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Business Setup Dubai Burj Khalifa

United Arab Emirates 

MOVE TO DUBAI

The UAE, particularly Dubai and Abu Dhabi, are rapidly growing markets. Recently, the government has increasingly passed business-friendly laws that make it easier for foreign investors to settle here. Due to current world events, company formations in Dubai and the remaining Emirates continue to grow rapidly. The country is also positively establishing itself due to its ideal location between Asia, Africa, and Europe, which is considered the gateway to the world. 

Marble Surface

The advantages of moving to the United Arab Emirates (UAE) 

  • Tax-free Income: One of the most significant advantages of living in Dubai is the tax-free income. Residents don't pay personal income tax, which can lead to a higher disposable income.

  • Quality of Life: Dubai offers a high standard of living, with world-class infrastructure, high-quality health care and education, and a wide range of leisure and entertainment options.

  • Business Opportunities: Dubai is a global business hub, attracting entrepreneurs and investors worldwide. The city offers a favorable business environment with ease of doing business.

  • Safety: Dubai is considered one of the safest cities in the world. The crime rate is very low, and the law is strictly enforced.

Requirements for moving to Dubai

Before starting emigration, you must consider several important requirements for moving to Dubai. These include, among other things, visa requirements, health checks, and potentially professional qualifications. At Flag Strategies, we provide comprehensive information about all the necessary steps and prerequisites to realize your dream of living in Dubai.

Living in Dubai - Visa Requirements

A visa ensures that you can legally enter and reside in the UAE. Certain services and privileges in the UAE, such as the ability to open a bank account or rent a property, are linked to visa status. The 3 main visa types are the following:

1

WORK VISA

This is for individuals who have accepted a job in the UAE. The employer typically sponsors the visa and takes care of the necessary formalities.

2

INVESTOR VISA

This visa is intended for entrepreneurs and investors who want to start a business or invest in the UAE. Here, you will find information on company formation in Dubai.

3

GOLDEN VISA

In 2019, the UAE introduced the 'Golden Visa', a long-term visa (10 years), primarily granted for real estate or capital investment starting from 2 million AED. Here, you can find information about the Golden Visa.

Once you have a valid UAE visa, you are eligible to sponsor your family members.

Depending on the specific requirements of your visa and your personal situation, you can apply for a visa for spouses, children, and, in some cases, even parents and in-laws.

Please note that there are certain conditions and requirements for applying for family visas, including but not limited to proof of relationship, financial support, and housing. At Flag Strategies, we can guide you through this process and make sure you meet all the necessary requirements.

FIrmenlizenz Dubai Downtown

Cost of living in Dubai

Dubai is known for its extravagant lifestyle and luxury, and while it's possible to lead a high-end lifestyle in Dubai, the reality is that the cost of living varies depending on individual preferences and lifestyle.

Rental payments 

Unlike many countries where rent is paid monthly, in Dubai, it is customary to pay the Rent for the entire year in advance. This is an important aspect to consider when planning your moving budget.

Recently, however, some landlords have started to offer more flexible payment terms, allowing for payments two or four times a year. However, this is not the norm and depends heavily on the landlord and the specific property.

Prices per square meter for rent in Dubai start at around AED 550 per square meter for properties just outside the city center and AED 1300 in the centre. 

Real estate purchase 

If you are considering buying a property in Dubai, there are a few additional costs to consider besides the purchase price. One of the most important fees is the DLD fee and the Dubai Land Department fee.

The DLD fee is usually 4% of the purchase price of the property. This fee is shared between the buyer and the seller. In addition to the DLD fee, there are also Management Fees at about 2% of the purchase price.

In addition to the above costs, buyers must pay brokerage fees (usually 2%-4% of the purchase price).

At Flag Strategies, we can guide you through the entire process of buying property in Dubai.

Electricity and Water

Electricity and water tariffs are set by the Dubai Electricity and Water Authority (DEWA) and may vary depending on consumption and property type.

Electricity costs in Dubai are tiered and increase as consumption increases. Prices start at around AED 0.23 per kilowatt-hour (kWh) for the first 2000 kWh

Like the power supply, water prices are tiered and increase as consumption increases. Costs start at around AED 0.8 per 1000 liters.

Groceries

The cost of groceries in Dubai is comparable to many Western cities. There are various supermarkets offering both local and imported products.

Cost of Education 

The cost of education in Dubai can vary significantly depending on the type of school and educational path chosen. International schools can be costly, especially those with a British, American, or IB (International Baccalaureate) curriculum.

Annual school fees can range from around AED 15,000 for pre-school institutions to over AED 90,000 for secondary schools. These costs usually include tuition but may also include costs for school uniforms, books, field trips, and other activities.

This is how Flag Strategies supports you

Whether you are starting a business, applying for the Golden Visa, or looking to buy a property, at Flag Strategies, we are here to help you through all the steps:

Company formation: We will guide you through the legal processes and requirements to ensure your company is incorporated successfully and legally in Dubai.

Golden Visa: We will guide you through the application process for the Golden Visa, which offers you long-term residency in Dubai.

Property purchase: Whether for your own use or as an investment, we support you from the search for a property to the negotiations and the conclusion of the purchase contract.

Trust Flag Strategies to make your dream of living in Dubai a reality.

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