UAE announces new entry and residency rules

[troubled soul]

UAE announces new entry and residency rules

Game changer
2 million aed in real estate and get golden visa.
Green visa for 5 year with company registration

 

[JohnDones]

UAE announces new entry and residency rules

Game changer
2 million aed in real estate and get golden visa.
Green visa for 5 year with company registration

Was company registration 2 years visa before?

 

[Dandyline]

Was company registration 2 years visa before?

3 years.

 

[darkred]

If you have the Golden visa that means residency is not voided even if you stay longer than 6 months outside UAE?

 

[calnana]

Do banks prefer “normal” company sponsored visas over golden visas when it comes to stuff like crs? Or are you considered uae tax resident (from the bank’s point of view) with both visas?

 

[troubled soul]

Was company registration 2 years visa before?

Yes

If you have the Golden visa that means residency is not voided even if you stay longer than 6 months outside UAE?

Yes

 

[KDX]

Does this change anything? It seems that so many of those visas have high requirements compared to the current scheme of forming a FZ entity.. Is there some kind of catch here?

@Fred Do you think there will be changes to the residency by FZCO formation?

 

[Fred]

Too early to say anything.

In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank accounts.

The validation period of the Residence Visa is for sure no indication a bank is following - it's the comfort of instead of every 3 years to make the renewal every 5 years - that's it.

 

[troubled soul]

 

[calnana]

In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank

This is exactly the important point to be aware of. Getting a 5/10 year golden visa through investment sounds attractive, but not if it will making banking more annoying or mess with your current set up (that’s working just fine).

If they allow you to keep the designation your current setup already provides, then it’s another story.

 

[JohnDones]

Too early to say anything.

In fact the designation on the Visa remains the same - employee, investor etc. per definition investor doesn't have salary - high risk for the banks on source of funds and takes longer to open personal bank accounts.

The validation period of the Residence Visa is for sure no indication a bank is following - it's the comfort of instead of every 3 years to make the renewal every 5 years - that's it.

Do you mean the investor doesn't have a salary from a FZ company? But can have foreign salary?

 

[BlueMist]

If you have the Golden visa that means residency is not voided even if you stay longer than 6 months outside UAE?

Yes

It is voided. That's why for self employed executives I see no real benefits of golden visa vs company sponsorship visa.

 

[troubled soul]

New UAE visa reforms to go into effect later this year​

https://www.khaleejtimes.com/visa-a...visa-scheme-icp-announces-implementation-date

 

[lacomaco]

This is like the increase of corporate taxes in June - you need a lot of details to understand and comply

 

[clemens]

This is like the increase of corporate taxes in June - you need a lot of details to understand and comply

that is true but it would be of interest to learn how this works in real live. What I believe it that the official written laws and the reality are two different things.

 

[JackAlabama]

This is like the increase of corporate taxes in June - you need a lot of details to understand and comply

The question is if they really do need this taxes or is it just a way to please the emerging world regulators?

 

[troubled soul]

New UAE visas to come into force from next month: All you need to know
https://www.khaleejtimes.com/visa-a...to-force-from-next-month-all-you-need-to-know