Dubai has launched a new residency initiative which will allow overseas remote working professionals to relocate and live in the Emirate along with their families, whilst continuing to work remotely for their overseas employer. The relocation programme will be valid for a year, after which it can be renewed successively for a similar duration each time.
Applicants will also benefit from Dubai’s zero income tax rate for individuals.
How does it work?
- The virtual working initiative is valid for 1 year.
- It costs US$287 plus medical insurance with valid UAE coverage and processing fee per person.
- You get access to all required services, including telecoms, utilities, and schooling options.
- You connect to a global hub and a skilled workforce, comprising of 200+ nationalities.
What is needed to apply?
Applicants will need the following:
- Passport with minimum 6 months validity
- Health insurance with UAE coverage validity
- Proof of Employment from current employer with a one-year contract validity, a minimum of US$5,000 per month salary, last months’ payslip and 3 preceding months’ bank statements
- Or, if a company owner, then proof of ownership of company for one year or more, with an average monthly income of US$5,000 per month and 3 preceding months’ bank statements.
“The global pandemic has changed how we live and work. As multinationals and leading start-ups across the world accelerate their rates of digital adoption, the need to be physically present to fulfill professional responsibilities has been redefined,” said Helal Saeed Almarri, Director general of Dubai’s Department of Tourism and Commerce Marketing.
“Dubai is uniquely positioned to offer a safe, dynamic lifestyle opportunity to these digitally savvy workers and their families while they continue to work remotely, whether it is for a couple of months or an entire year.”
This is not the only initiative that has been launched recently to attract potential residents; last month Dubai launched a new five-year renewable Retirement Visa that allows resident expatriates and foreigners aged 55 and over to live in the Emirate.
Please contact us if you are interested in learning more about residency options in UAE.