UAE Immigration LawCabinet Resolution No. (56) of 2018 Regulating the Residence Permits for Investors, Entrepreneurs and Specialized Talents

Article (1) For the purposes of this this Resolution, the following words and expressions shall have the meaning assigned thereto respectively, unless the context requires otherwise: State : The United Arab Emirates. Authority : The Federal Authority for Identity and Citizenship. Competent Entity : Any federal or local body in the State. Foreigner : Any natural person who does not hold the nationality of the State. Investor : A foreigner who spends his capital to realize profits and financial returns, in accordance with the controls mentioned herein. Entrepreneur : A foreigner who owns an economic project of a technical or future nature, based on risk and innovation, in accordance with the c…

Article (2) The provisions hereof shall apply to the foreigner of the following categories: 1. Investor.

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Cabinet Resolution of 2018 Regulating the Residence Permits for Investors, Entrepreneurs and Specialized Talent 2 2. Entrepreneur. 3. Specialized Talents and researchers in the different fields of science and knowledge. 4. Outstanding students with promising potentials in science.

Article (3) Residence Permit for Investor The Authority may grant the Investor and his family members consisting of the husband, wife and children, the residence permits for the periods defined below, subject to renewal, without the need for a sponsor inside the State, provided that the Investor meets the rules and conditions set out herein.

Article (4) Rules and Conditions of Residence Permits for Investor 1. The following conditions shall be met for granting the residence permit to the general Investor: a. He must have a deposit in the amount of at least (10) million dirhams in an investment fund inside the State. b. He must establish a company with a capital at least (10) million dirhams inside the State, or hold a share of at least (10) million dirhams in an existing or newly incorporated company. c. He must have investments inside the State of at a total value of at least (10) million dirhams (provided that the minimum investment in other than real estate is 60% of the total of such investments). 2. In order to grant a resi…

Article (5) Rules and Conditions for Issuing Residence Permit for Investor’s Senior Officers An Investor who establishes a company in the State may submit an application to the Authority for issuing a residence permit for one senior officer who acts as a managing director or advisor, and his family members for a period of (10) years, without the need for a sponsor inside the State as long as the following conditions are met: 1. He must work for the establishment of the Foreign Investor during the term of the residence permit. 2. He must take out a comprehensive insurance certificate for himself and his family members during the period of his residence in the State. 3. He must obtain the appr…

Article (6) Rules of Issuing a Residence Permit for Entrepreneurs a. The Authority may grant the Entrepreneur and his family members consisting of the husband, wife and children, residence permits for a renewable period of (5) years, without the need for a sponsor inside the State if he fulfills the following conditions: 1. He must have a previous and successful project of at least (500,000) dirhams in a field approved by the Committee. 2. He must obtain approval from a business incubator approved by the Authority in the State for establishing the business proposed to be practiced in the State. 3. He must submit a comprehensive medical insurance policy for himself and his family

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Article (7) Issuance of Residence Permits for Specialized Talents and Researchers in the Different Fields of Science and Knowledge The Authority may grant the Specialized Talent or researcher in any different fields of science and knowledge and his family members consisting of the husband, wife and children, residence permits for a renewable period of (10) years, without the need for a sponsor inside the State if he fulfills the conditions set out below.

Article (8) Specialized Talents and Researchers in the Different Fields of Science and Knowledge and the Controls of Their Residence Permits The Authority may grant residence permits to Specialized Talents and researchers in the different fields of science and knowledge, in accordance with the conditions set out below and for the following categories: 1. Physicians and Specialists: The granting of a residence permit to physicians and specialists requires fulfilling at least two of the following conditions: a. He must hold an academic degree rendering him a Prof. Doctor from the best (500) universities in the world and accredited by the Ministry of Education.

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Cabinet Resolution…

Article (9) Rules of Issuing Residence Permits for Outstanding Students with Promising Scientific Potentials The Authority may grant a residence permit for (5) years renewable to the outstanding student who has promising scientific potentials, and his family members without the need to a sponsor inside the State if he fulfills the following conditions: 1. The student must have an excellence grade or at least 95% in the General Certificate of Secondary Education or its equivalent, provided that the certificate is accredited by the competent entity in the State. 2. The student must be enrolled at any of the universities accredited in the State and his Grade Point Average must not be less than…

Article (10) General Provisions 1. The Authority may take the necessary action to ensure that the conditions referred to herein are continuously fulfilled by the persons covered by the provisions of this Resolution during the term of residence permit. 2. The provisions of the Executive Regulations of Federal Law No. (6) of 1973 Concerning the Entry and Residence of Foreigners, as amended, and the resolutions and regulations in force in the State, shall apply to the cases where no provision is made herein. 3. Two committees shall be formed by a resolution of the Chairman of the Authority, for the purpose of implementation of the present Resolution, as follows: a. An Investor Committee, to be…

Article (11) The Chairman of the Authority shall issue the resolutions necessary for implementing the provisions of this Resolution.

Article (12) This Resolution shall be published in the Official Gazette and shall enter into force as from 3rd of February 2019. Mohammed bin Rashid Al Maktoum Prime Minister Issued by Us: On: 26 / Rabi’ Al-Awwal / 1440 AH Corresponding to: 04 / December / 2018 AD

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