Having a Green Visa Dubai is a great idea for anyone who is looking to settle in Dubai, whether you are a business person or a student. In the world today, there is a high demand for professionals and self-employed people who are willing to make Dubai their home. It is also a great idea for those who are interested in investing in real estate. However, there are many reasons for the popularity of the Green visa. This visa is famous for its three categories with easy requirements. The categories are Investors, freelancers, and entrepreneurs. Let us have a look:
Categories and Reasons for Green Visa Dubai
1. Green Visa for Real Estate Investors
Investing in the property market in the United Arab Emirates is now easy. The country has rolled out a new visa system known as the Green Visa. A Golden visa Dubai and Green Visa allows a foreigner to live and work in the country for up to five years.
The visa is available to individuals and their family members. Investing in the real estate market in Dubai is a great way to obtain a Green Visa. To get a visa, an investor must have a freehold property in the UAE, which is owned and financed by the investor. This property must be valued at at least AED 1 Million.
Local authorities must approve the investment. This procedure might take a while. The applicant will get a notification when the local authorities approve the investment. Investors and partners must meet the following requirements:
- If the investor/partner has multiple licenses, investment approval and proof of investment will be required, and the total invested capital will be determined.
- Both the applicant’s license to engage in the activity and the consent of the local authorities with jurisdiction.
2. Entrepreneurs and Self-Employed Individuals
Earlier in 2019, the UAE launched a new visa system called the UAE Green Visa. The purpose of a visa is to attract talented and innovative people to the country. It also helps in boosting the UAE’s economy.
The visa system offers five-year residency to self-employed people, students, and professionals. It does not require a sponsor in the country. This visa is also applicable to businessmen, investors, and parents of sponsored children.
A green residence sponsor can be a government entity or a private entity. It can be a university, research institute, or any other organization. The government will approve the visa if it meets certain criteria. A green visa will give you the flexibility to travel to other countries for business purposes.
To apply green visa UAE, applicants must have a bachelor’s degree or a graduate diploma and must have a minimum annual income of AED 360,000 in the last two years. They must also have a valid employment contract with an employer in the country.
3. Freelancing And Self-Employment
Whether you are a freelancer, entrepreneur, or student on the hunt for a job, the UAE is an exciting place to work. With a large and diverse population, a good work/life balance, and a stable economy, the country has something for everyone.
In addition to the traditional employment path, the UAE has also introduced a residency program for skilled employees without a permanent employer. These visas, known as the Green Visa, are awarded to individuals who have achieved high levels of excellence in their field. They must also meet certain Dubai golden visa requirements, such as proving that they have the financial means to support themselves and their families.
The UAE’s visa rules are attracting young professionals and fresh graduates from the country’s top universities. It also promotes entrepreneurship by allowing entrepreneurs to enter the country on their own, and to work without a sponsor.
As the UAE continues to attract more businesses, the country’s rules for visas have been updated. In November 2020, the Abu Dhabi Department of Economic Development will announce freelance licenses for UAE residents.
4. Competitive Environment with a Rapidly Developing Industry
Choosing UAE for a Green Visa is a good option if you are looking to work in a competitive environment with a rapidly developing industry. The UAE has become an attractive choice for many people and companies from around the world. It is a great place to work because it provides a stable platform for talent, and offers a great working environment. Getting a Green Visa in Dubai will help you to start a new life, as well as make the most of the opportunities in this part of the world.
If you are looking to work in the UAE, you should be aware of the rules and regulations that are in place for working and investing in the country. The new visa rules will benefit many companies that show interest in setting up shops in the region.
5. Some Mix Benefits
There are several advantages to the Green Visa. In addition to living in the country, visa holders can enjoy a range of benefits. Such as a reduced health insurance rate and discounts on spa treatments and hotels.
- Up to 25 years old, as opposed to the previous 18 years, sponsors can now support male children.
- Daughters of Green Visa holders without spouses are not restricted by age.
- Without regard to age, children get visas.
- After the expiration of the visa, stay in the UAE for up to 6 months.