New UAE Visa Rules: Creating Opportunities for Investors and Entrepreneurs

In the first half of 2022, Dubai issued almost 25% more business licenses than it did in the first half of 2021, bringing the total number of licenses issued to 45,653.

The new UAE visa laws have been a big help, especially for new businesses. They are also giving entrepreneurs, investors, job seekers, IT professionals, and tourists a lot of new chances. An industry veteran told us that these visa changes are helping the country’s economy in a big way.

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Experts in the business world think that the UAE and Saudi Arabia’s efforts to change the way visas work in the Gulf have not only boosted the economy in the area but also created new jobs and brought in talented people from other countries. In addition to making changes to visas that were already in place, USE also created new visas to take advantage of the increased economic activity. The business entry visa that lets potential investors and entrepreneurs come into the country more than once over a long period of time would also help to bring in foreign direct investment. This is because investors could use this time to do market research before starting a new business in Dubai, UAE.

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Industry experts are sure that the UAE economy will grow by around 5.2% and 4.2% in 2022 and 2023, thanks to the government’s reforms, such as new visa laws. Expo 2020 has also been credited with helping the UAE’s economy grow. Industry experts say that the country’s GDP is expected to reach $33.4 billion USD by 2031, which is a big number.

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According to industry experts, the current exponential growth in Dubai’s infrastructure and construction sectors has resulted in significant economic growth and is primarily the result of investments from abroad. Experts think that the government’s changes to policies and structures have made the UAE the center of trade and investment around the world.

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Experts agree that the changes made to make it easier to get a business license go hand in hand with the changes made to the visa rules and the rise in business activity in Dubai, UAE. How long it takes to get a business license depends on how busy the business is, but it usually takes between 3 days and 4 weeks. A professional and well-known PRO service in Dubai, UAE, can make it easy and painless for investors to get licenses.

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Real estate investment and consulting firms say that the market for construction projects in the UAE bounced back in 2021, with residential construction doing the best. So far in 2022, this trend hasn’t stopped, as there have been a number of successful launches of residential projects in Dubai and other emirates.

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Work-from-home (WFH) is now the norm because of the COVID-19 pandemic. This is a blessing in disguise for the construction industry. Home buyers want bigger, fancier places to live with amenities like swimming pools, gyms, restaurants, and shopping malls. The UAE government’s new visa law, which lets property investors get a “Golden Visa” if they buy a property worth Dhs 2 million, is thought to have been a driving force in this case as well. Tourism, trade, and ecommerce are also helped by the new visa rules, in addition to the construction and real estate industries.

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