A Dubai residence visa has many benefits, including allowing you to legally reside in the UAE and open bank accounts in the Emirates.
The UAE regularly ranks among the safest countries in the world due to its low crime rates, strict laws and well-organised police work.
The UAE government is interested in attracting talented professionals from other countries to the Emirates. The immigration law of the UAE allows students, employees, entrepreneurs, property owners, as well as freelancers and remote workers to obtain resident visas.
Dirham is the official currency of the United Arab Emirates. The code for this currency according to the ISO 4217 standard is AED; its subdivision currency is called fils (there are 100 fils in 1 dirham).
Dubai has a modern and technologically advanced public transport system. The Dubai metro is famous all over the world: it is fully automated and does not require a driver; most of the metro lines are on the surface.
Despite the fact that foreigners make up more than 80 percent of the UAE’s population, it is very difficult for a foreigner to obtain citizenship in Dubai.
In September 2022, the UAE government released a set of new tax residency criteria that will come into effect on 1 March 2023. In this article, we will tell you all about the new tax residency rules for individuals and companies, as well as how to get a tax residency certificate in the UAE.
Kirill approached Tranio with a request to find investment property in Dubai. He had already been living in two cities — Moscow and Dubai — for the past few years. This spring, our client made the final decision to settle in the UAE, buy an apartment there and relocate his business to the Emirates.
In April, due to a particularly high demand the UAE government relaxed a number of rules regarding the issuance of residence permits to foreigners.
Many foreigners buy property in Dubai during the construction phase in order to benefit from the growth of its value after the building’s commission. Tranio's client Stanislav did the same and chose for his investment an under-construction project Safa Two by DAMAC. Stanislav bought four apartments worth several million US dollars and closed the deal remotely.
A Dubai residence visa is similar to a residence permit and allows you to stay legally in the UAE for a long time for work, study or business purposes.
The UAE is known for its liberal taxation system. Low taxes and no income tax have become yet another reason why Dubai turned into one of the financial centres of the Middle East and continues to attract entrepreneurs from all over the world.
Initially, Maria and Arthur viewed Dubai only as one of possible locations where they could invest in real estate and earn high yields.
Dubai and Abu Dhabi are two of the UAE’s largest cities that are the most popular among international investors. In general, Dubai is more attractive for expats who account for about 85% of its population. Abu Dhabi, in its turn, is more often сhosen for property investment by Emirati nationals and those from the neighbouring Gulf countries.
Dubai is the capital of the eponymous emirate, the largest of the seven emirates of the country in terms of population. The city is home to 3.5 million people. Notably, about 85% of Dubai’s residents are expats.