A Comprehensive Guide to Securing Long-Term Residency in the UAE
A recent report revealed that three cities in the United Arab Emirates (UAE) have made it to the top 20 of InterNations’s Expat City Ranking for 2023. The allure of the UAE to foreigners is undeniable, with its thriving economy and excellent quality of life. If you are someone who wants to experience the benefits of living in the UAE for an extended period, obtaining a permanent residency visa is the way to go. Here is a comprehensive guide to help you navigate the process.
Understanding the Permanent Residency Visa in the UAE
The UAE’s permanent residency visa allows foreign nationals to live, work, and study in the country for a period ranging from 5 to 10 years. Unlike a standard visa, this type of visa does not require a local sponsor and offers various benefits, including the ability to exit and re-enter the UAE without time constraints, sponsorship of family members and domestic helpers, access to essential services like healthcare and education, and the freedom to own property and set up a business in the country.
Types of Long-Term Residency Visas in the UAE
The UAE offers two types of long-term residency visas: the Golden Visa and the Green Visa.
The Golden Visa
The Golden Visa is available in 5-year and 10-year options and is designed for investors, entrepreneurs, specialized talents, students, humanitarian pioneers, and frontline heroes. Each category has its own eligibility criteria:
Investors in public investments: This category requires a minimum investment of AED2 million in an accredited investment fund and proof of annual government payments of at least AED250,000.
Investors in real estate: To be eligible, you must invest in the UAE’s property market with properties worth at least AED2 million, accompanied by proof of the ability to invest through a mortgage from a local bank.
Entrepreneurs: This category is for those who own or partly own an economic project or startup in the UAE. Requirements include a value of at least AED500,000 for the endeavor and endorsements from relevant UAE authorities.
Specialized talents: Professionals in fields such as medicine, science, engineering, art, and others can qualify for this category by meeting specific criteria, including holding relevant accreditations and demonstrating contributions to their field.
Outstanding high school students and university students: High-performing students in public or private secondary schools or universities can apply for long-term residency visas, provided they meet the minimum grade requirements and receive the necessary endorsements.
Humanitarian work pioneers and frontline heroes: Individuals who have made significant contributions to humanitarian causes or have shown extraordinary efforts during crises are eligible for long-term residency visas, subject to specific requirements and recommendations.
The Green Visa
The Green Visa is primarily for skilled employees, freelancers, and investors or partners. It offers a five-year residency without requiring a sponsor. The eligibility requirements are as follows:
Skilled employees: First-, second-, or third-level employees with a valid employment contract and a minimum monthly salary of AED15,000 can apply.
Freelancers: Freelancers must obtain a permit from the Ministry of Human Resources and Emiratization, demonstrate a minimum annual income over the past two years, or provide proof of financial solvency.
Investors or partners: Individuals interested in this category must gain approval from the Federal Authority for Identity, Citizenship, Customs & Ports Security and have a minimum investment of AED270,000.
Steps to Obtain a Permanent Residency Visa
Follow these general steps to secure a long-term stay in the UAE:
Step 1: Assess your eligibility: Determine which permanent residency visa type aligns with your profile by reviewing the specific eligibility criteria.
Step 2: Gather the required documents: Prepare the necessary documents, including your passport (valid for at least six months) and Emirates ID (if applicable), in addition to the category-specific requirements.
Step 3: Submit your application: Submit your application online or through the relevant authorities, ensuring that all required documents are provided in the specified format.
Step 4: Await the decision: The processing time may vary, but once you have submitted your application, you will need to wait for the authorities to evaluate and make a decision.
Step 5: Complete any additional requirements: If requested, fulfill any additional requirements, such as interviews or medical examinations.
Step 6: Receive your permanent residency visa: If your application is approved, you will receive your permanent residency visa, granting you the right to live, work, and study in the UAE for an extended period.
Securing a permanent residency visa in the UAE opens up a world of opportunities and benefits. Whether you are an investor, entrepreneur, specialized talent, student, or skilled employee, the UAE welcomes you to experience its incredible offerings for an extended stay. The process may require careful planning and adherence to specific requirements, but the rewards are well worth it.