Why NRIs Are Optimistic over UAEs new ‘green visa’

Why NRIs Are Optimistic over UAEs new ‘green visa’

United Arab Emirates has announced An new ‘green visa’ scheme die allows foreigners to work in the country without the need for sponsorship by an employer. Holders of the new green visa will be possible work without corporate sponsorship, and their parents and children up to 25 years old, officials said.

Last weekend, the United Arab Emirates announced An new ‘green visa’ scheme die allows foreigners to work in the country without the need for sponsorship by an employer. foreigners in the oil-rich Emirates have so far over generally limited visas linked to their work, with long-term residence permit very difficult to obtain. The new visa simplifies residence permit requirements in an attempt to stimulate the economy growth. Holders of the new green visa will be possible work without corporate sponsorship, and their parents and children up to 25 years old, officials said.
“It is heartening to see that the UAE’s leadership has decided to commemorate the country’s Golden Jubilee through a series of futuristic initiatives die outline the roadmap for the next 50 years. The new projects have the potential to transform the economy and drive growth in the country. The reforms of the residence, including the launch of the green visa, will have a huge impact on attracting and retaining top talent in all sectors, met especially healthcare,” says Dr. Shamsheer Vayalil, NRI Entrepreneur and Chairman and Director director of healthcare in the UAE group VPS care.
Yusuffali MA, Chairman and MD of The in Abu Dhabi-based retail giant Lulu Group also believes the green visa is one of them of the groundbreaking initiatives die be launched by the leadership of the UAE to attract, nurture and retain investors, entrepreneurs, professionals and experts. “The whole idea is to make the UAE the global center of talented and influential human resources, moving away from just being oil driven economy. The focus is increasing on AI, coding, space research, academic excellence.”
This UAE already has launched a golden visa scheme in 2019, that has been released for 5 of 10 years and offered to high-net-worth individuals, who big investments in bring the UAE, as an opportunity to live in the country without having to renew their visa every time year and without the need for a sponsor. “Through the golden visa regime, the country’s leadership has already extended a warm welcome to experienced medical professionals. The new reforms will continue to bring in all types of skilled personnel who are invaluable in strengthen the healthcare sector. These initiatives will also provide healthcare providers with the necessary interpretation to improve their reach and quality. Strengthening the country’s human capital is a step in the right direction for the progress of the nation. Such projects will have a sustainable future and unlock a new era of growth in the country,” said Dr Vayalil.
The green visa is aimed at highly educated individuals, investors, business people, entrepreneurs, as well as exceptional students and postgraduates, according to the UAE’s minister of stands for foreign trade Thani al-Zeyoudi.
“This is another very progressive move by the UAE to attract the right talent pool to their already budding economy. The fact that green visa holders use their . can sponsor children up by age of 25 years old and can remain in the country 180 days post the loss of a job takes a long time way in add a sentence of permanence in the UAE to these visa holders,” says Shivaz Rai, CEO, Migrate World India, a company with headquarters in Dubai helping Indians acquire citizenship and permanent residence via the investor route. He feels the UAE is taking big steps to shape up are human resources, a move die complements the rapid economic development.
Foreigners account for 90 percent of the 10 million population in the UAE, the Arab world’s second-largest economy after neighboring Saudi Arabia.

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