The photo has been used for illustrative purposes.
The UAE has rewarded the investors in the UAE who wish to establish new projects in the country with long-term residence visas to provide a competitive environment. It has revealed the fees for visas, which are nominal compared with many other countries of the world. The move aims to strengthen the country’s position in terms of attracting highly skilled bodies and maintain family stability of residents in the UAE.
The fees for the 10-year residence will be Dhs1,150 for investors operating in general investments or senior employees working for the investor. It will be the same for specialised talents and researchers in various fields of science and knowledge and for their families (fee for each application).
The renewal fees for the individuals sponsored by their families when they reach 18 years or after completing their secondary or university education for one renewable year will be Dhs100 per person. The same fees will apply to extending the residence visas for the widowed, divorcees and their children for one year.
The decisions of the Cabinet seek also to enhance the maritime tourism sector by fixing the 96-hour transit fee for a single entry through the seaports for only Dhs100, compared to Dhs50 for single entry through the airports.
The UAE offers long-term single entry visa for up to 180 days for Dhs1,100, for talents and researchers in various fields of science and knowledge, and multi-entry for overseas investors, entrepreneurs and talented young students.
This supports the attraction of new investors and entrepreneurs to explore business opportunities, buy real estate, or build partnerships within six months in preparation for a five-year extended stay for retirees, real estate investors, business executives, talented students and their families at Dhs650 per application.
These low fees reflect the UAE’s interest in providing a conducive and positive environment for expatriates. This will further positively beef up the various economic sectors, primarily real estate, and encourage residents to access long-term investments.
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