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Dubai Permanent Residency Laws (Golden Residency)

Dubai Permanent Residency Laws (Golden Residency)

In this article, we will talk about the laws of permanent residency in Dubai (golden residency), as Dubai is considered one of the best countries in the world in terms of residency and investment, but there are certain conditions for obtaining permanent residency in Dubai, as well as the conditions for an investor to reside in Dubai.

The UAE always seeks to provide all facilities for issuing permanent residency laws in Dubai, which serve investment in Dubai, or investment in the free zone, in implementation of the strategic plans for the UAE’s economy not to depend solely on oil.

Categories concerned with obtaining permanent residency in Dubai

In 2018, the Federal Authority for Identity and Citizenship in the Emirates announced that it would grant permanent residency in Dubai to some categories, and announced the conditions that must be met for these categories to obtain residency in Dubai, or residency and investment in Dubai. Residence in Dubai is called golden residency.

There are certain categories that the UAE allows to obtain permanent residency in Dubai (golden residency). These categories contribute in one way or another to the development of the Emirates, achieving a better future for it, and also achieving the primary goal of the Emirates, which is to ensure the existence of a permanent and sustainable economy.

These are some of the categories that the UAE grants permanent residency in Dubai (golden residency), in order to reside in Dubai or reside and invest in Dubai, and they are as follows:

  1. Investors in public investments
  2. Investor in real estate.
  3. Entrepreneurs.
  4. People with talent: This category includes everyone who has talent in a specialized field, such as doctors, researchers in science and knowledge, scientists, inventors, and creators in the fields of culture and art.
  5. Academic achievers: This category includes students who obtained 95% in high school, whether public or private education, and also includes university graduates with a cumulative grade of 3.75 on the GPA system.

 

Conditions that must be met to obtain permanent residency in Dubai (golden residency)

We will present some conditions for the previous categories to obtain residency in Dubai, including the following: 

  1. For investors in public investments, these are some of their conditions for obtaining investor residency in order to invest in Dubai:
  1. The investor must own a deposit, company, or partner in a company with an investment value of no less than AED 10 million.
  2. The value of these investments must be fully owned by the investor and not a loan, and proof of this must be provided in order to obtain residency and investment in Dubai.
  3. These investments must be ongoing in the UAE for at least three years.
  4. The percentage of investment in other than his own real estate should not be less than 60% of the total value of investments.

Investor category in Dubai

  1. For the category of investors in real estate, these are some of their conditions for obtaining investor residency to invest in Dubai :
  • The value of the property owned by the investor is not less than 5 million UAE dirhams.
  • The amount owned by the investor must be his property and not a loan, and he must provide proof of this.
  • The period of investment in the UAE must be no less than three years.
  1. For the category of entrepreneurs, these are the conditions for obtaining residency in Dubai: 
  • Owning a successful project with a previous business history in Dubai with a value of no less than 500 thousand UAE dirhams.
  • Obtaining approval to conduct business from the authorized entity in Dubai.
  1. For those with talent in specialized fields, they are as follows:
  • The owner of this talent must have a valid contract from the authorities accredited in the country to practice this profession or talent.
  • This talent should be of benefit to the state.
  • For doctors and specialists in a field, a doctorate must be obtained from the best five hundred universities in the world and must be accredited by the Ministry of Education in the Emirates.
  • The owner of the profession or talent must have a certificate of appreciation or an award specific to this profession.
  1. The special conditions for the outstanding category are as follows: 
  • High school students obtain an excellent grade of 95%, whether in public or private schools.
  • University graduates obtain a cumulative grade of 3.75 from the GPA system.

Privileges granted by the UAE to these categories:

  1. For the category of investors in public investments, the investor obtains a ten-year renewable residency, in addition to a residency for any partner, provided that his partnership is worth 10 million UAE dirhams. The wife and children also obtain a ten-year residency permit, and the same applies to only one executive director of the company, and also only one consultant. The investor obtains a six-month entry visa to the UAE.
  1. As for the second category, which is the category of an investor in his own property, the UAE grants a residence permit for a period of five years, subject to renewal, and his wife and children also obtain a residence permit for the same period.

One CEO and one consultant also get a five-year residency, and the investor also gets a six-month UAE visa.

  1. For the category of entrepreneurs, the UAE grants a five-year residence permit with the possibility of obtaining permanent residency for investors if the investor conditions are met. The wife and children also obtain five-year residency, in addition to five-year residency for three executive directors, and they also obtain an entry visa to the UAE for a period of six months, renewable for another six months.
  1. For the category of talented people in specialized fields, the UAE grants a ten-year renewable residency that also includes the wife and children.
  2. The Emirates grants a five-year, renewable residence permit for the category of outstanding students, and his family can also obtain a residence permit for the same period, also renewable, if his family is with him in the Emirates while studying there.

 

Dubai Permanent Residency Laws (Golden Residency)

There is another category that does not fall under the previous categories, and this category comes to the Emirates in order to study the market there in order to invest in the Emirates, or invest in the free zone. This category also studies the opportunities available to obtain scholarships, or the possibility of scientific research or creativity, and on the basis of this, applications for permanent residency in Dubai (golden residency) are made.

Therefore, this category initially obtains a multiple entry UAE visa, renewable for another six months, and holders of this visa will be treated as residents, until a decision is made whether to reside in Dubai or not.

 

Investing in free zones in Dubai

Investing in the free zone is considered one of the most important investments in Dubai , which the investor seeks to be present in and establish his investments in. One of the most important free zones in Dubai is Jebel Ali.

Steps to invest in Jebel Ali 

  1. The type of investment activity or company must be determined, whether it is commercial, industrial, or professional.
  2. Determine the company name appropriate to the type of activity.
  3. Determine a location for the company, and obtain an ownership or lease contract for the location. 
  4. Submit all company documents to the competent authorities to obtain a commercial license.
  5. Submit an application to the competent authorities in the Jebel Ali region to obtain a permit to invest in Jebel Ali .
  6. Obtaining an investment permit in Jebel Ali, and also obtaining a lease contract for the company’s headquarters in Jebel Ali, and receiving the keys to the headquarters and warehouses in the region.
  7. Obtaining a company identification card in order to enter the free zone.

 

Advantages of permanent residency laws in Dubai (golden residency)

Here are some of the main advantages of obtaining permanent residency in Dubai , also known as “golden residency”:

Freedom of residence: Obtaining permanent residency in Dubai gives you the right to reside permanently in the emirate without the need to renew residency periodically.

Right to work: Permanent residency allows you to work freely anywhere in Dubai without having to obtain a special work permit.

Access to health and education services: You can benefit from local health and education services in the same way as Emirati citizens.

Family Rights: Members of the investor’s immediate family can also obtain permanent residency in Dubai, ensuring complete family stability.

Property Rights: Obtaining permanent residency in Dubai allows you to use banking services, buy real estate, and open businesses with the same rights as UAE citizens.

Ease of travel: Permanent residency in Dubai provides ease of travel to and from the emirate without the need to obtain entry visas.

Real estate investment: You can benefit from investment opportunities in real estate in Dubai as a permanent resident, and this may provide you with opportunities for financial return in the long term.

Social stability: In addition to the economic and legal advantages, permanent residency in Dubai provides social and psychological stability for the investor and his family.

Please note that these benefits may vary based on the individual details of each case and changes in Dubai residency laws. It is essential to check current requirements and legal updates before making any decision regarding permanent residency in Dubai.

Frequently asked questions about Dubai permanent residency laws (golden residency)

What are the basic conditions for obtaining permanent residency in Dubai?

Real estate investment worth no less than one million dirhams. A capital investment of no less than one million dirhams in a resident company. A personal financial balance of no less than one million dirhams. Distinctive scientific or cultural support. Pioneers of information technology and technology projects.

Can anyone apply for permanent residency in Dubai?

No, the applicant must meet the specified eligibility and eligibility requirements.

Can foreign investors obtain permanent residency in Dubai?

Yes, foreign investors can obtain permanent residency in Dubai through real estate or capital investment.

What are the benefits of obtaining permanent residency in Dubai?

The right to permanent residence in the emirate. Freedom to work without the need for a work permit. Advanced social and health rights. The opportunity to invest and establish companies easily.

Can holders of permanent residency in Dubai obtain UAE citizenship?

No, but permanent residency grants additional rights such as permanent residency for the family and free education for children.