Establishing a business in the United Arab Emirates involves following a series of important steps to ensure full compliance with local regulations and legal requirements. Determine the Economic Activity: The foundation of any business starts with identifying the economic activity. Investors must choose the appropriate activity, as this will affect the type of license required, whether commercial, industrial, professional, or otherwise.
The UAE government has updated the eligibility criteria for real estate investors, eliminating the previous requirement of an initial payment of at least AED 1 million for obtaining a Golden Visa. According to recent reports, property owners with assets valued over AED 2 million who choose a payment plan or mortgage can now apply for a 10-year residency visa without needing to make an upfront payment.
The UAE Cabinet, during its recent meeting, approved a new category of long-term residency in the country. This residency, named "Blue Residency," is specifically for environmental advocates. This visa represents the first long-term residency of 10 years granted to individuals who support environmental protection.
