ABU DHABI: The United Arab Emirates has announced to make major changes in its visa policy for foreign workers, residents and visitors.
The UAE government has now approved 100% foreign ownership of businesses and also allowed residency visas for global investors or professionals for up to tenure of 10 years. These changes would be put into practice by the end of 2018. This move is obviously to attract more investments into the economy.
WAM, Emirates News is an Arabic state-run reporting agency who first reported that as per new regulations, specialists and professionals will be eligible for a 10-year residency visa if they are in the following fields of work:
- and other technical or specialist areas.
The UAE cabinet, in a number of strategic decisions, has decided to introduce a new six-month visa for those seeking jobs and wishing to prolong their stay in the country.
Those using the UAE airports during transit will be able to get a 48-hour visa for free and the 96-hour visa will cost only Dh50.
A new insurance scheme has also been introduced for workers. The mandatory deposit of Dh3,000 per worker has been replaced by a new insurance scheme costing Dh60 per worker annually.
In a first, the UAE will grant illegal immigrants an opportunity to voluntarily leave the country with a ‘no entry’ stamp on the passport for two years, given they show their return ticket.
The decision will also allow people to renew a visa for free, without having to leave and re-enter the country.