Dubai’s government, managed by Vice President, Prime Minister, and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, has approved the put new rules into effect for the Federal Decree-Law on Foreigners’ Entry and Residence. Dubai city and Abu Dhabi are two of the seven sheikhdoms that make up the UAE.
The UAE hopes to attract and retain global talent and skilled workers by taking advantage of the new entry and residence system. In addition, they aim to improve the competitiveness and flexibility of the labor market and improve the standards of life for UAE residents and their families.
In the first part of this article, we will tell you about some new updates on UAE visas.
Golden Residence for Scientists
Based on the Emirates Scientists Council proposal, this residency is offered to experts and research scientists with significant accomplishments and impacts in their profession.
The nominee ought to have a Ph.D. or master’s degree in engineering, technology, biological sciences, or natural sciences from one of the world’s top institutions and significant research accomplishments.
Golden Residence for Professionals
This category is being expanded significantly in order to attract talented employees with educational credentials and professional skills and experiences in all disciplines, such as medicine, science, engineering, ICT, business and management, education, law, culture, and social sciences.
Per the UAE’s Ministry of Human Resources and Emiratisation classification, the applicants must possess a valid work contract in the UAE and be defined in the first or second worker level. In addition, this Ministry is aligned with the International Labour Organization’s International Standard of Classification of Occupations (ISCO).
A bachelor’s degree or an equivalent degree is required, and the monthly compensation cannot be less than AED30,000.
Golden Residence for Real Estate Investors
Golden Residence may be obtained by real estate investors who purchase a home valued at least AED2 million.
According to the new modifications, investors can also get the Golden Residence if they buy a home with a loan from a specified local bank. In addition, investors can also earn Golden Residence by purchasing one or more off-plan homes from recognized local real estate businesses for no less than AED2 million.
New Residence Types with Unparalleled Benefits
Significant enhancements include introducing new 5-year residency tracks to recruit talents, highly skilled people, freelancers, investors, and entrepreneurs. In addition, more benefits are provided to assist the residency of family members, including longer flexible grace periods of up to 6 months to remain in the nation after the residence permit is revoked or expired and facilitating and simplifying the criteria of all residence kinds.
Green Residence for Skilled Employee.
This new route offers competent employees a 5-year residence without the need for a sponsor or company. Applicants must possess a valid work contract and be classed as first, second, or third worker level by the Ministry of Human Resources and Emiratisation. A bachelor’s degree or an equivalent degree is required, and the remuneration should not be less than AED15,000.
Green Residence for Investor or Partner
This residence permit was established to stimulate investment by offering investors who develop or participate in commercial activity a 5-year residency permit. It takes the place of the prior residency, which was only valid for two years. Confirmation of the investment and evidence of investment are among the requirements. The invested money will be determined if the investor holds more than one license. Investors and partners also need the approval of the appropriate municipal authorities.
New Benefits for Family Members
The new system gives residents extra privileges, such as readily obtaining residence permits for family members such as spouses and children.
The sponsorship age for children has been increased to 25 years (formerly 18 years), without an age limit for single daughters. In addition, children of determination, whatever of age, are awarded a residence visa.
Owners of Green Residences may give residence permits to their first-degree relatives. In all situations, the residency of close relatives shall be for the same period as the original residence owner.
Job Exploration Entry Visa
This visa was created to invite young talents and talented professionals to explore career prospects in the nation; it does not necessitate a sponsor or a host. It is provided to people designated as having the first, second, or third skill level by the Ministry of Human Resources and Emiratisation and new graduates from the world’s top 500 institutions with a bachelor’s degree or equivalent to the minimum educational level.
Business Entry Visa
To stimulate investors and entrepreneurs to investigate business and investment prospects in the UAE, this kind allows for quick entrance without the need for a sponsor or host.
Entry Permit for Study and Training.
This entry permit is for people who are enrolled in training and study courses and those who are engaging in internship programs. Universities, educational or research institutes licensed in the nation, and government or commercial enterprises, can serve as sponsors. It necessitates a letter from the entity outlining the contents of the study, training, internship program, and duration.
Let’s Sum Up
UAE has made new rules to attract investors, entrepreneurs, and skilled workers. This article talks about the first part of these updated rules.
If you like to know more about the new regulations of UAE visa rules, visit the second part of our article.