U.A.E. is a country that has almost 80% of its population consisting of immigrants and 12% of its population composed of actual natives. Over the years, U.A.E. has become people's top priority as a place to start a business. U.A.E. consists of seven emirates, including:

  • Abu Dhabi (also a capital)
  • Ajman
  • Ras Al Khaimah,
  • Dubai
  • Fujairah
  • Sharjah
  • Umm Al Quwain

Each emirate has to offer different options in terms of Residence by Investment. Over the years, U.A.E. has worked on its weaknesses and made them its strengths. Other emirates provide additional opportunities for immigrants and foreign investors in Residence by Investments. But the eminent ones are Dubai and Abu Dhabi.

 

All About Residence by Investment

U.A.E. Residence gives students, investors, entrepreneurs, and research workers a long-term residence by Investment in the country. Dubai and Abu Dhabi are the highlighted emirates in Residence by Investment. If we look deep into both emirates, Dubai is related to entertainment, and Abu Dhabi is all about "traditions, peace, old money, and calm ."Depending on your beliefs, you have to choose an emirate for Residence by Investment.

U.A.E. has made a good impression on the world with its friendly and collaborative outlook. That makes it a good ally and attracts support and commercial relations by building foreign relations. Being a no-tax business and developmental country, it attracts investors globally.

 

Residence by Investments Conditions

To invest, you will need a residence, and here are the three options you can select.

A 10-year visa program for Investment Fund

The applicant needs to submit a letter of the fund along with proof of investing 2 million AED in a licensed company. The company should have a valid license for either commercial or industrial lines. Testimony from the national federal tax authority is required for a minimum of 250,000 AED annual taxes.

10-Year Visa Program for Senior Employees

Suppose a company or investor has appointed a director or executive director under a contract for ten years. Then the application must include its senior employee so they will also get a 10-year residence visa. The application can have the applicant's spouse and kids in it.

5-year Visa for Real Estate

This will be a renewable visa. One needs to submit a letter from the Dubai Real Estate Registration Department and make a purchase worth 2 million AED, equivalent to 550,000 USD. For this residence visa, the Investment of 2 million dollars must be via loan.

U.A.E. Residence by Investment Process

A person must submit a complete and correctly filled application form. The exclusive fees should be paid along with the submission of valid documents. A visa of 10 years will be provided for the investment fund and senior employee option, and a renewable visa of 5 years will be provided for the real estate option. The application can be submitted to the government for U.A.E. Residence Visa after fulfilling the diligence checks and paying subscription fees after the applicant has completed all the requirements. When the application for Residence by Investment is pending, the applicant will get a multi-entry, short-term visa for six months. The applicant can request an I.D. card after going through a medical check-up.

When the time comes, the Residence by investment visa will be approved.

 

Period required

It takes almost Three months to process the U.A.E. residence by investment visa. From the form submission to getting an approved visa.

 

Upsides of U.A.E. Residence by Investment

Here are some advantages you can enjoy in your Residence by investing in the U.A.E.

  • 100% Safety for Immigrants

When it comes to going to a different country and not only living in it but also investing your money, the thought of uncertainty crosses your mind. Because you have concerns regarding safety and investment point of view. Dubai has now become one of the safest cities for immigrants in the whole world.

  • Part of Top 10 Unbound Markets

U.A.E. is part of the top 10 most accessible markets list. It is not dependent on oil reserves for doing so but also on their planning to improve tourism, business, and planning in other departments. The U.A.E. is also one of the fewest countries with 0 income tax. But it has also improved in almost all departments to stabilize its economy.

  • Impressive Economy

U.A.E. is one of those countries that have stabilized and improved their economies. For people who like investing, it is always suggested that it is better to invest in a place after running a check on its economy. By stabilizing its economy, U.A.E. has attracted many international investors.

  • Easy to get a Residency

The process of applying for Residence is quick and easy. Because almost 80% population consists of immigrants, residence permits are regularly issued. Now an immigrant can get a license in less than three weeks. It can also extend to six weeks if there are complications in your applications.

  • Options for Immigrant

U.A.E.'s provision provides the lifestyles of ex-pats with multiple options. U.A.E. has always made it to the highlights for respecting other religions and cultures. Its provision allows various immigrants to follow their religious activities and cultural events. Because most of the population of the U.A.E. is immigrants, they had to do something for their rights. U.A.E. follows a western approach to independence compared to other Middle Eastern countries.

  • Offshore Options

While living in U.A.E., investors get lots of offshore banking options. The U.A.E.'s residence permit will give you access to Priority Banking and allow you to diversify your options. It will not only alleviate your finances but give your huge exposure as well.

  • Diverse Economy

The economy of the U.A.E. is now diverse as it is not only relying on oil. They have made generous efforts to get ready and combat the situation with proficiency when no oil reserves are left in U.A.E., Making it possible to not depend on oil want easy but have made it possible. So, if the oil reserves end, U.A.E. will not have an economic depression. 

 

The Downsides of U.A.E. Residence by Investment

Here are some of the downsides of the U.A.E. Residence by Investment.

  • Extreme Weathers

It is obvious that when you are running a business of Investment through Residence by Investment, you are living in the U.A.E. One of the cons of this country is that it goes through terrible weather conditions as it is built on a desert. The climate is hot all the time but unbearable in late summers. When the temperature crosses 45-degree centigrade, sometimes it crosses 50 degrees. The heat causes various storms, and the visibility reduces and makes it impossible to carry on with the schedule of flights.

  • U.A.E. is Expensive

From Residence to everyday living, it gets way more expensive to maintain a below-average lifestyle.

  • Citizenship

This country is eminent worldwide for not providing citizenship to its ex-pats, no matter how much they invest. No matter how long you also have been working in the U.A.E., you will have to live there on a visa. You can spend your whole life renewing your visas, but you will not get citizenship in this country.

 

Conclusion

The procedure for applying for Residence by Investment is now a cup of cake and only takes about three weeks to complete. All the details that you also need to know have been addressed.