The UAE's residency reforms, launched in celebration of the country's 50th anniversary, are turning out to be a boon for expatriates, enabling them to start their own businesses at a lower cost and without local sponsorship and partnership.
Among the residency reforms are the green visa and freelancer visa schemes, which allow foreigners to work in the country without the need for employer sponsorship.
Holders of the new green visa will be able to work without corporate sponsorship and can sponsor their parents and children up to the age of 25 years.
The residency reforms are part of "Projects Of The 50," which will commemorate the country's half centenary through a series of initiatives that outline the roadmap for the next 50 years.
The initiatives aim to accelerate the UAE's development and consolidate all sectors into a comprehensive hub, establishing its status as an ideal destination for global talent and investors.
Foreigners account for 90 percent of the UAE's population of 10 million.
Non-resident Indians will be the largest community to benefit from the new visa rules as Indians make up 60 percent of the expat population in the country.