UAE announces 10-year residency visa scheme
UAE Cabinet on Sunday adopted a new system of entry visas for investors and professionals ,providing them with a long-term visa for up to 10 years.
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The decision, made during a Cabinet meeting chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, further reinforces the UAE’s position as a primary destination for international investors and global talent.
.@HHShkMohd chairs #UAE Cabinet meeting & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade ‘A’ students. pic.twitter.com/hb3MSzwmnE
— WAM News / English (@WAMNEWS_ENG) May 20, 2018
The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators.
It also grants five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.
The Cabinet also issued instructions to conduct a review of the residency system with a view to extending residency permits for those sponsored by their parents after completing their university studies to facilitate their future residence in the UAE.
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