The United Arab Emirates (UAE) brings a fantastic offer for those who want to reside in the UAE for a more extended period. Ras Al Khaimah, the famous UAE city, has launched permanent residency visas with much ease and flexibility for prospective residents and entrepreneurs. According to the Ras Al Khaimah Economic Zone (RAKEZ), the cost of this visa is AED16,500 per year, which includes facilitations and multiple benefits like Third-party visa processing, medical tests, Emirates ID card, licensing, and workspace solution.
Visa for Life is a family-friendly visa. You can easily sponsor family members to join them in the emirate. One great thing about this visa is that the authority still needs to disclose its duration.
The official details regarding this will be announced soon. Thus, those who want to enter the world of business with minimal investment should apply for this visa now. Other than that, you can park your earnings, save in a UAE bank account, and take out a personal loan for property or education.