The United Arab Emirates is one of the most attractive business destinations worldwide. UAE Residency by investment is aimed at providing long-term residence to foreign investors, entrepreneurs, and talented individuals including specialists, students, and researchers who make a significant investment in the country.
UAE long-term residence visa is available under two time-frames 10-year and 5-year. Here are some eligible categories:
10-Year UAE Residence Visa for Investors
If you’d like to make an application as an investor, you’re ready to make a public investment of at least AED 10 million.
Your visa can be extended to include your business partners. The condition is that if each partner contributes AED 10 million.
FAMILY MEMBERS and COLLEAGUES
UAE long-term visa can include your spouse and children. You can also extend your visa to one executive director and one advisor. International investors are also eligible to apply for a multiple-entry permit for six months.
10-Year UAE Residence Visa for Special Talents
Specialists and researchers in the disciplines of science and knowledge, such as doctors, scientists, and inventors, as well as creative individuals in the fields of culture and art, are eligible. The spouse and children are also eligible. A legitimate job contract in a specialized field of priority in the UAE is required for all categories.
5-Year UAE Residence Visa for Investors
A 5-year UAE visa is available for investors, entrepreneurs, and outstanding students. If you’d like to make an application as an investor, you’re ready to make a property investment. The gross value of the property is required to be a minimum of AED 5 million.
5-Year UAE Residence Visa for Entrepreneurs
If you’re an entrepreneur with an existing project with a capital of AED 500,000 or have been approved by an accredited business incubator in the UAE, you might be eligible. You can extend your visa to your spouse, children, partner, and three executives.
Under this category, you’re going to be granted a multi-entry visa for six months, which is renewable for another six months.
5-Year UAE Residence Visa for Students
If you’re an outstanding student, you can be eligible for this scheme.
The requirement is that you’ve got a minimum grade of 95% in public and private secondary schools. University students, within UAE and from outside, can be eligible too if they have a distinction GPA of at least 3.75 upon graduation. You can also extend your visa to your family.
The requirements and qualifications required to obtain United Arab Emirates residency or citizenship are listed above in the “About United Arab Emirates Citizenship and Residency” section.
Step 1: Get Your Entry Visa to the UAE – if you need a visa to enter the UAE, you can get an entry visa before you submit your official application. Your application will be examined by the authority, and approved, you will be issued a multiple-entry visa good for six months.
Step 2: Complete Your Investment – complete your investment before submitting your application with all required supporting documentation.
Step 3: Start Your Application – once you complete your investment, you can start your application. The application can either be made in Abu Dhabi or Dubai. You can also start your application online through the designated portal. After you complete this process, you’ll receive a text message and an email regarding the status of your application. If there required documents are missing from the application, you’ll be given 30 days to provide them; otherwise, your application will be canceled. In case there are no missing documents in the application, you’ll be notified of the approval and the approved application will be sent by email.
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Privacy World can also help you with incorporating your company in the United Arab Emirates, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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This takes anywhere between 3-20 days, all depending on how long it may take to conduct your background check. Then receive an entry permit, entry permit is a document allowing you to enter the country for the purpose of finalizing your resident visa process.
Dual citizenship is not recognized in United Arab Emirates. To become a citizen of United Arab Emirates, you must renounce your previous nationality.
Yes, you are required to visit the country to finalized you visa process.
Yes, you can include your spouse and children.
The UAE does not levy a tax on income. Therefore, no need for an income tax return in the UAE as there is no applicable individual tax within the country.
There are currently no wealth/worth taxes imposed on individuals in the United Arab Emirates.
There are currently no inheritance, estate or gift taxes imposed on individuals in the United Arab Emirates.