Interest to work, live, and invest in the UAE will increase as the latest slew of executive regulations on the 10-year Golden Visa and 5-year Green Residence is expected to “significantly bolster the UAE as a preferred destination,” Linda Fitz-Alan, the registrar and chief executive of ADGM Courts, told Arabian Business.
On Monday, 18 April, the UAE Cabinet – led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai – revealed a sweeping set of amendments for long-term UAE visas in order to attract and retain top talent in the country.
While on one hand, the new executive regulations widen the eligibility criteria to apply for long-term visas, on the other hand, it also widens the number of individuals – in various categories, professions, and roles – who can apply for the long-term visas.
“The UAE, for many years, has been globally recognised and highly ranked as a progressive, inclusive, and stable economy and environment for businesses, talented individuals, and families to thrive,” Linda Fitz-Alan said.
“And now, with the latest enhancements to the UAE’s visa and Golden Visa programmes, the country’s position will be significantly bolstered.”
The UAE Golden Visa residency programme, which was first implemented in 2019, enabled expats 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.
With the new rules, the criteria to apply for the 10-year visas have now been relaxed, making it easier for investors, start-up owners, and highly skilled professionals to call the UAE their home.
Fitz-Alan added: “The enhanced UAE visa system is a much welcomed initiative, particularly for Abu Dhabi Global Market as an international financial centre and global business hub.
“We encourage investors, innovators, entrepreneurs and professionals to establish their presence in Abu Dhabi and achieve their ambitious plans and goals. Together, we will build a more prosperous, innovative, and sustainable future for the UAE.”
Fitz-Alan, who has been granted a Golden Visa by the UAE government, concluded: “I am extremely honoured to have received a Golden Visa and will continue to contribute in any way possible, not only to the highly progressive judicial and legal sectors of the UAE in support of the exponential growth of the Abu Dhabi and UAE economies, but also to the cohesion of the community.”
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