The countries of West Asia are very attractive for tourists, there is a place to relax and admire. The UAE is the richest and highly developed country of oil magnates, so people from all corners of the world are eager to go there. After all, in addition to mining minerals, in the Emirates you can engage in any activity, set up a business and get a decent salary, there are all conditions for this.
The most popular emirates are Abu Dhabi and Dubai, where it is possible to reside legally on a permanent basis with an issued permit. UAE Golden Visa program is available to wealthy foreigners ready to invest in business or real estate, freelancers, students and employed immigrants.
It should be noted that it is possible to use a short-term visa, which is called sponsorship. In this case, you will have to work for a director. In this situation, the sponsor is the director of the company where you will be hired. And it is he who is in charge of issuing the permit. However, there are other types of visas (long-term), which, in turn, are divided into subtypes of business passes.
Key Investment Ways for Obtaining Golden Residence Visa
When opening a corporate or personal account, one of the main documents required by banks is the applicant’s identity card – Emirates ID. This is the residency certificate. The second type of UAE business visa can be divided into these subspecies:
• UAE golden visa;
• long-term investor visa (implementation of your business project);
• for entrepreneurs;
• freelancer (green).
As for the first option, only solid citizens who can contribute more than 2 million dirhams to the economy of the state or the purchase of real estate are eligible. At the same time, the cost of the certificate itself will be from 2000 dirhams. It is designed for students, working businessmen, and does not depend on the sponsor. You can also be a specialist in your industry, for example, a good artist or scientist, in this case money matters, the main thing is to prove your abilities and argue the facts of development in the field of technology, medicine and other areas. The document is issued for 5–10 years with the possibility of extension.
Benefits of the UAE Business Residence Visa
The Emirates ranked 4th in the world in terms of attractiveness of moving for permanent residence. The main reasons for this popularity are the high standard of living, stable economy and security in the country. The benefits of Dubai Golden Visa also include a simplified taxation system.
The benefits of Dubai Golden Visa include:
• soft tax system
• The benefits of Dubai Golden Visa include: a lenient tax system;
• access to the market of resources in;
• favorable economic position
• availability of health insurance and high quality care; many communities and coworking spaces; and the availability of health insurance.
• many communities and coworking centers; multicultural environment in;
• multicultural environment
• opportunities for short- or long-term stays.
So, the benefits are endless, and for those who are looking to develop their business outside their home country or who want to register as an entrepreneur, relocation will be very useful.
Eligibility Criteria for the UAE Business Residence Visa
2-year “permits” can be obtained by entrepreneurs who have invested in the opening of a company from 750 thousand AED in one of the free economic zones. 10-year certificates are issued to future residents who have purchased real estate for the amount of 2 million AED or more. The applicant must be 18 years old at the time of signing the documents for immigration, and there must be no criminal background in their past. All applicants are required to obtain health insurance and to prove their solvency not by words but by documents. For registration, you should contact ICP and write an application, you can include dependents who will go with you to live together. Then it is necessary to send all the documents required and make an investment. Then biometric verification and approval of the candidate follows.
Application Process for the UAE Business Residence Visa
The standard process involves six steps:
• Fill in the online application form for a “pass”. In it, you must provide personal and professional data of the applicant, and in the case of a family/study/UAE business residence visa, information about the sponsor (usually the sponsor or the inviting party).
• Provide the required documents: passport copy, photos, entry visa, etc.
• Pay the visa fee online or at an accredited center. The fee varies depending on the type of pass.
• Wait for your application to be approved.
• Once you obtain an approval, you will receive an email or SMS notification including the status of your application and the deadline.
• Receive the document at the nearest immigration office or arrange to have it delivered by courier.
You can submit your legal papers either online at the website of the General Directorate of Residency and Foreigners (GDRFA Dubai) or the Federal Authority for Identity & Citizenship, or in person when you arrive in the country.
Bottom Line
According to expert Zlata Erlach (Immigrant Invest company), in order to move, it is not necessary to undergo naturalization, it is enough to apply through an immigration company and get a pass. The permit allows wealthy or talented individuals to live, work, receive higher and secondary education at a high level, own a business and enjoy the benefits of civilization to the fullest extent.
