Dubai Just Changed the Freezone Visa... (Terrible)

TL;DR

The Dubai government has made changes to visas, including introducing the green visa and reducing the initial allowed years for the Free Zone company visa from three years to two years.

Transcript

the Dubai government recently made a lot of changes to their visas available as I made a video on the golden visa and the new green Visa they've also made a big mistake they lowered the initial allowed years on the Free Zone company visa from three years down to two years so whenever you open a free zone company that is going to be free of tax free... Read More

Key Insights

• 💚 Dubai has introduced the green visa to attract high-earning individuals and company owners.
• 👯 Free Zone company visas have been reduced to two years to encourage more people to choose Mainland companies, which require tax payments.
• 🪡 The flexibility to upgrade or extend visas offers individuals the opportunity to change their visa type as per their needs.
• 📏 Professional assistance is crucial when navigating visa options in Dubai to ensure compliance with salary requirements and other rules.

Questions & Answers

Q: What are the new changes to Dubai's visa options?

The Dubai government has introduced the green visa and reduced the initial allowed years for Free Zone company visas. Mainland companies still have a three-year visa.

Q: Can the two-year Free Zone visa be extended or upgraded?

Yes, the two-year Free Zone visa can be extended or upgraded to other types of visas, such as the green visa, which offers a five-year validity.

Q: Why did Dubai reduce the initial allowed years for Free Zone company visas?

The reduction is aimed at incentivizing more people to open Mainland companies, which require financial reports and payment of taxes. It aligns with Dubai's goal of establishing itself as a tax-paying country.

Q: What are the requirements for the green visa?

To qualify for the green visa, individuals need at least a bachelor's degree or a diploma from a recognized institution. However, the government is exploring exceptions for those who don't meet these criteria.

Summary & Key Takeaways

• Dubai has introduced the green visa, a five-year visa and Emirates ID for company owners and residents earning over $4,000 per month.

• Free Zone company visas have been reduced from three years to two years, but can be extended or upgraded to other types of visas.

• Mainland companies in Dubai still have a three-year visa but require financial reports and will need to pay taxes starting in 2023.