UNITED ARAB EMIRATES – New Long-Term Visas [Updated 13/03/2019]
[UPDATE] On 11 March 2019, the UAE cabinet approved the regulatory framework for the issuance of five and ten-year visas. Previously, residence visas were only valid for up to a maximum of three years.
Who will qualify?
- A ten-year visa is available for specialists in science and knowledge subject to certain conditions.
- The eligible categories include: doctors, scientists, innovators, executives and educational specialists. There are specific conditions to be fulfilled by each of these categories to qualify.
- Investors in a property worth at least AED 5 million can obtain a five-year visa;
- Investors in public investments (not property) through a deposit, an established company a business partnership of at least AED 10 million or a total deposit of at least AED 10 million can obtain a ten-year visa.
- The amount invested must be wholly owned by the investor (not a loan) and invested for at least three years.
- Dependents of the investor, as well as one executive director and one adviser, are also eligible for a long-term visa.
- Investors can enter the country multiple times over a six-month period to apply for the long-term visa.
- A five-year multiple-entry visa will be available for entrepreneurs either having a previous project of at least AED 500,000 or the approval of an accredited UAE business incubator.
- An upgrade to an investor visa may be possible. Dependents, a business partner and three executive directors are also eligible for long-term visas.
- Students with a grade of at least 95% in secondary public or private schools or a student with a GPA of at least 3.75 upon graduation from a local or international university will be eligible to apply for a five-year visa, which extends to the family of the outstanding student.