The UAE has always given top priority to the requirements of foreign investors and professionals wishing live, work and do business in the country. In line with this policy, the government has recently announced robust visa reforms for investors, entrepreneurs, professionals, job seekers and tourists. PRO firms in Dubai can advise you on how to leverage the benefits of the new reforms announced by the government.
The executive regulations issued by the UAE government provide insights on the types of visas and the relevant conditions. The new visa reforms are aimed at attracting and retaining global talents and skilled workers from all over the world. The new reforms are related to Golden visas, Green visas and entry permits for job seekers and tourists. Avail of the best PRO services in Dubai to obtain any of these visas hassle-free. Meanwhile, go through the following article to understand further:
Golden Visa Reforms
The new Golden Visa amendments have simplified the eligibility criteria and expanded the categories of beneficiaries. The 10-year Golden Visas are granted to categories such as investors, entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates, humanitarian pioneers and the first line heroes. As per the new amendments, Golden Visa holders can sponsor their spouse and children irrespective of their age.
The Golden Visa holders can also sponsor domestic workers without no restriction on their number. Also, no restriction has been imposed on the maximum duration of stay outside the UAE to keep the Golden visa valid. If a Golden Visa holder dies, his or her family can stay in the UAE until their permit duration expires. Talk to PRO firms in Dubai for further details on new Golden Visa reforms.
New Residence Types with Unparalleled Benefits
Significant amendments include the introduction of five-year residence visas for global talents, skilled professionals, freelancers, investors and entrepreneurs. The amendments offer more perks to their family members also. It also allows the visa holder to stay up to six months in the country even after the residence visa is cancelled or expired. Avail of PRO services in Dubai to obtain more information in this regard.
Green Visa for Skilled Employees
Green visas are a new type of residency that allows 5 years residency permit for skilled employees without a sponsor or employer. However, the Green visa applicants should show a valid labour contract and should be categorised in the first, second or third occupational level as per the Ministry of Human Resources and Emiratisation (more). A bachelor’s degree or equivalent is the minimum educational qualification. Moreover, the salary should not be less than AED 15,000.
Green Residence for Freelancing and Self-Employment
The UAE has always supported flexible work modes such as freelancing. Many free zones in Dubai and other emirates freelancer permits for individuals. However, the Covid-19 has increased the demand for freelancers as remote working has gained more popularity. Given this changing business landscape, the UAE has decided to provide a 5 years Green residency for freelancers and self-employed individuals. More importantly, the freelancers under a Green visa don’t require a sponsor or employer in the UAE.
However, there are certain other conditions that freelancers must meet to obtain a Green visa in the UAE. They must obtain a freelance/ self-employment permit from the Ministry of Human Resources and Emiratisation (MoHRE). They should also possess a minimum education level of a bachelor’s degree or specialized diploma. The annual income from self-employment for the previous two years should not be less than AED360,000 or the applicant must prove financial solvency throughout his stay in the UAE.
Green Residence for Investor or Partner
In a major amendment, the UAE has brought investors within the scope of the Green visa. Investors or their partners can obtain 5 years of residency by establishing a business in the UAE or participating in commercial activities in the country. Earlier, the residency Vis for investors was valid only for two years.
However, you need to meet key requirements such as approval of the investment and proof of investment. Investors should also get approval from the local authorities. The government will calculate the total invested capital if the investor has multiple licenses. Get help from PRO firms in Dubai to apply for a Green visa.
New Benefits for Family Members
Under the new amendments, it has now become easier for a resident to sponsor his or her family members, including her spouses and children. The age of children has been increased from 18 years to 25 years. There is no age limit for sponsoring unmarried daughters. Residents can sponsor children of determination irrespective of their age. Green visa holders can also sponsor first-degree relatives.
How can PRO Firms in Dubai Help You?
Even though the new amendments have simplified the residency norms, residents and entrepreneurs are advised to seek the help of PRO firms in Dubai to apply for Golden Visas or Green Visas. The applicants have to check eligibility and provide valid documents to prove investment and other eligibility requirements. PRO companies in Dubai such as Jitendra Business Consultants can help you navigate such complex tasks. Avail of JBC’s PRO services in Dubai for a hassle-free residency in the country.