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Residency conditions in the UAE

Residency conditions in the UAE

٠١ مايو Residency conditions in the UAE

Before we talk about the conditions for permanent residency in the UAE for investment, we must first get to know the reasons for permanent residency in the UAE to invest with their money there instead of investing in their country.

Reasons for permanent residence and investment in the UAE

The UAE has many, many advantages that make it the country that occupies the first place in investment and the direction of most capital to it, and this is due to its possession of several advantages that make it the first country for investment in the world, and the most important of those features that make individuals love and prefer it over the rest of the country are the following:

Its strategic location:

The UAE has a strategic location of its own and is very important, as it is between the East and the West. It helps all businessmen and investors to access the most important and largest global markets located everywhere, And also various major and core business centers in Europe, Asia, Africa, the Pacific, And North America too.

Its advanced infrastructure:

As for the infrastructure of the UAE, it is characterized as being the most developed in the world. This is due to the dedication, strengthening and revitalization of the huge capitals that work to strengthen and stabilize its infrastructure. This is in order to achieve the vision of the United Arab Emirates in 2021, which aims to make the country one of the best countries in the whole world, according to the strategy of green and sustainable development that it developed.

Various business facilities of its own:

In the United Arab Emirates, there are many different options for business establishment facilities andIncorporation of companies in Dubai , and according to your activity and the capital available to you, you can establish any business or activity Establishing an investment company in Dubai in the various emirates of the country, or establishing an investment company in free zones, or establishing a company in Jebel Ali, This diversity extends to include business centers, shopping centers as well, commercial towers, various industrial areas, and more than 35 free zones with various and varied activities.

Its political stability:

The political stability in the UAE is the most important feature that distinguishes the UAE and makes it the first country in the world to invest and attract money to it from all other countries. Therefore, individuals resort to it for permanent residence in it, in any country that helps stability to establish a company in the UAE, or establish a company in Jebel Ali, or establish a company in the free zone.

have social stability:

Social stability is the most important feature that distinguishes the UAE, and this means that it is a safe country, as its crime rate represents a very small percentage that is almost non-existent compared to all other countries. Investment companies in it, meaning that it is considered a very comfortable country for anyone who wants to reside in it or invest their money in it. The UAE government is also working to provide ways and means to take permanent residence and invest in the Emirates.

Ease of doing business:

The United Arab Emirates enjoys ease of doing business in it, and in 2019 it got the best country in facilitating and facilitating business. It also ranked first in the world, and this made it the first to receive investment and is considered one of the largest countries in establishing investment companies in it.

Protection of its intellectual property rights:

The UAE is interested in protecting all intellectual rights and preventing them from piracy and protecting the trademarks of every investment company in it, whether this company is an investment company in the free zone or an investment company in Jebel Ali, and it has developed and enacted special laws to prevent piracy.

 

Residency conditions in the UAE
Residency conditions in the UAE

 

Investing in the Emirates through residency: –

Real estate investment may be considered one of the best investment steps in the UAE . However, it is subject to several rules and conditions that are determined and regulated by the Dubai Real Estate Law, which was issued in 2009, as follows:

  • The value of the property must not be less than 1,000,000 AED.
  • The property must be fully constructed.
  • The investor must provide a stable monthly income, which must not be less than 10,000 dirhams.
  • A work visa must be obtained by submitting an application to the competent authority after paying the fees required to obtain the visa and paying the property price in full to the property owner.
  • It is necessary to ensure the safety of the investor’s health and carry out several procedures for the medical examinations required on him so that he must enjoy good health who wants to invest and reside in the Emirates and make sure that he does not have any disease that is contagious to other people, And to pass the medical examinations assigned to him, Knowing that the medical examination will be repeated once again when renewing the residency.
  • An application must be submitted by the person who wants to reside and invest in the Emirates, as he himself submits an application to the Department (General Directorate of Residency and Foreigners Affairs) with a personal photo and a copy of his passport, The original title deed of his real estate, but it is required that it be in his name only. and to pay the visa fee in full, After completing these procedures, he will be granted residency in the UAE for a period of two years, renewable, and if there is no impediment to residency and investment in the UAE.

Conditions for permanent residence in the UAE:

As for the conditions for permanent residence in the UAE, several conditions must be met, as follows:

For a work visa:

And it is considered one of the most important things that must be obtained in terms of permanent residence in the UAE, is to take a work visa for work in the Emirates, because by obtaining this visa, the individual has the right to obtain any investment in companies established in the Emirates, and he can also obtain that visa through Private companies in the private sector, and this is by paying the special fees to extract it and carrying out some necessary medical examinations, and all this takes only 10 days.

For real estate ownership:

And any foreign person from the UAE, once he obtains ownership of the property in the Emirates for any type of real estate established in the Emirates, this is considered one of the reasons that contribute to obtaining permanent residence in the Emirates and it also serves as a commercial license in exchange for a little money, as it is completely different For a work visa or a visit visa.

With regard to the work of the wife or husband:

Among the things that guarantee a foreign person obtaining a permanent residence visa in the Emirates is the work of the husband or the wife’s work in the same country (the United Arab Emirates), Because in this case, by simply working for the husband or wife, the husband or wife who works in the UAE is a full guarantee that he applies to the company in which he works to obtain permanent residence for the other party, and the company submits the application to the competent authority to obtain permanent residence for the other party with our responsibility All costs.

For self-employment:

Obtaining a permanent residence visa in the UAE is also through self-employment. This means that the person works independently of his own, However, he is required to have his own commercial license, and he can obtain this license in exchange for a sum of money, but this amount varies according to the type of free zone he wants to work in, but it ranges from two thousand five hundred dirhams to sixteen thousand dirhams.

For businessmen:

A permanent residence visa in the UAE for businessmen can be obtained through (Dubai Silicon Oasis).

For establishing a company:

A permanent residence visa can be obtained in the UAE by establishing an investment company in the UAE.

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