A 2016 report on Global Residence and Citizenship Programs (GRCP) compiled by Henley & Partners has rated the United Arab Emirates (UAE) among the best 19 countries for investment-based residency, the company recently revealed from Dubai.
Henley & Partners serves individuals and families of means with residence and citizenship planning via more than two dozen worldwide offices in Europe, North America, Asia and the Middle East. With globalization on the rise, the company was conceived in the 1990s to explore and accommodate the increasingly complex needs for mobile entrepreneurs, investors and others.
The company operates its Dubai branch under the leadership of Marco Gantenbein and Christina Federle. Henley & Partners uses a scale termed the Global Residence Program Index (GRPI) to measure and rank each country.
"Globally and particularly in the MENA region, the UAE continues to be a leading and preferred destination for residence and ranks very highly in our annual indexes,” Gantenbein said. “This year, the UAE has been able to move up two spots from last year's ranking, especially because it scores well on some of the residence benchmark indicators, including reputation, quality of life, taxation, processing time and quality of processing."
Additional desirable characteristics for domicile include the qualities of visa-free access, transparency, compliance, investment requirements, total costs and citizenship waiting time and regulations.
The Global Citizenship Program Index (GCPI) analysis for 2016 placed Portugal, Belgium, Austria, Malta, U.K., Australia, U.S., Canada, Switzerland, Spain, Jersey, Latvia, UAE, Monaco, Singapore, Cyprus, Hong Kong, Greece and Bulgaria first through 19th, respectively.