Saturday, October 16, 2021  | 9 Rabiulawal, 1443
Samaa TV
Facebook Twitter Youtube
HOME > News

UAE loosens residency requirements

Green visas will be given to students, entrepreneurs

SAMAA | - Posted: Sep 6, 2021 | Last Updated: 1 month ago
SAMAA |
Posted: Sep 6, 2021 | Last Updated: 1 month ago

Photo: AFP

Listen to the story
The UAE announced a new visa Sunday allowing foreigners to work in the country without being sponsored by an employer, loosening residency requirements in an attempt to boost economic growth. Foreigners in the oil-rich United Arab Emirates are generally only given limited visas tied to their employment, and long-term residency is difficult to obtain.  But those holding the new "green visa" will be able to work without company sponsorship, and can sponsor their parents and children up to 25 years old, officials said. "It targets highly skilled individuals, investors, businesspeople, entrepreneurs, as well exceptional students and postgraduates," said Minister of State for Foreign Trade Thani al-Zeyoudi.  Resource-rich Gulf countries such as the UAE are increasingly seeking to diversify their economies and reduce reliance on oil. The coronavirus pandemic has also impacted tourism and businesses in the UAE, whose economy was already slumping in recent years due to low oil prices. In 2019, the UAE launched the 10-year "Golden visa" to attract wealthy individuals and highly skilled workers, the first such scheme in the Gulf.  Similar programmes have since been launched in other resource-rich Gulf countries, such as Saudi Arabia and Qatar. Riyadh said in June 2019 that it will offer permanent residency for 800,000 riyals ($213,000) and a one-year renewable residency costing 100,000 riyals, allowing expats to do business and buy property without a Saudi sponsor. Doha also flung open its property market to foreigners, with a scheme giving those buying homes or stores the right to longer-term or permanent residency permits. Foreigners account for 90 percent of the 10 million population in the UAE, the Arab world's second-largest economy after neighbouring Saudi Arabia. 
FaceBook WhatsApp

The UAE announced a new visa Sunday allowing foreigners to work in the country without being sponsored by an employer, loosening residency requirements in an attempt to boost economic growth.

Foreigners in the oil-rich United Arab Emirates are generally only given limited visas tied to their employment, and long-term residency is difficult to obtain. 

But those holding the new “green visa” will be able to work without company sponsorship, and can sponsor their parents and children up to 25 years old, officials said.

“It targets highly skilled individuals, investors, businesspeople, entrepreneurs, as well exceptional students and postgraduates,” said Minister of State for Foreign Trade Thani al-Zeyoudi. 

Resource-rich Gulf countries such as the UAE are increasingly seeking to diversify their economies and reduce reliance on oil.

The coronavirus pandemic has also impacted tourism and businesses in the UAE, whose economy was already slumping in recent years due to low oil prices.

In 2019, the UAE launched the 10-year “Golden visa” to attract wealthy individuals and highly skilled workers, the first such scheme in the Gulf. 

Similar programmes have since been launched in other resource-rich Gulf countries, such as Saudi Arabia and Qatar.

Riyadh said in June 2019 that it will offer permanent residency for 800,000 riyals ($213,000) and a one-year renewable residency costing 100,000 riyals, allowing expats to do business and buy property without a Saudi sponsor.

Doha also flung open its property market to foreigners, with a scheme giving those buying homes or stores the right to longer-term or permanent residency permits.

Foreigners account for 90 percent of the 10 million population in the UAE, the Arab world’s second-largest economy after neighbouring Saudi Arabia. 

 
HOME  
 
 
RELATED STORIES

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 
 
 
UAE, visa requirement, UAE visa
 

MOST READ
MOST READ
Lahore student’s Snapchat video alerts US administration
Pakistan reopens cinemas, shrines for vaccinated people
Residents have 15 days to vacate Nasla Tower in Karachi
Petrol price hike, ISI chief appointment, gas load shedding
At least 32 killed in Afghan Imambargah blast
SHC rules unskilled workers be paid Rs25,000 minimum
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp