The United Arab Emirates (UAE) is a popular destination for skilled workers, freelancers, and investors from around the world. To attract more foreign talent, the UAE government has introduced a new visa scheme that allows eligible applicants to obtain a 5-year residency in the country.
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Under the new visa scheme, skilled workers who meet specific eligibility criteria can apply for a 5-year residency in the UAE.
To be eligible for the 5-year residency visa in the UAE as a skilled worker, the following criteria must be met:
- Obtaining a work permit using an Employment contract that is valid in the UAE.
- Being employed in a skilled worker position is classified as first, second, or third level by the Ministry of Human Resources and Emiratization.
- Holding a bachelor’s degree or its equivalent.
- Receiving a minimum monthly salary of Dh15,000 or its equivalent in foreign currencies.
By satisfying these requirements, skilled workers can apply for a 5-year residency visa and potentially enjoy a long-term future in the UAE.
Freelancers who work in certain professional fields can also apply for a 5-year residency visa in the UAE. To be eligible,
- The freelancer must have a valid UAE residence visa
- A valid UAE trade license
- And evidence of income of at least AED 20,000 per month.
In addition, they must also have health insurance coverage.
Foreign investors who invest at least AED 5 million in the UAE can also apply for a 5-year residency visa.
To be eligible, the investor must invest in a property, company, or fund that is approved by the relevant authorities in the UAE. Also, they must have health insurance coverage.
The UAE’s new visa scheme for skilled workers, freelancers, and investors offers an attractive opportunity for foreign talent to obtain a 5-year residency there. However, it’s important to note that eligibility criteria and application requirements may change over time, so it’s always a good idea to sign up for a consultation with us.
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