The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 percent ownership of their business on the UAE’s mainland.
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Eligibility for a 10-year visa without a sponsor
1. Investors in public investments of at least AED 10 million
The investment may take many forms such as:
A deposit of at least AED 10 million in an investment fund inside the country
Establishing a company in the UAE with a capital of not less than AED 10 million
Partnering in an existing or a new company with a share value of not less than AED10 million
Having a total investment of not less than AED 10 million in all areas mentioned, on condition that the investment in sectors other than real estate is not less than 60 per cent of the total investment.
2. Persons with specialised talents
This includes specialised talents and researchers in the fields of science and knowledge such as doctors, specialists, scientists, inventors, as well as creative individuals in the field of culture and art.
The visa advantage extends to the spouse and children.
All categories are required to have a valid employment contract in a specialised field of a priority in the UAE.
Eligibility for a 5-year visa without a sponsor
1. Investors in a property in the UAE
The investor must invest in a property of a gross value of not less than AED 5 million.
The amount invested in real estate must not be on loan basis.
The property must be retained for at least three years.
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country. The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
3. Outstanding Students
Outstanding students with a minimum grade of 95 percent in public and private secondary schools.
University students within and outside the country having a distinction GPA of at least 3.75 upon graduation.
Long-term visa includes families of the outstanding students.