Tax residency in the UAE is a much sought after residency status. In this article, we will delve into the details of the new 90-day tax residency visa, highlighting its advantages, eligibility criteria, and the benefits it offers for international individuals. If you are considering establishing tax residency in the UAE, this article will provide valuable insights to help you make an informed decision.

Understanding the 90-Day Tax Residency Visa: The UAE has recently introduced a game-changing provision, allowing individuals to obtain a 90-day tax residency visa. This new update is a boon for those who split their time between the UAE and other locations. Previously, individuals had to fulfill the requirement of staying for 180 days within a 12-month period to be considered a tax resident. However, effective from March 1, 2023, this requirement has been reduced to just 90 days within a 12-month period.

Eligibility Criteria: To be eligible for tax residency under the 90-day visa, individuals need to fulfill at least one of the following conditions:

1. The UAE is their primary place of residence and the center of their financial and personal interests.
2. They have physically spent a minimum of 183 days in the UAE during a 12-month period.
3. They have physically spent a minimum of 90 days in the UAE within a 12-month period and possess the legal rights to reside in the UAE (such as having residence fees or a golden or green visa), maintain a permanent place of residence in the UAE (including renting an apartment for 12 months), or have employment or business ties in the UAE.

The Advantages of the 90-Day Tax Residency Visa: The introduction of the 90-day tax residency visa presents several advantages for international individuals:

1. Flexibility: This visa option allows individuals to establish tax residency in the UAE without committing to a long-term stay. It caters to those who desire to benefit from the UAE’s business-friendly environment and tax incentives while retaining the freedom to travel and reside abroad.

2. Shorter Duration: For individuals who do not intend to permanently reside in the UAE, the 90-day visa offers a shorter period to establish tax residency. This is particularly beneficial for business travelers and entrepreneurs who frequently visit the UAE for professional purposes.

3. Easy Application Process: The application process for the 90-day tax residency visa is straightforward. Applicants need to meet specific criteria, such as holding a valid passport, providing proof of income, and outlining their activities during the 90-day period, including any business or investment plans in the UAE.

4. Access to Benefits: Once approved, individuals can enjoy the benefits of being a tax resident in the UAE. These benefits include access to the country’s robust banking system, attractive tax incentives for businesses, and the potential to apply for a long-term residency visa at the end of the 90-day period if they wish to extend their stay.

Maximizing Your Financial Opportunities in the UAE: If you are considering the new 90-day tax residency visa in the UAE, it is essential to explore the best options for your financial needs. At MFI Group of companies, we specialize in providing comprehensive guidance and assistance to individuals seeking to optimize their financial opportunities in the UAE. Our dedicated team of experts will review

your information and discuss the available options tailored to your unique circumstances.

Our Services:

1. Personalized Consultation: We understand that every individual’s financial situation is different. That’s why we offer personalized consultation sessions to assess your specific requirements and goals. Our experts will guide you through the process, ensuring you make well-informed decisions regarding your tax residency and financial strategies.

2. Tax Planning and Optimization: As tax regulations can be complex, it’s crucial to have a solid tax plan in place. Our experienced team will assist you in optimizing your tax obligations, taking advantage of the UAE’s favorable tax system, and ensuring compliance with local tax laws. We will help you navigate through various tax incentives and exemptions to maximize your savings.

3. Investment Opportunities: The UAE provides a thriving business environment and abundant investment opportunities. Our experts will analyze your investment objectives and guide you towards lucrative ventures that align with your goals. Whether you are interested in real estate, stock markets, or starting a business, we will provide the necessary support and advice to help you make informed investment decisions.

4. Wealth Management: Effective wealth management is essential for long-term financial stability and growth. We offer comprehensive wealth management services, including portfolio analysis, asset allocation strategies, and risk management solutions. Our goal is to help you build and preserve wealth, ensuring a secure financial future for you and your family.

Why Choose Us:

1. Expertise: Our team comprises seasoned professionals with extensive knowledge and experience in the UAE’s financial landscape. We stay up-to-date with the latest tax regulations and investment trends to provide accurate and reliable advice.

2. Tailored Solutions: We understand that everyone’s financial goals and circumstances are unique. That’s why we take a personalized approach, tailoring our services to meet your specific needs. Our solutions are designed to help you achieve your financial objectives efficiently and effectively.

3. Client-Centric Approach: At MFI Group of companies, our clients are at the heart of everything we do. We prioritize building long-term relationships based on trust and transparency. Your satisfaction is our top priority, and we strive to exceed your expectations at every step of the process.

Take the Next Step: If you are ready to explore the possibilities of the new 90-day tax residency visa in the UAE and maximize your financial opportunities, we are here to assist you. Visit our website at www.mfigroupdubai.com to fill out our online form and schedule a consultation with our dedicated team.

Remember, establishing tax residency in the UAE can have significant financial benefits, and with the new 90-day visa, it has never been more accessible. Let us be your trusted partner on this journey, guiding you towards a prosperous financial future in the UAE.