UAE to launch green visa to attract talent and funds
TIMES NEWS NETWORK
07.09.2021
The UAE tops the list of hosting the largest number of immigrants from India, stated to be 3.5 million, according to a 2020 UN report. With the UAE set to roll out green visas and expand the eligibility for golden visas, this number may grow by leaps and bounds. Technology workers from India will stand to benefit as UAE plans to focus on hiring coders and attract technology companies.
In a press conference on Sunday, under the banner of ‘Projects of the 50’ which is a series of development and economic projects, aimed at making UAE an ideal destination for highly skilled individuals and investors, a restructuring of the entry and residency system was announced. A green visa will be rolled out, which expands the selfresidency status (in other words employer sponsorship is not required) to investors, entrepreneurs, highly skilled individuals, top students and graduates. Green visa holders can sponsor their parents and kids who are up to the age of 25, said a UAE government press release.Another stream of visa that was announced was the federal freelancers visa for self-employed workers based in the UAE and overseas in specialised fields such as artificial intelligence, blockchain and digital currencies. The existing Golden Visa eligibility will be expanded to include managers, CEOs, specialists in science, engineering, health, education, business management and technology.
Another regulatory change that was announced is that on loss of a job, the visa holder and dependents can stay in the UAE for up to 6 months, instead of just 30 days. Business trip permits will also upped from 3 months to 6 months.
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