UAE Passport By Investment- Why People Are Attracted Towards Making This Investment
Obtaining a UAE passport is an excellent way to travel around the world. Moreover, UAE passport is considered one of the most desirable in the world. For this reason, the country is extending citizenship opportunities to a few foreign nationals, such as businessmen, intellectuals, artists, talent, and investors. This information might be useful if you consider a passport by investment in Dubai.
Investing in real estate allows you to apply for a residency visa:
You can apply for a residency visa if you plan to invest in real estate in Dubai. Depending on the type of investment, you can get a residence visa for one, two, or three years. The visa is also good for your spouse and children. If you plan to invest in real estate for longer, you can extend the residency visa for yourself and your family.
UAE government introduced a new long-term residence visa system in 2019. This visa type allows foreigners to live in the country without a national sponsor and own 100% of a business in UAE mainland. These visas are automatically renewed, and you can extend your stay in the country for as long as possible. To apply for the visa, you must first invest in a property in UAE with a value of at least AED 1 million. You must also maintain the property for three years.
Enable you to live in the country for a long time:
Getting UAE citizenship is not as difficult as you might think. By making the right investment in a property in UAE, you can easily qualify for a residency permit, enabling you to live in the country for a long time. This will allow you to enjoy various benefits, including the right to work in UAE, visa-free travel to more than 100 countries, and retirement plans that begin at age 49.
Allow foreigners to contribute to the development of the country:
The government of UAE has reformed its citizenship laws to make it easier for foreign nationals to obtain their nationality. This allows them to contribute to the development of the country. UAE offers a high standard of living, while the government does not burden businesses with heavy taxes. It is also considered one of the safest cities in the world.