In recent years, the UAE has emerged as a leader among Gulf Cooperation Countries (GCC) by investing heavily in attracting foreign investors and talented and skilled individuals interested in relocating to the Middle East and obtaining a Dubai investment visa.
One of the major changes occurred in 2021, when the UAE government enabled the citizenship by investment scheme, allowing foreigners to apply for UAE passports without having to meet some of the most stringent requirements imposed at the global level. Given that the majority of foreign citizens choose to live in Dubai, we will present the main requirements of this new programme from that perspective.
This article discusses the main requirements for obtaining Dubai citizenship through investment. Dhanguard in Dubai can assist you in preparing for immigration to the UAE under this programme as well as obtaining UAE citizenship through investment.
The Dubai Citizenship by Investment Scheme – A Programme for the Majority of Expats
In comparison to other countries, the UAE does not require foreign citizens interested in obtaining citizenship by investment in Dubai to file any application, as the Executive Councils, Rulers, and Crown Prince’s Courts will select the applicants.
The following are the main categories of foreign citizens who want to apply for UAE citizenship through investment:
- Scientists and engineers
- Physicians and doctors
- Artists and authors
Because these people can immigrate to Dubai with their families, the programme is open to the main nominee and his or her close family.
For those who are interested, there is also the option of obtaining a Dubai investment visa by establishing a company in Dubai. Our Dubai law firm can walk you through the entire process of relocating here through this programme.
Immigrants from Specific Countries Who Qualify for Citizenship through Investment in Dubai
Certain categories of foreigners who already live in the UAE can apply for a Dubai investment visa under recently amended legislation. They are as follows:
- Real estate investors in any Emirate
- Doctors, scientists, and engineers with more than ten years of experience
- Inventors with at least one patent recognized by the UAE government
- Artists and other creators who have received at least one international award
In the application for citizenship in Dubai, they may also include their spouses and minor dependent children.
If you fall into any of the above categories and are interested in obtaining Dubai citizenship through investment, you can speak with our lawyers about the process of applying for a UAE passport so that you can begin the immigration process as soon as possible.
Possibility of Obtaining Citizenship through Investment in Dubai-Based Companies
Dubai has always been open to foreign investors interested in establishing their own businesses in the UAE; however, with the new immigration rules, things have gotten even better, as instead of the previous 49 percent share of foreign ownership, overseas entrepreneurs can now fully own a Dubai-based company.
Many entrepreneurs recall that this option was only available in Dubai free zones until recently.
Foreigners who own property and want to start their own businesses in Dubai can now apply for citizenship by investment through Dubai-based companies and obtain a Dubai investment visa.
This is an excellent option for entrepreneurs looking to make a good profit in one of the most important business centers in the Middle East. If you want to register a company in Dubai and obtain UAE citizenship through investment, you can rely on Dhanguard in Dubai.
Is it Possible to Obtain Residency in Dubai or Citizenship through Investment?
Foreign citizens interested in relocating to the UAE and/or obtaining UAE citizenship by investment can choose between residency and citizenship by investment in Dubai. The main distinction is that, while there are no restrictions for those interested in applying for residency, nominees for citizenship are chosen by the Executive Council, Ruler, or Crown Prince Courts in Dubai.
In addition to these, the Dubai residence program has the following investment requirements:
- A public investment in various assets of at least 10 million AED (approximately 2.3 million USD)
- Purchase of a property worth at least 1 million AED (approximately 273,000 USD)
- Creation of a business, which may necessitate an investment in a project with a minimum capital of 500,000 AED.
For those interested, each investment option includes a long-term residence permit for the main applicant and close family members, followed by Dubai citizenship by investment.
Conclusion
People who want to apply for citizenship through investment in Dubai have several residency options.
Whatever method you choose to apply for UAE citizenship, Dhanguard in Dubai are here to help with tailored immigration services. Do not hesitate to contact us for guidance at any time
For more information regarding the Citizenship by Investment in Dubai contact to Dhanguard we will gladly assist you in every aspect.