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There are 7 benefits to having a UAE residence visa

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    After a record third quarter, Dubai property sales are nearing Dh500 billion

    After a record third quarter, Dubai property sales are nearing Dh500 billion

    UAE's fractional property market is driven by millennials

    UAE’s fractional property market is driven by millennials

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    Experts say Dubai’s waterfront properties generate up to 30% annual returns

    Real estate valuations in Ajman reached $113mln in August

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    The $500 million green sukuk issued by Binghatti Holding was oversubscribed

    The $500 million green sukuk issued by Binghatti Holding was oversubscribed

    In Jumeirah 1, Dubai Holding and Brookfield launch Solaya beachfront homes

    In Jumeirah 1, Dubai Holding and Brookfield launch Solaya beachfront homes

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    UAE’s proptech sector set to triple in value amid realty innovation

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    With 86,000 millionaires, Dubai is the 4th wealthiest city in Europe, Mena

    In District One, Prime Estates breaks ground on a luxury villa development

    In District One, Prime Estates breaks ground on a luxury villa development

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    Riyadh’s new landmark, Panorama View, is unveiled by RMJM and G1

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          There are 7 benefits to having a UAE residence visa

          February 27, 2023
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          There are 7 benefits to having a UAE residence visa
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          Do you intend to relocate to the UAE in order to work or launch a business? The UAE consistently ranks as one of the best places in the world for ex-pats, due to its high standard of living and security. Here are some more advantages you can take advantage of if you decide to move to the UAE as a resident:

          1. Open a bank account

          The applicant’s Emirates ID is one of the essential documents needed by banks in the UAE for opening a savings or current account. If you live in the UAE, you can open an account quite easily as long as you meet the bank’s standards for minimum wage and other factors.

          There are some restrictions that you would need to take into account if you wanted to request a non-resident bank account but did not have a UAE residence visa. For instance, the bank might only permit you to open a savings account, which means you might not have access to services like a chequebook. You might also have to meet higher minimum wage and balance restrictions.

          2. Access financial facilities

          As a resident, you will have access to financial services including applying for a mortgage, personal loan, or auto loan, in addition to conveniently opening a bank account.

          3. Apply for a driving licence

          Obtaining a driving licence is one of the most important life milestones for new residents in the UAE. You might be eligible to convert your present driver’s licence to a UAE driver’s licence depending on your nationality or place of residency. If not, you would have to apply at a driving school, receive lessons, and pass a test before receiving a licence.

          4. Access government health services and health insurance

          Depending on the emirate you’re in, health insurance is either required or not. Although in the Emirates, where health insurance is not required, it is still a good idea to get coverage because medical expenses can add significantly to your financial burden in times of crisis or for long-term conditions.

          The ability to obtain a health card and use government health services at a discounted rate is one of the advantages of having a residency visa.

          5. Register your children in government schools and in private schools

          According to the official website of the UAE government, u.ae, foreign students have been able to enrol in public schools since 2001 with the payment of certain fees and approval, which is granted based on merit.

          Yet, before choosing to enrol their children in public schools, ex-pats must take into account a number of issues. Outsiders, especially those who do not speak Arabic, should be aware that Arabic is the only language taught in public schools in the United Arab Emirates. Additionally, they adhere to the Emirati national curriculum, which MoE has authorised and is strictly regulated. Basic grammar and comprehension in English are taught as a second language in classrooms.

          Expatriate students are charged tuition fees as per the applied regulations.

          Private schools

          When a child enrols in a private school in the UAE, one of the required documents is a parent’s Emirates ID card. If you want to know more about the admissions process you would need to follow, and other documents you must prepare in advance.

          6. Work and invest

          You will have several possibilities as a UAE resident for both job and investment. In reality, the UAE has just lately launched special categories of resident visas that give investors and some professionals possibilities for a long-term stay.

          7. Travel visa-free to certain destinations

          Did you know that if you are a resident of the UAE, you can obtain a visa on arrival in a number of countries? The immigration regulations, however, can differ significantly depending on your nationality, so it’s a good idea to check with the foreign embassies in the United Arab Emirates before you book your trip.

          Also Read: If the passport expires in six months, can one renew their residence visa?

          Tags: Benefits of having a UAE Residence VisaBenefits of UAE Residence VisaDubaiDubai VisasGuideResidence VisaUAEUAE Residence Visa

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