For those who dream of making the UAE their forever home, this is a huge deal – a permanent residency scheme.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the country’s first continuous visa scheme on Tuesday (21st May).
Sheikh Mohammed broke the news of the ‘golden card’ system on Twitter, saying: “Permanent residency will be granted to distinguished individuals, exceptional talents and anyone who contributes positively to the success story of the UAE.”
First to be enrolled are 6,800 business people whose investments exceed AED 100 billion. Those who make “exceptional competencies in the fields of medicine, engineering, science and all the arts” will also be eligible, His Highness added.
The news is the latest (and possibly biggest) announcement in a series of changes to the UAE’s visa system for residents.
In November 2018, the UAE Cabinet approved long-term residency visas for to “investors, entrepreneurs, specialised talents and researchers in the fields of science…and outstanding students,” making it easier for foreign workers and students to build a life in the UAE.
There are stringent conditions for applications, including holding a PhD degree from one of the top 500 universities in the world, for specialised researchers to gain a 10-year residency visa.