all the dues outstanding are paid fully to the developer.

5.    Both buyer and seller can proceed to Dubai Land Authority to transfer the property.

6.    Once the entire price paid to the seller in the form of the cheque the new ownership will be issued by Dubai Land Department.

7.    In case the buyer is purchasing with a mortgage the involvement of bank is compulsory. While on the other hand if the seller has the mortgage the seller should settle the mortgage in full prior applying for the NOC.

Required Documents

Original Passport is required in order to purchase the new property.

Fees

The following fees will apply in case of sale or purchase of property

1.    The fee for the issuance of NOC which is usually between 500-5000 AED, which has to be paid to the developer by the seller. Some developers also impose the fees to buyers as well which will be refunded later once the new ownership is presented to the developer in order to update the land record.

2.    A commission of 2% is applied by the Real Estate Agent.

3.    A sum of 4% of the transfer fee is applied to the purchase price plus the admin fees which can go up to 5000 AED paid fully to the Dubai Land Department.

4.    The fee for the mortgage at the rate of 0.25% is applied to the registered loan amount payable to Dubai Land Department.

5.    The annual service charges to be paid in full to developers.

You’re Guide to Credit Card

To find the best credit card out of 200 offered in the market it is not an easy task to do. If you choose a credit card and by the end of the month it is piled up with heavy bills which can become really stressful. We will discuss some useful tips in this article which will really help you out to choose the best credit card out in the market.

How often do you use a credit card?

Before you even buy a card, you should have a rough estimate on how often you will use your card? Will you spend it on daily basis? Or you will spend on the purchase of air ticket? Or you will use it for purchasing the groceries? Or paying your utility bills? This will give you a rough idea on either do you even need a credit card or not?  What should be limit of the card based on your daily usage?

Fees

Almost all the banks can give you a credit card free of cost but whenever you receive a promotional call for a credit card do mind asking them about the annual charges which can cost you up to 2000 AED. On the other hand, when you buy a credit card by paying a fee it does comes with certain benefits one is always looking for. For example, if you purchase an airline ticket you will be rewarded the lounge facility free of cost or on the purchase of groceries, you will be awarded the points that you might spend to avail discounts or on the purchase of additional items in groceries or you can avail promotional discounts and much more.

Interest Rates

By seeing a single digit interest rate might make you happy until you understand they are applied on monthly basis and can go up to 48%. But the Islamic Banks offering Sharia-compliant credit cards and interest-free credits cards worth considering.

Reward Program

Air miles, bonuses, cash back, rewards and other loyalty program are worth considering. In order to enjoy the reward program, you should know how often you will use a credit card? The loyalty program sometimes comes with certain terms and conditions e.g. limited retailers discount and minimum amount spent etc. Some of the banks also offer the welcome rewards that you can avail by calling the designated bank helpline.

One plus Three

Most banks offer complimentary cards along with the main card e.g. they offer separate card for online shopping etc. Now it entirely depends upon you whether to get tempted by certain offers or not. But once again we advise to sticking to the reason on the first place why you need a credit card? And always prefer to buy a single credit card instead of carrying three along with you.

International Use

Are you planning to use your card on international journey or shopping? Even before buying inquire regarding the international usage rates. Mostly it is charged at the rate of 2% to 3% on the total amount spent on each transaction made.

Credit Shield

It is worth considering activating the credit shield at a negligible amount. In case of unfortunate events i.e. death, unemployment or injury and you fail to repay the outstanding amount.  Basically, it is an insurance policy for an outstanding amount on your credit card.

Instalment Plans

Most banks provide the convenience for its customers to purchase certain products on monthly instalments ranging from three months and onwards.

Terms and Conditions

We always ignore the terms and condition without even reading it.   Take your time and always read the terms and conditions before the purchase of your new card.

Eligibility for a Personal Loan in Dubai

A personal loan is the most convenient way for a salaried person to get bank finance to meet their financing need. Getting a personal loan is easy if you have all the required documents with you to meet the eligibility criteria of a designated bank. Apart from having all the documents with you, the personal loan request might get rejected due to poor Al-Etihad Credit Bureau Score (AECB) which plays a critical role. Most banks reject the loan application if your employment history is less than six months. There are several factors to calculate the eligibility for a loan without the consultation of bank these factors include:

·         Your Credit Score

·         Your Employment History

·         Debt Burden Ratio

What is Debt Burden Ratio?

DBR is the key element in order to determine the eligibility for a personal loan. In simple words, it is Debt to Burden ration, your income versus your liabilities. Your DBR score should not exceed more than 50 as it is made compulsory by the Central Bank Regulation. While calculating DBR scores should include all previous loans, credit card details, auto loan, existing loans or any instalment product you may have.

Your Credit Score

Your credit score can be obtained from Al-Etihad Credit Bureau by paying the fee of 100 AED. Credit score determines the risk of getting defaulter and it is based is usually between the ranges of 300-900. For instance, if you have a credit score below 300 then you are more likely to be rejected for a personal loan.

Employment History

The applicant should have an employment history of at least 6 months in the current organization. In most cases, the application is rejected by the bank if you have an employment history of fewer than six months. But there are few banks who can accept your personal loan application irrespective of your employment history.  

Once you are cleared with all the factors mentioned above, there is a checklist of basic documents required in order to process your personal loan as mentioned below

1.    Latest salary slip including all allowances, bonuses etc.

2.    A basic requirement of six months service history as demanded by most banks.

3.    The minimum salary requirement by the bank. The minimum limit varies according to the bank.

4.    A service letter from your employer clearly mentioning the enrollment date, your salary, designation and end of service benefits from the employer.

5.    National ID or a passport in case of a foreigner.

6.    Duly filled application form of the designated bank and it should be complete in all respects.

Natural Tourists Attractions in Dubai

Natural Tourists Attractions in Dubai

Now it is the time to look away from the stunning skyline of Dubai for a moment, you will find great natural wonders present to be explored. A massive amount of visitors comes each year attracted by the magnetic opulence. The city of Dubai is not only a home of massive concrete structure but stunning natural landscapes, wildlife and desert as well. Make your own way through craggy mountains of Hatta or take yourself in Hajar mountains for most rugged adventures. In this article, we will discuss the unexplored side of the city filled with nature’s gifts.

Wadi Ghalilah

Did you ever wonder about climbing the stairway to heaven? Actually, you can go ahead and explore the Wah Ghalilah located in Ras Al Khaimah a great place for adventure seekers. The presence of mountain trails links it with the village in Oman going up to 1,500 meters high by becoming a grand invitation for mountain climbers. The winding cliffs, narrow paths and steep rocks will make your adventure more challenging.

Al Qudra Lakes

Jump into a desert oasis by a quick drive of 30 minutes and you will be amazed by the impressive landscape. A series of lakes present across the Al Qudra makes it an ideal spot for a picnic with a cycling track and enjoy the beautiful sunset with waterfronts. The wildlife can be spotted in its natural habitat consisting of foxes, around 170 different bird species including flamingos, swans, ducks, geese and much more that always comes around to beautify the iconic scenes of Al Qudra lakes. The presence of a five-star hotel Bab Al Shams provides you with the ultimate Arabian style cuisine present inside the fort.

Hatta

Dive into an ultimate experience of majestic deserts giving a way to lush mountains as you enter Hatta. To the south of Hatta, a Hatta dam is presently giving you sensational feeling to escapes from the desert heat. A true place to enjoy a number of adventure activities including biking, camping, hiking and surely you do not want to miss a chance of water sports.  

Ras Al Khor

Just a few meters away from the bustling city of Dubai Ras Al Khor wildlife sanctuary can be found in the wetlands leaves you astonishing with a view of almost 10,000 different bird species can be spotted easily. The wildlife sanctuary also serves as a breeding ground for flamingos, fishes, crustaceans, mammal species and surely the dance show of flamingos won’t go unnoticed.

It is also known as “Cape of Creek” Ras Al Khor is monitored by Dubai Municipal Authority protected by fenced area. The sanctuary covers the area of around six kilometres with a variety of features like mangroves, the lagoon for their nests and intertidal mudflats.

   

Ways to Prevent Cyber Attacks on Public Wi-Fi in UAE

Ways to Prevent Cyber Attacks on Public Wi-Fi in UAE

You might find yourself lucky living in the era of IT and it seems fun to use public wifi service by avoiding heavy internet bills but they can put your private information at risk. The free public wifi service is available almost everywhere in UAE like hotels, beaches, restaurants airport etc. But you should also be aware of the dark side of wifi service. Over the public wifi network, your privacy remains vulnerable because your device becomes visible to everyone who is connected to the same network. Now, here the question arises is that what type of personal data becomes vulnerable by using the public wifi, Well, the answer is your every information becomes at risk like your photos, contact details, emails even your credit card details. Telecommunication Regulatory Authority always advises the residents to use the public wifi service with caution. You might feel delighted by using the free wifi service after a hectic day, or after the heavy workout but it's not safe.

Tips to Prevent Possible Cyber Attack:

Let’s discuss some ways how you can avoid possible cyber-attacks and make your personal information safe over the public wifi.

1.    Never leave your file with sharing on. Hackers can easily access your personal data whenever you turn your file sharing on over the public wifi.

2.    If you really need to use your credit card for shopping or for any other purpose make sure the site is secured. Always check for the green lock symbol which will be visible in the URL bar.

3.    Avoid clicking the links shared with you via facebook, twitter or any other website which may contain malicious content.

4.    Always make sure you log out after finish using it.

5.    Never allow your personal device to auto connect to a public wifi network.

6.    Never use the connection that is insecure or you receive the certificate error do not proceed further and leave the page immediately.

7.    Never leave your Bluetooth or wifi open.

8.    Always make sure the webpage is using the HTTP protocol for connection.

9.    Always make sure that firewall of your device is active.

10.    While signing in make sure to use 2-factor authentication is enabled to prevent any loss of financial or private information.

11.    Try not to perform the financial transaction over the public wifi.

A possible type of Cyber Attacks over Public Wifi Connectivity

One should be aware of possible ways of cyber-attacks. There are different types of cyber-attacks discussed below;

•       Attack during the Data Exchange

When you access the internet your link between the device and host server is established. When the communication bridge is established the hackers might get in between the connection to steal your private information.

•       Encrypted Connection Via Router

The encrypted connection is always established between your device and the internet. But in the public wifi devices might not use the encryption process which again makes your device unprotected.

•       Through the Malware

Your device can become a victim of privacy attacks through the malware which is sent to your device over the public wifi connection.

•       Sniffing Method

The professional hackers use sniffing tools to access your device and access your information in real time that might include the login credential’s, your browsing history, your financial information and they can also steal your private data like pictures, documents etc.

•       Rogue Access Points

A network of a malicious hotspot is set for use by the public. Whenever you connect to a malicious hotspot you might end up in stolen private information.

Digital Security is important and it should be our main concern while connecting to public wifi and everyone should understand the risk of getting connected to public wifi network before getting a victim of stolen private information. The tips we discussed are simple and easy to keep you safe while connecting to a public wifi network. 

Startup Your Business in UAE

Startup Your Business in UAE

You might be thinking about starting your business in UAE. In this article, we will discuss the basic knowledge that you should know before starting up your business in UAE.

Why should you start up a business? 

There are numerous advantages of setting up a business in UAE some of them are mentioned below:

•    You can start a business in any part of UAE.

•    The Unlimited number of visas.

•    You will be eligible for more business license in various other sectors.

•    You will be exempted from business or personal taxes.

                                            

Government Entities

First of all, you have to contact the Department of Economic Development of the respective state to obtain the approval or to register your company name. This can be done by visiting the office or through the E-services option available. Once permission granted then you can proceed with additional approvals depending upon different business types.

You can contact the Department of Economic Development present in different cities as mentioned below:

•    Abu Dhabi

•    Dubai

•    Sharjah

•    Ras Al Khaimah

•    Ajman

In Fujairah, the activities are handled by Fujairah Municipal Authority.

In unique cases, for example, setting up a PrJSC (Private Joint Stock Company), approval by the Ministry of Economy is required first.

Where to start?

If you intend to start a new business then you need to follow these steps as in order;

1.    Cost of setting up a business

Setting up a new business includes raising capital, paying for licenses and work visas. The cost to start up new business depends upon

•    The nature of license required for specific business type i.e. industrial, commercial or service provider.

•    The legal structure of the company; either it is a company, an establishment or the part of a company.

2.    Capital required for a Business

The capital required to set up the business varies depending upon its legal form for example to start a PJSC, at least 30 million AED is required and the minimum amount to be paid in full is 5 million  AED.

The minimum capital for other types is not specified by the UAE Commercial Companies Law, while the below-mentioned conditions should be fulfilled in any case:

•    Memorandum of Association should state the minimum capital

•    You should have the minimum capital to achieve the business purpose

3.    Nationality of Partner

The partner’s nationality is important in order to determine the type of business that you can set up. Only a UAE national can set up the following type of business

•   Joint Liability Company but in case of a foreigner, you must hold the business     partnership with the UAE national  

•    Basic commandite organizations

•    A sole proprietorship of Industrial or Commercial type

•    Home base business

•    SME business in Dubai

While the foreign nationals except for GCC countries can set up other types of business. However, UAE national should be involved in the following conditions.

•    UAE National partner having ownership of at least 51% of a business

•    In case of LSA (Local Service Agent) with investor holding 100% ownership of a business

4.    Types of Company that require a UAE national

•    Limited Liability Company

•    PJSC having a minimum of five founders who are UAE Nationals own 30%-     70% of the company shareholders

•    Civil Engineering Company with active operations

5.     A Company that requires LSA

•    A professional company with a sole establishment

•    Civil Engineering with no operations

•    Foreign Company’s Branch

Setting up Your Business in a Free zone

There are a few contrasts between inland and a free zone. The primary contrast lies in the idea of proprietorship, the contribution of UAE nationals as partners or agents, the nature of trade or economic benefits.

In the event that you don't wish to get yourself involved in a partnership with a UAE national or you don't know any UAE National, you can set up a business in a free zone. In the free zone, you are the 100% shareholder of your business.

The Concept of a Free Zone     

According to the Dubai Multi Commodities Center, a free zone is an assigned land territory where no restrictions or taxes are applied to business, trade or employment in contrast to inland business.

In a free zone, the goods can be imported, exported, handled and manufactured without indulging the customs authorities. But once the goods are transported inside the country from the free zone then, in this case, the customs taxes will be applied.

A free zone type includes seaports, national and international airport, border areas etc.

What are the Advantages of setting up a Business in a free zone?

Some of the advantages of setting up a business in the free zone are mentioned below:

•    100% tax emption on imports and exports

•    You can easily send and receive capital and profit with additional benefits

•    0% corporate duty

•    0% income tax

•    0% tax on imports and exports

•    Simple licensing and start-up procedures