Published at: 08/08/2022 11:58 am
2022 is the year of the United Arab Emirates. Businesses and wealthy individuals are flowing in enormous numbers to become residents of the tax-free financial centre.
Recently, wealth and billionaires are flowing from the war-torn Russian and Ukraine, but the Emirates is a traditional safe haven for the wealthy.
There are more than 40 (tax-) Free Zones in the United Arab Emirates, and several new are under construction. The Emirates is developing very quickly, adopting more and more modern elements to increase the quality of life. The mood changed completely, and now the wealthy nation wants to keep the international talents who work there or decide to become residents. It's not a coincidence that in 2022 Dubai looks like the most popular safe jurisdiction for obtaining a residency or registering a no-tax company.
Interestingly, registering a company and becoming a resident in the Emirates is not dramatically expensive because the program's objective is to bring experience, knowledge and even more business into the Arabic country. The price range is from €20,450 to €22,450, depending on the service needed and the number of family members who will obtain the resident status together. The rules and requirements are straightforward and flexible. You must register a company, and this act allows you and your family to become residents. By the way, you do not have to reside in the Emirates, but to maintain your status, you must visit the country once every 180 days.
You can read here all the detailed requirements of the UAE residency by business registration scheme.
The first step is setting up a consultation with one of our experts and obtaining all the practical knowledge. When you are ready to go ahead, our local office will hold your hand through the entire process.