UAE Citizenship For Investment & Work Permit

The latest announcement by the Federal National Council marks a transformative moment in UAE immigration law, as the government introduces changes to the Executive Regulation of the Federal Law. These amendments offer citizenship and passports to a select group of foreign investors, professionals, skilled workers, and their families, providing new opportunities for individuals looking to invest in the UAE or set up a business in Dubai.

UAE Prime Minister Sheikh Mohammed Bin Rashid has approved the plan to grant Emirati nationality to foreign investors, scientists, doctors, and specialized professionals. This bold move aims to enhance the country’s national development, improve social welfare, and foster a thriving economy by welcoming skilled expatriates. The new law allows professionals and their families to retain their original citizenship, making dual citizenship possible, a significant departure from previous regulations.

Key Requirements for UAE Citizenship

While this groundbreaking law presents significant opportunities, there are specific conditions for each category:

• Investors: The law applies to investors who own property in the UAE, opening the door to those seeking to invest in UAE real estate or expand their business presence in the region.
• Doctors and Skilled Professionals: Eligible individuals must demonstrate expertise in specialized scientific fields with a history of contributing to research. A minimum of 10 years’ experience in their field, along with active membership in a recognized organization, is required.
• Scientists: Scientists must be actively engaged in research and have at least 10 years of experience. The law favors those with notable accomplishments such as patents, prestigious awards, or substantial research funding, supported by a recommendation letter from a UAE university.
• Inventors: Individuals with at least one patent certified by the UAE Ministry of Economy or another internationally recognized body are eligible. They must also secure a recommendation letter from the Ministry of Economy.
• Cultural and Artistic Talent: Those excelling in culture, arts, or other talents must hold at least one international award and provide a recommendation letter from relevant UAE authorities.

UAE Citizenship Benefits

Beneficiaries of the new law will enjoy a wide range of benefits, including the freedom to own land and real estate in the UAE, as well as the opportunity to carry out business setup in Dubai. The law also provides permission to fully participate in the economic and social activities of the country. However, applicants must pledge to uphold the laws of the UAE and may lose their citizenship if they fail to comply with the terms.

This law amends the Emirati Nationality Law No. 17 of 1972, ensuring that qualified professionals are nominated by Emirates’ rulers and government councils. This move sets the UAE apart as a leader in the Gulf region, prioritizing social stability and growth by welcoming individuals who contribute to society.

Why Now is the Perfect Time to Set Up Your Business in Dubai

The introduction of these laws presents an unparalleled opportunity for professionals and investors to take advantage of Dubai’s growing business landscape. In 2019, the UAE saw the establishment of over half a million new businesses, with a projected GDP growth of 4% this year. As the business environment continues to expand, more individuals are exploring ways to set up businesses in Dubai, and this new law will undoubtedly accelerate this trend.

Your Opportunity for a Seamless Business Setup in Dubai

If you’re considering a new business setup in Dubai, now is the time to act. Cross Link International specializes in business setup services in the UAE and can help you navigate the legal and administrative requirements of launching a business. From securing the necessary permits to ensuring compliance with local laws, we make the process seamless and stress-free. Get in touch today for expert advice and assistance with your business setup.

Contact us now at +971 4 321 6631 / +971 55 744 6445, or fill out this form to schedule a callback and get started with your business venture in Dubai!