Essentially, Dubai has started offering the easiest residency permit not only to Russians but also to residents of any country, including Latvia.
What does it mean - the easiest way to obtain a residency permit in Dubai?
They have canceled the minimum investment threshold in real estate for obtaining a two-year residency permit — reported on the Dubai Land Department's page.
Previously, to obtain an investment residency permit, it was required to purchase real estate in Dubai for at least 750,000 dirhams (more than 15 million rubles or about 170,000 euros).
Why has such a law been adopted now - remains to be guessed... As well as which country's residents will try to take advantage of it...
Did Latvia need this money? Yes, for what...
