New UAE Green Visa Holders Can Work Without Company Sponsorship – .

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New UAE Green Visa Holders Can Work Without Company Sponsorship – .


Holders of the new “green visa” will be able to work without corporate sponsorship (Representative)

Dubai: The United Arab Emirates on Sunday announced a new visa allowing foreigners to work in the country without being sponsored by an employer, easing residency requirements in a bid to boost economic growth.

Foreigners in the oil-rich UAE typically receive only limited visas tied to their employment, and long-term residency is difficult to obtain.

But those holding the new “green visa” will be able to work without corporate sponsorship, and will be able to sponsor parents and children up to 25, officials said.

“It targets highly qualified people, investors, businessmen, entrepreneurs, as well as outstanding students and postgraduates,” said Minister of State for Foreign Trade Thani al-Zeyoudi.

Resource-rich Gulf countries like the United Arab Emirates are increasingly looking to diversify their economies and reduce their dependence on oil.

The coronavirus pandemic has also had an impact on tourism and businesses in the United Arab Emirates, whose economy was already collapsing in recent years due to low oil prices.

In 2019, the UAE launched the 10-year “Golden Visa” to attract wealthy and highly skilled workers, the first such program in the Gulf.

Similar programs have since been launched in other resource-rich Gulf countries, such as Saudi Arabia and Qatar.

Riyadh said in June 2019 that it would offer a permanent residence for 800,000 riyals ($ 213,000) and a renewable one-year residence costing 100,000 riyals, allowing expats to do business and buy property without a sponsor. Saudi.

Doha has also opened up its real estate market to foreigners, with a program giving those who buy homes or shops the right to longer-term or permanent residence permits.

Foreigners make up 90% of the 10 million inhabitants of the United Arab Emirates, the second largest economy in the Arab world after neighboring Saudi Arabia.

(Except for the title, this story was not edited by NDTV staff and is posted from a syndicated feed.)

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