UAE cabinet adopts regulatory framework to issue long-term residence visas

Last year, the UAE announced that it would grant five or 10-year residency visas to investors, entrepreneurs, innovators and talented students



The UAE cabinet has adopted the regulatory framework to start issuing 10-year residence permits to investors, entrepreneurs and innovators, it was revealed on Monday.

Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister and ruler of Dubai took to Twitter to make the announcement.

Last year, the UAE announced that it would grant five or 10-year residency visas to investors, entrepreneurs, specialists in the medical, scientific, research and technical fields, and ‘outstanding’ students to “facilitate business and create an attractive and encouraging investment environment” in the country.

The visa benefits also extend to the wider family (spouse and children).

Read more: UAE Cabinet approves long-term visas for certain expats, lists conditions

Chairing a cabinet meeting at the presidential palace on Monday, Sheikh Mohammed said residence departments will soon start receiving applications.

He also confirmed that the cabinet adopted the UAE’s Space Strategy 2030, which includes 79 projects in the areas of space research, manufacturing, assembly and testing as well as the commercial space services sector.

“We have a clear vision of where we want to reach in the space sector,” Sheikh Mohammed wrote on Twitter.

“We also adopted today the regulatory framework to start issuing residence permits for investors, entrepreneurs, innovators and talented students. The state residence departments will soon start receiving applications. The UAE has been and will remain an attractive destination for talent and a land that will fulfill the dreams of all pioneers,” he said.

The UAE cabinet issued a decision in November 2018 to issue longer-term residency visas to certain expats.

In January, the government also granted the first batch of long-term visas to 20 scientists who were the winners and finalists of the Mohammad Bin Rashid Medal for Scientific Excellence.

Those granted the 10-year visas primarily included professors working at Khalifa University and UAE University as well other academics and researchers.

Read: UAE grants first set of long-term visas to 20 scientists, researchers