Obtaining residency in Dubai opens up numerous opportunities for foreigners to live, do business, and work. This process offers a wide range of benefits for both personal life and business activity.
In this article, we will explore in detail how to obtain residency in Dubai and what advantages it offers.
Why consider residency in Dubai?
Residents of the UAE have almost equal rights with citizens of the emirates. For foreigners, this is a chance to immigrate to an economically prosperous and politically stable country with a high standard of living.
Since there is no concept of a residence permit in the UAE. There are 7 ways to obtain a visa, and any of them can be chosen.
A residency visa holder is not required to stay permanently in the UAE. You can also obtain a driver’s license that is recognized in 50 countries around the world.
Residents can move with their relatives through a special service.
Unique advantages of residency in Dubai: Open doors to new horizons
Residency in Dubai provides a number of unique advantages:
- Residents are entitled to quality healthcare.
- Access to government agencies.
- Ability to access international schools and universities.
- Open bank accounts.
- UAE residents are exempt from personal income tax.
- Residents can open a business and enjoy benefits.
How to obtain residency in Dubai: From the first steps to the coveted visa
To obtain a residency visa in Dubai, follow this step-by-step guide:
- Determine the method of obtaining residency: This can be through a work visa, investment in real estate, or starting a business.
- Prepare the necessary documents. If you need to add relatives, collect their information. Depending on the method of obtaining, different documents will be required. Make their translation.
- The application can be submitted online or at the office for visa and citizenship matters.
- Be sure to undergo medical tests at accredited institutions in the UAE.
- After your application is approved, obtain your visa and enjoy new opportunities.
- Certification of copies of documents by a notary.
What documents are needed for successful visa processing?
To obtain a residency visa in Dubai, the following set of documents is required:
- Foreign passport: The validity must exceed the duration of your stay in the UAE.
- Several passport-sized photos are usually required.
- Medical certificate from a clinic in the UAE. Confirmation of the absence of infectious diseases.
- Criminal record certificate: Issued in your country.
- Proof of financial solvency: This could be a bank statement or salary certificate.
Starting a business in Dubai: What doors does residency open for you?
Obtaining residency in Dubai provides the opportunity to start your own business. Here’s what you need to know:
- Determine what type of business you want to open (trade, services, manufacturing, etc.).
- The company registration process can be done through the Dubai Department of Economic Development.
- Depending on the type of business, you will need the appropriate license.
- To obtain a residency visa for up to 10 years, you must invest at least 500,000 AED (136,000 $) in the business.
- Many expats have obtained residency precisely through investments in real estate. Investments in real estate starting from 750,000 AED (204,000 $) allow you to obtain a 2-year visa. If the amount is 2,000,000 AED (545,000 $), the visa is issued for 10 years. For example, properties can be rented out for profit.
Tax and financial aspects of residency: A true financial paradise
The UAE offers a unique tax system.
In the United Arab Emirates, the corporate tax rate is 9% for income exceeding 375,000 dirhams (100,000 USD) per year. If the income is below this amount, the tax rate is 0%.
A low VAT rate (5%) compared to other countries. Various tax incentives for new companies.
How to choose an agency for residency processing in Dubai?
When choosing an agency for residency processing in Dubai, pay attention to:
- Check reviews and ratings of the agency.
- Find out how long the agency has been in the market.
- Ensure they provide a full range of services for visa and residency processing.
Alternatives: Is it worth considering residency in other emirates?
Any residency visa issued in any emirate confirms the status of a resident of the UAE. This allows you to live in the country, rent housing, and apply for visas for family members, as well as educate children in local schools and universities.
While Dubai is the most popular choice for obtaining residency, other emirates also offer interesting opportunities. For example:
- Abu Dhabi — the capital of the UAE, with a developed economy and high living standards.
- Sharjah — known for its educational institutions and lower housing prices.
Final step: What to do after obtaining residency in Dubai?
After obtaining residency in Dubai, it is important to:
- Open a bank account.
- Register in the healthcare system. Because expats can only receive paid assistance.
- Find accommodation for living.
- Familiarize yourself with local laws and regulations.
Residency in Dubai as a start to a successful future
No matter what type of visa you choose, this is a step towards new opportunities. There may be difficulties along this path.
To avoid problems, contact the experts at Livrichy for real estate issues. They will address any of your requests.
sources used
- Ministry of Economy of the UAE https://www.moec.gov.ae
- Serving authenticated documents https://www.mofa.gov.sa/ar/eservices/Pages/svc31.aspx
- https://www.mofa.gov.sa/en/Pages/default.aspx
