According to M/Advocates of Law, the UAE is among the best immigration destinations when it comes to residency programmes.
M/Advocates, a law firm specializing in immigration recently released its 2015 comparison chart including evaluations for 23 residence programmes worldwide. The chart compares various residency programmes around the world but does not rank the jurisdictions. Instead, it describes the mains characteristics, benefits and obstacles of each country.
The chart points out that the UAE remains a popular destination for both European and third world immigrants.
According to Yann Mrazek, Managing Partner of the law firm stated that the UAE is a very good option due to the absence of the income tax and tax filing: “These factors are among the things that people take in consideration when relocating. While most people do not mind paying a form of tax, they often do not like the hassle of tax filing and the paperwork that comes with that. Whereas countries such as Switzerland are fairly bureaucratic when it comes to tax filing, there is no such obligation in the UAE.”
Additionally, the quality of life factor is considered to be preferable in the UAE - Mrazek stated: “There are other places in the world where residents are exempted from paying taxes, such as Monaco and the Bahamas. However, the UAE is not just some beaches, It is a cosmopolitan city with good facilities and a good health care system, Added to that is that Dubai is easy to access as it is no longer a place in the remote Middle East. Nowadays Dubai is considered almost next door by many”.
According to Mrazek, traditional jurisdictions such as the UK, Switzerland or Singapore appear to be losing ground in terms of applicant volumes while people increasingly opt for emerging countries as an immigration destination: “Some emerging countries have become more accessible and easy to live in. The quality of life in such countries draws immigrants to these places, especially immigrants from Europe. Asia has become increasingly popular with countries such as Malaysia and Thailand on the immigration map”, he stated. “These countries are very cheap, have a good quality of life and a nice climate all year round”. He explained that these countries are considered to be ideal places to retire.
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