In a move to embrace diversity and attract residents from various walks of life, the United Arab Emirates (UAE) offers three distinctive self-sponsored residence visas, allowing expatriates to reside in the country without the need for traditional employment. Here’s an overview of these visas and their unique requirements:
1. Remote Work Visa – One Year:
Expatriates employed outside the UAE can now experience life in the country while working remotely through the one-year Virtual Work Visa. Eligibility criteria include:
- Verification of remote employment with an organization beyond the UAE.
- A monthly income of at least US$3,500 (Dh12,853) or its equivalent.
- A passport with a minimum validity of six months.
- Possession of valid health insurance covering UAE residency.
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This visa also extends the privilege of sponsoring family members in the UAE. Aspiring applicants can initiate the process by approaching the General Directorate of Residency and Foreigners Affairs – Dubai (GDRFAD) or the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) for other emirates.
2. Real Estate Investor Visa – Two- or 10-Year Options:
Real estate enthusiasts can secure a self-sponsored residence visa for either two or 10 years based on their investment endeavors. The criteria are as follows:
- For a two-year visa: Ownership of property valued at Dh750,000 or more, either individually or jointly with a spouse.
- For the coveted Golden Visa (10 years): Possession of property worth Dh2 million or more.
- Investors may also qualify by acquiring off-plan properties valued at a minimum of Dh2 million from approved local real estate companies.
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3. UAE Retirement Visa – Five Years:
Individuals aged 55 and above can embrace a tranquil retirement with the UAE Retirement Visa, which offers a five-year residency. To qualify, retirees must meet one of the following criteria:
- Accumulate a minimum of 15 years of work experience inside or outside the UAE.
- Attain the age of 55 or older at the time of retirement.
- Possess property valued at no less than Dh1 million, financial savings of at least Dh1 million, or a monthly income of Dh20,000 (Dh15,000 a month for Dubai).
- Submission of a bank statement covering the last six months.
The UAE’s array of visa options accommodates diverse lifestyles, catering to those seeking remote work, engaging in real estate ventures, or enjoying a serene retirement. These self-sponsored visas symbolize the United Arab Emirates’s commitment to inclusivity and provide a gateway for individuals to call the country their home. For comprehensive application details, interested parties can explore the respective immigration authorities online or visit designated centers for in-person applications.
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