The benefits of getting a passport by investment in Dubai include freedom of mobility and tax considerations. While this chimes with reports from other agencies, it is clear that many people are seeking a new nationality for a variety of reasons, including safety, wealth preservation, a reliable government, and quality of life. Many people also seek new citizenship for tax reasons, as some jurisdictions offer low-income tax rates and do not have residency requirements. Non-domiciled status is also possible for investment migrants.
Investing in real estate:
The UAE provides several residency and investment visas for foreigners. You must make a public investment of AED10 million to qualify for a residency visa. You also need to demonstrate that you can earn AED10 000 per month. This residency visa lasts for three years and can be renewed. For an investment visa in the UAE, you can also bring your family members and your partner along.
The residency visa program requires real estate investors to invest in a UAE property. To obtain a residency visa in the UAE, you must own a property worth AED1 million or more. To be eligible, you must own at least 50% of the property’s value. For a property valued at more than AED2 million, you must invest at least AED1 million.
Requirements for obtaining a residency visa:
One of the requirements for obtaining a residency visa in Dubai is to invest in real estate. If you have a substantial amount of money to invest in real estate, this may be the best route for you. Foreign enterprisers often invest in real estate in Dubai. To receive this visa, you must purchase at least a property worth AED one million ($275,000) in Dubai. Although the visa provides the right to live and work in Dubai, it does not allow you to start your own business in the UAE.
Requirements for obtaining a passport by investment:
To qualify, foreign investors need to invest in property in the United Arab Emirates. The UAE government has a ‘golden’ visa program that gives certain professionals and degree holders a 10-year residency. The government has also introduced an a’remote worker’ visa and a five-year retirement visa, although these two require a salary requirement. Obtaining citizenship allows an investor to have a stake in the UAE, making it a desirable option for many expats.