59A7D41EB44EABC4F2C2B68D88211BF4 U.A.E Visa Rules and Procedures-Law updates -free legal advice: Long-term UAE residency visas for expatriates in five new job categories

Thursday, May 2, 2019

Long-term UAE residency visas for expatriates in five new job categories

Maj Gen Saeed Rakan Al Rashedi (left) briefs the media
The long-term residency visas for expatriates from five select categories has come into force, permitting them to stay in the UAE for up to 10 years, a top official of the Federal Authority for Identity and Citizenship announced in the capital 2nd May 2019.

Announcing details at a media briefing at the General Identity Directorate in Khalifa City of Abu Dhabi, Major-General Saeed Rakan Al Rashedi, Director-General for Foreigners Affairs and Ports, said, “Today we announce the launch of new services in the field of residency, implementing the UAE Cabinet Decision No. 56 for the year 2018. It grants long-term stay in the country to investors, real estate investors, entrepreneurs, talented people like doctors, researchers, innovators and outstanding students.”


New long-term visa categories

Investors - 10 Year Visa
Conditions:

  • Public investment via deposit or company (not less than Dh10 million)
  • Non-real estate investments shouldn’t be less than 60 per cent of total investments
  • An investor should hold full ownership – not loan. Or he can prove that he reserves rights of investments for three years as a minimum.
  • The asset should not be encumbered by claims that impair the appropriateness of the financial value of Dh10 million
 Benefits:
10-year visa is renewable
Possibilities of having partnered with a condition that each partner should invest Dh10 million
Visa for spouse and children for 10 years
10-year visa for one executive director and one advisor
Six-month validity entry visa with permits for multiple travels

Real Estate Investors - 5 Year Visa

Conditions:

  • Total investment in real estate should not be less than Dh5 million
  • An investor should hold full ownership – not loan. Or he can prove that he reserves rights of investments for three years as a minimum
  • The financial asset should not be encumbered by claims that impair the appropriateness of the financial value
Benefits:
Five-year renewable residency visa
Five-year visa for spouse and children
Five-year visa for one executive director and one advisor
Six-month validity entry visa with permits for multiple travels

Entrepreneurs - 5 Year Visa
Conditions:
Owning a project with a value of not less than Dh500,000 with accreditation certificates from the government

Benefits:
Five-year visa, which can be upgraded to investors visa
Five-year visa for spouse and children
Six-month validity entry visa with permits for multiple travels. This also can be extended for another six months
Five-year visa for three executive directors.

Researchers/ Scientists, Doctors, Innovators - 10 Year Visa
 Conditions:
 Existence of a valid work contract and with specialisation in fields that are prioritised in the country
 Benefits:
10-year renewable visa
10-year visa for spouse and children
Outstanding Students - 5 Year Visa
Conditions:
The student should have at least 95 per cent in secondary school with a distinction of 3.75 GPA upon graduation from any university
Benefits:
Five-year renewable visa
Five-year renewable visa for his family
 Image Credit: Courtesy: Federal Authority for Identity and Citizenship

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