Related: 60-day entry now standard for many visitors
The UAE Cabinet has approved one of the biggest overhauls of the visa residency system in years.
The new model, in some cases, ends the need for arrivals to acquire sponsorship.
People who enter as visitors will be able to stay for 60 days, rather than 30 days at present. The changes will come into effect by September.
Parents can sponsor their male children until the age of 25, up from 18, allowing them to remain in the UAE after school and university. This was first set out in September 2021.
The new system of entry and residence aims at attracting and retaining global talents and skilled workers from all over the world
UAE Government Media Office
The Golden Visa system will also be expanded, while new entry visas to make it easier for jobseekers, particularly graduates, to visit the country will be available.
Skilled professionals on salaries of Dh30,000 ($8,100) a month or more will find it easier to gain an Golden Visa.
The UAE Government Media Office announced the changes, approved by Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, on Monday.
The announcement is the formal ratification by the Cabinet of a series of recent visa changes, plus new details and decisions, which are known as executive regulations.
“The new system of entry and residence is aimed at attracting and retaining global talents and skilled workers,” a media office statement said.
More flexible visas will boost “competitiveness and flexibility of the job market and foster high sense of stability among UAE residents and families".
New benefits for family members
The new system provides more benefits for family members.
A parent can now sponsor a male child to the age of 25 years, up from 18. A parent can sponsor an unmarried daughter indefinitely.
Children with disabilities are granted a residence permit permanently, regardless of their age.
The Green visa residence holder is allowed to bring any first-degree relative into the country and, in all cases, the residency of family members shall be of the same duration as the original residence holder.
Job exploration entry visa
This visa is introduced with the aim of attracting young talents and skilled professionals to explore job opportunities. It does not require a sponsor or a host.
It is granted to those classified in the first or second or third skill level as per the Ministry of Human Resources and Emiratisation and to the latest graduates of the best 500 universities in the world. The minimum educational level should be a bachelor's degree or its equivalent.
Multi-entry tourist visa
In addition to the regular tourist visa, a five-year, multi-entry tourist visa was introduced.
This type does not require a sponsor and it allows the person to stay in the country up to 90 days in a row. It may be extended for a similar period, provided that the entire period of stay does not exceed 180 days in one year.
This visa requires proof of having a bank balance of $4,000 or its equivalent in foreign currencies during the last six months before submitting the application.
Golden visa for sponsoring family and domestic workers
Amendments are introduced to the Golden Residence Scheme to simplify the eligibility criteria and expand the categories of beneficiaries.
This 10-year residence is granted to investors, entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates, humanitarian pioneers and frontline heroes.
A Golden Residence holder can sponsor his/her family members including spouse and children regardless of their age, and to sponsor domestic workers without limiting their number. There is no restriction related to the maximum duration of stay outside the UAE in order to keep the Golden Residence valid.
There are other benefits for family members that allow them to stay in the UAE in the event of the death of the original holder of the Golden Residence until the end of their permit duration.
Golden visa for scientists
This is granted to scientists and researchers of high calibre and influence in their field based on recommendation from the Emirates Scientists Council.
The candidate should have a PhD or master's degree in the disciplines of engineering, technology, life sciences and natural sciences from leading universities. The candidate should have substantial research achievements.
Golden visa for skilled professionals
An expansion is introduced in this category to attract highly skilled workers with educational qualifications and professional experience in all disciplines including medicine, sciences and engineering, information technology, business and administration, education, law, culture and social sciences.
Applicants should have a valid employment contract in the UAE and should be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation classification.
The minimum educational level must be a bachelor’s degree or equivalent, and the monthly salary should not be less than Dh30,000.
Golden visa for 'exceptional talents'
This is granted to top talents in vital fields. It is awarded based on talent only, regardless of the educational qualification or the employment status or the monthly salary or professional level.
It requires the recommendation or approval of a federal or local government entity, and includes talented individuals in culture, art, sports, digital technology, inventors and innovators and other vital fields.
Golden visa for real estate investors
Real estate investors can obtain Golden Residence when purchasing a property worth no less than Dh2 million ($540,000).
As per the new amendments, investors are also entitled to obtain the Golden Residence when purchasing a property with a loan from specific local banks. Investors can also obtain Golden Residence when buying one or more off-plan properties of no less than Dh2m from approved local real estate companies.
Golden Residence for Entrepreneurs
To be eligible for Golden Residence, an entrepreneur should own or be a partner in a start-up registered in the country in the category of small and medium enterprises (SME) that generates annual revenue of not less than Dh1m.
If the person is one of the founders of an earlier entrepreneurial project that was sold with a total value of not less than Dh7m, he or she will be entitled to Golden Residence. The approval of the Ministry of Economy or the competent local authorities is required for projects or ideas.
Golden visa for outstanding students and graduates
This residence targets high performing students in UAE secondary schools and outstanding graduates from UAE universities and the best 100 universities worldwide according to criteria that includes their academic performance, the year of graduation, and the university classification.
Green visa for skilled employees and freelancers
A new track that provides a five-year residency for skilled employees, without sponsor or employer.
The minimum educational level must be a bachelor’s degree or equivalent and the salary should not be less than Dh15,000.
Green visa for investor or partner
This residence is introduced to encourage investment. It provides five-year residency for investors establishing or participating in commercial activities. It replaces the previous residence that was valid for two years.
Requirements including approval of the investment and proof of investment. If the investor has more than one licence, the total invested capital will be calculated.
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The years Ramadan fell in May
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
'Cheb%20Khaled'
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Company%20profile
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UAE currency: the story behind the money in your pockets
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
Origin
Dan Brown
Doubleday
Specs%20
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KILLING OF QASSEM SULEIMANI
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Concrete and Gold
Foo Fighters
RCA records
SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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No_One Ever Really Dies
N*E*R*D
(I Am Other/Columbia)
More on Quran memorisation:
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho