It is widely known that entrepreneurs and private individuals often consider the possibility of obtaining a residence permit overseas. The reasons for it can be different: instability in a country of permanent residence, unfavourable economic situation, taxation issues or simple wish to change a place of residence to a more comfortable one.
One of the best and fastest options for obtaining a residence permit is to receive it through investments. Since the last decade many countries have begun to offer various programs for obtaining a residence permit over purchasing real estate or securities in a target country. For example, when purchasing property or investing some funds to such countries as Spain, Portugal, Cyprus, Latvia, etc. an investor gets the possibility to obtain a residence permit.
Besides, it is very important to remember, that in the majority of European countries, as soon as You receive a residence permit, You are considered not only as a permanent resident, but also as a tax resident with the following aftereffects.
The average investments required for obtaining a resident status over investments into real estate are from 300.000 to 1 million Euros. The total procedure for obtaining the residence permit can take 6 months or more.
Obtaining the UAE residence permit over investments – fast, safe, efficient
There are two possible ways of obtaining a residence permit in the UAE over investments: either over purchasing a real estate or over company registration. Let us consider both options.
The first option is the purchase of the residential property. To meet the required criteria, the cost of the purchased property must be at least 1 million dirham (around 273.000 USD). The acquisition of real estate in the UAE takes only a couple of weeks. To compare it with European countries - only the registration of real estate usually takes more than a couple of months.
As soon as the property is purchased, it is time to apply for the residence permit. The entire process takes on average 2-4 weeks. Thus, from the beginning to the end of the procedure of obtaining the UAE residence permit over investments in real estate, you will need about one and a half months only.
Note: In Europe only for the registration of ownership of real estate more time is needed. Thus the European solution takes in total half a year or more.
The second option is over the registration of your own company in the UAE. If registering a company, you get the status of the investor with the right to obtain the residence permit. The entire process of both the company registration and obtaining the residence permit takes 3-4 weeks. What is important, if having registered a company in the UAE, it is not required to carry out any factual business activities through this company. However, if you have such requirement — this company is the best option for your business as it is completely tax-free.
In fact, this option is unique, as no other developed and attractive country offers such a advantageous and comparatively cost-effective option for obtaining the residence permit over a company.
Having become a resident of the UAE via investments, you also get the possibility of obtaining this status for your family members. Besides, the status of the permanent resident of the United Arab Emirates is no subject to any risks concerning taxation, as the natural persons do not have to pay taxes in the UAE.