UAE Cabinet endorses Long-term Visas for immigrants

The UAE Cabinet has endorsed Long-term Visas for immigrants – Entrepreneurs, Investors, and Specialized Researchers and Talents. These can be in the fields of Knowledge, Science as well as outstanding students. The decision aims to facilitate business and creating an encouraging and attractive investment environment. This is for the growth of business for entrepreneurs, investors and professional talents.

The benefits of Long-term Visas also include children and spouse. This is to ensure a cohesive social structure and family. It for creating a stimulating ambiance for growth and stability, as quoted by the English Al Arabiya Net.

Investors

The Long-term Visas define 2 categories of investments as below:

• Investors with a property of value 5 million Dirhams or plus will be offered Residency for 5 years
• The second category will be offered renewable Residency Visa every decade. These are investors in public investments via established firm, deposit or business partnership of 10 million Dirhams or more. Alternatively, they can have total investments not less than 10 million Dirhams in all the specified areas. The non-real estate investments must not be less than 60% of the overall investment.

Entrepreneurs

The Long-term Visas define 2 categories of Entrepreneurs as below:

• Entrepreneurs who have a previous project of at least 500,000 Dirhams
• Entrepreneurs who have the approval of an endorsed business incubator in UAE

Both the categories of Entrepreneurs will be offered a Visa for 5 years. They will have a chance of upgrading to the Investor Visa if they fulfill the requirements.

Specialized Researchers and Talents

10 year Visa will be offered to Specialized Researchers and Talents. This is in the fields of Knowledge and Science. It includes Inventors, Scientists, Specialists, and Doctors. Creative individuals in the field of art and culture are also included. Outstanding students, Executives, and Exceptional talents are also included in this category.

The benefits of the Visa include children and spouse.

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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.

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