Middle East Immigration Consultants
A 10-year golden visa will now be granted by the United Arab Emirates (UAE) to professionals such as engineers, doctors, and Ph. D.s who graduated from universities recognized by the UAE and has GPAs of 3.8 or higher. To keep "bright people and exceptional minds" in the country, this visa is being issued.
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As a long-term residency scheme, Sheikh Mohammed bin Rashid, Dubai's ruler and prime minister, established the golden visa in 2019. Since its introduction, the visa has been given to more than 400 investors, businessmen, and some of their family members.
The second-largest migration corridor in the world runs across the India-Gulf region. An estimated 8.5 million of the almost 31 million non-resident Indians (NRIs) are employed in the Gulf. In the Gulf States, where the percentage of non-nationals in the labour force is among the highest in the world, Indians make up nearly 30% of the expatriate workforce.
Indian migration to the Gulf has been a vital source of money for the country since the 1970s "oil boom," and through the transfer of remittances, it has acted as the foundation of the economy of high-migration areas like Kerala. Indian migrant workers have significantly aided the Gulf States' economic growth throughout this period.
For foreign nationals interested in relocating to the UAE, there are now more immigration alternatives available than there were a few years ago. By allowing new rules and regulations relating to job circumstances and commercial prospects, the Dubai government has done its utmost to enable favourable conditions for people seeking to relocate here.
There are a number of ways to immigrate to Dubai, including:
by submitting an application for one of the visas (student visas and family reunification visas) that permit a foreign national to reside in Dubai; by obtaining an employment visa, which necessitates first receiving a job offer from a local employer; by using the investor visa, which is available to those who are interested in establishing a business in Dubai;
Through the recently enabled residency by investment program in Dubai. It's crucial to be aware that in some situations, a sponsor may be necessary for the person applying for immigration to Dubai.
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Age requirement of 18 (for applicants over the age of 65 the company has to pay a higher Dubai visa cost).
Unskilled workers must possess trade qualifications, whereas skilled workers must possess a bachelor's degree. 2 to 3 years of related experience.
Must have a job offer from the employer, who must also be law-abiding, and possess a current business license. Must adhere to health regulations
The Golden Visa program, which enables foreign nationals to obtain long-term visas for themselves and their dependents, includes a business visa. It strives to produce a welcoming environment for companies and the development of the UAE's economy.
Applicants for the business visa may be professionals from any nation who have entrepreneurship experience. Anyone who has started a firm on their own at some time in their career and wants to do it again in the UAE qualifies as an eligible entrepreneur.
Investment-based citizenship in the UAE was introduced in 2021. It represents a significant departure from the GCC norm of only granting foreign nationals visas and residence permits, never citizenship. Numerous entrepreneurs and talent who are interested in learning how to obtain Dubai citizenship have praised the program since its launch.
The UAE government accepted a resolution to award deserving students a 5-year visa on November 24, 2018.
For a 5-year visa, the following requirements must be met:
Students at secondary schools, whether public or private, must earn a grade of at least 95% to graduate. Students must graduate from both domestic and international universities with a noteworthy GPA of at least 3.75.
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You must meet the requirements listed below in order to be able to sponsor family members to move to the UAE:
Male foreign workers must earn at least AED 4,000 per month or AED 3,000 per month plus housing.
Female expatriates must earn a minimum of AED 10,000 or AED 8,000 per month, with housing.
All family members who are older than 18 must also pass a medical fitness examination at a UAE health facility that has been approved by the government.
If you're not qualified for a visa on arrival or visa-free entrance to the UAE, you'll need a tourist visa. For eligible travellers from anywhere in the globe, a tourist visa can be obtained. Unless they are travelling with their parents, females under the age of 18 are not permitted to apply for this sort of visa.
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There is only one kind of work permit in the UAE. A labour card is another name for this work authorization. However, before applying for a work permit, employees must get an entry visa, a resident visa, and an Emirate ID card.
The UAE government will implement new immigration rules beginning on September 5th, 2022, including a new resident visa system that adds numerous additional categories.
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A golden visa is a type of grant offered to affluent persons who desire to make a sizable investment in a nation in exchange for the chance to live there. Golden visas are used by governments to increase their tax base.
The UAE has become a desirable location for investors and businesspeople because of its tax-free environment and welcoming business environment.
The group of people who are eligible for a golden visa has been broadened in the UAE. The 10-year golden visa will now be granted to engineers, doctors, and Ph. D.s who graduated from universities authorized by the UAE and who have a grade point average (GPA) of 3.8 or higher.
Must deposit up to 10 million dirhams in a UAE investment fund.
A partner in a corporation with a stake worth up to 10 million dirhams or an owner of a business with a capital investment of 10 million dirhams.
Investment money should be entirely owned rather than financed by a loan, and sufficient documentation must be provided.
The investment had to have been held by the applicant for at least three years.
The applicant must possess proof of insurance for both themselves and their dependents.