According to the Emirate Free Zone Authority (RAKEZ), the emirate of Ras Al Khaimah in the United Arab Emirates (UAE) has announced a ‘lifetime visa’ worth AED 16,500 annually .
At an annual fee of AED 16,500, the visa offers several benefits including UAE residency visa, third-party visa processing, medical tests, Emirates ID card, document pre-approval commercial license and shared workstation use.
The Permanent Residence Visa is the perfect opportunity for those looking to settle with their relatives, allowing visa holders to easily sponsor their family members to join them in the UAE.
It is important to note that the AED 16,500 business formation package includes all fees without any additional costs.
Despite disclosing the costs and associated benefits of the visa, RAKEZ did not specify how long the opportunity would be valid.