Residency by Investment - United Arab Emirates
|COUNTRY NAME||COUNTRY CODE||CONTINENT||POLITICAL ENTITY|
United Arab Emirates
Federal, Presidential, and a Constitutional Monarchy
|REAL ESTATE||CURRENCY||TYPE OF PROGRAM||INVESTMENT OPTION / AMOUNT|
Residency by Investment
AED 1 million
The United Arab Emirates sits in the West of Asia and on the Persian Gulf, at the Northeast of the Arabian Peninsula. The UAE consists of seven principalities better known as emirates. It’s official religion is Islam and most citizens speak Arabic as their official language. The region can also speak Hindu, Persian, Urdu, and English. The UAE has the 7th highest GDP per capita and is recognized to be one of the richest countries in the world. The region’s economy is based on oil reserves, ranking as 7th largest in the world and 17th world’s largest in natural gas. The business potential attracts investors for greater opportunities.
The region is estimated to have a 9,980,000 million population this year according to the World Bank data. The expatriate community has been bringing vibrance to the region, making the population more diverse. Dubai is the most populated city in the UAE, putting the region in the limelight for its popular destinations and world-class getaway. Expats make up 80% of the UAE population. Dubai also holds world-renowned landmarks and five-star restaurants.
Emiratis established the constitutional federation in December 1971. The UAE owns its own coat of arms, national anthem, and flag. Its citizens carrying the UAE’s unified nationality, acknowledged globally. The seven emirates include: Fujairah, Ajman, Sharjah, Ras Al Khaimah, Umm Al Quwain, Dubai, and Abu Dhabi.
UAE and Dubai Residency by Investment Program
The United Arab Emirates offers an investment program allowing non-citizens for a temporary residency that lasts for 3 years. Following that, the foreign national must invest in an existing business or establish their own. The temporary residency visa permits the applicant to stay, live, and work in the UAE.
Conditions of Eligibility
The foreign national must meet the minimum AED 1 million to qualify for the visa. Applicants can also opt to set up a company in a free zone. For free zone companies, the owner will have the full ownership of the business and will not need a local sponsor. Special visas are also available for applicants who wish to practice their professional expertise in any field.