"I'm a Funding Strategist and Legal Expert specializing in project funding across the UAE and Saudi Arabia. As the Founder of Bucks Capital & FinMaag, I help clients secure international capital via Venture Capital, Debt Finance, and Real Estate. My legal background (Calicut Law College Alumnus) ensures every deal is robust and legally sound."
Monday, December 29, 2008
UAE- Mission Visa - 90 to 180 days
"Mohandas Kattungal, BA LLB As a Funding Strategist and Legal Expert, I specialize in navigating the complex landscapes of project funding across the UAE and Saudi Arabia. I am the Founder of Bucks Capital & FinMaag, where I advise clients on securing international capital through Venture Capital, Debt Finance, and Real Estate mechanisms. My background as a Calicut Law College Alumnus ensures a robust, legally sound approach to every deal.
Sunday, November 23, 2008
Residency Visas - 3 years
- If you are sponsoring family members, cost is 300 dhs for each visa, valid for 3 years but it expires if the person is out of the UAE for a period more than 6 months.
- It is possible to sponsor parents but a special request needs to be made. If successful, a deposit of 5,000 dhs (refundable) for each parent is required, visa validity is one year (renewable) and cost is 100 dhs per year.
"Mohandas Kattungal, BA LLB As a Funding Strategist and Legal Expert, I specialize in navigating the complex landscapes of project funding across the UAE and Saudi Arabia. I am the Founder of Bucks Capital & FinMaag, where I advise clients on securing international capital through Venture Capital, Debt Finance, and Real Estate mechanisms. My background as a Calicut Law College Alumnus ensures a robust, legally sound approach to every deal.
Thursday, August 21, 2008
How to avoid Labour Ban In Dubai
I would like to say that if the questioner resigns from their current company then he will be subject to either a six-month ban in case of an ordinary cancellation which does not include any violation of the labour law, or a one-year ban if he has breached his labour contract.
Therefore, I advise the questioner to seek an amicable agreement with his employer in order to be granted a no-objection certificate (NOC) to transfer his visa. His employer might accept this if the employee, for instance, compensates him for all expenses incurred in issuing his visa and other expenses.
"Mohandas Kattungal, BA LLB As a Funding Strategist and Legal Expert, I specialize in navigating the complex landscapes of project funding across the UAE and Saudi Arabia. I am the Founder of Bucks Capital & FinMaag, where I advise clients on securing international capital through Venture Capital, Debt Finance, and Real Estate mechanisms. My background as a Calicut Law College Alumnus ensures a robust, legally sound approach to every deal.
Lifting Labour Ban in Dubai
The Ministry of Labour has amended the labourers' Visa Transfer Law, which, I believe, are in favour of both - the labourers and the labour market.
The ministry has ceased the previous condition that obligates the labourer to complete one year continuous service for his/her employer before being permitted to transfer his/her visa to another employer. According to the new rule, the Ministry of Labour no longer requires such a condition. So, any labourer who has not completed a year's service for his/her employer may transfer to another employer after obtaining a No Objection Certificate (NOC) from the employer to transfer the visa to another employer, provided that the newly imposed fees should be settled.
Such fees are called "the one year non-completion fees" which is calculated at the rate of Dh500 per month. For instance, if the employee continues a period of two months service only then he/she would be obliged to pay a fee of Dh5,000 for 10 months.
Now any labourer, who completes a period of three years service and who could not obtain an NOC, can resign and can approach the Ministry of Labour and the ministry - as per his demand - will cancel the visa and apply a six-month ban. With the new rules and upon completion of three years' service, this ban can be lifted and the employee can transfer to another employer without the need to obtain such NOC from the previous employer, provided that the newly imposed fees should be settled in addition to the visa transfer fees. Such new fees are called 'ban lifting fees'.
Worth saying is that this new law is not applicable in Abu Dhabi but might be in the future. Therefore, the reader as per the new law will not have any problem as long as the company has promised to grant him a n NOC to transfer his visa.
"Mohandas Kattungal, BA LLB As a Funding Strategist and Legal Expert, I specialize in navigating the complex landscapes of project funding across the UAE and Saudi Arabia. I am the Founder of Bucks Capital & FinMaag, where I advise clients on securing international capital through Venture Capital, Debt Finance, and Real Estate mechanisms. My background as a Calicut Law College Alumnus ensures a robust, legally sound approach to every deal.
Monday, August 11, 2008
Residence visa renewal linked to tenancy contract in Sharjah
According to the new regulations, those applying for residency visas for their families should produce a copy of their tenancy contract.
The contract, which is considered proof of one's eligibility to afford a family, must be attested by the Sharjah Municipality.
Residents said they will have to send their families back home as it is no longer affordable to rent a one-bedroom or two-bedroom apartment in Sharjah.
Many said since the rents started skyrocketing in Sharjah in the last two years by more than 30 to 50 per cent, people have opted for shared accommodation. Under the new rule they will not be able to renew their residency permits without having tenancy contracts in their names.
Lieutenant Colonel Salim Ali Mazaini, head of the visa section at the Sharjah Naturalisation and Residency Department, told Gulf News that the rule has been introduced to ensure that only those who are financially capable of providing decent accommodation can bring their families to the emirate.
"We are not insisting that the tenancy contract should be in the applicant's name. The contract can be in the name of his close relatives also, such as a brother or sister," said Mazaini.
He added that it is acceptable to share living space with one's own family members, but not with friends.
According to him, the rule is not applicable to professionals like doctors, engineers and people in managerial positions because they earn enough money to sponsor their families.
"We are being very flexible and taking each application on a case by case basis. For example, if a family does not have children, a studio flat in their name is more than enough to get a family residence permit. Or if a family with one or two children can show that they are sharing a three-bedroom apartment with a close relative, it will also get them the residency status," Mazaini said.
However, some residents said their applications have been rejected even after they produced tenancy contracts of their relatives.
Hussain, a Sharjah resident who refused to give his second name, said his application to sponsor his family was rejected because he could not produce a tenancy contract.
"Now with this new rule, I doubt whether I can bring my wife and child to the UAE," said Hussain who works as an administrative assistant.
Another resident, Riyas Mohammad from Pakistan, said he has shelved his plan to bring his family because of the new regulations.
New categories: Renewal for one year only
The Sharjah Naturalisation and Residency department has also issued a list of 60 categories of low income groups including hairdressers, butchers, shop assistants, chefs, clerks and others for whom residency permits will be renewed only for a period of one year. These categories must also get prior approval before their applications are typed.
The typing centres have been instructed that the categories listed below need prior approval before applications are typed.
Beauty therapist
Spice/pulse grinder
Watchman
Dining-room servant
Fishmonger
Fisherman
Calligrapher
Digger
Porter
Office boy
Pipe fitter
Cobbler
Sailor
Pipe filer
Grocer
Tyre repairer
Shoemaker
Manicurist
Hairdresser
Clerk
Follow-up clerk
Archive clerk
Tinker
Mechanic assistant
Ironsmith
Welder
Carpenter
Builder
Shop attendants
Light vehicle driver
Barber
Makeup artist
Janitor
Shift operator
Typist
Watchman
Chef
Turner
Plumber
Tile fitter
Meat griller
Falafel maker
Dessert maker
Pastry maker
Waiter
Machine operator
Clothes presser
Car washer
Coffee maker
Butcher
Slaughterer
Painter
Tailor
Baker
Kneader
Goldsmith
Electrician
Upholsterer
Blancher
Drawer/draftsman
"Mohandas Kattungal, BA LLB As a Funding Strategist and Legal Expert, I specialize in navigating the complex landscapes of project funding across the UAE and Saudi Arabia. I am the Founder of Bucks Capital & FinMaag, where I advise clients on securing international capital through Venture Capital, Debt Finance, and Real Estate mechanisms. My background as a Calicut Law College Alumnus ensures a robust, legally sound approach to every deal.