Interesting facts:
Since 2004, the UAE has been governed by Sheikh Khalifa – the older son of the state’s founder Zayed Bin Sultan Al Nahyan Full versionIf your goal is to become a resident of one of the most dynamically developing countries in the world, you should know that there are several available solutions to achieve this. In this article we will consider the main ways of obtaining a residence permit in the UAE for businessmen and entrepreneurs.
Businessmen, investors and entrepreneurs can take advantage of the two key solutions available for obtaining a residence permit – through the purchase of real estate in the UAE and by means of registering a company. Let's take a closer look at each of the options.
To become a resident of the OAE, and Dubai in particular, and using this way it is necessary to take several important points into account. First of all, the property you buy must be fully constructed. Secondly, its value should be at least 1 million dirhams. If you choose this way of obtaining a residence visa, you don't have to register a company. The main disadvantage of this type of residence is as follows – you don't have the right to work. In addition, the cost of such a purchase is quite high.
To implement this solution, it is necessary to register a company on the territory of one of the UAE's free trade zones. After doing this you will get the right to get a residence permit as a shareholder of the company. The residence permits can also be obtained over the company by your employees. It is very beneficial to do business in the UAE and Dubai, in particular, since the tax-free environment of the state gives you the opportunity to successfully resolve many issues. This is the significant advantage. As for the disadvantages of this option, the solution entails certain company registration costs. Of course, this is not much in comparison with the costs of obtaining residence permit through investment in other countries of the world. This method of obtaining a residence visa has a number of advantages. It does not require such investments as the purchase of real estate in Dubai. This type of residence permit is issued for three years and gives you the right to work and do business in the UAE.
Most entrepreneurs choose the second solution of obtaining a residence permit. Registration of a company in the UAE is a very convenient mechanism for acquiring the status of a resident. As for the time required for processing all documents and obtaining a residence permit by means of registering a company – it takes about a month. You can also apply for a visa for your family members after all the procedures related to your resident visa are completed.
Our company is equipped to provide you the full support in obtaining a residence permit by registering a company or purchase of a property. Contact us and we will be happy to answer all of your questions.
More articles from "Dubai & UAE business news":
