Investors from all around the world are open to obtaining a real state investor resident visa in the UAE. The process is straightforward and transparent. It encourages business people to invest in properties in the UAE.
Below is a comprehensive guide on how to obtain a UAE residence visa via property investment:
Understand Eligibility Criteria
As a requirement, one has to make an investment in a property of not less than AED 2 million. The property should be an already finished product and not still out for construction and situated only in freehold areas. These may also include communal properties, as long as the stake the investor has is above the threshold amount.
Purchase the Property
Choose a property that adheres to the laws of the UAE. Conduct business only with reliable firms or brokers that offer real estate services to ensure the appropriate transactions are made. Get the Title Deed from the Dubai Land Department (DLD) or other appropriate authorities in other emirates. Looking for a Business Setup Service in UAE?
Apply for a Real Estate Investor Visa
UAE is not a small place, it’s divided into separate Emirates. To submit your visa application to the General Directorate of Residency and Foreigners Affairs (GDRFA) of your specific Emirates.
While applying you need to attach the below mentioned documents with it:
- A Copy of the title deed.
- Passport & latest photographs.
- Health insurance.
- Proof of income or financial stability.
Undergo Medical Examination
Medical fitness evaluation is compulsory for each applicant who wishes to apply for a residence visa. Perform the evaluation at an approved healthcare facility.
Obtain an Emirates ID
When you get the UAE visa, the next thing you have to do is apply for an Emirates ID ID to the Federal Authority for Identity and Citizenship, Customs, and Ports Security.
Renew Your Visa
Normally when you receive a real estate investor visa, it comes with a minimum of 3 years up to 5 years of validity. Duration depends on the size of the investment you are making in UAE.
You need to keep all of the property in your name to make the renewal of the visa when it expires. Are you searching Company registration Service in Dubai?
Call +971 56 658 2477 for Obtain a UAE Residence Visa
Acquiring a real state business not only gives opportunity to receive a suitable residency visa but also it offers impressive opportunity in real state investment.
For those who are looking to set a base in UAE and do proper business, this can be an easy but impactful option for you. Professional organizations like Black Swan Business Setup Services can help you to setup this business and get the visa in a shorter time.