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Dubai updates visa rules to attract global workforce, flexible workers and investment

Dubai updates visa rules to attract global workforce, flexible workers and investment
Copyright  euronews   -   Credit: Dubai
By Laura Buckwell

The United Arab Emirates has updated its visa rules, affecting work, investment and innovation, as the country looks to boost its competitive edge. The latest revision has seen the introduction of a five-year Green Visa, with skilled workers, the self-employed and investors set to benefit.

Shiraz Sethi, Regional Head of Employment at Dentons & Co, says there has been a push by the UAE government to ensure the employment landscape there is forever changing. He revealed remote and temporary work were requirements that needed to be addressed off the back of the pandemic. 

He told Euronews, “These were things that were not part of the UAE labour law previously and so this has really propelled the UAE as a place to work because it's giving people of all different backgrounds and diversities [the opportunity] to come in and work within the UAE.”

Benefits for Expats

Previous renewals for working visas were needed every two to three years with a sponsor. This new five-year visa comes with more stability and flexibility, while at the same time creating a more competitive talent pool. Advantages include:

• Five-year self-sponsorship for eligible individuals

• Residency permits for children, spouse and immediate family members

• Sponsorship of male children up to the age of 25 and daughters regardless of age

• A six-month grace period to stay in the United Arab Emirates when or if the visa expires or is cancelled

Change in Immigration Policy

The move comes as the country recently welcomed a 10-year Golden Visa for exceptional talent, investors, skilled workers and entrepreneurs. These new visa tracks are the biggest changes ever seen in the country’s immigration policy to date.

AP
Electronic passport controlAP

James Watfa, Managing Director of Executive Solutions, noted some of the skill sector shortages in the UAE include healthcare and technology. He told Euronews, “The new visa will give people a lot more flexibility and give companies that are already based here a larger talent pool to target specifically around those niche skills.”

He also predicts that the temporary contract market will increase, “I expect there to be a lot more three, six and 12-month contracts being awarded where talent is actually based here rather than being based abroad."

Work Culture Shift

The world of freelance and a better work-life balance has become increasingly popular off the back of the pandemic. To capitalize on the new rules, companies now need to think differently according to Ali Draycott, a freelancer and Founder of Ali Draycott Ideas. 

Employers need to think more about setting out challenges… freelancers are brilliant at addressing challenges. They want challenges in their portfolio… they're not in it for a professional job title. They want to meet your needs.
Ali Draycott
Ali Draycott Ideas

Attracting and Retaining Global Talent

With unemployment on the rise globally, these new regulations mean the UAE is fast becoming a more attractive working destination.

Due to the economy globally going through a challenging period with high inflation rates, an increase in interest rates and unemployment, the UAE is now an attractive option according to Shiraz Sethi, Regional Head of Employment at Dentons & Co.

The UAE provides a really stable platform at this particular moment in time with these new initiatives… to attract the best talent from around the world, to come into the UAE and take advantage of a great working environment.
Shiraz Sethi
Regional Head of Employment at Dentons & Co

James Watfa added that many companies who want to set up in the region will also benefit from the new visa rules. 

He told Euronews, “They don't understand the market. They don't want the huge cost of setting up an office. So this allows them to send some of their people to look into the market, and develop the market under a green visa. Once they've set up and understood the market, they can then start to move over and set up their offices.”