Residence visa can be availed in the UAE in the following ways:
Purchase of real estate. In case of purchase of residential property in Dubai or any other Emirate with value over one million dirhams, you may obtain residence permit in the UAE and is usually valid for two years Employment: You would need an employment visa to work legally for someone. All formalities related to visa obtainment shall be performed by your employer. On average it takes 2-3 weeks to receive such visa.
Incorporation of your own company: This is the most convenient and efficient option for obtaining business visas in the UAE. It just takes a couple of days to have the complete company and residency visa in place.
A residence status, either by virtue of employment or business ownership allows for sponsorship of family members. This includes spouse and children, as well as parents. He is also required to secure independent accommodation and show a registered tenancy contract in his name. The size of the property must correspond with the size of the family. A woman can sponsor her family only if she is married and subject to further restrictions. Furthermore, under the residence visa one can sponsor domestic help, such as a maid, nanny or driver, subject to certain conditions.
A residence visa entitles the holder to open a local bank account and qualify for a full range of banking facilities, buy a car or lease a property. Sponsored children can be enrolled in local schools.
Residence visa is usually granted either for two or three years, depending on the issuing authority. It allows unlimited entry into, and stay in the country provided a resident visit’s the U.A.E. at least every six months.
If you move permanently to the UAE and are out of your county for a full tax year, you may be also able to earn a 100% tax-free salary in Dubai. However, each person’s circumstances are unique and it is advisable to consult Europe Emirates Group at email@example.com
The UAE has also signed a number of Double Taxation Avoidance Agreements with countries to ensure that individuals do not get stuck paying tax to two different governments on income earned in one country.