In an interlocked world, moving abroad and staying in another country for a considerable period is no longer a difficult task for entrepreneurs, professionals, or retirees.
The desire for better prospects, tax-friendly environments, or a better life are some of the things pushing people to seek residency opportunities in different countries.
Among them, the United Arab Emirates has attracted quite significant attention. Nevertheless, a few other countries are also included among the best long-term residence destinations, with all their specific advantages.
United Arab Emirates (UAE)
The UAE, in terms of Dubai and Abu Dhabi, is one of the most popular destinations for residency purposes. Its Golden Visa offers the possibility of living, working, and investing in the country without a local sponsor to those who invest, are skilled workers, entrepreneurs, or specialized talents; such options are made for 10 years in terms of residency.
The tax benefits of the UAE, especially zero income tax, are an attractive proposition for business owners and entrepreneurs alike. It has a living economy, modern infrastructure, and cosmopolitan lifestyle.
However, the strategic location offers access to international markets for the businesses, thus making this a good location for an international operation.
Portugal
Portugal is turning out to be a hotspot for people hoping to acquire long-term European residency, largely owing to its Golden Visa programme. Investors can get residence with property investment or hefty investments in the country.
The cost of living in Portugal is pretty low. However, it has some of the world’s most beautiful landscapes. It also prides itself on an excellent health and educational system. The cherry on top for this location is that tax breaks to foreign retirees offered by the government make it one of the most appealing destinations.
Canada
Canada is highly acknowledged for its open and welcoming policies of immigration. Actually, one of the most popular selections for long-term residence, the province has different programs under the various streams with its Provincial Nominee Programs, which along with Express Entry opens a chance of permanent residence in Canada for the province’s skilled workers and entrepreneurs.
Australia
Australia has remained one of the hotspots in people seeking long-term residency. Economic opportunities, lifestyle, and quality health care keep a spot in people’s eyes. Through skilled migration and business owner visas, the country makes most professionals and entrepreneurs achieve permanent residence.
Spain
Spain remains the most sought-after destination with benefits regarding lifestyle and finances. Some other long-term residency options can be the Golden Visa by purchasing real estate or putting money into businesses. Its Mediterranean climate, easy living, and great cultural heritage make Spain a very comfortable destination for expatriates.
Conclusion
The selection would depend on several criteria such as tax advantages, business potential, way of living, and legal system in a particular country. Portugal, Canada, Australia, and Spain have a diverse range of opportunities for those who seek to grow on a personal and professional level.
At Maydor Consultants, we provide expertise in residency options that meet your financial goals and lifestyle aspirations. Want to Apply for Golden VISA UAE, contact us today!