This Middle Eastern country possesses the highest standard of living in the world, a stable political system, favorable conditions for doing business, strong economy, comfort and security. Majestic skyscrapers, luxury hotels and shopping malls, beaches, summertime are present all year round. Building a business career in the UAE is prestigious.
The UAE possesses a very vast, flourishing real estate market, and lots of buyers have rushed there. It should be marked that the rental market in Dubai is very steady and gives a high return on investment. People receive good rental income or benefit from resale once bought real estate. Moreover, taxation policy is mild and favorable. Thus, it provides a very comfortable environment for the growth of richness and secure opportunities for investing.
The UAE has robust economy, business friendly environment, and perspectives for development. The major drivers of economy are petroleum, natural gas, and oil.
There is no personal income tax for individuals. They also do not pay taxes on dividends, wealth, inheritance, gifts and capital gains.
Regarding real estate purchase tax, there are two types of taxes: a transfer fee and a registration fee. The price depends on the Emirate and the cost of the property. One has to pay AED 2,000 for property worth less than AED 500,000, and AED 4,000 for that of more than AED 500,000. After buying, one is due to obtain an ownership certificate.
There is no property tax in the UAE. Owners pay only an annual fee for the maintenance of property. It ranges between USD 15 and USD 60 per m2.
Corporate tax is at 9% rate. It applies to companies earning more than AED 375,000 per year.
VAT is 5%. A company has to register as a VAT payer with the Federal Tax Authority and pay this tax in case the income is more than AED 375,000 per year.
It should be marked that if registered in the UAE Free Zones (they count 45 zones), corporate tax is not levied for the first 15-50 years, and no VAT.
It is widely known that many wealthy people all over the world have preferred to keep assets abroad. Destination usually ranged from the Cayman Islands, the British Virgin Islands, Switzerland. However, now that things changed, Abu Dhabi is gradually acquiring popularity among high net worth individuals, Bloomberg writes.
New rules for the issuance and use of "golden" residence permits and the UAE's so-called "green visa" have come into force.
The UAE is very popular among entrepreneurs, investors, coming in search for lucrative spot for their businesses. The country is number one on the Global Entrepreneurship Monitor Index. It is a secular state and a civil law jurisdiction.
In the UAE, a company can be started in any of three jurisdictions: Mainland, Free Zone, Offshore.
Apart from numerous tax benefits, the UAE has dozens of free economic zones (FEZ) with special tax regimes. Owners of such companies do not pay corporate tax, VAT, and taxes on import and export. Each FEZ has its own specialization.
Normal series of steps to open a company:
Banking assistance (local and offshore accounts)
Exclusive real estate services
Proof of address (Lease Agreement + Utility bill)
Company registration/incorporation (local and offshore companies)
Tax Identification Number
Getting a driver's license
In addition to fulfilment of programme conditions, an investor should meet these requirements:
Get consultancy from our specialists and make a contract with One World Migration. It is important to choose carefully the investment project and management company in order to have a significant and guaranteed ROI.
Choose the real estate, make the payment, get the title deed. All the process can be done remotely and many there are many ways for tax optimization and transactions security.
Collect all necessary documents for residency. We are ready to support with collecting all the documents, making translations, notarizations and apostille if it is necessary. Submit the file for residency ID.
Visit UAE for fingerprinting and medical test. This is the unique step cannot be done remotely and the presence of the applicant is mandatory.
Receive Emirates ID. We deliver it worldwide.
Documents to be received by client:
ID card for 2 years.
Processing time: 15 working days.
Family members eligible to apply:
Get consultancy from our experts identify business activity and select an appropriate legal form. Mainland, free zone or offshore zone - choosing the zone is an important step for further tax optimization and business growth. UAE has strong AML/KYS policies by type of business and it can affect substantially the business operations in the future.
Collect all necessary documents for opening a company, choose the name of the company and type of business. Obtain approvals and licenses, register with the Dubai Department of Economy and Tourism (DET), register your business with the Dubai Municipality.
Open a corporate bank account.
Collect all necessary documents for residency. We are ready to support with collecting all the documents, making translations, notarizations and apostille, upon request. Submit the file for residency ID.
Visit UAE for fingerprinting and medical test. This is the unique step cannot be done remotely and the presence of the applicant is mandatory.
Receive Emirates ID. We deliver it worldwide.
Documents to be received by clients after obtaining residency are:
Get consultancy from our specialists and make a contract with One World Migration. It is important to choose carefully the investment project and management company in order to have a significant and guaranteed ROI.
Choose the real estate, make the payment, get the title deed. All the process can be done remotely and many there are many ways for tax optimization and transactions security.
Collect all necessary documents for residency. We are ready to support with collecting all the documents, making translations, notarizations and apostille if it is necessary. Submit the file for residency ID.
Visit UAE for fingerprinting and medical test. This is the unique step cannot be done remotely and the presence of the applicant is mandatory.
Receive Emirates ID. We deliver it worldwide.
Documents to be received by client:
ID card for 10 years.
Processing time: 15 working days.
Family members eligible to apply:
I thank One World Migration for the opportunity to move to Turkey with their help. I looked for a freelance job option for myself for quite some time, so that I could move to another country.
I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
A spouse, kids under 18, above 18, if a boy - under 21, but must be dependent from parents and not married, if a girl – no age limits, but has to be dependent and not married.
One World CEO Anastasia Barna discusses the inherent risks of the “financing scheme” within the Caribbean Citizenship by Investment (CBI) real estate option.
Four of five Caribbean countries with CBI programs, namely Antigua and Barbuda, Grenada, Dominica, Saint Kitts & Nevis, signed a memorandum of understanding (MoU) to set the minimum threshold to $200,000 and collaborate on specific aspects.
With Turkiye you will have an opportunity to come one step closer to the business and real estate market in Eurasia, that is full of entrepreneurial opportunities and innovative ideas. The country boarders with a great range of countries, thus, suggesting new opportunities to people for efficient entrepreneurship and business development.
