New Residence Visa Rules in UAE: Your Essential Guide to the Latest Updates
From its inception, the UAE has prioritized offering ample opportunities for individuals to establish their base, fostering a thriving environment for entrepreneurs, investors, and businesses. The UAE has introduced new residence visa rules to enhance inclusivity further, facilitating diverse entries into the country. Government officials have approved administrative regulations under the Federal Decree-Law on Foreigner Entry and Residence, encompassing modifications to existing visas and the introduction of new ones.
The new residence visa rules in the UAE signify a significant advancement in providing accessible pathways for investors to establish a strong foothold in the country. A key highlight is the highly anticipated launch of the UAE Golden Visa, granting expatriates the privilege to reside in the UAE for an extended duration of up to 10 years. This monumental step opens doors to long-term residency opportunities and sets the stage for further growth. With unwavering commitment, government officials diligently work to evolve these regulations while upholding the exceptional standards that define the UAE.
Updates on UAE residency visas: How can investors profit?
In mid-April 2022, the UAE Cabinet released new regulations regarding resident visas. The admission and residency laws described in these executive orders will take effect 90 days after they are published in the official gazette of the United Arab Emirates, as is customary.
Read on to learn about the revisions to the UAE’s visa regulations:
Tourist Visa (Multi - Entry Tourist Visa)
The UAE government plans to introduce a new five-year multiple-entry tourist visa that doesn’t require a sponsor, allows stays of up to 90 days, and has an extension possibility of another 90 days. The most extended period a person may use is 180 days. Any applicant for the same must have a balance in the six months before to applying for the visa of at least AED 14,700 ($4,000) or the equivalent in foreign currencies.
Entrepreneurs, investors, and businesspeople can now apply for a business visa without needing a guarantor, streamlining the process for those seeking business openings in the UAE.
If a person is from outside the UAE and has family or friends who are citizens or residents of the UAE, they may apply for this visa. The sponsor or host is not necessary for this visa either.
Through this visa, students or aspiring talents can take part in academic coursework, go to specialized training courses, or take advantage of internship opportunities. Educational research institutions in the public and private sectors both provide sponsorship opportunities. Additionally, a statement of purpose stating the duration and specifics of the study/training program is required from the entity.
Temporary work Visa
Candidates who have short-term employment commitments, such probationary periods or project-based work, should be aware of this particular visa. A temporary work contract, an employment letter, and fitness documentation are required for qualified applicants in order to obtain this visa.
This five-year visa’s main use is to let holders bring their family to the UAE without the help of a sponsor or employment. Candidates must have a bachelor’s degree or its equivalent and a minimum salary of AED 15,000 to be eligible for this program, which is open to skilled workers, independent contractors, and other professionals.
The UAE government’s innovative move to support job searchers and streamline their application procedure is commendable. Although sponsors or hosts are not necessary for this visa, applicants will need at least:
- Holders of a bachelor’s degree or its equivalent.
- Recent grads from the world’s top 500 colleges
- Candidates who fall under the Ministry of Human Resources & Emiratization’s first, second, and skill levels
Up until the age of 18, parents could sponsor their children under the prior family residency legislation. The new legislation allows for the sponsorship of male children up to the age of 25, the sponsorship of female children indefinitely, and a special authorization for the sponsorship of children with special needs.
The UAE government’s innovative Golden Visa program rewards professionals with talent. They will benefit from UAE advantages for up to 10 years with this special visa, which is open to various professional categories & investors.
The following are the various eligibility categories for Golden Visas:
If they meet criteria like those outlined below, startups and up-and-coming companies are qualified to apply for the Golden Visa.
- Fall under the SME category
- Have their startup registered in the UAE
- Have a minimum annual turnover of AED 1 million
Real estate investments are one way for real estate investors who want to establish a long-term residence in Dubai to do so. The real estate investment must be at least AED 2 million. If a person has a mortgage or off-plan real estate, their eligibility may be considered if their total cumulative investments equal or exceed AED 2 million.
This comprises those with a bachelor’s degree or higher, a current job contract, and/or a monthly salary of at least AED 30,000. According to rules set forth by the Ministry of Human Resources & Emiratization, their work must fall within occupational level one or two.
People with extraordinary potential in innovation, athletics, the arts and culture, technology, medicine, the law, and other professions are eligible to apply for the Golden Visa. These candidates need a letter of reference or approval from the appropriate government agency, complicating the process.
Scientists & Researchers
Experts in science and research are also eligible for the golden visa under certain conditions:
- A letter of recommendation from the Emirates Science Council
- A master’s or doctoral degree in biological sciences, natural sciences, technology, or engineering from a prestigious university
For investors seeking long-term residency
Without a doubt, the UAE is currently among the most desirable locations in the world for both investment and residence. Anyone looking to establish roots here is guaranteed to have an experience that is unmatched. Therefore, the fact that Dubai and the UAE offer resident permits designed to meet specific demands is to their advantage.
We understand the unique requirements of each client and tailor our services accordingly. Partnering with Vista Corporate Global Business Setup ensures access to professional expertise, streamlined processes, and competitive rates. Contact us today to explore the possibilities and take the first step toward a successful business venture.