Sheikh Mohammed says UAE to start receiving 10-year visa applications
The UAE Cabinet has approved a framework to support the issuance of long-term visas for investors and technical experts
The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, approved the regulatory framework for long-term residence visas applications by investors, entrepreneurs, innovators, and talented professionals from technical fields.
Mechanical and electrical engineering experts were among the technical experts to be granted the first batch of the UAE's 10-year visas, as announced by state news agency Wam in January 2019.
The UAE’s residency departments are now permitted to receive long-term visa applications, Dubai Media Office said in a tweet.
Sheikh Mohammed announced the move on Twitter, adding that the Cabinet meeting had also included the approval of the UAE’s National Space Strategy 2030.
We also adopted the framework of long-term visas for investors, entrepreneurs, innovators and professional talents. The UAE’s residency departments will start receiving applications. The UAE will remain a global incubator for talents and a permanent destination for pioneers. pic.twitter.com/IL7U2aVApt— HH Sheikh Mohammed (@HHShkMohd) March 11, 2019
Most professionals in the UAE qualify for visas that are renewed after two or three years.
In May 2018, the UAE Cabinet approved 100% foreign ownership of UAE-based companies by international investors, which was followed by the approval of 10-year residence visas for investors, entrepreneurs, doctors, engineers, scientists, and innovators.
The move is expected to boost construction and real estate activity in the country, which may attract greater numbers of foreign investors and skilled workers as the long-term visas start to be issued.