Dubai is an attractive destination for global investors due to its strong economy, high standard of living, and business-friendly environment. Recently, it has been easier for investors to setup their business and get residency visa in Dubai. This is done in accordance with the government recognizing the value of the local economy.
The city welcomes and fosters international investment by providing a one-of-a-kind investment-driven visa scheme. This allows investors to construct a secure future for themselves, their families, and their businesses.
With an ever-expanding population and thousands of international workers migrating to Dubai each year to advance their careers in a safe, cosmopolitan, and global commercial hub, it’s simple to see why Dubai is a refuge for any major investment.
Here are the top four ways for global investors to get residency in Dubai:
Invest in real estate
One of the easiest ways for investors to get residency in Dubai is by investing in real estate. The Dubai government has established programs that allow foreign investors to gain residency for investing in real estate. These programs typically require a minimum investment of around AED 1 million ($270,000). In addition, it can offer investors and their families a renewable two-year residency visa. Investing or owning real estate worth a minimum of 2 million makes one eligible for the UAE Golden Visa.
Start a business
Another option for investors looking to gain residency in Dubai is to start a business in the city. Dubai has a thriving startup ecosystem and offers a number of incentives for foreign entrepreneurs looking to set up shop in the city. To qualify for a residency visa, investors will typically need to register their business with the Dubai Department of Economic Development and meet certain requirements related to the size and nature of the business.
Work for a local company
Global investors who are able to secure employment with a local company in Dubai may also be eligible for a residency visa. The Dubai government has made it easier for local companies to sponsor foreign workers for residency visas, recognizing the value skilled workers bring to the local economy. To qualify for a residency visa through employment, investors will typically need to have a job offer from a local company and meet certain requirements related to their education and work experience.
Enroll in a higher education program
Global investors who wish to gain a residency in Dubai through education can enroll in a higher education program at one of the city’s universities. Dubai is home to a number of top-ranked universities that offer a wide range of degree programs, including business, engineering, and the arts. To qualify for a residency visa through education, investors will typically need to enroll in a full-time degree program and meet certain requirements related to their academic performance.
Documents needed to apply for residency in Dubai:
A foreigner applying for residency in Dubai must present copies of their:
- Birth certificate
- Driver’s license
- Marriage certificate
- Application form
The applicant will also be subjected to a medical examination before starting work. Every time the residency permit in Dubai is renewed, a medical examination will be required.
It is crucial to mention that the UAE has launched 5-year Silver and 10-year Golden Visa for entrepreneurs and foreign investors alike. However, certain criteria need to be met before applying. Check out our blog on UAE Golden Visa: FAQs Answered, where we have broken down the eligibility criteria and requirements.
In conclusion, there are several ways for global investors to get residency in Dubai, including investing in real estate, starting a business, etc. Each of these options has its own set of requirements and benefits, so it is important for investors to carefully consider their options and choose the one that best fits their needs and goals.
About Business Link
We are professional business setup consultants in the UAE with an experience of more than two decades. So far, we have achieved 100% client satisfaction with our 20,000+ clients. Business Link takes pride in having assisted entrepreneurs and foreign investors in achieving their corporate goals. In reference to this article, we encourage you to check our cost calculator to determine a Dubai investor visa cost.