Dubai and all Emirati cities support foreign investment and are keen to provide all the facilities that enable them to establish projects on their land, but this must be done within a legal framework. Therefore, the conditions for an investor’s residence in the Emirates are among the things that allow investors to build a better future for themselves. As they must be adhered to in order to practice any commercial activities in the country. And with Tasyeir company you can easily know all these steps.
Conditions for an investor’s residency in the Emirates
The UAE provides the possibility of obtaining a visa for investors called green residency, which allows them to conduct business within the country under legal supervision.
This visa, which lasts up to five years without a guarantor, was created and can renew for a similar period at any time, unlike the previous visa, which lasted only two years.
The most important conditions for obtaining it are the following:
- Approval to engage in commercial activity and prove its value or partnership.
- If the foreign investor owns more than one license at the same time, the total capital invested is calculated when the ratio is met.
- Approval from the local concerned authorities for the applicant to practice the activity.
As for the papers necessary to fulfill the conditions for an investor’s residency in the Emirates. They are as follows:
- A recent copy of the passport.
- As well as, a clear personal photo with a white background.
- An exact copy of the establishment’s card.
- As well as, commercial license.
- The original and copy of the contract of incorporation or of the service agent contract issued by the court, provided that the percentage exceeds 72 thousand UAE dirhams.
- As well as a contract with the names of the partners attached.
- The company’s account statement for the last three months from the bank if a year or more has passed since the license was issued.
Investor residency fees in Dubai
Some fees are imposed on a foreign investor in Dubai to obtain a residence visa. And these costs can be divided into the following:
- Entry permit for individuals within the country: 1.35 AED.
- Entry permit for individuals outside the country: 365 AED.
- Adjustment of status for people in the country: 570 UAE dirhams, and is not binding on people outside the Emirates.
- As well as, Visa stamp: Costs approximately 515 AED.
- Some other fees are charged when performing medical examinations.
The UAE has also provided encouragement to invest in some freehold properties, where company owners are exempt from some taxes such as value-added tax.
Investors can also own their companies without the need for a guarantor. The most important of these places are the following:
- Dubai South is a multi-commodity hub.
- As well as, Dubai Internet and Dubai Media.
- Dubai Production and Silicon Oasis.
- Jebel Ali.
Advantages of investor residency in Dubai
In continuation of the topic of conditions for an investor’s residency in the Emirates. This visa gives investors many advantages, which are as follows:
- Benefit from the tax benefits provided by countries, such as abolishing the personal income tax while enjoying a low corporate tax rate.
- Providing job opportunities by providing work in a different number of economic projects.
- Enjoy the advantage of long-term residence with your family. They are also allowed to enter schools. And work in any commercial field, which provides them with security and stability.
- As well as, expanding investors’ business, easily accessing all regional markets, and making the most of the country’s strategic location.
- Benefiting from the huge infrastructure projects that the UAE enjoys, as it has world-class systems and service institutions in all fields with a high level of efficiency.
- Obtaining a retirement residency for investors over the age of 55 to enjoy their retirement years in the country.
At the end; Tasyeir Company facilitates the conditions for an investor’s residency in the Emirates, with a work team that has all the powers and experience to accomplish such tasks at the lowest possible cost.
Follow us on Social media
