Now get a Golden, Green or a Freelance Visa in Dubai with these easy steps!
With each passing year, the population of expats in UAE is increasing rapidly, making up approximately 89 per cent of the total population. Earlier, the residents who were not belonging to UAE or GCC nationals needed a sponsor of their residence, which is subject to renewal after 2-3 years. However, with the recent amendments in the visa policies have opened new paths for the foreigners.
UAE Golden Visa
The UAE Prime Minister “Sheikh Mohammed Bin Rashid Al Maktoum” launched the scheme of “Golden Visa” in 2019. This visa offered long term residency (5-10 years) for a certain category of persons including investors, entrepreneurs and specialized talent including outstanding students, medical professionals, scientists, researchers, doctors, lawyers, and artists. The main objective of this Visa is to ensure that all expatriates, who are contributing to the development of the country in one way or another, shall be given security in terms of residence.
Under the investor category, mainly those investors who have made a public investment of at least AED 10 million, or a deposit of at least AED 10 million in an investment fund in the UAE are allowed. The minimum period of investment is 3 years, and it must not be borrowed funds. This Visa also expands to those individuals who are a partner of a UAE based company with a minimum capital of AED 10 million.
The individuals applying under the specialised talent category need to demonstrate their high level of skills in a specified field. Dubai Government extended this Golden Visa to frontline responders in 2020, keeping in mind their dedicated efforts during the pandemic.
UAE Green Visa
On 5th September, 2019, a new visa called Green Visa was unleashed by the UAE Government. Similar to the Golden Visa, this Visa also extends security to the target skilled workers, investors, entrepreneurs, outstanding students, and talented graduates.
However, there are some crucial differences between both of them. Against the traditional rule, this green visa allows foreign residents to sponsor their parents and sons till the age of 25 years. Further, this visa is not related to the work permit; it will permit only those whose visa has expired or whose job is lost to stay in the UAE for a period of 180 days. Earlier, this grace period consisted of only 30 days. This will give a major boost as most visas are tied to employment.
Recently, an additional category of Visa was also announced namely “Freelance Visas”. This visa will cater to the needs of those individuals who are working without a work permit and employment contract. This visa aims to draw specialists and professional retirees to work even in the absence of a specialised work permit, which will result in economic development of the country.
With the advent of a new visa system, the families of the expats will get a big support. Talented residents can now choose an integrated path; they can remain in the country for a substantially longer period by getting a Golden Visa. This scheme will attract global talent and investment which will provide impetus to its mega Projects of the 50″ campaign, celebrating the 50th anniversary of the UAE and outlining a roadmap for the country’s future growth and development.