The Federal Authority for Identity and Nationality (FIDA) has implemented the decision of the Council of Ministers to organize residence permits for investors, entrepreneurs and specialized talent for five or 10 years through the dedicated link for providing these services, which will be available exclusively through e-channels, And smart application (ica uae echannels).

The Authority has set the details of the fees for the issuance of accommodation for investors and specialized talent and entrepreneurs, with values ​​ranging between 650 and 1150 dirhams, indicating that there are specialized committees will decide the requests of the target groups of the decision, and notified them through the approval of smart service.

Mr. Saeed Rakan Al Rashidi, Director General of Foreign Affairs and Ports Affairs, said that those who wish to benefit from the new services provided by the decision can apply directly to their applications, together with the specific documents for each category.

Al-Rashidi revealed during the briefing organized by the Authority on the executive mechanisms of the decision. He pointed out that the categories that will benefit from the decision of the Council of Ministers are investors in public investments, real estate investors, entrepreneurs, specialized talents, researchers in the fields of science and knowledge, Neapegons with promising scientific capabilities.

He pointed out that the first category includes the investor in public investments through a deposit or the establishment or participation in the investment value of not less than 10 million dirhams, or the total investments of not less than 10 million dirhams, but not less than 60% of the total investment And the investor shall be fully owned by the investor, not a loan, and shall provide proof thereof, and shall keep the investment for at least three years, and his financial liability shall not be burdened with claims of impairment of AED 10 million.

Persons covered in this category are granted 10 years of renewable stay, as well as the possibility of having partners, provided each partner contributes AED 10 million. It also gives 10-year residence for husband, wife and children, as well as one executive director and one consultant, as well as a six-month entry visa to the state.

Investor in Real Estate

Al-Rashidi explained the conditions that must be met by applicants for a residence (investor in real estate), namely: the total value of the real estate asset should not be less than five million dirhams, and the amount invested shall be wholly owned by the investor, not a loan, At least three years, and his financial status is not burdened with claims that undermine his financial solvency. He explained that those who meet the conditions of this category are granted five-year renewable residence, five-year residence for husband, wife and children, One. They can also obtain a six-month visa for the country.

Entrepreneurs

The third category is the entrepreneurs. Al Rashidi explained that it applies to those who have a previous successful project of a minimum of 500 thousand dirhams, as well as the approval of a certified business incubator in the country. To stay for five years for the husband, wife and children, and to stay for five years for three executive managers, and have the opportunity to obtain a visa for the country for six months of multiple trips with the possibility of renewal for another six months.

Talents

Al-Rashidi explained the conditions and advantages of specialized talents and researchers in the fields of science and knowledge from doctors, specialists, scientists, inventors and innovators in the field of culture and art, who are included in the decision, where the applicant must have within this category the existence of a valid work contract, Is a priority for the State, where those who meet the conditions in this category obtain a 10-year renewable stay and a 10-year residence for spouse, wife and children.

Al Rashedi said that the facilities included in the decision included outstanding students with at least 95% of the public secondary and public schools, and at least a cumulative average (3.75 GPA) at the university, both inside and outside the country, They are granted renewable five-year residence and a five-year stay for the family of the person concerned.

Visa 6 months

Al Rashidi explained that a multi-entry visa can be obtained for a period of 6 months, renewable for a similar period, through a request to be submitted to the system of e-services (e Channels), available as general services on the system, do not need to register to enter the application.

In response to a question about the category of talented talents, he explained that the disciplines covered by this category are open, and that the applications submitted under it will be presented to a committee comprising members of the ministries and government agencies concerned, which will decide on the extent of conformity of the application submitted to the conditions, stressing the lack of numerical ceiling of applications Which will be accepted within the specified categories, and that everyone who meets the conditions and standards will be able to benefit from the benefits without hindrances.

In response to a question about the purpose of issuance of visas for six months and multiple trips for those wishing to benefit from the characteristics of the decision, Al-Rashidi explained that the goal is to provide those who wish to apply for long-term residence to visit the state and study opportunities available in both in terms of investment or scientific research and creativity , And then decide whether or not to apply for residency, indicating that the holder of this visa will treat the resident in terms of issuing the identity card so that he can complete his procedures in establishing the investment he wishes, and the transactions required by the category to which he applies, and N then get a long-term residence in the event of the requirements required to achieve.

10

Renewable years for public investors.

95%

At least in high school, and at a GPA (3.75 GPA) at least when graduating at university, for 5 years.

Maj. Gen. Saeed Rakan Al Rashedi for those who wish to benefit from the newly created new services in the submission of their applications.