The Department of General Directorate of Residency and Foreign Affairs (GDRFA) has the authority to process free zone visas and issue those accordingly. The UAE recently reduced the validity of residence visas(also known as UAE Investor Visas) for free zones from 3 years to up to two years. These new rules became effective on October 3. It also indicates that all the new residence visas that are currently under process would reflect the new validity.
Let’s first understand the advantages of a free zone visa in Dubai
The topmost advantage of the Dubai free zone is that it allows the holder to work and live freely in Dubai. Moreover, there is a tax exemption, meaning a 0% tax rate on corporate and personal income. Those who own a free zone visa, are exempt from paying export, import or customs taxes. With a Dubai-free zone visa, anyone is able to finance and banking products in the emirates, access healthcare and the facility to apply for a UAE driving license.
Now, take a look at Dubai free zone's new visa rules and regulation
There are basically two types of Free zone visas in Dubai- one is an investor visa. Those who are willing to set up a business in Dubai will need this visa.
The other visa type is an employment visa. This is actually a sponsored visa by an employer and this is tied to a particular job in the UAE.
The specific Emirates will handle government-related matters. Now, UAE Freezone resident visas are issued for 2 years and can be renewed easily.
Those who would like to start a company in the UAE, can either apply for an investor visa or an employment visa. Each visa zone sets its own employment rules and regulations that should be followed by free zone companies.
Final Words
We give you professional assistance and support to operate and grow your business here in the UAE. Our business set-up experts will guide you for business set-up requirements in both mainland and free zones. We will help you fulfil all the visa-related requirements.
Call us to discuss your needs today!
