UAE Tax residency obtaining in 2020

UAE Tax residency obtaining in 2020

In the United Arab Emirates, you have several ways to obtain resident status, it can be opening a company, investment, employment, and others.

If you are planning to obtain residency by investing, then the UAE may be one of the most attractive options for you.

If you are considering ways in addition to investing, then the United Arab Emirates will also be able to offer very favorable conditions for obtaining tax resident status. For example, by registering a company in the UAE, you can not only obtain residence yourself, but your family members and employees will also be able to apply for resident visas. The cost of business registration and visa processing starts from 7 thousand dollars. It should be noted that the enterprise is not obliged to carry out activities.

Let's move on to the advantages of the United Arab Emirates, given the absence of taxes.

Today,due to the provision of measures to curb the spread of the coronavirus, are beginning to open borders and welcome guests with more pleasant conditions in terms of the costs associated with tax residency.

What can Dubai offer to investors?

Dubai offers investors, for a relatively small investment, to become a tax resident and enjoy life in one of the most beautiful places in the world.

You can get a golden visa as a foreign citizen with an investment of $ 272,000 in the real estate sector.

Let's see what does “tax resident” mean?

It should be immediately clear that the words “tax residency” can have different meanings for a person who was born in the country and a person who received this status by forming a company, investing or otherwise.

The country of tax residency is where you must pay taxes on your income.

What are the differences between a citizen and a tax resident?

You can often see how these 2 concepts are used, as interchangeable, but this is incorrect.

A citizen is a person who belongs to the country in question, and a resident is a person who lives and works in any area.