Are you planning to move to Dubai and make it your permanent home? If yes, then you might be wondering how to get permanent residency in Dubai.
Fortunately, the government of Dubai has made it easier for foreigners to become residents of this bustling city. In this article, we will guide you through the process of getting permanent residency in Dubai.
What is Permanent Residency in Dubai?
Permanent residency is a legal status that allows an individual to reside and work in a country indefinitely. In Dubai, the government offers permanent residency visas known as the Golden Visa. This visa is valid for 5 or 10 years and can be renewed.
Who is Eligible for the Golden Visa?
The following categories of individuals are eligible to apply for a Golden Visa:
Investors
If you have invested a minimum of AED 10 million in public investment funds or real estate in Dubai, you are eligible for a Golden Visa.
Entrepreneurs
If you own a company in Dubai that has a minimum capital of AED 500,000 or have been recognized by an accredited business incubator in the UAE, you are eligible for a Golden Visa.
Specialized Talents
If you have expertise in certain fields such as science, medicine, research or if you hold specialized degrees like Ph.D., doctorate or engineering, you are eligible for a Golden Visa.
Executives
If you hold high-level positions such as CEO or director with a salary of at least AED 30,000 per month and have experience of at least 5 years, you are eligible for a Golden Visa.
How to Apply for the Golden Visa?
To apply for the Golden Visa, follow these steps:
Step 1: Gather all the necessary documents, including a valid passport, passport-sized photograph, and proof of eligibility.
Step 2: Apply online through the General Directorate of Residency and Foreigners Affairs (GDRFA) website or through an authorized law firm in Dubai.
Step 3: Pay the application fee, which varies depending on the type of visa you are applying for.
Step 4: Wait for approval. The processing time varies depending on your eligibility category.
The Benefits of Having a Golden Visa
Once you obtain a Golden Visa, you can enjoy several benefits, including:
- The right to live and work in Dubai without the need for a sponsor.
- The right to open bank accounts and invest in businesses.
- The right to sponsor family members for visas.
- The right to enter and exit the UAE without restrictions.
In Conclusion
Getting permanent residency in Dubai is an attractive option for those looking to make this city their home. With the Golden Visa program, it has become easier than ever before.
Remember to check your eligibility category and gather all necessary documents before applying. We hope this guide has helped you understand how to get permanent residency in Dubai.
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