UAE companies offering expats dual nationality proliferate

UAE companies offering expats dual nationality proliferate

uae expats

UAE has seen a growth of companies that specialise in hastening the process of offering a second nationality. Although such companies exist all over the world, Dubai is said to have become a nerve centre for this industry.

As the UAE doesn’t permit dual nationality for its nationals, these companies are said to be catering to the huge expat population in that country.

Many people opt for a second nationality because of the numerous benefits it affords. If one obtains a passport from countries like Cyprus, entry to the EU or the UK is visa-free. In addition, it allows wealthy people to hoard their money in countries which are relatively more tax-friendly than their home countries.

According to Forbes, programs offering citizenship through investment was first made popular by Caribbean countries in the 1980s. It allowed foreigners to gain citizenship of another country if they significantly contribute economically.

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Many local and international companies in Dubai, calling themselves ‘citizenship-by-investment consultancies,’ are operating to help their clients, mostly rich Arabs, in the application process.

These 20 odd companies offer citizenship of countries such as Antigua and Barbuda, Cyprus, Dominica, Grenada, St. Kitts and St. Lucia.

But if you are looking at exploring other countries to obtain a citizenship, get in touch with Y-Axis, a highly reputed company for immigration services, to apply for an investor visa.

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