Published
December 29, 2023
Category
Residency by investment programs

How to Get a Residency in UAE by Investment

Imagine waking up to the glittering skyscrapers of Dubai, the serene beaches of Abu Dhabi, and the enchanting blend of tradition and modernity that is the United Arab Emirates. It's a dream many have, and it's within your reach. Becoming a resident of the UAE is not just about securing a visa; it's about unlocking a world of opportunity, luxury, and adventure.

In this guide, we will take you on an emotional journey through the process of obtaining UAE residency through investment. You'll discover what it means to call this captivating land your home, the step-by-step path to residency, why choosing the UAE is a life-changing decision, the eligibility requirements that can make your dream a reality, and the financial investment needed to embark on this transformative experience. 

The United Arab Emirates is not just a destination; it's a promise of a brighter, more thrilling future. Let's explore how you can make that promise a reality and transform your life in the UAE.

What Does It Mean To Be A Resident Of UAE?

Becoming a resident of the United Arab Emirates is not just a change in your legal status; it's an extraordinary transformation that impacts every facet of your life. As you take this exhilarating journey towards calling the UAE your home, let's explore the meaning and the benefits, opportunities, and improved quality of life that come with it.

Endless Opportunities

The UAE is a land of boundless opportunities. As a resident, you gain access to a thriving economy, a vibrant job market, and a business-friendly environment. The potential for career growth and financial success is immense, offering the promise of a brighter future for you and your family.

Quality of Life

The quality of life in the UAE is nothing short of exceptional. From world-class healthcare facilities to an efficient public transportation system and an array of international schools, the UAE takes care of your well-being and that of your loved ones. This means peace of mind, knowing that you have access to top-notch services.

Cultural Richness

The UAE is a melting pot of cultures, where tradition and modernity coexist harmoniously. As a resident, you'll be immersed in a diverse and welcoming society, which offers a unique opportunity to learn, grow, and connect with people from all walks of life.

Luxury and Comfort

The UAE is synonymous with luxury and comfort. Whether it's the lavish lifestyle, opulent residences, or five-star dining experiences, you'll find a taste of the extraordinary in every corner of this remarkable country.

Safety and Security

The UAE is renowned for its safety and security. As a resident, you can relish the peace of mind that comes with living in a country with low crime rates and a commitment to the well-being of its residents.

A Global Hub

The UAE's strategic location makes it a global hub for travel, trade, and business. The world is at your doorstep, and you can easily explore neighboring countries and beyond.

Step-by-Step Guide for UAE Residence By Investment

Starting the process of obtaining a UAE residency permit is an exciting adventure that promises to alter your life in the most captivating way. The procedure is methodically planned to provide a smooth transition to your new life in the UAE. Here is your guide: 

Step One: Due Diligence

The road to success begins with an important first step: due diligence. We conduct an initial screening at Mirabello Consultancy, laying the groundwork for the program's major due diligence procedure. This confidential examination is intended to identify potential problems, enhancing the likelihood of a successful visa application. Your documents are thoroughly checked by a Certified Anti-Money Laundering Officer who is familiar with the nuances of UAE Due Diligence, assuring a solid start to your journey.

Step Two: Documentation and Visa Preparation

After you have passed the due diligence stage, the Mirabello Consultancy legal team will provide you with a comprehensive set of documents to help you with your visa application. This phase begins with the submission of original papers, which is followed by several procedures. Our legal professionals will handle translation, notarization, and consular legalization on your behalf. Following that, you'll be issued a 6-month visa, allowing you to look for suitable properties, get a medical checkup, and begin your golden visa application in the UAE.

Step Three: Property Selection and Acquisition

In the following phase, you will investigate property purchasing choices, including the option of selecting a property without physically visiting the UAE. Our real estate advisors will give you a carefully chosen list of properties that match your criteria. The purchase and sale agreement will then be guided by legal professionals, ensuring a smooth transfer of ownership. The desire to own a piece of the UAE is gradually becoming a reality.

Step Four: Health Assessment

You and your family members aged 18 and up will be subjected to a thorough medical examination at a UAE facility. This assessment involves tests for severe infectious diseases as well as fluorography to get a health status certificate. Your well-being is critical as you continue on this incredible trip.

Step Five: Visa Application and Biometrics

Once your property has been secured and your health assessment has been completed, you can begin the visa application procedure. You will fly to the UAE with your family to apply for visas and present biometric information to the General Directorate of Residency and Foreigners Affairs. Mirabello Consultancy's legal professionals will provide crucial help throughout this step, ensuring a smooth and fast application procedure. The thrill of approaching your goal is real.

Step Six: Visa Approval and Issuance

The application process is usually completed in five to seven days. Additional questions can be answered within 30 days, but application approval can take up to two months. Once approved, you and your family will be given UAE residency visas, which will be the key to unlocking the enchanted doors of your new life in the Emirates.

Why to Choose Residency in UAE by Investment 

One of the most heartwarming aspects of the UAE Golden Visa program is the promise of renewal. This means that, unlike many other residency programs, you're not confined by time. You can extend your residency, allowing you to continue savoring the benefits of this life-transforming opportunity. It's the assurance that your journey in the UAE can be an enduring one, and your dreams can be a perpetual reality.

Freedom to Soar: No Further Sponsorship Required

The Golden Visa in the UAE does not bind you to a sponsor. For individuals striving to take charge of their lives, this liberty is a breath of fresh air. It means you can follow your professional goals, explore your entrepreneurial ideas, and make decisions that will shape your future with no strings attached. The sense of independence is quite liberating.

A Healthier Tomorrow: Access to Quality Healthcare

Health is wealth, and that idea is true in every way in the UAE. The country is a global medical tourism hub, with world-class healthcare facilities and services available. You have privileged access to this high-quality medical care as a Golden Visa holder. Your health and well-being will always be in the best of hands, ensuring a bright and secure future.

The Gift of Time: No Residency Requirements

Unlike many other residency schemes around the world, the UAE Golden Visa scheme does not have strict resident requirements. Because you are not required to spend the entire year in the UAE, it is an excellent solution for people with worldwide obligations. It's a gift of time and flexibility that ensures your adventure in the UAE fits effortlessly into your global lifestyle.

Tax Haven of Dreams: Tax Benefits

The UAE is a treasure mine of financial incentives for Golden Visa holders. Personal income tax exemption is a golden ticket to increasing your income and wealth. This alone qualifies the UAE as a tax haven for those looking to secure their financial future. Aside from that, the government offers a plethora of other tax breaks to its citizens, ensuring that your financial goals can develop and prosper.

Eligibility Requirements

The path to the famous Golden Visa is within grasp for anyone looking to invest in UAE real estate. The main criteria for this golden chance is that you invest in a minimum property worth AED 1 million for joint investments and AED 2 million or more for solo investors.

Real estate investment in the UAE is about more than just buying a house; it's about cementing your place in the heart of the country. You get more than simply a nice residence when you invest at least AED 2,000,000 (about USD 550,000) in a gorgeous home. You're also putting your money into the promise of long-term stability and security. It's an emotional commitment to your future, a monument to your steadfast faith in the UAE's limitless possibilities.

Stable Income 

Moreover, achieving financial stability is a crucial step in making your dreams come true. To further enhance your eligibility for the Golden Visa for Professionals, you should have a monthly income of at least AED 30,000 during and after your investment and if you are an executive director you should have a monthly income of AED 50,000 as the minimum threshold  This is not only demonstrates your financial commitment but also ensures that you are well-prepared to support yourself and your loved ones during your stay in this vibrant land.

Age 

Remember, the age requirement is 18 for the investor and their spouse, making this an opportunity that can unite and secure your family's future in this magnificent nation. With Mirabello Consultancy we will help you to get through the investment program faster. 

How Much Does It Cost to Obtain UAE Golden Visa

The idea of acquiring a UAE Golden Visa can be challenging, however, the path is worth the struggle. investment in the real estate market in UAE you get the promise of limitless possibilities. Let us break down the costs associated with this incredible journey. 

Minimum Real Estate Investment: To unlock the doors to your golden future, you'll need to make a minimum real estate investment of AED 2,000,000 or more, which is approximately USD 545,000 or beyond. It's not just a price tag; it's your entry into a world of luxury and prosperity, a place to call your own in the heart of the Emirates.

Registration Fees: There's an additional cost to realize your dream - registration fees of AED 160,000 or approximately USD 21,800. Note that the combined registration and transfer fees for the property totaling AED 160k are part of the real estate cost and are not related to the Golden Visa.

State Fees for the Visa: To make your journey complete, the state fees for the visa are AED 3,860 per person, which is approximately USD 1,050. This isn't just a fee; it's your passport to security, stability, and the chance to create a future you've always dreamed of.

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