UAE Removes Ban on Nigerians, Opening Doors of Opportunity

In a significant diplomatic breakthrough, the United Arab Emirates (UAE) has officially lifted the visa ban that had been in place for Nigerian travelers for nearly a year. This momentous development is the result of a historic agreement between President Bola Tinubu and UAE President, His Highness Sheikh Mohammed Bin Zayed Al Nhayan.

This blog explores the details of this transformative agreement, its implications, and the promising opportunities it brings for both nations.

Reopening Air Travel with Immediate Effect

Both Etihad Airlines and Emirates Airlines are now set to immediately resume their flight schedules to and from Nigeria, marking a significant step towards the normalization of travel between the two nations.

Two Great Opportunities Open: UAE Company Formation & UAE Golden Visa

Beyond the immediate relief of visa restrictions being lifted, this agreement between Nigeria and the UAE carries an even more attracting prospect for Nigerian citizens: the opportunity to gain residency in the UAE. Two great methods to obtaining residency in the UAE is through Company Formation & Golden Visa.

UAE Company Formation:

Business owners & entrepreneurs can now setup their company in one of the best business environments in the world. By setting up your business in the UAE, you will be eligible for a 2 year investor visa in which you can also sponsor your family.


Key Details:

  1. Minimum Cost: $20,000 USD (₦20,000,000 Million NGN)
  2. Residency: 2-Year Investor Visa (Renewable & Allows Sponsorship of Family)
  3. Tax Benefits: For business with a net profit lower than 375,000 AED (₦100 Million NGN) there is a 0% tax rate, whereas above 375,000 AED there will be a 9% tax rate*.

UAE Golden Visa:

For Nigerians looking to get residency and earn great returns on their investment or have property in the UAE, then the Golden Visa is a great option. By purchasing a property over the value of 2,000,000 AED (₦520 Million NGN), you would be eligible for the UAE Golden Visa and benefit from 10-Year residency.

Key Details:

  1. Minimum Cost: 2,000,000 AED (₦520 Million NGN)
  2. Residency: 10-Year Investor Visa (Renewable & Allows Sponsorship of Family)
  3. High Return -On-Investment: 8 – 10% average return-on-investment per annum, and property value is highly likely to increase in the rapidly growing country of UAE.

As Nigerians consider their options in the wake of the visa ban’s removal, residency through Golden Visa or Company Formation stands as exciting prospects, offering a pathway to not only residency but also to a world of opportunities and great quality of life in the UAE. It is a testament to the evolving and mutually beneficial relationship between Nigeria and the UAE, where investment and entrepreneurship goes beyond borders and opens new horizons for the people of both nations.


If you are a Nigerian and interested in the UAE Golden Visa or Company Formation, Contact Us!As a Dubai-based Citizenship & Residency by Investment Company, we offer our services to individuals from all eligible countries, helping them acquire the highly sought-after UAE Golden Visa or Company Formation. Reach out to us, and we will gladly assist you and your family in expanding your horizons.

New Foreign Currency Exhange Liquidity Program

Additionally, President Tinubu has successfully negotiated a new foreign exchange liquidity program between the two nations, the details of which will be unveiled in the forthcoming weeks. This program is set to address currency-related challenges and further enhance economic cooperation between Nigeria and the UAE.


To Summarize The News:

  1. UAE lifts visa ban on Nigerians.
  2. Etihad and Emirates Airlines Open Flights with Immediate Effect
  3. Visa ban removal now allows long-term residency & investment solutions such as the UAE Golden Visa and Company Formation for Nigerians.
  4. New Foreign Currency Exchange Liquidity Program to be detailed in upcoming weeks.
  5. Relations between Nigeria and UAE to strengthen.

Conclusion

President Tinubu expressed his deep appreciation to UAE President Mohamed bin Zayed Al Nahyan for his unwavering friendship and determination to collaborate in reestablishing and enhancing the quality of relations between these two significant countries.

In conclusion, the lifting of the UAE visa ban on Nigerians and the subsequent agreements represent a promising turning point in the relationship between these two nations. With restored travel connections and substantial investments on the horizon, both Nigeria and the UAE stand to benefit from this historic accord. The future holds great promise as doors of opportunity swing open, fostering stronger ties and economic growth for both countries.

Official Tweet From President Bola Ahmed Tinubu:


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