What are the types of residencies in the Emirates and the difference between them? The United Arab Emirates is considered one of the most attractive destinations for residents from all over the world, whether for work, investment, study or even retirement. There are many types of residencies in the Emirates to meet the needs of different individuals and sectors. The conditions and requirements of each type of residency vary based on its purpose and the target group of individuals.

Firstly, there is the regular residency which is granted to individuals working in the public or private sectors. This residency is usually linked to an employment contract with an approved employer in the UAE and includes skilled workers and professionals along with their family members and is renewed annually or every few years depending on the nature of the contract.

As for investors and businessmen, the UAE provides a special type of residency known as the golden residency. This residency aims to attract investors, entrepreneurs and people with exceptional talents, as it grants them long-term residency that extends for several years without the need for a local sponsor. This category also includes scientists and innovators in various fields.

The UAE also offers the Green Residence, which is an attractive option for freelancers, small investors, and emerging business owners. This residence aims to support emerging companies and small projects by facilitating residence procedures and obtaining rights similar to those granted to the Golden Residence, but with less stringent conditions.

In addition, what are the types of residencies in the Emirates and the difference between them? There is a student residency that is granted to international students who wish to continue their education in Emirati academic institutions, as well as a retirement residency that is allocated to individuals who are over the age of sixty and have fixed sources of income and wish to spend their retirement in the Emirates.

By cooperating with Itqan Company, you can obtain accurate and comprehensive information on how to obtain each type of residency in the Emirates and know the subtle differences between them to choose the best type that suits your needs and personal or investment goals.

What are the types of residencies in the Emirates and the difference between them?

Requirements for obtaining green residency

The UAE Green Residency is an important option for individuals seeking long-term residency in the country, especially for those who work as freelancers or run small businesses. This residency represents a progressive step in a series of initiatives aimed at enhancing the investment and business environment in the UAE, and attracting distinguished talents from around the world. The Green Residency differs from other types of residencies such as the Golden Residency or the regular work-related residency, as it provides more flexibility and independence to its holder. In cooperation with Itqan Company, we will review the conditions required to obtain this residency, which is a crucial step towards benefiting from the many opportunities that the UAE provides for individuals seeking to establish or develop their own projects. These conditions ensure that the residency is primarily directed to individuals who have the ability to contribute positively to the UAE economy, whether through investment or by providing specialized skills and expertise. Understanding these conditions is of utmost importance for those wishing to benefit from the Green Residency, thus opening new horizons for work and growth in one of the most dynamic economies in the world. Requirements for Obtaining the Green Residency

• Proof of financial capacity: Applicants must provide evidence that they have a steady and sustainable income sufficient to cover the cost of living in the UAE. This can include income from business, financial assets, or income from investments.
• Small Business Ownership or Self-Employment: Applicants must own a small business or be self-employed. Evidence supporting business ownership or activity, such as a commercial register or employment contracts, must be provided.
• Health Insurance: It is essential that the applicant has health insurance that covers him during his stay in the UAE, to ensure that he receives health care when needed.
• Clean Criminal Record: Applicants must provide a certificate proving that they have no criminal record, either in the UAE or in the country of origin.
• Age and experience: In some cases, there may be specific requirements regarding age or professional experience, especially in sectors that require specialized skills.
• Meet legal criteria: Applicants must comply with all local laws and regulations regarding residence and work in the UAE.

By meeting these requirements, individuals can apply for green residency, which provides them with the opportunity to live and work in an environment that stimulates growth and innovation.

Advantages of establishing a company in Dubai

 Advantages of establishing a company in Dubai

Establishing a company in Dubai is a strategic step for many investors and entrepreneurs around the world. The UAE is one of the most attractive destinations for foreign investment thanks to its distinguished geographical location, stable economic environment, and flexible economic policies. Choosing to establish a company in the UAE gives investors access to one of the most promising markets in the world, in addition to benefiting from the advanced infrastructure and supportive legislative environment. The UAE is characterized by the presence of multiple free zones that provide attractive incentives such as full tax exemption, full foreign ownership of companies, and ease of transferring profits. All of these factors make the UAE an ideal destination for establishing companies and achieving sustainable growth. Moreover, the UAE has an ambitious vision towards economic diversification and sustainability, which opens up broad horizons for innovation and business development in various sectors. Advantages of establishing a company in Dubai

• Full Foreign Ownership: Foreign investors can establish companies in the free zones and enjoy 100% ownership of the company without the need for a local partner.
• Tax Exemptions: The UAE offers generous tax exemptions for both companies and individuals, with investors enjoying complete exemption from income and profit taxes in many free zones.
• Ease of procedures: The UAE offers a simplified and flexible system for establishing companies, where procedures can be completed very quickly compared to other countries, saving time and effort for investors.
• Access to global markets: Thanks to its strategic geographical location, the UAE is a gateway to regional and global markets, enhancing export and international trade opportunities.
• Advanced infrastructure: The UAE offers an advanced infrastructure that includes modern transportation networks, world-class air and sea ports, in addition to a leading communications and information technology sector.
• Political and economic stability: The UAE enjoys political and economic stability that makes it a safe destination for long-term investments, as the government is committed to providing an encouraging and prosperous business environment.
• Business-friendly legislation: The UAE is constantly updating laws and legislation to ensure the flexibility of the economic environment and support companies at all stages of their growth.
• Financing Opportunities: The UAE offers a wide range of financing options for start-ups and small and medium-sized enterprises, which contributes to supporting innovation and sustainable growth.

Establishing a company in the UAE is not only an opportunity to make profits, but it is also a gateway to entering new markets and benefiting from an investment environment that is among the best in the world.

Learn about the types of residencies in the Emirates and the differences between them

In conclusion, talking about the types of residencies in the Emirates and the differences between them, we find that the Emirates offers a variety of options for individuals and companies wishing to settle or invest in the country. This diversity provides wide opportunities for everyone, whether they are professional workers, investors, students, or even retirees, which makes the Emirates a preferred destination for many around the world.

The regular residency granted to workers in the public and private sectors is the most common and provides stability for individuals working in the UAE with the possibility of including family members, which contributes to providing a stable family environment in the long term. On the other hand, we find that the golden residency is a strategic option for investors, entrepreneurs and people with unique talents, as it provides them with long-term residency and an opportunity to grow and develop in a supportive and advanced economic environment.

Green residency stands out as a flexible option for freelancers and small investors and provides easy facilities and procedures that make it attractive to those looking to start their own projects or work independently without the need for a traditional sponsor. This residency represents a strong support for innovation and economic growth in the country.

The UAE has not forgotten international students and retirees, as it provides them with residences specifically designed to meet their needs. Student residence allows learners to focus on their studies in a distinguished educational environment, while retirement residence guarantees retirees a decent and stable life in a country with a high quality of life.

By cooperating with Itqan Company, those wishing to reside in the Emirates can obtain the necessary support to understand and choose the appropriate type of residency based on their personal or professional needs. Itqan Company provides the knowledge and experience to facilitate all procedures and ensure full compliance with local laws and regulations, making the experience of obtaining residency in the Emirates smooth and free of complications.

By choosing the UAE as a place to live or invest, you benefit from a flexible and supportive economic environment characterised by cultural diversity and political stability. This is what makes the UAE one of the best global destinations for living, working and investing.

Frequently asked questions about the types of residency in the Emirates and the differences between them