Company directors, executives, engineers, professionals and technicians in scientific, technical and human fields will be among the UAE workers who can apply for the five-year green visa from September 5.
Green visas will be available to people with bachelor's degrees who earn Dh15,000 ($4,084) or more a month as part of sweeping changes to attract new talent to the UAE and encourage residents to stay longer.
The visa offers a five-year residency without the need for an employer or a sponsor and allows holders to bring first-degree relatives to the country for the duration of their stay.
Investors and business partners in a commercial business, freelancers and highly skilled workers are eligible for the green visa.
The green visa was approved by the UAE Cabinet, as per Decision No 65 for 2022.
People outside the country who want to apply for a green visa can ask for a 60-day entry work permit to come to the UAE and complete the application on arrival.
Who can apply for the green visa?
UAE authorities have identified three categories of people who can apply for a green visa.
Investors/business partners in a commercial licence, freelancers/self-employed and high-skilled workers.
The costs associated with applying for a green visa for any of the three categories have not yet been set out.
Green visa for skilled workers
The Ministry of Human Resources and Emiratisation (MoHRE) has nine different skill levels of jobs, in line with the International Standard Classification of Occupations.
If applying under the skilled workers' category, the applicant should be classified in the first, second or third level.
The worker should have a valid work contract in the UAE with a Dh15,000 salary and a bachelor's degree in certain skilled fields, including science, law, education, culture and social sciences.
Green visa for investors and business partners
The green visa for investors is given to those establishing or participating in commercial activities. It replaces the previous residence that was valid for two years.
The Federal Authority for Identity, Citizenship, Customs and Port Security can grant the green visa after it receives approval of the investment from the relevant local authority and proof of investment from the investor or business person.
If the investor has more than one licence, the total invested capital will be calculated.
Green visa for freelancers/self-employed
Freelancers or self-employed people can obtain a five-year work permit without a sponsor or a contract, even if the person is outside the country.
To be eligible, the freelancer should have at least a bachelor's degree and provide his/her yearly income for the last two years for an amount not less than Dh360,000 or prove his or her solvency during the five-years duration.
They should also have a freelance/self-employment permit from the Ministry of Human Resources and Emiratisation.
Can the holder of green visa sponsor people?
The green visa holder can sponsor residency for first-degree relatives for five years.
The duration of residency for the first-degree relatives (spouse, sons, daughters and parents) will be the same as that of the holder of the green visa.
Previously, this was typically allowed for two or three years.
Dependents are granted a 30-day grace period from the date of expiry or cancellation of their visa to obtain a new residence permit. If the green visa holder fails to renew or cancel the visa of his dependents, the dependents could be liable to pay an overstay fine.
Overstay fines
As per the UAE immigration's fines system, the penalty to stay on after the expiration of the grace period is Dh125 for the first day and Dh25 for each subsequent day.
If the dependent's overstay is more than six months, then the fine will be Dh50 a day and Dh100 a day after one year of overstaying.
The green visa may become invalid if the holder remains outside the UAE for more than 180 days.
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Heather, the Totality
Matthew Weiner,
Canongate
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates