The United Arab Emirates government announced the modernization of the free residency system in the Emirates, with the aim of attracting business owners and developing their projects on a large scale.
Free residence in the UAE
Free residency in the UAE is one of the new systems that was recently launched for the category of ambitious workers. The United Arab Emirates government's goal is to support businesses in all their forms through this new visa system. Additionally, the government hopes to increase the volume of investments and raise the level of economic relations.
As a result of the United Arab Emirates government's belief in the significance of cultivating talent and providing assistance to enterprises in all its forms, this visa is considered to be complying with the residency rules for the sector of employment.
The importance of a free UAE visa
The Emirates Free Residence System is one of the types of residency in the Emirates. Its purpose is to entice workers who possess the necessary competencies and skills, and to provide them with an environment that is suitable for them, so that it is easier for them to carry out all of their work independently, rather than being directly linked to a single employer.
This is something that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, Prime Minister, and Ruler of Dubai, has confirmed through his tweets on his official Twitter account. He said, "may God protect him." and "take care of him." This means that any employee can practice his work remotely even if the company he belongs to is not actually present in the country.
Categories included in free residency in the UAE
Free resident categories in Dubai and other Emirates include workers who are self-employed and independent, as well as children who are up to 25 years old rather than 18 years old under the previous norm.
Conditions for free residence in the UAE
In order to be eligible for a permission to engage in self-employment or private labor, an individual must first earn a bachelor's degree or specialized certificate, or its equivalent as a minimum educational level, from the Ministry of Human Resources and Emiratization.
During the preceding two years, his yearly income from self-employment must have been at least 360,000 dirhams, or the equivalent in foreign currencies. Alternatively, he must produce evidence of his financial capability during the entirety of his time spent in the nation.
Among the most significant changes that have been made to the system that governs admission and residence for foreigners, we would like to highlight the introduction of new categories in the realm of self-resident. These categories include individuals who possess exceptional skills, investors, entrepreneurs, exceptional students, and graduates who have exceptional potential.
There has been an addition to the Independent Work Permit, which makes it possible for independent workers in emerging sectors of the economy, such as artificial intelligence, blockchain, future technology, and digital currencies, to take use of it regardless of whether they are located within or outside of the nation. The purpose of this is to encourage growth in these significant regions.
