The United Arab Emirates has a reputation for being one of the world’s most hospitable business environments. Low taxes, a fantastic location, and friendly regulation make it a favorite among entrepreneurs and investors all over the world.
The UAE’s leaders have taken measures in recent years to solidify this image and attract more international investment in the country. These improvements have made it much simpler to start and manage long-term businesses in the United Arab Emirates.
The United Arab Emirates (UAE) implemented a new long-term residency visa system in 2019, allowing foreigners to live, work, and study in the UAE without the need for a native guarantor and with full ownership of their firm.
Following the economic disruption caused by the pandemic, the amendment was enacted in order to recruit new foreign immigrants, mostly to the emirate of Dubai.