Legal Consultants in Dubai have shed some light on the recent update or regulation passed by the UAE Cabinet which will be implemented on 03 February 2019 allowing residents to obtain long term visa. 

From this day

onwards, Federal Authority for Identity and Citizenship will accept

applications for issuing long term visa without a sponsor for some categories of residents that is investors,

business owners, and people with special talents in the field of science and academics and extraordinary students. This is

in accordance with Cabinet Resolution Number 56 of 2018 which was published in

late 2018. The Cabinet Resolutions sets out a criterion under which the

residents can apply for long term visa which will be discussed by Lawyers in Dubai

in this article. The objective behind the Resolution is to encourage investment

within the country and to main UAE standard in the global market as an investment-oriented

environment.

Entrepreneurs

The Resolution has categorized the

long term visas for entrepreneurs into two categories as follows:

a An existing

project not less than AED 500,000 worth;

b They possess an

approval for business within UAE.

The visa will allow the entrepreneur to enter

the country multiple times for 6 months and which can be renewed regularly. The

visa will also be given to the immediate family member of the entrepreneur or

the partner and three executives.

Investors in Property in UAE

Investors in UAE can now renew visa

under two categories mentioned below:

a If the investor

invest in a property worth AED 5,000,000, he may seek a visa for 5 years;

b If the investor invests in any business of AED 10 Million or

more, subjected that they do not 40% more of the investment, they will be

granted the 10-year visa.

However, this visa attracts few conditions as follows:

a It should be a

debt-free investment solely owned by the investor;

b The investment

shall be at least for 3 years;

c The investor

will have access to multiples entry for 6 months to apply for a long-term visa;

d The immediate

family member will also be given a visa.

Individual with Special Talent

Researchers in the field of science,

academics, medical science, specialists, inventors, scientists and alike

individual can apply for a long-term

visa. Nevertheless, these individuals must have a valid employment visa in that

specific field in the Country. In addition, this criteria has certain

conditions to be fulfilled as followed:

·

The scholar has published article or scientific books

within his field of work;

·

PhDholder from the top

500 universities of the world;

·

PhD Holder with 10 years of

experience in his field;

·

A member of the exclusive

organization;

·

Award holder within the field of work;

·

Accredited scientists from Emirates Scientists

Council;

·

Has given a significant

contribution to his field of work;

·

Specialized doctors;

·

Awardee of Mohamed Bin Rashid Medal for Scientific

Achievement;

·

Patent holder from the Ministry

of Economy for special Talent;

·

Owner of a leading international company or university.

Extraordinary Students

Students with exceptional grades are

eligible for 5 years visa. Such students must obtain at least 95% in secondary

public and private schools or 3.75 GPA in graduation from a national or

international university. The visa may also be offered to the family members of

the student.

Given the complexities and

prerequisites which must be considered prior to applying for Long-term visa,

Legal Consultants in Dubai suggest you seek the assistance

of lawyers in order to smoothen the procedure.