The Green Residency entices investors in the United Arab Emirates

The United Arab Emirates has made the Green Residence Visa available to investors who establish or participate in commercial activities within the country.

The UAE Digital Government mentioned in its report that the Green Residence for the investor or partner in a commercial activity without a guarantor is valid for 5 years and can be renewed, replacing the previous investor residence which was valid for 2 years, with simpler conditions and greater benefits.

Green Residence Requirements

The Digital Government specified the requirements for the Green Residence Visa for investors, including approval of the investment and proof of the investment or partnership value. If the foreigner is involved in more than one license, the total invested capital is considered to meet the required percentage, along with the approval of the local competent authorities and licensing the applicant to practice the activity.

It is worth mentioning that the executive regulations for the entry and residence of foreigners in the country are characterized by the diversity of residence types and the addition of new types to suit all categories of investors, entrepreneurs, talents, scientists, specialists, top students and graduates, humanitarian pioneers, first line of defense, and skilled workers in all fields. These regulations also aim to reduce burdens, simplify procedures, and add new benefits for residence holders, separating residence from the employer, thus improving the quality of life and making the experience of living, working, and investing in the UAE enjoyable and happy.
The executive regulations included an integrated system and a new generation of residences with significant advantages and facilities targeting investors, entrepreneurs, high-level skilled workers, and freelancers. Among the most prominent is the Green Residence, which is granted for 5 years and can be renewed, offering greater benefits for bringing family members of residents into the country, with flexible grace periods of up to 6 months after the residence expires or is canceled.
The Green Residence includes three types of categories or residences: the Green Residence for the skilled worker, the Green Residence for freelance work, and the Green Residence for the investor or partner in a commercial activity.

Editing: :Imtilak Real Estate©