Your Options for Tax Free Residency in UAE (Dubai)
Are you looking for a tax free residency in the UAE, specifically in Dubai? Well, this video will provide you with the options available to you.
The first option is to invest in a property in Dubai. The cost of a property in Dubai is relatively high, but it can be a great asset and provide you with tax free residency. You will need to meet certain criteria before being able to purchase property, such as having an income of at least AED 120,000 per year.
The second option is to invest in a business in Dubai. This is a great way to gain tax free residency in the UAE, however, it can be very expensive and time consuming. You will need to have a minimum capital of AED 300,000 and you will need to set up a business in one of the free zones.
The third option is to open a bank account in Dubai. This is a great way to gain tax free residency in the UAE, as you will be able to access a wide range of banking services. You will need to open a bank account with a minimum balance of AED 10,000 in order to get a UAE residence visa.
The final option is to apply for a residence visa through the Dubai government. This is a great way to gain tax free residency in the UAE as you will be able to access a wide range of services and benefits. You will need to provide a number of documents to the Dubai government in order to be eligible for the visa.
These are the four options you have for gaining tax free residency in the UAE, specifically in Dubai. It is important to remember that each option has its own requirements and benefits, so it is important to research and understand each option before making a decision.