5-years residence visa in Dubai

A UAE residence visa is a permit that allows foreign people to live in this country for a long period of time. The visa can be valid for 3, 5, or even 10 years and may be renewed as many times as a person needs. Many international families living in the Emirates for generations, just keeping on renewing their visas regularly.

UAE permanent residency does not exist as such. Being a UAE permanent resident simply means having a visa stamp in your passport and constantly living in this country.

Who is eligible for a UAE Residence Visa?

To qualify for a UAE Residence Visa, you have to fall under one of the following categories:

  • Who works under a governmental office, or in a private company.
  • Study in a UAE educational institution
  • The dependence of a UAE citizen or foreign resident (child, parent, maid, or a close relative)
  • To have an investment in the UAE
  • To have a property in the UAE
  • Retire in the UAE

Types of UAE Residence Visas

The types of UAE Residence Visas are divided depending on the purpose of your travel. As such, there is the:

  • Work Visa- Issued to foreigners who have found employment in the UAE and obtained a Work Permit.
  • Student Visa – Issued for foreign nationals who are studying into a UAE educational institution
  • Family Visa – Issued to the close family members of UAE citizens or foreign residents
  • Investment Visa (long-term residence) – Issued to foreign nationals who make a substantial investment in the UAE. This type of visa is issued for a longer duration than other types of residence visas (up to ten years)
  • Retirement Visa – Issued to elderly foreigners who want to retire in the UAE and have the necessary financial means to do so.

How to get a 5-years residence visa in Dubai?

The United Arab Emirates is one of the world’s leading countries in the field of investment. The United Arab Emirates in general and the Emirate of Dubai, in particular, grant an investor visa, which entitles investors to reside in the country’s lands. Because Dubai is one of the most important regions in the world that attracts world citizens due to its impressive lifestyle. Dubai has come up with an innovative scheme to attract investment and at the same time fulfill the dream of thousands of people from all over the world to settle in Dubai and obtain a residence visa, through which all purposes of preparing a business, establishing companies, or residency can be achieved. so that’s why It’s good news for all who wish to live in the United Arab Emirates. Learn about the requirements and steps to obtain a five-year residency in Dubai

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 UAEConditions: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 a loan basis.
  • The property must retain for at least three years.

2. Entrepreneurs

  1. 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 allows 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 percent in public and private secondary schools
  • university students within and outside the country having a distinction GPA of at least 3.75 upon graduation.

The long-term visa includes families of outstanding students.

Steps to obtaining a visa:

  • Medical fitness test.
  • Temporary closure of family residence/cancellation of the family residence
  • Cancellation of visa for the applicant.
  • Residence permit for 5 years.
  • Issuance of Emirates ID for 5 years
  • Lifting the temporary closure of family residence.

Looking for a residence visa in Dubai, get in touch with Business Link. The Complete solution for all your business setup needs.

More inquires :

✉ info@businesslinkuae.com | 🌐 www.businesslink.ae | 📞+971556070118 | ☎ +97143215227

Fastest Growing Sectors in the UAE

The coming of the internet has played a massive role in creating new business opportunities in Dubai. The increasing development in technology and innovation acts as the driving force for the same. Everyone is on the internet, and most businesses have switched from traditional to online too. Around 91.1% population in the UAE relies on the internet in their smartphones and other devices to ease their working of the business. If you are considering setting up company in Dubai, now is the time to do so.

Due to the Coronavirus pandemic, most people are avoiding visiting crowded places. Hence, ecommerce businesses are in full-flourish in today’s time. If you, too, are considering Business setup in Dubai or UAE, you need to get a license and registration.

Here are some of the prominent sectors that are flourishing in UAE and can turn out to be potential business opportunities, who are planning to setting up a company in Dubai:

Healthcare startups

The healthcare startups are in full swing in the UAE. The rapid evolvement of healthcare technology such as home diagnostics and telemedicine services is contributing to the shift. With these services coming, more and more people are reaching out to solve their queries.

With the inclusion of technology, the healthcare startup will make treatment easy while ensuring better handling of patients. Even when there’s a rush of patients, you will be able to handle it. Telemedicine services are becoming popular, too, as they help to overcome geographical boundaries. Furthermore, telemedicine promotes virtual consultations with doctors allowing long-distance patients to connect with their doctors easily.

Drones

The drone industry is becoming equally popular in the UAE. According to industry analysts, the drone industry will continue to be popular. Initially, drone technology was used in agriculture and traffic maintenance, but in today’s time, it is used everywhere. Drone technology is further helpful for medical purposes as they help reduce human contacts and speed the facility to conduct tests as and when required by patients and medical experts.

Online delivery app

As per the regulations by the government, people need to stay indoors. Hence, the online delivery companies are the ones to benefit the most from it. These companies need to deliver essential goods like medicine and grocery. Eventually, this industry has seen a massive surge in a few months only.

Ecommerce

ECommerce companies are receiving overwhelming response from the audiences. People place their orders, and the goods are delivered to them overnight. This plays an important role in avoiding congestion at supermarkets and stores. Amazon was one of the first ecommerce companies to solve this problem and fulfil the global delivery network.

Remote online work

Work from home or remote working has become extremely popular in recent days. The individuals will only need to focus on video conferencing and real-time communication maintenance with remote online working.

Setting up your online business requires you to put in the same effort to set up your offline business. It is advisable to analyze the different business opportunities in Dubai and then proceed to bring changes.

If you’re an aspiring entrepreneur who wants to start your own business in Dubai or UAE get in touch with Business Link. The Complete Solution for setting up a company in Dubai.

✉ info@businesslinkuae.com | 🌐 www.businesslink.ae | 📞+971556070118 | ☎ +97143215227