The UAE cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, vice president, the Prime Minister and Ruler Dubai, has agreed to the executive regulations from federal decrees about entry and residence of foreigners. The UAE consists of seven Shekhdom, including Dubai and Abu Dhabi. The new entry and residence system aims to attract and retain global talents and skilled workers from all over the world, increasing the competitiveness and flexibility of the work market and fostering a taste of high stability among the population and the UAE family.
Golden Residence.
.Substantial amendments were introduced to the Golden Residence scheme to simplify the criteria for feasibility and expand the beneficiary categories. This long-term place of residence is given to investors, entrepreneurs, extraordinary talents, scientists and professionals, students and extraordinary graduates, pioneers of humanity and frontline heroes.
Amendments allow gold holders to sponsor their family members, including couples and children regardless of their age, and to sponsor workers (domestic) services without limiting their numbers. Furthermore, no restrictions related to the maximum duration remain outside the UAE to keep the golden residence valid.There are other benefits for family members who allow them to live in the UAE in terms of the death of the original golden holder to the end of the duration of their permits.
Golden Residence for Scientists.
This residence was given to scientists and researchers with high achievements and influences in their fields based on recommendations from the Emirates Scientist Board.Candidates must have a PhD or Master degree in engineering disciplines, technology, life science and natural sciences from the best universities in the world, as well as substantial research achievements.
Golden Residence for Professionals.
Large expansion was introduced in this category to attract very skilled workers with educational qualifications and professional experience in all disciplines, including medicine, science and engineering, information technology, business and administration, education, law, culture and social sciences.Applicants must have a legitimate employment contract in the UAE, and must be classified in the first or second job level in accordance with the Ministry of Human Resources and Emiratization classification, which is aligned with international standards of ISCO employment classification with international labor organizations.
The minimum level of education must be a bachelor’s degree or equivalent, and monthly salary should not be less than AED30,000.
Golden Residence for Exceptional Talents.
This residence is given to Top Talent in the vital field. This is given based on talent only regardless of educational qualifications, job status, monthly salary or professional level.
It requires a recommendation or approval of federal or local government entities, and includes talented individuals in culture, art, sports, digital technology, inventors and other vital fields and vital fields.
Golden Residence for Real Estate Investors.
Real estate investors can get a golden place to live when buying property worth no less than AED2 million.In accordance with new amendments, investors are also entitled to get a golden residence when buying property with loans from certain local banks. Investors can also obtain a golden residence when buying one or more off-plan properties no less than AED2 million from approved local real estate companies.
Golden Residence for Entrepreneurs.
Executive Regulations set flexible requirements for entrepreneurs who are eligible to get a golden residence; Entrepreneurs must have or become partners in the startup registered in this country in the category of small and medium enterprises (SMEs) and generate annual income no less than AED1 million.In addition, get approval for startup ideas from official business incubators or from the Ministry of Economy or Competent Local Authority enough to get a golden residence in this category.
In addition, if the person is the founder (one of the founders) of the previous entrepreneurial project sold with a total of no less than AED7 million, he will be entitled to the golden residence. Approval of the Ministry of Economy or Competent Local Authority is needed for projects or ideas.
Golden Visa for Outstanding Students and Graduates.
This residence is targeting high-performance students in UAE secondary schools, and extraordinary graduates from UAE universities and the 100 best universities around the world, according to specific criteria that include their academic performance (cumulative average), year of graduation, and university classification.
The type of new residence with unmatched benefits.
Large repairs include introducing a new 5-year tree trek to attract talent, skilled professionals, freelancers, investors and entrepreneurs. More benefits are offered to facilitate the residence of family members, and a more flexible grace period that reaches 6 months to live in the country after the residence permit canceled or expiration, in addition to facilitating and simplifying the requirements of all types of residence.
Green Residence for Skilled Employee.
This new song provides a 5-year residency for skilled employees, without sponsors or employers. Applicants must have a valid employment contract, and must be classified at the first, second or third job level according to the Ministry of Human Resources and Emiratization. The minimum education level must be a bachelor’s degree or equivalent, and the salary should not be less than AED15,000.
Green Residence for Freelancing and Self-Employment.
In line with the increasing importance of a flexible work model, this song provides a 5-year residency for freelancers and self-employed individuals without requiring sponsors or employers in the UAE. It requires freelance / entrepreneurial permits from the Ministry of Human Resources and Emiratisation, the minimum level of education must be a bachelor or special diploma degree, and annual income from entrepreneurship for two years before it should not be less than AED360. , 000, or that the Petitioner proves financial solvency throughout his stay in this country.
Green Residence for Investor or Partner.
This residence permit was introduced to encourage investment, providing a 5-year residency for investors who build or participate in commercial activities. This replaces the previous residence which only applies for 2 years. Requirements including investment approval and investment evidence. If investors (partners) have more than one license, the total investment invested will be calculated. Approval of competent local authorities is mandatory.
New Benefits for Family Members.
The new system provides more benefits for family members, which allows the population to easily issue a residence permit for their family members, including couples and children.The age of children who can be sponsored has been raised to 25 years (previously 18 years), without age limits for unmarried princesses. Children determination given a residence permit, regardless of their age.Green Residences holders are allowed to issue a residence permit for their first-level relatives, and in all cases where family members will be the duration of validity as the original residence holder.