UAE’s Residency Visa launched: Here’s everything you need to know

DUBAI – The government of the United Arab Emirates has transformed the dream of staying in the emirate into a reality by introducing a new visa type.

The residency visa is now being offered by UAE’s city, Ras Al Khaimah for prospective residents and entrepreneurs who wish to stay for a longer period in the emirate.

Ras Al Khaimah Economic Zone (RAKEZ) has introduced the new visa type, priced at AED16,500 annually, catering to entrepreneurs seeking business opportunities in the UAE. This comprehensive visa package encompasses third-party visa processing, Emirates ID card, medical tests, licensing, and workspace solution.

An interesting facet of the visa is its family-friendly nature, enabling holders to sponsor relatives to come to the emirate. Nonetheless, the visa duration remains undisclosed, with official details to be disclosed in near future. RAKEZ pitches this as a gateway to business with minimal investment, drawing interest from billionaires and investors.

The visa offers lifetime validity, offering banking opportunities, personal loans, and visa-on-arrival access to holiday destinations like Armenia, Georgia, Maldives, and Seychelles. Additionally, it facilitates driving license applications for hassle-free travel within the Emirates and employment prospects for all those who are courageous and daring.

Ras Al Khaimah, situated in the United Arab Emirates, is known for its captivating blend of ancient history and modern marvels. This city, nestled between the Hajar Mountains and the Arabian Gulf, boasts picturesque landscapes with sandy beaches and desert plains. Renowned for its rich cultural heritage, Ras Al Khaimah offers historical sites like the Dhayah Fort and the National Museum of Ras Al Khaimah. Beyond its historical allure, the city embraces economic diversification, featuring industries in tourism, manufacturing, and trade.