Residence visa dubai new rules
The UAE, specifically Dubai, has introduced new rules and regulations for residence visas, effective from August 2021. Here are the key changes:
New Residence Visa Rules:
- Long-term residence visa: Introduced a new long-term residence visa, valid for 5 years, for eligible individuals, including:
- Investors: Those who invest AED 5 million (approximately USD 1.36 million) in a business or real estate.
- Entrepreneurs: Those who start a business in Dubai with a minimum capital of AED 72,000 (approximately USD 19,500).
- Exceptional talents: Artists, scientists, and innovators who have made significant contributions to their field.
- Specialized talents: Skilled professionals in fields like medicine, engineering, and education.
- Retirement visa: Introduced a new retirement visa, valid for 5 years, for individuals aged 55 and above, with a minimum savings of AED 1 million (approximately USD 272,000) in a UAE bank account.
- Golden Card: The Golden Card, a 5-year renewable residence visa, is now available for:
- Investors: Those who invest AED 5 million (approximately USD 1.36 million) in a business or real estate.
- Exceptional talents: Artists, scientists, and innovators who have made significant contributions to their field.
- Specialized talents: Skilled professionals in fields like medicine, engineering, and education.
- Sponsorship: The new rules allow for multiple sponsorships, enabling individuals to have multiple sponsors for their residence visa.
- Biometric data: Biometric data, such as fingerprints, will be required for residence visa applications.
- Medical insurance: Medical insurance is now mandatory for residence visa holders.
- Residence visa fees: The fees for residence visa applications have increased, with the new fees ranging from AED 5,000 to AED 10,000 (approximately USD 1,360 to USD 2,720).
Key Changes for Existing Residence Visa Holders:
- Renewal: Existing residence visa holders can renew their visas for an additional 2 years, with a maximum validity of 5 years.
- Biometric data: Existing residence visa holders will need to provide biometric data for their visa renewal.
- Medical insurance: Existing residence visa holders will need to have medical insurance to maintain their visa status.
Important Notes:
- The new rules apply to all residence visa applications submitted from August 2021 onwards.
- Existing residence visa holders who have already submitted their applications before August 2021 will be processed under the old rules.
- The new rules are subject to change, and it's essential to check with the relevant authorities or a licensed immigration consultant for the latest information.
It's crucial to note that the new rules may have varying requirements and regulations depending on the individual's circumstances, and it's recommended to consult with a licensed immigration consultant or the relevant authorities to ensure compliance with the new rules.