UAE Green Visa: UAE will introduce Green Visa to attract talent and money; Plan to expand the scope of Golden Visa | World News – Times of India

Mumbai: United Arab Emirates According to a United Nations (2020) report, the list of hosting the largest number of immigrants from India (UAE) has been reported as 3.5 million. With the introduction of the Green Visa by the UAE and the expansion of eligibility for the Golden Visa, this number could increase manifold. India’s technology workforce will benefit as UAE plans to focus on recruiting coders and attracting technology companies.
In a press conference on Sunday, 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, the restructuring of the entry and residence system it was done. declare.
one, green Visa It extends self-residency status (in other words does not require employer sponsorship) to investors, entrepreneurs, highly skilled individuals, top students and graduates. green visa Holders can sponsor their parents and children up to 25 years of age, said a press release issued by the UAE government’s media office.
Another stream of visas was announced, the federal freelancer visa for self-employed workers in specialized fields such as artificial intelligence, blockchain and digital currencies in the UAE and abroad.
The release states that the current golden visa Eligibility will be expanded to include managers, CEOs, experts in science, engineering, health, education, business management and technology. These were broad based announcements and further details may follow.
The Golden Visa (which includes the visa holder’s spouse, children, parents), introduced in 2019, allows foreigners to reside in the UAE without the need for a national sponsor and with 100 percent ownership of their business. Allows to work and study. . Visas are for a tenure of five or ten years and investment requirements are set. For example a ten year visa requires a minimum investment

Emirates Dirham (

AED) 10 million
Of particular interest to Indians will be the development of the UAE in the technology sector. A program ‘100 coders every day’ seeks to attract 3,000 coders every month to the country’s workforce. The goal is to increase the number of coders from 64,000 to 100,000 in twelve months and facilitate the establishment of programming companies in the UAE through a set of incentives and benefits. UAE plans to host ‘Pycon Summit’ – the largest programming summit to be held in Middle East in the second half of 2022.
Another regulatory change that was announced is that in case of job loss, visa holders and dependents can only stay in the UAE for 6 months instead of 30 days. Business trip permit has also been increased from three months to six months.