The United Arab Emirates provides residence visas for foreign owners and management of UAE Free zone and Mainland Companies as well as for investors, providing for the opportunity to live in the UAE, becoming a tax resident of a 0% tax regime.
- Entering the country through e-gates at the airports, without waiting in passport control lines (requires additional e-gate card);
- Opening personal bank accounts in the UAE;
- Applying for personal loans from UAE banks, including car loans;
- Applying for UAE driving licence;
- Getting a local mobile phone subscription (contrary to pay-as-you-go);
- Access to government health services and local health insurance;
- Registering children in government schools and private schools;
- Working in the UAE (with the need for an additional working permit);
- Ability to act as a sponsor for the foreign resident’s family;
- Traveling visa-free to some destination;
- Zero taxation on any kind of personal income;
- Full repatriation of the capital and profits;
- No transmission of financial and fiscal data to any other country;
- The Emirates ID serves as official person identification document within the UAE, no need to carry your passport with UAE visa with you;
- Using the Emirates ID Card for many types of transactions (fuel at certain companies’ fuel stations, insurance services, health services, and many more);
- Foreign residents holding an Emirates ID are not obliged to live in the Emirate that issued the ID but can reside in any Emirate of the UAE.
How to get Residency Visa
There are three alternative criteria that qualify for residence visas and thus for fiscal residency:
- Incorporating a?Freezone company,
- Incorporating an?Onshore company,
- Golden Visa depending on category
- Green Visa depending on category
- Employment Visa
- All UAE visa except golden visa and green visa are valid for 2years.
- It is not required to continuously stay in the UAE in order to maintain a residence visa. Visiting the UAE at least every 180 days is sufficient to keep the UAE Residence Visa.
