What is the new visa policy in the United Arab Emirates

The UAE cabinet has announced new admission and residence criteria in order to reinforce the UAE’s status as an exceptional place to live, work, and invest, according to Gulf News.

Significant changes have been made to the Golden Residence Scheme. These modifications make it easier to meet the eligibility requirements and expand the categories of beneficiaries. Ten years of residency is offered to investors, entrepreneurs, scientists, exceptional pupils, and first-line heroes.

A holder of a Golden Residence can sponsor their family members, and there is no time limit on how long they can stay outside of the country to keep their residence active.

After receiving a nomination from the Emirates Scientists Council, scientists with outstanding achievements can apply for Golden Residence, which comes with its own set of advantages.

The scheme is open to professionals from a number of professions who have valid job contracts in the UAE. However, the monthly compensation should not be less than 30,000 dirhams.

Students and graduates with remarkable talents, regardless of their educational background, who have been nominated by federal or local government agencies are urged to apply.

The Golden Residence is available to entrepreneurs and real estate investors with annual revenues of AED1 million and AED2 million, respectively.

There are also new five-year tracks that offer even greater benefits.

For qualified employees and freelancers, another programme known as Green Residence is available.

SOURCE: NEWS AGENCY

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