Types of Law in Ethiopia
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4th December 2022

Our company offers comprehensive assistance in obtaining UAE residency in both categories – real estate purchase and your own business. For any other questions regarding obtaining permanent resident status in the United Arab Emirates, write to us or call us using our contact details on our website. Before staying permanently in the UAE, we need to quickly summarize the standard residency options. Unlike a tourist visa, standard residency visa classes allow you to have a two-year residence permit, which you can extend indefinitely. Our business start-up consultants in Dubai can advise you on the main ways to obtain residency in the emirate or any other part of the UAE. With extensive experience in various business matters, you can also count on our specialists if you need help opening a business in Dubai. There are 2 reliable options for this category of people in order to obtain residency status in the UAE. If you don`t qualify for the ten-year long-term visa, don`t worry. Options are available for five years. Who can enjoy the benefits of five years of permanent residence in the United Arab Emirates? Let`s get started: freelancing, as a form of employment, has gained popularity around the world in recent years, especially among millennials. The UAE is trying to keep up with global trends and offers foreigners the opportunity to obtain residency, legally working in the country, as a registered freelancer. The advantages – no investment required to become a homeowner in Dubai. The residence visa of this type is issued for a longer period – 3 years.

In addition, this visa offers the opportunity to do business in the territory of the United Arab Emirates. To boost the economy, the United Arab Emirates on Sunday announced a massive plan to relax strict residency rules for expats as the country seeks to clean up its finances and attract foreign residents and capital. The first option is to stay in the UAE – buying and owning a property, office or apartment. In order to have the right to apply for documents for Dubai residence visa status through this category, the property must be completed, i.e. their construction must be completed, and the value of this property must not be less than 1 million dirhams per person, or about 273,000 USD (they take into account the total value of property owned by a foreigner in the UAE). The requirements for obtaining a residence permit in Dubai are no longer as strict, which is why the number of foreigners moving to the UAE has increased. The government also encourages foreign citizens to settle here for business or business reasons through various incentives. Here`s an infographic about it: The downside of this solution – the cost of company registration, where these expenses are insignificant compared to expenses for resident status as a shareholder in other developed countries.

Based on the above advantages and disadvantages, the majority chooses the second option to apply for permanent residence in the UAE – by registering a company. The validity of a residence visa obtained by setting up a company in Dubai is three years and can be extended. Our business formation representatives in Dubai can assist you with the documents related to opening businesses in the emirate or any of its free zones. We can also help you obtain residency in the United Arab Emirates. Doha has also opened its real estate market to foreigners, with a program that gives those who buy homes or businesses the right to longer-term or permanent residency. In addition to the corresponding application form, a foreigner applying for residency in Dubai must also provide copies of a valid passport, birth certificate, driver`s license and marriage certificate. The applicant must also submit copies after all qualifications. It is also possible that the authorities may request information on previous work experience and references to former employers. The UAE is one of the most attractive countries in the world for business start-ups and residency. What makes life in the UAE so attractive? Its main advantages include tax-exempt status, high quality of life, excellent business development opportunities both on the continent and in the dozens of free trade zones and, of course, economic and political stability. In 2018, the UAE government changed some of the requirements for obtaining residency in Dubai.

Under the new conditions, foreign citizens who apply for a residence permit in Dubai on the basis of an employment contract will also have to present a certificate of good conduct, which must be obtained from their country of residence. In the case of persons changing jobs, this certificate is not required. The second way to become a resident of the United Arab Emirates – by registering your own business. This company is registered in one of the UAE`s free zones and grants the right to apply for UAE residency documents as a shareholder of a company. Such a company offers shareholders not only residence, but also, if necessary, such an option for its employees. Note – the fact is that although you do not have to do business through this company in order to obtain residency status, you can also use it effectively to do business and enjoy all the benefits of tax exemption for these companies. Soon, the first 6800 foreigners, who have invested a total of more than 100 billion dirhams in the UAE economy, will receive this new permanent residence. It should be noted that not all residency regulations apply to foreign citizens moving to a free trade zone in Dubai. The free zone authorities are responsible for issuing residence permits in Dubai, which are easier and faster to obtain. We can guide you through all the steps to get the necessary documents until you find the house of your dreams and even champagne in the fridge waiting for you when you turn the key.

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