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Category Archives: Dubai Golden Visa

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5 Ways to Obtain UAE Residency Through employment and Investment
November 16, 2022
November 16, 2022

5 Ways to Obtain UAE Residency Through Employment and Investment

Author By Ajmera Law Group Categories Dubai Golden Visa, UAE, UAE business visa, UAE golden visa

UAE is the eye of attraction in the heart of the middle east. UAE is one of the fastest-growing economic countries in the world. Another factor that makes it unique is UAE’s city development, attracting immense tourism and immigrants from other countries. However, UAE doesn’t provide citizenship to everyone who comes into their country.

Although the UAE government grants neutralization to qualified investors and talents, there are specific categories and bars for foreign investors that help them get UAE citizenship.

Like other countries, UAE is running a residency program for foreign investors called the UAE Golden Visa program. It was launched in 2021. The program allows investors and unique talents to stay, work or study in the UAE.

Apart from investors, the UAE Golden Visa program also applies to others, such as scientists, professionals, entrepreneurs, and others.

As a reputed UAE Golden Visa Consultant in India, we have outlined 5 ways for investors to help them in obtaining UAE residency.  We are also authorized service provider for one of the UAE emirates, Ras Al-Khaimah government owned and operated RAKEZ free trade zone.

1. Employment visa

This is the easiest method to get residency in Dubai. You will require an offer letter from an already existing and well-established company in UAE to get an employment visa. After assessing your profile, the Ministry of Human Resources and Emiratisation (MoHRE) will issue your work permit to the employer. However, your residence in UAE will be based on contractual employment.

The first and most important thing you will require is for the company to hire you in UAE. Also, your previous work experience should match the job offered to you.

2. Golden visa for 10 years

Investors who wish to invest in public property can apply for this category to get UAE Residency by Investment. This category requires a minimum investment of AED 10 million. Investors can choose to invest in the local investment fund, real estate or start their own business with the given threshold. Apart from this, they can make investments of AED 10 million in an already existing company or business by acquiring shares.

For investing, investors will have to undergo a verification process to prove their source of funds. The UAE regime does not allow Investment through loans or borrowing money from other financial institutions. Also, the Investment held in the country should be committed for at least three years with financial competence of up to AED10 million.

Along with the investor, their family and children can apply for residency.

3. Golden visa for 5 years

The UAE government also runs 5 years extended golden visa program for investors, entrepreneurs, or business personnel. The minimum capital requirement is AED 5 million. Under the Golden visa program for 5 years extension, the Investment of minimum threshold must be held for 3 years in the UAE. Also, the capital should not be generated from financial bits of help like loans or borrowing to get a Dubai business visa by Investment or any other location in the UAE.

4. Startup or business expansion

After observing the great potential of startups and innovative businesses, the UAE regime made amendments to create flexible requirements for entrepreneurs and businesses.

The first major requirement for the startup is it must be registered in the UAE under the SMEs (small-to-medium enterprises) category. Also, the startup should be capable of generating revenue of at least AED 1 million annually.

To run startups in the UAE, entrepreneurs must have approval from the Ministry of Economy.

5. Self-employed

Digitalization has completely changed the world, and working methods have changed with time. People can now earn their bread and butter through self-employment or freelancing. UAE also provides visas to this self-employed workforce, called Freelance Visa Dubai. Furthermore, its government also grants green visas to freelancers and high-skilled workers, a 5-year self-sponsored residence permit.

Conclusion

UAE’s economy and progress are skyrocketing. Also, having a place in the Middle East provides investors access to Asian countries. After the inception of the UAE golden visa program, many Investors from India and other countries started applying for it. The country also runs the UAE business visa investment program to attract Investment from every corner of the world.

ALG News & Updates
July 15, 2022
July 15, 2022

July 2022 updates from Ajmera Law Group

Author By Prashant Ajmera Categories ALG News and Updates, Dubai Golden Visa, EB-5 US Investor Visa, Europe
  1. The USA Green Card – EB-5 visa program’s new compliance requirements – https://ajmeralaw.com/country/usa-eb-5-investor-program/

 

  1. Four types of USA business visas. Comparison between – EB-5 | L1 A & B | E2 | EB1C – https://ajmeralaw.com/wp-content/uploads/2022/06/USA-Business-Visa-comparison-min.pdf

 

  1. Ajmera Law Group is pleased to add three more countries to its portfolio for Residency and Citizenship by Investment.

 

 

 

 

  1. Portugal Golden Visa – With an investment of only Euro 280,000 in a hotel and very attractive terms and conditions – https://ajmeralaw.com/country/portugal-citizenship-by-investment/

 

  1. Launch of our new website with AI based chat bot – https://ajmeralaw.com

 

  1. No need to go to the UAE or contact an agent or law firm in UAE. Now register your company and move your business to UAE from India itself. ALG is now the authorized law firm of a UAE Free Trade Zone. You can contact us to register your company and complete all formalities without leaving India – https://ajmeralaw.com/country/uae-citizenship-by-investment/

 

Please contact us for additional information regarding any of the above services offered by our law firm.

 

 

Team Ajmera Law Group

June 17, 2021
June 17, 2021

UAE’s Golden Visa : Golden Opportunity

Author By Ajmera Law Group Categories Dubai Golden Visa, Headlines, Investor Visa, Residency & Citizenship by Investment, Residency & Citizenship by Investment and Indian market

The Golden Visa Program of UAE is the latest program to join the Residency by Investment bandwagon. Launched in May 2021, it is welcome news for many wealthy expatriates living in the UAE and outside of it. These expatriates, with plans to secure permanent residency in the United Arab Emirates, have been eagerly waiting for such a program to be introduced by the UAE government.

This program will offer a lot of flexibility, freedom, and security to investors, especially those living in the UAE, who previously had to adhere to very stringent do’s and don’ts when it came to doing business in the UAE.

The Golden Visa Program essentially grants people who fall into the following categories long-term residency (5 to 10 years): Investors, Entrepreneurs, Individuals with exceptional talents such as researchers, Medical Professionals, and those in the scientific and knowledge fields, and exceptional students.

The greatest advantage would most likely be security; by issuing the Golden Visa, the UAE government has demonstrated its commitment to offering expatriates, investors, and virtually anyone wishing to make the UAE their home with an additional reason to feel comfortable about their future.

Eligibility for a 10-year visa:

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

1. 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 percent of the total investment.
Conditions:

Granting a visa is subject to the following conditions:

  • The amount invested must not be loaned.
  • The investment should be retained for at least three years.
  • There should be financial solvency up to AED 10 million.

Visa can be extended to include business partners, on the condition that each partner contributes AED 10 million.

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.

2. Persons with specialized talents

This includes specialized talents and researchers in the fields of science and knowledge such as doctors, specialists, scientists, inventors, as well as creative individuals in the field of culture and art. The visa advantage extends to the spouse and children. All categories are required to have a valid employment contract in a specialized field of priority in the UAE.

Conditions:

Granting a visa is subject to the following conditions:

  • Scientists must be accredited by Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence.
  • Creative individuals in culture and art must be accredited by the Ministry of Culture and Youth.
  • Inventors must obtain a patent of value, which adds to the UAE’s economy. Patents must be approved by Ministry of Economy.
  • Exceptional talents must be documented by patents or scientific research published in a world-class journal.
  • Executives must be owners of a leading and internationally recognized company or holders of high academic achievement and position.
  • Doctors and specialists must meet at least two of the following conditions:
  • A Ph. D. degree from one of the top 500 universities in the world (refer to the Federal Authority for Identity and Citizenship website for information)
  • An award or certificates of appreciation in the field of the applicant’s work
  • Contribution to major scientific research in the respective field of work
  • Published articles or scientific books in distinguished publications in the respective field of work
  • Membership in an organization related to the field
  • A Ph.D. degree, in addition to 10-year professional experience in his/her field
  • Specialization in areas of priority to the UAE

Eligibility for a 5-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 a loan basis.
  • The property must be retained for at least three years.

2. Entrepreneurs

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 percent in public and private secondary schools
  • University students within and outside the country having a distinction GPA of at least 3.75 upon graduation.

The long-term visa includes families of outstanding students.

Program benefits

  • Foreign nationals can live, work, conduct business, and study in the UAE without the need for a national sponsor under the Golden Visa Program
  • Foreign entrepreneurs and investors are also permitted to own 100% of their businesses in the UAE
  • These visas will be issued for a time period of 5 or 10 years and will be renewed automatically
  • Investors can enjoy a very high quality of life in UAE
  • Due to its strategic location in the Middle East, UAE is extremely well connected to all major cities and business hubs in Asia, Europe and North America, making it very easy for investors to travel and conduct or expand their business

This article is contributed by Ms. Dishita Sheth, Intern at Ajmera Law Group