Types of Residence Visas in UAE: Choose the Right One for You
The UAE government provides various type of residence visa options to attract international businesses and professionals and establish careers or invest while residing in the Emirates. It has a dynamic business landscape for earning passive income, a growing economy to expand the business, and a diverse culture for families. Whether you are an investor, a business entity, or a specialized professional, you can acquire the best residency option with multiple benefits. Let’s explore multiple types of residence visas in the UAE and choose the one that fits your budget requirements and helps you accomplish your goals. UAE Residency Visa for Ten Years This resident visa is also known as Golden Visa, a prestigious visa for expatriates. However, this visa requires specific conditions and investment and the individuals must fulfill the requirements to acquire this visa category. This visa is valid for ten years and will renew continuously. See the criteria and prerequisites below. Requirements and Guidelines for a Ten-Year Residency Visa: A UAE investment of at least AED ten million and keep for at least three years. Being the owner of a firm in the UAE with a capital of at least AED ten million. Partnering with a UAE-based firm with a share worth at least AED ten million. Invest at least AED ten million, and sixty percent of the total investments should be in the business sector. The loan can’t be adjusted as an investment. UAE Residency Visa for Five Years The five-year residency option is the investor visa in Dubai for international investors. They need to invest a certain amount for purchasing UAE property to acquire this visa. However, they must hold the investment for at least three years to continue. This visa is renewable after five years with a certain fee. Requirements for a Five-Year Residency Visa: The funds that are invested should not constitute a loan. The property must be held for three years. The property’s overall worth should not be less than AED five million. Required Papers for the Five-Year Visa: This type of residence visa in the UAE requires a previous visa, a valid passport copy, a recent picture, an asset’s sale deed, a moral conduct certificate from the home country, the last six months’ bank statement, copies of utility bills, and valid health insurance. UAE Residency Visa for Retired Individuals Retired individuals over the age of fifty-five can acquire this visa category to reside in the Emirates. It’s a renewable visa and valid for five years. However, these types of resident visas in the UAE have specific requirements, restrictions, complex procedures, and various conditions for approval. The retired individual applying must have an investment in a real estate property valued at AED two million. The candidate must have funds of AED one million or greater. The applicant can combine property ownership with savings in the UAE, at least AED two million. Documents Required for Retirement Residency Visa: Applicants must provide the following copies of their Passport (applicants and dependents, if applicable), Marriage certificate (applicants are spouses), Current UAE residence visa, and Emirates ID card. Documents for Property and Savings: Title deed copies, bank statement, retirement letter, and proof of savings with UAE letter. Documents for Fixed Income: Retirement letter, Proof of income, and a Bank statement for the previous six months. UAE Employment Residency Visa Workers and laborers in UAE industries and organizations can acquire this residency visa. This residency visa enables people to reside and work in the UAE with legal authorities. Its validity is two to three years, depending on the jurisdictions in the UAE. Employment Residency Visa Employer Sponsorship The individual’s company will be a sponsor, allowing them to acquire this residency visa. The sponsor can be a public or private entity or a government organization with the facility. Documents Required for Employment Residency Visa The organization and employees are needed to provide the following documents: For Mainland company employers; The company required a trade license, business immigration card, and business labor card for this visa. For employee: The employees required their passports, recent photos (white background), educational certificates, medical test reports, and Health Insurance. For free zone company employer: The company required an online visa application, trade License, immigration card for business, and office lease agreement for this employee residency visa. For employee: Workers require their passports, recent photos, copies of appointment letters, educational certificates, medical reports, and Health Insurance. UAE Student Residency Visa Students interested in applying to colleges and universities in the UAE can obtain a student residence visa. This visa is valid for one year; the student must apply for renewal based on a yearly schedule until the student’s learning process is complete. Documents Required for Student Residency Visa The required documents to obtain this type of residence visa in UAE are a passport copy (validity of at least six months), a current photo, visa and tuition fees invoices, a current visa copy, and an admission letter copy. UAE Remote Work Residency Visa: If you already work remotely in a UAE company and are interested in living in Dubai, you may take advantage of this opportunity. Dubai’s government provides the Remote Working Visa, which allows you to reside in the kingdom and enjoy its gorgeous living environment. It is valid for one year and renewable. Documents Required for Remote Workers Residency Visa The remote workers required a valid passport for six months, health insurance with UAE coverage validity, evidence of employment from the current employer with a contract of at least one year of validity, proof of a minimum five thousand USD monthly income, pay slip for the last month, and bank statements for three consecutive months. Documents Required for Remote Work Business Owners Residency Visa Proof of ownership of your firm for at least one year. A document proving that your typical monthly income is five thousand USD. Bank statements for three months. Unlock the Endless Possibilities with UAE Residency through Connect Freelance The UAE’s residency choices include more than just a visa to