7 Reasons to invest in Dubai
7 Reasons to invest in Dubai 1. COMFORTABLE VISA RULES The UAE has recently rolled out a lot of visa incentives for property investors. Now, with as less as AED 1 million of an investment will make you eligible for a 2-year residence visa in Dubai. Besides this, the UAE has been giving away 'golden visas', which are 10-year renewable visas to businessmen who have over an AED 5 billion total investment in the country. Recently, there was a law passed enabling foreign workers to bring their families to Dubai and sponsor their visas. The minimum salary of Dh4,000 or Dh3,000 plus accommodation costs is required to bring your wife under sponsorship. In addition to this, the UAE offers visa-free entry for over 60 countries & several visas on-arrival initiatives as well for other countries. 2. TAX-FREE COUNTRY In UAE no income tax, however, there is a minimal VAT (value added tax) of 5% levied on the purchase of certain goods and services. The only cases where there is a corpor