Under the initiative long-lasting residency will be granted to investors, exceptional professionals in various fields including medicine, engineering and science.
Sheikh Muhammad Bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, on Tuesday launched the permanent residency system.
Taking to his Twitter handle, Sheikh Muhammad says: “Today, we have launched the permanent residency system "Golden Card".
The first batch of beneficiaries will include 6,800 investors whose total investments are over 100 billion dirham and the privileged card will only be granted for distinguished individuals, exceptional talents and anyone who contributes positively to the success story of the UAE, he added.
"We want them to be permanent partners going hand in hand with us in our journey. All residents in the UAE are our brothers and part of our great family in the UAE,” said Sheikh Muhammad in another tweet.
The permanent residency “Golden Card” will be granted to exceptional talents and everyone who positively contributes to the success story of the UAE. We want them to be permanent partners in our journey. Residents are an indispensable part of our country.
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
We launched a new “Golden Card” system to grant permanent residency to investors and exceptional doctors, engineers, scientists and artists. The first batch of 6,800 investors with Dh100 billion worth of investments will be granted the “Golden Card.”
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
A week earlier, the UAE had also introduced a six-month multiple-entry interim visa for non-UAE residents seeking long-term investment visa in the Gulf state.
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