Ease of setting up corporate bank accounts
Ease of setting up personal bank accounts for investors who acquire an Investor Visa and for employees who acquire an Employee Visa.
The minimum requirement for maintaining such a visa is a re- entry in the UAE once every 6 months.
We recommend to our clients, who will claim Fiscal residency in the UAE based on the above arrangement, to seek a residential solution to support their proof of tax residency. It is always best to provide additional proof of residency (ie. utility bill, UAE Personal Bank Statements) to your home country's tax authority and financial institutions, in addition to your UAE Residence Visa and Emirates ID.
A individual under a Company Residency Visa (either investor or employee) can sponsor first degree relatives for a Family Residency Visa. The validity of this type of Residency Visa is determined by the validity of the sponsor's visa. The crucial condition to sponsor a family member is to submit proof of a leased residential real estate within the UAE.