UAE Sets Income Requirements for Green Residence Permit

The United Arab Emirates has outlined the requirements for self-employed foreigners seeking to obtain a Green Residence Permit. Applicants must secure a freelance work permit from the Ministry of Human Resources and Emiratisation.

They are required to possess at least a bachelor's degree, a specialized diploma, or an equivalent qualification recognized by the UAE. Additionally, applicants must demonstrate an annual income of at least AED 360,000 (approximately N130,493,015) earned from self-employment over the two years preceding their application.

Alternatively, they may provide satisfactory evidence of sufficient financial resources to cover living costs for the duration of their stay in the UAE. This Green Residence Permit is aimed at skilled freelancers and self-employed professionals, allowing them to live and work independently without the need for a local employer's sponsorship, thus offering greater autonomy for high-earning independent workers.