Obtaining residency by investment in the United Arab Emirates
Investment in the UAE, the conditions of investment in the UAE, standards, and indicators affecting investment in the UAE, types of investment methods such as; investment by buying a property, registering a company, entrepreneurship, and other ways of investing in the UAE, the advantages of investment, and the methods for obtaining residency in the UAE by investment have been discussed in this article. How to invest in the UAE? What are the advantages and disadvantages of investing in the UAE? Is it possible to obtain UAE residency by investment? We have answered these and other questions about investment in the UAE in this article. The UAE is one of the wealthiest countries in the world. Other indicators like low unemployment rate are also among the reasons for immigration and traveling to this country. You can contact the MIE Austria and benefit from free telephone consultation to get more information, to clear up any ambiguity, and to find answers to your questions.
In the Comments section, you can also ask your questions and answer them in a short time.
Topics reviewed in this article:
Investment in the UAE by buying a property
One of the methods to invest in the UAE is an investment by buying a property. International applicants can buy a property in this country. The cost of this type of investment is a bit high and may have some problems and risks like any other type of investment. The minimum amount for investment in this method as a foreigner to obtain residency in this country is one million dirhams. One of the risks in this method is that people may buy a property at an unrealistic and high price, which they may face if they do not have enough knowledge about the property and its costs in this country. Applicants can obtain a UAE visa for themselves and their family members after purchasing a property in the UAE and also if they have financial viability. The UAE visa is valid for the investor and one’s family members for two years, after which it can be extended, only if the applicant has not sold the property. The essential point is that with investment in the UAE through buying a property you cannot obtain permanent residency, citizenship, and a passport of this country. It is suggested that the investors who want to obtain a passport from a foreign country by buying a property, choose another country.
Investment in the UAE by registering a company
Another method to invest in the UAE is through company registration. There are several types of companies in this country, including a limited liability company, a public joint-stock company, a private joint-stock company, a participatory company, and so on. The company can be established in the UAE or the free zone. If a person wants to establish a company in the Dubai free zone, the Dubai Immigration Office will issue the permit, and there is no need for the UAE Labor Office to intervene. At first, you need a permit to register a company in this country, which can be issued in three different areas such as commercial, industrial, or professional license, which also varies depending on the type of work and activity of the company. One of the conditions for registering a company in this country is that an Emirati person must own some parts of the capital of the newly established company, but this issue also has exceptions.
For example, a person who registers a company in the free zone can own the company entirely. The minimum amount required to register a company in the UAE is one million rials. It is necessary to present a business plan for registering a company. People who register a company with a good reputation in the UAE can obtain a three-year residence permit for themselves and their family members. Applicants can contact the experienced consultants of MIE Austria for more information.
Here are some advantages of company registration in the UAE for investors:
- High technology
- Have proper communication and transportation
- Have a free market
- Business competition
- Privileges such as getting a loan for investment
- Suitable economy and market
Investment in the UAE by entrepreneurship
Another method for investment in the UAE is entrepreneurship. Entrepreneurship is easy in this country, and in recent years there have been special programs to encourage people, such as giving prices to entrepreneurs. There are also special departments in this country, and they must support entrepreneurs. Entrepreneurs in this country must present a reliable business plan to prove that their idea and work is beneficial for the UAE. After the approval of this plan, you can choose your working location. The applicant can have the full ownership of one’s work if one intends to work in the UAE Free Zone. Otherwise, a partner who is a citizen and resident of the UAE must own more than half of the business. Entrepreneurs can obtain a 5-year residence permit for themselves and their family members. It is also possible to receive temporary residence in this country for three managers and authorities of the business. They can earn a 5-year residence permit in this country. The minimum capital required for entrepreneurship in this country is 5 million dirhams.
Leave a Reply
Want to join the discussion?Feel free to contribute!