Now you can become a Golden resident as a business owner in the UAE - New 2022 rules released
Foloosi
Apr-2022-19
The United Arab Emirates’ cabinet approved regulations on the entry and residence of foreigners, formalizing a process aimed at giving expatriates a bigger stake in the economy. “The new system of entry and residence aims at attracting and retaining global talents and skilled workers from all over the world, and boosting the competitiveness and flexibility of the job market and fostering high sense of stability among UAE residents and families,” according to a statement.

The United Arab Emirates’ cabinet approved regulations on the entry and residence of foreigners, formalizing a process aimed at giving expatriates a bigger stake in the economy.



“The new system of entry and residence aims at attracting and retaining global talents and skilled workers from all over the world, boosting the competitiveness and flexibility of the job market and fostering a high sense of stability among UAE residents and families,” according to a statement.

  • 10 years of renewable residence
  • Duration of stay outside the UAE does not nullify the visa
  • No maximum number of support service laborers
  • Entry visa valid for 6 months with multiple entries to proceed with residence issuance
  • No sponsor or employer required
  • Residence for family members including spouse and children with no age limit
  • In the event of the death of the original holder of the Golden Residence, family members can stay in the UAE till the end of their residence permit


What are the Steps to Register a Company in the UAE?

Follow the steps mentioned below to register your company in the UAE:

  1. Finalize the Business Activities
  2. Register a Trading Name for your Company
  3. Choose the Desired Business Jurisdiction
  4. Draft the MOA / LSA
  5. Apply for a Business License
  6. Apply for an investor visa, Emirates ID
  7. Apply for Company Bank A/c.

 Start to accept payments online in less than a day: https://foloosi.com/business-signup

 

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