INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE free zone residence visas now valid for two years

The residence visas for free zones in the UAE will be valid for two years now.
  • The decision comes into effect from October 3, 2022. Earlier, the residence visas were valid for three years.
  • The UAQ Free Zone says that all residence visas or Emirates IDs issued for three years will be valid until renewal.

Dubai, UAE—The UAE government has reduced the validity of the residence visas of the free zones from three years to two years effective from October 3, 2022.

On Tuesday, Umm Al Quwain Free Trade Zone sent an email to its members that read: “This is to inform you that there have been new rules initiated by Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) regarding the UAE Residence Visa validity period.”  

“Hereafter, the Residence Visa validity will be for a period of two years only instead of three years. The three-year visa is no longer applicable to Free Zones. Hence, with effect from 3 Oct. 2022 all visas will be for two years,” it added. 

The email further added that resident visas, which are under process currently, will also be for two years, including the visas which are in the final stages of the process.

“The above will be applicable for all new as well as renewals of the Visas for both investors and employees,” the email said. The free zone explained that all residence visas or Emirates IDs issued for three years will remain valid until renewal.