Singiri Auditing Dubai U.A.ESingiri Auditing Dubai U.A.ESingiri Auditing Dubai U.A.E

Golden Visa in UAE

Your Gateway to Long-Term Residency

The new visa rules in UAE introduced many changes to the country’s visa system. Among them was a reduction in the minimum salary requirement for a Golden Visa in UAE, going from AED 50,000 a month to AED 30,000. This opened a lot more doors for individuals interested in getting a long-term residency in the country.

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    What is UAE Golden Visa

    The visa was introduced in 2019 as a way to entice foreigners to invest in the country and become a part of its economic development. It was also a way to build UAE’s reputation as a leader in business, science, and technology.
    Over the years, the government has expanded the eligibility criteria, aiming to attract top talent across ages to the country. These are the key features of the Golden Visa UAE:

    5 or 10-year residency

    Renewable
    visa

    No limit on entries

    Sponsor domestic help

    Can sponsor family members

    Golden Visa Application Process

    All the applications for the Golden Visa in Dubai are submitted to the GDRFA (General Directorate for Residence and Foreigner Affairs). Our consultants can take you through the entire process:

    Cost of Golden Visa in UAE

    The Golden Visa costs around AED 7,400 to AED 13,000 in the UAE. However, certain factors like duration of the visa (5 or 10 years), type of visa category, audit requirements, medical requirements, document processing fees, and attestation fees can all affect the price. The visa processing time is generally 1-3 weeks.

    Who is Eligible For Golden Visa in UAE?

    The visa is available to individuals across various industries, with each category having its own Golden Visa requirements. Living in the country long-term can allow individuals to become active participants in the country’s progress and enjoy the opportunities for business growth and scientific advancement.
    There are three main ways to get the Golden Visa UAE: through an investment, by holding a senior management position, or by being an exemplary high school or university student. Our consultants are experts in handling Golden Visa applications and will guide you through the entire process, until the visa has been granted.

    Golden Visa For Company Investor

    If you’re a successful business owner or entrepreneur with a capital investment of at least AED 2 Million, you may be eligible for the visa. The Golden Visa requirements dictate that you must either own the business, be a business partner, or plan to establish a business in the country.

    Required Documents

    Processing Time

    It will take around 1-2 weeks to process your application for a Golden Visa through investment in a property. Make sure to check your email frequently to keep track of your application status.
     

    Golden Visa Cost For Company Investor

    Golden Visa Through Fixed Deposit

    Foreign investors interested in long-term residency in the UAE can apply for a Golden Visa by making a fixed deposit at a local bank in the country. The amount must be at least AED 2 Million, as that is the threshold to receive a nomination.
     

    Required Documents

    Processing Time

    2 weeks is the expected processing time for a fixed deposit Golden Visa application. You will be notified through email about whether your visa has been issued or rejected.
     

    Golden Visa Cost Through Fixed Deposit

    Golden Visa Through Fixed Deposit

    Foreign investors interested in long-term residency in the UAE can apply for a Golden Visa by making a fixed deposit at a local bank in the country. The amount must be at least AED 2 Million, as that is the threshold to receive a nomination.
     

    Required Documents

    Processing Time

    2 weeks is the expected processing time for a fixed deposit Golden Visa application. You will be notified through email about whether your visa has been issued or rejected.
     

    Golden Visa Cost For Property Investor

    Golden Visa Through Fixed Deposit

    Foreign investors interested in long-term residency in the UAE can apply for a Golden Visa by making a fixed deposit at a local bank in the country. The amount must be at least AED 2 Million, as that is the threshold to receive a nomination.
     

    Required Documents

    Processing Time

    2 weeks is the expected processing time for a fixed deposit Golden Visa application. You will be notified through email about whether your visa has been issued or rejected.
     

    Golden Visa Cost For Property Investor

    Golden Visa Through Fixed Deposit

    Foreign investors interested in long-term residency in the UAE can apply for a Golden Visa by making a fixed deposit at a local bank in the country. The amount must be at least AED 2 Million, as that is the threshold to receive a nomination.
     

    Required Documents

    Processing Time

    2 weeks is the expected processing time for a fixed deposit Golden Visa application. You will be notified through email about whether your visa has been issued or rejected.
     

    Golden Visa Cost Through Fixed Deposit

    Golden Visa Through Fixed Deposit

    Foreign investors interested in long-term residency in the UAE can apply for a Golden Visa by making a fixed deposit at a local bank in the country. The amount must be at least AED 2 Million, as that is the threshold to receive a nomination.
     

    Required Documents

    Processing Time

    2 weeks is the expected processing time for a fixed deposit Golden Visa application. You will be notified through email about whether your visa has been issued or rejected.
     

    Golden Visa Cost Through Fixed Deposit

    Let Singiri Auditing Help You Get a Golden Visa

    Thinking about taking the plunge and applying for a Golden Visa? We can help! Our consultants can help you through all the Golden Visa requirements, from requesting a nomination, preparing the paperwork, clearing the medical examination, and submitting your application. Our visa service is streamlined and cost-effective, and we tailored support to every client.

    Exclusive Packages

    Specially designed packages to simplify your Account Management

    BASIC PLAN

    AED 999 Month
    • Up To 10 Monthly Transactions
    • Get Free VAT & ESR Assessment
    • Updating Day To Day Transactions
    • Sales
    • Purchase
    • General
    • Monthly Accounting Reports
    • Sales
    • Accounts Receivable
    • Accounts Payable
    • Bank Reconciliation
    • Balance Sheet
    • Income Statement
    • -
    • -
    • -

    ADVANCED PLAN

    AED 2199 Month
    • Up To 150 Monthly Transactions
    • Get Free VAT Consultation & ESR Notification Guidance With Annual Accounting Plan Updating Day To Day Transactions
    • Sales
    • Purchase
    • General Monthly Accounting Reports
    • Sales
    • Accounts Receivable
    • Accounts Payable
    • Reconciliation
    • Balance Sheet
    • Income Statement
    • Cash Flow Statement
    • -
    • -
    • -

    PREMIUM PLAN

    AED 3599 Month
    • Up To 400 Monthly Transactions
    • Get Free VAT & ESR Assessment Updating Day To Day Transactions
    • Sales
    • Purchase
    • General Monthly Accounting Reports
    • Sales
    • Accounts Receivable
    • Accounts Payable
    • Reconciliation
    • Balance Sheet
    • Income Statement
    • Fixed Asset Register
    • Financial Analysis
    • -
    • -

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    What Our Valued Customers Say About Us

    We work closely
    with all Government Agencies

    We're always on the same page with Government Agencies, working together to get the job done!

    Have a question?
    Get in touch today

    To date we are providing Accounting Services for more than 250 clients across the UAE in Trading, Construction, Real estate, Healthcare, Logistics and other services.

     

    Accounting Services – Frequently Asked Questions

    FAQ’s
    Here are some common questions about Accounting Service.

    As an team of chartered accountants in Dubai, we take pride in keeping the financial transactions and records up–to–date and accurate, allowing key decision makers to rely on management reports that bring cost reduction, consolidated accounting processes, and improvement of efficiency and compliance; enabling stakeholders to focus on where it matters.

    Our Expertise

    •     Accounting and Bookkeeping Services
    •     Online Accounting/Onsite Accounting
    •     Backlog Accounting
    •     Accounting Documentation and Compliance
    •     Accounting System Set–Up and Training
    •     Budgeting and Forecasting
    •     Financial Statement Preparation
    •     Customized MIS Reports
    •     Vat Compliance and Return Filling
    • We think of our clients as our partners, we collaborate with them not as an external firm but as an extended team, adding value to their businesses.
    • We currently provide accounting support to more than 250 clients in trading, construction, real estate, healthcare, logistics, and other services.
    • Traditionally, it was common for business owners to hire bookkeeping professionals
    • To survive in today’s era of competitive markets and industries, a successful business needs to evolve its processes regularly and save or minimize costs and expenses while maintaining product quality. Now, you can outsource such an appalling task: accounts payable processing and focus on running the business. Our competent team of accountants is highly capable to provide accounts payable processing services periodically depending on your needs. Also, trust that the crucial data of your creditors are perfectly safe.
    • pers to work in-house but with modern technology, maintaining a local accountant is often unnecessary. For a business, outsourcing is a logical way to cut costs associated with maintaining personnel. This frees up time and money for business owners to focus on increasing their profit margins, rather than getting occupied with the details of managing people and paperwork. Furthermore, outsourcing removes many of the stresses associated with operating a small business – such as meeting tax, invoice, and billing deadlines. In a nutshell, outsourcing your accounting allows for a sense of freedom and flexibility that is not allotted by most traditionally managed businesses.
    •     Save staffing and payroll costs
    •     Access a pool of experts and resources
    •     More time to focus on your business
    •     Enjoy a stress-free tax season
    •     Take advantage of the latest technology
    •     Scale your books with your business
    •     Reduce the likelihood of errors
    •     Guaranteed privacy and confidentiality
    •  
    • Our Expertise:
    •     Chart of account review and set–up.
    •     Data entry, including daily transaction recording.
    • Frequency of visits will be determined based on the requirement. We can provide daily, weekly, monthly, and quarterly visits.
    •     Accounts payable and receivables processing.
    •     Bank Reconciliations
    •     VAT Compliant Procedures
    •     Generating MIS Reports
    • ●     You do not have to take this everyday challenge, so you can focus on where it matters. We will take the extra mile to understand your business, delivering tailor-made solutions if you are looking for bookkeeping firms in Dubai.
    • One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
    • How can we help?
    •     We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
    •     We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
    •     We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
    •     Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
    •     Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
    • One of the most important facets of an organization is how well the accounts and finance of the company are managed; your financial statements represent your financial performance throughout the year and predict future performance. Important decisions are made based on these financial statements including banks and financial institutions’ lent loans.
    •    How can we help?
    •    We design a financial system including drafting a system for accounting procedures and processes – recording of entries, documentation of all transactions, segregation of duties, and bookkeeping.
    •     We shall set up the accounting procedures and software to carry out all the financial activities appropriately.
    •     We shall take up the data entry task and update all your accounts regularly depending on the frequency of your transactions.
    •     Our team will supervise and check from time to time whether the process is being followed accurately. Inefficiencies will be rectified during this procedure.
    •     Finally we shall prepare your income statement, balance sheet, cash flow statement, and statement of equity. All your reports will be prepared quarterly and annually for regular analysis of your financial performance.
    • The solution is easy; opt for our Accounting Supervision Service. There are several means of committing and hiding a strategically planned fraud in an organization. Taking precautions is the best you can do to avoid incurring huge losses, or even bankruptcy, in the future. One could never know if one of your most trusted members could be cooking your books for personal gain. To avoid losing your life’s hard work and all the efforts you and your team have put into the business, our team will conduct a regular check of your entity. Since we are a third-party firm, no self-interest or self-review threats could cloud our judgment. You can fully trust us to ensure that the entries of your daily transactions, bookkeeping, and financial reporting are being performed honestly and truthfully.
    • Don’t despair; sign up for our Updating Backlog Accounts Service. Maintaining proper books of accounts is a real challenge for small & medium enterprises. If your business is registered under commercial company law in UAE, it is compulsory for you to maintain all your financial transaction records in the prescribed format. Our team will help you to prepare books of account from the date of incorporation of business till the current date; as you provide all the necessary supporting documents; consisting of all the original purchase and sales invoices, payment and receipt vouchers, bank statements from the start of business and record of all the checkbooks used during the period. Our team of experts will update all the records in your company’s accounting software. You will be provided with the following financial reports:
    •     Balance Sheet or Statement of Financial Position
    •     Statement of Cash Flow
    •     Details of the Company’s Accounts Receivable
    •     Details of the Company’s Accounts Payable
    •     Efficiency Reports
    •     Calculation of Variances and Output Analysis
    •     Calculation of Financial Ratios and Analysis
    •     Calculation of the Break-even Point for the Company

    We certainly can. The strongest pillar of your business is your employees; the best way to inspire their productivity is to ensure a healthy working environment that includes salaries being paid on time. Payroll management can become complex if not properly handled as it involves several perquisites and benefits instead of only wage calculation e.g. leave, vacation expense, insurance, medical benefits, etc. Focus where it matters; instead of wasting time researching salaries and wages laws and regulations, sign up with us for Payroll Services.