Posts

UAE Removes Upfront Payment Requirement for Property-Based Golden Visa

Image
  The United Arab Emirates has introduced a significant enhancement to its property-linked Golden Visa framework by removing the previously required upfront payment condition for real estate investors. The decision marks another progressive step in strengthening the country’s position as a global hub for long-term residency and foreign direct investment. Under the revised approach, eligibility for the property-based Golden Visa is now assessed based on the total value of the real estate asset rather than the proportion already paid. As long as the property meets the minimum valuation criteria established by authorities, investors may qualify regardless of whether the acquisition is financed through a mortgage, developer payment plan, or staggered instalments. The reform is being implemented under the supervision of the Federal Authority for Identity, Citizenship, Customs and Port Security in coordination with local land departments, including the Dubai Land Department . This adjus...
Post a Comment
Read more

UAE Standardises Visa Overstay Fines in 2026 with Uniform Daily Penalty

Image
  Dubai, UAE – 2026: The United Arab Emirates has introduced a significant update to its immigration compliance framework by standardizing visa overstay fines across all Emirates and visa categories. The reform, implemented by the Federal Authority for Identity, Citizenship, Customs & Ports Security (ICP), establishes a flat overstay fine of AED 50 per day for individuals who remain in the country beyond the validity of their visa. This replaces the previous system, under which penalties varied depending on visa type and issuing authority. Under the new regulation, the daily fine applies uniformly to tourist visas, visit visas, and residence permits. The penalty begins accruing from the first day following visa expiry and continues until the individual either exits the country or regularizes their immigration status. Authorities have clarified that payments can be made through official immigration portals, designated service centers, or at airport counters prior to departure, ...
Post a Comment
Read more

Company Amendments — Financial Services & Corporate Service Providers

Image
  Company Amendments refer to formal changes to a company’s legal, operational, or governance particulars that must be duly approved, documented, and filed with the relevant authorities. In regulated environments, amendments are material events that directly impact compliance posture, bankability, and audit readiness. Strategic Objectives Regulatory Alignment: Ensure all changes are promptly notified and approved Continuity of Operations: Avoid license suspensions, banking disruptions, or penalties Risk Mitigation: Maintain accurate disclosures across regulators, banks, and counterparties Governance Integrity: Preserve transparent ownership and control structures Common Types of Company Amendments 1. Shareholding & Ownership Changes Transfer or issuance of shares Change in Ultimate Beneficial Owner (UBO) Introduction or exit of shareholders Regulatory Impact: High Key Filings: Share transfer forms, updated registers, UBO filings, bank notificati...
Post a Comment
Read more

Licensing — Corporate and Regulatory Overview

Image
  1. Definition and Purpose Licensing is the formal authorization granted by a competent regulatory authority permitting an entity to conduct specific business activities within a defined jurisdiction. It establishes the legal standing of the business and sets the regulatory perimeter within which it must operate. From a governance standpoint, licensing is the foundational compliance requirement for lawful operations. 2. Strategic Objectives of Licensing Licensing frameworks are designed to: Regulate and monitor commercial activities Protect consumers, counterparties, and the financial system Enforce sector-specific standards and controls Enable regulatory oversight and accountability Prevent unauthorized or high-risk business conduct 3. Key Components of a Business License A standard license typically defines: Permitted activities (scope and limitations) Legal form of the entity (LLC, FZ entity, branch, etc.) Jurisdiction and address of operations S...
Post a Comment
Read more

Process Agent Services

Image
  Ensuring Legal Certainty and Cross-Border Compliance Overview At Devenir Corporate Services , our Process Agent Services are designed to support international businesses, investors, and structured entities by ensuring the effective receipt and management of legal and regulatory communications in jurisdictions where the client may not have a physical presence. A process agent acts as an officially appointed representative authorized to accept service of process, court notices, arbitration documents, and regulatory correspondence on behalf of the client, thereby safeguarding contractual enforceability and regulatory alignment. Strategic Importance of Process Agent Services In today’s cross-border commercial environment, the appointment of a process agent is often a contractual and regulatory requirement , particularly in transactions governed by foreign law. Devenir ensures that this requirement is addressed professionally, reliably, and in full compliance with agreed legal frame...
Post a Comment
Read more

UAE Introduces New Visa Categories and Easier Entry Rules in 2026

Image
  The UAE has announced a series of visa reforms effective in 2026 , reinforcing its position as a global hub for talent, investment, and innovation. These updates introduce new visa categories alongside simplified entry and residency rules, aimed at attracting skilled professionals, entrepreneurs, and strategic investors while improving overall mobility and administrative efficiency. Under the new framework, the UAE has expanded eligibility across specialized segments, including AI and technology professionals, creative and entertainment talent, event and project-based workers, maritime and tourism professionals , and other high-impact sectors aligned with national economic priorities. These targeted visa categories are designed to address evolving labor market demands and support long-term economic diversification. In parallel, the government has implemented easier entry rules , including enhanced visa-on-arrival options for select nationalities and residents holding valid vis...
Post a Comment
Read more

UAE Tightens Visa Renewal and Establishment Card Compliance

Image
  UAE Tightens Visa Renewal and Establishment Card Compliance The UAE has intensified enforcement measures related to visa renewals and establishment card compliance , reinforcing the importance of timely and accurate immigration and licensing procedures for businesses operating across the country. Authorities are closely monitoring renewal timelines for employee visas, establishment cards, and related labour records . Companies that fail to renew these documents within the prescribed deadlines may face administrative penalties, processing delays, suspension of government services, or restrictions on new visa issuance . The strengthened compliance environment reflects the UAE’s broader objective of enhancing regulatory efficiency and maintaining accurate workforce and corporate records across government systems. With most processes now integrated through digital platforms, inconsistencies in documentation, expired records, or incorrect submissions are being identified more quick...
Post a Comment
Read more