UAE's Long Term Residence Visas
The UAE implemented a new system for long-term residence visas, it enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.
Eligibility for a 10-year visa
The following categories are entitled to apply for a 10-year residence visa in the UAE.
1. Investors in public investments of at least AED 10 million
The investment may take many forms such as:
A deposit of at least AED 10 million in an investment fund inside the country
Establishing a company in the UAE with a capital of not less than AED 10 million
Partnering in an existing or a new company with a share value of not less than AED10 million
Having a total investment of not less than AED 10 million in all areas mentioned, on condition that the investment in sectors other than real estate is not less than 60 per cent of the total investment.
Conditions
Granting a visa is subject to the following conditions:
The amount invested must not be loaned.
The investment should be retained for at least three years.
There should be a financial solvency up to AED 10 million.
Visa can be extended to include business partners, on the condition that each partner contributes AED 10 million.
The long-term visa can include the spouse and children, as well as one executive director and one advisor.
Investors from abroad may apply for a multiple-entry permit for a six-month period.
Eligibility for a 5-year visa
The following categories are entitled to apply for a 5-year residence visa in the UAE.
1. Investors in a property in the UAE
Conditions:
Granting a visa is subject to the following conditions:
The investor must invest in a property of a gross value of not less than AED 5 million.
The amount invested in real estate must not be on loan basis.
The property must be retained for at least three years.
2. Entrepreneurs
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
3. Outstanding Students
This includes:
outstanding students with a minimum grade of 95 per cent in public and private secondary schools
university students within and outside the country having a distinction GPA of at least 3.75 upon graduation.
Long-term visa includes families of the outstanding students.
Source : government.ae
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