Before talking about the conditions for permanent residency in the Emirates for investment, we must first know the reasons for permanent residency in the Emirates to invest their money there instead of investing in their country.
Reasons for permanent residency and investment in the Emirates
The UAE has many, many advantages that make it the country that occupies the first place in investment and the majority of capital is directed to it. This is due to its possession of several features that make it the first investment country in the world. Among the most important of those features that make individuals love it and prefer it over the rest of the countries are the following:
Its strategic location:
The UAE has its own strategic location, which is very important, as it is located between the East and the West, which helps all businessmen and investors reach the most important and largest global markets located everywhere, as well as various major and basic business centers in Europe, Asia, Africa, the Pacific, and North America as well.
Its advanced infrastructure:
As for the infrastructure of the UAE, it is characterized as being the most developed in the world, and this is due to the dedication, strengthening and activation of huge capital that works to strengthen and stabilize its infrastructure, and this is in fulfillment of the vision of the United Arab Emirates in 2021, which aims to make the country one of the best countries in the world. The whole world is in accordance with the green and sustainable development strategy that it has developed.
Various business facilities of its own:
In the United Arab Emirates, there are several diverse options for facilities for establishing businesses and establishing companies in Dubai , and according to your activity and the capital you have available, you can establish any business activity or establish an investment company in Dubai in the various emirates of the country or establish an investment company in free zones or Establishing a company in Jebel Ali , and this diversity extends to include business centers, shopping centers as well, commercial towers, various industrial areas, and more than 35 free zones with different and varied activities.
Its political stability:
The political stability that exists in the Emirates is considered the most important thing that distinguishes the Emirates and makes it the first country in the world for investment and attracting money to it from all other countries. This is due to the fact that it enjoys stability, security and security, and this is what any investor or any ordinary individual who wants to live and survive in safety and stability. Therefore, individuals resort to it for permanent residence . In any country, stability helps establish a company in the Emirates , establish a company in Jebel Ali , or establish a company in the free zone .
Its social stability:
Social stability is considered the most important thing that distinguishes the UAE, and this means that it is a safe country, as its crime rate represents a very small percentage, almost non-existent, compared to all other countries. It also enjoys providing entertainment means for the people in charge of it, and it also enjoys providing various means of work in order to allow the establishment of… There are investment companies in it , meaning that it is considered a very comfortable country for anyone who wants to reside there or invest his money in it. The UAE government is also working to provide ways and means to obtain permanent residency and invest in the Emirates .
Ease of doing business:
The United Arab Emirates enjoys the ease of doing business in it, and in 2019 it was ranked the best country in facilitating and facilitating business. It also ranked first in the world, and this is what made it the first to receive investment and it is considered one of the largest countries in establishing investment companies in it .
Protecting intellectual property rights therein:
The United Arab Emirates is interested in protecting all intellectual rights, preventing them from piracy, and protecting the trademarks of every investment company, whether this company is an investment company in the free zone or an investment company in Jebel Ali . It has developed and enacted special laws to prevent piracy.
Advantages of permanent residency in the UAE
Permanent residency in the UAE has a number of advantages that make it attractive to many people wishing to settle and work in this country. Here are some features in detail:
- The right to reside at all times : Once you obtain permanent residency in the UAE, you have the right to reside in the country at all times without having to renew your visa or residency.
- Freedom to work : As a permanent resident, you have the right to work in any field without the need for a work permit, which provides you with more freedom and independence in choosing your field of work.
- Real Estate Property Rights : Permanent residency holders are allowed to purchase real estate in the UAE in some specific areas, providing them with the opportunity to invest in real estate and provide permanent shelter for themselves and their families.
- Education and Healthcare : Permanent residency holders and their families have access to educational and healthcare services provided in the UAE, including public and private schools, hospitals and clinics.
- Family stability : Thanks to permanent residency, individuals and their families can settle permanently in the Emirates, providing a safe and stable environment for raising children and developing family life.
- Social Insurance : Permanent residency provides individuals with social insurance rights and benefits from social programs and services provided by the government.
- Travel and visa opportunities : Permanent residency holders have the right to travel within the Emirates freely, and it also provides them with additional benefits when applying for visas to travel to many other countries.
In short, permanent residency in the UAE provides a set of advantages that help achieve personal and professional stability, and provide a conducive environment for living, working, and developing family life.
Investing in the Emirates through residency:-
Real estate investment may be considered one of the best steps to invest in the Emirates. However, it is subject to several rules and conditions that are determined and regulated by the Dubai Real Estate Law issued in 2009, which are as follows:
- The value of the property must not be less than 1,000,000 UAE dirhams.
- The property must be fully constructed.
- The investor must be provided with a fixed monthly income, which must not be less than 10,000 thousand UAE dirhams.
- A work visa must be obtained by submitting an application to the competent authority after paying the fees required to obtain the visa and paying the full price of the property to the property owner.
- It is necessary to ensure the health of the investor and take several procedures for the medical examinations required of him, so that he who wants to invest and reside in the Emirates must be in good health and make sure that he is not infected with any disease that is contagious to other people, and that he must pass the medical examinations assigned to him, knowing that he will be Repeat the medical examination again when renewing residency.
- An application must be submitted by the person who wants to reside and invest in the Emirates , as he himself submits an application to the administration (General Administration of Residency and Foreigners Affairs) attaching a personal photo, a copy of his passport, and the original of his property ownership contract, but it is required that it be in his name only. He must pay the visa fees in full, and after completing these procedures, he will be granted residency in the Emirates for a period of two years, renewable, if no obstacles to residency and investment in the Emirates arise.
Conditions for permanent residency in the Emirates
As for the conditions for permanent residency in the Emirates, several conditions must be met, which are as follows:
Regarding the work visa:-
It is considered one of the most important things that must be obtained, as permanent residency in the Emirates, is to obtain a work visa for working in the Emirates, because by obtaining that visa, the individual has the right to obtain any investment in companies established in the Emirates. He can also obtain that visa through Private sector companies do this by paying special fees to extract it and carrying out some necessary medical examinations, and all of this only takes 10 days.
Regarding real estate ownership:-
For any foreign person from the Emirates, once he obtains ownership of real estate in the Emirates for any type of real estate established in the Emirates, this is considered one of the reasons that contribute to obtaining permanent residency in the Emirates , and it also serves as a commercial license in exchange for obtaining a little money, as it is completely different. About a work visa or a visit visa.
Regarding the work of the wife or husband:-
One of the things that guarantees a foreign person obtaining a permanent residence visa in the Emirates is the work of the husband or the wife in the same country (the United Arab Emirates), because in this case, once the husband or wife works, the husband or wife who works in the Emirates is a full guarantor that He submits a request to the company he works for to obtain permanent residency for the other party, and the company submits the application to the competent authority to obtain permanent residency for the other party, with us bearing all costs.
Regarding freelance work:-
Obtaining a permanent residence visa in the Emirates is also through self-employment, which means that the person works independently, but he is required to have his own commercial license. He can obtain this license for a sum of money, but this amount varies according to the type of the free zone. Who wants to work in it, but it ranges between two thousand and five hundred UAE dirhams to sixteen thousand dirhams.
For businessmen:-
A permanent residence visa in the UAE for businessmen can be obtained through (Dubai Silicon Oasis).
Regarding establishing a company:-
It is possible to obtain a permanent residency visa in the Emirates by establishing an investment company in the Emirates.
Frequently asked questions about the conditions for permanent residency in the UAE
What are the conditions for obtaining permanent residency in the UAE?
You must have a stable monthly income. You must be a property owner in the UAE. You must have health insurance in the UAE. You must have a job in the government sector or the private sector. You must remain inside the country for a certain period of time continuously.
Can the family obtain permanent residency with me?
Yes, family members can obtain permanent residency with the person who obtained permanent residency, and the family includes the spouse and children.
How long does it take to obtain permanent residency in the UAE?
The procedures can take approximately 6 to 12 months. The period is affected by the person’s obligations and his fulfillment of all required conditions.
Can holders of permanent residency in the UAE obtain citizenship?
No, permanent residency holders do not have direct rights to citizenship. However, the government can grant citizenship at its own discretion and in accordance with applicable policies.
