Signature Collection
Explore SignatureLet me take a bit of your time to explain all you need to know about UAE’s latest visa reforms and what it means to you as an investor in the real estate market.
UAE has been an expat-friendly country, now more so than ever. With the new visa reforms, targeting investors, entrepreneurs, outstanding students, and specialised talents, the country has proven itself to be the ideal haven for everyone.
You can avail the 6-month multiple-entry visa upon purchase of property worth more than AED 1 million. You can sponsor your family members with this visa. This is essentially a visit visa.
If you invest in property worth AED 1 million you are eligible for the 2-year multiple-entry residency visa. You can get the Emirates ID, driving license, and family sponsorship with this 2-year residency visa.
The Gold Card Scheme is UAE’s answer to Long Term Residency in UAE for expats. There are four broad categories of people who can apply for the Gold Card: Investors, Entrepreneurs, Specialised Talents and Outstanding Students.
If current residents want to switch their resident permits to an investor visa, they can do so, if they fulfil the conditions laid down by the government.
If current residents want to switch their resident permits to an investor visa, they can do so, if they fulfil the conditions laid down by the government.
Eligibility for investors:
Investors have to invest in public investments of at least AED 10 million. Visa can be extended to include business partners, on the condition that each partner contributes AED 10 million.
The investment may be in the following forms:
Eligibility for property investors in UAE:
Property investors in the UAE are subject to the following conditions:
A multiple-entry interim visa for 6 months has been introduced for non-UAE residents, who are seeking a long-term residency visa. This is perfect for foreigners to live in the UAE and work or study without requiring local sponsorship. It allows 100% ownership of the business in UAE.
The 6-month interim visa with multiple entries will be valid for investors, entrepreneurs, outstanding students, and talented individuals to complete the procedure for residency, and will aid them in identifying the opportunities in their field of expertise and making the right call for themselves and their family.
For more information, get in touch with us at Provident