Residence permit in the UAE: details you need to know
The opportunity to live and work in a country of economic boom and advanced technologies is a great chance for personal growth, business development and promotion at completely different levels.
Since October 3, updated visa requirements have come into force in the United Arab Emirates. They relate to the rules of entry to the UAE and the parameters for obtaining resident visas, and innovations make both processes easier and easier.
So, the changes are as follows:
- tourists get a visa for 60 days, not for 30, as before;
- for the first time there appeared a multiple-entry tourist visa for 5 years;
- A residence permit for a period of 5 years can be obtained by foreigners who, as entrepreneurs, conduct commercial activities on the territory of the OEA or are qualified specialists with an employment contract from a company in the UAE and an income of $ 4080 per month;
- A residence permit for a period of 10 years can be obtained by investors who purchase real estate worth from $ 545,000 or buy real estate on credit from a bank approved by the UAE government.
The changes make the conditions for obtaining a residence permit in the UAE, one of the most difficult jurisdictions for a foreigner, easier and more comfortable.
ARAVANA Multifamily Office, together with partners, provides comprehensive support to clients in matters of relocation to the UAE, buying real estate or obtaining a residence permit. A resident visa in this case is a kind of residence permit option, it opens up many opportunities in the UAE. The state is fully interested in supporting business and innovation, the population is friendly to immigrants, and the economy opens up the widest opportunities for development. Perhaps, a residence permit in the UAE is one of the optimal and attractive options for relocation, both personal and in a business format.
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