The United Arab Emirates recently launched the “Golden Card” Permanent Residency Scheme for expatriates. The scheme, launched by the UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum, is meant to pursue and attract wealthy individuals and exceptional talents such as doctors, engineers, scientists, students and artists from all over the world.
Dubai’s ruler took to social media and stated, “We want them to be permanent partners in our journey. Residents are an indispensable part of our country. The first batch of 6,800 investors with Dh100 billion worth of investments will be granted the “Golden Card.”
According to General Mohammed Ahmed Al Marri, Director General of the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA), the department has started issuing permanent residency to the first batch of qualified individuals from over 70 countries.
The scheme of “Golden Card” comes after the last year’s announcement that the country would grant five or ten year residency visas to investors, entrepreneurs, doctors, scientists, and outstanding students to facilitate business and investment environment. The scheme offers a permanent residency with a slew of unprecedented benefits.