Dubai has rapidly become one of the most sought out options of working abroad and earn decent money for the family back home and save money for the future by many expatriates. Most of these expats come from the South Asian region, including India, Pakistan, Sri Lanka, and Bangladesh, while there are many others from Middle Eastern countries like Lebanon, Syria, Egypt, and Oman, etc. Dubai offers some of the most amazing career options to most of these people with highly competitive skills and educational background, which is why the top officials from these countries love to further their careers in a competitive job market like the United Arab Emirates. However, there are many other people who contact immigration companies in Dubai with questions regarding options of permanent residencies to this country. We will take a look in this article at the options these people have in the UAE.
According to many visa consultants in Dubai, there are many ways for the expats to obtain a permanent residency status. Apart from becoming an employee of a Dubai-based company or getting an admission in a Dubai-based university, there are also other ways for the people to get permanent residency in the UAE. The most reliable options are here as under.
- Purchase a Property in Dubai
Purchasing a property or real estate is the first option to acquire residency status in the UAE. In order to be able to apply for the residency, the person who is trying to get the residency must present the papers of the property, which is completed. The world ‘Completed’ means that the property must not be in construction phase and it is ready to move. Furthermore, the total value of the real estate property shouldn’t be less than a million UAE dirhams which equals approximately 273,000 U.S. dollars. In this way, the person doesn’t have to register a company in the UAE. On the other hand, the downside of this option is that the residency is issued for two years only and the person with this visa is not allowed to work anywhere in the UAE.
- Register Your Company in Dubai
Entering the UAE as an entrepreneur is your second option to get yourself permanent residency of the country. You may opt for founding the company in the mainland Dubai or in one of the free zones spread across the UAE. This way one can get the UAE residency as a company’s shareholder. Moreover, the person can also sponsor other peoples to have residency status in the UAE as part of his company. The only demerit of this option is that the cost of getting the company registered starts at around 9,500 U.S. dollars which is very much on the higher side when compared with such expenses for residency in other first world countries.
You may always contact the Australian immigration consultants in Abu Dhabi, if you’re living and working in Dubai and want to further your career in a developed country like Australia.