RadiantBizRadiantBizRadiantBiz22 August, 2023
The Emirate of Dubai is one of the best locations for anyone starting their business. The growing opportunities makes it a home to expats all over the world no matter where they are from. If you are looking for a place where you can expand your business, the UAE is the place to be at.
The high standards of living, connectivity and taxes make this location the best for anyone who wants to invest and work. This makes it the tax haven or the investment and business hub of the world. To add to all the benefits, it is extremely easy to obtain the licences for your business here if you work in order and legally.
The demarcation of visas for different people of different work areas is one of the best decisions made by the government. One of these visa categories is the Green Visa in the UAE.
This blog has been written to provide you with information on the procedure for obtaining a green visa in the UAE.
The green Visa in UAE was introduced in the 2021 but came into effect from October 2022. It allows an expat to have a 5 year residency in the UAE without the need of an employer sponsor. It has been introduced in order to retain talent in the nation and make it a place of higher standards. It has been one of the well praised initiatives of the nation for the growth of the economy and of the nation as a business friendly location.
People can sponsor themselves for the visa if they fulfil the requirements mentioned by the government. A person who holds a green visa can get their documents renewed in 90 to 180 days. This timeframe is way lesser for those who have a standard visa, they get only 30 days.
These benefits of obtaining a green visa are as follows:
The obtaining of a green visa in the UAE gives the residents a benefit of having their family in the nation and a sense of stability. It in turn helps the nation grow economically as it results in retention of extraordinary talent.
People mentioned below are eligible for the green visa in UAE:
You will need a freelance permission from MoHRE (Ministry of Human Resources & Emiratisation). Documentation of degree will also be provided by the same.Those working independently in specialised fields including artificial intelligence (AI), blockchain technology, and virtual currencies—both in the UAE and abroad—are also welcome to apply. The applicant needs to have an income of at least AED 360,000 in the previous two years. Proof of financial stability by demonstrating residency in the UAE is a requirement.
According to MoHRE, highly skilled professionals must be classified in the first, second, or third occupational levels. A professional in a scientific, technological, or human discipline is covered at level 1, a director or executive of a company is covered at level 2, a technical or human area is covered at level 3.
A formal employment contract is also needed in case you are a work professional. They are also required to have a monthly salary of at least AED 15,000, a bachelor’s degree or an equivalent certification are requirements for skilled workers.
Investors in commercial operations in the UAE can acquire a five-year Green Visa by presenting investment approval, evidence of investment, and consent from the necessary local authorities.
As an independent contractor you will be required to get permission from the MoHRE.To do so, you should have made AED 360,000 (USD 98,000.99) during the preceding two years via self-employment. It is a must to hold valid employment contracts. The MoHRE recommends classifying candidates at the first, second, or third occupational level. To be eligible, the applicant’s salary must be at least AED 15,000. (USD 4,083.74). It is critical to demonstrate that both the investment and the one million AED expenditure were approved. The total amount invested will be analysed if you possess multiple licences.Licensed local authorities must approve the application.
The original announcement of this project was made on September 5, 2021. It has undergone various adjustments since the beginning of 2022 to make it better for everyone involved. You can know the cost of the visa by heading to RadiantBiz cost calculator and submitting your requirements.
We at RadiantBiz strive to get you the best services. Everyone setting up in the UAE dreams of residing here. The green visa helps expats fulfil this dream. However there are certain conditions that an expat needs to fulfil in order to get the visa.
With our assistance, you can get the best possible solution to all your business setup queries and hereby apply for the green visa as well. We help you see if you are eligible and thereafter fill the applications along with the necessary documents. Consult our experts today and get started with your green visa process.