A Comprehensive Guide to Long-term Residency in The UAE

last updated: 2024-08-09

 

Home > Asia > UAE > A Comprehensive Guide To Long-term Residency In the UAE

A Comprehensive Guide to Long-term Residency in The UAE

Capital: Abu Dhabi

 

Largest City: Dubai

 

Population: 9,282,410 (2020, 92nd)

 

Ethic Group: 59.4% South Asian, 11.6% Emirati Arab, 10.2% Egyptian, 6.1% Filipino

 

Area: 83,600 km2 (114th)

 

Offical Language: Arabic

 

Currency: Dirham (as of Aug, 9th, 2024, 1 Dirham = 0.27 USD)

 

GDP per Captial: $92,954 (2024 estimated, 6th)

 

Human Development Index: 0.937 (17th)

 

(This map is sourced from Nations Online Project)

 

Country Profile:

 

The United Arab Emirates is one of the wealthiest countries in West Asia, composed of seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm Al-Quwain, and Ras Al Khaimah.

 

Economically, in recent years, the UAE has actively promoted economic diversification. Dubai has already become a center for international finance, trade, and tourism. The local free trade zones and modern infrastructure have attracted a large amount of international investment.

 

Culturally, the UAE is a multicultural society with a significant expatriate population, where 88% of the permanent residents are non-UAE nationals.

 

Immigration And Visa System:

 

Immigration System:

 

The UAE is one of the most open countries in the Middle East. The country’s maintenance and operation rely heavily on foreign labor. Additionally, independent emirates like Dubai and Abu Dhabi implement low-tax policies and fully open visa policies, attracting many entrepreneurs and financially independent individuals.

 

Over the past thirty years, the UAE has gradually developed into a significant financial center, commercial hub, and gathering place for foreigners in the Middle East and globally.

 

Compared to other countries, the UAE has three main advantages for long-term residency permits:

 

1. No residency restrictions: Several mainstream non-employment visas in the UAE do not impose any residency duration requirements on visa holders. You can maintain your visa without entering the UAE for an extended period.

 

2. Low tax advantage: The UAE does not impose common taxes like inheritance tax, gift tax, income tax, or property tax on tax residents. Currently, Dubai is the only international metropolis in the world that does not impose income tax on residents.

 

If you establish a company locally with an annual profit of less than 375,000 dirhams (approximately $103,000), you are not required to pay taxes. Only when your company’s profits exceed 375,000 dirhams does the UAE government impose a 9% corporate tax, which is still much lower than in other countries.

 

3. Convenient living: The UAE, particularly Dubai, is a paradise for the wealthy. Although the cost of living is high, the social security is excellent, and the healthcare and education systems are well-developed.

 

However, for most foreigners, the UAE can only be a temporary stop in life, not a final destination. You can continuously renew your UAE visa under the original conditions at the time of application, but if you want to apply for citizenship, you need to be proficient in Arabic language and culture and have legally resided in the country for at least 30 consecutive years.

 

Visa System:

 

 

The UAE offers several types of residency visas, which include the following:

 

1. Golden Visa: This is a long-term residency visa system introduced by the UAE government in 2019. It is not only issued to investors in the real estate or business sectors but also allows top talent from various industries, renowned athletes, cultural figures, and even high-achieving graduates from top universities to apply for the Golden Visa.

 

If you apply for the UAE Golden Visa through investment, the minimum investment requirement is 2 million dirhams, approximately USD 545,000.

 

The UAE Golden Visa typically has a validity period of five or ten years.

 

2. Work Visa (Residence visa for working in the UAE): This is the most common UAE visa and is further divided into two main categories.

 

Green Visa for employment: This is issued to self-employed individuals, freelancers, and skilled workers with a university degree or equivalent professional qualifications. It has a validity period of five years.

 

Employment Visa: This is the primary means for people to work in the UAE. A significant portion of the UAE’s resident population, including 59.4% of South Asians such as Indians and Pakistanis, and 6.1% of Filipinos, work in low to mid-level jobs under this visa, contributing to the country’s development and sending remittances back to their home countries.

 

3. Green Visa: The UAE Green Visa is divided into two main categories.

 

The first category is the work-related Green Visa, as mentioned earlier.

 

The second category is the investment-related Green Visa, issued to investors who have invested 1 million dirhams, approximately USD 273,000, or more in the UAE.

 

The difference between the investment-related Green Visa and the investment-related Golden Visa is that, for the former, your investment needs to be endorsed by a local institution and must achieve a sufficient score in an evaluation system by the relevant local authorities.

 

4. Digital Nomad Visa (Residence Visa for working outside the UAE): This visa is issued to individuals who can work remotely for a company outside the UAE or are self-employed and maintain financial independence.

 

The UAE offers two main Digital Nomad Visas:

 

Dubai Digital Nomad Visa was Launched in March 2021, it is one of the most popular digital nomad visa programs globally, but it comes with a high financial requirement: you must prove a monthly income of at least USD 5,000.

 

Abu Dhabi Digital Nomad Visa: This has slightly lower financial requirements: applicants must be remote workers with a minimum monthly income of USD 3,500.

 

If you are interested in the Abu Dhabi Digital Nomad Visa, you can visit this link for more information provided on the official website.

 

5. Blue Visa: This visa is issued to individuals who have made significant contributions to global environmental causes (not limited to the UAE).

 

6. Retirement Visa (Residence Visa for the Retired): The Dubai Retirement Visa is one of the most well-known retirement visa programs in the world. Applicants must be at least 55 years old and must prove an annual income of at least 180,000 dirhams, approximately USD 50,000; or invest 1 million dirhams, approximately USD 273,000, in real estate or bank deposits locally.

 

Abu Dhabi also offers a similar retirement visa program to Dubai, requiring applicants to invest 1 million dirhams in real estate or bank deposits or prove an annual fixed income of at least 240,000 dirhams.

 

Taxation:

 

Foreigners in the UAE are not required to pay taxes on their income.

 

Naturalization:

 

The prospects of naturalization in the UAE are virtually unattainable. Only those foreign individuals who have maintained legal residency in the country for an unbroken period of 30 years and have a solid grasp of Arabic language and culture are qualified to apply for a UAE passport.

 

Passport Power:

 

The UAE recognizes dual citizenship and its passport ranks 11th globally. Passport holders enjoy visa-free or visa-on-arrival access to 187 countries and regions around the world. (June 28th, 2024)

 

 

Useful Links:

 

The UAE Golden Visa:https://u.ae/en/information-and-services/visa-and-emirates-id/golden-visa

 

Work Remotely From Dubai:https://www.visitdubai.com/en/invest-in-dubai/live-and-work/visas-and-entry/work-remotely-from-dubai

 

GDRFA:https://gdrfad.gov.ae/en

 

The Department of Culture & Tourism of Abu Dhabi:https://tcaabudhabi.ae/en/default.aspx

 

The UAE Retirement Visa:https://u.ae/en/information-and-services/visa-and-emirates-id/residence-visas/residence-visa-for-the-retired

 

Home > Asia > UAE > A Comprehensive Guide To Long-term Residency In the UAE

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments