Citizenship by Investment – A dual citizenship and passport gives you privacy, flexibility to travel, and, most crucially, may save your life in times of political instability. They are also effective tools for international tax planning.
Wealthy retirees, business investors, entrepreneurs, and independent contractors are those who are most interested in dual citizenship and residence programs. Would this be a good moment to start investing in your future because several nations in Europe and North America (such as the USA, Canada, UK, and Switzerland) now allow dual nationality widely?
About Citizenship by Investment
Birth in a certain territory, descent from a citizen parent, marriage to a citizen, and naturalization are the main avenues for obtaining citizenship. In addition to character and other requirements, the conditions under which the right of naturalization is given vary from state to state, but family ties or extended residence are typically necessary. Despite the fact that affluent people and investors are typically granted residency, only 11 nations now provide citizenship by investment schemes that offer a direct path to citizenship based on investment and have passed Henley & Partners’ country due diligence: Jordan, Malta, Montenegro, North Macedonia, St. Kitts and Nevis, St. Lucia, Antigua and Barbuda, Dominica, Grenada, Antigua and Barbuda, Turkey, St. Kitts and Nevis, and St. Lucia. Henley & Partners created the programs for Antigua and Barbuda and St. Kitts and Nevis in accordance with the necessary governmental directives.
Contact the adcovate in Dubai of Khairallah Law Firm to assist you with any legal case.
The Advantages of Dual Citizenship
Becoming a Dual National has the following benefits:
Visa-free travel to the world (EU, UK, Canada) and instant travel to over 130 countries just became a lot simpler with a dual citizenship. With more countries being added to the list regularly you can literally say goodbye to lengthy visa documents.
Start insuring your family against unforeseeable circumstances and achieve political security by obtaining a secondary passport. Establish businesses, open bank accounts and expand your personal family investments worldwide.
With a dual nationality, you can benefit from a generous tax regime with no Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax. Take advantage of no Personal Income tax and no restriction on the repatriation of profits and imported capital.
You can use law offices in Dubai to find out all the legal matters related to nationality.
FAQ about Citizenship by Investment in the UAE
1-Can I get UAE citizenship by investment?
The law governing UAE citizenship underwent significant revisions in February 2021 in the United Arab Emirates. The government will permit qualified investors and individuals with unique talents, along with their families, to become naturalized citizens.
2-What are the benefits of UAE citizenship?
- The benefit of having a citizenship in Dubai is the ability to keep one’s previous passport, which is unattainable in any other nation.
- travel to at least 167 countries without a visa (one of the largest numbers in the world).
- No need to file taxes or pay personal income taxes for private individuals.
3-What are the responsibilities of a citizen in UAE?
Loyalty to Nation: A citizen should:
- Be devoted to the government of the United Arab Emirates.
- 2. Maintain the State’s security and safety.
- 3. Adhere to the State’s constitution’s unchanging principles.
- 4. Completely and honestly carry out its obligations.