Due to the production and sale of oil in the middle of the century, foreign investments poured out in the country, and after them – foreign labor. And still, the country does not stop in its development: All this determines the current situation in the modern labor market of the Arab Emirates.
Opportunities that open up when moving to the UAE
Equal rights with local people
By obtaining residency, you get equal conditions for living and doing business in the local market.
Ease of immigration procedures
Opening an onshore company will provide residency in the UAE without additional procedures.
Comfortable conditions for living and doing business
The low crime rate, good infrastructure, and transparent legal system.
There is no foreign exchange control in the country; conditions for free deposit and withdrawal of capital are provided.
Protection of foreign investments and the personal data of shareholders is guaranteed.
Duty-free deals under free trade agreements in the region
How can an individual move to the UAE?
You must apply for a resident visa for permanent residence. Visas for your family are issued based on the documents provided: birth certificates of children and marriage certificates.
There are several reasons for obtaining a resident visa:
- Register an onshore company
Obtain residency as the owner of a local or free zone structure
- Become an investor in business projects
Make investments become a partner in an existing company
- Invest in real estate
Real estate ownership can be the basis for obtaining residency.
How to transfer your business to the UAE?
Open a new legal entity or register a subsidiary, the form of ownership of which is determined by the purpose of relocation (expansion of an existing business to the Emirates market and finding a target audience or for tax reasons), taking into account international agreements with the countries of interest.
Register a company and undergo licensing
Any onshore structure: Mainland or FEZ company, obtains a business license for activities.
Open a branch / representative office in the UAE
Obtain approval from the Ministry of Economy for a license for a branch or representative office.
Move the control center of the holding to the UAE
Register an onshore parent company, ESR (Confirm Economic Presence).
The uniqueness of business immigration in the UAE
A residence permit is issued for three years renewable. There are 5 and 10-year visas.
Residence without residency
There are no requirements for permanent residence in the UAE – it is enough to “fly-in” once every 180 days.
Obtaining tax residency
When several conditions are met for obtaining certificates confirming the status.
No tax implications
The presence of the status of a resident of the United Arab Emirates does not require the payment of taxes to individuals, due to their complete absence in the UAE.
Access to financial services
All residents have the opportunity to open accounts in banks of the Emirates, make investments, get access to lending.
Protection of information on assets
The legislation confirms the absence of automatic exchange of tax information on the accounts of residents and their property.