Investing in UAE is something we all wish to do. However, many of us do not know how it is possible to start your business in the UAE and do this without breaking the bank. Struck by inflation soon after the Global Pandemic, ‘COVID-19’, thinking about future financial prospects is inevitable. And truth be told, nothing is wrong in considering multiple options. Being on the same page, we have brought you detailed information on investment opportunities for businesses in the UAE that may fall within your budget.

“VISA FOR LIFE” – A MOVE TO BETTER FUTURE

The United Arab Emirates, the area of Ras Al Khaimah, has recently launched an inventive initiative called “Visa for Life,” facilitated by the free-zone authority RAKEZ. This Emirate wants to catch up to others when it comes to business in the UAE and to grow and expand to new heights for local and international investors alike. What adds significance to this endeavor and makes it a noteworthy investment opportunity is its cost-effectiveness, with the service being accessible at an annual fee of AED 16,500 (roughly PKR 1.25 million).

VALUE PROPOSITION THROUGH MAXIMIZING ADVANTAGES

At the annual cost of AED 16,500, the Visa for Life provides a range of advantages, including:

1. A residential visa pan-UAE
2. Ensured processing of third-party visa
3. E-channel/Immigration file
4. Medical services (tests) for business in the UAE
5. An Emirates-based ID-card
6. Businesses in UAE license pre-approvals
7. Share workstations access

UNDERSTANDING THE IMPORTANCE OF A UAE RESIDENCE VISA FOR BUSINESS IN UAE

The following pointers will suffice enough to make you understand how exactly “Visa for Life” marks a significant impact regarding business in UAEt:

• Sponsor Family Members

1. Sponsor family for residency, work, and study.
2. Afford family members the privilege to live, work, and study in the country.

• Explore Business Opportunities

1. Tap into dynamic market opportunities.
2. Explore entrepreneurial potentials with nominal investment.

• Establish a UAE Bank Account and Avail of a Personal Loan

1. Open a UAE bank account for financial transactions.
2. Avail personal loans for property or education, ensuring financial flexibility.

• Attain Health Insurance Coverage

1. Secure health insurance coverage for comprehensive healthcare.
2. Ensure access to quality medical services.

• Enrol Children in Educational Institutions

1. Enrol children in world-class educational institutions.
2. Provide access to quality education for your children.

• Enjoy Visa-on-Arrival Privileges

1. Benefit from visa-on-arrival privileges at vacation destinations.
2. Convenient and accessible travel to Armenia, Georgia, Maldives, and Seychelles.

• Apply for a Driving License

1. Streamline travel across the Emirates with a valid driving license.
2. Enhance job prospects requiring a driving credential.

TRANSPARENCY: ENSURING TRUST AND QUALITY

AED 16,500 inclusively encompasses all related fees, removing the need for extra costs. This transparent fee structure streamlines the process for individuals interested in securing the “Visa for Life.”

DIRECT APPLICATION FOR “VISA FOR LIFE” INITIATIVE

Those enthusiastic about seizing this transformative opportunity can directly submit their requests via the RAKEZ website. However, it is important to note that the announcement does not explicitly specify the duration for this opportunity, emphasizing the need for potential applicants to act promptly. Do not miss the chance to embark on a transformative journey towards success in business in UAE with the “Visa for Life” initiative.

Conclusion about business in UAE

In conclusion, the “Visa for Life” initiative in the UAE, offered by Ras Al Khaimah through RAKEZ, provides an attractive opportunity for establishing a business post-pandemic. Priced competitively at AED 16,500 annually, this investment chance includes benefits like third-party visa processing, medical services, business license pre-approvals, and more. This initiative creates a favorable environment for entrepreneurs with minimal investment, offering not just a residential visa but also opportunities for family sponsorship, access to financial services, educational benefits, and visa-on-arrival privileges for travel.