Follow these steps to obtain a golden visa in the United Arab Emirates.
Regarding the United Arab Emirates, how can an employee transfer to a Golden Visa by investing in property in Dubai?
You must submit an application to cancel the work permit using the methods the Ministry has provided.
My intention is to purchase a new home in order to qualify for the Golden Visa. A company with its headquarters on the mainland of Dubai currently employs me. If I choose to obtain the Golden Visa, what will happen to my employment visa?
In answer to your questions, you should follow the rules in Federal Decree Law No. 33 of 2021 on the Regulation of Employment Relations, Cabinet Resolution No. 1 of 2022 on the Implementation of Federal Decree Law No. 33 of 2021 on the Regulation of Employment Relations, and Administrative Resolution No. 38 of 2022 on the Guidelines for Implementing Ministerial Resolution No. 46 of 2022 Regarding Work Permits, Offer Letters, and Employment Contract Forms. Your current employment with a mainland company in Dubai makes these provisions applicable.
The employment procedures for golden visa holders in the UAE.
A person resident in the United Arab Emirates on a visa that grants them UAE golden residence is eligible to work in the country. This is specifically in accordance with Article 7 of the Employment Law, which, when read in conjunction with Article 6(1)(j) of Cabinet Resolution No. 1 of 2022, stipulates:
Permit for Golden Visa Holders: The Ministry grants this type of permit to a registered establishment that wishes to employ a golden visa holder within the state.
Before obtaining a golden residency visa, an employee can inform their employer of any changes made to their UAE residency visa.
According to the aforementioned letter, an employer must terminate the employee's current work permit and, subsequently, their residency visa for the United Arab Emirates. This is in compliance with the provisions of Cabinet Resolution No. 1 of 2022, as stated in Article 7(3).
Procedures to follow in order to revoke work permits:
The Ministry has established the following procedures for submitting an application to cancel the work permit:
We have completed the necessary data and attached additional documents.
c. The payment of any fines, if any, that may result from the failure to renew the work permit or from delays in doing so.
The establishment has acknowledged that it has granted the worker all of his entitlements.
e. Any additional requirements decided upon by a resolution of the Minister or the person to whom he has delegated authority.
After a prospective employee with a UAE golden residency visa cancels their work permit, they can sign a new employment contract with an existing or prospective employer to obtain a work permit, following the provisions outlined in Administrative Resolution No. 38 of 2022. This is in accordance with the aforementioned provision of the law.