For many relocating to the UAE, the Golden Visa is seen as the ultimate ticket to long-term residency. However, not everyone qualifies.
Golden Visa requirements can be complex, costly, and time-consuming, particularly when they involve setting up corporate structures or applying for activity-specific business licences. And once you're in the country, another challenge often shows up unexpectedly - accessing mortgage finance.
Most UAE banks have one main criterion for lending: local, salaried employment with a valid visa. This excludes a large segment of the international population:
- Entrepreneurs without a fixed salary
- HNWIs with non-domestic or diverse global income streams
- Individuals paid through offshore or unconventional structures
These are financially secure individuals, but they get rejected for mortgage finance simply because they don’t fit the conventional mould.
At Convici Capital, we’ve spent a lot of time with these clients. And we’ve built a solution.
Through an employer of record arrangement, a foreign business can move its people to the UAE without setting up a physical presence.
Here’s how it works:
- The foreign company partners with a licensed UAE agent
- The agent issues a residency visa and a local employment contract
- The company pays the individual’s salary to the agent, who then pays it to the employee via WPS, the UAE’s legal payroll system
In practice, this unlocks:
- Legal employment and residency in the UAE
- Access to mortgage finance based on local salary
- A fast, flexible, low-cost pathway to living and working in Dubai
It works for entrepreneurs, remote workers, business owners, and HNW clients alike.
We’ve already relocated multiple families this year using this structure, and helped them secure property finance they otherwise wouldn’t have been eligible for. If you, your clients, or your contacts are looking for a clean and compliant way to live or invest in the UAE, without the red tape, drop us a line at Convici Capital.