Affordable Permanent Residency! Secure Ras Al Khaimah’s All-Inclusive Visa For Just AED16,900 PA!

Ras Al Khaimah's affordable residency, a gateway to multiple opportunities.

by Deeplata Garde
Affordable Permanent Residency! Secure Ras Al Khaimah’s All-Inclusive Visa For Just AED16,900 PA!

In a groundbreaking move, Ras Al Khaimah (RAK), one of the vibrant cities in the UAE, is now offering an all-inclusive permanent residency visa for an annual fee of just AED16,900. The initiative, introduced by the emirate’s Freezone authority, RAKEZ, is poised to revolutionize the landscape of long-term residency options, providing significant value and flexibility for prospective residents and entrepreneurs alike.

The All-Inclusive Package: Unveiling the Benefits

Described as an “all-inclusive” package on the RAKEZ website, the AED16,900 annual fee covers a multitude of services and benefits. Visa holders not only receive a UAE residence visa but also gain assistance with third-party visa processing, medical tests, issuance of an Emirates ID card, pre-approval for a business license, and the added perk of using a shared workstation. This comprehensive offering aims to streamline the residency process, making it a hassle-free experience for individuals seeking to establish themselves in Ras Al Khaimah.

Facilitating Family Entry

One of the key advantages of this affordable residency pathway is its facilitation of family entry. Visa holders have the ease of sponsoring family members, fostering a sense of community and togetherness in the vibrant landscape of Ras Al Khaimah. RAKEZ positions this initiative as an opportunity to “enter the world of business with a minimal investment,” providing individuals with the chance to embark on entrepreneurial ventures while enjoying the benefits of a stable and cost-effective residency option.

Streamlined Application Process For Visa

Navigating the bureaucracy is made simple with the AED16,500 company set-up package, covering all fees with no hidden costs. Prospective applicants can submit their requests directly through the user-friendly RAKEZ website, streamlining the application process and ensuring accessibility for individuals keen on exploring the myriad opportunities that Ras Al Khaimah has to offer.

While RAKEZ did not specify the duration of this opportunity, the unveiling of an affordable long-term residency option aligns strategically with Ras Al Khaimah’s current economic momentum. The region has witnessed a surge in foreign investment and a flurry of projects across various sectors, notably in real estate and hospitality. The announcement of the Wynn Resort Al Marjan Island, scheduled for completion by late 2026 or early 2027, has added significant impetus to the emirate’s economic landscape, attracting global attention and contributing to its economic vibrancy.

Attracting New Businesses to the Emirate

The economic surge is reflected in RAKEZ’s performance, with the first quarter of 2023 witnessing the attraction of over 1,800 new businesses to the emirate. This number is expected to escalate as the year draws to a close, underlining the increasing appeal of Ras Al Khaimah as a hub for business, and investment, and now, an enticing destination for affordable and comprehensive long-term residency.

Also Read: UAE Updates: Possible Food Wastage Fine To Art Festival Of Ras Al Khaimah Rebranding; 5 Updates For You

A Bright Future for Ras Al Khaimah

As Ras Al Khaimah continues to carve its path as a dynamic economic hub, the introduction of an affordable permanent residency option adds another layer of allure to the emirate. The prospect of obtaining a comprehensive residency package for a minimal annual investment positions Ras Al Khaimah as a destination for those seeking stability, entrepreneurial opportunities, and a vibrant community. The initiative not only enriches the lives of individuals but also contributes to the flourishing economic landscape, making Ras Al Khaimah a beacon of growth and prosperity in the UAE.

Cover Image Courtesy: Canva Stock Images

For more such snackable content, interesting discoveries and the latest updates on food, travel and experiences in your city, download the Curly Tales App. Download HERE.

Good news! We are on WhatsApp! Subscribe to Curly Tales WhatsApp Channel to stay up-to-date with exclusive content and BTS. Join HERE.