The Cabinet Resolution No. (85) of 2022, defining the updated criteria of UAE tax residency for legal and physical persons, has become effective as of 1 March, 2023.

A 10-year ‘Golden Visa’ for property investors is a new residence option introduced by the UAE government for high-net-worth individuals.

Investing in UAE Real Estate Market has been made even easier, once the companies RAKEZ and RAKICC were permitted to own properties in the freehold areas.

Global investors can now set up a new company or redomicile an existing business to the UAE by using the Global Product which combines Free Zone and Midshore benefits.

A few days ago the ARNOS GROUP lawyers managed to obtain a fundamentally important court ruling to freeze assets of a broker firm that failed to perform its obligations to the client due to sanctions.

As recently announсеd by the UAE Federal Authority for Identity and Citizenship, effective 3 October 2022, all newly issued and/or renewed visas will have a validity of 2 years maximum (previously up to 3 years).