UAE Cabinet approves long-term visa system. The decision aims to maintain the position of the UAE as an optimal business environment. Long term visas will be granted to investors, entrepreneurs, specialists in the medical, scientific, research and technical fields and outstanding students
The UAE Cabinet approved long-term visa system for investors, entrepreneurs, specialised talents and researchers in the fields of science, knowledge and outstanding students to facilitate business and create an attractive and encouraging investment environment for the growth of business for investors, entrepreneurs and professional talents.
The decision of the Cabinet follows the decision approved earlier this year to grant investors a ten-year residency visa, as well as to grant residency visas of up to 10 years for specialists in the medical, scientific, research and technical fields, and for scientists and creative talents of culture and arts, including their spouses and children. The decision aims to maintain the position of the UAE as an optimal business environment.
The decision includes the terms and conditions for obtaining long-term visas for investors, entrepreneurs, specialized talents, researchers in the fields of science and knowledge, and outstanding students to attract talents in all vital sectors of the national economy. The visa benefits also include the spouse and the children to ensure a cohesive family and social structure and to create a stimulating environment for stability and growth.
The 10-year-visa policy announced this week by the UAE opens up new vistas of enduring opportunities in many domains, but the health and education sectors, understandably, enjoy a particular accentuation. The longevity of the visa for highly skilled health professionals directly translates into an enhanced profile of specialised, intensive, health-care skills that are critical assets, particularly in the lead-up to the UAE’s 2021 National Agenda goals. The sooner the top tier of medical professionals opt to make the UAE their operational base, the stronger the incentive for investors to come flocking to this market.
The true worth of experience can only be realised in its applicability and by helping retain specialised brain power, the UAE will fortify its appeal as a medical hub, which also includes the medical tourism objective, that is witnessing impressive growth year upon year. The long-term visa policy will also directly lead to a more stable demographic reality that will anchor progress as more of a guarantee than a projection. This principle works equally well in the field of education, with the five-year visa for students, and a 10-year-visa for high performers, working as a trigger for students to pursue a career in the UAE. For parents who opt to educate their children in UAE schools and universities, the prospects of their wards making a life here provides exceptional comfort and gratitude.
This strategy fulfills the oldest known success formula: Retention of home-grown talent and its indigenous contributions to the full spectrum of national contribution. The new visa policy, thus, will further strengthen the sectors, making UAE the country of choice for people from all walks of life.