The UAE begins to implement 10-year visa for immigrants

The implementation of 10-year Visa for immigrants and 100% foreign ownership has been commenced by the UAE cabinet. This is for Business people, investors, and immigrants. The complete ownership of firms based in the UAE is limited to free-zones as of now. Nevertheless, the new policy is anticipated to attract overseas investors. These are the investors who intend to acquire local firms or set up new firms in the Gulf nation. The 10-year visa for entrepreneurs and investors will also be launched this year. It is inclusive of specialists working in areas such as Research, Science, or Medicine, as quoted by the Arabian Business. Exceptional students will also qualify for the long-term Visas as a part of the changed policy. This is for encouraging them to settle in the Gulf nation after completing their studies. 5-year Visa will be offered to eligible applicants and they will be able to include their family members as well. They must possess a minimum average of 95% in school and minimum 3.75 positive grades upon graduation from universities abroad or UAE. 10-year Residency Visa will be offered to overseas investors. This will be based on the volume of their investments in the UAE. The children and spouse of the investor along with 1 Adviser and 1 Executive Director will also be offered the long-term visas. Entrepreneurs with previous business worth at least 136,000 $ will be offered the 5-year Visa. Those who boast the authorization of an endorsed business incubator in the UAE will also qualify for this Visa. It will be possible for them to upgrade to an Investor Visa if they fulfill specified conditions. Y-Axis offers a wide range of visa and immigration services as well as products to aspiring overseas immigrants including  Y-International Resume (Senior Level) 5+ yrs, Y Jobs, Y-Path, Resume Marketing Services One State and One Country. If you are looking to Study, Work, Visit, Invest or Migrate to the UAE, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. If you found this blog engaging, you may also like… HOW CAN YOU TRACK YOUR UAE VISA APPLICATION AND VALIDITY?