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New UAE Golden Visa Rule

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New UAE Golden Visa Rule

New UAE Golden Visa Rule

The UAE cabinet has approved the Executive Regulations of the Federal Decree-Law on Entry and Residence of Foreigners, also known as the Advanced Visa System, in an effort to boost the UAE’s standing as an ideal place to live, work, and invest. The UAE has created around ten new types of entry visas and resident permits and has enlarged the categories of the Golden Visa. The new system of entry and residence went into effect on 3 October 2022 in order to attract and retain global talents and skilled workers from all over the world, increase the competitiveness and flexibility of the job market and foster a strong sense of stability among UAE residents and their families.

In addition, the new visa and entry regulations are introduced as an incentive to empower Emirati SMEs and advance the UAE’s economic sector. A&A Associate is here to provide complete information on the New UAE Golden Visa Rules and business setup in Dubai. Contact us for more information.

Golden Visa Rules 2022

  • The UAE has enlarged the Golden Visa categories and made considerable changes to the Golden Residence Scheme in order to simplify qualifying requirements and increase the number of beneficiary categories. Investors, entrepreneurs, remarkable talents, scientists, great students and graduates, and skilled workers will be granted the 10-year Golden residency.

    The new laws will permit Golden Residence holders to sponsor their spouses and children of any age. In addition, they may sponsor an unlimited number of support services (domestic) workers. In addition, there is no maximum time of stay outside the UAE required to maintain the validity of the Golden Residence. There are additional perks for family members that allow them to remain in the UAE after the death of the original Golden Residence holder until the expiration of their permission. Visit our website to read more.

Scientists

Scientists and researchers who meet the following requirements will now be given the Golden Visa.

  • Own a Ph.D. or Master’s degree in engineering, technology, life sciences, and natural sciences from the top universities in the globe
  • To qualify for this visa, one must get a recommendation from the Emirates Scientists Council

Skilled workers

Skilled employees are eligible for the Golden Visa program if:

  • They have a legitimate job contract in the UAE
  • According to the Ministry of Human Resources Emiratisation, the position must fall under occupational level one or two
  • The minimum monthly compensation is at least 30,000 UAE Dirhams (USD 8,167)
  • The skilled worker must also possess a bachelor’s degree

Exceptional talents

Gifted persons in the fields of art, culture, digital technology, sports, innovation, medicine, law, and others are eligible to apply for the Golden Visa program under the category of extraordinarily talented individuals. In addition, the 10-year Visa will be granted entirely based on the individual’s talent. It will not depend on academic credentials, employment status, a monthly wage, or professional standing. Nevertheless, the advice or approval of a federal or local government agency will be necessary. For any doubt contact us.

 

Real Estate Investors 

Real estate investors can receive the Golden Visa for Real Estate Investors by purchasing a property worth at least 2 million AED (USD 5,44,528). Nevertheless, under the new modifications, investors can also qualify for the Golden Residence if they purchase a house with a loan from certain local institutions. In addition, investors can receive the dwelling by purchasing one or more off-plan properties for at least AED 2 million (USD 5,44,528) from recognized local real estate companies.

How to become a real estate agent in Dubai, read more.

 

Entrepreneurs

Investors in startups can now receive a Golden Visa, provided their company is registered in the UAE and falls under the category of small and medium enterprises (SME) with annual revenue of at least AED 1 million (USD 2,72,244). Additionally, the Golden Residence for Entrepreneurs may be acquired if:

  • The individual is a founder or co-founder of a previous entrepreneurial venture that was sold for a total of at least AED 7 million (USD 19,05,850.80)
  • Projects and proposals require the approval of the Ministry of Economy or the authorized local authorities

Students

Students who have excelled academically in UAE secondary schools or colleges, achieving good grades, are also eligible to apply for the 10-year Visa or the Golden Visa. In addition, brilliant students who have attended one of the 100 greatest colleges in the world are eligible to apply for the Golden Visa program. Included are academic performance/cumulative grade point average, graduation year, and university classification. For any clarification feel free to call us.

 

Humanitarian Pioneers

These humanitarian pioneers are eligible for the Golden visa:

  • Eminent representatives from worldwide and regional organizations
  • Outstanding members of public benefit organizations
  • Winners of honors in the humanitarian fields
  • Renowned humanitarian volunteers and supporters

Doctors and Nurses

In “honor of their efforts and sacrifices,” the United Arab Emirates has started providing long-term residency to physicians and nurses, the first line of defense. Between July 2021 and September 2022, all UAE-licensed physicians can apply for the Golden Visa through the ICA’s golden residency services for physicians. Nurses and medical professionals, the unsung heroes of the UAE’s fight against COVID-19, are now eligible for the prestigious Golden Visa. For doctors and nurses who wish to apply for visas in person, seven centers linked with the Federal Authority for Identity and Citizenship have been created around the Emirates. Contact us.

Benefits and Eligibility Criteria for UAE Green Residence Visa

As part of a series of new laws aimed at attracting and maintaining talent and skilled workers from around the world, the UAE Cabinet announced a new 5-year Green Residence visa, which would increase job market flexibility and build a strong feeling of stability among UAE citizens and families. The new Green Residence visa will be directed at outstanding talents, skilled professionals, freelancers, investors, and entrepreneurs for a period of five years. More incentives will be provided under the Green Residence visa to facilitate the residence of family members. Furthermore, longer flexible grace periods will allow you to stay in the nation for up to 6 months after your residence permit is canceled or expired.

UAE Work Exploration Visa, the Five-Year Tourist Visa, and Non-Sponsor Business Visa

People from all over the world who want to visit the UAE for business, work, or leisure can now choose from a number of visa alternatives. For the first time, the UAE Cabinet has authorized a variety of new forms of entrance permits and visas that do not require a host or sponsor. Furthermore, all entrance visas, whether single or multiple-entry, can be renewed for the equivalent period(s) and are valid for 60 days from the date of issuance.

The new liberalized entrance and residence plan for UAE’s new visa regulations in 2022 aims to promote the country’s economic growth, tourism industry, educational development, and overall competitiveness. The new visa law in the United Arab Emirates has simplified the entire procedure while also adding a number of bonuses and incentives for individuals who wish to hunt for a job, relocate to a new place, expand their business, make investments, or simply visit family and friends. A&A Associate is available to provide any assistance you may need as well as information pertaining to your golden visa or company formation in Dubai. Stay tuned for additional information on all of the visa changes that will take place in the UAE in 2022, and keep in mind that the UAE’s authorities are working toward the goal of making the UAE the best location to fulfill all of your aspirations. For any additional information, please do not hesitate to call us at +971564086728 or send an email to sales@aaconsultancy.ae

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