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3 October, 2021

New Visa Regulations to positively transform UAE landscape

The UAE Government announced a spate of visa reforms that would positively impact the landscape for its human resources and businesses.

 

The ‘Projects of the 50’ is a series of developmental and economic projects that will be rolled out throughout September, which aim to accelerate the UAE’s development, consolidate it into a comprehensive hub in all sectors and attract talents and investors.

 

Dr Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, revealed the launch of a new ‘green visa’, which will be granted to entrepreneurs, investors, highly skilled individuals, top students and graduates.

 

The green visa, which distinguishes between work permits and residencies, enables its holders to sponsor themselves.

 

The visa will permit holders to sponsor their sons until the age of 25 (from 18 at present) and will also grant them a grace period of 90-180 days to stay in the country once their visa is cancelled either due to job loss or retirement (up from 30 days at present). It will also allow for the sponsorship of parents.

 

Al Zeyoudi also announced the launch of a federal freelancer’s visa for self-employed workers based in the UAE and overseas in specialised fields such as artificial intelligence, blockchain and digital currencies.

 

The new regulations also include expanding the golden visa eligibility to include managers, CEOs, specialists in science, engineering, health, education, business management and technology.

 

Other specific regulatory changes include:

 

– Extension of business trip permits from three months to six months

– Sponsorship of parents under the visa of direct family members

– One-year residency extension for humanitarian cases

 

“The measures have been introduced to enhance the competitiveness and flexibility of the UAE labour market, facilitate sector growth, spur knowledge transfer and skills development, and create greater stability and security for residents,” a statement said.

 

UAE is currently ranked 23rd in terms of retention of talent.

 

For any clarifications on visa reforms and eligibility criteria, do reach out to us.

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