From this day onwards, Federal Authority for Identity and Citizenship will
accept applications for issuing long term visa without a sponsor for some
categories of residents that is investors, business owners, and people with
special talents in the field of science and academics and extraordinary
students.
This is in accordance with Cabinet Resolution Number 56 of 2018 which was
published in late 2018. The Cabinet Resolutions sets out a criterion under which
the residents can apply for long term visa which will be discussed by Lawyers in
Dubai in this article. The objective behind the Resolution is to encourage
investment within the country and to main UAE standard in the global market as
an investment-oriented environment.
Entrepreneurs
The Resolution has categorized the long term visas for entrepreneurs into two
categories as follows:
- An existing project not less than AED 500,000 worth;
- They possess an approval for business within UAE.
The visa will allow the entrepreneur to enter the country multiple times for 6
months and which can be renewed regularly. The visa will also be given to the
immediate family member of the entrepreneur or the partner and three executives.
Investors in Property in UAE
Investors in UAE can now renew visa under two categories mentioned below:
- If the investor invest in a property worth AED 5,000,000, he may seek a visa for
5 years;
- If the investor invests in any business of AED 10 Million or more, subjected
that they do not 40% more of the investment, they will be granted the 10-year
visa.
However, this visa attracts few conditions as follows:
- It should be a debt-free investment solely owned by the investor;
- The investment shall be at least for 3 years;
- The investor will have access to multiples entry for 6 months to apply
for a long-term visa;
- The immediate family member will also be given a visa.
Individual with Special Talent
Researchers in the field of science, academics, medical science, specialists,
inventors, scientists and alike individual can apply for a long-term visa.
Nevertheless, these individuals must have a valid employment visa in that
specific field in the Country.
In addition, this criteria has certain conditions to be fulfilled as
followed:
- The scholar has published article or scientific books within his field
of work;
- PhD holder from the top 500 universities of the world;
- PhD Holder with 10 years of experience in his field;
- A member of the exclusive organization;
- Award holder within the field of work;
- Accredited scientists from Emirates Scientists Council;
- Has given a significant contribution to his field of work;
- Specialized doctors;
- Awardee of Mohamed Bin Rashid Medal for Scientific Achievement;
- Patent holder from the Ministry of Economy for special Talent;
- Owner of a leading international company or university.
Extraordinary Students
Students with exceptional grades are eligible for 5 years visa. Such students
must obtain at least 95% in secondary public and private schools or 3.75 GPA in
graduation from a national or international university. The visa may also be
offered to the family members of the student.
Given the complexities and prerequisites which must be considered prior to apply
for a Long-term visa, Legal Consultants in Dubai suggest you seek the assistance
of lawyers in order to smoothen the procedure.Â
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