UAE companies offer Golden Visa to attract skilled individuals

UAE companies are offering Golden Visas to existing employees in order to keep them on board. Companies are also exploring the option of providing 10-year visas to new senior employees to attract the best talent in the market. Apart from monetary benefits, this additional benefit is being introduced by companies to attract skilled and talented individuals for long-term employment. “Earlier, the Golden Visa was focused on the high-net-worth individuals... companies are exploring the option of offering this as an added benefit for senior leadership talent,” said Anjali Samuel, managing partner at Mindfield Resources. She said the move is well-received by client companies and candidates as well. “This also increases the talent density in the country. The changes coming into effect in September will greatly benefit the UAE in attracting talent for the long haul,” Samuel added. As part of its residency reforms program, UAE will issue a number of new visas and entry permits starting next month. Several changes to residency laws will take effect starting next month, including the expanded Golden Visa scheme, the new five-year Green residency, a multiple-entry tourist visa, and job hunting entry permits. The Golden Visa is made available to scientists, professionals, exceptionally-talented people, real estate investors, entrepreneurs, and outstanding students and graduates. BKM/ Expat Media
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