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Latest News and all That You Should Know for Doing Business in the UAE

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  • June 24, 2020
  • 10:00 PM
  • UAE

If you are planning to live or work in the United Arab Emirates long-term, you will need a UAE Residency Visa. To start with, you will be required to submit an application in order to obtain your UAE Residency Visa. An Entry Permit will be issued by the Immigration Authority, known as General Directorate of Residency and Foreign Affairs (GDRFA). Once your Entry Permit is issued you will be required to go through a simple medical test in any of the medical fitness centers across the Emirate, approved by the Dubai Health Authority, and then apply for the Emirates Identity Card. Once your Residency Visa is stamped in your Passport, your Emirates ID card will be also issued. With the ID card in your hand you will be recognized as an official UAE Resident.
 
With a UAE Visa you will be granted several benefits:

  • Open a Personal/Corporate Bank Account
  • Apply for a Bank Loan
  • Apply for a Driver’s License
  • Your children can attend UAE Government or Private Schools
  • Get access to Government Healthcare Services and Health Insurance

 
To be eligible for a Residency Visa in the UAE you must meet certain criteria, such as:

  • Working in the UAE
  • Studying in any of the Educational Institutes in the UAE
  • Investing in the UAE (setup a business)
  • Purchasing a Real Estate Property (value over 1 million AED)
  • Be the dependent of a Foreign Resident (spouse, parent, close relative, maid)
  • Retire in the UAE

 
Types of UAE Residency Visas:

  • Employee Visa – sponsored by an employer
  • Student Visa – sponsored directly by a UAE college or university.
  • Investment Visa – whose business company/property will directly serve as a sponsor.
  • Dependency (Family)- sponsored directly by a close family member

 
Duration of a Residency Visa

Most UAE Residency Visas last for either 1,2 or 3 years and upon their expiration date they can be renewed.
Recently the UAE government has offered to extend the duration of the Investment Visa, also known as long-term visa, up to 5-10 years if the holder meets special criteria (investment or holding property in UAE for over 1 million AED).

 

To know more about a UAE Investor Visa and to find out how Profikuo Consultancy can assist you and your family to apply for one read “Get your Investor Visa in the UAE” or contact us at info@profikuo.com