Would you like to find out more about obtaining a UAE residency through investment?
Moving to the UAE is an attractive option for many, especially those looking to take advantage of the numerous economic opportunities the country has to offer.
Here is some information surrounding why many decided that moving to the UAE would be a good option for them, as well as some possibilities for obtaining UAE residency by investment.
Reasons People Move to UAE
The UAE has many different options that its residents like. For example, Abu Dhabi is one of the wealthiest and most developed cities in the Middle East, boasting a rapidly growing economy. There are almost no taxes in the country, and the work-life balance is high. There is beautiful nature in UAE, and a high level of technology. There are a lot of people from overseas. For example, when it comes to living in Abu Dhabi, 88 percent of Abu Dhabi residents are from another country.
Why Are Entrepreneurs in the UAE?
Aside from its high level of tech as well as much tourism, UAE also has very lenient tax laws. There are very few taxes in the country, and some people are not even required to pay income tax. This is an attractive quality for entrepreneurs who are looking to open up their businesses in the country or invest there.
Purchasing a Real Estate
So, in short, how does UAE residency by investment work?
Those who purchase real estate in the UAE may obtain a residency visa. These properties can be purchased in the freehold zones. There is a minimum amount that has to be spent, which is AED 2,000,000. In USD, that is roughly USD 545,000. There are then additional fees on top that need to be accounted for.
There is another option – the investor can also buy a property in the Freehold Zone and get a visa for two years. This will cost about AED750,000. That is about USD204,000. the sum also depends on the number of investors.
For example, it is higher for spouses at AED1,000,000, which is about USD 272,000. Once again, there are also many fees and things to know.
Keep in mind that thorough research needs to be done in order to accurately determine the total cost of establishing a business and acquiring a visa in the UAE.
A Summary of UAE Residency by Investment
The UAE has many different options that its residents like. For example, Abu Dhabi is one of the wealthiest and most developed cities in the Middle East, boasting a rapidly growing economy. There are very few taxes in the country, and some people are not even required to pay income tax. This is an attractive quality for entrepreneurs who want to open up their businesses or invest in them.
Investors can obtain a ten-year or a two-year residency permit when they make certain investments. These investments have to be above a certain amount, and there are various things to know and rules to be aware of. There are also fees that investors need to know. So, a lot of research is needed!