Emaratalyoum, 30 April 2024: The UAE Digital Government has announced that the country will offer a green residency visa to investors engaged in local commercial activities.

The green residency is for investors or partners in commercial activities, lasting five years without a guarantor and subject to renewal.

It replaces the previous two-year investor’s residency with simpler requirements and more benefits.

The requirements for a green residency visa for investors include obtaining investment approval, proof of investment/partnership value, meeting the prescribed percentage of total capital invested, approval from local authorities, and a license to practice the activity.

The green residency includes three categories: for skilled workers, self-employment, and investors or partners in commercial activities.

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