The United Arab Emirates (UAE) is frequently ranked among the top countries in the world due to its economic stability, standard of living, and security. The country’s wealth has, for decades, not only relied on oil, as often assumed. In Dubai, for example, income from oil-related business account for less than 10% of its GDP.
The UAE offers residence visas to business owners operating in either a UAE Freezone or the Mainland, providing them with the opportunity to live and gain residency in the UAE. Offshore companies, while offering advantages, does not grant residency visas to business owners.
Obtaining UAE residency unlocks a multitude of advantages for entrepreneurs and individuals seeking a vibrant and business-friendly environment. Here are some key highlights:
- Hassle-Free Business Setup: No initial investment is required to gain residency through company formation. Simply establish your business within the UAE.
- Tax-Friendly Environment: Establishing a company in a UAE free zone offers significant tax benefits, including 0% income and lowest corporation tax. Also, you can enjoy 100% foreign ownership and profit repatriation.
- Thriving Business Hub: The UAE boasts a dynamic and fast-growing economy, coupled with world-class infrastructure, creating an ideal environment for residency and business success.
- Family Sponsorship: Extend the benefits to your spouse and children, allowing them to enjoy the same advantages.
- No Local Partner Needed: Unlike some other jurisdictions, setting up a business in the UAE doesn’t require a local partner.
- Simplified Banking: Residents have the freedom to open personal or corporate bank accounts at any UAE location, with no minimum balance restrictions.
- Enhanced Financial Flexibility: Gain residency and access to financing options from local UAE banks. This can support your investment goals.
- Property Ownership Opportunities: Eligible to purchase property in the UAE, opening doors to potential investment opportunities.
- Visa-Free Travel Opportunities: Enjoy visa-free access to a multitude of destinations as a UAE resident.
Navigating this Journey with Trinity Group
The company setup landscape in the UAE is constantly evolving, with new laws impacting business structures, documentation, and licenses. Trinity Group offers clear and transparent advice to guide you through these complexities.
We’re here to help.
- Contact us at +971 4 447 8931
- Email us at companyformation@trinitygroup.eu
