Guide for Obtaining Permanent Residency in the UAE
UAE has always remained the top choice of people immigrating to other countries. Individuals who want to move to other countries with their families, entrepreneurs, investors, and business owners have been waiting for a long time to hear the news of permanent residency visas in the UAE.
Permanent Residency Visa
From 2019, UAE has announced providing permanent residence to exceptional professionals. Investors, scientists, artists, engineers, and exceptional doctors can apply for a permanent residency visa with the help of Dubai lawyers.
This visa is also called a Gold Card in UAE which lasts from five to ten years. In the first round of granting the permanent visa, there were approximately 6500 people who got benefitted from it. The applicants should ensure that they will abide by the legislation of UA during their stay.
The cherry on the cake is
that the spouse and children of gold cardholders in the UAE atomically get the
status of a permanent resident as per the law. They are can also take 100%
ownership of assets and business by getting guidance from legal entities
without an Emirati partner.
· Get an Employment
Applying for a residency permit after securing a job in UAE is an easier way. This type of residency visa lasts up to 3 years. Most companies do not sponsor their employees for a residency permit. However, they can assist you in handling the application procedures and visa fees as per the employment contract and labor law of the UAE.
- Buy a Property
Purchase a real estate property in UAE and you will be allowed to obtain a residency visa. This option is useful for investors and business owners because they have a high income. The property's worth should be greater than 1 million AED to become eligible for the visa. Visa holders are allowed to stay for 2 years.
- Company Formation
An individual registering
a company in a free zone or any other state of emirate can obtain a residency
visa. You can get the assistance of Dubai lawyers in this regard. This visa allows ex-pats to open an offshore company
in partnership with a UAE citizen whereas free zones allow 100% ownership of
the business. The validity period for this type of visa is three years.
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