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Living In Dubai

Dubai is recognized around the world for its soaring skyscrapers, top class business credentials and the sheer chutzpah of its global ambition to be the best city in the world.  Dubai currently ranks as the 4th most visited city in the world, mostly due to its climate, its exciting public spaces, beach front and posh lifestyle gives it its well deserved reputation of luxury and quality of life. This allows the residents to have one of the highest standard of living in the world impacting the city’s business to flourish and grow to become of the best cities to conduct business in.

The city’s rich cultural heritage and mix is showcased through its year round calendar of events at its numerous museums, art galleries, theatres, cinemas and outdoor venues. It is also a shopper’s paradise, offering a extensive list of luxurious shopping malls. The city is also home to The Dubai Mall, the largest retail destination and purveyor of every luxury brand one can think of.

Visitors and residents can also enjoy a more traditional shopping experience at the city’s various souqs and markets.

 

Dubai’s residents  consist of people from about 200 countries, Dubai has evolved into an exotic culinary melting pot. From street-side vendors selling traditional snacks to high-end restaurants and international celebrity chefs, the city’s foodie credentials are increasingly on the radar for global restaurant critics.

 

 

Dubai has one of the best transport systems in the world with an automated metro system that connects the whole city, an efficient taxi and bus service along with a water taxi service. A modern system of  well thought out flyovers, bridges and interchanges is designed to accelerate business and public movement.

 

 

Dubai has something for everyone and along with its cosmopolitan vibes, open-armed business practices and the unlimited options set it apart from the rest of the world.

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UAE Residency Services

The UAE has 4 main residency visa types which are Employment, Investor, Governmental and Sponsor.

The obtainment of a residence visa depends on several criteria set and observed by the Department of Naturalization and Residency of Dubai (DNRD).

 

Eligibility is assessed through several factors, such as

• Contractual employment with a UAE based company

• Property ownership

• Shareholdings in UAE-based companies.

A residence visa is required for all expatriates looking to start a business in the UAE, including their employees. The process includes a mandatory medical exam.

Validity of visa are two to three years (and extendable) and a labor card is also issued for the concerned person.

 

Residents must also apply for an Emirates ID card, a mandated form of identification  which has the same validity term as the visa. This ID is used for all government and immigration activities in the UAE.

 

A residence visa is also required for day-to-day processes, such as opening a bank account, getting a driving license, registering one’s vehicle, applying for a PO Box, obtaining a liquor license applications and e-gate airport access. Business owners are also issued with an Establishment Card respective of their business.

Property owners with properties valued above 1 million AED can apply for a two-year residence permit but can not work on the basis of this visa.

If one exits the country for longer than six months, the residence visa is rendered invalid and your passport must be valid for at least three full months if traveling in/out the country. New legislation introduced in 2017 has further streamlined the process for residents who are no longer required to visit the General Directorate of Residency and Foreign Affairs in order to renew or apply for visas. Approved Amer typing centers  are to be used for all visa related queries, processes, transactions.

Golden visa eServices

Cabinet Resolution No. 56 of 2018 regarding the Organization of Residence Permits for Investors, Entrepreneurs and Professional Talent regulates granting golden visas to

 

•investors

•entrepreneurs.

•specialized talents and researchers in various fields of science and knowledge

•bright students with promising scientific capabilities

 

Eligibility for a 10-year visa

The following categories  are entitled to apply for a 10-year residence visa in the UAE.

 

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.

Visa can be extended to include business partners, if the meet the condition of them contributing 10 million AED to the business.

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 05-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

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 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.