LOCATION: Southeastern region of the Asian continent

 

POPULATION: 9,932,763

 

LANGUAGES SPOKEN: Arabic, English

 

CURRENCY: AED

 

CAPITAL: Abu Dhabi

 

NEAREST AIRPORT: Dubai, Abu Dhabi, Sharjah

 

MAJOR INDUSTRIES: Oil & Gas, Real Estate and Tourism

UNITED ARAB EMIRATES

Located in the southeastern region of the Asian continent, the UAE is a constitutional federation of seven emirates: Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Ajman, Umm Al Quwain, and Fujairah. The UAE is a politically and economically stable country and holds the 25th position globally in Global Competitiveness Report 2019 by World Economic Forum. 

In 2019, the UAE implemented a new system for long-term residence visas. The new system 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.

Dubai City View

UAE RESIDENCE BY INVESTMENT

 

Applicants need to invest at least AED 10 million in public investments.

 

The investments may be in the following forms:

  • 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 for a 10 year visa, 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.

10 YEAR VISA
5 YEAR VISA

The applicant must invest minimum AED 5 million in the real estate property

Conditions for a 5 year visa:

  • The investor must invest in a property of a gross value of not less than AED 5 million. This investment can be in more than one property also.

  • The amount invested in real estate must not be on loan basis.

  • The property must be retained for at least three years.

  • Person must be inside UAE

3 YEAR VISA

The applicant must invest minimum AED 1 million in the real estate property

Conditions for a 3 year visa:

  • The applicant must invest minimum AED 1 million in the real estate property

  • In case the property is mortgaged, 50% of the property value or at least 1 million to be paid to the bank. NOC letter in Arabic along with mortgage bank statement is required to proceed with the visa application

  • Husband and wife can participate in one property and the value of the property should be AED 1 million or more. In this case the marriage certificate is required

RETIREMENT VISA

The applicant must invest minimum AED 2 million in the real estate property.

Conditions for a retirement visa:

  • The applicant must invest minimum AED 2 million in the real estate property

  • The amount invested in real estate has to be fully paid and not on loan basis

  • The applicant must be 55years old and above

  • Person must be inside UAE

Requirements:

  • No criminal record

  • Good conduct certificate from Dubai Police

  • In case the property in mortgaged, NOC has to be provided in Arabic along with the bank statements.

  • POA will be required in case the application will be submitted on behalf of the investor

Disclaimer:
1. Please note, all information provided here should not be considered legal advice.
2. The text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.