Oman: Golden Visa Program (Part 5 of 5)
Aligned with Vision 2040, Oman a revamped Investor Residency Program aims to attract greater foreign investment and long-term residents.
Bahrain: Golden Residency Program (Part 4 of 5)
Bahrain’s Golden Visa provides a renewable 10-year residency designed for investors, skilled professionals and retirees.
Qatar: Residence by Investment Program (Part 3 of 5)
Qatar’s Residence by Investment program connects long-term residency directly to property ownership, offering flexible pathways for investors.
Saudi Arabia: Premium Residency Program (Part 2 of 5)
Saudi Arabia’s Premium Residency, or Iqama, offers both renewable annual and permanent options, giving residents the right to live, work, and own property without the need for a local sponsor.
Wise to Launch Services in the UAE
Wise, the global fintech company revolutionizing international money transfers, has received final approval from the Central Bank of the United Arab Emirates (UAE) for its Stored Value Facilities and Retail Payment Services licenses.
UAE Golden visas and other GCC countries (Part 1 of 5)
The Gulf region is entering a new phase of welcoming talented people from all over the world as every Gulf Cooperation Council (GCC) country (i.e. UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Oman) now offering long-term residency programs.
Over 640,000 firms registered under the new UAE’s corporate tax regime
The Federal Tax Authority (FTA) in the United Arab Emirates (UAE) has reported record levels of corporate tax compliance with over 640,000 businesses registered in the first year under the new corporate tax regime with the most businesses filing their returns and settling the payments within legal deadlines.
Can tourists in the UAE open a local bank account?
A simple answer to the above question is no and to open standard personal or business bank accounts in local UAE banks, individuals must be residents, i.e. hold a valid residence visa and Emirates ID.
Tourists in Saudi Arabia allowed to open a local bank account
Tourists to Saudi Arabia holding a visit visa can now open bank accounts in local banks using a “Visitor ID” according to Saudi Central Bank (SAMA). “Visitor ID” is issued by the Ministry of Interior, digitally verifiable and accepted by local banks as a valid identification document.
Beyond Residency: Other Benefits of the UAE Golden Visa
The UAE’s Golden Visa has become one of the Gulf region’s most attractive residency programs, drawing global investors, entrepreneurs, skilled professionals, scientists, doctors, students, and innovators from all over the world seeking long-term stability and opportunity.
