Dubai Forums Dubai Expat Forums Dubai Expat Help Forum

Many thanks. Despite the apparent confusion, your replies have been super-helpful, as have all the others.

The 70k thing is exactly as I understood it - I put 70k into a business venture that is with an Emirati and that qualifies me for the investor visa.

My son also thinks that if I go for a residents visa by buying a property off-plan, the visa is not granted until the property is paid for in full. Is this true??

Hi there, been struggling to log on all day. Sent you email about the consultant visa things.

Yes, to your second question (last post); residency is only on hand-over of the property after final payment. this also only applies to companies that have government approval to stand as sponsor for the residency visa - there was an issue about this a while back where every developer seemed to think that they could simply offer residency as part of the package.

One of your other posts is regarding property purchasing - look up Arnie Gang on the forum, he was (or I suppose still is) the property guru. Mail or pm him and get his advice - over the years it has been pretty much spot on.

I’m not quiet certain how you came across the 70k for the investment visa, yes it does sound feasible, investing in or incorporating in an LLC allows up to 50 people (co-investors) to hold shares in a business - as I mentioned the capitalisation is 300k total, but split proportionately among the investors. You possibly need to get a copy of the UAE Business Law (law no. 8 of 1984 I think); this spells out all the options, obligations and legal forms of business structures in the uae. I found an article I collected on Joint Ventures which I have mailed to you as well.

sboxster wrote:the visa is not granted until the property is paid for in full. Is this true??

Not quite. As dxbsoul says, you have to wait until completion, and even then visa is not granted. It just means you can apply for a visa. Some confusion recently and it's not exactly clear whether you can even do that now.

dbxsoul wrote:I’m not quiet certain how you came across the 70k for the investment visa

Maybe my earlier comment. There is a specific "investor visa" category I've seen with the 70k figure, different from visas your company can apply for after formation. I never investigated any further.

HI,

I UNDERSTAND YOU WANT TO WORK FROM HOME AND DO NOT WANT TO SETUP OR INVEST IN A BUSINESS (DUBAI OR FZE)

THE BEST OPTION FOR YOU IS TO PURCHASE A VISA FROM AN ALREADY ESTABLISHED COMPANY. (MIGHT COST YOU 25-35K) DEPENDING ON YOUR CONTACTS. AS THIS IS A VERY OLD TRADITION.

BUT YOU NEED CONTACTS FOR THAT..HOPE THIS HELPS

MIND ME ASKING WHAT KIND OF BUSINESS ARE YOU PLANNING TO DO. MIGHT HAVE A BETTER SOLUTION FOR YOU...

The shouting is irritating .

azm786 wrote:MIND ME ASKING WHAT KIND OF BUSINESS ARE YOU PLANNING TO DO. MIGHT HAVE A BETTER SOLUTION FOR YOU...

Dear all,
my husband is now facing similar issues as the person who initiated the thread. He wants to do his own IT consultancy from home, as he has long done it in our home country. We were unpleasantly surprised to understand that registering as a freelancer is not so simple and costs a lot in Dubai. I would appreciate any ideas how his consultancy can be legally done without paying huge upfront fees. His "business" is really a one-man show, bringing moderate income similar to a moderate salary, the math does not justify huge company setup costs.
Thanks in advance!

Hello!
I am a Private Investigator in America and our client in Dubai is looking for investigators and food critics to assess restaurants in Media City and Town Center.
These jobs are full reimbursement for one person plus their companion.
If you or anyone you know might be interested in this work, please be kind enough to let me know.
This opportunity is legitimate, requires good writing skills and will be paid in American dollars.
Please advise if you can assist and thank you so very much.
Lysa(AT)PrivateEyesOnline(DOT)net
www(DOT)Inside-Hospitality(DOT)com