The Visa cost for an investor/ employee in Sharjah based Free Zones range from Approx. 3,500 to 4000 AED. The 100% foreign ownership, no income tax and corporate tax, full profit repatriation, favorable business environment, etc., makes Dubai a perfect choice for business investment and establishing a company.

There are many cheapest residence visa options available across the Free Zones of UAE. There are a few special offers where one residence visa cost is waived off too. Taking the cheapest residence visa in UAE will help investors to keep the overall business setup cost low.

Types of UAE Residence Visa for Expatriates

There are many ways in Dubai to obtain a residence Visa. Following are few resident visa options that ex-pats can avail of themselves in the UAE.

1. Free Zone Business License

The easiest way to get a residence visa in UAE is by starting a small business by obtaining a single visa quota business license from anyone Free Zone in UAE.

The Free Zones in UAE offer virtual business licenses to investors with Flexi-desk, and co-working spaces for conducting their desired business activity through obtaining the business license.

The Free Zones in UAE are a vital part of economic growth. It is a secured business jurisdiction and offers UAE residence for company owners, and employees under a company registered in the respective Free Zone as well as provides all required infrastructure facilities for the business to thrive.

2. Mainland Company License

For investors aiming to venture into the mainland of UAE and actively expand their local business, a mainland company license is the right choice. Start a Limited Liability Company in the mainland of Dubai, take an investor visa, and sponsor employees and thrive the business.

Mainland business has many advantages for investors. With 100% ownership for expatriates, easy bank account opening, lower rental expenses, flexibility to expand, etc., LLC Company formation is one of the investor’s favorite choices.

3. Freelance Permit

For young entrepreneurs who want to start their business for the first time or try out the UAE market before going full-fledged by opening a company, getting a Freelance Permit is an ideal choice. It is a type of self-employment visa as the Freelancer is all on his own when it comes to conducting business activities.

There are few Free Zones in UAE that offer Freelance Permits for various business activities. The Freelance Permit will be issued for a person and it won’t be a company. The Self Employment Visa will be available from the respective Free Zone for the entrepreneur. The Self Employment Visa will be for two years (renewable) sponsored by the respective Free Zone.

Using the Freelance Permit, the person can take up projects for the specified business activity in the permit. They can also apply for a UAE residence visa and sponsor dependents for 2 years which is renewable.

Some Free Zones in the UAE offer affordable Freelance Permits that freelancers can apply easily.

Freelance Permits from SHAMS free zone start at AED 5,740. Similarly, there are other Free Zones such as Ajman Free Zone, Umm Al Quwain Free Zone, etc., that offer Freelance Permits at an affordable free for entrepreneurs.

4. Golden Visa

UAE has announced full-fledged long-term visas for expatriates to continue their tenure and contribute to the economy by being in the UAE.

It is also aimed at retaining the best talent in the UAE and generating more business opportunities and business growth. The Long-term residence Visa is not tied up to an employee as the sponsor and the individual will have a 5 to 10-year visa in UAE that is subject to renewal.

The Golden Visa will enable significant foreign investment from global investors who are aiming to make Dubai their home for the long term and will boost the economic outlook.

The strategic industries of UAE such as tourism, real estate, commercial, etc., will get talented employees, more foreign investment, and achieve business growth through long-term golden visas.

5. Green Visa

To further strengthen the economy, create more job opportunities, and retain global talent in UAE, the Government has introduced the Green Visa. There are a lot of benefits in terms of visa rules such as:

• Staying in UAE without a job for 3 to 6 months
• Self-employed people can sponsor themselves and family without the need of an employer
• Sponsor parents and children up to the age of 25, and more.

The recent amendments in the UAE residence laws are for encouraging the expatriates to stay in the UAE and contribute more to the economy. UAE has launched numerous residence visas and other supportive programs for expatriates to easily live, work, and study in UAE along with the family.

6. Property Investment

The real estate market in UAE is very mature with numerous projects read to occupy in various prime locations of UAE.

UAE has a wide range of properties available ranging from affordable to luxury penthouses. With the long-term residence visa and property visas tied up to the property purchase in UAE, the real estate market in UAE is witnessing a major growth prospect.

As per latest update, any one who have purchased a property worth AED 2 million in Loan, Mortgage, or EMI can now apply for Golden Visa. There is no minimum down payment requirement of AED 1 million, the investor will receive a 10-year visa and be able to sponsor dependents too.

The investor must get an NOC from the Developer or the Bank and submit along with the few documents for processing their Golden Visa. Expert Business Consultants such as AURION will guide you through the process seamlessly.

To know more read: Property Visa in UAE

7. Employment Visa

Getting employed in the UAE will entitle you to a UAE resident visa under the sponsorship of the employer. For a first-time visitor to UAE getting on employment, the pathway is ideal to get UAE market experience and later venture into setting up a company for themselves.

Along with the above-stated residence visa, under the new development plan and promoting ex-pat living in UAE, there are retirement visa, special work permits for teenagers, residence visa extensions for widowers for up to 1 year, employment visas holding up to 6months, and more.

The Job Loss Insurance scheme is a new scheme launched by the UAE Government to support the employees incase of a job loss. It is an insurance scheme where a very nominal premium is paid by the employee monthly to the insurance scheme, and they can avail of the benefits during an instance of job loss.

What is UID Number?

The unified Number (UID) is a 6-digit code that can be found on the entry stamp on the last page of the passport or on the visa sticker. Without a UID Number, one cannot complete the application for Emirates ID.

A UID number is a 9-15 digit unique number that gets assigned to a visitor or tourist or resident. The UID numbers are issued by the General Directory of Residency and Foreign Affairs (GDRFA). UID remains the same even if you change your visa or status from tourist to resident.

It is a permanent unified identity number. UID is located on the visa page right above the file number. Many expats are not aware of the codes and numbers on their residence visa page

How to Check UID Number Online?

UID numbers can be verified online by visiting the GDRFA website. From the home page click on e-Services and click on ‘Find my UID’.

Provide the passport number, nationality, date of birth, and other information required, and click on the submit button. The webpage will provide you with the UID Number.

In case you are unable to obtain the UID Number online, visit the GDRFA main center in Al Jaflilya, Bur Dubai, or Dubai International Airport Terminal 3. They can issue the UID number for you after reviewing the request.

How to Merge UID Numbers?

There could be instances where one applicant will be having multiple UID numbers. It is mostly caused due to system errors but could affect your resident visa processing.

Hence, in such cases, the multiple UIDs must be merged into a single UID Number by raising the request for the merging. It will clear the immigration records and only one UID will be active for the applicant.

Follow the below steps to merge the UID numbers

• Visit the immigration office in UAE – GDRFA – Al Jafliya, Bur Dubai
• Submit the required documents – Passport copy, entry visa copy ( if any)
• Old, expired, or canceled visa page in passport and copies – for reference purposes
• After submitting the documents for review, the authorities at GDRFA will provide you with the updated UID number that you can use for your new residence visa application, Emirates ID, etc.

So in conclusion, UAE is becoming a family-friendly and expat-friendly location with ample facilities and infrastructure to power businesses of any scale and retain global talent within UAE and boost growth prospects.

To know more about UAE Residence visas and the process of applying, talk to our expert business consultants right away!

The post How to Apply for Residence Visa in UAE – Types of UAE Residence Visa Explained appeared first on AURION.

The long term residence visa enables talented individuals to contribute more towards society and thereby support the economic growth in the region.

New Amendments to Golden Visa

Golden Visa is targeted towards the foreign investors and expatriate population living in UAE currently. It enables ex-pats to live, work and study in the country without the need of a national sponsor.

The golden visa eligibility is extended towards managers, CEOs, specialists in science, engineering, health, education, business management, and technology professionals.

The visa application process is simplified for highly skilled and specialized residents, investors, entrepreneurs, scientists, pioneers, leading students, and graduates. These visas are valid for a period of 5 or 10 years and are renewed automatically.

New UAE Residence Visa Reforms

Following are the Residence Reforms added along with Golden Visa amendments in the recent UAE Cabinet decision by the Government.

• Business trip permits extension from 3 to 6 months
• Parents Sponsorship under the visa of direct family members
• One-year residency extension for humanitarian cases
• Extensions of children’s age limit on parent’s residency from 18 to 25 years
• Extension of grace period to exit the country after a job loss or retirement from 30 to 90-180days

Green Visa and Freelance Visa

UAE has also announced a Green Visa that expands the self-residence status to investors, entrepreneurs, highly skilled individuals, top students, and graduates.

Also, there is a freelancer visa for self-employed workers based in UAE and overseas specialized fields such as artificial intelligence, blockchain, and digital currencies, etc.

All the latest residence visa amendments are aimed at retaining the best talents in UAE and inviting new ex-pats to the country. UAE is transforming itself into a competitive business and family destination to invite foreign investors to settle in the region.

UAE through the latest initiatives is creating a sense of stability and security for the residence, strengthen the labor market, facilitate sector growth and skill development of individuals present here in the country.

Long-term Residence Visas in the UAE

The UAE Government launched the Long Term Residence Visa for residents and foreign investors to extend their living in the UAE and contribute actively to the growing economy.

The Long-term Residence Visas will be issued for 5 or 10 years and will be renewed automatically.

Eligibility for a 10-year Visa without a Sponsor

For a 10-year Residence Visa in the UAE, there are the following categories.

1. Investors with Public Investments of at least AED 10 million

The investment can be of any form below:

• A deposit of at least AED 10 million in an investment fund inside the country
• Company Formation in the UAE with a capital of not less than AED 10 million.
• Partnering in an existing or a new company with a share value of not less than AED 10 million

The investor must have a total investment of not less than AED 10 million in the above areas. Also, on condition of having more than 60% of the total investment in sectors other than real estate.

Criteria for the Visa Application Processing

• The amount invested must not be in the form of any loans
• The investment should be retained for at least 3 years.
• There should be financial solvency up to AED 10 million

Visa can be extended to include business partners, provided each partner contributes to AED 10 million. The Long term visa can also cover spouse, children and one executive director and one advisor of the company.

To initiate the process of long-term visa and company formation in the UAE, the investors can apply for a multiple-entry permit for a 6-month tenure.

2. Individuals with Specialized Talents

Specialized talents and researchers in the field of science and knowledge are eligible for long-term visas. Professionals such as doctors, specialists, scientists, inventors, as well as creative individuals in art and culture can apply for the visa.

All the professionals must be having a specialized field of priority in the UAE.

Criteria for Processing the Visa Application

• A scientist must be accredited by Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence.
• Creative individuals must have accreditation by the Ministry of Culture and Knowledge Development
• For inventors, there must be holders of patents approved by the Ministry of Economy and the patent must add value to the UAE’s economy.
• Inventors & Researchers must have their patents or scientific research published in a world-class journal
• Executives must be highly qualified in academics and must be part of an internationally recognized company.

Doctors and specialists must be fulfilling at least 2 of the following conditions

• Ph.D. degree from one of the top 500 universities in the world
• An award or certificates of appreciation in the field of the applicant’s work
• Contribution to major scientific research in their domain
• Published articles or scientific books in renowned publications
• Membership in an organization related to their domain
• 10 years of professional experience in the domain with a Ph.D. degree. The domain must be in the areas of priority to the UAE.

Eligibility for a Golden Visa without requiring a Sponsor

1. Investing in a Property in the UAE – 10 Year Golden Visa

New Update: As per the latest update, for the Golden Visa (10 Year Residence Visa), there is no requirement of AED 1 Million Down payment for the property that is valued at AED 2 Million.

So, investors who have started the process of Property Purchase through Loan, Mortgage, Easy Monthly Installment, are now eligible for Golden Visa. Connect with our expert team to know more.

2. Entrepreneurs Five Year Visa

Entrepreneurs having an existing project with a minimum capital of AED 500,000 or those who have the approval of an accredited business incubator in the country.

The entrepreneur is eligible for a multiple entry visa for 6 months, renewable for another 6 months. They have to do the processing of long-term visas within the tenure. The entrepreneur can sponsor dependents including spouses, children, a partner, and 3 executives.

3. Outstanding Students

Students with a minimum grade of 95 percent in public and private secondary schools. University students within and outside the country having a distinction or a GPA of at least 3.75 upon graduation. The students are eligible to sponsor their families under the visa.

How to Apply for Long Term Residence Visas in the UAE

For the foreign investors, students, and academicians to start the long-term residence visa process, they can visit UAE on a Multiple-Entry Visit Visa valid up to 6 months (extendable to 6 months more).

Multiple Entry Visa – 6 Months for the Investors (New Visa)

Visa Application Steps Overview

• Submission of the application through the system (E-channel)
• Receive the application by the employee
• Checking the request. In case of errors, will be rejected
• Receive the Gold Visa Permit

Documents Required

• Dependent passport and color photo
• Bank letter as proof of Deposit
• 3-year bank deposit of AED 10 Million
• Attested Company Establishment Contract (Share of AED 10 Million proof or 6 Million if there is another real-estate investment of worth AED 6 Million)
• Certified Financial Auditing Company Report (Proof for the investments are not loaned or mortgaged)
• Real estate registration department (Proof that the real estate is not loaned or mortgaged)

For entrepreneurs, students and Special talents the process is similar to the investors, there is no requirement to furnish any investment or bank deposit.

They have to submit identity documents (passport copy, photo) and proof of long-term residency eligibility (employment contract, academic qualification, etc.)  

Long Term Residence Visa is an initiative launched by the Government of UAE to strengthen the economy and drive foreign investment and fresh talent across industry verticals.

The launch of Long Term Residence Visas in the UAE is in line with UAE’s long-term plans of diversification of the economy, technology advancements, entrepreneurship, and build a better tomorrow.

To know more about the Long Term Residence Visa, connect with the experts Business Consultants right away!

Contact: Aurion Business Consultants

The post Golden Card Visas in UAE – How to Apply for Long Term Residence Visa in UAE? appeared first on AURION.

However, the property value must be above AED 2 Million and can be in a mortgage, loan or EMI plan.

With numerous new projects lined up and handing over of completed apartments to the owners, the real estate segment is actively progressing in the region. It is a dynamic industry sector with vibrant choices for the investors to own their dream home in UAE.

How to get a Golden Visa by Purchasing a Property in Dubai?

To be eligible for the 10-Year Golden Visa, the investor must have a property worth AED 2 million or above. It also could be multiple properties in the name of the investor that will add up to the value of AED 2 Million or above.

As per the recent update, there is no requirement for a minimum down payment of AED 1 Million to be eligible for applying for the Golden Visa. Also, the property can be on a mortgage, loan, or EMI plan. The investor must get an NOC from the Bank stating the payments made and the remaining amount.  

So, now the pathway to obtaining a Golden Visa through property purchase is becoming accessible to a wide audience. Those who have a property investment (AED 2 Million and above – the amount financed by loan or EMI) in any of Dubai’s Freehold areas are eligible for a Golden Visa valid for 10 years (renewable).

Furthermore, the investor can sponsor their dependents (wife, son, and daughter –until married), two housemaids, and a driver. Additionally, they can extend their stay in UAE for a longer period and also travel out of UAE for any duration (no six-month return).

Why Choose UAE for Settling with your Family?

There are umpteen reasons why investors choose UAE to settle down with their families. The political stability, improved lifestyle, ease of doing business, business-friendly laws, zero personal & income tax, lowest crime rate, etc.

Property purchase in UAE is a lucrative investment opportunity for investors and professionals around the world. Also, it makes the investor eligible for a UAE Golden visa upon meeting certain investment criteria.

It allows the ex-pats to extend their stay in UAE and enjoy the world-class facilities and business opportunities available here in the region. Furthermore, the property market in UAE offers a wide range of options from affordable to ultra-luxurious homes for all types of buyers.

Wide Range of Property Selection in UAE

The introduction of budget-friendly homes across UAE freehold areas such as Jumeirah Village Circle, International City, etc., are attracting middle-income ex-pats and foreign investors to acquire their dream home at relatively lower rates when compared to global real estate markets.

Then, there is are a lot of luxurious villas and apartment projects in the heart of Dubai such as projects in Business Bay, Dubai Water Canal, Palm Jumeirah, etc., where investors can spend a fortune to own world-class quality homes overlooking the sea and cityscapes.

UAE Residence Visa Tied to Property is a Trend

The UAE Residence Visas tied to the property are right at the center of the property decision-making for a global investor aiming to settle in the UAE. Purchasing a property will help investors to experience the life in UAE and stay for a prolonged period in the region.

Property investment in UAE offers a high-yielding business investment over the years and that is the key reason why investors are aiming for a property purchase in UAE. The 10-year Golden Visa is the key attraction for foreign investors to settle down in Dubai, UAE through property purchases.

Property Visa in UAE – Attracting Foreign Investors

The residence Visa along with the property purchase is a key highlight attracting foreign investors to UAE. Ambitious projects such as the Al Hamra Properties in Ras Al Khaimah are offering 12-year visas tied to property purchases.

The property developer has teamed up with the Ras Al Khaimah Economic Zone (RAKEZ) to offer a simplified process of UAE Residence Visa application. The aim is to attract entrepreneurs, freelancers, consultants, and senior citizens to live and work in UAE.

Property Visa is opening up new possibilities for investors in UAE in terms of living and working or starting a business in the region. Also, the developers in UAE are aiming to tap the white-collar professionals and the abundance of freelancers and employees in the UAE market.

Long Term Golden Visa and Property Purchase in UAE

By introducing long-term 10 year Golden Visas along with property purchase, UAE aims to retain the top talents and enable the ex-pat population to continue their stay in the country.

The Golden Visa for 10 years is for supporting businesses and investors in achieving their long-term goals. They can purchase exquisite properties in prime locations of Dubai, and meet the eligibility criteria for Golden Visa.

The process of applying for the Golden Visa is streamlined and simple with minimal documentation requirements. Expert Business Consultants will coordinate with the Investors and Government Authorities such as the Dubai Land Department to get the processing of Golden Visa efficiently.

10-Year Golden Visa

For an ex-pat investor in UAE, a property purchase worth above AED 2 million is the first step towards realizing the long-term goal of settling in the UAE with family.

For the 10-year Golden Visa, as per a recent update, the minimum requirement of 50% down payment for the AED 2 Million property is eliminated as a criteria to apply. Also, the property purchase of AED 2 million can be either through a loan, mortgage, or Easy Monthly Installments, etc.  

So, now the investor who has started the property purchase process for a Villa, Townhouse, or Apartment in Dubai that is worth AED 2 Million; is eligible for the Golden Visa.

Required Documents for Long-Term Residence Visa in UAE

There are a few documents for processing the Golden Visa for the investor. Following are the paperwork that needs to be in place for the submission to the Dubai Land Department.

• Title Deed for the Property mentioning the Property Value (Must be AED 2 Million and above)
• Bank or Developer NOC letter stating the loan, or monthly installment amount paid up and pending.
• A clear passport copy (Passport valid for more than 6 months) and Previous Emirates ID (If applicable).
• A high-quality applicant digital photo that matches the ICP specifications
• Applicants from the following countries must have their National ID (IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN).
• Health insurance (from any insurance company in UAE). As per GDRFA regulation, Medical insurance is compulsory for all residence permit applications.

To know more read: UAE Residence visas for Investors

Property Purchase in UAE Paving Way for Long Term Sustainability

So, with the Golden Visa under the Property Purchase pathway, investors in UAE can continue to stay in UAE while owning a home.

Thus, an investor visa through property purchase enables more people to stay in the country for a longer time. Also, In turn, creates a sustainable demand for property in the region.

To know more about Property Purchase in UAE and the Residence Visa process. Talk to our expert Business Consultants right away!

The post Golden Visa through Property Purchase in Dubai appeared first on AURION.

The ease of doing business in UAE, the robust business ecosystem, improved lifestyle, secured corporate banking network, lowest crime rates, etc., make UAE the perfect destination for establishing a company.

Why is Investor Visa a Popular Visa Category in UAE?

For business owners, there is a separate visa category known as the Investor or partner visa. Business Owners can register their companies in the mainland, or Free Zones and can apply for the investor visa.

Investor Visa in UAE allows an individual to manage a company of their own and sponsor employees and family members under the newly incorporated company.

Based on the location where the company is established the entrepreneur can apply for the UAE Investor visa.

How to Get a Dubai Investor Visa?

In Dubai, the entrepreneur can obtain an investor visa in two ways –

1. Registering a Mainland Company
2. Incorporating a Free Zone Company

There is one more popular way of obtaining an investor visa in Dubai and that through property purchase of a residential apartment, or a villa worth value (current sale price) above AED 1 Million for a 3-year visa, and AED 5 Million or above for a 5-year visa.

Also, there is a 10-Year investors visa where the applicant must invest about 40% of the total investment value (AED 10 million) in real estate in UAE and the rest in any business establishments or funds in the region.

Documents Required for Obtaining an Investor Visa in Dubai Mainland

• Passport copy
• Photograph with white background
• Memorandum of association for the company
• Copy of the Local Sponsor Agreement with UAE Nationality
• Immigration Establishment Card
• Trade License
• Office Space Lease Agreement
• Bank Statement for last 3 months

How to Apply for Dubai Investor Visa?

In Dubai Mainland, the Investor Visa can be applied in Amer Centres across the city.

After registering the company and obtaining the trade license, the entry permit for the entrepreneur must be applied if he/she is not in UAE currently (if in UAE, apply for the changing status by paying the in-country status change fees).

Steps in Applying Dubai Investor Visa

Once the confirmation of change status is received, the investor visa will be stamped on the entrepreneur’s passport. The required visa stamping fee must be paid to obtain the Investor Visa in Dubai.

The required documents must be submitted to the Amer Center for processing of the investor visa.

There will Extra charge for the medical testing and Emirates ID. The immigration Establishment Card would be required for applying for the investor visa.

Dubai Investor Visa for Free Zone company

The Free Zones in Dubai plays a vital role in attracting significant foreign investment through facilitating company formation.

It also provides the required infrastructure and support functionality to entrepreneurs wishing to invest and settle in UAE.

There is a steady growth in economic activities that are centered around the Free Zones of UAE.

Free Zones in UAE – Major Highlights

The major highlight of a Free Zone company formation is the 100% foreign ownership, ease of business setup, and the tax savings from VAT while being in a VAT Exempted Free Zone.

Free Zones are the favorite choice of foreign entrepreneurs for company incorporation due to the umpteen business benefits and the ease of setting up a company.

Also, obtaining an investor visa is hassle-free with the Free Zone.

How to Obtain Investor Visa for Free Zone Company?

For Obtaining the investor visa for a Free Zone Company, the following documents are submitted to the respective Free Zone Authority.

• Investor passport copy & photograph (white background)
• Establishment Card for the Company
• Company Trade License
• Memorandum of Association
• Tenancy Contract for the Office
• Bank Statement for 3-6 months

It usually takes 5 to 7 working days to complete the whole process of processing the investor visa.

Starting from applying for the visa to the final stamping of the investor visa on the passport the process is streamlined by the immigration authorities in UAE.

Depending on the Free Zones, the time taken to process the investor visa varies as the schedule of processing the visas differs across the Free Zones.

10-Year and 5-Year Investor Visa (Golden Visa)

UAE Government has launched a long-term Golden Visa to boost the economy and provide a platform for long-term investments in the region.

The long-term investor visa enables entrepreneurs to extend their tenure and expand their business investments in UAE.

There is a set of criteria specified by the UAE Government for the investors to be eligible for the investor visa.

To know more about it, read the criteria for Golden Visa in UAE here.

Other Residence Visas Launched in UAE

To make UAE a global tourist, family-friendly, and business-centric country, UAE Government has a list of specific UAE Residence Visas for individuals from different walks of life.

There a student visa for students studying in UAE colleges with the eligibility to sponsor their parents by meeting specific criteria.

Similarly, there is a retirement visa for ex-pats aged above 55 years subjected to few criteria such as having a financial saving of more than AED 1 million, property investment of value more than AED 2 million, etc.

To know more about various UAE residence Visa and steps in obtaining an investor Visa in UAE, connect with our expert team right away!

Contact Us: Aurion Business Consultants

The post Investor Visa Types in UAE – How Company Formation helps in Settling in UAE with Family? appeared first on AURION.

The lifestyle, business infrastructure, shopping, tourism, etc., makes Dubai a favorite choice for all. Real estate investment in UAE offers the best rental yield when compared with the rest of the world.

Why Dubai is a Popular Choice for Real Estate Investment?

Property investment is a great way to generate a second income. There many reasons why Dubai is a lucrative option for real estate investment.

1. High Rental Yields

Dubai’s real estate market is very matured with high-return properties. It is estimated that yearly rental yields could be in the range of 5-9% of the property price.

 2. Lower Property Prices

Dubai offers one of the lowest property prices per square feet when compared to international markets of the UK, Hong Kong, Network, etc.

3. Property Purchase and Residence Visa

Property investment valued above AED 1 Million enables the investor to get a 3-year residence visa in the UAE.

1. 5-Year Long Term Residence Visa

Investment of AED 5 Million in real estate, the investor is eligible for a 5-year Long term visa. It is to be noted that the property must not be in mortgage or loan and must be owned completely by the investor and retained for 3 years.

2. 10-Year Long Term Residence Visa

Also, as part of Gold Card Visa, an investment of AED 10 Million in real estate and other investments in UAE enables the investor for a 10-year long term visa.

The investment of AED 10 million must be in such a way that 60% of the investment must in other business categories and not real-estate.

4. No Property Tax or Stamp Duty

There are no property taxes or stamp duties applicable in UAE, as in other global markets.  Also, the registration fees and overall property purchase price comes at a much affordable rate depending on the type of apartment and location chosen.

The property purchase process is very streamlined and monitored by the authorities. The investor will have a very peaceful and comfortable property registration in UAE.

Other Investment Opportunities in Dubai

Apart from Property Purchase in UAE for earning rental income, another lucrative investment in the UAE is to open a business in any of the Free zones of UAE at a very affordable rate.

There are a host of profitable business ventures in the UAE to explore. The wide audience base, technology infrastructure, Zero Taxation, availability of skilled labor, networking opportunity, etc., makes UAE the perfect destination to set up your dream company.

Choices Available for setting up your Business in the UAE

There are umpteen choices for setting up of company in the UAE. The free zones of UAE offer various company formation packages for new entrepreneurs to large companies with warehousing and manufacturing facility requirements.

Then, there is the mainland company setup for forming an LLC Company by partnering with a UAE national or appointing a local service agent according to the business activities chosen.

1. Business License from the UAE Freezones

UAE Freezones offers various business license types for investors ranging from services, commercial, and industrial, eCommerce, media, freelance, and more.

One can choose the list of business activities specific to their desired business license category. The company set up in Dubai is a streamlined and hassle-free process. Business Consultants will assist you by choosing the right free zone license and company formation package for you.

2. Choosing a Flexi-Desk Type Office or a Shared Office, or Work-Station

Free zones of UAE offer a wide range of office types based on your requirements ranging from Flexi-desk office space to shared office space and workstation.

The flexibility of choosing an office, 100% foreign ownerships, tax-free stature, 100% profit repatriation, no customs duty, etc., is making Free zone the No.1 choice for entrepreneurs.

3. Renting out a Fully Furnished Office in the Free zone

Based on your business requirement you can choose to rent a fully furnished office in the free zone complex. The free zones of UAE offer exceptional infrastructure and business ecosystem to scale up your company easily.

4. Opening a Business in the Mainland of Dubai

For a business looking at gaining more physical presence in the UAE local market such as retail, education, construction, real-estate, Maintenance & Electricals, healthcare, etc.,

(51% UAE National Shareholding) in the mainland of Dubai is more prospective to gain business and grow faster.

Also, for individuals in the fields of engineering, legal, accounts, doctors, etc., could opt for a professional license from the mainland of Dubai and appoint a local service agent for a yearly fee.

To know more about UAE Free Zone Company Formation and LLC Company Registration, talk to our expert team right away!

The post UAE Real Estate Investment and Company Setup in Dubai appeared first on AURION.