The United Arab Emirates is a tax-free environment with no personal, corporate, capital or profits tax making for simple tax compliance and making it an attractive reason to set up business there.
The United Arab Emirates Cabinet recently approved a regulatory framework for the issuance of 5-year and 10-year visas for international investors and skilled professionals.
The UAE’s residency departments will now start receiving applications and the new visas will allow those in the scientific, medical, entrepreneurial, innovative and technical fields to remain in the country for up to 10 years, as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.
For more information on eligibility for long-term residence visas, visit The Official Portal of the UAE Government.
In September 2018, the UAE Cabinet approved a law to provide retired residents over the age of 55 a long-term visa for a period of 5 years if they meet the eligibility criteria. Find out if you are eligible for a five-year retirement visa.
Through a clear understanding of the individual locations and knowledge of legislation governing each license application, Wilton is able to offer the complete service to support companies in their relocation to the region. Wilton has the ability to assist businesses in establishing a presence in the region, independent of their size or business activity.
The approval of the new long-term visas is a significant step forward and would provide the certainty of a 10 year visa for those who are eligible.