His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of UAE and Ruler of Dubai, has announced that residency visas will be valid for ten years for three categories of residents.
Specialists, entrepreneurs and investors are eligible for the visa
Specialists from areas of medicine, scientific research and technical fields can apply for the ten-years visa whilst investors, innovators and entrepreneurs are eligible too. The meeting held by the UAE Cabinet also approved that foreign investors can have 100% business ownership.
.@HHShkMohd chairs #UAE Cabinet meeting & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade ‘A’ students. pic.twitter.com/hb3MSzwmnE
Good news pals! Student visas may soon be implemented for up to five years, while high performing students are eligible to apply for a ten-years visa. The current visa scheme is being revised. If approved, it means that new university graduates can have their visas extended and take the time to decide their future.
.@HHShkMohd orders concerned Gov’t entities to implement decisions before the end of 2018. His Highness also orders extension of residency for students sponsored by their parents after completion of their graduate studies to allow for ample time to decide on career paths. #UAEpic.twitter.com/d3bgo6vMRV
Ministry of Economy will work on the implementation
By the third quarter this year, UAE’s Ministry of Economy will submit a detailed study dealing with the visa implementation helping the country become a hub for investors. Sheikh Mohammed said “The UAE offers an open & tolerant living environment, deeply rooted values, and excellent infrastructure. Our flexible regulations attract international investments & exceptional talent. UAE will always shine as the land of opportunities.”
.@HHShkMohd: The #UAE offers an open & tolerant living environment, deeply rooted values, and excellent infrastructure. Our flexible regulations attract int’l investments & exceptional talent… #UAE will always shine as the land of opportunities. pic.twitter.com/oQ895DeHZs