What are the Dubai Permanent Residency (Golden Residency) Laws? Dubai Permanent Residency, also known as the Golden Residency, is one of the most important initiatives launched by the UAE to enhance the investment environment and attract global talent. This residency allows individuals and their families the opportunity to settle in Dubai for up to ten years, with the possibility of renewal, providing them with long-term stability and exciting opportunities for professional and personal growth. The Golden Residency targets investors, entrepreneurs, talents in various fields, and graduates from the best international universities, reflecting the UAE’s vision to promote a knowledge-based and innovative economy. In this article, we will review the laws and conditions associated with the Dubai Permanent Residency (Golden Residency) Laws, as well as the benefits it offers to residents.

Dubai Permanent Residency Laws (Golden Residency)

The Dubai Golden Residence is one of the most important initiatives that aims to attract investors to invest in Dubai and talented people to the United Arab Emirates. Here are the most important laws and conditions related to permanent residency (golden residence):

1.  Duration of residence: The golden residence is granted for a period of up to 10 years, with the possibility of renewal.
2. Costs: The cost of obtaining a golden residency includes fees related to the application and processing process.
3. Application requirements: Proof of investment or business activity must be provided. Documents proving skills or academic qualifications must be submitted. Valid health insurance is required for residents.
4. Exemptions: Golden Residency holders are exempted from some employment restrictions, allowing them the freedom to work in multiple sectors.
5. Family: Golden Residence holders can add their immediate family members to the residence.
6. Benefits: The Golden Residency provides its holders with many benefits, including access to high-quality health and education services, in addition to the ability to travel without the need for additional visas.
   Through the Golden Residency laws, the UAE seeks to create an attractive environment for global talents and investors, which contributes to strengthening the national economy and achieving sustainable development.

Categories concerned with obtaining permanent residency in Dubai:

The Dubai Golden Residence targets several categories of individuals, in order to enhance the attraction of talents and investors to the UAE. Here are the categories concerned with obtaining permanent residence:

1. Investors: These include individuals who invest a certain amount in commercial projects or purchase real estate in Dubai, contributing to the development of the local economy.
2. Entrepreneurs: Entrepreneurs who present innovative ideas or new commercial projects are considered among the targeted categories, as they must have a clear vision and well-studied business needs.
3. Talented: This category includes individuals with high skills in fields such as science, technology, and medicine, in addition to creative individuals in the fields of art and culture.
4. Graduates: Graduates from highly ranked international universities are targeted, as they must have achieved distinguished academic achievements.
5. Specialists in vital fields: This category includes individuals who have expertise in specific fields that contribute to economic development, such as scientific research and technology.
6. Startup owners: This includes owners of small and medium enterprises seeking to expand their businesses in the UAE market.
7. Families: Golden Residency holders can add their immediate family members, which enhances family stability in the country.
Through these categories, the UAE seeks to attract high skills and competencies, which contributes to enhancing economic and social growth.

Privileges granted by the UAE to these categories:

The UAE offers many privileges to the categories concerned with obtaining the golden residency, which contributes to attracting talents and investors. Here are the most important of these privileges:

1. The Golden Residency is granted for up to 10 years, with the possibility of renewal, providing long-term stability for residents.
2. Golden residency holders are allowed to work in several sectors without the need for a sponsor, giving them great freedom in choosing their fields of work.
3. Golden Residency holders can add their immediate family members, facilitating the family reunification process.
4. Golden Residency holders have access to high-quality health and education services, including international schools and universities.
5. Golden Residency holders can participate in new investment projects and benefit from the supportive economic environment.
6. The golden residency system allows its holders to move freely between countries of the world, facilitating travel for business or tourism purposes.
7. The UAE has a favourable tax system, with no personal income tax, making it easy to live and work.
8. Health insurance is required for residents, which enhances their comfort and ensures that they receive appropriate healthcare.
9. Golden residency holders can benefit from government programs and initiatives that support investors and innovators.
10. The UAE offers a sophisticated business environment with a strong infrastructure, making it easy for businessmen to achieve their goals.
11. These privileges contribute to making the golden residency an attractive option for individuals from various fields, reflecting the UAE’s vision to enhance economic diversity and attract the best global talent.

Establishing a company in the free zone with the help of Itqan Company

Establishing a company in the Dubai Free Zone with the help of Itqan Company is a strategic step for investors, given the privileges that free zones offer. Here are the basic steps that can help you on this path:

• Dubai offers several free zones, such as Jebel Ali Free Zone and Dubai Silicon Oasis. You should choose the zone that suits the type of business you want to establish.
• You can establish a limited liability company or a branch of an existing company. You need to decide on the legal structure that best suits your goals.
• Required documents include: passport copy, personal photos, business plan, and articles of association. Itqan will help you prepare these documents.
• After preparing the documents, an application for a commercial license must be submitted to the authority responsible for the free zone.
• Itqan will assist you with the application process and ensure compliance with legal requirements.
• Free zones require an office, and Etqan can help you find the right office for your needs.
• A bank account must be opened in the company’s name. Itqan can direct you to banks that offer services suitable for companies in free zones .
• In case you have employees, Itqan will assist you in their registration procedures and providing health insurance according to local laws.
• Ensure that you comply with all free zone laws and regulations, such as paying annual fees and renewing your license.
• Itqan provides ongoing support in all aspects of business management, including legal, accounting, and administrative advice.
• Establishing a company in the Dubai Free Zone with the help of Itqan Company gives you the opportunity to benefit from the dynamic business environment, and enhances the chances of success of your project in the UAE market.

How long does it take to get permanent residency in Dubai?

The time it takes to obtain a permanent residency (golden residency) in Dubai depends on several factors, including the type of application and the applicant’s documents. Generally, it can take between 4 to 6 weeks to obtain a golden residency after submitting the application and fulfilling all the required conditions. Approximate time steps:

1. Preparing documents: It may take a few days to a week to collect and prepare the necessary documents.
2. Submitting the application: After submitting the application, the processing period can range from 3 to 4 weeks.
3. Approval: After reviewing your application, you will receive a notification of acceptance or a request for more information. If your application is accepted, you will need to complete medical tests and pay fees.
4. Receiving the residence: After the final approval, you can receive the golden residence card.
   It is important to communicate with the relevant authorities or seek the help of a consulting company such as Itqan Company to ensure that the process is accelerated and delays are reduced.

Itqan Company Services in Residency and Investment in Dubai

Itqan Company provides a range of integrated services related to residency and investment in Dubai , making it easier for investors and residents to take steps towards achieving their goals. Here are the most prominent services provided by Itqan Company:

1. Providing comprehensive advice on available accommodation options, including Golden Residency and Regular Residency, to help you choose the most suitable one for your needs.
2. Assisting clients in preparing the required documents and submitting applications to the relevant government agencies, which facilitates the process of obtaining residency.
3. Organizing the medical examinations required as part of the residency procedures, and coordinating with approved medical centers.
4. Providing investment advice related to real estate investment or company establishment, including market analysis and available investment opportunities.
5. Assisting clients in establishing companies in free zones or local areas, including choosing the legal structure and providing support in registration procedures.
6. Guiding clients in obtaining the necessary commercial licenses to conduct business in Dubai, and providing legal advice on local laws.
7. Providing support in residency renewal procedures, including guiding clients on required documents and deadlines.
8. Assisting companies in hiring the right workers and providing health insurance services to employees in accordance with local laws.
9. Providing legal advice related to investment and residency, to ensure compliance with applicable laws and regulations.
10. Providing continuous support to clients in all aspects of their investments and residence, to ensure their success in the UAE market.
11. Itqan seeks to provide professional and reliable services to meet the needs of investors and residents, thus contributing to enhancing the business environment in Dubai.

In conclusion, Dubai ’s permanent residency laws , especially the Golden Visa system, represent a significant step towards enhancing the investment environment and attracting global talent. By offering exceptional benefits including long-term stability, freedom to work, and the possibility of family reunification, these laws enable individuals and families to benefit from the economic and social opportunities that Dubai has to offer. They also reflect the UAE’s ambitious vision of creating a diverse society that supports innovation and economic growth. Understanding these laws and their requirements can make it easier for individuals to take effective steps towards achieving their professional and personal goals in this thriving global city.