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The United Arab Emirates introduces green visas to attract talent and money.Plans to expand the range of golden visas

Mumbai: The United Nations (2020) reports that the United Arab Emirates (UAE) is at the top of the list hosting the largest number of immigrants from India, with 3.5 million people. This number could increase exponentially as the United Arab Emirates is set to deploy green visas and expand golden visa eligibility. India’s tech workers are in a position to benefit as the United Arab Emirates focuses on hiring coders and plans to attract tech companies.
At a press conference on Sunday, the UAE entered the country under the banner of “Projects of the 50,” a series of development and economic projects aimed at making the UAE an ideal destination for highly skilled individuals and investors. And the housing system was rebuilt. Announced.
Green visas will be deployed to extend self-residence status to investors, entrepreneurs, highly skilled individuals, top students and graduates (that is, no employer sponsorship required). Green visa holders can sponsor parents and children up to the age of 25, a press release issued by the UAE government’s media office said.
Another visa stream announced was a federal freelancer visa for self-employed people in specialized fields such as artificial intelligence, blockchain and digital currencies, based in the UAE and abroad.
This release expands existing Golden Visa qualifications to include managers, CEOs, science, engineering, health, education, business administration, and technology professionals. These are extensive announcements, with details below.
Introduced in 2019, the Golden Visa (for spouses, children and parents of visa holders) does not require foreign sponsors, has 100% ownership of the business, lives and works in the UAE. , Allows you to study. Visas have a five- or ten-year tenure and have investment requirements. For example, a 10-year visa requires a minimum investment.

Emirati Dirham (((

AED) 10 million
Of particular interest to Indians is the focus on developing UAEs in the technology sector. The program “100 Coders Every Day” aims to attract 3,000 coders every month to the national workforce. The goal is to increase the number of coders from 64,000 to 100,000 in 12 months and facilitate the establishment of programming companies in the UAE through a range of incentives and perks. The UAE will host the PyCon Summit, the largest programming summit in the Middle East in late 2022.
Another regulatory change announced is that if unemployed, visa holders and dependents can stay in the UAE for up to 6 months instead of 30 days. Business trip permits have also increased from 3 months to 6 months.



The United Arab Emirates introduces green visas to attract talent and money.Plans to expand the range of golden visas

Source link The United Arab Emirates introduces green visas to attract talent and money.Plans to expand the range of golden visas

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