Golden card of United Arab Emirates Permanent Residents to Attract InvestorsNisha Gowri (Author) Published Date : May 24, 2019 12:46 IST
The United Arab Emirates has come up with a Golden Card permanent Residency Scheme to pull wealthy individuals and great talents from all around the world. This includes the following categories. General investors, talented professionals, and entrepreneurs will be granted a 10-year visa. Real estate investors and outstanding students will be granted a 5-year visa. This is open to talents like scientists, engineers, doctors, students, and artists. As the first step of the initiative, 6800 people are given permanent residency.
All the people are investors with investment about 70 billion Dirham. This Golden card initiative acclaims to be a part of the success story of the UAE and make it their success story. The idea behind this initiative reflects that the residents are a very important part of the country and become the permanent part of the UAE's journey. The present expatriates are given the limited duration of residence. The golden card gives permanent residency and many other new benefits and also to their families.
Besides, an attractive environment and business opportunities are also provided. The benefits of this program extend to the children and spouse of the cardholder. This will surely ensure social ties. This new initiative will bring in a huge amount of foreign investment and activate the local economy. This destination will be a more attractive place for investors. This, in turn, will increase competitiveness on a global scale and will reaffirm the country's position as a global incubator.
Golden card of United Arab Emirates Permanent Residents to Attract Investors