Property Visa In Ras Al Khaimah
Having temporary status in the UAE is not enough? Now you want to obtain permanent residence and settle down in the United Arab Emirates (UAE)? Then you should think about obtaining a Property Visa In Ras Al Khaimah. A property visa allows you to stay in the country for as long as you own your property. The property must be held jointly by two people who are husband and wife or by a company. Please note that not every property will qualify for a property visa. For example, it must be an apartment, villa or building of at least 500 square metres. If you are interested in more information about Property Visa In Ras Al Khaimah, then I highly recommend you to get acquainted with this guide.
Property visa is a ras al-khaimah government scheme which gives the foreign investors a lifetime residency visa in ras al-khaimah for buying the property of certain minimum value. The scheme is introduced to encourage the investment and recreation. Once you buy the property in looking for jobs in ras al-khaimah, its legal ownership will be transfered to you as soon as it is registered with ras al-khaimah municipality. It is easy to apply for property visa in ras al-khaimah under this scheme. we can help you by providing all the relevant information about applying for property visa in ras al-khaimah and give you a hand over the whole process.
We are dealing with all types of visas permissible by law and its part from the Emirate Of Ras Al Khaimah in UAE, we grant Property Visa for any buyer who wants to invest in the Emirate Of Ras Al Khaimah. We are fully licensed by UAE Ministry of Justice to offer dispute resolution services in all courts, free zone tribunals, and free zone arbitration bodies.
Property Visa In Ras Al Khaimah
As Ras Al Khaimah is alerting the comprehensive 100% free visa program for non-UAE nationals, it becomes vital for the property buyers to get the visa in place. This article has constructed in detail about about different procedures with respect to obtaining visa for Property buyers, as per their needs.
If you wish to settle and purchase a property in the United Arab Emirates, you may apply for a Property Investor residence visa.
You must invest at least AED1,000,000 in real estate of a designated and approved area by the Government.
Once you have purchased the property you may apply for a residence visa. This visa will be valid for up to 2 years, renewable, as long as you still own the property and you visit the country at least once every 180 days. Absence for a longer period may lead to the visa’s cancellation.
The visa will give you the right to live in any of the 7 Emirates; all government related matters need to be done in the state where your UAE residence visa is issued. Note that this visa does not entitle you to a work permit.
Once you have obtained the visa, you can sponsor your relatives, who may apply for a family visa tied to your residence visa. A man may not apply for a visa for his children, if it is not done together with his wife, unless the latter is deceased.
There is no permanent residence visa, which means that every two years you must renew the visa. This visa does not lead you to citizenship.
Requirements
– Have a monthly income of at least AED10,000 or equivalent in foreign currency.
– Have medical insurance.
– Property must be of an appropriate size to house family members.
– The property should be owned by you.
– The property should be a flat/apartment or villa.
– It should be in the free hold area (i.e. the area where foreigners are permitted to own properties).
– The current value of the property should be a minimum of AED1 million.
– The property should not be a lease to owner or a lease of 99 years;
– If the property is mortgaged, at least 50% of the value of the property should have been paid.
– The title deed should be issued by the Land Department.
Restricted Nationalities
No nationality is officially restricted
Dual Citizenship
Dual citizenship is not recognized in United Arab Emirates. To become a citizen of United Arab Emirates, you must renounce your previous nationality.
Documents Required
- Evidence of Health Insurance
- Title Deeds or Proof of Registration of Real Estate
- Medical Certificate
- Original and photocopy of passport
- Original Police Clearance Certificate
- Proof of income
- Three passport-size photos
- Bank Statement
- Dual Citizenship No
- Family Members Included No
- Land Ownership No
- Physical Residence Required No
- Personal Visit Required Yes
- Language Skills Required No
- Interview Required No
- Investment Single $270,000
- Investment Family 4 $270,000
- Minimum Annual Income $30,000
- Time To Citizenship
- Time To Permanent Residency
- Visa-Free Countries 121
- Financing Available