The UAE has announced changes to its entry and residency visa scheme, including a five-year job visa and significant amendments to the golden visa. This restructuring will benefit various categories of individuals in Dubai.
1. Real Estate investors: Under the new changes, investors who buy a property worth at least AED 2 million in Dubai and other emirates can obtain a Golden Visa. Additionally, those who purchase a property with a mortgage from specific local banks are eligible for a long-term visa. Real estate investors can also acquire residency by purchasing one or more off-plan properties worth AED 2 million or more from registered local real estate companies. The new long-term visa, which is valid for 10 years, allows individuals to maintain their residency status in the UAE even if they stay outside the country. This visa also enables them to sponsor family members, including spouses and children of any age, as well as an unlimited number of support staff, such as domestic helpers.
2. Entrepreneurs Entrepreneurs can obtain a Golden Visa under flexible requirements set by the executive regulations. To be eligible, they should own or be a partner in a start-up, small, or medium enterprise in the UAE and generate annual revenues of at least AED 1 million. They can also obtain a Golden Visa by obtaining approval for their start-up idea from the Ministry of Economy or competent local authorities.
3. Longer grace period after residency expiry The recent changes to the visa system provide longer and more flexible grace periods, allowing residents to stay in the country for up to six months after the expiry or cancellation of their residency permit. It is unclear, however, whether this applies to all visa types.
4. Green Visa UAE's new visa type allows a 5-year residency for skilled professionals, freelancers, investors and entrepreneurs.
5. New types of visit visas All entry visas are available for single or multiple entries and can be renewed for a similar period. They are valid for 60 days from the date of issuance. The new visit visa categories include job seekers, people visiting friends and relatives, and students. Additionally, a multi-entry five-year tourist visa that does not require a sponsor is available, allowing individuals to stay in the country for up to 90 days per visit. The visa can be extended, as long as the total period of stay does not exceed 180 days in one year.
6. Family sponsorship visa changes The UAE has made changes to its child sponsorship policy. Sons can now benefit from family sponsorship until the age of 25 (previously 18), while there are no age restrictions for daughters as long as they are unmarried. Children of determination are also eligible for sponsorship regardless of their age. If you're considering purchasing property in Dubai, you can contact us at +971 4 518 7555 to speak with our property consultants, who can provide information on the latest visa changes and how you can benefit as an investor.
Freeport, Bahamas
Swaidan Trading agriculture. Co. LLC
Dubai, United Arab Emirates
Antalya, Turkey
Kolkata, India
Pretoria, South Africa
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