Who is eligible for a UAE Golden Visa?
Eligibility may be available for property investors, entrepreneurs, business owners, highly skilled professionals, scientists, exceptional talents, outstanding students, and other qualifying categories. Specific requirements vary depending on the visa category.
Does buying a property automatically grant a Golden Visa?
No. Purchasing property does not automatically result in a Golden Visa. Applicants must meet the relevant eligibility criteria and complete the formal application and approval process.
Do Free Zone companies need to file Corporate Tax returns?
Yes. Free Zone companies are generally required to register for Corporate Tax and submit annual tax returns, regardless of whether they qualify for a 0% tax rate on qualifying income.
Can a newly established UAE company open a corporate bank account?
Yes, although approval is subject to the bank’s internal compliance and due diligence requirements. Banks typically assess the company’s activities, ownership structure, source of funds, and business profile before approving an account.
Do I need a physical office to set up a company?
Most company structures require a registered business address. Depending on the jurisdiction, this may range from a flexidesk or co-working facility to a dedicated office space.
Is bookkeeping mandatory for UAE companies?
UAE businesses are advised to maintain accounting records and supporting documentation for statutory and tax compliance purposes. Proper bookkeeping is also essential for Corporate Tax and VAT reporting.
How long does it take to set up a company in the UAE?
Company formation timelines vary depending on the jurisdiction and business activity. In many cases, a company can be established within a few days, while regulated activities may require additional approvals and thus take more time.
Can I use a Free Zone company as a holding company for UAE property investments?
Yes. Free Zone companies are commonly used as holding companies for property investments and other assets. A properly structured holding company can simplify ownership, facilitate future transfers, and support long-term estate and succession planning.
What is the minimum property investment required for a Golden Visa?
Property investors are generally eligible if they own UAE real estate with a value of at least AED 2 million, subject to the latest government requirements and approval criteria.
When is VAT registration mandatory in the UAE?
VAT registration is generally mandatory when taxable supplies and imports exceed AED 375,000 during the previous 12 months or are expected to exceed that threshold within the next 30 days.