New Residence Visa Rules in UAE – 2024

The UAE has introduced several new residence visa regulations in recent years, making it easier and more appealing for skilled professionals, investors, and retirees to live and work in the country. Here are some key updates:

1. Multiple Entry Visas

The UAE now offers multiple-entry visas for tourists and business travelers, including a new five-year multi-entry tourist visa. This visa allows for up to 90 days of stay, with the possibility of extending for another 90 days, without the need for a sponsor. Applicants must show a bank balance of at least $4,000 (AED 14,700) or equivalent in foreign currencies for the six months before applying.

2. Business Visa

Investors, entrepreneurs, and business people can now apply for a business visa without needing a host or sponsor.

3. Visit Visa for Friends and Family

Foreigners can apply for a visit visa if they have relatives or friends who are UAE residents or citizens. This visa does not require a sponsor or host. The cost of extending a visit visa is around AED 1100, and visitors can extend their stay by 30 or 60 days, with the option of a further 30-day extension while in the country.

4. Temporary Work Visa

This visa is for individuals with temporary work assignments, such as probation or project-based work. Applicants need to provide proof of employment, such as a temporary work contract or employment letter, and medical fitness proof.

5. Study/Training Visa

Students and prospective talents participating in academic courses, training programs, or internships can use this visa. Sponsorship can be obtained from both public and private educational institutions.

6. Family Visa

Parents can now sponsor their male children up to the age of 25, female children indefinitely, and special needs children with a special permit.

7. Job Visa

To attract job seekers, this visa requires no sponsor or host. Eligibility includes having a bachelor's degree or equivalent, graduating from a top 500 university, or being classified under specific skill levels by the Ministry of Human Resources & Emiratisation.

8. Green Visa

The Green Visa offers a five-year residency for skilled workers, freelancers, and self-employed professionals without requiring a sponsor or employer. Applicants must have a valid employment contract, meet the Ministry's criteria (including a minimum salary of AED 15,000 and a bachelor's degree), and have health insurance.

9. Golden Visa

The Golden Visa provides long-term residency (up to 10 years) for talented professionals across various categories:

• Entrepreneurs: Startups and SMEs with annual revenue of AED 1 million or more.
• Real Estate Investors: Minimum investment of AED 2 million in real estate.
• Scientists and Researchers: Experts with recommendations from the Emirates Science Council and advanced degrees.
• Skilled Workers: Those with a bachelor's degree, a valid employment contract, and a minimum monthly salary of AED 30,000.
• Exceptional Talent: Individuals recognized for innovation, sports, arts, technology, medicine, law, etc., with approval from relevant authorities.

10. Simplified Visa Process

The UAE has streamlined the visa application process by offering online applications and a unified platform for managing visas and Emirates IDs. As of 2024, residence visas are linked to the Emirates ID, eliminating the need for passport stamping.

Process for Obtaining a New Residence Visa

The process for obtaining a new residence visa in the UAE can vary depending on the specific type of visa you’re applying for, but there are some general steps that apply to most categories:

• Determine Your Eligibility: Choose the appropriate visa type (e.g., Green Visa, Golden Visa) based on eligibility requirements.
• Gather Your Documents: Necessary documents include a completed application form, valid passport, photos, entry permit, health insurance, and additional documents based on the visa type.
• Apply for the Visa: Submit your application online or at an authorized typing center, pay the fees, and track your application status.
• Collect Your Visa and Emirates ID: Upon approval, receive your Emirates ID linked to your residence visa.

Benefits for Investors

Dubai’s new visa rules offer several substantial benefits and opportunities for investors and entrepreneurs, including:

• Ease of Entry and Extended Stay: Long-term residency through the Green and Golden Visas without annual renewals.
• Family Sponsorship: Ability to sponsor family members for residency.
• Access to Business Opportunities: Participation in the UAE's thriving business environment with tax benefits and world-class infrastructure.
• Startup Ecosystem: Support for startups through incubators and funding.
• Investment Opportunities: Diverse sectors including real estate, tourism, technology, and renewable energy.

Let TASIS Assist You

Navigating the new UAE visa rules can be complex. TASIS offers professional guidance for business setup, visa processing, and more, ensuring a smooth transition to living and working in the UAE. Reach out to us for expert assistance in realizing your entrepreneurial dreams in the UAE.

Contact us at +971 XXXXXXXX, via WhatsApp at +971 XXXXXXX, or email contact@tasisbs.com. Stay informed with the latest updates on UAE visa rules and business news.