February 16, 2023

United Arab Emirates (UAE), the land famous for oil, sand, dates, and many more things, can now be the land for your business. The UAE is geographically divided into Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras Al Khaimah, and Umm Al Quwain.

While Dubai is popular among international visitors, Ras Al Khaimah is becoming popular among people willing to start their ventures in Dubai. It is one of the UAE government’s models to attract business to their country.

This blog contains essential information for those willing to apply for a UAE business visa. Keep reading!

UAE Business Models for Foreigners 

Mainland model

This model allows internationals to start a business with locals, wherein the Emirati holds 51% of the company. However, in some sectors, foreigners can own 100% of the business.

Free economic zone model

The government has established free economic zones where businesses are run globally and are not limited to working with local people. Here, foreigners have the right to own 100% of the company. These zones are gaining popularity with time because of their operational ease. People also prefer these zones as it does not demand any corporate or independent business tax.

One such zone is Ras Al Khaimah which allows freelancers, traders, businessmen, professionals, IT firms, manufacturers, and various other businesses to register and start their own companies. As Ras Al Khaimah Economic Zone (RAKEZ) service authority in India, we are glad to process the UAE business visa for Indian business owners willing to set up their organizations or plants in UAE.

Let’s understand more about this zone.

RAKEZ: A Treasure of Business Opportunities 

One of the most significant economic zones – RAKEZ, is home to over 15,000 multinational companies from over 100 countries and 50 industries. It immensely increases the business market by allowing trouble-free access to markets in the Middle East, Europe, North Africa, and Central and South Asia with the help of excellent logistic facilities, including international airports, seaports, and superhighways in the UAE.

Some of the reasons why you should establish a business in RAKEZ are.

  1. Easy access to the world with an average flight time of 4 and 8 hours
  2. UAE Law or DIFC court’s common law for resolving quick disputes
  3. A marketplace of over 45,000 businesses or companies
  4. Connectivity to all modes of domestic and international transport
  5. 40 minutes of travel to Sharjah and 70 minutes to Dubai airport
  6. Option of registering a free or non-free zone firm
  7. Direct flights from India to commence soon
  8. A free economic zone allows 100% international ownership
  9. Established business standards
  10. Only international manufacturing firms can own 100% of the business in the non-free economic zones
  11. No individual and corporate tax
  12. VAT (Value Added Tax) valued at 5%
  13. The cost of development stands at 10% less than the territorial average
  14. 100% rate of repatriation for profits and capital
  15. A signed DTA (Double Taxation Agreements) with 115 countries
  16. Close to a 50% reduction in operational cost

UAE Business Visa 

A business visa allows you to stay in UAE for a specific period. They are generally categorized into visit visas and residency visas. People or a group of people who wish to attend a business conference, explore business or investment possibilities and visit UAE for a business trip are eligible for a visit visa.

Entrepreneurs who wish to relocate to the UAE need a residency visa. To be eligible for this visa, the entrepreneur must have a successful experience in UAE. This visa is valid for 2,3, 5, or 10 years and the visa holder can enjoy their stay in UAE for the entire duration.

There are 5 ways you can apply for an emirate or Dubai business visa by investment. However, it is best to consult a trusted UAE business visa consultant in Ahmedabad, of course, us, to get an eligibility check and to ease the visa application process.

How Does Ajmera Law Group Come into the Picture? 

As an official service provider for Ras Al Khaimah Economic Zone (RAKEZ), we help Indian businessmen register their companies, acquire necessary licenses or permits, and finally apply for their business visas either specifically for RAKEZ or any geographical division of UAE.

So, what are you waiting for?

Contact us to learn about eligibility, document, and every UAE business visa investment opportunity that can lead you to the Emirates.

February 8, 2023

Cyprus, an island country on the south of the Anatolian Peninsula, has tried to survive through all means including tourism, but ultimately decided to start selling citizenships to raise capital. Concluding the decision, a Cyprus citizenship by investment program was launched in 2013, the same year as the Cyprus banking crisis.

All it required from people was to invest a certain amount of money and obtain residency, which was their golden key to work and travel across European Union, visa-free. But just as simple as the program requirements were in the beginning, they are now as difficult since the government has constantly improvised on the criteria and finally concluded the program officially in 2020.

Let’s dive deep into the criteria for Cyprus’ permanent residency program, which was once the easiest way to attain EU citizenship. 

Who is Eligible to be a Cyprus Permanent Resident?

To be a permanent residency holder in Cyprus, you must fall under any of the below-mentioned categories;

1. An Investor or the main applicant

With no personal or family criminal record
Minimum of €30,000 as proven annual income outside Cyprus
An additional increase of €5,000 for every child and €8,000 for every dependent parent
Rent out or purchase property in Cyprus

2. Children

Any child who is a student, is single, up to 25 years of age, and is financially dependent on the main applicant.

3. Family

The spouse of the investor along with parents and in-laws with no criminal record.

Upon clearing the first step of eligibility for this program, it’s now time to check your investment capacity.

Investment Options

Investors have the liberty to choose from multiple investment options, but as a prominent immigration attorney in India, we advise you to go for 2 types of investment, also the most popular ones.

1. The Real Estate Investment

  • This investment can either be of a residential or commercial property with a property value of not less than €300,000.
  • You can invest in real estate based on some specific combinations but remember that only new property counts. The choices are;
  • One land and one building
  • One or two residential units
  • One shop and one housing unit
  • One office/commercial and one residential
  • Please note that if you decide to purchase more than one property, it has to be from the same authority.
  • In case you already own a property and wish to opt for a residence permit, you can sell the original property and purchase a new one with a minimum value of €300,000.

2. Business Investment

In case you wish to invest in a Cypriot business (local or native business of Cyprus) or if you are looking to start your venture in Cyprus, we can beneficially extend our hands to help.

Now that you are briefly aware of the investments, let’s take you through the features of this program for better clarity on why this can be beneficial.

Features of the Cyprus Investment Residency Program

Listed below are some benefits and conditions of this Cyprus investment residency program.

  • By maintaining an investment residence, you can enjoy permanent residency for life
  • You must visit Cyprus once every two years to keep hold of the residency
  • Even a permanent residence permit holder can apply for citizenship after living for 5 years in Cyprus out of the 8-year period.
  • Before submitting the citizenship application, ensure that you have completed a stay of 365 days
  • The applicant or the spouse cannot work in Cyprus on the grounds of a Permanent Residency Permit (PRP). However, PRP holders can establish businesses and register organizations to earn dividends.

Be a Cypriot with the Help of Ajmera Law Group

What’s better than having a passport that unlocks your dream of traveling across Europe?

Let’s plan your investments and work on the documentation requirements precisely to make sure that you are granted Cyprus permanent residency from the pile of files.