The United Arab Emirates on Sunday announced the launch of a new class of visa, ‘Green Visa’, which will allow ex-pats to apply for work without being sponsored by an employer, according to the reports.
This move has been taken, keeping entrepreneurs and businessmen on account who travel to UAE from all over the world largely. For high-net-worth individuals, business owners, and highly qualified professionals, traveling to and settling in the UAE has become simpler with Green Visa. The UAE Green Visa is the most recent of many such programs.
It will also target students & graduates and sponsor their parents & children up to age 25 on their permits. The step has been taken to attract talents globally and boost the country’s growth.
Who can apply for a ‘Green Visa’, and what powers will it bring?
Green Visa will help people from all over the world. The UAE government attracts global talents and gives them a platform to showcase their skills. People who can apply for a Green Visa are –
- Investors
- Business owners
- Entrepreneurs
- Graduates
- Skilled workers
- Students
- Self-employees
The ‘Green Visa’ initial validity is 2-5 years, depending on the applicant’s eligibility. The ‘Green Visa’ holders will be permitted to reside and work in the UAE, invest in real estate and other assets, and set up a new business.
Though it will come with almost the same advantages as the original visa, the main distinction between the Work Visa and the Green Visa is that people with Green Visa do not need a job offer or a company tag to move, work and reside in the nation.
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Benefits of UAE’s Green Visa
Green Visa has numerous extraordinary advantages that a regular visa does not have, especially for the holder’s family members.
- It makes moving and residing with family simpler.
- Green Visa can sponsor children up to the age of 25.
- Holders of Green Visa are given a six-month flexible grace period in which they may stay in the country even after the visa expires.
- Allows launching a new business.
- Allow moving anywhere in the world without immigration status upon return.
According to the reports, foreign residents form up to 80% of the UAE’s total population. With the launch of the Green Visa, the UAE government can boost its economic growth.