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UAE Launches New Visa Categories

The United Arab Emirates announced the launch of a new resident visa category called the Green Visa on Sunday. Green Visa holders can sponsor their sons' visas till their boys reach the age of 25. Sons are usually only sponsored until they reach the age of 18. Green visa holders can support their parents as well.

The new Green Visa will not be linked to work permits from firms, according to Dr Thani Al Zeyoudi, Minister of State for Foreign Trade. It would be targeted at highly talented persons, investors, entrepreneurs, top students and graduates. He also announced a new category of Visa for freelancers.

Green visa holders will be given a 90-180 day grace time to leave the country once their visas expire, rather than the current 30-day grace period. When asked about the difference between Golden visas and Green, the minister stated that they are all complimentary.

"It is a full package that includes UAE golden visas, green visas and tourist visas. Freelancer visa is part of green visas. There will be multiple categories for each pillar. Those specifics will be released soon".

Dr Al Zeyoudi said that some golden visa holders are unable to sponsor their parents. "It will be changed in the same way that the green Visa has been changed. The reform will be rolled out across the entire residency system".

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UAE to Grant Golden Visas to Humanitarian Pioneers

Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, has announced that pioneers of humanitarian work in the UAE would be awarded golden visas.

His Highness said, “Aid workers are ambassadors of the UAE and role models instilling pride in us all. Giving is embedded in the fabric of Emirati society and culture, and we aim to be the most vibrant humanitarian destination in the next fifty years.”

As an example of the UAE's efforts to lead humanitarian causes, His Highness pointed to the establishment of Dubai International Humanitarian City (IHC) in 2011. IHC, the world's largest humanitarian destination, is a non-profit, independent humanitarian free zone authority that hosts over 80 members, including UN organizations, non-profits and non-government organizations, and commercial companies.

The humanitarian work in the UAE has emerged in numerous initiatives since the start of the COVID-19 crisis. Over the past year, the country has organized emergency flights to evacuate the nationals of friendly countries from virus-affected areas and has housed them to ensure their treatment and return to their home countries. In addition, the country offered free treatment for serious cases through stem cells.

Humanitarian aid bridges arrived in more than 107 nations with critical medical and humanitarian aid despite the difficulties created by the circumstances. A fund was set up named "The Fund of the United Arab Emirates: Homeland of Humanity" to unify the national efforts to battle the virus and gave aid.

The country also played an important role in assisting the World Health Organization, WHO, to strengthen its strategic stockpile to combat COVID-19 and to support its efforts to continue the quick humanitarian response to countries in need. The organization operates from the International Humanitarian City in Dubai as its logistical headquarters, which is a major specialized worldwide logistics centre.

Read More: Eligibility for a UAE Golden Visa

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The UAE Provides Golden Visas to Outstanding High School Graduates.

The UAE government has announced that distinguished high school graduates and their families will be granted 10-year Golden Visas. The decision is made in appreciation of the efforts of outstanding students and their families and the UAE government’s direction to create an attractive and encouraging environment for talented individuals.

The authorities have set out the criteria for the golden visa.

All students at private and public schools are eligible to apply.

The applicant must have obtained a minimum of 95% in high school.

University students must have a cumulative Grade Point Average of at least 3.75 in scientific disciplines.

Students from abroad can also be eligible to apply for a 10-year golden visa.

Families of such students will also be eligible for visas.

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We always aim to deliver the best quality of services to our clients through our systematic procedure in our PRO services. Therefore, we allotted one team to handle and focus on all your requirements and ensure that they will be delivered on time. Consequently, you are assured that you will experience a faster PRO Service for your Visa Application and might as well in Attestation Services.

Read More About UAE Golden Visa

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Golden Visa for Coders

The National Program for Coders has announced that the Golden Visa application procedure for qualified candidates has begun. The goal is to train and attract 100,000 coders within five years, build 1,000 digital enterprises, and increase startup investment from Dh1.5 billion to Dh4 billion.

To attract the best-qualified coders and graduates specializing in coding, this project is open to both UAE citizens and non-residents. This announcement is in line with national efforts to establish 1,000 major digital organizations in the UAE over the next five years to develop the country's digital market and prepare the necessary infrastructure to produce innovation and creativity capable of keeping up with rapid worldwide changes across a wide range of critical industries. Coders of all countries and ages are eligible to apply for the UAE golden visa.

The following individuals are eligible to apply for the UAE golden visas.

Distinguished experts and talents who achieved success in a variety of coding fields

Those who work for pioneering international technological organizations

Graduates of hardware engineering, software engineering, computer sciences, information technology, data science, big data, artificial intelligence, and electrical engineering.

The National Program for Coders will develop partnerships with various public, private and academic entities and technology firms in the UAE and abroad, including Google, Facebook, Microsoft, IBM, LinkedIn, Huawei, Amazon Web Services (AWS), Nvidia, Cisco and others.

We are one of the leading audit firms in Dubai. In addition to accounting services, we also provide business setup, regulatory services, PRO services and business advisory services in Dubai, UAE.

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All UAE Doctors can Now Apply for Golden Visa

All resident doctors in the United Arab Emirates will be able to apply for “golden visas,” a 10-year permit that covers specialized fields such as science, innovation, and health care. Between July 2021 and September 2022, all doctors licensed by a UAE health regulatory agency can apply for the 10-year Golden Visa. Moreover, seven offices related to the Federal Authority for Identity and Citizenship (ICA) will be set up around the UAE for doctors who prefer to apply for the golden visa in person.

In May of last year, more than 200 doctors in Dubai were granted a 10-year golden visa for their efforts to protect the emirate from Covid-19. The long-term visa permits foreigners to work, live and study without requiring an Emirati sponsor. The golden visa will provide doctors and their families a 10-year residency, allowing them to settle in the country.

UAE Golden Visa

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What Is The Importance of Audit?

Auditing is very important and investing in the auditing service is consistently fruitful for the business. Auditing typically alludes to financial statement audits or a target examination and evaluation of an organization's financial statements – usually performed by an external third party. Experience of Auditor matters as well because with his/her innovative auditing services, he/she can assist you in finding the important account issues quickly which directly helps you in finding the weak point.

Auditors with knowledge, skills, and experience can improve business outcomes with good auditing services conforming to auditing standards. We all know the fact that trust-building is not a single-day job and reputation building is all relies upon the basis of work delivered to the clients.

Companies like AMCA, an audit firm in Dubai, provide comprehensive audit and assurance services and their professionals are not only serving clients in auditing financial statements of their companies or business entities but also assisting clients with various audit services such as operational, information technology, and investigative audits.

Benefits of Auditing

Help in Fraud Detection

Confidentiality

Provides Evidence

Helps in Obtaining Loan

Determine Profit or Loss

Better Planning and Budgeting

Identify Bad Accounting Practices

Accessing Tax Liabilities

Audit Firm in Dubai Accounting Firm in Dubai

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AMCA is a leading Auditing firm in UAE with a decade long experience. We are listed with mainland (LLC) authorities and all major free zones including DMCC, JAFZA, DAFZA, DWC, DIFC, DSO, Abu Dhabi, Sharjah, RAK, Fujairah, Ajman & Umm al-Quwain.

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How to Correct Errors in your VAT Return?

As humans, it is inherent for us to make mistakes – be it committing a small error or getting lost on how things should be done. The same thing might happen while preparing VAT returns. It is essential that the return being prepared is compliant with the relevant VAT laws and regulations. These laws and regulations are occasionally being misinterpreted or sometimes, small mathematical errors and omissions are being committed. 

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Accounting Services in UAE

Accounting is a process of recording, measuring, and communicating information about financial transactions. Normally, the word “accounting and bookkeeping” is used for accounting of financial transactions. Accounting refers to keeping record of financial transactions of a business and giving true and fair view of financial information. Financial information is the final output of accounting. Financial information in accounting includes balance sheet, profit and loss account and cash flow statements.

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