Not as simple as that.I don’t think this option is available yet. Maybe mid year it will be formalised. It may however be a good idea to incorporate local LLC with local partner at 51% and just get rid of him once the new law is in place.
Yes, they are but it won't entitle you to all the benefits of an Emirati but it definitely a fantastic passport, tax free and in a more desirable destination for Europeans, Africans.Not related directly but things are changing they announced citizenship by investment program yesterday. I'm expecting at least $1-2M real estate investment requirement but you will have the best zero tax passport in the world and you can be "local" in the near future
The exact requirements still not announced but probably there will be no Arabic requirement. The main point of this new law is to increase cash flow to the UAE real estate market but we will see the exact requirements soon.And you better start learning Arabic if you even want to be considered for UAE passport