UAE firms begin offering Golden Visa to retain talent, attract highly-skilled individuals

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UAE
  • Date: 11-Aug-2022
  • Source: Zawya
  • Sector: Economy
  • Country: UAE
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UAE firms begin offering Golden Visa to retain talent, attract highly-skilled individuals

Companies in the UAE are offering Golden Visas to retain existing talent and are also exploring the option of providing 10-year visas to new senior employees to attract the best talent in the market.

In addition to monetary benefits, this new perk is being added by companies to attract highly-skilled and talented individuals on a long-term basis.

“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. The trend is being led by key professionals in the technology and medical fields. This is positively being used for existing high potential talent in key positions, engaging new talent,” said Anjali Samuel, managing partner at Mindfield Resources, a senior talent acquisition and consulting firm in the Middle East and Africa region.

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.

The UAE will roll out a number of new visas and entry permits next month as part of a massive overhaul of its residency reforms programme. A