10 Year UAE Visa To Be Given To Certain Expats Only

It was announced earlier in the year and now more details have been released

Posted on

25 November 2018

| Last updated on 14 January 2020

UAE expats were elated earlier in the year

When the UAE Cabinet announced the approval of a 10-year visa for expats to apply to in the UAE.

It announced that some expats in the country will be able to apply and received a 10-year visa if the criteria of their applications are met.

At the top of the lists were investors, entrepreneurs, medical specialists, scientists, researchers and outstanding students – and the reason behind this was to create an attractive environment for future investment in the UAE.

We also reported the 10-year visa was also applicable via the following:

Expats must obtain a five-year retirement plan and will be accepted if they meet a series of requirements.
Expats must either: have properties worth AED2 million, savings of AED1 million or an active income of more than AED20,000 per month.
Expats must also have a valid health insurance policy – as they will not benefit from national retirements given by the UAE government.

And now more details have been released about this long-term visa:

For investors

The long-term visa can be applicable to two types of investors in the UAE:

1. For investors that have a property of AED5 million and more – will receive a 5 year visa
2. For investors that are making public investments – will receive a 10 year visa

By public investments – it can be through a deposit, a company/business, a partnership worth AED10 million or more, a total investment of not less than AED10 million in all areas (with real estate not less than 60% of total investment.)

Requirements:

If you are an expat living in the UAE and are applicable, these are the requirements that you must adhere to:

The investment money must not be loaned
The investment retention must be for atleast 3 years
The investment must have a financial solvency of less than AED10 million.

For entrepreneurs

The long term visa can be applicable to two types of entrepreneurs in the UAE:

1. Entrepreneurs that have a previous project of AED500,000 minimum
2. Entrepreneurs that have an accredited business incubator approval in the UAE

Those who check those two types will be granted a 5-year visa.

For specialists and researchers

The long term visa can be applicable to different types of specialists and researchers in the UAE:

Doctors, specialists, scientists, investors, researchers and artists can be granted a 10 year residency visa if:

1. Expat has a PhD degree in one of 500 top universities
2. Expat has an award or certificate of appreciation in field
3. Expat has contributed to major scientific research in field
4. Expat has published articles or scientific journals in distinguished publications in field
5. Expat is a member in an organization in field with excellent published work
6. Expat has a PhD degree and 10 year professional experience in field
7. Specialists in areas of priority in the UAE
8. Scientists who are accredited by the Emirates Scientists Council
9. Holders of the Mohammed bin Rashid Medal for Scientific Excellence

And artists must be accredited by the Ministry of Culture and Knowledge Development.