The UAE government has announced a new residency system for three categories of foreigners.
Activating a new system for visas and residence permits for foreigners residing in the UAE, which will be activated during the next month, targeting the investor or partner in a commercial license, the highly skilled worker, and self-employment, without a guarantor (employer) and without the need for a work contract, whether he is located inside the country or Outside it, the term of this residence is five years, renewable for a similar period or periods, according to the same conditions under which it was granted, and it shall come into force next month.
It also authorized the authority to grant a foreigner a residence permit to work without a guarantor (employer) in the country when he is a skilled worker, according to the professional classification and standards approved by the Ministry of Human Resources and Emiratisation. Must have a work permit in the country under a valid work contract in the country, and that he is a skilled worker at the first, second or third professional level of the classification of professions approved by the Ministry of Human Resources and Emiratisation, and that the minimum educational level is a bachelor’s degree or its equivalent, The monthly salary should not be less than 15,000 dirhams or its equivalent in foreign currencies.
The regulation also authorized the authority to grant the green residency to a foreigner coming to the country to reside as an investor or partner in a commercial project if three conditions are met, which is the authority’s approval of the investment in accordance with the investor classification system issued by a decision of the authority’s president, in coordination with the Ministry of Economy and the competent federal and local authorities In this regard, and proving the value of the investment or partnership in accordance with the percentages determined by a decision of the Chairman of the Authority, and “in the event that the foreigner is in more than one license, the total invested capital shall be determined to meet the prescribed percentage, the approval of the competent local authorities and the authorization of the applicant to practice the activity.” .
The executive regulations of the Law on Entry and Residence of Foreigners granted several privileges to holders of green residence, including that he may bring in his first-degree relatives, and the residence of family members is granted for the same period of residence as the guarantor (the head of the family), and in all cases, the validity period of residence of family members must not exceed the validity period of residence permit. guarantor.