Here’s How You Can Obtain a UAE Residency Visa

The journey of a thousand miles begins with a single step! This proverb best applies to entrepreneurs, individuals, and investors who wish to establish their business in the UAE.

Read this blog to understand in detail about the benefits, types, requirements, documentation, and process related to residence visa.

Types of Residence Visa in the UAE?

Expats can choose from different types of residence visas offered in the UAE. Some of these include:

Key Requirements for UAE Residency Visa

Investors should follow these criteria to apply for the UAE residency Visa:

• They must obtain project approval from the UAE government.
• The investor must provide proof of their income. 
• The investor’s project must be approved by the local authorities depending on the region they choose to set up their business.

Perks of Having a UAE Residency Visa

The residency visa in UAE offers a wide range of benefits, as mentioned below:

• With a residency visa, investors can stay for a longer duration in the UAE with more stability and flexibility to conduct business activities.
• A residency visa will enable you to avail yourself of a wide range of local services. Some of these include opening a bank account and applying for a driving license. 
• The visa allows for multiple entry and exit visas, providing great flexibility for travelling and establishing your business. 

What are the Documents Required to Apply for a Residency Visa in UAE?

To apply for a UAE residency Visa, investors will need to submit the following documents:

• A copy of the company registration certificate.
• A copy of the bank statement. 
• A copy of the property ownership document.
• Copies of the approval letters from all the relevant local authorities.
• Copies of passport, visa, and health insurance.
• A coloured passport-size photograph with a white background.
• A copy of the UAE Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) approval letter for the investment (only applicable in case of Green Visa). 

What is the Process for Applying for a Residency Visa in UAE?

To obtain a UAE residency visa to start a business, consider following the below steps:

• Develop a comprehensive business plan outlining your business objectives.
• Determine the business activity you want to conduct in the UAE. 
• Select a legal structure that fits your specific business requirements.
• Finalise a unique trade name and get it registered with the relevant authority.
• Gather all your required documents and submit them to the General Directorate of Residency and Foreign Affairs (GDRFA).
• Rent an office space for your business, if required.
• Register your business by submitting the documents to the relevant authorities.
• Once the company registration is approved, obtain an establishment card and an entry permit to apply for initial approval for your residency visa.
• Undergo a medical check-up at a designated medical centre.
• Once you pass the medical examination, get your visa and apply for an Emirate ID, which will act as your official identification card in the UAE.

End Note

By meeting the eligibility criteria and following the process mentioned above, you can secure a residency visa in UAE. To find out more about this visa and understand about the process of business setup in UAE, you can connect with the Commitbiz team.