THE UNITED ARAB EMIRATES IS A COUNTRY WITH TREMENDOUS WEALTH. WITH A POPULATION OF 9.5 MILLION PEOPLE, IT IS GROWING INTO A TOP-TIER GLOBAL ECONOMY THAT IS WELCOMING MORE AND MORE FOREIGN INVESTORS.
122 COUNTRIES WITH
UNITED ARAB EMIRATES CITIZENSHIP
UAE DIRHAM (AED)
PERSONAL NET WORTH
The United Arab Emirates offers very attractive benefits to investors seeking temporary residency. No corporate tax or income tax, no property or capital gains tax, no foreign exchange controls. What’s more, the country boasts state-of-the-art health and education facilities, as well as a high standard of living.
While citizenship is currently not an option for immigrant investors, the UAE is considering making an interesting policy change that would allow immigrant investors to acquire a longer-term visa.
Currently, three-year renewable investor visas are granted to those investing in designated ‘free zone’ businesses or real estate.
The Investor Visa option establishes no minimum investments for temporary residency. Immigrant investors are required to show that their financial situation allows them to make a significant investment in a new or existing USE business, which must be located in a designated free zone. An investment made in a business located outside of such free zones requires a UAR partner holding 51% of the business.
The real estate option opens the door to tax-free profits and capital gains. The requirements are as follows: the value of the property must be of at least 1,000,000 AED and the investor must show proof of a monthly income of at least 10,000 AED.
A deposit of 10,000 AED or 20,000 AED (depending on the type of investment) must be made in order to be eligible to obtain an investor visa.
However, the real estate option is more restrictive. First, you are not allowed to be employed. Second, your property must be mortgage-free. That said, the UAE recently granted some foreign investors mortgage-like loans.
Interesting fact: Complimentary passports sometimes accompany real estate purchases, thus giving UAE citizens access to a less restrictive visa-free travel passport.
When granted a visa, your spouse and dependant children are also included. You must provide proof of medical insurance and financial documentation showing you are able to support your family. When the time comes to renew your visa, you will have to exit the country and go through a process that can take up to two months. Besides logistics and financial considerations, foreign investors should not underestimate the cultural adjustments that such a choice may involve. Certain social restrictions based on the rule of strict Islamic law are to be considered closely.
Immigrant investor programs are sprouting up all around the world in the hopes of attracting foreign investors. Quantity does not, however, translate into quality. That said, keen expertise that is in tune with global changes and trends is an extremely valuable and crucial asset when engaging in such complex endeavours and when assessing the plethora of available options. Our immigrant investor programs simplify matters to enable you to make well-informed choices that are right for you, according to your specific needs and aspirations.