Permanent residency in Dubai has become a sought-after goal for many due to the city’s vast job opportunities and vibrant economic environment. Dubai has recently introduced several amendments and updates to its permanent residency laws to make it more attractive to foreigners and investors. This new trend includes granting long-term residency permits to investors, entrepreneurs, retirees, and specialized professionals, reflecting Dubai’s commitment to attracting and retaining global talent and enhancing the emirate’s business environment. In this article, we will review the most important aspects of Dubai’s permanent residency laws, including the requirements, benefits, and procedures for obtaining permanent residency laws in Dubai , and how individuals and companies can benefit from these amendments.

Permanent Residency Laws in Dubai

Dubai’s permanent residency laws are a significant step towards enhancing the emirate’s appeal as a global hub for business and life. Dubai offers unique opportunities for permanent residency through the Golden Residency Program, which is granted to individuals based on specific criteria including investment, professional excellence, or retirement. The Golden Residency is granted for a period ranging from 5 to 10 years, with the possibility of renewal based on meeting the conditions. Eligible categories for permanent residency include investors who invest large sums in projects or companies in Dubai, entrepreneurs who present innovative and applicable ideas, professionals specializing in vital fields such as technology and medicine, in addition to retirees who prove their financial ability to support themselves without having to work. To obtain permanent residency, documents such as a passport, qualification certificates, and financial records must be submitted, in addition to meeting the investment or professional experience conditions. This residency is an opportunity to enhance personal and professional stability, and allows individuals to benefit from the advanced economic environment and high-quality services in Dubai.

Permanent residency requirements in Dubai

To obtain permanent residency in Dubai to establish a company in Dubai , specific conditions must be met that vary depending on the type of residency targeted. The following are the most important conditions related to permanent residency in Dubai:

Golden Visa:

• Investors: Investing in Dubai with large amounts in projects or companies in Dubai, the minimum investment is usually around 10 million dirhams. And owning a large percentage of the shares of the company or project.
• Entrepreneurs: Present an innovative and successful business plan. Evidence of success of previous or current projects.
• Professionals: Demonstrate expertise and skills in vital fields such as technology and medicine. Provide internationally recognized academic and professional certificates.
• Retirees: Proof of financial ability to support oneself without having to work in Dubai. And provide documents proving continuity of income or savings.

Long-Term Residence:

• Scientists and Researchers: Making outstanding contributions in their scientific or research fields.
• Outstanding Students: Obtain high academic grades and demonstrate excellence in the academic field.

Required documents:

• Passport: A valid copy of your passport.
• Qualifications: including academic degrees and professional experience.
• Financial record: To document financial capacity and ability to invest or support.
• Additional documents: such as birth certificates, marriage certificates, and lease or property contracts.

procedures:

• Submitting the application: Through the electronic portal of the relevant authority in Dubai.
• Review: The competent authorities review all documents and applications according to the specified standards.
• Medical examination: A medical certificate stating that you are free from infectious diseases may be required.
• Final Decision: After reviewing the applications, a permanent residency visa is issued based on approval.
  Permanent residency in Dubai is a great opportunity for beneficiaries, as it provides them with long-term stability and the ability to benefit from the many benefits that the emirate offers.

Steps to permanent residency in Dubai with the help of Etqan Company

If you are looking to obtain permanent residency in Dubai, Etqan can help you achieve this goal. The first step begins with a comprehensive consultation by the Etqan team, where your qualifications and personal and professional needs are assessed. They then prepare and collect all the required documents, including your passport, qualification certificates, and financial records. Once the documents are ready, Etqan submits your application to the relevant authorities in Dubai, ensuring that all the special conditions and requirements and necessary trade licenses for permanent residency are met. The company also follows up on the progress of the application process, and coordinates with government agencies to ensure that your application is processed efficiently and quickly. Once the application is approved, Etqan assists you in completing the final procedures, including issuing the permanent residency visa. This comprehensive service ensures that you save time and effort and simplifies the process, allowing you to focus on settling in and integrating into the distinguished life of Dubai.

Tips for Permanent Residency in Dubai

Obtaining permanent residency in Dubai is an important step that requires planning and attention to detail. Here are some tips that may help you successfully obtain permanent residency:

1. Check the requirements: Start by checking the terms and requirements for the type of permanent residency you are seeking, whether you are an investor, entrepreneur, skilled professional, or retiree.
2. Document Preparation: Accurately collect and prepare required documents, such as passport, qualification certificates, financial records, and medical certificates if necessary. Ensure that all documents are translated and certified if they are in a language other than English.
3. Expert Consultation: Use the services of specialized companies such as “Itqan” to obtain legal and administrative consultations. These companies can help you prepare and submit the application correctly, which contributes to speeding up the approval process.
4. Invest wisely: If you are seeking residency through investment, make sure your investments meet the specified criteria, and be prepared to provide evidence of the value of your investments.
5. Compliance with local laws: Make sure you understand and comply with local laws and regulations in Dubai, including residency and visa renewal requirements, to maintain your legal status.
6. Maintain a good record: Make sure to maintain a clean record of any violations or legal issues, as this can affect the acceptance of your permanent residence application.
7. Financial Planning: Be prepared to meet the financial requirements, either through investment or proof of ability to support yourself financially, to ensure that the residency requirements are met.
8. Continuous communication: Maintain communication with the relevant authorities and consulting companies to follow up on the status of your application and update any necessary information.
9. By following these tips, you can improve your chances of obtaining permanent residency in Dubai and enjoy the benefits of settling in this vibrant city.

How long does it take to process a permanent residence application?

Processing a permanent residency application in Dubai may usually take from several weeks to several months, depending on several factors:

• Type of residence: The type of visa (such as golden residence) can affect the processing time.
• Documents provided: The completeness and correctness of the documents provided affects the processing speed.
• Request Volume: Peak times or high volume of requests may affect processing time.
• Completing the procedures: Any additional requests or requirements from the competent authorities may extend the period.
  To obtain an accurate estimate and expected time for processing your application, it is preferable to follow up on the status with the competent authorities or through specialized companies such as “Itqan” that can provide assistance in expediting the process.

In conclusion, permanent residency in Dubai represents a unique opportunity to live and work in one of the most vibrant and advanced cities in the world. By meeting the required conditions and adhering to the legal procedures, beneficiaries can benefit from the many advantages that Dubai offers, such as a thriving economic environment, high quality of life, and great opportunities in various fields. In addition, cooperating with specialized companies such as “Itqan” can facilitate and speed up the process of obtaining permanent residency, thanks to their experience and professionalism in dealing with local procedures and standards. With good preparation and understanding the requirements, you can achieve your goals of settling and succeeding in Dubai, and benefit from everything this wonderful city has to offer.

Frequently asked questions about permanent residency in Dubai