2019 has started off with big developments in the UAE immigration rules. In this article we will tell you what you need to know about the new 10 year visa system that is now in place in the country.
Firstly, what is the rule?
Towards the end of 2018, the UAE issued a decision to adopt a new system of entry visas for investors and professional talents by providing them with long-term visas.
In March 2019, UAE Cabinet announced that certain residents have now become entitled to apply for residency visas valid for up to 10 years. In this article we will tell you,
Who is eligible for the visas application? What you need to qualify for this and how you can send it through your application?
Let’s start with who can benefit?
Following people are entitled for it,
- Investors and entrepreneurs, special talents, innovators and senior executives, doctors, scientists, researchers as well as outstanding and exceptional students.
So let’s start with how can you apply?
First up, if you are an investor, there are two categories.
Property owner: If you buy property in the country worth more than AED 5 million or more, you are entitled to a 5 year visa. The amount invested in real estate must be paid and not loaned.
Public investments: If you have made a public investment through a deposit, an established company or a business partnership of AED 10 million or more, then you will be granted a renewal residential visa every 10 years. You can also qualify and only qualify if you have made a total investment of at least AED 10 million as long as your real estate makes up no more than 40 % of the total investment.
Entrepreneurs who have had a prior project worth a minimum of AED 500,000 or those who have the approval of an accredited business incubator in the country, you will then be granted a 5 year visa with the possibility of upgrading to an investor’s visa. The benefit of an entrepreneurial visa covers entrepreneurs, partners, three executive directors, spouse and children.
Specialists and creators Visas
The long terms visas are also issued to creators and specialists in your field. As per the rules, inventors and doctors as well as specialists and researchers in medicine, science and creative in culture and art will have the opportunity to apply for a ten year visa.
If you fall in this category you must be holding a high academic achievement and professional experience. For exceptional talents your work should also be documented by patents or scientific research published in world class journals. Furthermore, creative individuals must also be accredited by the Ministry of Culture and Knowledge Development. Inventors must also obtain patent of value added to UAEs economy with the approval of UAE Ministry of Economy.
Doctors and scientists Visas
For applicants in this field, you need to meet up two points in the list:
- You can be holding a PhD degree from one of the top 500 universities
- You can also be holding a PhD in addition to a 10 year professional experience
- Hold an award for work in your jurisdiction
- Contribute to a major scientific research related to your work
- Publish articles or books in your line of work
- You can also be member of select organization
If you are a medical doctor you need to specialize in priority areas for the UAE. You can also be accredited by the emirates scientific council.
All people categorized as professional talents are required to have a valid employment contract in a specialized field. The visa also covers the spouse and children.
Outstanding Students Visas
You are eligible if you are an outstanding student with at least 95% in secondary school and with a distinction of 3.75 GPA upon graduation from any university. The long term visa will also be extended to include families of these students. All applications are subject to the discretion of the relevant immigration authorities.
Of course, the big question is why UAE has this new scheme?
This is all part of governments plan to create an optimal business environment here in the UAE.
Right now the long term visa is targeted at certain sectors and certain markets but this opens the door for everyone in the future to be able to apply for a permanent residency and call this country home. It allows people to become part of the success and the future of this country no matter what.