In the first half of 2023, Dubai witnessed a 63% increase in the issuance of residency visas and 52% in Golden Visas.
The trend has also been seen in the other emirates as the UAE continues to witness an influx of expatriates drawn by its stable economy, strategic location, and many other factors.
However, one major challenge that expats looking to relocate to the UAE face is the need for a sponsor to obtain a residency visa. But there’s good news!
The UAE Government has launched initiatives to attract and retain expatriates without the need for a sponsor.
In this blog, we will cover why expats are looking to move to the UAE, the types of visas that do not need a sponsor, like the Golden Visa, and how PRYPCO can help you in this journey.
Why are expats looking to move to the UAE?
Many expats are looking to relocate to the UAE for the following reasons:
Stable economy
The UAE’s economy has remained relatively stable despite the economic turmoil in other parts of the world.
Strategic location
The UAE’s economy has remained relatively stable despite the economic turmoil in other parts of the world.
Situated at the crossroads of Europe, Africa, and Asia, the UAE provides unparalleled access to international markets.
Safety and security
The UAE has consistently ranked among the safest countries in the world and ensures a secure environment for its residents.
Tourism hub
The iconic landmarks, world-class entertainment, and many other attractions have made the UAE a popular tourist destination.
Cultural diversity
With over 190+ nationalities living in the country, the UAE is a melting pot of cultures and makes everyone feel at home.
What are the types of UAE residency visas that do not need a sponsor?
In line with the government’s vision of attracting and retaining talent and investments, the UAE offers several avenues to secure residency without the traditional sponsor route:
Golden Visa
The UAE Golden Visa is a long-term residency visa that is valid for 10 years and is renewable. The UAE Golden Visa is a great option for expats who want to live and work in the UAE without being tied to a particular employer.
The benefits of the Golden Visa include a longer residency period and the ability to sponsor family members and domestic helpers.
How can you get the UAE Golden Visa?
The following are the eligibility requirements for the Golden Visa. It is important to note that the final decision to grant the Golden Visa lies with the relevant authorities.
1. Property investors
You should have one or more properties in the UAE with a combined value of AED 2 million and you should have paid the 4% DLD fee and down-payment.
2. Managers and directors
Currently working in the UAE for 6+ months and have a basic salary of at least AED 30,000 per month are eligible for the UAE Golden Visa.
3. Entrepreneurs
Need to satisfy any of the criteria below to be eligible for the Golden Visa:
a. AED 2 million or more in any investment fund in the UAE
b. Own a company paying taxes no less than AED 250,000
c. Investor in any enterprise within the UAE
4. Specialised talent and researchers
Like sportspersons, celebrities, artists, or experts in the fields of economics, engineering, and science are eligible for the UAE Golden Visa.
Investor Visa
The UAE Investor Visa offers a 2-year renewable residency visa. You can be eligible for the UAE Investor Visa if you have paid up at least AED 750,000 for your property in the UAE.
Retirement Visa
The UAE Retirement Visa offers a 5-year renewable residency visa. To get a visa under this category, you need to:
- be at least 55 years of age.
- and have paid up AED 1 million or more against your UAE property.
How can PRYPCO help you?
The application process for the visas mentioned above can be overwhelming and complicated.
PRYPCO can help you secure a UAE Golden Visa, an Investor Visa, and a Retirement Visa with ease.
We offer end-to-end visa processing services and take care of all the hassle. Whether you are a resident or a non-resident, get in touch with us to see how we can help you. Click here and fill out the form.
The opportunity to obtain a UAE residency visa without a sponsor has opened up opportunities for a secured residency in the UAE.
