09/06/2021 | News release | Distributed by Public on 09/06/2021 15:06
Last updated 6 September 2021
The UAE continues its stride in becoming the ideal destination for work, investment, entrepreneurship, education, and life by introducing a restructuring of its entry and residence system.
The new visa regime is dubbed the Green Visa, and it readily will grant new perks to its holders including the ability to sponsor their parents and children among other benefits.
While details are still scarce, here is everything we know so far about the UAE Green Visa.
What is the UAE Green Visa?
The UAE Green Visa is essentially a new residency visa category that distinguishes between work and residency permits. The Green Visa will allow highly skilled people, investors, entrepreneurs and top students and graduates to sponsor themselves without having to first associate themselves with companies based in the UAE.
What are the benefits of the UAE Green Visa?
As mentioned above, holders of the Green Visa will have the ability to be self-dependent by way of sponsoring themselves. This advantage is further enhanced by the ability to sponsor the visa holder's parents and children up to the age of 25.
Green Visa holders are also granted the leniency of staying within the UAE for a maximum period of 180 days following their dismissal from their place of employment. This provides Green Visa holders with an advantage over most other visas that are tied to employment contracts.
According to officials, the launch of the Green Visa regime is a part of the UAE government's efforts to attract exceptional talents and to propel economic growth.
Who is the UAE Green Visa for?
The UAE Green Visa is launched to facilitate the expansion of self-residency status for investors, entrepreneurs, highly qualified people, top students and graduates who aspire to work and live in the UAE.
Freelancers are also encouraged to ply their trade in the UAE by utilizing the federal visa for freelancers. Self-employed workers based in the UAE and abroad in specialist fields such as Artificial Intelligence, Blockchain and digital currencies are welcome to apply for the freelancer visa.
What are the requirements of the UAE Green Visa?
Details regarding the various requirements of the UAE Green Visa have not become available. We'll keep you updated as soon as more information surfaces.
How much is the fee for UAE Green Visa?
The cost for the visa has yet to be released. We'll update the information once the government has released new updates on this matter.