Buy home in Dubai and get Free trade licence + 3 year Residency Visa
Buying a home in Dubai can now get you 3 Year Residency Visa along with Free Trade License. In partnership with Dubai Multi Commodities Centre, Emaar has launched 184 units. This is at Dubai Hills Estate in a building that is under construction.
Those who make payment of 20% of the price of an apartment at Executive Residences will get a new 3-year renewable business license. They will also obtain a 3-year Residency Visa for the family that is renewable. It also includes 100% ownership of the business. The homeowner can as well apply for an Employee Visa with all trade licenses, as quoted by the Khaleej Times.
Entrepreneurs will not be required to rent office premises said CEO of Allsopp & Allsopp Lewis Allsopp. The offer is extremely exciting for families with kids. This will offer the parents the choice of spending more time at home and flexibility with child care, he added.
The price of 1 bedroom apartment is lower than 1 million Dh. For 2 bedrooms the range is 1.6 million Dh to 1.3 million Dh. The building is projected to be ready by 2021.
La Capitale Real Estate and Managing Director and Founder Kunal Puri said that it assists you in achieving cost savings. The product targets SMEs that contribute 80% to the economy, he added.
Business owners had to earlier offer office tenancy contract as evidence for obtaining trade license. They can do so in this project with the Ejari certificate of the house. Already, people have lined up for purchasing with the authorization of credit card. The freedom of this kind has never existed in the market before.