The United Arab Emirates has quickly emerged as a top choice for European investors and entrepreneurs looking for a strategic location for both business and residence. The Emirates offers Europeans an enticing route to residency through company formation, thanks to its robust economy, tax incentives, and streamlined business environment.
In this blog, we have outlined the various methods by which Europeans can obtain UAE residency through the establishment of enterprises, the available visa alternatives, the eligibility requirements, and detailed instructions for transforming business aspirations into UAE residency.
Here’s your guide to getting a UAE residency through company formation Europe –
What Are The Benefits of Opting For UAE Residency Through Company Formation?
The UAE’s advantageous location, business-friendly laws, and lack of personal income tax are attracting more and more Europeans. Furthermore, the UAE government has made it possible for international business owners to reside and work lawfully in the country by introducing a number of visa alternatives specifically designed for investors and entrepreneurs. Europeans can acquire residency permits directly related to their ownership in the UAE mainland company or free zones by taking advantage of the country’s residency-by-investment and company ownership regulations. Also, if you are a shareholder of a company, you are eligible for a residence visa.
What Are The Types of UAE Residency You Get Through Company Formation?
There are a few types of visas through company formation Europe that you can obtain. Some of them include:
Investor or Partner Visa: People who own stock in UAE companies (mainland or free zone) are eligible for an investor/partner visa. The investor and their family are granted an entry permit and residency rights with this visa, which is valid for two to three years and is renewable. This is one of the most common visas in the UAE.
Golden Visa: Typically requiring a minimum investment of AED 2 million* or demonstrating a substantial contribution through company innovation, the Golden Visa in Dubai or elsewhere in the UAE is a long-term resident visa that is good for up to 10 years. This way, becoming a resident in the UAE has become comparatively simpler than before.
Green Card or Freelance Visa: Certain entrepreneurs with a business in the UAE and freelancers in particular industries are eligible for the Green Residence Visa and the Freelance Visa.
Who Is Eligible For UAE Residency Through Company Formation Europe?
For Europeans to be eligible for residency through company formation Europe, they usually need to:
- Own or possess stock in a company that is registered in the UAE’s free zones or mainland (offshore businesses often do not qualify for visa sponsorship).
- Obtain a current trade license from the free zone authorities or the Department of Economic Development (DED).
- Demonstrate that you have the money to cover your personal and professional expenses.
- Finalize security clearance, biometric registration, and medical fitness exams.
- Obtain the right kind of health insurance for themselves and any dependents.
Steps For Obtaining UAE Residency
Here is a step-by-step guide to getting a UAE residence visa through company formation in the Emirates. Follow these steps if you want a hassle-free residence permit with a business setup.
Choosing the Jurisdiction and Location
For obtaining a residence permit in the UAE, the first step is choosing a suitable jurisdiction or location for your company. Select between the mainland and free zone authorities in the UAE. While free zones offer a more simplified company setup process and 100% foreign ownership, the mainland allows easy access to the thriving business market in the Emirates.
Registration of Your Company
The first step is to register a company. Get preliminary approvals, file legal paperwork (copies of your passport, your memorandum of agreement, your office lease, etc.), and finish the company’s establishment. This procedure can frequently be carried out from overseas.
Select The Right License Type
The UAE offers different types of licenses based on your business activities. You can choose the one that suits your business goals best. Also, you need to submit the appropriate documents for the required license.
Apply for Entry Visa
After the business has been registered, apply for a permit to enter the United Arab Emirates in order to process residence.
Thorough Checkup
Comprehensive security, biometric, and medical checks. Complete the required health test and provide biometric information to receive an Emirates ID.
Apply for a Residency Visa
When applying for a residency visa by setting up a business, make sure to include all necessary paperwork, such as your business license, incorporation certificate, health insurance, and evidence of your financial stability.
Family Sponsorship
Once residency has been granted, the visa holder may sponsor spouses, kids, and occasionally parents for UAE resident visas.
How Much Time Does It Take To Get a Residency Through Company Formation?
The process of to obtain a residence visa through a company formation for EU citizens is rather straightforward. The whole process from setting up your business in the Emirates to obtaining your Emirates ID usually takes 10 to 15 working days. However, this is subject to the submission of documents and the application on time.
Final Takeaway
Europeans can choose from a variety of visa tracks that accommodate different business profiles and investment levels if they want to establish a firm and gain UAE residency. European company owners can access the advantages of UAE residence and prosperous business prospects by being aware of their visa alternatives, adhering to the correct company registration procedures, and fulfilling regulatory criteria. The UAE continues to be a popular destination for Europeans seeking residency through business ownership due to its strategic advantages and streamlined restrictions for international investors.
Planning To Get a UAE Residency?
Starting a business for residency is really simple, quick, and a better option than most ways of getting a residency. Along with getting a residence permit, you also get to run your own business and earn money. At Xpert Advisory, we have a team of business consultants specialising in company formation services. If you get stuck midway or need guidance from the start, call us! We’re here to navigate the process for you and streamline the process of company formation.
FAQs
Can One Get a UAE Residency With an Offshore Company?
Usually no! Because they do not have any physical presence or economic activity within the UAE. This is why it does not qualify for a UAE residency.
Does One Need to Have a Physical Office To Get a Residency Permit?
Yes, in mainland areas, it is mandatory to have a physical office. Free zone companies also require an office, mostly, but there is a flexible option for shared office spaces.
What Are The Conditions For Retaining UAE residency Through The Establishment Of A Company?
The business owner must keep the company operating and in compliance with local laws in order to maintain the UAE residency that was acquired through company registration. This includes filing any necessary financial statements or audits (based on the jurisdiction), keeping an active office space lease (if applicable), renewing residency visas on schedule, and renewing the trade license annually.
