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Blue Classics Documents Clearing Services, is a leading provider of document clearing solutions in Dubai. Our dedicated team ensures swift and accurate processing of visas, permits, licenses, and legal paperwork. With a focus on efficiency and client satisfaction, we simplify bureaucratic processes, allowing individuals and businesses to thrive. Trust Blue Classics for reliable and personalized services tailored to your needs.

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B-Company Travels & Tourism invites you to embark on unforgettable journeys tailored to your desires. All over the world, Based in Dubai, our dedicated team specializes in crafting personalized travel experiences that cater to your preferences. Whether you seek luxury, adventure, or cultural immersion, we design bespoke itineraries to exceed your expectations. With a commitment to excellence and attention to detail, let B-Company Travels & Tourism be your trusted partner in creating memories that last a lifetime

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The DFSA introduced its comprehensive framework for regulating financial services using Crypto Tokens on 1 November 2022. This was the second phase of the DFSA’s work in this area following the introduction of the Investment Token regime in October 2021.

The DFSA set out to regulate Crypto Token businesses with the intention of fostering innovation in a measured, responsible and transparent manner while still meeting the DFSA’s regulatory objectives. Under the regime, firms in the Dubai International Financial Centre (DIFC) can apply for and obtain a licence to provide financial services with Crypto Tokens in or from the DIFC.

The Regim

The DFSA’s regulatory regime is largely technology-neutral, allowing firms to provide a wide range of financial services with Crypto Tokens. We believe that the main principles of our regulatory framework in this area are familiar to the market, with specific requirements in those areas where the use of the distributed ledger technology (or similar) introduces additional risks that need to be addressed with more focused requirements.

Our framework is designed to accommodate firms who want to operate a Crypto Token market, provide custodial services, manage clients’ assets, establish or manage funds, or provide other financial services. The rules cover a wide range of risks relating to financial crime, technology, governance, custody, disclosure, market abuse and fraud.

The Crypto Token regime has received significant interest since its inception:

• 100+ firms have inquired regarding operating a Crypto Token business (these are firms new to the DIFC and Authorised Firms looking to vary their licence);

• 5 Crypto Token variations were issued (a mix of funds and trading business);

• 1 licence to offer Investment Tokens was issued (to tokenise units of a fund);

• 3 Crypto Tokens have been recognised, covering 75% of the total Crypto market capitalisation; and

• 2 applications for Crypto Token recognition are being reviewed.

In carrying out this engagement and responding to inquiries, we have learned a considerable amount about the market, the products and services firms want to offer, and where our regime may benefit from further clarity and, in parts, further requirements or flexibility. Our next set of proposals will focus on:

• Custody;

• Financial Crime;

• Staking for Proof of Stake (PoS) consensus mechanisms; and

• Fund Management.

For more information on the Crypto Token regime, please go to the DFSA website or contact the DFSA.

Write youThe DFSA’s Crypto Regime: one year onr text here...

Pre-approved UAE visa-on-arrival for some Indians: Can a 14-day permit be extended?

When to apply for visa, validity, documents required: All your questions answered by  Sahim Salim.

Last updated: Mon 5 Feb 2024, 10:28 PM

• A pre-approved visa-on-arrival for some Indians travelling to Dubai via Emirates Airline can be extended once during a visit. VFS Global, which will process the applications for the pre-arranged visa, told Khaleej Times that the extension can be done at the office of the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai Airport Free Zone.

• Fulfilled by VFS Global’s Dubai Visa Processing Centre, the document is issued as a 14-day single-entry visa for Indian passport holders with a US visa or green card; or EU or UK residency that’s valid for at least six months. The service costs $69 (Dh250). The visa can be extended for another 14 days by paying Dh250.

• The visa is valid for 60 days from the date of issue.

• Skip queues

• Eligible travellers have been getting visa-on-arrival at UAE airports since 2017. What’s new with this pre-arranged visa is that it will help holders skip queues when arriving in Dubai.

• “The pre-approved UAE visa solution enables travellers to head straight to the immigration counter upon landing in the UAE, rather than visiting the Marhaba counter/bank for the visa-on-arrival fee and receipt collection prior to immigration,” VFS explained

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• Founder and CEO of B-Company & BL Group of Companies. The Companies has diversified into many significant areas under his dynamic stewardship, retail being the most prominent of them.

MUHAMMAD IRFAN THONDANMALA ABDULRAHMANKUTTY

• Born into a modest family in the rural village of Engapuzha, Kerala, India, I faced the harsh realities of poverty from an early age. With no formal qualifications and little hope for a brighter future, my parents struggled to support our family, and my father's (ABDULRAHMANKUTTY) & mother (SAHIRA) disappointment in my lack of direction only added to the burden. At the tender age of 19, feeling the weight of responsibility and the need to change my circumstances, I made a pivotal decision. Determined to break free from the cycle of poverty, I resolved to work tirelessly to secure a better life for myself and my family.Setting my sights on Dubai, a beacon of opportunity and prosperity, I embarked on a journey fueled by sheer determination and unwavering resolve. Despite the challenges and uncertainties that lay ahead, I knew that success awaited those bold enough to seize it.

• Upon arriving in Dubai, I dove headfirst into any opportunity that came my way, embracing every challenge as a stepping stone toward my goals. From menial jobs to long hours of hard labor, I was undeterred by the obstacles in my path, fueled by the burning desire to carve out a better future for myself.Through perseverance and relentless effort, my dedication began to pay off. At the age of 22, I defied all odds to establish myself as a successful businessman in Dubai, my entrepreneurial ventures transcending borders to encompass international markets.From humble beginnings in the backwaters of Kerala to the bustling streets of Dubai, my journey stands as a testament to the power of determination and resilience. Despite the odds stacked against me, I refused to succumb to despair, forging my own path to success and inspiring others to dream beyond their circumstances. Today, as a successful businessman with international acclaim, I am grateful for the opportunities that have shaped my journey and humbled by the chance to make a difference in the lives of others.

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irfan@blueclasic.com

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